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by imachine1980_ 359 days ago
Brand image is really important ev where already better in china than any other place in the world before Tesla but Tesla give the allure that the tech need to have mass appeal. That's why it was so successful as a company
1 comments
stranded22 359 days ago
I thought it was really successful as a company due to all the carbon credit handouts it received from government, which it sold to the other car companies.

That, and the lies from the man who owns a social media company (albeit later)

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ethbr1 359 days ago
Tesla made a little under 3% of its 2024 revenue from carbon credits.

It made those credits because it sells electric cars in volume.

I get the Musk bashing, and think the guy's an asshat, but isn't this literally what carbon credits are supposed to do -- funnel cash from dirty industries to carbon negative ones, as another channel of funding for them?

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stranded22 358 days ago
In 2023, it made 30% of its net quarterly income from carbon credit sales. That’s substantial.

https://www.perplexity.ai/search/76c762eb-b4cf-445c-8f0a-195...

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ethbr1 358 days ago
You mean Q4 2024?

https://carboncredits.com/teslas-carbon-credit-revenue-soars...

Yes, because you're looking at net income vs something that is entirely profit. Of course it's going to be a large portion.

That's like saying AWS is most of Amazon: it certainly contributes a ton of margin, but there's a lot of other revenue.

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