The stock is up over 60% in the past five days and is up over 183% in the past year.
Tesla shares extended gains to a fresh record high Tuesday, following its biggest single-session advance in six years Monday.
TheStreet's Martin Baccardax noted that Tesla is closing in on Toyota Motor Co. (TM) - Get Report for the title of the world's most valuable carmaker.
Monday's move, which added $23 billion in value for Tesla shareholders, was largely pegged to earlier-than-expected profitability at Panasonic Corp. which makes batteries for the clean-energy carmaker at a jointly-owned plant in Nevada, and a pair of analysts upgrades that had retail investors pouring into the stock. Panasonic, it should be noted, also has a joint venture with Toyota that will launch in April.
Jim Cramer weighs in with his thoughts on Tesla.
Watch the full video above for more.
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