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Tesla sold 6,892 Model S EVs in Q4, stock jumps in afterhours trading

Quarterly shareholder letters, with accompanying financial results, are an opportunity for companies to crow about their recent progress and instill excitement about future expectations. Tesla Motor's latest such release reveals it's coop is rife with roosters in full song. And for good reason. The California automaker announced today it earned $46 million in 4th quarter of 2013 on a non-GAAP basis – under generally accepted accounting principles (GAAP), which calculates leasing and stock-based employee remuneration differently, it actually lost $16 million – selling 6,892 very lovely Model S electric sedans in the process. Further, it passed its predicted 25 percent gross profit margin on its cars, hitting 25.8 percent on a non-GAAP basis. This means, for the fiscal year of 2013 it sold 22,477 vehicles in total and had over 2.5 billion in (non-GAAP) sales, which includes, of course, supply and development deals with Toyota and Daimler. TSLA has jumped to a record high in the $217 neighborhood. That's pretty durned good, and the stock market would seem to agree. With the financials results dropping just after the NASDAQ's close, the price for TSLA has jump around 12 percent – over $23 as of this writing – to a record high in the $217 neighborhood. Those share price increases aren't just based on past performance, though. The info drop also included plenty of things to indicate the future bodes well. The company expects both sales and production to continue to rise throughout 2014, with a new assembly line expected to help churn out 1,000 cars per week in the 3rd quarter and profit margins projected to hit 28 percent by the end of the year. On the demand side, Tesla's CEO Elon Musk stated during the conference call that he doesn't expect the company to be able to meet the demand that's coming from China. Its new Beijing store is now the company's biggest and busiest and deliveries don't even begin until spring. While European sales are a little slower than anticipated, the exec said he believes it will improve as soon as the company irons out a few technical difficulties that have arisen with charging amongst the different territories there. Apparently, not all power grids operate in exactly the same way. Speaking of reservations for the upcoming Model X SUV, Elon said demand is high. Quote: "If you are going fishing, fish are actually jumping in the boat." That vehicle is only expected to start reaching customers next spring.

Will Audi surprise us with an all-electric SUV?

Audi may be looking to get seriously competitive in the electric vehicle market, according to a report from Reuters. The company has plans prepared for a range of EVs that would compete with the likes of BMW and Tesla. In a market where innovation is seen as valuable, getting on board with electrification could help Audi avoid appearing out of step with the rest of the crowd (and the market), with analysts predicting a sharp uptick in battery-powered cars in the next several years. Building on the E-Tron line, which already includes the A3 E-Tron, Audi will begin offering an electric version of its R8 supercar in Europe next year. According to two confidential sources at Audi, the company also has plans for high-performance electric sedans and SUVs. It appears as though Audi is taking direct aim at Tesla with alternatives to the current Model S and the upcoming Model X SUV. Advantage: Audi? Without getting into too many specifics about such plans, the sources did confirm the existence of blueprints for an Audi Q8 E-Tron. Audi has said that any future electric cars would have a target range of 400 kilometers (about 249 miles), but previous reports suggest that the Q8 E-Tron could have a range of about 370 miles. That could be a serious challenge for Tesla. Advantage: Audi? All the German automakers have electric tricks up their sleeves. BMW has its i line, with the i3 making headway and the i8 expected to sell well. Mercedes-Benz has gotten into the game the B-Class Electric Drive. Also, its parent company Daimler has a stake in Tesla. Now, Audi appears poised to launch its own diverse electric fleet, and the next move might just be an SUV. And while this added competition might seem like tough news for Tesla, the proliferation of EVs, and the growing infrastructure that goes along with it, is more likely a tide that raises all (electric) ships - something that Elon Musk seems to understand very well.

Recharge Wrap-up: Tesla factory loses power, plant genes modified for biofuel

Tesla's Fremont factory was shut down on Friday morning when a crane knocked out power to the facility. No injuries were reported and Tesla didn't say what effect the outage would have on production. Read more from SFGate or from CNBC. Researchers have genetically modified a plant for lower-viscosity seed oil to make biodiesel. With the viscosity of many plant-based oils being too high for use in modern high-pressure conditions required by emissions laws, this breakthrough is promising. Kansas State University scientists have added Euonymous Alatus (burning bush) genes to the Camelina Sativa plant to produce a thinner seed oil more suited for use in biofuels. Camelina grows easily, and since it isn't a food crop, concerns of genetic modifications are minimal. Testing of the oil in fuel could begin next year, after harvesting a large enough supply. Read more from Green Car Reports and from The Topeka Capital-Journal. The EPA's Mobile Vehicle Emissions Simulator (MOVES) could cause problems for higher ethanol blends. According to an editorial from Urban Air Initiative president David VanderGriend, MOVES is biased against ethanol blends, using test fuels that don't reflect the characteristics of real-world consumer fuels. "We must stop the MOVES model from being implemented, or all of the industry's other initiatives will be undermined," says VanderGriend. "States will have their hands tied and will simply not be allowed to approve higher blends." Read the column from Ethanol Producer Magazine. A Citroen C-Zero driver experienced unexpected fees when turning in the car at the end of its lease. The final bill included inspection and transportation fees under the "Damages" section of the report, totaling over GBP300 (about $470). The author has found no mention or documentation of such fees prior to collection, and is contesting the charges. Read more at EV Meerkat, where the author will update readers while Citroen customer service looks into the matter. Featured Gallery Tesla Factory Related Gallery Citroen C-Zero News Source: SFGate, CNBC, Green Car Reports, The Topeka Capital-Journal, Ethanol Producer Magazine, EV MeerkatImage Credit: AP Photo/Paul Sakuma Government/Legal Green Plants/Manufacturing Tesla Citroen Alternative Fuels Biodiesel Ethanol recharge wrapup