With earnings releases well underway and investors reacting to the U.S. election this week, various stocks, including some major names, have made significant moves. Here are Investing.com’s stocks of the week:

Tesla (NASDAQ:TSLA) 

Shares of Elon Musk’s electric vehicle giant Tesla surged following the election results, adding more than 6% (at the time of writing) on Friday. The stock is rose more than 25% in the last week as investors reacted positively to Trump’s election win. 

Tesla even breached the $1 trillion valuation mark on Friday as investors believe Musk’s companies may benefit from a Trump administration, with the CEO a vocal supporter of his campaign.

Analysts at Bank of America lifted their target for Tesla to $350 from $265 following the election results. They stated: “Our analysis has shown that TSLA should be relatively indifferent directly to most policies discussed in our recent election note, but may benefit from a shift to a federal regulation of autonomous vehicles/full self-driving (FSD) nationwide.”

“In addition, it is difficult to judge how Elon Musk’s increasingly close public relationship with President Trump could benefit Tesla, but this needs to be monitored closely,” they added.

Bank Stocks

Banks are also seen as having the potential to benefit from the incoming Trump administration with the potential for less regulation. 

Wells Fargo (NYSE:WFC) and Goldman Sachs jumped 13% on Wednesday, while Bank of America and Citigroup (NYSE:C) gained 8% in reaction to the election.  

An analyst at Bank of America said the election result was “positive for bank stocks,” with the expectation of a “more balanced regulatory backdrop.”