The delay is all in compiling exs files. It uses Kernel.ParallelCompiler to compile every .exs file, so it's very CPU/core dependent. On my weaker laptop, `mix test` takes nearly 10 seconds to just start.
I've looked into this in more details in the past. We've had success just writing our own test runner and avoiding exs files. But re-implementing things like running tests based on line number, or integrating with external tools (like excoveralls) has been a dealbreaker.
Unfortunately, it is a bit too large (and too late) for v1.12, but if loading times have been problematic for you, it would be awesome if you could try master out and let us know in the issues tracker (or in the commit) if you see any improvements.
Are you sure that you're not including application startup in that 10 second measurement? I've seen code bases where horde or some other clustering was enabled in the test env and causing a ~5 second delay on application startup.