Tesla loses source of credit revenue pivotal to profit streak
05 May 2021 - 18:37
Tesla is about to lose one source of the regulatory-credit revenue that has been crucial to its almost two-year run of consecutive quarterly profits.
Stellantis, the carmaker formed through the merger of PSA Group and Fiat Chrysler, announced on Wednesday it is exiting a European emissions-credit agreement with Tesla. Complying with standards on its own will save the company about €300m, roughly two-thirds of which would have gone to Tesla, CFO Richard Palmer said...
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