Tesla Inc surpassed $1 trillion in market value on Monday after landing its biggest-ever order from rental car company Hertz, a deal that reinforced the electric car leader’s ambitions to top the entire auto industry in sales over the next decade.
Tesla shares surged as much as 14.9 per cent to $1,045.02, making it the world’s most valuable automaker according to Reuters calculations based on its latest filing.
Even Tesla CEO Elon Musk expressed surprise at the velocity of the surge. “Strange that moved valuation, as Tesla is very much a production ramp problem, not a demand problem,” Musk tweeted.
