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Politics : Formerly About Advanced Micro Devices

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Maple MAGA

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To: Maple MAGA who wrote (1293753)	2/24/2021 4:11:18 PM
From: Tenchusatsu	3 Recommendations Read Replies (1) of 1583877

Joachim, The green-energy scams soon to be subsidized by the Fed will make Solyndra blush. Big government is already subsidizing Tesla's "profits" ... CNN - Tesla's dirty little secret: Its net profit doesn't come from selling cars Tesla posted its first full year of net income in 2020 -- but not because of sales to its customers. Eleven states require automakers sell a certain percentage of zero-emissions vehicles by 2025. If they can't, the automakers have to buy regulatory credits from another automaker that meets those requirements -- such as Tesla, which exclusively sells electric cars. It's a lucrative business for Tesla -- bringing in $3.3 billion over the course of the last five years, nearly half of that in 2020 alone. *The $1.6 billion in regulatory credits it received last year far outweighed Tesla's net income of $721 million -- meaning Tesla would have otherwise posted a net loss in 2020.* "These guys are losing money selling cars. They're making money selling credits. And the credits are going away," said Gordon Johnson of GLJ Research and one of the biggest bears on Tesla( TSLA) shares.

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