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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Is online shopping bad for the planet?
Tesla could start selling Optimus robots by the end of next year, Musk says
Musk's X Corp appeals dismissal of lawsuit against anti-hate group
TI forecasts Q2 revenue above estimates as analog chip demand improves
IBM nearing deal for cloud software provider HashiCorp, source says
AI boom to fuel natural gas demand in coming years, report says
TikTok has submitted risk assessment report on TikTok Lite to EU
Apple announces event on May 7 amid reports of new iPad model launches
Walmart-backed fintech One launches 'buy now, pay later' services, source says
Coca-Cola signs $1.1 billion deal to use Microsoft cloud, AI services

Others Also Read