Elon Musk’s relationship with President-elect Donald Trump turned out to be an incredible hedge for shares of Musk’s electric-vehicle company Tesla.

Tesla (TSLA) stock has been skyrocketing since former President Donald Trump defeated Vice President Kamala Harris to become the next president of the United States.

Shares of Tesla soaring after an election that will send Donald Trump back to the White House, an outcome that has been strongly backed by CEO Elon Musk in the closing months of the race