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Stock impact report

Tesla Fiat Agreement: Big Windfall Vs Big Disappointment [Seeking Alpha]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: Seeking Alpha
SummaryThe Tesla / Fiat Pool Agreement to help Fiat avoid EU CO2 fines is a major wild card in Tesla’s finances.In April 2019, the Financial Times reported a deal at 1.7 billion euros for Tesla in 2020. Tesla investors were euphoric.Many factors, including Coronavirus, make it impossible to know the 2020 value of the deal, but it is extremely unlikely to be the savior to Tesla’s finances that was predicted.Factors that will reduce Tesla sales in Europe will also reduce the Fiat payments, so Fiat will not be a countervailing force.In April 2019 Tesla and Fiat inked a deal to pool their fleet numbers to help Fiat comply with European Community CO2 emission standards. These standards have become increasingly stringent, and Fiat faced severe fines in 2020. Adding Tesla’s BEVs to Fiat’s pool would reduce average emissions and fines. In return, Fiat would compensate Tesla.Details of the agreement have not been published. Many factors are involved and the strength of these cannot be assessed Show less Read more
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