Tesla's $1 trillion value a double bonanza for Musk

FILE PHOTO: Tesla CEO Elon Musk gestures as he visits the construction site of Tesla's Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul/Pool via Reuters

(Reuters) - The surge in Tesla Inc's stock market value beyond $1 trillion on Monday is a double bonanza for Chief Executive Elon Musk, the electric car maker's largest shareholder.

The stock rallied 12.7% on news that Tesla landed its biggest-ever order from rental car company Hertz.