Tesla's $1 trillion value a double bonanza for Musk


FILE PHOTO Tesla CEO Elon Musk gestures as he visits the construction site of Teslas Gigafactory in Gruenheide near Berlin Germany August 13 2021. Patrick PleulPool via Reuters

FILE PHOTO: Tesla CEO Elon Musk gestures as he visits the construction site of Tesla's Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul/Pool via Reuters

(Reuters) - The surge in Tesla Inc's stock market value beyond $1 trillion on Monday is a double bonanza for Chief Executive Elon Musk, the electric car maker's largest shareholder.

The stock rallied 12.7% on news that Tesla landed its biggest-ever order from rental car company Hertz.

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