BodyBySisyphus [he/him] to news • 8 months agoAuto execs are coming clean: EVs aren't workingexternal-linkmessage-square35 fedilinkarrow-up154cross-posted to: cars@midwest.social
arrow-up154external-linkAuto execs are coming clean: EVs aren't workingBodyBySisyphus [he/him] to news • 8 months agomessage-square35 Commentsfedilinkcross-posted to: cars@midwest.social
minus-squarestilgar [he/him] @infosec.pubhexbear24·8 months agoThey just salty because the profit margins are lower than ICE vehicles. Many of the legacy automakers will fold as BYD and Tesla take most of the EV market share, they're the only ones producing EVs profitably and at scale. linkfedilink
minus-squareAryuproudomenowdaddy [comrade/them]hexbear38·8 months agoDoesn't most of Tesla's profit margin come from selling regulatory credits to other car companies. link
minus-squareEmmaGoldman [she/her, comrade/them]hexbear17·8 months agoYes. Their actual EV production is far from profitable. They just fudge the numbers by selling credits. link
minus-squarestilgar [he/him] @infosec.pubhexbear10·8 months agoFrom a random source a found from searching (referring to Q1 2022): Tesla’s regulatory carbon credit sales account for over 20% of its profits this quarter. https://carboncredits.com/tesla-regulatory-carbon-credit-sales-jumps-116/ linkfedilink
They just salty because the profit margins are lower than ICE vehicles. Many of the legacy automakers will fold as BYD and Tesla take most of the EV market share, they're the only ones producing EVs profitably and at scale.
Doesn't most of Tesla's profit margin come from selling regulatory credits to other car companies.
Yes. Their actual EV production is far from profitable. They just fudge the numbers by selling credits.
From a random source a found from searching (referring to Q1 2022):
https://carboncredits.com/tesla-regulatory-carbon-credit-sales-jumps-116/