[stranded22]

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)

[ethbr1]

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?

[stranded22]

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...

[ethbr1]

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.