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this headline is false, from the article: > A truly wild amount of Tesla’s second-quarter profit – over half of it, in fact – was attributed to the sale of th
by autokad 2y ago
this headline is false, from the article:
> A truly wild amount of Tesla’s second-quarter profit – over half of it, in fact – was attributed to the sale of these credits to rival automakers that use them to meet emissions rules, the Wall Street Journal reports. Sure, the money – which is pure profit – isn’t technically a subsidy, but Tesla is still very much benefitting from government programs that are aimed at aiding the development of electric vehicles.
correct me if I am wrong, but there is a difference between tax payer money going for something then a company purchasing credits from another company to meet regulatory standards
- bwanab 2y agoYou are correct. This headline seems to be purposefully obfuscating the difference. That Tesla is benefitting from these programs is more an indictment of the companies that are paying the money than of Tesla itself and that's where the opprobrium should go.
- imglorp 2y agoThis might be difficult to quantify but it feels like Jalopnik has always had a negative editorial slant around EVs. I suspect this is all the legacy ad dollars at work. Does anyone else feel this?