Tesla Motors continues to ride a wave of good news as it will join the Nasdaq 100, which is a listing of the 100 largest nonfinancial companies on the exchange, on July 15.
The electric vehicle maker is replacing Oracle on the list. The computer technology giant is moving to the New York Stock Exchange.
Tesla's market cap is currently north of $12.7 billion.
(Read More: New Chargers Will Be Blackout-Proof, Says Tesla's Musk)
Tesla's stock price has been up as much as 264 percent this year, well ahead of the list's current leader, Netflix, which has gained 166 percent since the beginning of the year. In midday trading Wednesday Tesla stock was down $1.17 at $122.28. It began the year at $35.36. (For the latest stock price click here.)