Tesla (NASDAQ: TSLA) stock raced ahead by 7% through 10 a.m. ET Monday after Bloomberg reported that the incoming Trump administration wants to enact "a federal framework for fully self-driving vehicles.

"Robotaxis account for 44% of [Tesla's] valuation," explains Narayan, later continuing: "FSD accounts for another 33% of our valuation and we see private AVs becoming living rooms, bedrooms and offices on wheels. These will also be purpose-built vehicles."

Elon Musk was a central figure in the business world pushing for Trump's return to the White House in the lead-up to this month's elections.

Shares of the electric-vehicle maker have moved an average of 6%, up or down, each day since the Nov. 5 election.