**Trump's Election Win Bolsters Tesla Stock; Musk Gains Policy Influence**

Shares of Tesla (TSLA) saw a significant jump in pre-market trading as news of Donald Trump's potential re-election boosted investor confidence. Market sentiment suggests a Trump victory could greatly benefit Tesla and its high-profile CEO, Elon Musk. Throughout the campaign, Musk has shown strong support for Trump, contributing over $100 million to the pro-Republican group America Pac and organizing town halls in key swing states, such as Pennsylvania.

In an unexpected twist, Trump has hinted at appointing Musk to lead a new Government Efficiency Commission if re-elected. At a Madison Square Garden rally on October 27, Musk floated the idea of cutting at least $2 trillion from the federal budget, emphasizing the theme of streamlined governance. Trump's endorsement of Musk was evident in his victory speech, where he praised the billionaire as "a star is born: Elon."

Musk's potential role in the White House would grant him significant influence, enabling him to recommend drastic cuts to what he considers an overly large federal bureaucracy. This move could have far-reaching effects on U.S. policy, particularly in areas such as artificial intelligence, space exploration, and electric vehicles, sectors in which Musk is deeply invested through his companies xAI, SpaceX, and Tesla.

Beyond political implications, Wedbush analyst Daniel Ives projected a bright future for Tesla, noting that even without federal subsidies for electric vehicles—a possibility under a Trump administration—Tesla would maintain its competitive edge due to its unrivaled scale in the EV market. Ives holds a Buy rating for TSLA stock with a projected price of $300, suggesting a 19.3% upside from current levels.

However, the broader consensus among analysts is more cautious. TSLA holds an overall Hold rating based on a mix of 11 Buys, 16 Holds, and eight Sells. Despite a more than 10% increase in value over the past year, the average price target of $207.83 implies a potential downside of 17.3% from its current price, reflecting a mix of optimism and prudence among market watchers.