Tesla hits $1 trillion in market value

Tesla shares surged Monday, briefly lifting the electric carmaker’s market value above $1 trillion, as investors shrugged off criticism from a U. S. safety official of the fast growing organization.

Near 1700 GMT, shares of Tesla were up almost nine percent at $990.95, giving it a market capitalization of just under $1 trillion after earlier topping that level.

The landmark came as Elon Musk’s company made multiple headlines, after Hertz announced a deal to purchase Tesla cars, while the head of the National Transportation Safety Board slammed the firm for not implementing safety recommendations.