Tesla's dirty little secret: Its net profit doesn't come from selling cars

Tesla net profit doesn't come from selling cars

(CNN) — Tesla posted its first full year of net income in 2020 — but not because of sales to its customers.Eleven states require automakers sell a certain percentage of zero-emissions vehicles by 2025. If they can’t, the automakers have to buy regulatory credits from another automaker that meets those requirements — such as Tesla, which exclusively sells electric cars.It’s a lucrative business for Tesla — bringing in $3.3 billion over the course…

Tesla's dirty little secret: Its net profit doesn't come from selling cars

By Chris Isidore, CNN Business Tesla posted its first full year of net income in 2020 -- but not because of sales to its customers.

Tesla's dirty little secret: Its net profit doesn't come from selling cars

Tesla posted its first full year of net income in 2020 — but not because of sales to its customers.Eleven states require automakers sell a certain percentage of zero-emissions vehicles by 2025. If they can’t, the automakers have to buy regulatory credits from another automaker that meets those requirements — such as Tesla, which exclusively sells electric cars.It’s a lucrative business for Tesla — bringing in $3.3 billion over the course of the …

Tesla's dirty little secret: Its net profit doesn't come from selling cars

Tesla posted its first full year of net income in 2020 — but not because of sales to its customers.Eleven states require automakers sell a certain percentage of zero-emissions vehicles by 2025. If they can’t, the automakers have to buy regulatory credits from another automaker that meets those requirements — such as Tesla, which exclusively sells electric cars.It’s a lucrative business for Tesla — bringing in $3.3 billion over the course of the …

Tesla's dirty little secret: Its net profit doesn't come from selling cars - Local News 8

Tesla posted its first full year of net income in 2020 — but not because of sales to its customers.Eleven states require automakers sell a certain percentage of zero-emissions vehicles by 2025. If they can’t, the automakers have to buy regulatory credits from another automaker that meets those requirements — such as Tesla, which exclusively sells electric cars.It’s a lucrative business for Tesla — bringing in $3.3 billion over the course of the …

Tesla's dirty little secret: Its net profit doesn't come from selling cars

Tesla posted its first full year of net income in 2020 -- but not because of sales to its customers.