Is it your impression that companies didn’t used to grow with the help of investors until they made a profit?
Stellantis will be buying credits for a long, long time.
“a competitive equivalent EV announced for this year (or already out there).”
I guess the Jalopnik Slack channel has an ongoing “How can we move the goalposts for Tesla?” topic.
It’s fine to mention the sales of ZEV credits, but why not also mention SBC (Stock Based Compensation) is why they made less profit? If you exclude SBC, they would have made a profit WITHOUT ZEV credit sales. Note that SBC doesn’t actually cost the company any dollars. But it has to be reported as it does dilute…
Yeah, I never got that logic. They only get credits because they sell BEVs (they get none if they don’t), and having the credits allows them to sell the cars at a lower price than otherwise (which they obviously account for in setting pricing). People don’t exclude other tax credits from the profits of automakers, not…
“The company turned a surprisingly large profit this quarter, but it didn’t do it by selling cars.”
As other automakers embrace electric vehicle sales, there will not be nearly the market for those credits in the automobile space.
$518 million divided by 185k cars is around $2800.
Moron: “Gee, they should just can the car business and sell credits.”
LOL...the level of ignorance on this site is actually entertaining - to a limited degree, of course.
For the sake of Pete, I hope they’re not going to try turning any mechanical engineers into software engineers. I have never seen that work out well. It’s not that hard to write a functional program and engineers are usually pretty clever so it’s something they believe the can do, but they just can’t. There’s a huge…
Most news outlets are corporate-owned and the journalists are stenographers for cops, business owners, and politicians.
Exactly. A real journalist would go find a former restaurant worker who is sitting pretty on unemployment unwilling to go back to work.
C’mon - there are decades of data from the last four Republican presidents that irrefutably prove trickle-down economic theory and the Laffer Curve are abysmal failures.
Hope you washed the moving blankets when you were done.
At first, rental agencies like Avis, Hertz and Thrifty couldn’t find enough people to rent cars; strapped, they sold off huge chunks of their fleets.
Why should anyone turn on Musk? I’m no Stan (I’m definitely not interested in an expensive car with low quality control, and I’m mad enough about most cars using two pedals, forget one-pedal driving), but it is pretty great that Musk does crazy things. People that do crazy things drive innovation - even when they are…
I think it’s just more the “we must run several articles a week ripping on Tesla to meet our quota” thing you’re seeing, which doesn’t reflect the real world as most people don’t hang out on car forums.