Tesla Earned Over $400 Million Last Year Selling Gas Credits To GM And FCA

For years, Tesla Inc. has hauled in revenue by selling credits to other carmakers that needed to offset sales of polluting vehicles to U.S. consumers. These sorts of transactions have largely been shrouded in secrecy -- until now.

General Motors and Fiat Chrysler Automobiles disclosed to the state of Delaware earlier this year that they reached agreements to buy federal greenhouse gas credits from Tesla. While the filings are light on detail, they haven’t been reported on previously. They also represent the first acknowledgments from carmakers that they’re turning to Tesla for help to comply with intensifying U.S. environmental regulations.

skytop - 6/4/2019 2:57:00 PM

+3 Boost

This is how Musk help finance the rocket ship biz.

SanJoseDriver - 6/4/2019 3:21:15 PM

-1 Boost

Not quite

ricks0me - 6/4/2019 5:30:47 PM

+5 Boost

SJD: Please tell us where that 400 million went?

SanJoseDriver - 6/4/2019 11:59:44 PM

-2 Boost

There is a section for "other" income... must be there in the balance sheet. $100m a quarter is not a ton considering revenue is hitting 10 figures now.

SanJoseDriver - 6/7/2019 1:17:32 AM

+1 Boost

I think this quarter will be just fine, but I also didn't expect an epic loss in Q1.