Tesla (TSLA) stock is on track to hit a new record on Monday, according to a Bloomberg terminal market analysis.
The company is up more than 1% to $34.65 a share, up from a loss of 4.5% in the last trading session.
It’s the biggest one-day gain since March 30, 2016.
The stock was trading at $31.96 on Friday.
That’s up from $29.82 on Friday and $25.88 on March 25, 2016, the last time Tesla posted a one-year gain.
Tesla’s shares are now trading at a record $33.15 per share.
The stock has more than doubled in value since April.
Tesla shares have been surging since Elon Musk, the founder of the electric car company, announced a plan to build a mass-market electric car.
The plan has seen Musk and other investors bet big on a company that was on track for a big IPO.