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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.

Tesla buys test track adjacent to its factory

Two months ago, Tesla hired Chris Porritt to be the vice president of its vehicle engineering program. Tesla's purchase last week of a 35-acre parcel abutting its factory in Fremont, California will give Porritt, formerly the boss of Aston Martin's Vehicle Engineering team (he's the father of the One-77 supercar), at least a portion of a test track where he can challenge and hone the EVs of the future.
The land was part of a parcel of more than 160 acres that had been owned by the New United Motor Manufacturing, Inc., the former joint venture factory built by General Motors and Toyota. When NUMMI (shown above) closed, the land was bought by Union Pacific Railroad, which sold the lot to Tesla.
While Tesla hasn't laid out its plans, we're guessing they'll eventually expand the track as the factory footprint grows; CEO Elon Musk has said Model S production could equal 800 cars per week by the end of next year. As for Porritt, from his new base in Fremont and with that new test track, he'll oversee further development of the Model S and the birth of the Model X, Roadster successor and the "affordable Tesla" due by 2017.

Recharge Wrap-up: Tesla lane detection video, H2 station locator app

See how well Tesla's Autopilot detects lane markings on a winding road. Tesla Owner and YouTuber KmanAuto puts Autopilot under Firmware version 8.0 to the test in traffic on a curvy road with bright sunlight. The driver is comparing the system's prowess to version 7.0 on the same roads, and doesn't see much of an improvement, despite heavier reliance on radar than cameras. Still, KmanAuto notes, this is not the type of road Autopilot is designed for, but it offers a good comparison between the two versions. While it now works better in some instances, Kman also notes some "regressions." See the video above, and read more at Teslarati. The Renault Zoe EV will take part in the 2016 e-Rallye Monte Carlo. From October 12 through 16, the French automaker will enter four Zoes in the FIA-sanctioned, zero-emissions drive from Fontainebleau, France to Monaco. This marks the third year that the Zoe will compete, and allows the EV to showcase its new battery with improved driving range. Read more from Renault. Industrial gases company Air Liquide has launched an informational website about hydrogen, as well as an H2 infrastructure app. In honor of National Hydrogen and Fuel Cell Day on October 8 (which corresponds to hydrogen's atomic weight of 1.008), the company launched Let's Clear The Air to educate the public about hydrogen as an alternative fuel. Additionally, the "Hydrogen Station Finder" app, launched in collaboration with the California Fuel Cell Partnership, helps FCEV drivers navigate to stations that make up the growing hydrogen fueling infrastructure. Read more from Air Liquide. UPS will add 200 new hybrid electric delivery trucks to its fleet. Like the 125 vehicles UPS previously announced, these new trucks will use the Workhorse E-Gen chassis, and feature a lithium-ion battery pack and two-cylinder BMW range extender that provide 150 miles of range and about 26 mpg. They'll go into service in January 2017 in Arizona, Texas, Nevada, Mississippi, Alabama, Georgia, Florida, and possibly other states. Read more form UPS. Related Gallery Renault ZOE - 2015 ZENN Monte-Carlo Rally News Source: Teslarati, YouTube: KmanAuto, Renault, Air Liquide, UPS, Workhorse Green Tesla Renault Alternative Fuels Technology Autonomous Vehicles Electric Hybrid Hydrogen Cars Videos recharge wrapup