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Additionally, in 2013 about 12% of Tesla's revenue came from emissions credits rather than selling cars. That's going to do funny things to marginal profit num
by jbellis 12y ago
Additionally, in 2013 about 12% of Tesla's revenue came from emissions credits rather than selling cars. That's going to do funny things to marginal profit numbers per car.
- matthewaustin 12y agoThe 25% number for Tesla is from the most recent quarter, where they received no revenue from selling emissions credits. Their profitability has actually increased quarter to quarter even as their emission credit sales have dropped to zero.
- GeneralMayhem 12y agoI don't know why this gets trotted out as a knock on them. The whole point of emissions credits existing is to even out the failure of the market to assign cost to polluters. If Tesla is doing better relative to other manufacturers after adjusting for externalities, then it's doing better. The others were only winning by abusing an unenforced "rule" of the market that has now been closed.