Tesla Hits $1 Trillion Market Cap for First Time, Shares Near $1,000

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Earlier on Monday morning, shares of Tesla opened to new all-time highs, and eventually the company’s market cap touched $1 trillion for the first time ever, when shares reached a historic $998.74.

Tesla joined Apple, Microsoft, Saudi Aramco, Alphabet and Amazon as the only companies to reach a $1 trillion market share.

As of writing, Tesla shares are trading at $994, up 9.3% for the day. Tesla saw some positive news on Monday, as Hertz announced it would be ordering 100,000 of the company’s electric vehicles for its rental fleet.