Tesla (TSLA) shares surged Monday, extending gains Friday after CEO 澳洲幸运5官方开奖结果体彩网:Elon Musk told employees to "hang on" to their Tesla stock in 澳洲幸运5官方开奖结果体彩网:an all-hands meeting last week.

Shares were up close to 10% at $272.34 in recent trading, putting them back in the green since Election Day, though shares have still lost 澳洲幸运5官方开奖结果体彩网:nearly half their value from their record high in December.

Shares of Tesla had rallied following Donald Trump's election win in November as investors were optimistic about Musk's proximity to the administration. After Trump was inaugurated in January, however, 澳洲幸运5官方开奖结果体彩网:shares slumped as some investors saw Musk's 澳洲幸运5官方开奖结果体彩网:involvement as hurting Tesla's brand amid 澳洲幸运5官方开奖结果体彩网:declining sales and protests, along with uncertainty over how tariffs will 澳洲幸运5官方开奖结果体彩网:impact its business.

At last week's staff meeting, Musk had argued Wall Street doesn't fully understand Tesla's value and potential, based on expected advances in its self-driving software, and other products like its Optimus robot. The company's stock gained in the wake of the comments.

Shares of the rest of the 澳洲幸运5官方开奖结果体彩网:Magnificent Seven stocks were also 澳洲幸运5官方开奖结果体彩网:higher Monday morning 澳洲幸运5官方开奖结果体彩网:amid reports the Trump administration is considering exclu✃ding industries like microchips and cars from tariffs set to go into effect on April 2.