Tesla market value surpasses $1 trillion for first time since 2022

Tesla’s market value surpassed $1 trillion on Friday, as bets mounted that billionaire Elon Musk’s companies would receive preferential treatment for his support of President-elect Donald Trump in his election campaign.

Shares of the electric carmaker rose more than 6% to their highest level in more than two years at $315.56 after rising 19.3% at the close on Thursday.

According to Sky News, Tesla has thus surpassed the $1 trillion mark for the first time in more than two years.