Tesla’s 2024 financial results are out—and they’re terrible

Better give Muskler another 56 billion, he's doing such a swell job!

The carbon grifting is a problem.

How Tesla Made Great Profits from Regulatory Credits? | SINBON

Take T-brand's SUV as an example. New cars emit around 210 grams of CO2 per kilometer. Under the current EU regulations (95g/km of CO2 emissions for new cars, with a €95 punishment for each gram over the limit), every new car will face a fine of up to €10,925 (115*95 = €10,925). In contrast, every new Tesla vehicle will receive 25 grams of carbon emissions credits, bringing Tesla considerable revenue in the long term.

Do Tesla car owners know that the Tesla company is selling carbon credits on their vehicle? If anything, they should be the ones getting the money, not Tesla. It's a pretty clever scam when you can sell a thing twice.

Tesla's Carbon Credit Revenue Soars to $2.76 Billion Amid Profit Drop

This revenue comes at a minimal cost to Tesla, making it a near-pure profit stream. Unlike other automakers that must purchase credits to comply with emissions regulations, Tesla generates them simply by selling zero-emission vehicles.

And do Tesla owners understand that they are not individually reducing their carbon footprint because Tesla is selling that absence of pollution as a license to pollute (carbon credit)?

This resilience is due in part to the slow transition of legacy automakers to electric vehicles. While companies like Ford and General Motors have made strides in EV production, many still rely on Tesla’s credits to meet tightening emissions standards in the U.S., Europe, and China.

In fact, Tesla’s carbon credits are helping automakers meet strict EU emission targets. Companies like Stellantis, Toyota, Ford, Mazda, and Subaru buy Tesla’s credits to offset their emissions and avoid hefty fines.

ICE car makers are buying Tesla carbon credits so that they can pollute.

Remember, these numbers were BEFORE Musk’s Nazi salute, and largely before his most ridiculous cozying up to Trump. He couldn’t do a better job of alienating his educated, liberal customer base. Anything associated with Musk has become utterly poisonous (although Twitter isn’t dying nearly fast enough, to my continuing annoyance).

I’m sure Musk will be even more disappointed with the current quarter’s numbers, but we will be laughing even harder.

Not terrible enough! Keep sliding!