Tesla's stock price increases by 8% during the post-election rally.

• Tesla's stock price increased by approximately 8% on Monday, as the company continues to experience growth following the post-election rally. This surge comes after President-elect Trump, who is closely associated with CEO Elon Musk, began to form his presidential cabinet.
• Will Musk, who spent at least $130 million on Trump's campaign, receive an official title in the second Trump White House or will he influence policy decisions from his inner circle?

On Monday, the stock of Tesla, which is closely associated with CEO Elon Musk and President-elect Trump, experienced a roughly 8% increase, continuing the post-election rally.

Tesla's recent surge of nearly 30% last week has caused analysts at Wedbush to reiterate their "outperform" rating on the stock, joining earlier positive outlooks in response to Tuesday's results.

The Wedbush analysts raised their price target on Tesla from $300 to $400, stating that they believe the Trump White House win will significantly impact the autonomous and AI story for Tesla and Musk in the coming years.

Since Trump's electoral win, Musk's wealth has surpassed $300 billion, making him the world's richest man and contributing to the growth in the technology and crypto sectors, which have seen gains since post-election trading began.

Will Musk, who spent at least $130 million on Trump's campaign, receive an official title in the second Trump White House or will he influence policy decisions from his inner circle?

Government contracts with his companies could potentially earn Musk billions, in addition to the $19 billion SpaceX has already received. The ongoing federal lawsuits and investigations into his companies may begin to wind down entirely.

Bank of America analysts raised their TSLA price target from $265 to $350, stating that it is challenging to determine how Elon Musk's growing public relationship with President Trump could benefit Tesla, and this needs to be closely monitored.

Previously, Trump has indicated that he may eliminate the federal $7,500 electric vehicle tax credit, which has aided in the sales of Tesla vehicles.

Trump suggested Musk could lead government efficiency at one of his final campaign rallies, and he was on the phone with Zelenskyy two days ago.

— CNBC's Michael Bloom, Annie Palmer and Lora Kolodny contributed reporting.