Tesla Inc shares soared on Monday and CEO Elon Musk expressed surprise that the news around car rental company Hertz Global Holdings is driving the surge.
What Happened
Tesla shares jumped last week after the news that the maker of Model 3 and Model S electric vehicles has landed its biggest ever order from a rental car company, helping Tesla hit the $1 trillion market cap for the first time.Musk tweeted, saying he would like to “emphasize that no contract has been signed yet” between Tesla and Hertz after the latest sharp rise in shares of the electric vehicle company.
