Tesla’s profit over the past four quarters is $368 million. Tesla made $1 billion by selling ‘regulatory zero emission credits’ to other car makers, over the past 12 months to June 30 2020.
Which means, does it not, that Tesla didn’t make money selling cars? They made their money by selling so-called regulatory credits to other car makers who haven’t yet built enough electric cars and hence have to buy credits from Tesla to satisfy emissions regulators.
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