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Yes, but that's only $397M on $7.6B automotive revenue, and down 8% from the previous quarter. I take this as a good sign. The carbon credits will slowly reduc
by pedalpete 6y ago
Yes, but that's only $397M on $7.6B automotive revenue, and down 8% from the previous quarter.
I take this as a good sign. The carbon credits will slowly reduce as other auto manufacturers introduce more electric vehicles, as long as Tesla's growth out paces that reduction. Based on current numbers, they reduced carbon credit sales by 8% while increasing automobile sales revenue by 45% (can somebody check my numbers).
For the long game, that seems fine to me. Good in fact.