Tesla market cap tops $1t after Trump win

Tesla shares increased by 8% on Friday, pushing the EV maker’s market capitalization to over US$1 trillion.

This rise follows a 29% stock rally since Donald Trump’s election victory in the United States presidential race.

Investors speculate that a Trump administration may favor Tesla due to CEO Elon Musk’s financial contributions to a pro-Trump campaign.

Tesla’s stock is up about 30% year-to-date.

Recent Tesla developments

Timeline
07-Nov-2024 🚗 Tesla gains 14.8% as EV rivals slump on policy outlook Tesla shares up 14.8% amid Trump policy speculations Other EV manufacturers saw declines in their stocks
25-Oct-2024 🚀 Tesla shares soar 22% on strong sales growth outlook Tesla shares up 22%, biggest jump since May 2013. Musk predicts 20%-30% sales growth next year.
24-Oct-2024 🚗 Tesla plans affordable EV launch in 2025 Tesla plans affordable EVs by 2025 Q3 2024 profit up 17% to $2.2 billion
24-Oct-2024 📈 Tesla shares surge 12% in Q3 Tesla shares up 12% after Q3 earnings report Net income rises to $2.17 billion, exceeding last year
11-Oct-2024 🚖 Tesla launches much-awaited autonomous taxi Musk reveals Cybercab priced under $30,000 Production to start before 2027 amid skepticism

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