Well you'd think that, in a normal world, where things are rational. Did you know that the ICE manufacturers were being punished, to the tune of billions in carbon taxes? It's one reason I believe that the big players started their EV programs. Another is simple marketing, their image as innovative EV developers did wonders for sales of all vehicles and especially stock prices. Very much like what we saw in the 1990's where companies rebranded themselves .com even thought they had little or nothing to do with internet sales. It saw their stock prices soar as people believed they were innovative companies joining the "New" wave, the transition to IT.That being said, I still believe that auto companies don't sink billions of dollars into a technology which works and then throws it away...
2 or 3 billion in R&D is nothing for a big mob like Ford or BMW, VW. A tax write-off that gave them greenie points. Here, not a commonly known fact
Tesla’s Carbon Credit Revenue Soars to $2.76 Billion Amid Profit Drop
January 30, 2025 Tesla’s profits took a hit in 2024, dropping 23%. But one revenue stream kept surging—carbon credit sales. The carmaker reached a new record in selling regulatory credits, recording a 54% jump from 2023. As the EV market evolves and emissions rules tighten, can Tesla keep profiting from carbon credits? Many analysts once predicted that Tesla’s carbon credit windfall would shrink as other automakers ramped up EV production. In 2020, then-CFO Zachary Kirkhorn warned investors against relying too heavily on regulatory credit revenue... ttps://carboncredits.com/teslas-carbon-credit-revenue-soars-to-2-76-billion-amid-profit-drop/It's a convoluted system where Tesla earns credits for being green and sells them to non-green manufacturers for a huge profit. If the ICE makers can't show they have credits they get heavy penalties. It's all part of a scheme to force BB, into an EV
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