Tesla’s 2024 financial results are out—and they’re terrible

[wispy2891@lemmy.world]

I think it's from Europe. Car manufacturers in Europe must sell at least n ev every year. Stellantis, that was asleep at the wheel and only has undesirable EVs that don't sell, is paying billions to Tesla to make a fictitious alliance, so they will meet the sales target and won't pay the fine

[realitista@lemm.ee]

The CEO is too busy playing social media edgelord. I guess when you blow up a company to the point where it will pop, you have to go into politics to change the laws to make it more profitable.

[sushibowl@feddit.nl]

They are emissions credits. Every company receives some amount of "CO2 emission credits" from the government. These allow you to emit a certain amount of carbon dioxide. If you don't emit all the CO2 that your credits allow, you can sell those credits to other companies that need more than the government gives them.

The idea is to put a total limit on the amount of emissions in the country, while letting the market figure out where it makes most sense economically to invest in emission reduction.

Tesla makes only EV cars and so it doesn't need all the credits a typical gasoline car company would receive. So they sell them.

[notmyoldredditname@lemmy.world]

That's from 2022. They made no such guidance for 2025 as I stated.

[splinter@lemm.ee]

I’m aware. The collateral for the credits are EV sales, hence my shorthand.

[thejml@lemm.ee]

If any other company dropped net profits by 71% they’d be firing their CEOs (well giving them a golden parachute to gtfo) and having some major shake ups.

[aa5b@lemmy.world]

Right, we want EVs, Tesla gets a little boost from legacy manufacturers, so now we have a market, EVs are available. GM gets a break do it has time to design EVs, but are really annoyed at funding that bastard Elon, so have incentive to get their shit together. EVs are built a little sooner m, no one goes out of business (yet), we all win

[aa5b@lemmy.world]

Why is this an issue. They have their incentive to keep building and selling. As long as they’re building and selling, it doesn’t matter to the rest of us what their profit is.

If they’re building make excess profit, that’s just more incentive for legacy manufacturers to be competitive. Capitalism 101

[aa5b@lemmy.world]

That’s not new to Tesla. Avoid bubble stocks. Avoid penny stocks. Buy “stodgy”

[aa5b@lemmy.world]

Pretty much the definition of bubble stocks. If you don’t want emotion driven stocks, don’t ride the hype train. There are many many more stock opportunities, most of whose value is related to actual facts

[cheems@lemmy.world]

It's gambling