9/3/24
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As an EV seller, as of last year, Gov. Gavin Newsom’s office reports that Tesla has received an estimated value of tax credits worth almost $2.5 billion. Tesla’s latest results showed that more than half of its second-quarter profit, a record $890 million, was attributed to the sale of regulatory credits to rival automakers that use them to meet emission rules. That money, taxpayer money, is essentially pure profit to Tesla.
