Trump's win prompted a sharp rally in Tesla shares, as investors increased their bets that the electric vehicle firm would benefit thanks to its CEO Elon Musk's close ties to the president-elect. The stock is still up around 65% since Nov. 5's market close — the night of the U.S. presidential vote.
Musk was appointed by Trump to co-lead the newly created Department of Government Efficiency, also referred to as "DOGE." The proposed presidential advisory commission's acronym shares the same name as the internet meme that inspired so-called "memecoin" cryptocurrency, dogecoin.