5 ms·
How are Tesla subsidized by the government?
by grecy 2y ago
How are Tesla subsidized by the government?
- acdha 2y agoYou know that $7,500 tax credit people got for buying their products? That’s the most obvious one but the bigger one is the carbon regulatory credits: governments require other car manufacturers to buy credits to offset their high-pollution vehicles, and since Tesla doesn’t make any of those they can sell something like half a billion dollars of them per quarter as pure profit. This has been most of their profitability in some quarters.
- grecy 2y ago> You know that $7,500 tax credit people got for buying their products? That’s the most obvious one The same tax credit applies to qualifying vehicles bought from any automaker. This has nothing to do with Tesla. > the bigger one is the carbon regulatory credits Again, every qualifying automaker can do exactly the same thing.