Tesla’s market value surged to USD 1 trillion on Friday, driven by a sharp increase in its stock price and investor optimism about the company’s prospects under President-elect Donald Trump, Reuters reported.
The electric vehicle giant’s shares rose 8.2% to USD 321.22, marking Tesla’s first return to the trillion-dollar milestone in over two years.
The surge comes amid market expectations that Trump’s administration will offer favorable regulatory treatment for Tesla and CEO Elon Musk’s other ventures.
Tesla’s stock jumped 29% this week, adding more than USD 230 billion to its market capitalization, the company’s largest gain since January 2023.
Musk’s net worth also rose significantly, surpassing USD 300 billion, according to Forbes’ real-time billionaire tracker. The market rally follows Tesla’s late October earnings report, which showed increased profit margins and growth projections for 2025.
The company expects deliveries to grow by 20% to 30% next year, reinforcing its position as the world’s most valuable automaker, with competitors such as Toyota, BYD, and Ford far behind.