Tesla stock is up 37% in volatile post-election trading as Wall Street digests a complicated web of Trump policies which may impact the Musk-led electric vehicle company.

Elon Musk was a central figure in the business world pushing for Trump's return to the White House in the lead-up to this month's elections.

Tesla shares rose more than 5% on Monday after Bloomberg News reported that President-elect Donald Trump's transition team was planning to set up federal regulations for autonomous vehicles.