The automaker's shares increased 8.2 percent to $321.22 on Friday, pushing its valuation beyond $1 trillion for the first time in over two years. This week alone, Tesla's stock rose by 29 percent, adding more than $230 billion in market value—its strongest performance since early 2023.

Stocks closed at record highs on Friday, with the S&P 500, Dow Jones, and Nasdaq 100 all notching their biggest weekly gain of the year.

The Dow crossed 44,0000 for the first time ever as stocks were on track for their best week in a year on optimism that President-elect Donald Trump's policies will boost the economy.