Tesla has made hundreds of millions of dollars selling tax credits to other automakers. Now we know who bought them. (TSLA) – Business Insider

Business News

Tesla has made hundreds of millions of dollars selling tax credits to other automakers. Now we know who bought them. (TSLA)  Business Insider

– New documents published by Bloomberg on Monday show that General Motors and Fiat Chrysler Automobiles (FCA) have been among the purchasers of Tesla’s zero-emissions regulatory credits. – Previously, the buyers of Tesla’s emissions credits has been secret. – FCA says consumer demand for zero-emissions vehicles isn’t keeping pace with regulatory requirements, hence the purchases. – GM, meanwhile, says the purchases are to help hedge against future regulatory changes. Since 2012, Tesla has made more than $1.7 billion selling regulatory credits to other automakers. The buyers of those credits…

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Source: Business News