Tesla hit a $1 trillion market cap on Monday following news that Hertz is ordering 100,000 vehicles to build out its electric vehicle rental fleet by the end of 2022.
The company joins trillion-dollar market cap companies like Apple, Amazon and Microsoft.
News of the deal brought Tesla’s stock to more than $1,045 a share midday, a new record high one trading day after the shares broke $900. The stock closed up 12.66% at about $1,024 a share.
As Tesla joins the elite $1 trillion stock club, two traders see another potential milestone ahead
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Tesla joins elite club as its market cap passes $1 trillion for the first time
