Tesla Inc. top boss Elon Musk said the electric carmaker had not signed a contract with Hertz, more than a week after the car rental firm announced a massive deal with the electric car company.
Tesla’s shares fell 5 percent to $1,146 in premarket trading, after a steep jump following the news of the biggest-ever order—100,000 electric cars for Hertz—on Oct. 25, which helped Tesla breach $1 trillion in market capitalization.
