Tesla’s market value surpassed $1 trillion on Friday, driven by growing speculation that CEO Elon Musk’s support for President-elect Donald Trump could lead to favorable treatment for his companies.

Tesla’s shares rose over 6%, reaching a two-year high.

Analysts believe Musk could influence regulations on autonomous vehicles and secure delays in safety enforcement for Tesla’s driver-assistance systems, The Guardian has reported.

Tesla’s profitability has been boosted by sales of its Full Self-Driving software, helping it maintain its position as the world’s most valuable automaker.

Written by B.C. Begley