Tesla shares are up 6.6% on the day, after hitting new record highs.

The stock gained 12.6%.

The company is expected to report results on Monday that could lift Tesla’s market capitalisation by more than $6bn to $60bn.

The shares rose more than 4% in after-hours trading.

Tesla has already reported a net loss of $1.3bn for the quarter ending March 31, compared with a profit of $3.9bn for a year earlier.

Investors are also likely to see higher profit on their Tesla-related investments.

“I think people are going to look for the next-generation cars to be better in the next few years,” said analyst James Ristevski, of BMO Capital Markets.

“It is going to be a very aggressive year for Tesla.

That’s probably the best way for them to do it.”

Tags: