Tesla's shares were the S&P 500's top gainers Tuesday as the Magnificent Seven big tech stocks rose on Christmas Eve.

However, since then, the stock has been on fire. The company first impressed investors with its third-quarter earnings report, which showed strong profit growth, and CEO Elon Musk predicted that vehicle production would increase by 20% to 30% in 2025, a significant improvement from flat growth in 2024.

YieldMax TSLA Option Income Strategy ETF has to mechanically sell a lot of calls every month. Find out why TSLY is a Hold.

Shares of Tesla Inc. advanced 7.36% to $462.28 Tuesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 1.35% to 20,031.13 and the Dow Jones Industrial Average rising 0.

Tesla (NASDAQ: TSLA) stock investors received an early Christmas gift from Hyundai (OTC: HYMTF) this morning: at least 112,000 new potential customers for its Supercharger electric car charging system.