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Tesla Briefly Hits $1 Trillion Market Value on Wall Street

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The milestone came after Hertz announced a deal to buy Tesla cars (File)

New York:

Tesla shares jumped Monday, lifting the electric car company’s market value to above $1 trillion, as investors shrugged off a US security official’s criticism of the fast-growing organization.

Near 1700 GMT, Tesla shares were up nearly nine percent at $990.95, having previously topped that level, giving it a market capitalization of less than $1 trillion.

The milestone came as Elon Musk’s company made several headlines when Hertz announced a deal to buy Tesla cars, while the head of the National Transportation Safety Board slammed the firm for not implementing safety recommendations. Gave.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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