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Tesla Hits $1-Trillion Market Cap Amid Stock Rally After Trump Win

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The automaker's market cap surged following Donald Trump's victory in the presidential election this week.

Tesla marked a historic milestone as its market capitalization surged past the $1-trillion mark, driven by an extraordinary rally following Donald Trump's victory in the presidential election.This surge in stock value, part of a broader post-election market rally, suggests investor optimism around potential benefits for Tesla and its CEO Elon Musk, who was an active supporter of Trump's campaign.The automaker's shares increased 8.2 percent to $321.

Musk's support for Trump involved substantial financial backing, including a significant $118-million-plus contribution to a pro-Trump super PAC, America PAC.He amplified Trump's campaign on his social media platform X , where he has more than 200 million followers.Musk also made appearances with Trump on the campaign trail and was present at the president-elect's Mar-a-Lago estate during the election night celebrations.

 

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