On Monday, November 12, US stock market, Tesla's share price rose by 10% intraday, reaching a total market value of $1.13 trillion, continuing the optimistic trend driven by Trump's victory.

After soaring nearly 30% last week, Wedbush analysts reiterated their 'outperform' rating on Tesla, 'We are raising Tesla's target price from $300 to $400 because we believe Trump's presidency will change the narrative on autonomous driving and artificial intelligence for Tesla and Musk in the coming years.'

Some analysts believe that the two major opportunities in autonomous driving and artificial intelligence will bring $1 trillion in value to Tesla, and with regulatory policy adjustments, Musk's business empire will enter a rapid expansion phase.

In the days following Trump's decisive election win, Musk's personal wealth exceeded $300 billion, further solidifying his position as the world's richest person, with much of the growth benefiting from Tesla's stock price surge.

It is still unclear if Musk, who spent at least $0.13 billion on Trump's election campaign, will gain an official position in Trump's second term government, or continue to influence policy decisions within Trump's inner circle.

Regardless of the form, Musk is already on a winning streak. There are expectations that Musk may sign new contracts worth billions of dollars with the government, in addition to the $19 billion contracts already secured by his SpaceX company. Furthermore, out of the 19 federal lawsuits and investigations against his companies that are known, some or all may be nearing resolution.

Analysts at Bank of America wrote in a report last week, 'It is difficult to determine what benefits Musk's increasingly close public relationship with Trump will bring to Tesla, but this requires close monitoring.' They raised Tesla's target stock price from $265 to $350.

Trump previously stated that he might cut the $7500 federal tax credit for electric cars, which historically has helped boost Tesla's car sales.

At a recent campaign rally, Trump suggested having Musk be in charge of improving 'government efficiency'. Two days ago, when Trump spoke on the phone with Ukrainian President Zelensky, Musk was also present.

Reportedly, a dramatic scene unfolded when Zelensky personally called Trump that day to congratulate him on winning the presidential election, and when Trump handed the phone to Musk, he also thanked Musk for his assistance to Ukraine in satellite internet.

However, Per Lekander, the CEO of hedge fund management company Clean Energy Transition, believes that despite Musk's current political influence, Trump's victory is very negative for Tesla, as he may cancel many electric vehicle subsidy policies.

But Lekander admits that Tesla's stock price will still benefit in the short term from Trump's election. "So now Tesla's stocks are more like a bet, watching how much Trump can help Musk."

Edward Lees, portfolio manager at BNP Paribas in France, stated that Musk's current influence can be described as a bridge between the tech industry and Washington.