Tesla shares surge, market cap hits $1 trillion
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Tesla CEO Elon MuskCNBC
•Tesla hits $1 trillion market cap as stock rallies after Trump win
68% Informative
Shares of Tesla climbed more than 5% in mid-morning trading Friday , pushing the electric vehicle maker's market cap past $1 trillion for the first time.
The company's stock has rallied about 27% this week after President-elect Donald Trump won the U.S. presidential election.
Tesla CEO Elon Musk has been a key ally for Trump throughout his campaign, pouring at least $130 million into a pro-Trump effort.
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