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

Ark Invest funds have been selling the electric vehicle maker's stock over the last few weeks and reinvesting the proceeds into Amazon.

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.

Elon Musk made a big bet on Donald Trump this year. He vocally supported him on his platform X (formerly Twitter), donated $119 million through a political action committee supporting Trump, and spoke at his rallies.

Elon Musk joined Trump on Capitol Hill for a meeting with Republicans—and the president-elect used the opportunity to ridicule the richest man in the world. Goldberg's birthday episode also included the return of the Wind Machine of Chaos and her face on a giant wheel of cheese.