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.

Tesla's recent stock surge is attributed to potential benefits from Trump's policies. Read why I maintain my sell rating on TSLA.

After a dramatic bull run following the election of Donald Trump last week, Tesla ( TSLA -6.15%) shares are finally cooling off today, pulling back in line with a broader sell-off as the S&P 500 is headed for its first decline since the election.

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

Tesla shares fell as much as 7% Tuesday, retreating from their earlier gains as a face of the “Trump trade.” Tesla, recently down about 6.3% on the day, was one of the S&P 500’s biggest gainers in the days after the presidential election was called.