Tesla Breaks $1 Trillion Market Cap In More Than 2 YearsDow, S&P also hit an all-time high

Elon Musk's company, Tesla's stock price, which has emerged as a key heavyweight in Trump's second term, has soared for the third day, exceeding the market capitalization of $1 trillion for the first time in more than two years.

Tesla shares closed at $321.22 on the New York Stock Exchange, up 8.19% from the previous day.

This marks Tesla's highest close in about two and a half years.

The market capitalization was also $1.31 trillion, about 1,443 trillion won, exceeding $1 trillion in two and a half years.

Tesla shares have surged about 28% in the three days since the presidential election.

This is interpreted as a result of expectations that Musk will play a key role in the government efficiency committee to be established by the Trump administration, which will be able to remove or ease regulations that were applied to Tesla's implementation of autonomous driving technology.

After Trump's victory in the presidential election, the New York Stock Exchange continued to strengthen, with the Dow Jones 30 Industrial Average, Standard & Poor's and S&P 500 also hitting record highs.

The Dow closed at 43,988.99, up 0.59% from the previous day.

The S&P 500 rose 0.38% to 5,995.54, while the tech-heavy Nasdaq Composite added 0.09% to 19,286.78.