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by itsoktocry 1964 days ago
Here we go again: building factories does not come off the income line. They are selling cars at a loss. Whether they manage to change that with increased scale is yet to be seen, but they are selling more cars and making less money.
2 comments

That's why the Credits are there to help increase the viability of electric Car/Truck production! That's just not good reporting to try and spin that as a negative and Ignore the needed viability of that EV market.

The Air Pollution impact on the health of the population and a reduction in the respiratory illness/other heath impacts must be figured in as part of the equation regardless of who is helped by the credits. The Credits will indirectly help to reduce pollution especially in crowded urban areas and reduce the overall rates of sickness related to ICE Pollution! That ICE pollution also takes its toll on Building facades and statuary and even has an affect on roads and bridges so that's another reason to have the credits until the EV production can become viable on its own without the need of any credits/assistance.

>hat's just not good reporting to try and spin that as a negative and Ignore the needed viability of that EV market.

There's nothing wrong with Tesla receiving credits, or even "counting" the credit dollars as profit. It's real cash coming in.

But when you are trying to analyze the financials of the company to determine a valuation, noticing that without the credits (whose accounting is opaque and which won't last forever) they lose money, is important.

But the energy Credits where not Hidden in the Tesla Filing so what was Nefarious. There's no Secret there and that's why the credits are there to Help Tesla/Other EV makers become Viable and reduce pollution that's very costly to society in the form of health related costs related to Air Pollution!
Thanks for the correction.