Tesla Surpasses $1 Trillion Market Cap

Tesla's market valuation hit and then surpassed the $1 trillion mark Monday, a milestone reached by the company 11 years after it became a publicly traded company. It also puts Tesla in select company with Apple, Amazon, Facebook and Google, all of which have market caps above $1 trillion. From a report: Tesla shares hit $998.22 midday Monday. Shares are now trading above $1,004, up about 10.5% from this morning's open. This is the first time the company's share price reached $1,000 a share. Shares pushed higher Monday on several news stories related to Tesla, including that rental giant Hertz, which recently emerged from bankruptcy, had agreed to buy 100,000 EVs from the automaker.

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