Elon Musk

More.

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.
Tesla carbon credit revenue 2024 Q3

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.
/—-/ A loan is not a socialist giveaway.
It is if the market refuses to take the risk.
 
I disagree, Even Republicans are buying it....and Biden...has nothing to do with it.
Swamp Republicans are pushing back, they like the old system of selling access, giving subsidies/pork, and just borrowing more.

Elon and Vivek know that the Debt is very dangerous and needs to be addressed now.

Republicans can whine about Elon, he's the richest man in the world, he doesn't care.
 
This is a man whose business was dying until Obama saved him and now he is in charge of cutting gvernment waste?

‘Tesla Wouldn’t Be Tesla’ if Not for 2010 Economic Stimulus Loan

The world’s leading electric carmaker got a major boost from a U.S. Energy Department loan back in 2010. Now the folks who approved that loan have some advice for Congress.

About a month after Barack Obama won the presidency, a cash-strapped Elon Musk made it clear that Tesla Inc.—then a boutique maker of a $109,000 sports car—would have to delay the rollout of a less expensive electric sedan unless it got government support. It was the middle of what was then the worst American financial collapse since the Great Depression, and the markets had just taken too much of a beating. “We can’t move forward with that without a major amount of capital,” the chief executive officer said in an interview in December 2008.

Musk’s plea was well-timed: The incoming president was keen to use part of the approximately $800 billion stimulus package his team was preparing to create a new green energy economy. One year after Obama took office, Tesla got a $465 million federal loan to design electric vehicles and build them at a manufacturing plant in Fremont, Calif. The company went public shortly thereafter, repaid the loan early, mainstreamed the electric vehicle, and now employs about 20,000 people in the Bay Area alone. It has the second-largest market capitalization of any automaker worldwide.

Looking back, the officials who ran the U.S. Department of Energy’s Loan Programs Office—a technology commercialization shop connected to both Tesla and a less successful solar venture, Solyndra—have some advice for the architects of this year’s economic stimulus in the U.S. While economic stimulus isn’t the LPO’s only function, it “really has a chance to shine when the larger credit markets just aren’t there,” said former director Mark McCall.


We heard all the right wing jibberish about Solyndra, but Tesla was part of the same policy.

Yeah, trump won because he spoke to he middle class and Harris ddn't.
You guys kick your own to the side if they are not 100% pure Progressive Socialist part of the borg hive. All what you have won, and you are never satisfied as it is the end of everything, we know with you. Instead of defunding the police, push and get police reforms. Reduce the criminal codes which in some areas are thousands of pages.
 
This is a man whose business was dying until Obama saved him and now he is in charge of cutting gvernment waste?

‘Tesla Wouldn’t Be Tesla’ if Not for 2010 Economic Stimulus Loan

The world’s leading electric carmaker got a major boost from a U.S. Energy Department loan back in 2010. Now the folks who approved that loan have some advice for Congress.

About a month after Barack Obama won the presidency, a cash-strapped Elon Musk made it clear that Tesla Inc.—then a boutique maker of a $109,000 sports car—would have to delay the rollout of a less expensive electric sedan unless it got government support. It was the middle of what was then the worst American financial collapse since the Great Depression, and the markets had just taken too much of a beating. “We can’t move forward with that without a major amount of capital,” the chief executive officer said in an interview in December 2008.

Musk’s plea was well-timed: The incoming president was keen to use part of the approximately $800 billion stimulus package his team was preparing to create a new green energy economy. One year after Obama took office, Tesla got a $465 million federal loan to design electric vehicles and build them at a manufacturing plant in Fremont, Calif. The company went public shortly thereafter, repaid the loan early, mainstreamed the electric vehicle, and now employs about 20,000 people in the Bay Area alone. It has the second-largest market capitalization of any automaker worldwide.

Looking back, the officials who ran the U.S. Department of Energy’s Loan Programs Office—a technology commercialization shop connected to both Tesla and a less successful solar venture, Solyndra—have some advice for the architects of this year’s economic stimulus in the U.S. While economic stimulus isn’t the LPO’s only function, it “really has a chance to shine when the larger credit markets just aren’t there,” said former director Mark McCall.


We heard all the right wing jibberish about Solyndra, but Tesla was part of the same policy.

Yeah, trump won because he spoke to he middle class and Harris ddn't.

‘Tesla Wouldn’t Be Tesla’ if Not for 2010 Economic Stimulus Loan

At least Tesla paid it back.
The US Treasury lost money on the loans Obama gave to GM and the gift to the UAW.
 
More.

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.
Tesla carbon credit revenue 2024 Q3

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.

That's not taxpayer money.
 
This is a man whose business was dying until Obama saved him and now he is in charge of cutting gvernment waste?

‘Tesla Wouldn’t Be Tesla’ if Not for 2010 Economic Stimulus Loan

The world’s leading electric carmaker got a major boost from a U.S. Energy Department loan back in 2010. Now the folks who approved that loan have some advice for Congress.

About a month after Barack Obama won the presidency, a cash-strapped Elon Musk made it clear that Tesla Inc.—then a boutique maker of a $109,000 sports car—would have to delay the rollout of a less expensive electric sedan unless it got government support. It was the middle of what was then the worst American financial collapse since the Great Depression, and the markets had just taken too much of a beating. “We can’t move forward with that without a major amount of capital,” the chief executive officer said in an interview in December 2008.

Musk’s plea was well-timed: The incoming president was keen to use part of the approximately $800 billion stimulus package his team was preparing to create a new green energy economy. One year after Obama took office, Tesla got a $465 million federal loan to design electric vehicles and build them at a manufacturing plant in Fremont, Calif. The company went public shortly thereafter, repaid the loan early, mainstreamed the electric vehicle, and now employs about 20,000 people in the Bay Area alone. It has the second-largest market capitalization of any automaker worldwide.

Looking back, the officials who ran the U.S. Department of Energy’s Loan Programs Office—a technology commercialization shop connected to both Tesla and a less successful solar venture, Solyndra—have some advice for the architects of this year’s economic stimulus in the U.S. While economic stimulus isn’t the LPO’s only function, it “really has a chance to shine when the larger credit markets just aren’t there,” said former director Mark McCall.


We heard all the right wing jibberish about Solyndra, but Tesla was part of the same policy.

Yeah, trump won because he spoke to he middle class and Harris ddn't.
Elon is your daddy.
 

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