Tesla has had one hell of a ride this last few years. In 2020 alone, its stock price rose by somewhere in the region of 740%, making it one of the most valuable US companies to date. However, the stock market often has very little to do with the real fundamentals of a company like Tesla. For example, Tesla only produced around half a million EVs in 2020, which is a very small amount of the global estimated 70 million sold worldwide to date. But, they have brought in an approximate $3.3 billion in sales, give or take, over the last few years. A large part of investor confidence in Tesla is the fact that it has now reported its fifth consecutive quarter in profit. However, many have reported that this profit is something of a smokescreen as it has been argued that without the revenue generated from the sale of environmental credits, Tesla would still be in the red.