Legacy Automakers are secretly giving Tesla billions of dollars to avoid fines

[@electricviking]

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[@fearlesswarrior4651]

This is fantastic reporting by you, Sam. Here in the US, American corporate media (CNN, NBC, CBS, etc) does not even come close to this excellent level of reporting by you, Sam. I love the deep analysis and data that you provide. One can actually feel getting dumber when watching American corporate media. When watching Electric Viking videos, I feel empowered with all of this information, knowledge, and data. Keep up the good work, Sam.

[@metriczeppelin]

Our mainstream media (MSM) here in the US has systematically abused their legitimacy due to their willingness to be controlled by our government in an effort to control what information is provided to us. The internet and video content creators like yourself are fast becoming our informational lifeline, globally in fact. For that we collectively thank you so much for that! Cheers

[@jamesvandamme7786]

You forgot the dumbest of all media, Fox.

[@fractalelf7760]

So… outside of the U.S. media what actual foreign news source (Sam is not a journalist) that is bringing this up?

[@fractalelf7760]

@@jamesvandamme7786Nah, CNN which is utterly contrived racism and classism.

[@joe2mercs]

Tesla sold is 7 millionth car recently. The $10 billion that Tesla has received by way of carbon credits means that Tesla gets $1,428 per car as additional profit. Tesla makes much larger gross profits per car without the need for credits but that additional $10 billion is worth having.

[@of-lg5bj]

Your a natural presenter. Well done.

[@electricviking]

Thanks Mate! Appreciate that.

[@greggrant4614]

I would agree that $10 billion given to Tesla by Tesla's competitors is in fact just as big a deal as you have pointed out, but it is basically ignored or discounted completely by most analysts as merely temporary. Clearly, this $10B is a huge, well-earned boost to the strength of Tesla's balance sheet, both for the short-term and for the longer-term.

[@brendanquinn6894]

Ten billion here, ten billion there, soon you'll be talking real money!

[@iechuanlee9326]

These are the USA tax payers money to subside the green great deal but these auto industries are ignoring the investment allocated for EVs development but they squandered it by giving it to Tesla green credits, shares buy back, propping up the companies profits, shareholders & executives dividends & bonuses and now the government accusing the China of overcapacity & subside. But the Americans will blindly believe in these narratives .

[@oggyoggy1299]

They basically paid them to build a couple of Gigafactories, at around $5 billion each. They paid Tesla to kill them, essentially. It’s one of the many reasons I bought stock in Tesla. A perfect storm was/is brewing.

[@jimparr01Utube]

Not so. It was useful for a short time a few years ago, but irrelevant now.

[@4literv6]

Exactly! Someone on X showed it is less than 1.4% of teslas income! Does it help? Yes of course, is it income that gets reported and taxed? Yes it does! Has it amounted to a couple of the largest newest most automated factories making pure Evs getting paid for by teslas direct competition? Also yes haha.

[@frostcb2]

Cool fact. Tesla simi cost around $75 to go 500 miles vs a diesel semi cost over $600 to go 500 miles.

[@jessicaandtrains7768]

Might help when the electric semi needs to make 4 trips (very low load hauling capacity) and needs to pay a driver hours of time to wait for it to charge. Plus the depreciation will be enormous, and it'll pose massive risk to towns, cities and people when it inevitably goes into thermal runaway.

[@sg4tw509]

Well its wrong to say that Tesla is doing nothing. Tesla is innovative and a ground breaker developer for the future and they get paid for it. it is the best way to do it

[@blackknight4996]

Substandard junk car in EV world.

[@jovanleon7]

​@@blackknight4996 😂 best-selling, highest safety rating, highest costumer satisfaction.

[@blackknight4996]

@@jovanleon7 Play your own game because no balls to let in competitions...needs tariff to protect market shares, a loser product, from a loser country the United Snakes... LoL 🤣🤣

[@jptrainor]

The revenue is the result of regulation. Which Tesla has no control over. The regulations can come or go regardless of anything Tesla does. Hence Tesla does nothing.

[@ObiePaddles]

More accurate to say Tesla does nothing extra to earn them.

[@SAYID697]

love the way you give your opening remarks and 2 minutes into the video you say "Hello my friends...' :D

[@juliahello6673]

This was really good journalism. It taught me a lot that I didn’t know.

[@FrankGallagherr]

Tesla is the best car company ever! No gas stations, no oil changes, no smog checks, safest, lowest cost of ownership, most reliable, no maintenance, 89% customer retention and quicker than a $650,000 Lamborghini!

[@kevenfitzsimmons7191]

Thanks!

[@electricviking]

Glad you like it. ❤️

[@VictorGallagherCarvings]

I guess that it is cheaper to pay Tesla than to manufacture EV's.

[@JoshuaMcTackett]

Unless you're Tesla 😂

[@RobertMartin-s2v]

It is when you are shortsighted and give all your RnD money to the competition

[@JDMSwervo2001]

@@JoshuaMcTackettit took tesla almost a decade to become profitable

[@jhcreativex]

Not only are Tesla accelerating away from the old ICE sector. ICE also have to pay for it. Hilarious!

[@davidbeppler3032]

GM could give away well made EVs and stop paying Tesla. But if they did that, nobody would buy their ICE.

[@ShaneAbmx3]

That's simply not the case 😂🤦🏽‍♂️

[@alexmanojlovic768]

​​@@davidbeppler3032Welllllll.... that's GM's problem, either way. Serves them right for crushing all the EV1's back in the 1990's. They could have sold them to the lessors, who desperately wanted to buy them from GM, after the lease/trial period finished!!🤦‍♂️

[@davidbeppler3032]

@@alexmanojlovic768 Yep. GM could have been Tesla. Instead they are Stellantis.

[@fruityoverlord9937]

Lots of effort in this research! Thanks

[@electricviking]

Much appreciated, glad you liked it!

[@mrapp8918]

Great show, as always!

[@electricviking]

Glad you enjoyed it!

[@tonystorcke]

Tesla is getting the job done since they have been selling EV''s.

[@akakret]

Awesome info, you're my #1 for any EV news by far! Any opinions on the new Scouts?

[@matthijsbonefaas]

I’ve enjoyed your carbon credit view. For me it was an eye-opener. Thanks,

[@electricviking]

Welcome!

[@ISuperTed]

The billions in credits are being used to fund research and development interest free. Competition are literally paying for Tesla to move further ahead. It’s crazy.

[@maiakk-music]

I had that thought too... it just compounds their woes. They didn't move fast enough when Tesla got started ('ignore the fringe') and then when they finally started scrambling they were too late. Tesla's and China's ev dominance is something they didn't see coming. And now they're paying carbon credits to add insult to their injury. One of the ways Tesla's carbon credit profit will go down is when legacy brands go bust. I'm guessing that some folks in these legacy companies have forgotten to do SWOT analyses over the last 20 years! As ye sow, so shall ye reap. 🙃

[@fractalelf7760]

It’s their fault, they COULD appeal to Tesla for guidance and help but are cutting their own financial noses off out of spite. No pity.

[@alexmanojlovic768]

No, no!! "Just wait till Legacy Auto start making EV's & catch up to Tesla. Tesla are toast!!"... 😂😅 (Tumbleweed....)

[@MaxMaxis-k4t]

I believe I have seen companies claiming to be "Carbon Neutral" after they have bought carbon credits. The effect of trading in credits is never having the industry as a whole exceeding the prescribed goal.

[@tesla-reactions6955]

It's great that the money is flowing from the dirty oil industry to the clean new world.

[@10secondsrule]

You need to learn a bit more about how oil is used for everything to produce and how bad battery production really is. I’m all for electric cars but clean they are not.

[@kirankumari-nz8sv]

​@@10secondsrule new battery chemistry that tesla uses 100% recyclable I'm not jocking

[@GWAForUTBE]

​@@10secondsrule Settling ponds from a toxic dry lake bed compared to the Gulf oil spill. Hmmmm

[@davidbeppler3032]

@@GWAForUTBE Spilling millions of gallons of oil in the ocean was far worse. It has happened multiple times. 7 times, I think? Also, lithium does not have to be from dry lake beds. That is just a cheap dirty way to do it. For just a few dollars a ton, they can do it much much cleaner.

[@sammytsang7479]

Wonder if China will get some of that carbon credit from selling cars to the non western world.

[@brianbeasley7270]

Wow! That's over $1,400 per vehicle based on 7M Teslas built! I would like to personally thank the other ICE Makers for subsidizing the three Teslas we have or have traded!

[@jamesvandamme7786]

Reduce the price of an EV that much, don't send the money to Tesla, and see how many more sell.

[@brianbeasley7270]

@@jamesvandamme7786 It's already baked into the selling price.

[@pepsimaru]

That’s so stupid. They don’t want to do the thing that would sell and save them

[@Car-crazy]

That is just the point, evs are not selling and will cost manufacturers billions in lost revenue. They would rather give away less money and still be better off than making evs that no one want.

[@whowhy9023]

They can’t make a profitable EV.

[@kidamere2408]

China and most of the world says other wise its the cost no where else does a bolt turner earn 6 figures and lack of innovation is why no one wants to buy anything but a tesla​@Car-crazy

[@GWAForUTBE]

​@@Car-crazyTeslas are selling well. People don't want big legacy EVs.

[@JDMSwervo2001]

@@whowhy9023they’re selling well in some parts of the world

[@sam-1-USA]

Excellent investigation Sam. This is amazing news about Tesla that has not been revealed publicly that I have read anywhere. This will affect Tesla for years. Well done!

[@digitalroyce]

This is old news. Media has been reporting on Tesla carbon sales for years, especially when those credits were all the profits years ago.

[@daveblack5109]

I disagree with your statement that it would be easy for manufacturers to sell enough EVs. If that was the case it would have happened. Europe can't get the money right, for production or sales. and with the EU directive rising from 22 to 28% in 2025 (28% of vehicles sold by manufacturers must be ZEV vehicles) Things aren't going to change any time soon. As the fines from the EU are around E15,000 euros per vehicle its cheaper to pay Tesla or reduce the overall numbers of vehicles produced...

[@teebone2157]

It's easier and cheaper.Based on the numbers , the problem is , oil companies work with auto manufacturers and that stops all progress

[@andre495]

as long as people have cold feet for Tesla car design and car production technology nothing will change... as a Tesla shareholder I think so👍, but because so many families are becoming unemployed I think the stupidity of the traditional CEOs is 👎🤯🤬🤮

[@alexanderchristopher6237]

But it is that easy. China’s been having no problems selling a lot of EVs. It’s just the manufacturers in the EU who had been stupid about EVs for the last decade or so.

[@joebullwinkle5099]

Fascinating, I never knew this. What a bonanza for Tesla, they basically get this money for nothing, that boosts their bottom line enormously.

[@gregsutton2400]

worth explaining.

[@zgdafzgdaf4264]

This isn’t news.. it’s been known for 10 plus years. The shorts about 8 years ago were complaining about this, also the subsidies to the solar business that used to be separate company.

[@jasonmcintosh3448]

They'll be kicking of in Australia with credit sales as of next year

[@asante199x]

Essentially legacy auto is paying to put themselves out of business because they can’t keep up with Tesla. I love it.

[@maiakk-music]

That's a perfect summary! 😂

[@radicalradzik]

Reality check for analysts claiming the competition was coming for Tesla. Empty claims from complacent legacy automakers. Tesla has earned its profits and is taking action to continue evolving safety and value. Thanks Sam!

[@musk-eteer9898]

thank you OEMs and Tesla shorts for the quarter gains

[@kenjohnson6101]

If ICE manufacturers aren't switching to EVs fast enough, then the carbon price should be even higher. But if Tesla doesn't need the subsidy, use some of it to finance EV charger infrastructure.

[@Guvament_bs]

If chargers were profitable they would be building them everywhere with out guvament subsidies.

[@jptrainor]

It's probably going to disappear altogether based on the current US political winds.

[@GWAForUTBE]

Tesla has 50k chargers

[@ISuperTed]

@@jptrainorNope. Trump wins - do you really think he’ll shaft Elon? Harris wins they continue and probably accelerate.

[@ianollmann9393]

I wonder if they bill it against their IC or EV corporate segments. Clearly the carbon credits are not expensive enough!

[@mikejones-vd3fg]

So carbon is bad unless you got money... What a joke

[@nickmcconnell1291]

The U.S. is going to look like a Tesla parking lot in a few more years unless the OEMs really up their game. Once Tesla has cheaper to buy models AND Cybercabs are everywhere replacing older cars, there won't be much marketshare left for others to take.

[@BlackhawkPilot]

Carbon credits are not a secret here in the US. The is a line on automakers SEC filings that are public record.

[@Actually-y7j]

EVs, Carbon credits , Net Zero, Electric Viking are all bollocks!!

[@RawandCookedVegan]

Excellent content Sam.

[@nickmcconnell1291]

The problem for large OEMs, like Toyota, is that 10% is over 600,000 cars. Toyota would lose around $30,000 on each of those EVs since they don't have the super efficient supply lines and manufacturing speed of Tesla when it comes to EVs. 600,000 X $30,000 = $18 billion dollars! Much cheaper to buy the credits. They need to raise the price of the credits to force the OEMs to shift.

[@DimebagDarrenLowe]

Tesla is not responsible for "regulatory credits"

[@andre495]

As long as people have cold feet for Tesla technical car design and car production technology, nothing will change.... as a Tesla shareholder I think so👍, but because so many families are becoming unemployed I think the cold feet are an extreme stupidity of the traditional car CEOs 👎🤯🤬🤮

[@borshardsd]

Every year in ev credits Sam? Is it a new secret every year =b This seems like a secret in the same way paying taxes is a secret? Subsidies are also a secret maybe? Always appreciating your content Sam, just confuses by the lack of accuracy. Ty for making something to watch

[@yojoe4830]

This has been going on for years, and I and most folks knew this. This actually helped make the company profitable for the last few years. Nothing new.

[@waynewallace2061]

The irony is that legacy auto finances Tesla's expansion.

[@Carl_in_AZ]

Where are these carbon credit payouts being recorded as losses on legacy car manufacturers quarterly results?

[@brendanquinn6894]

These are publicly listed companies therefore the carbon credits paid should be itemized on their quarterly P and L.

[@Aggie4life77]

Here in the US, all they have to do is start charging more for gas and start making more affordable EV’s. We can afford EV’s, but I don’t know why these automakers think 50k to 100k is affordable. That’s a lot of money a month especially when you have increasing prices on rent/mortgage and everything else!

[@jiminauburn5073]

Yep, they are buying those credits from Tesla.

[@joeybulford5266]

Yep and the fines are stupid. They’re one of the biggest problems I have with Tesla. Let the free market decide what it wants. Stop having the government fine companies like this.

[@dougsheldon5560]

Not much of a secret here. It's on CNBC sometimes

[@dazt66]

This is no big secret the JLR, don’t build the I-pace a company in Austria build it for them

[@MidnightOtter-19]

I've known this for years.

[@frankcoffey]

Those other automakers could have made and sold EVs. They made the decision to pay for the credits and consider it a cost of doing business. The best thing about buying the credit is that is doesn't take sales away from the tailpipe cars. Toyota has that problem right now with the bZ4x, every sale is a double loss because those are Toyota buyers and would have bought a high profit tailpipe car, that's loss number one and then they also lose money on the bZ4x. The bad news is sales of the bZ4x will double this year compared to last year.

[@David-l2u6m]

My? Is do solar and wind getting carbon credit in USA battery for grid?

[@lgtwzrd]

The issue is that companies who lag behind the technology, are stripped from the capital to invest and speed up their EV technology R&D. This carbon credit system can be both incentivizing but also cripling.

[@maiakk-music]

They should have been paying a lot closer attention 20 years ago. They had blinkers on and totally dropped the ball... big time.

[@lgtwzrd]

@maiakk-music agreed

[@FrancisFjordCupola]

It's not that secret when it's known, by law and commented on by the industry itself. Real thing is, the traditional fossil-fumers have the option to built electric, but that's outside their expertise. What I'm more interested in is how much patents and intellectual property Tesla has and how much money that makes them and the answer is probably too little because I'd like to see the fossil-fumers switch over faster.

[@poboymusic1958]

Traditional ICE makers have had trouble making EVs that are competitive with Tesla, at least in the US (China is a different story). The legacy automakers have done the short term math and realized that they would lose less by continuing to make their ICE cars and pay the carbon fines to Tesla. Presumably this will end at some point, but for now, it is gravy for Tesla. And it isn’t that Tesla is “doing nothing”, it is just that they remain focused on building the best EVs they can and drive the prices down as best they can. And thus the legacy makers cannot catch up, especially as revenue the legacy makers might have otherwise put into EV improvements is being sent to Tesla, thus increasing Tesla’s lead. It is a viruous cycle of sorts. The real question is how the legacy car makers and even Tesla will maintain their lead while the Chinese continue to advance their cars, batteries and other tech…ultimately the best products will win, regardless of how short term tariffs try to fend off Chinese EVs and battery tech. For now, it is what it is.

[@roblah9597]

why do brands without exhaust even get positive carbon credits? trading them hinders faster development..

[@rogerbritus9378]

That was surprising

[@thewolfdoctor761]

The carbon credits have resulted in Tesla building the Berlin and Texas gigafactories at zero cost.

[@alisterridgard6248]

Being paid for being correct, how ironic, sounds like a winner no matter how you see it.

[@jluis333]

I think it would be easier to just buy chinese evs and slap a logo on them and sell them cheap. Majority of people would go for that

[@davidbeppler3032]

Straight from Mexico!

[@killedbycoconuts]

But nobody would buy them because there would be no rebate on them - automatically making them $7500 more expensive to the consumer.

[@tedgrier6249]

What about deisel truck manufacturers needing carbon credits?

[@dadys31]

Tesla are killing the legacy car manufacturers more and more every day

[@kamra99a]

All of this complex regulation is completely unnecessary. We just need one thing, and that's a tax on oil, coal and gas at the mine or well. Raise the tax every year and every other carbon-related regulation could be abandoned.

[@cvrart]

Hopefully Trump will put an end to this BS.

[@MichaelWashingtonAE]

C'mon Sam, it's no secret and it's been known here in the U.S. for years. Sure, there are always some people who choose not to look for information but it's been there.

[@TheCostofAutism]

20:10 Considering that their Chinese mega pack factory will begin shipping in the first quarter of next year... The amount of credits Tesla has available to sell will increase exponentially.

[@Bartron-z2x]

NEVER WAS A SECRET. Public statute known to all who care. Transactions are public records in security disclosures. The other companies could just pay the fines.

[@johnporter5828]

This just shows how much legacy car makers are desperate to just keep making ICE cars and ignoring the future....

[@ellWayify]

I think get rid of the credits and instead they should be forced to sell evs. Credits allow them to not sell evs intentionally which is the opposite of what is needed to reduce climate action.

[@trythis2821]

Thought it would be carbon credits. Well played.

[@pan6593]

That‘s because it is.

[@trythis2821]

@@pan6593 Yes indeed, I like to guess what the video is going to be about from the title. Often, I am wrong or don't know.

[@electricviking]

Glad you liked the video, it’s a complex topic for sure!

[@w0nd3rlu573r]

Old news, but still true.

[@jamesdubben3687]

Does rivian or lucid claim any of these credits as income?

[@jeffreymckie3328]

Seems obvious now that ice manufacturers have been all advertisers and bean counters. Ads promote myth of their tech and accuracy and skill. Bean counter over engineers. Tesla has great engineers, they are their own bean counters and advertising is unnecessary when you have great products.

[@kevin-e5h5t]

ICE carmakers are required to "off-set petrol car emissions" to non-ICE makers. This is a tax on them to move to EV makers in general. If they join the EV gig, they get some if it back.

[@randycarter2001]

It has to be nice to make money by just being Tesla. This is despite the fact all of legacy auto had determined that Tesla would fail.

[@maiakk-music]

There's a saying along the lines of: First they ignore you. Then they laugh at you. Then they fight you. Then you win.

[@apn42]

If Tesla were using the money to develop new and affordable electric cars for the masses this would be a good thing.

[@bhaskartube]

It’s about green credits. Once the politics changes in US the whole thing will shut down.

[@davidbeppler3032]

Tesla saved Legacy Auto billions of dollars in fines! Tesla is constantly helping Legacy Auto survive! Without Tesla GM and Ford would have already went bankrupt! Elon is a great guy for helping them stay in business when they could have just built expensive EVs and given them away! Instead of helping consumers, GM and Ford are paying Tesla! ICE prices are going up. EV prices are going down. Gas prices are going down. Electric prices are going up. Taxes on ICE are going down. Taxes on EVs are going up. Insurance on ICE is going up. Insurance on EVs is going down. Follow the money.

[@puzer1]

lol, secretly...this is a well known fact to anyone even remotely familiar with the automotive industry...

[@CarlosReghis]

Tesla takes corner while Legacy brands do corner.

[@lgtwzrd]

This fact may sound funny. Tesla making paper out of thin air literally. But to be honest, personally I disagree with such market regulation. What's to stop regulators from abusing such power and playing favorites with whatever companies have the best lobbying machine in place.

[@David-l2u6m]

Will the robo taxi get credit for cutting vehicles on the road thing like this is the thing that changes thing's because of less need for cars to be manufactured will self driving get carbon credit

[@MarksElectricLife]

“Piece of piss” 😂🤣

[@iggyboo]

Ah so that's what keeping Tesla alive

[@mannygee005]

I have a question, does Tesla have unsold ZEV credits? I don't know if you cover it. The credits depend on the range of the EV that they build etc. Which is the limiting factor, are the other auto makers buying all the credits they need or is Tesla running out of credits? If Tesla increases production of EVs will they increase credit profits? or are they maxed out? I believe they're maxed out - this amount depends on other auto makers (or whomever buys credits). I think that Tesla has excess credits with no buyers, yes? Search seems to say so... but I don't know if the search understands my question.

[@fractalelf7760]

To counter a bit here, all these legacies are getting either preferential treatment politically or financial assistance or even bailouts. Sounds like a level playing field to me…. Fwiw these regulatory credits help but at the end of the day… the legacies just aren’t moving forward on EVs…. That’s on them. Tesla benefits, but does not need these to succeed, the balance sheet shows this clearly. Kind of stunning the number of people here saying “I didn’t know” is nuts… this whole system is well known.

[@warrenpitt6205]

BYD Shark news?

[@cicaizrogace8054]

Niko ne želi električne automobile a država plaća svoje prijatelje za to što prave vozila koja nikome ne trebaju.

[@gc9529]

I'd be curious to know how much US (and other countries) money the Tesla companies (auto, battery, PV, space x ,etc) get each year and cumulative. Is it possible to discover this information? It may be one of the biggest government feeders ever. Have to admit, Tesla must laugh all the way to the bank each quarter with these carbon credit payments.

[@HaraldinChina]

they don't sell NEVs bcause they can't. Don't know how to make competitive products. Simple as taht.

[@lophiz1945]

If it's a secret, how do you know about it? Regardless, kudos to Tesla for a smart win-win business deal. So what is your objection?

[@brucealmberg]

It's not a secret.

[@mrweisu]

EU is incredibly dumb 😂

[@ski1749]

So that is that per tesla sold? $2500?

[@philipbrown9006]

The problem isn't that manufacturers are refusing to sell electric cars. The problem is that the public are refusing to buy them.

[@richardnwilson]

Worldwide ice car sales peaked in 2017 and have dropped ever since. Meanwhile, all electric car sales increased 35% in 2023 year over year.

[@Hotspur37]

Tesla doesnt seem to have any problem selling its cars. The public is refusing to buy some of the crap EVs legacy car companies are trying to make because they though just stick a battery in their existing product and it will be easy to bury Tesla. Turns out its not so easy.

[@metriczeppelin]

Not so, as @Hotspur has said, and I agree, US legacy manufacturers have dragged their feet and when push came to shove they did in fact for the most part decode they could turn selected ICE vehicles into competitive EV's on the same production line no less. Fast forward to 2024 they have found out to their dismay, the US automotive purchasing population doesn't like what Detroit has building. Being 10 years late to the party hasn't allow Detroit to make the best decisions to begin with and now it shows.

[@ISuperTed]

For some EV’s that’s true, but considering how bad the overall car market has been in the last 3 years especially, Tesla are doing great. Some legacy makers are for sure having a really hard time and need to up their game. Plenty of demand out there for the right EV.

[@philipbrown9006]

@@ISuperTed The problem is that it is very difficult to make an EV offering the same convenience as an ICE car at the same price, and providing fast charging stations cheaper than petrol is proving financially difficult. If EVs really are better than ICE cars, then surely these should be able to succeed without the need for subsidies or mandates, as digital cameras did?