Last I checked years ago, they sold their carbon credits for a whole lot of money whenever they earned them.
Comment on Tesla sales plunge 40% in Europe as Chinese EV rival BYD's triple
Melvin_Ferd@lemmy.world 3 weeks ago
I don’t get how a company is losing this much in multiple countries yet is still operating?
Like if they can lose this much and still be operating and investments not tanking, would it follow that they can pay better wages and benefits?
forkDestroyer@infosec.pub 3 weeks ago
SpookyBogMonster@lemmy.ml 3 weeks ago
Yeah Tesla only incidentally makes cars. Their accrual business is being a Carbon Credits dealer. Which just goes to show that the whole concept of carbon credits is nonsense. Climate change can’t be solved by market mechanisms
willington@lemmy.dbzer0.com 3 weeks ago
If the problem we want to solve is how to consolidate wealth and power in a few private hands the fastest, the unregulated free markets is the solution.
supersquirrel@sopuli.xyz 3 weeks ago
The US is corrupt enough at this point the only thing massive corporations have to do to survive is be massive.
Many companies that never even have turned a consistent profit are major players in the US economy.
The idea of valuing actual market competition is a distraction conservatives point to as a cool aesthetic and it has little to do with the economic reality of the US. So long as the right people are in power a dictatorship is totally acceptable to conservatives by and large and the inevitable end result of that as we are seeing are stunning displays of incompetency at the highest levels of power.
Smoogs@lemmy.world 3 weeks ago
in US the patriotism is injected into a brand. Way more money than brains.
buzz86us@lemmy.world 3 weeks ago
Yeah go figure we keep on pumping money into oil companies, when solar and batteries are tariffed. Easy to set why Trump has gone bankrupt so many times.
We even have electric companies actively trying to deter home solar installs with legislation, while other counties are embracing a VPP model.