Tesla should take advantage of its stock’s post-election surge to raise capital by selling shares, a Jefferies analyst says.

After a dramatic bull run following the election of Donald Trump last week, Tesla ( TSLA -6.15%) shares are finally cooling off today, pulling back in line with a broader sell-off as the S&P 500 is headed for its first decline since the election.

Tesla shares fell as much as 7% Tuesday, retreating from their earlier gains as a face of the “Trump trade.” Tesla, recently down about 6.3% on the day, was one of the S&P 500’s biggest gaine