Rob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.
Tesla returned to the $1 trillion club Friday, after its stock surged in the days following Donald Trump's presidential election victory. Shares in the electric automaker have soared approximately 23% since Wednesday — a sharp turnaround from a year in which its stock price had otherwise been moving sideways.
Through his rocket company SpaceX, Musk has been the beneficiary of billions in government contracts over the past decade. While Tesla has fewer direct contracts, it has been embroiled in multiple federal investigations and regulatory actions that could be dialed back once Trump takes office. 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.
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