A recent order helped&nbsp;Tesla and its CEO&nbsp;Elon Musk gain huge amount of wealth as the company's shares witnessed a huge surge.&nbsp;

For the first time, US electric carmaker Tesla’s market value has broken through the $1tn mark. The company achieved the feat after receiving an order for 100,000 of its vehicles from the rental company Hertz. &nbsp;

Due to the order, Musk's personal fortune also went up by $36.2 billion. It was one of the biggest single-day jumps in the wealth of an entrepreneur. &nbsp;

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During 2020 and 2021, the carmaker’s stock market value had soared as investors bet on accelerating sales of electric cars in the run-up to government bans on petrol and diesel cars to meet the climate targets. &nbsp;

The shares of the company rose by as much as 9% to as high as $998 on Monday after the Hertz order announcement. It took Musk's 23 per cent stake in Tesla to $289 billion. The stake also includes options worth over $50 billion that have vested under Musk's 2018 compensation package.&nbsp; &nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/world/texas-bans-transgender-girls-from-participating-in-female-sports-in-schools-424068" hreflang="en">Texas bans transgender girls from participating in female sports in schools</a>

It took it past the milestone, although they later fell back below that level. &nbsp;&nbsp;

Based on the number of shares disclosed in its latest filing, Tesla shares must trade above $995.75 to stay above the $1tn (£727bn) level. &nbsp;

(With inputs from agencies)&nbsp;

A recent order helped Tesla and its CEO Elon Musk gain huge amount of wealth as the company's shares witnessed a huge surge. For the first time, US electric carmaker Tesla’s market value has broken through the $1tn mark.

A recent order helped Tesla and its CEO Elon Musk gain huge amount of wealth as the company's shares witnessed a huge surge. For the first time, US electric carmaker Tesla’s market value has broken through the $1tn mark. The company achieved the feat after receiving an order for 100,000 of its vehicles from the rental company Hertz. Due to the order, Musk's personal fortune also went up by $36.2 billion. It was one of the biggest single-day jumps in the wealth of an entrepreneur. Also Read: US to lift all travel restrictions for fully vaccinated foreign nationals During 2020 and 2021, the carmaker’s stock market value had soared as investors bet on accelerating sales of electric cars in the run-up to government bans on petrol and diesel cars to meet the climate targets. The shares of the company rose by as much as 9% to as high as $998 on Monday after the Hertz order announcement. It took Musk's 23 per cent stake in Tesla to $289 billion. The stake also includes options worth over $50 billion that have vested under Musk's 2018 compensation package. Also Read: Texas bans transgender girls from participating in female sports in schools It took it past the milestone, although they later fell back below that level. Based on the number of shares disclosed in its latest filing, Tesla shares must trade above $995.75 to stay above the $1tn (£727bn) level. (With inputs from agencies)

On a roll: Hertz’s 100,000-vehicle order helps Tesla, Elon Musk scale new heights

Paramount's frightening "A Quiet Place: Part II" returned to first place in North American theaters this weekend, as the much-ballyhooed film version of Lin-Manuel Miranda's musical "In the Heights" fell short of expectations, industry analysts said Sunday.

"Quiet Place," directed by John Krasinski and starring his wife Emily Blunt, took in an estimated $11.6 million for the three-day weekend as Hollywood continued to edge back toward normality, industry watcher Exhibitor Relations reported.

While that take was well below pre-pandemic levels for a box office topper, "Quiet," in its third week, nonetheless became the first post-Covid film to top the $100 million mark domestically.

Warner Bros.' energetic feel-good musical "In the Heights" -- Jon M. Chu's cinematic adaptation of the musical by "Hamilton" creator Miranda -- took in $11.4 million.

"Heights" thus fell short of early estimates that it might hit $15 million to $20 million, its in-theater total hurt no doubt as it debuted simultaneously on the HBO Max streaming service.

With an ensemble cast led by Anthony Ramos and Corey Hawkins, "Heights" tells the story of the dreams and challenges facing young Latinos in New York's Washington Heights neighborhood.

Another new release, Sony's family-friendly "Peter Rabbit 2: The Runaway," placed third at $10.4 million. A mixed live-action/animation, it features the voice of James Corden in the title role.

In fourth spot was last weekend's box office leader "The Conjuring: The Devil Made Me Do It," at $10 million. This latest chapter in the Warner Bros. horror franchise again features Patrick Wilson and Vera Farmiga as paranormal investigators pitted against demonic nastiness.&nbsp;

And in fifth spot was Disney's family-friendly "Cruella," at $6.7 million. The live-action film stars Emma Stone as the puppy-hating title villain.

As Hollywood struggles to shake off its long, painful pandemic hangover, grosses continue to lag behind previous years. Key factors: lingering hesitancy among some moviegoers -- particularly older people -- competition from streaming services and closures affecting many theaters in Canada.

Rounding out the top 10 were:

"Spirit Untamed" ($2.5 million)

"The House Next Door: Meet the Blacks" ($1 million)

"Wrath of Man" ($615,000)

"Queen Bees" ($328,000)

"Spiral" ($305,000)

Paramount's frightening "A Quiet Place: Part II" returned to first place in North American theaters this weekend, as the much-ballyhooed film version of Lin-Manuel Miranda's musical "In the Heights" fell short of expectations, industry analysts said Sunday.

Paramount's frightening "A Quiet Place: Part II" returned to first place in North American theaters this weekend, as the much-ballyhooed film version of Lin-Manuel Miranda's musical "In the Heights" fell short of expectations, industry analysts said Sunday. "Quiet Place," directed by John Krasinski and starring his wife Emily Blunt, took in an estimated $11.6 million for the three-day weekend as Hollywood continued to edge back toward normality, industry watcher Exhibitor Relations reported. While that take was well below pre-pandemic levels for a box office topper, "Quiet," in its third week, nonetheless became the first post-Covid film to top the $100 million mark domestically. Warner Bros.' energetic feel-good musical "In the Heights" -- Jon M. Chu's cinematic adaptation of the musical by "Hamilton" creator Miranda -- took in $11.4 million. "Heights" thus fell short of early estimates that it might hit $15 million to $20 million, its in-theater total hurt no doubt as it debuted simultaneously on the HBO Max streaming service. With an ensemble cast led by Anthony Ramos and Corey Hawkins, "Heights" tells the story of the dreams and challenges facing young Latinos in New York's Washington Heights neighborhood. Another new release, Sony's family-friendly "Peter Rabbit 2: The Runaway," placed third at $10.4 million. A mixed live-action/animation, it features the voice of James Corden in the title role. In fourth spot was last weekend's box office leader "The Conjuring: The Devil Made Me Do It," at $10 million. This latest chapter in the Warner Bros. horror franchise again features Patrick Wilson and Vera Farmiga as paranormal investigators pitted against demonic nastiness. And in fifth spot was Disney's family-friendly "Cruella," at $6.7 million. The live-action film stars Emma Stone as the puppy-hating title villain. As Hollywood struggles to shake off its long, painful pandemic hangover, grosses continue to lag behind previous years. Key factors: lingering hesitancy among some moviegoers -- particularly older people -- competition from streaming services and closures affecting many theaters in Canada. Rounding out the top 10 were: "Spirit Untamed" ($2.5 million) "The House Next Door: Meet the Blacks" ($1 million) "Wrath of Man" ($615,000) "Queen Bees" ($328,000) "Spiral" ($305,000)

'Quiet Place' again tops North America box office, edging out 'Heights'

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