Tesla stock was rising in premarket trading Tuesday. Predicting the electric vehicle maker’s daily stock moves isn’t easy, but shares are likely to get a boost from potential changes to President Donald Trump’s car tariffs.

Elon Musk’s vocal and financial backing of Donald Trump’s presidential campaign led many observers to predict significant benefits for the billionaire and his companies under a second Trump administration.

Analysts are now reassessing whether Musk will have more bandwidth for Tesla amid ongoing government efficiency initiatives that have reportedly saved $160 billion to date. Tesla