The electric automaker's shares jumped 8.2 per cent to $321.22, catapulting the company's valuation above the trillion-dollar mark for the first time in more than two years.

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.

Elon Musk has added more to his personal fortune since Donald Trump's US election win than anyone else tracked by the Bloomberg Billionaires Index.