Investing.com – Shares of Tesla Inc (NASDAQ:) rose sharply on Monday, pushing the electric car maker’s market cap closer to the $1.5 trillion mark, as analysts suspect a Trump White House could threaten the company and its CEO Elon could be groundbreaking Musk.

The stock rose as much as 5.6%, extending its impressive rally since the close of trading on November 5th. Since that date, Tesla shares have risen 82%, increasing the company’s market value to around $1.47 trillion.

Investors see the relationship between Musk and President Donald Trump as a potential asset, particularly for advancing Tesla’s autonomous vehicle initiatives.

“We believe a Trump White House will be a ‘total game changer’ for Tesla’s autonomous and AI developments over the next four years,” a Wedbush analyst wrote in a note on Monday.

The company raised its price target on Tesla from $400 to $515 and set an optimistic target of $650 by 2025. Wedbush also estimates that Tesla’s AI and autonomous driving capabilities alone are worth at least $1 trillion dollars could have.

Separately, Truist Securities also raised Tesla’s price target to $360 and maintained a “Hold” rating.

“Given the importance of this relationship, we are more open-minded about Tesla’s ability to generate positive cash flows across its various businesses, including the addition of a robotaxi service to our forecasts,” noted an analyst at Truist Securities.

CEO Elon Musk’s net worth surpassed $400 billion last week, according to Forbes’ real-time billionaires list.