Hyperdrive

Tesla Analyst Miffed by Credit Sales Missing From Musk's Call

Company doesn’t disclose non-ZEV credit sales until 10-Q
CEO declined to answer analyst’s inquiry on Fiat Chrysler deal

Elon Musk
Photographer: Patrick T. Fallon/Bloomberg

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By Dana Hull and Craig Trudell

April 30, 2019 at 7:28 PM UTC

This article is for subscribers only.

A Tesla Inc. analyst is disappointed Elon Musk neglected to mention a major source of revenue last quarter was the sale of certain regulatory credits the company discloses days after its initial earnings reports.

While Musk noted in his April 24 letter to shareholders that Tesla sold $15.4 million in zero-emission vehicle, or ZEV, regulatory credits in the first quarter, the company didn’t notify investors of $200.6 million in non-ZEV credit sales until posting its 10-Q filing Monday.