Tesla reported a miss on the top and bottom lines in its first-quarter earnings report on Tuesday as automotive revenue plunged 20% from a year earlier. The company would have lost money on automotive sales without environmental regulatory credits during the quarter. Revenue from the credits which Tesla receives for selling fully electric vehicles increased to $595 million from $432 million in the same quarter last year.
So, the owner of this company, who fights government spending, made money only because the government paid him! This reminds me of the movie Fight Club, where the main character fights himself thinking he is fighting somebody else. Ironic, isn’t it? Talk about government efficiency and hypocrisy.
Dennis
