The automaker's shares increased 8.2 percent to $321.22 on Friday, pushing its valuation beyond $1 trillion for the first time in over two years. This week alone, Tesla's stock rose by 29 percent, adding more than $230 billion in market value—its strongest performance since early 2023.

Tesla Inc.’s market valuation topped $1 trillion on Friday, after a post-election rally lifted the electric-vehicle maker’s stock by more than 25% on hopes the incoming Trump administration could benefit the company while hampering its EV competitors.

The stock gained 29% this week, adding more than $230 billion in market capitalization, its best since January 2023. "Tesla and CEO Elon Musk are perhaps the biggest winners from the election result, and we believe Trump's victory will help expedite ...