Tesla Inc (TSLA. O) has rallied 39 percent since Trump's election victory on Nov. 5, adding more than $300 billion to its market capitalization. On Monday, Tesla jumped as much as 12 percent. Market professionals point out that Tesla is a classic "momentum" stock whose gains and losses snowball quickly when investor sentiment turns sharply in either direction. "The rally we're seeing is close to absurd mode," said Steve Sosnick, chief strategist at Interactive Brokers. Options traders are betting that Tesla will rise further, with the premium for 3-month calls over puts at its highest level since early 2021 and a slew of contracts expecting prices to rise to $450 and above, putting Tesla shares on track to surpass an intraday all-time high of $414.50. (Jin Ten)