Tesla ( TSLA 7.36%) stock investors received an early Christmas gift from Hyundai ( HYMTF -5.25%) this morning: at least 112,000 new potential customers for its Supercharger electric car charging system. Tesla stock is up 4.5% through 10:45 a.m. ET on the news.

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Tesla stock fell while the market rallied on Friday, which makes Monday’s rally a relief for investors watching the stock after its recent rally. “To me, [Tesla stock] was wildly overbought and long hedge funds needed a reason to take some profits,

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.

Tesla stock fell while the market rallied on Friday. That makes Monday an interesting test of the stock’s recent rally. Shares of the electric-vehicle maker dropped 3.5% on Friday, closing at $421.06.