Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: dangus
These same preachers of stupidity warned gullible conservatives for years and years how Tesla could never make money, and was losing billions. Tesla is now worth ten times more than Ford and GM combined.

Tesla doesn't make money from selling the EVs it manufacturers. Tesla makes money from selling (to other OEMs, who need them for purposes of regulatory compliance) the GHG tailpipe "credits" it generates from those EVs it does sell. This GHG "credit" system was a regulatory invention of the Obama EPA. It is not even something that Congress established. This credit program is supposedly due to "sunset" in the out years. We'll see how well Tesla is doing if and when that day comes.

Tesla has yet to demonstrate that it can actually turn a profit solely from selling EVs.

11 posted on 08/03/2023 12:17:43 PM PDT by DSH
[ Post Reply | Private Reply | To 5 | View Replies ]


To: DSH

>> Tesla has yet to demonstrate that it can actually turn a profit solely from selling EVs. <<

This talking point expired a long time ago. 2022 Profit was 81 billion, of which $0.5 billion came from regulatory credits.


14 posted on 08/03/2023 12:22:27 PM PDT by dangus
[ Post Reply | Private Reply | To 11 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson