Broker Check

Interesting Fact (Tesla)

April 28, 2021
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Over the past several years, Tesla has used the strategy of selling regulatory credits to competing automakers who failed to sell the percentage of zero-emission vehicles that 11 different states require. The $3.3 billion from those sales - $1.6 billion in the last year alone – has kept Tesla in the black. Last year, Tesla’s profits were $721 million, meaning they’d have otherwise posted a loss were it not for the credit sales.-CNN, February 1, 2021