Tesla Inc.’s post-election surge, powered by Elon Musk’s full-throated support for Donald Trump, has added almost $250 billion to the carmaker’s value, a staggering sum that now has some on Wall Street urging caution.

Shares in the electric vehicle maker have soared 31% since Trump’s decisive win, leaving analysts’ price targets in the dust.

Tesla's post-election surge, powered by Elon Musk's full-throated support for Donald Trump, has added almost $250 billion to the carmaker's value.

Additionally, the stock pulled back earlier in the session on the Cybertruck recall and as the boom from Trump's victory and the broader "Trump trade" seemed to unwind. Tesla stock had soared in the days following the election, primarily due to CEO Elon Musk's alliance with Trump, though it's not fully clear how that will benefit Tesla.

Tesla should take advantage of its stock’s post-election surge to raise capital by selling shares, a Jefferies analyst says.