9/3/24

As an EV seller, as of last year, Gov. Gavin Newsom’s office reports that Tesla has received an estimated value of tax credits worth almost $2.5 billion. Tesla’s latest results showed that more than half of its second-quarter profit, a record $890 million, was attributed to the sale of regulatory credits to rival automakers that use them to meet emission rules. That money, taxpayer money, is essentially pure profit to Tesla.