A breakneck rally in Tesla Inc. shares on Friday catapulted the electric-vehicle maker’s market value back over the coveted trillion-dollar mark, as investors bet that Donald Trump’s return to the White House can be a positive force for Elon Musk’s company.
Shares of the company closed up 8.2% at $321.22 Friday, taking their gains this year to 29%, and Tesla’s market value to about $1.03 trillion. It is once again among just seven companies in the S&P 500 Index with that status. The last time Tesla shares traded above that level was in April 2022.
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