With Tesla set to release its latest quarterly earnings report, Wall Street thinks the stock can keep rising on a "golden age" for automation and AI.

Meta Platforms, Tesla and most other U.S. stocks are rising Thursday following a rush of profit reports from some of the country’s most influential companies.

Tesla stock fell more than 2% after trading closed Wednesday, but rose back up after the report, despite the lower-than-expected results. Shares are still up more than 50% since Donald Trump was elected president as investors expect Musk's advisory role in the new administration will help the company.

President Donald Trump's decision to impose tariffs on goods from China and Canada has significantly affected the market. According to CNBC, Tesla and Apple have reported stock value declines of 5 and 3 per cent,