Tesla Hits $1 Trillion Market Cap—Musk Becomes $300 Billion Man After Trump Win

Tesla Hits $1 Trillion Market Cap—Musk Becomes $300 Billion Man After Trump Win

Tesla’s market capitalization surpassed $1 trillion on Friday for the first time since early 2022. The electric vehicle manufacturer, led by Elon Musk, experienced a significant surge following the re-election of Donald Trump as President. Tesla’s shares soared over 10% to nearly $330 during afternoon trading, eventually closing with an 8% gain at $321. This extended the company’s three-day rally to 28%, contributing to broader stock market gains post-election. According to YCharts data, this milestone marks the first time Tesla’s market value has exceeded $1 trillion since April 2022, with the company’s valuation nearly doubling in the past six months.

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