Tesla’s market capitalization has surpassed $1 trillion.
Investors drove the stock above $1,000 per share early Monday afternoon, putting the electric vehicle company beyond the $1,000 mark. This is the first time a company has reached this level in just two trading days.
Earlier in the session, Hertz stated that it had placed an order for 100,000 Tesla Model 3 sedans to add to its global fleet and that it had enlisted the services of NFL quarterback Tom Brady to promote the electric vehicle drive.
Tesla announced record quarterly earnings last week, with revenue soaring 57 percent year over year to a new high of $13.76 billion. Tesla also reported a GAAP net income of $1.62 billion, up from $331 million in the third quarter of the previous year.
