Tesla stock rallied to a new 32-month high closing share price Monday, gaining 3% to extend its post-election rise to 42%.

Tesla shares advanced to their highest level in two-and-a-half years as two analysts wrote optimistic opinions about the EV maker's future.

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

Tesla (NASDAQ: TSLA) stock is up 47% since Donald Trump's Election Day victory on Nov. 5. It isn't necessarily because investors think the company is about to sell more electric vehicles (EVs) -- in fact, its EV deliveries are on track to shrink in 2024 for the first time since it launched the Model S in 2011.

December with a gain, as investors cheered the long-awaited update to electric-vehicle giant’s Full Self-Driving software. The “significant” potential from Tesla’s artificial intelligence-based FSD offering,

Tesla is on a 37% tear since Donald Trump's election win, as investors speculate that self-driving is coming soon, with the Trump administration easing the regulatory path for autonomous vehicles. Stifel on Monday hiked its Tesla stock price target to 411,