Tesla (TSLA) Gets Double-Dose of Good News
The National Highway Traffic Safety Administration (NHTSA) said late Thursday that it found no evidence that the battery fire was the result of a safety defect or noncompliance with vehicle safety standards.
Bloomberg cites an email on the NHTSA response.
In another news bit, California's Air Resources Board (CARB) has delayed a decision on what credits, if any, Tesla will qualify for under its zero-emission vehicle (ZEV) program. CARB is looking into whether or not Tesla's battery-swapping method as a way of repowering its Model S (and, we assume, future vehicles) would qualify for credits under the current
fast refuelsystem. Currently earning seven credits for the method, CARB may cut that down to just four credits. Through the first-half of 2013, Tesla reported about $119 million of sales on such credits, roughly 12 percent of the company's total revenue.
Shares of Tesla are up early Friday morning.