Tesla up after CEO Musk named to role leading govt efficiency drive
** Shares of EV maker Tesla TSLA.O rise 2.5% to $336.76 in premarket trading
** U.S. President-elect Donald Trump on Tuesday named TSLA CEO Elon Musk and former Republican presidential candidate Vivek Ramaswamy to co-lead a newly created Department of Government Efficiency
** TSLA stock has jumped nearly 31% since Trump's election victory was declared on Nov. 6
** "In general, Tesla has moved up strong on the back of a Trump win. Musk has been promised role ....giving him influence over U.S. policy on AI, space exploration, and EVs – all of which Musk has a direct interest in via Tesla and other ventures," - Mamta Valechha, consumer discretionary analyst at Quilter Cheviot, said
** "Elon Musk is well-known for having a finger in many pies, it's likely that he will have sharp appetite in his new position for making 'efficiencies' that benefit his business interests," Susannah Streeter, head of money and markets, Hargreaves Lansdown, said
** Up to last close, stock had risen 32.2% YTD
Reporting by Harshita Mary Varghese in Bengaluru
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