Tesla has hit $100bn for the first time

Elon Musk, the billionaire co-founder of Tesla saw the market value of the electric car maker pass $`103bn, following a three-month rally in which Tesla’s share price has soared 125 per cent, as Donald Trump compared him to US Inventor Thomas Edison, calling him one of our great geniuses.

 If the market cap averages $100bn for six months, Mr. Musk can cash in the first $346m tranche of his 10-year bonus scheme.

In n2018, after battles with short sellers, Mr. Musk falsely claimed that he was close to a buyout at $420 a share, with funding secured. He later gave up the chairmanship as part of a settlement with regulators.

The milestone comes days after his rocket company, SpaceX, completed a test that puts it on track to become the first company to take astronauts into orbit.