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Tesla hits $1 trillion market cap as stock rallies after Trump win

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Shares of Tesla climbed more than 6% in mid-morning trading Friday, pushing the electric vehicle maker’s market cap past $1 trillion for the first time.

Tesla shares surged more than 6% on Friday, pushing the company's market cap past $1 trillion for the first time.

The stock has been on a tear this week as investors bet that Tesla CEO Elon Musk will stand to benefit from a potential Trump administration.climbed more than 6% in mid-morning trading Friday, pushing the electric vehicle maker's market cap past $1 trillion for the first time.The company's stock has rallied about 27% this week after President-elect Donald Trump won the U.S.

Tesla had a market cap of $807.1 billion through Tuesday's close. Prior to this week's rally, shares of the carmaker were up about 1% for the year. Tesla's stock is now up about 26% year to date.Red state voters backed a progressive pro-worker issue on Trump election night ballots and national momentum is buildingSEPTA

 

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