Tesla shares rose nearly 9% Monday, boosted by a postelection rally as President-elect Trump, closely aligned with CEO Elon Musk, began forming his cabinet. Wedbush analysts raised their Tesla price target, foreseeing Trump’s White House as pivotal for Tesla’s autonomous and AI initiatives. Musk’s net worth soared past $300 billion, spurred by gains across tech and crypto sectors. Musk could gain billions from new government contracts, in addition to $19 billion already awarded to SpaceX, with federal lawsuits and investigations potentially winding down. Trump hinted Musk could oversee “government efficiency” and included him on a recent call with Ukrainian President Zelenskyy.