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The entire article seems to be theory with a clickbait headline.
by umeshunni 7y ago
The entire article seems to be theory with a clickbait headline.
- bdcravens 7y agoAccording to the article, the purchasing of credits isn't a theory. There seem to be plenty of factual statements. "General Motors Co. and Fiat Chrysler Automobiles NV disclosed to the state of Delaware earlier this year that they reached agreements to buy federal greenhouse gas credits from Tesla. While the filings are light on detail, they haven’t been reported on previously. They also represent the first acknowledgments from carmakers that they’re turning to Tesla for help to comply with intensifying U.S. environmental regulations." "GM’s agreement to buy greenhouse gas credits was dated Feb. 25 and reported to Delaware the following day. Pat Morrissey, a GM spokesman, said the company is buying the credits as insurance against “future regulatory uncertainties.”" "Tesla has generated almost $2 billion in revenue from selling regulatory credits since 2010. " "During a call with prospective investors in Tesla’s offerings of new equity and convertible bonds earlier this month, Chief Financial Officer Zachary Kirkhorn said credit sales will be a more meaningful part of Tesla’s business in the coming years."