Tesla’s (TSLA.O) market capitalisation increased by the most among top global companies in November, boosted by expectations the automaker will benefit from CEO Elon Musk’s close ties with U.S. President-elect Donald Trump.
The company’s market value surged 38.1% to $1.1 trillion last month on reports that Donald Trump’s transition team plans to relax federal regulations on self-driving cars, potentially simplifying the rollout of autonomous vehicles.
Optimism around holiday shopping helped