Tesla drives California environmental credits to the bank - latimes.com
Opening paragraph:
They really make it sound like $45K for each car comes from the government, which is very misleading. Also, that $35,000 number seems high, I thought the credits sold to other manufacturers was much lower?
Opening paragraph:
When Tesla Motors reports its first-ever profit Wednesday, much of the money will come courtesy of the state of California.
In its zeal to push electric cars into the market, the state has created a system in which Tesla can make as much as $35,000 extra on each sale of its luxury Model S electric sports sedans...
The credits, coupled with state and federal incentives to buyers, can add as much $45,000 for each Model S sold.
They really make it sound like $45K for each car comes from the government, which is very misleading. Also, that $35,000 number seems high, I thought the credits sold to other manufacturers was much lower?