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Tesla’s market cap tops $ 1 trillion

The market value of US electric car maker Tesla surpassed $ 1 trillion for the first time after car rental company Hertz announced it had ordered 100,000 Tesla for its electric vehicle fleet.

Tesla shares rose more than 9 percent after Hertz decided to invest in its electric vehicle rental service.

The market value of Tesla, whose stock value approached nearly $ 1,000, hit $ 1 trillion for the first time.

Hertz, one of the US car rental companies, announced today that it has ordered 100,000 Tesla vehicles by the end of 2022 to expand its fleet of electric vehicles.

Hertz announced that starting November, its customers will be able to rent Tesla Model 3 vehicles in key markets in the US and certain cities in Europe.

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