Tesla’s stock is rallying as investors cheer a return of Elon Musk as a full-time CEO, and is fast approaching a key chart level that if cleared could target a return to record levels.

Tesla stock rose Thursday. Elon Musk and trade were driving shares higher. Shares of the electric-vehicle maker added 0.4%, closing at $358.43, while the S&P 500 and Dow Jones Industrial Average rose 0.

The top five companies -- Apple, Microsoft, Nvidia, Amazon, and Alphabet -- currently have a collective market value of $14 trillion, and Tesla is worth about $1 trillion. So, Musk's prediction currently implies 1,300% upside as the company leans into major opportunities in autonomous driving and robotics products.