The automaker's shares increased 8.2 percent to $321.22 on Friday, pushing its valuation beyond $1 trillion for the first time in over two years. This week alone, Tesla's stock rose by 29 percent, adding more than $230 billion in market value—its strongest performance since early 2023.

Stock markets surged amid the news of President-elect Trump’s 2024 win, with the Dow Jones logging its best day in two years, while the S&P 500 and the Nasdaq also hit record highs. Editor-in-Chief at Investopedia,

China's exports surged by 13 percent in October, the fastest pace in over two years, despite looming tariff threats.