Shares in Tesla leapt 12.7 per cent in New York after Hertz said it had placed an order for 100,000 of the electric carmaker’s vehicles.
The company’s market valuation topped $US1 trillion ($1.3 trillion) in early afternoon trade.
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Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
