Tesla’s (NASDAQ:TSLA) stock continues to surge, as investors continue to price in a much better competitive environment for the EV maker relative to its peers. Impressively, Tesla stock is up around 45% on the year,

Shares of Tesla Inc. slid 3.96% to $338.59 Monday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 0.27% to 19,054.84 and the Dow Jones Industrial Average rising 0.

Shares of Tesla (NASDAQ: TSLA) were heading lower on reports that the Trump administration planned to eliminate the $7,500 electric vehicle (EV) tax credit. Tesla also issued its sixth recall this year for the Cybertruck,

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 8.9% in the afternoon session after Bloomberg reported that the Trump administration seeks to create a federal framework for self-driving cars.

Stock futures, and Tesla shares, were higher on Monday following President-elect Donald Trump’s Treasury Secretary pick Scott Bessent.

Tesla (NASDAQ: TSLA) stock raced ahead by 7% through 10 a.m. ET Monday after Bloomberg reported that the incoming Trump administration wants to enact "a federal framework for fully self-driving vehicles.

Tesla shares moved higher in early Monday trading, extending the stock's impressive post-election rally, after a top Wall Street analyst boosted his price target while adding a warning on its near-term performance.