While long-term investors appear to see substantial upside for Tesla from a Trump presidency, we’d be much more circumspect about Tesla stock at current levels.

Tesla stock fell Wednesday, ahead of the Thanksgiving holiday. Profit-taking, the economy, and tariffs weighed on investor sentiment toward the stock. Shares of the electric-vehicle maker closed down 1.

Tesla ( TSLA -1.58%) stock investors are watching closely to see how Elon Musk's political actions impact the business. *Stock prices used were the afternoon prices of Nov. 24, 2024. The video was published on Nov. 26, 2024.

Yes, Tesla CEO Elon Musk spent considerable effort (and money) helping to elect Trump, becoming a sort of direct advisor to the president elect in the process. That might buy him some influence in a second Trump administration (and seemingly already has) but it's Trump's proposals for the regulatory environment surrounding vehicles and AI — most of which were registered before Musk's campaign involvement — that stand to help his new buddy Elon's car company.