Tesla Surpasses $1 Trillion-Mark in Market Value

Tesla Inc. became the latest U.S. company to cross the $1 trillion milestone in market value as its stock price has more than doubled in the past year on surging sales and rising profits.

Helping Tesla cross the mark Monday was news that Hertz Global Holdings Inc. had ordered 100,000 vehicles from the electric vehicle maker to stock its rental-car fleet, a major bulk purchase that could help the car company get more of its cars into the hands of mainstream consumers.

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