Tesla makes its money selling REGULATORY CREDITS, not cars

T

Text Drivers are Killers

Joe Biden - "Time to put Trump in the bullseye."
Tesla is a scam and musk is a con-man. Behind every great fortune, there is a crime.

https://www.cnn.com/2021/01/31/investing/tesla-profitability/index.html

feb 1 2021 New York (CNN Business)Tesla posted its first full year of net income in 2020 -- but not because of sales to its customers.

Eleven states require automakers sell a certain percentage of zero-emissions vehicles by 2025. If they can't, the automakers have to buy regulatory credits from another automaker that meets those requirements -- such as Tesla, which exclusively sells electric cars.

It's a lucrative business for Tesla -- bringing in $3.3 billion over the course of the last five years, nearly half of that in 2020 alone. The $1.6 billion in regulatory credits it received last year far outweighed Tesla's net income of $721 million -- meaning Tesla would have otherwise posted a net loss in 2020.

"These guys are losing money selling cars. They're making money selling credits. And the credits are going away," said Gordon Johnson of GLJ Research and one of the biggest bears on Tesla (TSLA) shares.
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Indeed. Without government regulation, mandates, incentives and rebates, I doubt EVs (or any so-called "green" tech) would be viable.
 
Legion said:
Indeed. Without government regulation, mandates, incentives and rebates, I doubt EVs (or any so-called "green" tech) would be viable.
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They absolutely would not be viable. Norway, where the geography and size of the country are favorable to EV's, where the government places huge subsidies on their purchase, still can't get them into majority use there. There are just too many limitations on EV's to make them desirable for the majority of vehicle users.
 
If musk is a legitimate engineer then affirmative action baby Neil degrasse tyson is a legit astrophysicist and AA baby ben carson is a legit neurosurgeon.
 
T. A. Gardner said:
They absolutely would not be viable. Norway, where the geography and size of the country are favorable to EV's, where the government places huge subsidies on their purchase, still can't get them into majority use there. There are just too many limitations on EV's to make them desirable for the majority of vehicle users.
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Nobody seems to know where the electricity to run 100% EVs is going to come from.
 
I honestly don't know much about Tesla.
It's pretty obvious, though, that TDAK doesn't like cars very much.

I've got a 1962 Corvette restomod, and if fossil motor fuel is no longer available while I'm still around, I'll just keep it and remember how much fun I had.
The internal combustion engine was invented in the 19th Century.
It's not unreasonable to believe that it's time to move on.
 
T. A. Gardner said:
They absolutely would not be viable. Norway, where the geography and size of the country are favorable to EV's, where the government places huge subsidies on their purchase, still can't get them into majority use there. There are just too many limitations on EV's to make them desirable for the majority of vehicle users.
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It must be bad if even CNN has noticed that Tesla is a Ponzi scheme! Musk has never made a profit from his cars and I doubt that he ever will.
 
NiftyNiblick said:
I honestly don't know much about Tesla.
It's pretty obvious, though, that TDAK doesn't like cars very much.

I've got a 1962 Corvette restomod, and if fossil motor fuel is no longer available while I'm still around, I'll just keep it and remember how much fun I had.
The internal combustion engine was invented in the 19th Century.
It's not unreasonable to believe that it's time to move on.
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You don't know anything about Tesla but thought that you'd post a load of old malarkey anyway.
 
NiftyNiblick said:
I honestly don't know much about Tesla.
It's pretty obvious, though, that TDAK doesn't like cars very much.

I've got a 1962 Corvette restomod, and if fossil motor fuel is no longer available while I'm still around, I'll just keep it and remember how much fun I had.
The internal combustion engine was invented in the 19th Century.
It's not unreasonable to believe that it's time to move on.
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I've owned a car or truck all my adult life, you puta. I like them - the problem is other drivers. The ICE is a very complicated machine. EVs are much simpler and if they take over that's fine with me.
 
ShiftyDicklick said:
I've got a 1962 Corvette.

iu
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:rofl2:
 
Text Drivers are Killers said:
It comes from burning coal and oil.
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Not all of it, and not oil, for the most part. Very little oil is burned to generate electricity in America,

Most electricity in the US is generated by burning natural gas, which is a by-product of petroleum extraction.

Naturally, the Red greens who control the Alzheimer's-addled usurper in the Oval Office have frozen new leases for fracking and drilling for oil on public lands and shut down the Keystone XL pipeline.

They also plan to force manufacturers to produce vehicles that our power grid is unable to support while raising taxes on gasoline drastically.

Fossil fuels are the largest sources of energy for electricity generation, natural gas is the largest source—about 38%—of U.S. electricity generation.

Coal is the second-largest energy source for U.S. electricity generation—about 23%. A few coal-fired power plants convert coal to a gas to generate electricity.

Nuclear energy is the source of about 20% of U.S. electricity generation.

So-called "renewable energy sources" are the source of about 17% of total U.S. electricity generation.


https://www.eia.gov/energyexplained/electricity/electricity-in-the-us.php
 
Primavera said:
It must be bad if even CNN has noticed that Tesla is a Ponzi scheme! Musk has never made a profit from his cars and I doubt that he ever will.
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Fun fact: the cost to replace a Tesla battery is astronomical. It may exceed the value of the vehicle in many cases. So much for sustainability.
 
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