Bluest_waters t1_iybuq0h wrote on November 30, 2022 at 5:59 AM

Reply to comment by dont-YOLO-ragequit in GM Dealers Have Been Quietly Repairing Teslas by LunacyNow

Tesla's secret is that it thrives on selling billions of dollars worth of carbon credits to major auto makers. Tesla is happy because they get money, the auto makers are happy because they don't have to actually produce large amounts of EV. Some years the money Tesla makes off the carbon credits represent nearly their entire profit.

So GM is quietly fixing Tesla in part because it wants Tesla to keep doing what its doing.

Problem for Tesla is that more and more major auto makers have EVs coming online and they expect their EV sales to jump. That means less demand for carbon credits, which means lower profits for Tesla. Plus Elon is going to be forced to contineu to sell Tesla stock to service his twitter debts for the foreseeable future. Both of these things will be putting downward pressure on Tesla stock months, possibly years, to come.

sexygodzilla t1_iyc85us wrote on November 30, 2022 at 8:56 AM

Honestly with the dramatic downward spiral Twitter is on I have to wonder if he ends up losing control of Tesla entirely and it ends up getting acquired.

LiquidateGlowyAssets t1_iyckqip wrote on November 30, 2022 at 11:53 AM

Inshallah it gets broken up and the actually productive parts nationalized. Their solarcity acquisition was basically a scam against their shareholders, as was the CEO using corporate assets to gamble billions of dollars on worthless cryptocurrencies.

Bensemus t1_iyeizij wrote on November 30, 2022 at 8:21 PM

For this year credits made up less than 10% of Tesla's profits. It's greatly exaggerated how much Tesla makes and relies on EV credits.