Tesla stock rallied to what would be a new 32-month high closing share price Monday, gaining 3% to extend its post-election rise to 41%.

On Sunday, Stifel analyst Stephen Gengaro raised his Tesla stock price target to $411 from $287. He kept his Buy rating.

Shares of Tesla, Inc. climbed over 3% on Monday morning, reaching a one-week high after bullish notes from two Wall Street analysts. Roth MKM upgraded Tesla to ‘Buy’ from ‘Neutral’ and more than quadrupled its price target to $380 from $85.

Shares of Tesla Inc. were starting December with a gain, as investors cheered the long-awaited update to electric-vehicle giant’s Full Self-Driving software.

An update from a Tesla engineer on Saturday was exciting investors on Monday.Ashok Elluswamy, Tesla’s vice president of AI software, tweeted Saturday night that version 13 of Tesla’s highest-level driver assistance software called Full Self-Driving began rolling out to customers.

Tesla (NASDAQ:TSLA) stock has been one of the hottest stocks since Donald Trump won the presidential election earlier this month. Now up nearly 38% since election day, TSLA shares are starting to get closer to the heights not seen since the start of 2022.