"New Lava Channel" Frightens La Palma Volcano Onlookers, Elon Musk Worth More Than Ever After Hertz / Tesla B2B Deal - News 10.26.2021

More than a month into a continuous lava flow, La Palma is now experiencing a “new lava channel” according to the BBC, as part of the volcano began to collapse in on itself. The new lava flow means things on the island of La Palma won’t be going back to normal any time soon.

In business news, Elon Musk is now reportedly worth more than Exxon according to a CNN headline. This comes after car rental company Hertz announced plans to buy 100,000 cars from Musk’s Tesla, driving Tesla’s market cap to $1 trillion.

More companies in the trillion dollar market cap range could also be a sign of inflation, according to some.

Update: According to volcanodiscovery.com, “An earthquake of magnitude 4.8 occurred in the afternoon on Tuesday, October 26th, 2021, at 5:25 pm local time near Los Llanos de Aridane, La Palma Island, Canary Islands, Spain, as reported by the European-Mediterranean Seismological Centre (EMSC).” It does not appear the earthquake has triggered a tsunami warning or concern of any kind, thankfully.

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