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and that's why it is a historical account

• belltaco 4y ago
  The linked tweet is: >Thread time. Here's the thing about @tesla It's not a car company. Tesla is a company that has to make cars in order to sell its real product: Emissions Credits. It uses 'is' not 'was', in three different places. In English that means they're claiming it's currently the case, not a historical account like you're mistakenly thinking. What makes you think it's a historical account?
  • icapulet2 4y ago
    Because Tomlinson starts out by talking about 2012?? The company got to where they were on the basis of regulatory credit exchanges for the majority of its relatively long history. It is no longer some startup darling, mind you, it's got years on it comparatively: https://www.businessadministrationinformation.com/news/the-typical-lifespan-of-a-business-according-to-science https://www.businessadministrationinformation.com/news/the-t... If another 10 years pass where credits do not significantly contribute to its profits, then we can make a case for a fundamental change. Also, take a look at what happened in 2020: https://news.bloombergtax.com/financial-accounting/sec-pushes-tesla-to-reveal-how-regulatory-credits-boost-profits https://news.bloombergtax.com/financial-accounting/sec-pushe... And their significance in 2021 as well: https://news.bloombergtax.com/financial-accounting/sec-pushes-tesla-to-reveal-how-regulatory-credits-boost-profits https://news.bloombergtax.com/financial-accounting/sec-pushe...
    • ALittleLight 4y ago
      You are comparing the revenue from the credits to the profits (or that's what the Bloomberg links you are giving do). That's specious. The credits aren't given to Tesla for free, they earn them by building and selling the cars. The credits are now and have been a small part of revenue.
• ALittleLight 4y ago
  It's also wrong historically.