Tesla stock slipped early Thursday despite a big target price bump from a Wall Street bull after realizing huge—and somewhat surprising—postelection gains on Wednesday.Shares of the electric-vehicle maker were down 0.

Donald Trump had said during his campaign that, if he won the White House, he would install Elon Musk at the head of a government efficiency commission to eliminate "trillions" of dollars in wasteful spending.

Early Wednesday, investors were already betting that Trump’s win will also be a win for Musk’s major public holding, Tesla, sending shares of his electric vehicle maker up an immediate 13% at the