Tesla Inc has become the fifth United States Company with market capitalization of $1trn.
At the close of Monday’s trade, the company co-founded by the richest man, Elon Musk saw its market capitalisation breach $1trn.
Tesla has joined Apple Inc, Amazon, Microsoft and Alphabet (Google.O) in the list of the trillion dollar companies.
Tesla reached the height after landing its biggest-ever order from rental car company Hertz.
Hertz’s announced decision to order 100,000 Tesla vehicles by the end of 2022
The deal will bring in a reported $4.2bn for Tesla, according to Bloomberg.
Checks on the NASDAQ Stock Market by THE WHISTLER revealed that the company’s market capitalisation closed at $995bn. It had risen to $998.07bn by noon.
The company’s shares also rose to $994.86 from $909.68.
SSD