Tesla Breaks $1 Trillion Market Cap In More Than 2 YearsNew York Stock Exchange Continues Strong

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.

Some on Wall Street, including investment bank Barclays, expressed skepticism, however, that Tesla's stock price rise is excessive compared to its corporate earnings structure.

Meanwhile, the New York Stock Exchange has continued to strengthen since Trump won the presidential election.

The Dow Jones 30 Industrial Average closed at 43,988.99, up 0.59% from the previous day.

The Standard & Poor's, S&P 500 rose 0.38% to 5,995.54, and the tech-heavy Nasdaq Composite rose 0.09% to 19,286.78.

The Dow crossed the 44,000-mark for the first time in the day, and the S&P 500 also crossed the 6,000-mark at one point.