Tesla stock rallied to what would be a new 32-month high closing share price Monday, gaining 3% to extend its post-election rise to 41%.

Tesla shares advanced to their highest level in two-and-a-half years as two analysts wrote optimistic opinions about the EV maker's future.

On Sunday, Stifel analyst Stephen Gengaro raised his Tesla stock price target to $411 from $287. He kept his Buy rating.

Excluding Tesla could burnish Newsom’s standing on the left as he renews a clash with Musk, who has become a member of Trump’s inner circle and accepted a role helping the incoming administration

Volkswagen, Chevrolet, and Tesla buyers are heavily influenced by federal tax incentives, according to a J.D. Power survey.