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Elon Musk-run electric car company Tesla hits $1 Trillion market cap for first time

Shortpedia

Content Team
Image Credit: shortpdia

Elon Musk-run electric car company Tesla on Monday hit the $1 trillion market cap for the first time. Tesla becomes the fifth US company to join the $1 trillion club, after Apple, Microsoft, Amazon, and Alphabet. Its stock soared to a new record-high after it crossed $950 during the trading -- up more than 9 per cent. The rally came after the US-based rental car company Hertz on Monday said it has ordered 100,000 Tesla vehicles.