Tesla surged over 10% during intraday trading, with a market value exceeding $1 trillion, and Musk's net worth surpassing $300 billion

Tesla has risen for the third consecutive trading day, with its market value surpassing the $1 trillion mark for the first time since 2022. Tesla CEO Elon Musk's net worth has exceeded $300 billion for the first time since 2022, firmly securing his position as the world's richest person. On Friday, Tesla's stock price surged over 10% during the trading session, reaching a high of $328.71, and ultimately closing up 8.2% at $321.22, maintaining a market capitalization above the $1 trillion threshold. After Trump won the U.S. presidential election, Tesla, under the leadership of "number one contributor" Musk, saw its stock price soar this week, with Tesla alone rising a cumulative 29%. The intraday high on Friday was more than 50% higher than its low in late October. Tesla's stock price has increased over 29% year-to-date; however, during the low point in April this year, Tesla's stock price had plummeted over 44% compared to its closing price at the end of last year. Investors are increasingly optimistic that Trump's return to the White House could benefit Tesla. Tesla's stock price peaked in November 2021, breaking through $414. In October 2021, Tesla's market value first surpassed the $1 trillion mark. As of Friday's close, Tesla's stock price is still about 22% away from its all-time high. Currently, large tech companies with market values exceeding $1 trillion include: NVIDIA, Apple, Microsoft, Google's parent company Alphabet, Amazon, Meta, and Tesla. Among these, except for Meta and Tesla, all other companies have market values exceeding $2 trillion. Dan Ives, a well-known analyst at Wedbush Securities and a major bull on Tesla, stated this week that the biggest beneficiaries of Trump's victory would be Tesla and Musk. After Trump's administration takes office, Tesla and other companies may face less regulation. Trump has previously indicated that he might eliminate the $7,500 federal electric vehicle tax credit. Historically, these credits have helped boost electric vehicle sales. Ives believes this move would be negative for the electric vehicle industry but positive for Tesla, as Tesla's scale, scope, and pricing are unparalleled in the electric vehicle sector, potentially giving Musk and Tesla a significant competitive advantage in an environment without electric vehicle subsidies. Before the election day, Ives set a target price of $300 for Tesla. It is worth noting that on Friday, Tesla's stock price significantly exceeded the target price set by the majority of bulls. Over the years, Tesla has been promising and developing autonomous driving technology, which has always been a key point Musk highlights when boasting about Tesla. In the future, autonomous driving will become one of the most important parts of Tesla's profit landscape, with Full Self-Driving (FSD) expected to bring more value to Tesla. During the third-quarter earnings call, Musk stated that he would leverage his influence in the Trump administration to establish a federal approval process for autonomous vehicles. Currently, approvals are conducted at the state level, and Musk believes that once Tesla ultimately provides a system that exceeds partial autonomy, this will be a regulatory hurdle that Tesla needs to overcome. ** Currently, Tesla's main competitor in the United States, Waymo under Alphabet, has been operating commercial robotaxi services in several major cities, with related business ahead of Tesla