The company formerly known as Google has seen almost a 16 per cent rise in share price from when Trump was confirmed as having won the US election in early November, and while it has held fairly steady across the past month, the final week of Joe Biden’s administration did see an initial 1.6 per cent rise.

Tesla stock falls as President Donald Trump plans to roll back federal electric-vehicle production targets, Apple stock receives a rare downgrade, and 3M and Charles Schwab report better-than-expected quarterly earnings.

Shares of Tesla Inc. slumped Tuesday alongside other electric-vehicle makers, while space company stocks saw big gains, after President Donald Trump announced a series of policies that could have wide-ranging impacts on markets.

Tuesday's trading session sees significant movements among mega-cap and large-cap stocks, with notable companies like Tesla Motors (NASDAQ:TSLA) and Apple Computer Inc (NASDAQ:AAPL) experiencing declines.

Shares of three charging companies are down an average of about 40% since the election, while the electric-vehicle maker’s stock has surged 68%.