The electric-car maker Tesla (NASDAQ: TSLA) stock started the new year on a strong bullish note. Tesla’s market valuation once again jumped back above $1 trillion and Tesla CEO Elon Musk fortune increased by $33.8 billion to $304.2 billion.

Tesla shares gained more than 13% on Monday after the company set a record for electric vehicle deliveries in Q4 of 2021. The stock reached a record high of $1243 in November 2021. Tesla’s strong delivery volume in the last quarter came from Model 3 and Model Y vehicles.

The world's most valuable automaker delivered more than 936,000 cars of all models in 2021, an increase of 87% over the previous year. In the fourth quarter alone, the company delivered more than 308,000 vehicles, an increase of 71% from the previous year’s quarter. It was the sixth quarter in a row that the company posted record deliveries.

“In 2021, we delivered over 936,000 vehicles. Thank you to all of our customers, employees, suppliers, shareholders and supporters who helped us achieve a great year,” Tesla said in a statement.

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