The company’s CEO has been appointed to a new government role by President-elect Donald Trump, but there are more factors at play for the EV maker.

Donald Trump's naming of Tesla Inc CEO Elon Musk as co-lead for the Department of Government Efficiency (DOGE) was expected and likely to be neither positive nor negative for the EV giant's stock, according to Gary Black.

Tesla (TSLA) stock continued its post-election rally Monday, with shares rising more than 7%. Investors are betting that CEO Elon Musk will be able to secure favorable treatment from a second Donald Trump administration.

Tesla shares soared again Friday, capping a big week for the EV maker as Wall Street analysts bet that Elon Musk’s company will benefit from Donald Trump’s return to the White House.

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.

Elon Musk, the world’s richest person, will be taking on an official role to try to help President-elect Donald Trump make government more efficient. It will add yet another responsibility to an ever-growing to-do list for the increasingly distracted CEO and business leader.

The Tesla CEO was named to a position in the second Trump administration on Tuesday evening. Investors don’t seem to be bothered by the idea.