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Supra successor may be all-electric sourced from Tesla; MR2 returning too?

Rumors of a revival of the Toyota Supra and MR2 have been swirling for years right up until just this week when high-level Toyota employees all but confirmed their return.
But now The Detroit Bureau has put together news from different sources suggesting that the next Supra might be all electric. The report cites recent comments from Toyota senior executives hinting at plans to work with Tesla on a new joint project. The FT-HS Concept (shown above) seems a logical inspiration for a new Supra.
And on the other side of the equation is Tesla's design chief Franz von Holzhausen who was quoted last year saying his company was looking at its next project, probably a sports car, that would follow next year's intro of the Model X. He went on to suggest the car would compete directly with BMW's 3 Series, which, in coupe form, could be a worthy competitor to a Supra as well.

Tesla's Musk could build flying or submersible car

You sometimes get the impression that Tesla CEO Elon Musk says wild things just to gauge people's reactions. You have to be crazy to think that the Hyperloop is ever going to happen. Train travel is barely accepted in much of the country. Recently, he boasted in an interview with Britain's The Independent newspaper that he could build a flying car and a submersible one. If he's to be believed this time, one of them might actually happen.
"We could definitely make a flying car - but that's not the hard part. The hard part is, how do you make a flying car that's super safe and quiet? Because if it's a howler, you're going to make people very unhappy," said Musk to the newspaper. Obviously, the flying car has been an automotive dream for decades, but it has always been so disappointing. Even the long-delayed Terrafugia Transition needs a runway to takeoff and can't just pop in an out of traffic like we all want.
While the flying car likely remains a pipe dream, Musk seems much more serious about the prospects of a vehicle that can go underwater. He told The Independent: "We will be making a submarine car. It can transition from being a submarine to a car that drives up on the beach. Maybe we'll make two or three, but it wouldn't be more than that." The man does have some experience in this area. He bought the submersible Lotus Esprit last year from the James Bond film The Spy Who Loved Me, and planned to install a Tesla Model S powertrain in it. Now, let's see if either of these big ideas ever comes to fruition.

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.