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Tesla's Smooth Road to Glory

Tesla Earnings: Live-Blog Recap

Tesla said that it recorded 6,000 new reservations in the fourth quarter, indicating demand is incredibly strong for the Model S. That's more than double its previous high of 2,900.

Maxim analyst Aaron Chew noted despite the $102 million in cash spent during the quarter, the recent price hike and cost controls could bode well for the stock. "Despite losses and $102m in cash burn, we expect higher utilization and cost controls to yield 25% gross margin and GAAP profitability by 4Q13. With better visibility/confidence in demand, we expect the stock to soon hit new highs," Chew wrote in a note.

In addition to first-quarter guidance, Musk touched on the second quarter. He wouldn't commit to a profit in the second quarter but noted on the conference call he thinks "we'll be profitable in the second quarter and subsequent quarters as well." With Musk being so confident about the rest of 2013, that may bode well for investor optimism in Tesla's ability to execute.

--Written by Chris Ciaccia in New York

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