There is a lot of talk about the rise in Tesla’s value following Donald Trump’s electoral victory.

The company’s largest shareholder, Elon Musk, campaigned for Mr. Trump.

The rise in its stock value yesterday continued this afternoon and comes as the stock prices of other electric vehicle companies are falling.

Kathleen Brooks, research director at XTB, offered this analysis…

“Tesla performed remarkably well on Wednesday as Elon Musk’s close ties to Trump boosted the company’s prospects.

“While it can be helpful to have friends in high places, Tesla’s rise is out of sync with the decline of other renewable companies following Trump’s victory.

“Rivian’s stock price has fallen in recent weeks as the Trump affair has taken hold.

“Xcel Energy, one of the largest producers of renewable energy in the United States, also fell from recent highs, and Pacific Oil and Gas, which is increasing its renewable production by 75%, also fell following the Trump’s victory.

“So Tesla’s rally looks like an anomaly. Is it going to sell out because Trump is negative for electric vehicles?

“Or will Tesla and other domestic electric vehicle makers be able to win Trump’s affections? If so, then Rivian’s stock price could be ripe for a rally.”