I have been doing a little light reading - the 2013 Tesla 10-K report . Personally, I am pretty excited by the development of Tesla's Gen III, which Tesla's intends to produce in about three years coinciding with the end of my Spark EV lease. Who knows if that will be the next EV for me but it is a promising sign of the variety of choice that will exist in three years.
I am reading Tesla's report because of my ongoing interest in their sale of regulatory credits. These are the credits that Tesla, and others, sell to car manufacturers that don't meet California's Zero-Emission Vehicle Regulation. In 2013, Tesla recognized $129.8 million in revenue from the sale of these ZEV regulatory credits. This is an astounding increase from 2012 sales of $32.4 million in ZEV credits, which itself was an increase from $2.7 million. These are year-over-year increases of 301% and 1100% for 2013 and 2012, respectively. On the other hand, the revenue associated with ZEV credits has decreased as a the percentage of total revenue, 7.8% in 2012 and 6.5% in 2013. So, while sales of ZEV credits have increased, sales of Teslas have increased even more (precisely $1.60 billion from 2012 to 2013 or 386%). Tesla's 10-k notes that they don't intend to rely upon the sales of ZEV credits as part of their business plan. On the flip side, the report notes repeatedly that the credits have no associated costs. So, it is a fascinating read to anyone interested in the future of electric vehicles.
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