Tesla shares record biggest monthly gain in Oct in almost a year

Tesla shares record biggest monthly gain in Oct in almost a year

• By Staff Writer

Tesla shares recorded their biggest monthly gain in October since November last year with an all-time high market valuation of $1.1 trillion. Shares of the world's richest person Elon Musk-led company surged 44% in October. The development comes after Tesla reported record deliveries in the third quarter, followed by strong earnings and orders of 100,000 cars from rental company Hertz.