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Tesla surpassed a market value of $1 trillion on Monday, making it the fifth such firm to reach the milestone.
Shares in the electric carmaker climbed 12.6% after it struck a deal to sell 100,000 vehicles to the car rental firm Hertz.
Tesla has been the world’s most valuable carmaker for some time, but brands like Ford and GM make more cars.
Previously only Apple, Microsoft, Amazon and Google-owner Alphabet have reached a $1tn valuation.
