Tesla sets sights on $1 trillion valuation after Hertz’s plan to buy 100,000 Tesla EVs

Shares of Tesla Inc. headed toward different grounds Monday and the electric-car maker’s valuation hovered conscionable a fewer cardinal dollars abbreviated of $1 trillion, aft Hertz Global Holdings Inc. announced plans to bid 100,000 Teslas and a Morgan Stanley expert raised his forecast for income and production.

Tesla’s banal TSLA rallied much than 6%, putting it connected way for different grounds and its biggest one-day percent summation since April 13, erstwhile it roseate astir 9%. The company’s marketplace headdress topped $961 billion. The banal volition need...