Coverage dated November 5, 2024 to November 10, 2024

Musk’s Tesla hits $1T market cap after Trump win

Headline from The Hill, from the development of Nov 8, 2024

Newest development Nov 11, 2024 · 3 reportsElon Musk Now $50 Billion Richer Post-Election As Tesla Stock Up Another 7%

Tesla’s stock continued its massive rally Friday, bringing the electric vehicle (EV) maker’s market capitalization above $1 trillion. The company’s share price was up 7 percent as of midday Friday. Since the market closed on Election Day, Tesla’s stock has jumped nearly 26 percent.

The Hill's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Earlier updates in this story

Developments in this update

3 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.

  1. Elon Musk Now $50 Million Richer Post-Election As Tesla Stock Up Another 7%

    Headline from Forbes ·

  2. Names this update

    Musk’s Tesla hits $1T market cap after Trump win

    Headline from The Hill ·

  3. Newest

    Elon Musk Now $50 Billion Richer Post-Election As Tesla Stock Up Another 7%

    Headline from Forbes ·

2 reports not tied to one development ·

Read the reports

Reports & sources

25 articles, oldest first.

  1. Quartz

    Tesla stock is soaring as Elon Musk looks to benefit from Donald Trump's victory (opens Quartz)

    Published

    Quartz's feed description

    The Tesla CEO is expected to have a role — or at least influence — in a second Trump administration

  2. FOX Business

    Elon Musk's net worth surges following Donald Trump's election win (opens FOX Business)

    Published

    FOX Business's feed description

    Tesla CEO Elon Musk’s net worth rose billions of dollars Wednesday as investors reacted to President-elect Trump winning the election, according to Forbes.

  3. Washington Times

    Tesla shares jump 13% after Trump victory (opens Washington Times)

    Published

    Washington Times's feed description

    Shares of Elon Musk's Tesla shot up 13% Wednesday morning after Donald Trump won the presidency.

  4. New York Post

    Tesla shares surge by double-digits on Trump victory after Elon Musk’s campaign support (opens New York Post)

    Published

    New York Post's feed description

    Tesla shares zoomed ahead as much as 13.8% on Wednesday after President-elect Donald Trump – whom CEO Elon Musk outspokenly supported – clinched a victory.

  5. Investopedia

    Tesla Jumps as Musk Seen Winning Under Trump Presidency (opens Investopedia)

    Published

    Investopedia's feed description

    Shares of Tesla are jumping 14% in premarket trading Wednesday on investor bets that the electric vehicle maker run by Elon Musk will be a major beneficiary of Donald Trump’s return to the presidency.

  6. Forbes

    Tesla Shares Soar 12% Toward Record In Premarket Trading As Trump Wins Election (opens Forbes)

    Published

    Forbes's feed description

    Trump praised Elon Musk as a “super genius” for his support throughout his campaign.

  7. Digital Journal

    Tesla shares soar pre-market as Trump hails 'genius' Musk (opens Digital Journal)

    Published

    Digital Journal's feed description

    Tesla shares were up more than 15 percent at $289.44 in after-hours deals before the opening bell on Wall Street.

  8. Forbes

    Tesla Shares Hit Record—Soaring 12%—And Elon Musk Becomes $15 Billion Richer With Trump Victory (opens Forbes)

    Published

    Forbes's feed description

    Trump praised Elon Musk as a “super genius” for his support throughout his campaign.

  9. FOX Business

    Tesla stock surges after Trump wins presidency (opens FOX Business)

    Published

    FOX Business's feed description

    Tesla shares surged on Wednesday after President-elect Trump secured a return to the White House with Tesla CEO Elon Musk a prominent supporter of his campaign and agenda.

  10. Fortune

    How Elon Musk’s $130 million investment in Trump's victory could reap a huge payoff for Tesla and the rest of his business empire (opens Fortune)

    Published

    Fortune's feed description

    The world's richest person could get a lot of help with contracts and regulatory headaches during the Trump administration.

  11. New York Post

    Elon Musk’s net worth surges past $300B as Tesla’s market value crosses $1 trillion (opens New York Post)

    Published

    New York Post's feed description

    Elon Musk's backing of Donald Trump has paid off handsomely as the Tesla CEO saw his net worth surge past the $300 billion threshold on Friday.

  12. Forbes

    Tesla Hits $1 Trillion Market Cap—Musk Becomes $300 Billion Man After Trump Win (opens Forbes)

    Published

    Forbes's feed description

    Shares of the Musk-led EV firm are up 24% since Tuesday as investors responded aggressively to the Musk-backed Trump’s victory.

  13. NBC 5 Dallas-Fort Worth

    Tesla hits $1 trillion market cap as stock rallies after Trump win (opens NBC 5 Dallas-Fort Worth)

    Published

    NBC 5 Dallas-Fort Worth's feed description

    Shares of Tesla climbed more than 6% in mid-morning trading Friday, pushing the electric vehicle maker’s market cap past $1 trillion for the first time.

  14. Quartz

    Tesla just hit a $1 trillion market cap as Trump's win powers a stock surge (opens Quartz)

    Published

    Quartz's feed description

    Tesla CEO Elon Musk's close alliance with Trump could give the EV maker a significant advantage under the new administration

  15. The Guardian

    Tesla hits $1tn market value after Musk-backed Trump win (opens The Guardian)

    Published

    The Guardian's feed description

    Car company’s valuation saw sharp rally on growing bets CEO would reap the benefits of his support for president-elect

  16. Fortune

    Elon Musk's net worth rockets to over $300 billion as Trump win fuels optimism for Tesla and SpaceX (opens Fortune)

    Published

    Fortune's feed description

    Tesla's shares have jumped 28% since Tuesday alone.

  17. Fortune

    Tesla shares roar back to trillion-dollar value on Trump’s win (opens Fortune)

    Published

    Fortune's feed description

    Shares 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.

  18. Insider

    Elon Musk's wealth soars past $300 billion as Tesla shares climb on the back of Trump's election win (opens Insider)

    Published

    Insider's feed description

    Tesla's share price has climbed by around 28% since Tuesday's close. The company on Friday hit a trillion-dollar market valuation.

  19. The Hill

    Musk’s Tesla hits $1T market cap after Trump win (opens The Hill)

    Published

    The Hill's feed description

    Tesla’s stock continued its massive rally Friday, bringing the electric vehicle (EV) maker’s market capitalization above $1 trillion. The company’s share price was up 7 percent as of midday Friday. Since the market closed on Election Day, Tesla’s stock has jumped nearly 26 percent.

  20. Forbes

    Elon Musk And Nine Other Billionaires Whose Fortunes Surged Since The Election (opens Forbes)

    Published

    Forbes's feed description

    Tesla shares spiked in the wake of Donald Trump’s election win this week–and so did a handful of other stocks, in industries ranging from crypto to coffee.

  21. Forbes

    Elon Musk Now $50 Billion Richer Post-Election As Tesla Stock Up Another 7% (opens Forbes)

    Published

    Forbes's feed description

    Musk may be “heavily involved” in setting the Trump trade policy with China, one analyst predicted Monday.

  22. Fortune

    Elon Musk’s Trump bet has paid off so well that Tesla is now worth more than most of the rest of the car industry combined (opens Fortune)

    Published

    Fortune's feed description

    No matter how you value Tesla, the $1 trillion company trades at an eye-watering premium to all other peers—including tech stocks.

  23. FOX Business

    Tesla headed for $2 trillion valuation after Musk's 'big bet' on Trump win, analysts say (opens FOX Business)

    Published

    FOX Business's feed description

    Tesla stock continued to soar Monday after hitting a $1 trillion valuation that Wedbush analysts say could double in the next 18 months after Elon Musk's "big bet" on Trump's win.

  24. Forbes

    Elon Musk Now $50 Million Richer Post-Election As Tesla Stock Up Another 7% (opens Forbes)

    Published

    Forbes's feed description

    Musk may be “heavily involved” in setting the Trump trade policy with China, one analyst predicted Monday.

  25. FOX Business

    Tesla market value surpasses $1 trillion after Musk-backed Trump wins presidency (opens FOX Business)

    Published

    FOX Business's feed description

    Tesla's market value broke the $1 trillion mark for the first time in two years, just days after Trump won another four-year term in the Oval Office. CEO Elon Musk supported Trump.