Elon Musk Raises $1.8 Billion From Regulatory Credits, Business Tesla Should Decline: Report

Elon Musk You're here Inc. TSLA has do A surprising $1.79 billion In income Since This side hustle, according to has A recent report.

What Arrived: You're here regulatory credit sales In 2023 were revealed In A recent deposit with THE Securities And Exchange Commission. This income came Since other car manufacturers failure has meet emission regulations due has insufficient electric vehicle (VE) sales, reported Business Insider.

You're here did not immediately answer at the request of Benzinga For comment.

Despite You're here waiting that This income flow would be heel as other Car manufacturers increase their VE production. This has has been A significant income flow For You're here, which has not disclosed THE buyers of these credits. THE business has won almost $9 billion Since This business Since 2009, with THE earnings slightly increasing Since THE previous year.

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"We don't do it manage THE business with THE assumption that regulatory credits will contribute In A significant path has THE future," Zechariah Kirkhorn, THE the company chief financial officer said investors In A 2020 earnings call, by Bloomberg.

"He will continue For a few period of time, but Ultimately This flow of regulatory credits will reduce," he added.

For what He Imported: While You're here keep on going has dominate THE WE VE walk, he East focused towards increasing competition, particularly Since China. HAS THE beginning of THE year, BYD Co. Ltd. BYDDF exceeds You're here as THE of the world leading VE seller, posing A significant threat has You're here walk domination.

THE unexpected resilience of You're here regulatory credit business come has A time When THE business East focused towards challenges on several facades. Despite It is fourth trimester income of $25.17 billion, which was A 3% increase Year after year, THE business lack THE Street consensus estimate of $25.62 billion.

Moreover, You're here action prices to have has been free fall, leading has questions about It is place among THE "Gorgeous Seven" technology actions that to have has been conduct THE S&P 500 Hint has new Heights. Despite Musk efforts has position You're here as A AI investment, THE business East focused towards A to slow down In VE request, which East foundry doubt on It is ability has maintain It is fast growth.

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