...Tesla and everything else [Facepalm]
The House Is Trying to Kill Tesla's EV Credits. What Happens Next. -- Barrons.com
Congress took a step to erode California's ability to regulate its air emissions.It was a small step, but the EPA and California car regulations are significant watch items for Tesla investors. The current regulatory regime is a key part of Tesla's ability to make hundreds of millions from selling zero-emission vehicle credits.On Thursday, House lawmakers voted to nullify the " waiver of preemption" for its " Advanced Clean Cars II" regulations, which the Environmental Protection Agency had posted in January.Essentially, the EPA waiver grants California the right to regulate its own air quality, pre-empting federal standards. California has been doing that since the late 1960s.California, along with states following its rules, accounts for about 30% of the total U.S. new car market.The EV maker has generated about $2.9 billion in credit sales over the past 12 months. Making some assumptions for the zero-emission credits Tesla was required to sell around the globe, a credit might have b
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
1
Report
Login to post

No comments yet
