Tesla made $1.8 billion last year from a side hustle

  • Tesla made $1.8 billion last year from a side hustle

    Posted by Gatherer  on February 12, 2024 at 8:26 AM

    Tesla CEO Elon Musk.

    Tesla made $1.79 billion selling regulatory credits last year.The firm sells them to automakers who haven’t produced enough EVs to meet emission regulations.Tesla has made $9 billion from the practice since 2009, per Bloomberg.

    Elon Musk’s Tesla raked in $1.79 billion in regulatory credit sales last year, according to a recent SEC filing, as it cashed in on rivals failing to sell enough EVs to meet emission regulations. 

    Tesla earns regulatory credits by making and selling electric vehicles. It can then sell them to other automakers who have not produced enough EVs to meet emission rules imposed

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    Gatherer  replied 2 weeks, 3 days ago 1 Member · 0 Replies
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