Tesla reached a new milestone on Monday, breaching the $1 trillion market capitalization mark, as the stock price soared 12.66% on the back of a massive order from car-rental behemoth Hertz. With this surge in market cap, Tesla is more valuable than the top 5 BSE listed companies combined. Along with the rise of Tesla Inc’s share price.
Elon Musk’s net worth has also soared by a massive $36 billion, Tesla’s market capitalization on the NASDAQ index stood at $1.02 trillion on closing with the stock price sitting at $1,024.86 per share.
Elon Musk has added $119 billion to his net worth. Meanwhile, Jeff Bezos’ net worth stands at $193 billion, after losing $751 million on Monday.
Tesla hit a $1 trillion market cap for the first time after Hertz said Monday it would buy 100,000 electric vehicles.
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