How bad are things at Tesla? So bad that it would have lost money in the first three months of the year had it not been the sale of regulatory credits, credits that could be going away if the Trump administration gets its way on auto emissions rules.
  • wrexer@lemmy.worldEnglish
    61·
    22 hours ago

    But what if that income disappears?

    It was only able to post a $409 million profit in the quarter thanks to the sale of $595 million worth of regulatory credits to other automakers. But if the Trump administration gets its way, the company can kiss those regulatory credits keeping it in the black goodbye, too.

    • NotMyOldRedditName@lemmy.worldEnglish
      31·
      22 hours ago

      Then they spend 400-500m less on capital expenditures or research and development. It means slower growth and give others an advantage, but it’s not the end of the world.

      That or they say fuck it and eat into their 35b cash for a bit.