Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

MerryHolidays

(7,715 posts)
61. Why precisely is Tesla making the profit from selling regulatory credits?
Sat May 29, 2021, 09:11 AM
May 2021

These could have been purchased directly from the federal government, rather than Tesla being in the middle. You do understand that the regulatory credits are what has caused Tesla's stock price to go through the roof, right? I am not sure enriching Tesla and its shareholders is what the regulatory credit scheme was about. But, to Tesla's financial acumen, they exploited this loophole to the hilt. Again, why didn't the government charge the offending companies directly and pocket the money.

I also didn't realize how much energy Tesla consumed with respect to bitcoin: https://www.autoweek.com/news/green-cars/a36266393/tesla-made-more-money-selling-credits-and-bitcoin-than-cars/ . See also this: https://www.cnbc.com/2021/05/13/why-elon-musk-is-worried-about-bitcoin-environmental-impact.html#:~:text=Elon%20Musk%20said%20Tesla%20has,and%20Malaysia%2C%20according%20to%20researchers. Tesla was far from environmentally friendly.

When I first started looking at alternative fuel vehicles, a Tesla lease was several hundred dollars per month higher than a PHEV lease. The only EV I would have seriously considered was a Tesla because of its range. However, the cost differential, even for a Tesla 3 model and a PHEV was considerable, and I believe still is.

Please take a look at many other manufacturers. Many of them are phasing out their pure gas vehicles. Just in the last few years there are far more PHEV and EV options by many of the manufacturers. Did Telsa contribute that. I am sure it did, and perhaps that's the essential point. I just don't understand why US taxpayers apparently subsidized Tesla when there were other ways to do it.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Maybe get one of those jump starters you plug into the cigarette lighter socket. rickford66 May 2021 #1
Oh right, because cigarette lighter sockets still available! elleng May 2021 #12
The plugs are still there, just not the pull out coil Deminpenn May 2021 #36
Get a longer cord randr May 2021 #2
LOL (nt) Bullfeathers May 2021 #50
😂 FlyingPiggy May 2021 #69
One new business opportunity is for a company to sell portable jump batteries Bucky May 2021 #3
Yeah, I don't see why you couldn't carry a "spare" to jump your primary. Midnight Writer May 2021 #37
The batteries in cars are already as portable as they can be fescuerescue May 2021 #71
Tow to nearest charging station. marybourg May 2021 #4
And it has to be a flatbed tow truck dalton99a May 2021 #8
Onboard gasoline generator ? dweller May 2021 #5
Actusally that is an option on the Lightning F150 Rosco T. May 2021 #43
Get it towed to a charging station. MissB May 2021 #6
GM cars like the volt have a back up engine. Demsrule86 May 2021 #7
Had IbogaProject May 2021 #17
I'm glad I got the last model year. Silent3 May 2021 #26
There's another thread on a BMW that has that functionality caraher May 2021 #79
Exactly, Volt or other PHEV owners don't worry about this issue... JCMach1 May 2021 #87
As with gas car, EV's have 12 volt batteries as well. Ninga May 2021 #9
Have you stopped at charging stations on the road? How much do they cost? Midnight Writer May 2021 #38
Pricing varies, depending on the station/location. tinrobot May 2021 #45
Yes, recently drove a 380 mile round trip and Ninga May 2021 #54
Thanks. I've wondered how that works. Midnight Writer May 2021 #83
Not sure if they still do this but Nissan was offering free flatbed as part of the warranty. Hassin Bin Sober May 2021 #10
It also depends on where you live MerryHolidays May 2021 #11
A hybrid might be the way to go. When running on gas does it recharge the battery... brush May 2021 #16
Yes. ShazzieB May 2021 #18
Now that's a great feature. brush May 2021 #21
I've got a Hybrid RAV4- Had a Prius before that. Both great cars redstateblues May 2021 #40
There is something call regenerative braking on my PHEV...this helps charge the EV part MerryHolidays May 2021 #28
The Tesla navigation and A Better Route Planner app Ninga May 2021 #55
Braking regenerates the battery. So does coasting down hills. Hassin Bin Sober May 2021 #31
Don't have an EV, but definitely thinking about one. Good thread and responses. Hoyt May 2021 #13
Thank you. Just gathering info. DU is great for that. brush May 2021 #22
Same Situation Here ProfessorGAC May 2021 #51
I would definitely encourage you to see this...posted shortly after your OP Drum May 2021 #14
Thank you. Very helpful. brush May 2021 #20
you never plan a trip without knowing the charging route Shellback Squid May 2021 #15
You really expect American drivers to act responsibly? Auggie May 2021 #19
If you travel non-locally, that's a bit of a pain MerryHolidays May 2021 #41
You don't spend hours waiting to charge anymore. tinrobot May 2021 #47
Good point on leasing. brush May 2021 #75
A hybrid. sprinkleeninow May 2021 #23
Same thing that happens when your car runs our of gas. I suspect there are warnings re: low napi21 May 2021 #24
Not exactly. MerryHolidays May 2021 #42
It usually takes about 20-40 minutes at a fast charger. tinrobot May 2021 #46
I don't have an EV, but I have a PHEV MerryHolidays May 2021 #57
Things are develping very quickly, both for cars and charging. tinrobot May 2021 #63
Agreed. I am on my second PHEV MerryHolidays May 2021 #68
If you run out of power in California while evacuating from a wildfire, you burn Shanti Shanti Shanti May 2021 #25
My husband and I like to take really long road trips and drive straight through liberal_mama May 2021 #27
Unless there is a significant advance, you will need gas localroger May 2021 #29
I know multiple people Sgent May 2021 #33
If you can afford a Tesla, that's fine MerryHolidays May 2021 #34
AAAANND how are dying legacy auto makers profitable? Rstrstx May 2021 #48
Why precisely is Tesla making the profit from selling regulatory credits? MerryHolidays May 2021 #61
I didn't consider buying a Tesla MissB May 2021 #59
If you're looking at a Tesla, it will plan your route and tell you where the charging stations are Poiuyt May 2021 #30
Tesla has an 800 number for roadside service throughout the USA. farmbo May 2021 #32
Thanks. That the answer I was looking for. brush May 2021 #35
Excellent question and some good, meaningful answers. GulfCoast66 May 2021 #39
I added the "no jokes please" because the first two responses were just that. brush May 2021 #78
Are you in the habit of running out of gas? tinrobot May 2021 #44
Having a charging station at home is great, but who has a gas station at home? brush May 2021 #80
An EV will tell you multiple times if your battery is running low. tinrobot May 2021 #95
If as folks here posted, F150s or other vehicles were able to provide power for homes malaise May 2021 #49
I have a Chevy Volt lanlady May 2021 #52
i've been waiting for someone to put a solar panel on the roof. mopinko May 2021 #53
Trouble is, that's a trickle caraher May 2021 #81
Solar has a LOOOOOONG way to go fescuerescue May 2021 #85
I'm still going with a hybrid. ananda May 2021 #56
What happens when your car runs out of Gas? Koch Ebola May 2021 #58
No...they are my own talking points from my own experience MerryHolidays May 2021 #62
I asked if the road service companies have developed a quici-charge device... brush May 2021 #74
If a car battery completely looses charge while running. Maxheader May 2021 #60
Just like gas vehicles. Check your gages. pwb May 2021 #64
three years with my M3 - never even come close. Voltaire2 May 2021 #65
I'm learning a lot from the reponses, including yours. I was curious about... brush May 2021 #67
You pay for a tow to either home or a charging station. beaglelover May 2021 #66
I have a Tesla Model 3 with a range of 300 miles when fully charged. beaglelover May 2021 #70
Good info. Pls go into thr regenerative breaking system more and how you hardly have... brush May 2021 #72
Well, in a ICE car, when you take your foot off of the gas pedal, the car will coast until you apply beaglelover May 2021 #84
Kool stuff. So if you deactivate the regenerative brake system... brush May 2021 #90
Yes exactly. beaglelover May 2021 #91
We were looking into getting a Tesla 3, but I was worried about all the controls being in the screen Poiuyt May 2021 #92
I was a little worried about that but it has not beaglelover May 2021 #93
Check your trunk for a kite and a key lame54 May 2021 #73
It stops. Towlie May 2021 #76
Thank you. I'd typed that same thing five times, but each time Buns_of_Fire May 2021 #77
Jokes are nice. But sometimes you want information on EVs to help in a buying decision. brush May 2021 #82
You shouldn't complain because every post, regardless of content, bumps your thread to the top. Towlie May 2021 #96
I found this post funny, it's no different than running out of gas... watch your gauges JCMach1 May 2021 #86
To me it's a reasonable question if you've never had an EV. brush May 2021 #89
"What happens when an electric car runs out of power on the road?" Disaffected May 2021 #88
Great OP! Generic Brad May 2021 #94
Thanks. There's a lot of good info here. DUers always come through. brush May 2021 #97
Latest Discussions»General Discussion»What happens when an elec...»Reply #61