Posted on 06/03/2019 2:46:31 PM PDT by artichokegrower
For years, Tesla Inc. has hauled in revenue by selling credits to other carmakers that needed to offset sales of polluting vehicles to U.S. consumers. These sorts of transactions have largely been shrouded in secrecy—until now.
(Excerpt) Read more at finance.yahoo.com ...
It’s legal — and it’s also actually one of the “least bad” forms of regulation. At least, the factory gets built in the end. It’s not a “good” regulation, just less bad than most of the alternatives.
the democrats have patents, US PATENTS, on the
carbon credits. which is why....
Gee, what a cut throat you were in your youth!
WTH has a factory next to wetlands?
A new form of rent-seeking?
The same thing seems to work for cities’ “tree banks” for developers.
Graft for all!
“Did you forget the US Taxpayer bailout of the auto industry?”
The Fraud’s worshippers told us it was “temporary” and goshawful great.
That’s why we have government in the first place, somebody’s gotta run the three card monte.
I have some property I would LEASE as wetlands for say 99 years with terms. Any takers? I’d even make them improved wetlands with a conservation easement.
I’m ready to get in on some of these scams.
The U.S. taxpayer didn’t bail out the auto industry. Obama bailed out the UAW.
“Reminds me of scamming my little Sister when we were kids”
ROTFLOL!
Or is it the sale of carbon indulgences?
With Obama money? Or Taxpayer money?
Ah, yes, the #FakeScience of CO2 pollution. The one thing that cars emit that harms nothing.
Until Ronald Reagan changed the tax code and lowered the tax rate from 78 to 28%, you could buy and sell federal tax credits.
I was in the tax leveraged lease business, and if a company was losing money but needed equipment, applying tax credits could reduce a monthly rate by as much as 20-27% with the tax benefits going to a third party that needed tax write offs.
As the leasing agent, we took ours, up front, and at the back end when we took ownership of the product.
The point is, selling fed credits is nothing new, nor is it illegal.
The same principle applies to carbon credits used for the global warming scam.
clickbait. This has been well know for years.
“As I’ve said before, Musk’s biggest engineering feats have been ….
beating the Russion space program.
> WTH has a factory next to wetlands? <
I think it all has to do with how the EPA defines “wetlands”. It could be just some big field with a creek running through it.
Bump
Cut Throat? I’m heading into my 60’s; you ain’t seen nothin’ yet, Baby! ;)
And, ‘Baby Sister,’ who is in her late 50’s, STILL rats me out to, ‘Dear Old Mom’ who will be 83 this year. :)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.