Shares of “Tesla” rose by more than ten percent on Friday, making the market value of the electric vehicle manufacturer exceed one billion dollars, CNN reported.
The company’s shares rose about 27 percent this week after Donald Trump won the US presidential election, and investors became optimistic that the former leader’s return to the White House could benefit Tesla.
Tesla CEO Elon Musk was a key ally of Trump during his campaign, pouring at least $130 million into his campaign.
Tesla had a market value of $807.1 billion at Tuesday’s close.
Tesla shares have risen by around 29 percent since the beginning of the year, reports Tanjug.
Source:
Politika.rs / Tanjug.rs
Photo: Autoblog.rs Archive / Tesla
Source: autoblog.rs
