In 2019, Tesla, led by CEO Elon Musk, made $1.79 billion from the sale of regulatory credits. This profit was a result of competing companies failing to sell enough electric vehicles to meet emissions regulations. Companies in the US, Europe, and China regulate environmental standards in order to meet emission requirements. Since 2009, revenue from these sales has been nearly $9 billion, according to Bloomberg.

Tesla’s prediction that loans would dry up has been proven incorrect by the recent revelation that earnings from their regulatory sales are steadily increasing. Despite competition from other companies, Tesla remains a leader in the electric vehicle market. However, its rivals are cutting back on EV plans which has led to an increase in sales and profits for Tesla from regulatory credits.

Tesla is currently facing competition from China, as BID overtook the company as the world’s largest seller of electric vehicles at the beginning of the year. Tesla did not immediately respond to Business Insider’s requests for comment on this development.

By Editor

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