this post was submitted on 04 Feb 2021
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Late Stage Capitalism

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Tesla's dirty little secret: Its net profit doesn't come from selling cars (archive.is)
submitted 3 years ago by AgreeableLandscape@lemmy.ml to c/latestagecapitalism@lemmygrad.ml
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[–] eramseth@lemmy.world 3 points 1 year ago (1 children)

Interesting. So the carbon credit business is growing and/or the car business is shrinking to the point that without the credits they aren't profitable again.

Tesla would be in the red were it not for carbon credits – something that hasn’t happened in the last two years.

[–] Viking_Hippie@lemmy.world 2 points 1 year ago (1 children)

Ok, so I misread that as being in the red hadn't happened for them in two years. Either way, they're a carbon credit and battery company that sometimes make shoddily built cars, not the other way around.

[–] eramseth@lemmy.world 2 points 1 year ago

No disagreement there.