Electric car company Tesla Motors becomes the first car maker in the world to be valued a market capitalisation of $1 trillion. With the latest deal worth $4.2 billion from car rental company Hertz, Tesla’s market capitalization crossed $1 trillion mark this week. Tesla is the fifth US Company to join the trillion dollar club.
Hertz has recently ordered 100,000 Tesla Model 3s which boosted the company’s revenue and Tesla now has a total worth more than the next nine most valuable listed carmakers combined. With this, the CEO of Tesla Elon Musk also has become the richest person on earth. Musk’s net worth increased by $36.2 billion to $288.6 billion.