allegedly the cumulative total Tesla has raked in since 2009
is almost $9 billion,
source: Company filings, apparently
Tesla Inc. sells regulatory credits, it earns them by making and selling
electric vehicles, then sells the credits to manufacturers whose new-vehicle
fleets exceed emissions limits set by various authorities, including in China,
the European Union and state of California, I have to confess I do not really
understand all of this but here is the thing, Tesla bears little to no
incremental cost earning the credits, so the sales are virtually pure profit! Automakers
including Volkswagen AG and General Motors Co. have fallen short of their EV
goals and delayed or cancelled electric-vehicle manufacturing investments. VW
and GM both have needed help meeting emissions standards in recent years, as
has Honda Motor Co. and Jaguar Land Rover, for the full article have a look
here, hopefully Tesla and other companies have now stopped making amazing amounts of money off of the backs of underage children.
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