Tesla Reclaims $1 Trillion Market Cap with $250B Surge After Trump Election

Nov 8, 2024, 07:09 PM

Tesla Inc. has once again achieved a market capitalization of $1 trillion, marking its return to the elite group of companies known as the trillion-dollar club. This milestone was reached following a significant rally in Tesla's stock price, which has been attributed to the recent election of Donald Trump, with the company's market value increasing by $250 billion since his victory. The stock surge has led to speculation about potential future stock splits, as Tesla's market cap now approaches the size of the entire private credit market.