Tesla’s market cap hit $1 trillion after shares surged over 5% on Friday, boosted by investor optimism following Donald Trump’s presidential election victory.
This rally reflects hopes for favorable policy support, as Tesla CEO Elon Musk was a major Trump campaign donor. This week, Tesla shares jumped by 27%, placing the electric vehicle giant in an exclusive group of U.S. tech firms valued at over $1 trillion, including Apple, Amazon, and Microsoft. Tesla’s current market cap stands at $807.1 billion, marking a 26% increase this year.