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Tesla can't compete on established legacy automaker because they don't sell enough cars to compete. They sell more carbon credit than cars. They will soon run
by ezconnect 6y ago
Tesla can't compete on established legacy automaker because they don't sell enough cars to compete. They sell more carbon credit than cars. They will soon run out of money for research and development if they can't supply the market with cars.
- brianwawok 6y agoTesla was (just) profitable last quarter if they sold no carbon credits. Perhaps worth a look at more recent financials? 6 billion in cars, 428 million in carbon credits last quarter. Source: https://www.cnbc.com/2020/07/23/teslas-sale-of-environmental-credits-help-drive-to-profitability.html https://www.cnbc.com/2020/07/23/teslas-sale-of-environmental...
- ezconnect 6y agoI read their last financial statement. My only interest on them is how they and other company do financial engineering.