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Elon Musk: Going All In on Tesla

Tesla raised 2013 guidance based off the demand it's seeing, saying it will now deliver 21,000 vehicles this year. That's up from a previous projection of 20,000 units.

The level of positive press and announcements Tesla has received over the past few weeks has been nothing short of astounding. From Musk's tweets, to a revamped financing program, to a Wall Street analyst calling the company America's fourth automaker, to Musk buying additional stock, Tesla is enjoying more than its fair share of positive momentum.

The short-squeeze in the stock will eventually end and the company will begin to trade more on the improving fundamentals than the eight days to cover short positions. Musk's increased confidence in the company signals to shareholders the fundamentals are likely to keep improving.

-- Written by Chris Ciaccia in San Francisco

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