Shares in Elon Musk's electric car maker Tesla rose 6 percent early Friday morning. The market value of the company has exceeded 1 trillion dollars.
According to a CNBC report on Friday night Bangladesh time, after Trump won the US presidential election on November 5, Tesla's share price has so far increased by about 27 percent.
Investors expect Trump's return to the White House to benefit Tesla. Because Tesla CEO Elon Musk was a key Trump ally throughout the election campaign. Not only that, he spent at least $130 million on Trump's campaign.
According to the report, Tesla's market value as of election day was $807.1 billion. The company's share price was up just 1 percent for the year until then. But just three days after the election, the increase reached 27 percent.
As a result, Tesla has joined an elite technology club worth $1 trillion. In addition to Tesla, Nvidia, Apple, Microsoft, Alphabet, Amazon and Meta are already among the companies whose market value has exceeded $1 trillion. Except for Meta, the market value of all the companies actually exceeded 2 trillion dollars.
Earlier in October 2021, Tesla also touched the milestone of trillion dollar market value. Although later it started to come down.
