Tesla stock falls 4% as Musk says no contract signed with Hertz

Tesla shares fell 4-5% on Tuesday after its CEO Elon Musk said the company has not yet signed a contract with the American car rental company Hertz for 100,000 Tesla cars. Hertz later told Bloomberg that it has started receiving deliveries of Tesla cars. The news of the biggest-ever order had earlier helped Tesla breach $1 trillion in market capitalisation.