by Lucas Nolan
A recent report explains that Tesla posted its first full year of net income in 2020, but not due to auto sales. Regulatory credits appeared to make up the majority of the company’s positive income for the year.
A recent report from CNN notes that while Elon Musk’s electric vehicle manufacturer Tesla posted its first full year of net income in 2020, most of that income was not from auto sales to customers.
Eleven states require that automakers sell a certain percentage of zero-emission vehicles by 2025, if they’re unable to do so they must purchase regulatory credits from another automaker that meets those requirements such as Tesla. Read the rest at breitbart.com.