TacoMac
Well-Known Member
You do understand that's very, very bad for Tesla, don't you?GM and Fiat Chrysler Unmasked as Tesla's Secret Source of Cash.....
Tesla’s Haul
Tesla has generated almost $2 billion in revenue from selling regulatory credits since 2010. Its home state of California has a mandate that requires carmakers to sell zero-emissionvehicles, or ZEVs, in proportion to their share of the state’s auto market, which is the largest in the country.
If manufacturers don’t sell enough non-polluting vehicles, they have to purchase credits from competitors like Tesla to make up the difference. A similar credit system is administered at the federal level by the EPA and National Highway Traffic Safety Administration.
In addition to reporting $216 million in first-quarter revenue from the sale of regulatory credits, the carmaker disclosed in an April filing that it had booked $140 million in deferred revenue related to credit sales.
It’s unclear from the filing whether that revenue relates to the U.S. agreements that Tesla reached with GM and Fiat Chrysler, or the EU deal with Fiat Chrysler. Tesla hasn’t reported deferred revenue of credits in past quarterly or annual financial filings.
https://www.bloomberg.com/news/articles/2019-06-03/tesla-s-secret-source-of-cash-unmasked-as-gm-and-fiat-chrysler
Elon Musk playing chess, while other car makers playing checkers...
When it comes to light that nearly 20% of your income is coming from selling carbon credits, not cars and solar systems, that is NOT GOOD.
What's more, when you have more bad reviews on your service and cars than good, that's not good either:
And of course you have a lousy record at the Better Business Bureau:
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