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Tesla disclosed government credits profit only after the SEC mandated it, new documents show

Started by Redaktion, March 24, 2022, 10:41:39

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Tesla made US$1.5 billion from selling government-mandated carbon tax credits to legacy carmakers, mainly overseas, as well as various smaller subsidies. That's more than a quarter from its US$5.5 billion net income in 2021, forcing the SEC to mandate it report regulatory credits as a separate line item in its annual financial statement.

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