TechCrunch
Tesla is part of the trillion-dollar club again
Tesla shares have popped since the U.S. election as investors bet that a Trump presidency will benefit the automaker led by ally Elon Musk. Tesla’s shares have rallied nearly 30% since Tuesday, including an increase Friday morning that pushed the company’s market cap past the $1 trillion mark. The share spike is largely related to Musk, who launched a multimillion-dollar effort to re-elect Donald Trump that included using X, the social media platform formally known as Twitter that he owns.
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