Tesla market value surpasses $1 trillion after Musk-backed Trump wins presidency

The relationship between President-elect Trump and billionaire Elon Musk sent Tesla’s market value above the $1 trillion mark after a rally on Friday.

Musk, who is the CEO of Tesla, endorsed Trump's bid to return to the White House and was a prominent financial backer of his campaign.

Reuters reported on Friday that the electric automobile maker’s shares rose to $321.22, or up 8.2%, putting the company’s valuation above the $1 trillion mark for the first time in over two years.

Over the past week...