New York, Oct 25 (AFP): Tesla shares surged Monday, briefly lifting the electric car company’s market value above $1 trillion, as investors shrugged off criticism from a US safety official of the fast-growing organization.
Near 1700 GMT, shares of Tesla were up almost nine percent at $990.95, giving it a market capitalization of just under $1 trillion after earlier topping that level.
The landmark came as Elon Musk’s company made multiple headlines, after Hertz announced a deal to purchase Tesla cars, while the head of the National Transportation Safety Board slammed the firm for not implementing safety recommendations.