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Teslaa s Sales in China Fall 33%; Green Credits Fall 49%

2016-02-28 05:51:57| Auto Dealers - Topix.net

Tesla's just-released annual 10-K for 2015 acknowledges that sales in China tanked by 33 percent, and the market value for environmental credits has plunged by 49 percent, since last year. The Tesla Motors business strategy used huge U.S. federal and state regulatory credits for environmental mitigation to fund the company's development and production of battery-powered electric vehicles in the U.S. and worldwide.

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