je.st
news
Tesla drives California environmental credits to the bank
2013-05-05 20:01:00| Climate Ark Climate Change & Global Warming Newsfeed
LA Times: 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. That's because the Palo Alto company qualifies for coveted state environmental credits that it can turn into cash. These Zero Emission Vehicle credits could put as much as $250 million...
Tags: california
bank
environmental
credits
Category:Electronics and Electrical
Latest from this category |
All news |
||
|
|||