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Another big standout from the earnings report is Tesla’s carbon credit revenue totaling $739 million. The figure is well above the $539 million analysts had predicted and an increase of 33% year-over-year.

How Carbon Credit Sales Boosted Tesla’s Profits
More notably, these credits bring full profits to the company and account for almost 34% of its net income ($2,183 million). This Q3 carbon credit sale is the second-highest since Tesla started selling them in 2009. The highest was during the previous quarter.
These credits, which Tesla sells to traditional carmakers to help them meet emissions obligations, provide significant profits as they can be sold at 100% full margins. Thus, carbon credits have played a pivotal role in Tesla’s overall financial performance.
Since the EV maker began selling carbon credits to other companies, this revenue stream has turned into a billion-dollar opportunity. In the past year, Tesla earned $1.79 billion from carbon credits, marking its highest-ever annual income from automotive regulatory credit sales.
It is if the market refuses to take the risk./—-/ A loan is not a socialist giveaway.