Replies to post #65705 on Tesla Inc (TSLA)

[boston745]

Is the Tesla bot really coming in 2023 or just another carrot that'll be dangled while they workout the bugs?

[wEaReLeGiOn]

Start here--Tesla's dirty little secret

https://www.cnn.com/2021/01/31/investing/tesla-profitability/index.html

New York (CNN Business)Tesla posted its first full year of net income in 2020 -- but not because of sales to its customers.

Eleven states require automakers sell a certain percentage of zero-emissions vehicles by 2025. If they can't, the automakers have to buy regulatory credits from another automaker that meets those requirements -- such as Tesla, which exclusively sells electric cars.
It's a lucrative business for Tesla -- bringing in $3.3 billion over the course of the last five years, nearly half of that in 2020 alone. The $1.6 billion in regulatory credits it received last year far outweighed Tesla's net income of $721 million -- meaning Tesla would have otherwise posted a net loss in 2020.