Shares of Destiny Tech100 Inc (DXYZ), a leading player in the autonomous driving technology space, surged 7.85% in pre-market trading on Thursday. The rally came amid heightened investor interest in the electric vehicle (EV) and related sectors, fueled by Elon Musk's deepening involvement in the Trump administration.

Musk, the CEO of Tesla and SpaceX, has emerged as a key advisor to President Donald Trump, playing a pivotal role in shaping policies related to emerging technologies like EVs and self-driving cars. Recent developments, such as the State Department's plan to procure Tesla Cybertrucks and Musk's attendance at White House meetings, have further solidified his influence within the administration.

Analysts believe that Musk's close ties to the government could facilitate favorable regulations and initiatives that would accelerate the adoption of EVs and autonomous driving solutions. This, in turn, could provide a significant tailwind for companies like Destiny Tech100, which specializes in developing cutting-edge autonomous driving systems.