Tesla profits
- Thread starter 4strokes
- Start date
- Status
This has been known for years. I'm really tired of California giving him money because "carbon offset credits " which means nothing. Every other car manufacturer should have given Tesla and California the finger and paid a dime.
Time to put the public cow back in the barn, let Tesla make it on its own or go bust, either one is fine with me.
Last edited by a moderator:
Numerous financial advisers and I think more than a few Tesla employees more or less have said without carbon offset credits they most likely would have gone bankrupt the first time. They were six weeks out and scraped by the skin of their teeth.
Last edited by a moderator:
The other manufacturers were free to produce their own low/zero emissions vehicles and earn credits, no one was stopping them. This is simply an efficient market method for reducing emissions across the nation and thats clearly a desirable outcome.
To be clear, these are not taxpayer funds - something the article reluctantly admits if you read it.
To be clear, these are not taxpayer funds - something the article reluctantly admits if you read it.
It is nothing more than a shameless fraud.
That’s a strange comment. Do you understand what it’s intended to achieve and how it works?
If so, I’d be interested to know why you think it’s a “fraud”?
Musk is a really a terrible CEO to push around political leanings publically that won’t support the cash cow and profitability of his shareholders….
I have been looking into this since the money making scheme was conjured up years ago. The EU and even the environmentalist are questioning the practice.
https://www.theecoexperts.co.uk/blog/carbon-offsetting
Thank you this. If this were any other industry there would have been massive backlash over "taxing" a certain group. This has nothing to do with "cleaning up the environment. "
I can only see it going downhill for Tesla from here on out. Musk is far too busy these days arguing about politics on his new "News" platform to actually concentrate on growing a proper company. If I worked for Tesla right now I'd be quickly looking at other jobs before he turns it into a total car crash.
Ah, so you don’t understand it. What you’ve linked has nothing to do with the credits being discussed here.
Sure I get it, Tesla sells other companies carbon credits so they can sell vehicles that pollute more. Explain it to me.
Carbon credits and carbon offsetting are basically the same thing.
Carbon credits and carbon offsetting are basically the same thing.
Last edited:
No, you don’t get it. They’re totally different systems.
There are a number of legitimate concerns about the validity of some offsets schemes, whilst others are more transparent. It’s a big market and a lot of players - we’d be here for weeks explaining to you all the details of that one but suffice to say conceptually it’s a good idea and lot of national and globally traded offset markets are legit. Some aren’t…
However, none of that has anything to do with the credits traded under the US emissions regulatory system - they’re not credits or offsets sold on the open market, they’re only traded within the auto industry. Tesla’s main customer is Stellantis who make a lot of highly polluting cars, so they buy credits from Tesla rather than making lower emissions and meeting the corporate average targets.
Please, don't whiz on my shoes and tell me its raining which is exactly what you are doing. Regardless of the scheme nothing is being bought or sold, nothing, it is just money changing hands. You admit Stellantis continues to manufacture vehicles that produce higher emissions so what did this scam actually accomplish?
That doesnt look like credits are only changed between auto manufacturers.
Sure it is if you are selling these credits but you just said the credits are bought so the company can continue making vehicles that pollute more and they pay Tesla to do it. If that is not a scam and a total fraud nothing is.
If the Government wanted to tax whatever industry or company you work for I'm sure you'd think differently.
Do some research in why the Chinese cars are now flooding your European shores. Who funded and subsidzed the technology and manufacturing base as part of "China Plan 2025"?
Don't blame him at all! Elons hardly the figurehead you want representing a company. I'd certainly not buy one of his cars. Besides, there are plenty of better quality electric cars out there now as well.
Do you really not understand? It’s an incentive - it costs Stellantis money to pollute and Tesla is incentivised for producing low emissions cars. Tesla being financially supported is the whole bloody point! The outcome is lower emissions overall - it makes those idiot giant “trucks”‘of yours more expensive and EVs cheaper and gets more EVs on the road.
It’s not rocket surgery and I’m not clear how that’s not clear…
Last edited:
- Status
