Tesla Inc. on Monday neared $1 trillion in market capitalization as the company founded by Elon Musk received its biggest-ever order—100,000 electric rental cars for Hertz.
Tesla shares were up 7.5 percent at $978, hitting a new record high Monday, following the order. Shares were also buoyed by news of the company’s Model 3 becoming the first electric vehicle to top monthly sales of new cars in Europe.
