The landmark came after Hertz announced a deal to purchase Tesla cars (File)

New York:

Tesla shares surged Monday, briefly lifting the electric car company’s market value above $1 trillion, as investors shrugged off criticism from a US 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.

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