Tesla flirts with $1 tn in market value as Hertz deal fuels latest surge

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AFP

New York (AFP) – 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. Near 1735 GMT, shares of Elon Musk’s company were up 9.3 percent at $994.22, giving it a market capitalization of just under $1 trillion after earlier topping that level. 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 …

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