Throughout his campaign, president-elect Trump echoed support for American manufacturing and an agenda prioritizing domestic business. Tesla CEO Elon Musk emerged as an influential Trump surrogate in the later phases of the election cycle.

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Tesla's stock has surged more than 40% since Donald Trump's election win, with analyst Dan Ives calling it a game changer for the company's AI and autonomous driving prospects, and raising the price target to $400.

Shares of the Musk-led EV firm are up almost 30% since Tuesday as investors responded aggressively to the Musk-backed Trump’s victory.

Wedbush’s managing director Dan Ives has raised price target on Tesla to $400 per share, betting that Donald Trump’s Presidential election win “will be a gamechanger” for autonomous driving and Tesla.

Investors betting against Tesla have lost $7.8 billion since Donald Trump's election win last week. That's according to data from S3 Partners, which told Business Insider in an email that on Monday that Tesla short-sellers are reeling from the electric vehicle maker's 38% post-election surge.

Tesla Inc. fans have been reinvigorated by Donald Trump’s presidential triumph. The stock’s climb has been seemingly unstoppable as investors pile into the shares, confident that a second Trump term will bring windfalls to the Elon Musk-led electric vehicle maker.