Hyperdrive
Tesla Rakes In $9 Billion From Carmakers Failing to Sell Enough EVs
- Lucrative revenue from regulatory credits keeps rolling in
- EV maker’s former CFO expected the sales to eventually fade
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Tesla Inc. continues to cash in on other carmakers needing help to meet emissions standards, keeping up a lucrative business the company thought would fade away.
The Elon Musk-led manufacturer generated $1.79 billion in regulatory credit revenue last year, an annual filing showed last week. That brought the cumulative total Tesla has raked in since 2009 to almost $9 billion.