Tesla Earned $1.8 Billion From a Side Venture Last Year

In recent years, Tesla has been making a significant amount of money through regulatory credit sales. According to a recent SEC filing, the company made $1.79 billion in such sales last year alone. The profits from these sales can be attributed to the failure of rival companies to sell enough electric vehicles to meet emission regulations.

Businesses in the US, Europe, and China all regulate environmental standards in order to meet emission requirements. Since 2009, Tesla has earned almost $9 billion from these regulatory credit sales, according to Bloomberg. However, Tesla’s prediction that the credits would dry up was disproven by recent revelations that earnings from their regulatory sales are slowly increasing.

Despite this success, Tesla still faces competition from both established automakers and newer companies like BYD. Despite being overtaken as the world’s top seller of electric vehicles by BYD early in the year, Tesla remains a leader in the market and is continuing to innovate with new products and technologies.

By Editor

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