This year, Tesla founder Elon Musk has been both nemesis and godsend to Bitcoin, Dogecoin and Shiba Inu investors, but today he did a favour to Hertz investors – and it paid off for him too.

Overnight, Tesla secured its largest ever order for EVs from the rental car giant. Hertz will buy 100,000 Teslas to use in its fleet in a deal worth more US$4 billion – based on the typical price for a Tesla in the US.

The gain made Tesla a US$1 trillion company and Musk the richest man to ever walk the planet, worth an estimated $US250 billion. But it also boosted Hertz shares too – by 10%.

(Possibly related – ASX lithium stocks are having a day out.)

The car rental industry can be frustrating to deal with and there can be little to no difference between outlets. But finding out you’ve got a Tesla could make up for the long queues and substantial paperwork.

To markets, where the ASX is up again today, although only slightly – by 0.14% as at 11.45am.

The most scruitinised stock this morning was Crown (ASX:CWN) in the wash-up of the Victorian government’s royal commission into it.

Despite the report finding the casino’s conduct “disgraceful”, it recommended a two-year grace period under the control of a “special manager” who will then make a formal recommendation to the regulator as to whether or not it should keep its licence.

Its shares rallied this morning.



Here are the best performing ASX small cap stocks for Tuesday October 26 [intraday]:

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Stocks highlighted in yellow made market-sensitive announcements
Code Name Price % Change Volume
KOR Korab Resources 0.05 85 8504538
BCT Bluechiip Limited 0.049 63 54301521
ANL Amani Gold Ltd 0.0025 25 16582728
LMG Latrobe Magnesium 0.043 30 72310932
ERM Emmerson Resources 0.089 25 7115166
BXN Bioxyne Ltd 0.035 25 371558
MGL Magontec Limited 0.39 22 95584
PVW PVW Res Ltd 0.535 20 790496
AGR Aguia Res Ltd 0.06 20 1789495
KCN Kingsgate Consolid. 1.915 17 1844636
PRS Prospech Limited 0.09 17 127000
TNG TNG Limited 0.145 16 3813152
LPD Lepidico Ltd 0.03 15 70004506
GEV Global Ene Ven Ltd 0.125 14 8909305
NMT Neometals Ltd 1.005 14 4179067
PTG Proptech Group 0.675 13 92538
A8G Australasian Gold 0.64 13 545615
CHL Camplifyholdings 4.84 14 249000
EM1 Emerge Gaming Ltd 0.026 13 7382431
IKW Ikwezi Mining Ltd 0.87 13 9586
FCT Firstwave Cloud Tech 0.105 13 1942215
NYR Nyrada Inc. 0.265 13 468222
RXM Rex Minerals Limited 0.265 13 1916890
A3D Aurora Labs Limited 0.135 13 480171
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Bluechiip (ASX:BCT), a company developing a tracking technology designed for medical samples stored at sub-zero temperatures, signed a licence and development agreement with Fujifilm Irvine Scientific.

In resources, Korab Resources (ASX:KOR) rose despite not having any news leading to trading being paused. Emmerson Resources (ASX:ERM) meanwhile did have news – in the form of visible copper intersections at its Tennant Creek project.

Camplify (ASX:CHL), a campervan and motorhome sharing community which has more than tripled since listing in June, announced a $7m+ acquisition deal. It is buying the Mighway and SHAREaCAMPER businesses and assets in Australia and New Zealand.



Here are the worst performing ASX small cap stocks for Tuesday October 26 [intraday]:

Swipe or scroll to reveal full table. Click headings to sort:

Stocks highlighted in yellow made market-sensitive announcements
Code Name Price % Change Volume
PCL Pancontinental Energ 0.001 -33 606634
NPM Newpeak Metals 0.0015 -25 6201000
CCE Carnegie Cln Energy 0.002 -20 5326623
TSC Twenty Seven Co. Ltd 0.005 -17 1054858
MTB Mount Burgess Mining 0.006 -14 115000
MEB Medibio Limited 0.007 -13 4251322
PVE Po Valley Energy Ltd 0.028 -13 950000
QXR Qx Resources Limited 0.024 -11 14745236
GNM Great Northern 0.008 -11 4500000
LCT Living Cell Tech. 0.008 -11 2702559
AMT Allegra Orthopaedics 0.205 -11 15035
FGL Frugl Group Limited 0.033 -11 562616
AXP AXP Energy Ltd 0.0125 -11 15625042
LSR Lodestar Minerals 0.009 -10 1144200
RMX Red Mount Min Ltd 0.009 -10 127251
SIH Sihayo Gold Limited 0.009 -10 6922481
FMS Flinders Mines Ltd 0.79 -9 4015
AO1 Assetowl Limited 0.005 -9 1031
BGT Bio-Gene Technology 0.2 -9 1648294
ITM Itech Minerals Ltd 0.31 -9 1224347
WFL Wellfully Limited 0.105 -9 1321877
FLN Freelancer Ltd 0.715 -8 337992
NZS New Zealand Coastal 0.011 -8 2119732
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Medibio (ASX:MEB) fell after updating shareholders on its path to get FDA approval for its technology used to diagnose sleep disorders, announcing it was pivoting to another pathway to regulatory clearance.