CaliforniaPoliticalReview: Elon Musk knows how to make money. He comes up with an idea, then gets the taxpayers to give or loan him money or allow him to sell what does not exist—emissions. He get to sell them and makes money. In fact, TESLA, were it not for government and the taxpayer, it would be a massive failure as a business.
“”Since its founding in 2003, the company, which went public in 2010, has earned a profit in just one three-month period. In 2014, it lost $294 million on $3.2 billion in revenue…Some $217 million of that revenue came from the sale to its competitors of zero-emission-vehicle, or ZEV, credits and other pollution allowances.”
How does the ZEV credit program work? Ten states, led by California, require “major manufacturers of passenger cars and light trucks (up to 8,500 pounds) to attain a certain number of ZEV credits depending on the number of vehicles produced and delivered for sale in the state. The program includes mechanisms to make compliance easier, such as tradable credits and different credit levels depending on the vehicle technology and capability.” MORE