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Home > Economy News > Tesla's market value reaches $1 trillion

Tesla's market value reaches $1 trillion

The market value of the American electric vehicle manufacturer Tesla has reached $1 trillion.

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Published: 08.11.2024 19:53 Updated: 08.11.2024 19:53
Tesla's market value reaches $1 trillion

Tesla's share price rose by more than 6 percent to $317.60 as of 19:30 Turkish time.

With the rise in its shares, Tesla's market value climbed above $1 trillion.

Thus, Tesla ranked 9th among the world's most valuable companies.

Shares of the company, where Elon Musk serves as CEO, began to rise following the victory of Republican candidate Donald Trump in the US presidential elections held on November 5.

Musk, one of Trump's biggest supporters, had donated more than $130 million to the election campaign.

Tesla's shares have risen by more than 27 percent since the beginning of the week with Trump's election victory.


News Source: AA

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USA Donald Trump Elon Musk market capitalization tesla company