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Tesla to earn $250 million from sales of California environmental credits

Tesla Motors is expected to release quarterly earnings figures within the next few days, and the Silicon Valley automaker is thought to have attained profitability for the first time ever. As it turns out, a good bit of that profit will reportedly come from the State of California.
According to an article from the LA Times, Tesla, which is reportedly on pace to sell 20,000 vehicles in 2013, receives as much as $35,000 in environmental credits from California for each Model S it sells. These credits can then be sold to other automakers that do business in the state but don't sell zero-emission vehicles of their own. Some experts believe Tesla could earn up to $250 million from such ZEV credits.
While profits from ZEV credits equals good news for Tesla, some experts and rival automakers aren't very pleased with California's strong-arm tactics when it comes to the sales of electric vehicles. "At the end of the day, other carmakers are subsidizing Tesla," said Thilo Koslowski, an analyst at Gartner Inc.

Tesla patents Supercharger that can handle herd of EVs

Tesla Motors is quietly getting ready for an electric-vehicle charging station that could be considered smarter than the drivers using it. The California-based automaker has applied for a number of patents (details here) in which its super-quick Superchargers would be programmable to better manage what Tesla hopes will be a mass influx of thirsty Model S (and Model X and, potentially, Model E) EVs. This company thinks big. Among other things, the patents detail a charging station that has multiple charging ports and that can manage multiple charging stages. It can also do things like redirect power to either whichever car arrives first or, by measuring the batteries' respective states of charge, who needs it the most. Heck, there's even a provision where the system can redirect power according to the drivers' intended departure time, i.e. whomever says they're sticking around the longest gets last charge. If the station could also get drivers to be truthful about such things, that'd be a real accomplishment. Tesla has already had a lot of success with its Supercharger network, which is now expansive enough to exclusively power a cross-country drive. Earlier this month, a couple of Model S vehicles went from Los Angeles to New York City using nothing but Superchargers and pulled off the trip in 76.5 hours (the blog posts are here). We're guessing those EVs may have broken the speed limit here or there, but don't quote us. Featured Gallery Tesla Supercharger News Source: Google via Green Car Reports Green Tesla Technology Emerging Technologies Electric charging station patent supercharger

Aston Martin CEO calls Tesla Model S 'Ludicrous' mode stupid

To be fair, some would say paying as much as a quarter-million dollars for a car in itself qualifies as "ludicrous." But the CEO of Aston Martin, a company that is readying a pricier electric-vehicle competitor to the Tesla Model S, didn't mince words in discussing Tesla's newest gizmo that can propel the sedan from 0 to 60 miles per hour in less than three seconds. In fact, Andy Palmer, Aston's CEO, prefers a slightly more balanced approach. Palmer was quoted in Automotive News as saying that Tesla's Ludicrous Mode was "stupid." He added that he'd rather have an electric vehicle that could last "a few laps of a decent race course" instead of one that does its best imitation of a Dodge Challenger Hellcat. Palmer also took to his Twitter account to note, among other things, that the Aston's "insane mode comes as standard - no button required." Aston Martin said earlier this week that it planned to make a battery-electric variant of its Rapide Sedan. That model will have 800 horsepower as well as a 200-mile single-charge range. The car will also cost between $200,000 and $250,000, or about twice the cost of a top-of-the-line Model S. As for the Tesla, its Ludicrous mode was announced last month for the Model S and it will eventually be added to the Model X for those who are big on flipping SUVs. Tesla said that the feature cuts the sedan's 0-60 mpg time to a tidy 2.8 seconds, though the option does cost about $10,000. Which is probably about the price of an Aston Martin door handle. Featured Gallery 2015 Aston Martin Rapide S View 32 Photos News Source: Automotive News (subs req'd) Green Aston Martin Tesla Electric ludicrous mode