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Does anybody out there know the •details• of how the Tesla carbon credit scheme works? I understand the basic idea:
- Regulatory standards say carmakers have to either cut emissions or buy “carbon credits.”
- Tesla can sell carbon credits because it makes EVs.
- Tesla makes more money selling carbon credits than it makes from selling cars…apparently? somehow?!
1/2
My question: how can we knock out this income source as a part of #TeslaTakedown? Specifically:
- Does Tesla’s ability to sell carbon credits depend on units sold? or units manufactured? or something else? (i.e. do falling sales also cut into carbon credit revenue?)
- To what extent does this scheme depend on CA •state• regulations? (i.e. is this something we could lobby the CA gov to fix?)
- Does this regulation expire?
- Is there any apetite in congress for unrolling the carbon credits? Is that a good idea?
2/2
And here’s my trademark 3/2 post:
- Who’s done serious auditing of Tesla’s carbon credits? Are we sure they’re not miscounting, double-counting, fraud-ridden? Who can look into that?
3/2
If I understand correctly; there is an additional potential cost to Tesla:
If it sells fewer cars, it gets fewer carbon credits. Then it may end up paying a penalty to the other car manufacturers it had arranged to sell them to.
Some of this happens under EU rules: https://futurism.com/tesla-sales-carbon-credits-europe .
@michael_w_busch @inthehands This would be among the greatest things ever.
Boycott harder people!
@inthehands given how much Musk likes to talk about fraud, I’m guessing he’s projecting a lot…
@mwyman
The financials of Tesla have already come under serious doubt. If they’re doing the carbon credit accounting accurately, I’m a monkey‘s uncle.
@inthehands
It's definitely fraud-ridden, because fraud-ridden is the baseline of the entire carbon credit market and they're definitely not doing *better than most* there.