CNBC Jim CramerMonday’s amazement at the strength of In was expressed Monday Tesla‘s stock — up about 50% in the past month and roughly 200% in the past 12 months.

Cramer stated that Tesla was a phenomena we must talk about. “Squawk on the Street,”Before the Wall Street opening bell. “I’ve never witnessed a stock rise endlessly on anything.”

Premarket trades for Tesla shares were up by about 2% at the time Cramer made his remarks.

The stock picked up steam during regular trading, gaining roughly 5.5% around midday ET in New York — setting a new all-time intraday high above $1,177 per share for a market value over $1.18 trillion.

Tesla stock has seen a dramatic rise in recent weeks, after it began October trading under $800 per shares. The stock closed Friday at 28.67%, compared to $865.80 Oct. 20 when it was trading below $800 per share. reported record quarterly revenue and profitThe closing bell will be rung that night.

Tesla also had another catalyst a week earlier, when Hertz announced that it’s ordering 100,000 vehiclesTesla plans to expand its rental fleet of electric cars by the end 2020. Tesla shares on that date, October 25, spiked 12.66% aloneThe company now has a market capitalization of $1 trillion.

Morgan StanleyAdam Jonas, an auto analyst, also released a positive note regarding Tesla on Oct. 25, which is likely to help sentiment.

Tesla is without a doubt the most important automaker in the entire world.

The stock of the company has been an important battleground for Wall Street over the years as it is one of the most bet-against names or shorted.

Bearish investors think Tesla is far too dependent on fundamentals, and that it is way overvalued. Bulls, however, believe Tesla can still be a leader in this category which will continue growing in size in the coming years.

Cramer turned positive on TeslaIt was about two years ago that he began to hold a constructive perspective on the matter. Elon MuskCramer is an entrepreneur-led company. Cramer also is bullishOn FordFord invests heavily to transition its legacy cars into electric vehicles. Cramer announced Monday, “Ford has made a significant move.” Cramer said Monday that Ford had had an extraordinary quarter. They created a dividend.

The following Thursday was the “Mad Money”The host stated that Ford CEO Jim Farley has been “ready to bury Musk.”

Jim Cramer Charitable Trust has Ford shares. Sign up here for the new CNBC Investing Club newsletter to follow Cramer’s every move in the market, delivered directly in your inbox.