Tesla hits $1t market value as Musk-backed Trump win fans optimism

Tesla hits $1t market value as Musk-backed Trump win fans optimism

FILE PHOTO: Tesla electric vehicles are parked in a Tesla dealer in Paramus, New Jersey, U.S., July 23, 2024. REUTERS/Eduardo Munoz/File Photo

Tesla‘s market value closed above the $1 trillion mark in a sharp rally on Friday, on expectations that CEO Elon Musk‘s companies will get favorable treatment under President-elect Donald Trump for his extensive support during the poll campaign.