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Tesla Motors derives most income from regulatory credits
Posted on: February 1, 2021 at 11:06:51 CT
TigerMatt STL
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This is how screwed up government is.
https://www.cnn.com/2021/01/31/investing/tesla-profitability/index.html
"Eleven states require automakers sell a certain percentage of zero-emissions vehicles by 2025. If they can't, the automakers have to buy regulatory credits from another automaker that meets those requirements -- such as Tesla, which exclusively sells electric cars.
It's a lucrative business for Tesla -- bringing in $3.3 billion over the course of the last five years, nearly half of that in 2020 alone. The $1.6 billion in regulatory credits it received last year far outweighed Tesla's net income of $721 million -- meaning Tesla would have otherwise posted a net loss in 2020.
https://www.cnn.com/2021/01/31/investing/tesla-profitability/index.html
"Eleven states require automakers sell a certain percentage of zero-emissions vehicles by 2025. If they can't, the automakers have to buy regulatory credits from another automaker that meets those requirements -- such as Tesla, which exclusively sells electric cars.
It's a lucrative business for Tesla -- bringing in $3.3 billion over the course of the last five years, nearly half of that in 2020 alone. The $1.6 billion in regulatory credits it received last year far outweighed Tesla's net income of $721 million -- meaning Tesla would have otherwise posted a net loss in 2020.
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Tesla Motors derives most income from regulatory credits - TigerMatt STL - 2/1 11:06:51
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