Tesla’s (TSLA) demand is through the roof, already sold out this quarter | Fred Lambert | Electrek | May. 6th 2021
Posted on 05/07/2021 5:09:25 PM PDT by SunkenCiv
Tesla has relied on selling emissions credits to boost its revenue, and Fiat Chrysler Automobiles (FCA) has been one of its biggest clients. But now that FCA has merged with the PSA Group to form Stellantis, it won't need Tesla emissions credits anymore, the Financial Times (subscription required) reported this week, based on executive comments.
Automakers are allowed to purchase credits to make up for not meeting emissions targets. Because it sells only electric cars, Tesla has always had plenty of credits to sell, creating a major revenue stream for the automaker. Stellantis' decision to stop buying emissions credits from Tesla could cost the Silicon Valley firm hundreds of millions of dollars, according to the report.
Tesla and FCA inked a deal that set Tesla up to sell its European Union credits to FCA through 2022—reportedly worth $1.8 billion. Of the roughly $360 million FCA allocated for emissions payments, two thirds went to Tesla in Europe, Stellantis CFO Richard Palmer said in an interview with the Financial Times...
FCA decided back in the middle of the last decade to focus on trucks and SUVs—and the expansion of its Ram and Jeep brands—instead of higher-mileage passenger cars. The gambit appears to have paid off...
So while FCA lagged on development of electric cars, it's now paired with an automaker that has a few EVs—as well as hybrids and fuel-efficient small cars—in its lineup. Europe is the main market for most of those vehicles, which is why spending hundreds of millions to buy Tesla emissions credits for that market is now unnecessary.
For the company that still sells gas-guzzling Hellcat muscle cars in the United States—and a Ram TRX pickup truck that gets 10 mpg city—it's quite a clever move.
(Excerpt) Read more at greencarreports.com ...
Tesla’s (TSLA) demand is through the roof, already sold out this quarter | Fred Lambert | Electrek | May. 6th 2021
Peelin' out!
Why America's MPG Is A Dumb Unit For Fuel Economy | Engineering Explained | April 7, 2021
No, Tesla Can't Hit 60 MPH In Under 2 Seconds (Model S Plaid) | Engineering Explained | May 5, 2021
With their crappy paint shop in Fremont, those model 3s are looking like a 72 Vega in Cleveland after a couple years.
An sophisticated insurance scam disguised as road rage almost sent this Tesla Model S owner to jail for something he didn't do.Tesla Attacked by Road Rage and Almost Sent to Jail for Something He Didn't Do | Wham Baam Teslacam | March 9, 2021
Carbon Credits are one of the dumbest things ever conceived. To stop pollution, some non polluters earn credits they can sell to people who do pollute. Doesn’t change the pollution one bit.
And if you own a few thousand acres of trees, you don’t qualify to earn or sell carbon credits.
Yeah but even so it’s wicked fast.
You are correct!
Why can’t they all just,akeand build cars. The trade in “credits” distorts the base system.
Carbon credits are a scam. Elon Musk makes millions from them.
Yup.
The service floor manager at a local dealership said auto production has stopped due to the chip shortage.
Stellantis did not fix engineering and assembly with this merger
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