Tesla shares edged lower in early Tuesday trading, but are still up more than $320 billion since last week's election as investors reset growth and profit forecasts for the group given Elon Musk's close ties to President-elect Donald Trump and his growing influence on the new Republican-controlled Congress.

Tesla Inc., a trailblazer in the electric vehicle (EV) industry, continues to capture the attention of investors worldwide. With a reputation for innovation and

Elon Musk's Tesla has seen a meteoric rise in its stock price since its initial public offering (IPO) in June 2010. At the time, Tesla stock was valued at a mere $17 per share, according to

Tesla shares are climbing Monday, after Elon Musk's electric-vehicle maker ended last week with [a market value of more than $1 trillion for the first time since April 2022](

Filings show Elon Musk spent $130 million supporting Republican candidates in the November election. Tesla stock alone gained $230 billion last week.

Wedbush Securities boosted its price target on Outperform-rated Tesla (NASDAQ:TSLA) to $400 after sizing up the U.S. election developments last week. Analyst Dan Ives and his team believe the Trump White House win will be a game changer for the autonomous and AI story for Tesla and Musk over the coming years.