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.

After a dramatic bull run following the election of Donald Trump last week, Tesla ( TSLA -6.15%) shares are finally cooling off today, pulling back in line with a broader sell-off as the S&P 500 is headed for its first decline since the election.

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