Tesla Hits $1 Trillion Mark in Post-Election Surge

Tesla shares surged over 5% in mid-morning trading on Friday, lifting the electric vehicle maker’s market capitalization past $1 trillion for the first time.

The company’s stock has climbed approximately 27% this week, driven by optimism following President-elect Donald Trump’s recent win in the U.S. presidential election.

Investors appear hopeful that Trump's return to the White House will benefit Tesla. CEO Elon Musk has been a prominent supporter of Trump’s campaign, contributing at least $130 million to a pro-Trump campaign initiative.

By Tuesday’s close, Tesla’s market cap stood at $807.1 billion. Before this week's rally, Tesla’s stock had risen about 1% for the year, but it has now gained around 26% year to date.

Tesla joins an exclusive group of tech giants valued at over $1 trillion, including Nvidia, Apple, Microsoft, Alphabet, Amazon, and Meta (although all except Meta have surpassed $2 trillion in value).