Tesla hits $1 trillion market cap

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  • Tesla hit a $1 trillion market cap for the first time after Hertz said Monday it would buy 100,000 electric vehicles.
  • News of the deal brought Tesla’s stock to a new record-high just one trading day after shares topped $900.
  • The deal comes more than a year after Hertz filed for bankruptcy protection during the height of the pandemic, as demand for travel and rental vehicles dropped.
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