Tesla shares added more than $36 billion in market value Monday morning, making the car company more valuable than social media giant Facebook.
Shares of Tesla skyrocketed past an all-time closing high Monday morning after reports that Hertz placed an order to buy 100,000 cars as the recently bankrupt car-rental company embraces the booming electric-vehicle market in a bid to turn around its ailing business. Hertz filed for Chapter 11 bankruptcy last May as the Covid-19 pandemic dealt a massive blow to demand in the leisure industry.
