FCA Bought $362 Million Worth Of CO2 Credits In Europe Last Year, Mostly From Tesla
Selling these credits to other manufacturers represents an increasing part of Tesla’s business, CNBC reports, as the EV maker is gearing towards sustained profitability. Last year, Tesla made $1.58 billion in revenue from selling these credits, almost three times greater than their profit of $721 million the same year. Fiat Chrysler isn’t the only carmaker that bought credits from Tesla. Honda also bought credits from the EV maker, according to Schmidt Automotive Research. As more carmakers launch their own electric vehicles, Tesla’s credit-selling side of its business will probably be...
Source: carscoops.com