Tesla worth $1trn as investors cheer deal with Hertz which has ordered 100,000 electric vehicles

Tesla’s market capitalisation passed $1trn on Monday after its shares surged following a deal with car rental company Hertz which has ordered 100,000 new electric vehicles from the manufacturer.

It is the largest-ever order for the firm founded by Elon Musk.

Mark Gibson

Graduates in Northwestern University, Evanston, Illinois 1990. Move to Los Angeles California in 2004. Specialized in Internet journalism.

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