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by ethbr1 351 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?
1 comments
stranded22 351 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 351 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.

link