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Tesla briefly hits $1 trillion market cap as shares rally to record high Tesla (TSLA) shares jumped for a fourth straight session on Monday, bringing the market capitalization for the electric-vehicle maker above $1 trillion for the first-time ever. The stock rose as much as 9.8% to reach $998.74 per share in afternoon trading. Tesla's year-to-date advance came in at nearly 41% through intraday trading, with the stock outperforming against the S&P 500's 21.6% rise over that same period. With a $1 trillion market capitalization, Tesla joins an exclusive club of mega-cap technology companies with a market value of at least that level. As of Monday, the only U.S.-based companies with a market capitalization of at least $1 trillion were Amazon, Apple, Microsoft and Google's parent-company Alphabet. Facebook was last a member of the $1 trillion club in late September. A bevy of positive news helped push the stock to a fresh all-time high. Earlier on Monday, car-rental company Hertz announced the company had ordered 100,000 Tesla vehicles, with these set for delivery by the end of 2022. Hertz said it was setting out to "offer the largest EV rental fleet in North America and one of the largest in the world," and it also ordered new electric-vehicle charging infrastructure for use globally.