Shares of Tesla jumped as much as 8% to an all-time intraday high of $1,087.50 Tuesday after a leaked email from CEO Elon Musk showed optimism that the company could break even in the second quarter.

"Breaking even is looking super tight. Really makes a difference for every car you build and deliver. Please go all out to ensure victory!" Musk wrote in a Monday email to employees . The email was first reported by Electrek.

Tesla is expected to report its second quarter vehicle deliveries sometime this week, ahead of the Fourth of July weekend.

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Tesla's stock price has been on a searing rally this year, hitting multiple all-time highs. On Tuesday, its market capitalization reached roughly $201 billion, putting it closer than ever to the $214 billion market value of Toyota , the highest-valued automaker in the world.

In the first quarter of the year, Tesla reported stronger-than-expected vehicle deliveries and a surprise profit even though it dealt with factory closures in China due to the coronavirus pandemic. Since, its US factory was also shuttered in April due to a local shelter-in-place order.

Tesla resumed production at the US factory in May, defying the local shelter-in-place orders.

Tesla has gained roughly 157% year-to-date .

Screen Shot 2020 06 30 at 2.22.35 PM
Screen Shot 2020 06 30 at 2.22.35 PM
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