Shares of Tesla (NASDAQ: TSLA) were heading lower on reports that the Trump administration planned to eliminate the $7,500 electric vehicle (EV) tax credit. Tesla also issued its sixth recall this year for the Cybertruck,

Tesla should take advantage of its stock’s post-election surge to raise capital by selling shares, a Jefferies analyst says.

Musk’s world-leading net worth is down $20 billion over the last three days due to the paring of the explosive gains after Trump’s victory.

We recently published a list of Jim Cramer Says These 10 Stocks Will Go Higher in Trump Presidency. In this article, we are going to take a look at where Tesla Inc (NASDAQ:TSLA) stands against other stocks that will go higher in Trump presidency according to Jim Cramer.

And on the other hand, Tesla’s CEO Elon Musk invested over $100 million in getting Trump elected despite the fact that he repeatedly said he doesn’t believe in electric vehicles and he wants to remove all those incentives.

Musk has emerged as a prominent member of Trump's inner circle. Tesla has lobbied for electric vehicle subsidies and other benefits over the years.