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Thanks appreciate it!! I'll explain for you what my comment means. Operating income is a measure we use to see how profitable a company is at its core busines

Thanks appreciate it!! I'll explain for you what my comment means. Operating income is a measure we use to see how profitable a company is at its core business after you subtract the costs of running that business. Yes the credits are a small portion of Tesla's income but after account for the costs of building cars what's' left is the operating income. Those credits are about half o that income, without them the operating income( a measure of if the core business works) would be cut in half. That is a significant measure.

bottlepalm 2y ago
Some of the 'cost' of building cars is paid for with money from 'tax credits'. It's very clear on the diagram I linked above. You can't attribute 100% of 'operating income' to one thing. If anything you need to attribute things proportional to their inputs. Otherwise it's misleading. I mean if that's what you want, here you go - https://imgur.com/a/dWrGKuN https://imgur.com/a/dWrGKuN Then you create a strawman scenario of 'without tax credits...'. Well no, without tax credits the spending policies and prices of other revenue streams change in order to hit net income targets.