Tesla became the latest US tech giant to hit $1 trillion in market value Monday as investors cheered a large order from Hertz and shrugged off criticism from a US auto safety official, IgbereTV reports.
Shares of Elon Musk’s company finished at $1,024.86, up 12.7 percent and topping $1 trillion for the first time.
“Wild $T1mes!” Musk said on Twitter.
The surge followed an announcement from rental car giant Hertz of an order to buy 100,000 autos from Tesla by the end of 2022 in the latest embrace of electric car technology by a mainstream auto player.
The Hertz announcement came on the heels of strong Tesla earnings last week that illustrated the company’s resilience in spite of a semiconductor shortage that has weighed more heavily on other automakers
