Tesla returned to the $1 trillion club Friday, after its stock surged in the days following Donald Trump's presidential election victory.
The new valuation also increases Tesla CEO Elon Musk's net worth to some $300 billion, according to Forbes — increasing his net worth as the world's richest person by more than $30 billion.
Through his rocket company SpaceX, Musk has been the beneficiary of billions in government contracts over the past decade.
Tesla's 13-figure valuation puts it among the ranks of Nvidia, Apple, Microsoft, Google-parent Alphabet, Amazon and Facebook-parent Meta.
Tesla previously hit $1 trillion in 2021.
Persons:
Tesla, Donald Trump's, Elon, Forbes —, Musk, Trump
Organizations:
Forbes, Trump, SpaceX, Nvidia, Apple, Microsoft, Google, Facebook