Tesla faces the loss of billions of dollars in government subsidies

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palata · 7h ago

> Revenue from state subsidies accounted for at least 38% of Tesla's profits of $7.1bn in 2024 as the company banked $2.8bn from trading "regulatory credits", a state-level subsidy paid to encourage production of electric vehicles.

And for some reason DOGE did not see an opportunity there?

I'm Peter Roberts, immigration attorney who does work for YC and startups. AMA

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Tesla faces the loss of billions of dollars in government subsidies

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