Is Tesla Counting On A Billion Dollar Regulatory Credit Bonanza? [Seeking Alpha]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Seeking Alpha
Is Tesla Counting On A Billion Dollar Regulatory Credit Bonanza?SummaryTesla’s primary business of manufacturing and selling electric vehicles, or EVs, generates two classes of tradable regulatory credits that it sells to other automakers.Under rules promulgated by the EPA, automakers must meet Federal greenhouse gas emissions standards, buy GHG Credits from other automakers, or pay substantial fines.Under rules promulgated by California and nine other states, automakers must sell a specified percentage of Zero-Emission Vehicles, buy ZEV Credits from other automakers, or pay substantial fines.During the five years ended December 2017, Tesla reported $890 million of cumulative ZEV Credit revenue and another $352 million of cumulative GHG Credit revenue.For 2018, if the market absorbs anticipated ZEV and GHG Credits at 2017 prices, Tesla could earn $996 million of ZEV Credit revenue and $287 million of GHG Credit revenue.
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- Exxon's Market Value Tops Tesla's as Oil Rises, EV Sales Slow [Yahoo! Finance]Yahoo! Finance
- Exxon's Market Value Tops Tesla's as Oil Rises, EV Sales Slow [BNN Bloomberg (Canada)]BNN Bloomberg
- 5 tips for taking an EV road trip this summer, and where to rent one [CNN]CNN
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- 1/24/24 - Beat
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- 4/17/24 - Form PRE
- 4/16/24 - Form 8-K
- TSLA's page on the SEC website