Tesla hits $1tn market value after Musk-backed Trump win

Tesla’s market value surpassed $1 trillion on Friday, driven by growing speculation that CEO Elon Musk’s support for President-elect Donald Trump could lead to favorable treatment for his companies.

Tesla’s shares rose over 6%, reaching a two-year high.

Analysts believe Musk could influence regulations on autonomous vehicles and secure delays in safety enforcement for Tesla’s driver-assistance systems, The Guardian has reported.

read more: https://www.theguardian.com/technology/2024/nov/08/tesla-market-value-trump-musk

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