Tesla (TSLA) Gets Double-Dose of Good News

Tesla Motors (Nasdaq: TSLA) met investor expectations with respect to the recent Model S battery fire.

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 refuel system. 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.

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