this post was submitted on 04 Feb 2021
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Late Stage Capitalism
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Yes and no: super old article, but afaik selling green credits is still their main source of income and the only thing keeping them in the black.
I actually really don't like tesla as a company or elon as a ceo or person, but I'm pretty sure that's not true.
Edit: https://www.theverge.com/2021/7/26/22594778/tesla-q2-2021-earnings-revenue-profit-credits-emissions-bitcoin
It is. Here's an article about their Q1 2023 revenue showing the same thing.
Edit: so they had one report of car sales AND energy projects outpacing the lowest amount of carbon credit income I've seen them get? Not really convincing me there..
Interesting. So the carbon credit business is growing and/or the car business is shrinking to the point that without the credits they aren't profitable again.
Ok, so I misread that as being in the red hadn't happened for them in two years. Either way, they're a carbon credit and battery company that sometimes make shoddily built cars, not the other way around.
No disagreement there.