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Operating margin is 11%. It’s the first time Tesla has been GAAP profitable without regulatory credit sales (pollution credits that delay other automakers’ EV
by new_realist 5y ago
Operating margin is 11%. It’s the first time Tesla has been GAAP profitable without regulatory credit sales (pollution credits that delay other automakers’ EV programs) included, which is significant. They never should have sold a single pollution credit; that’s a violation of their supposed mission statement. Every Tesla you buy allows a big polluting gas guzzler to be sold elsewhere, so there’s no environmental benefit.
- rcMgD2BwE72F 5y ago>They never should have sold a single pollution credit; that’s a violation of their supposed mission statement. Every Tesla you buy allows a big polluting gas guzzler to be sold elsewhere, so there’s no environmental benefit. These credits allowed Tesla to build the factories that are now pumping out EVs. If they had not sold these credits, the other manufacturers would sold less ICE, and without a successful EV markers to convince politicians that EV are viable, ICE makers would have proved to regulators that penalties are killing jobs and hurting the economy... for nothing. Credits would have been canceled and we would have more big polluting gas guzzlers around a handful of aging Tesla roadsters for billionaires.
- xeromal 5y agoHard to perform the mission if you go out of business.