The dirty light secret to Elon’s billions is that he got “credits” for each EV he sold which he then sold said “credits” to others who needs to buy said “credits” to offset their carbon emissions. For years Tesla never turned a profit on actually selling actual electric vehicles. Those were and still are losers. I suspect that the EV part of Elon’s empire is toast in 4-5 years.
Here in Washington state, we have a Clean Energy Credit that is now worth a billion dollars a year, maybe more.
Energy users pay - Green Corporations and Green R&D benefit.
A Conservative political activist has been able to place several voter initiatives on the November 2024 ballot.
If successful, one of the initiatives would nullify the Clean Energy tax and put Clean Energy Credits out of business.
Probably has no chance of passing, and our Radical Left state Supreme Court will void it if it does pass.
There is also an initiative to revoke our new 7% Capital Gains Tax on gains over $250,000.
Probably no hope of revoking that, either.