TESLA'S market value closed above the $1 trillion mark in a sharp rally on Friday, on expectations that CEO Elon Musk's companies will get favorable treatment under President-elect Donald Trump for his extensive support during the poll campaign.

The electric automaker's shares jumped 8.2 percent to $321.22, catapulting the company's valuation above the trillion-dollar mark for the first time in more than two years.

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