Comment by njarboe
18 hours ago
BYD does not make most of its revenue on BEVs. It is mostly batteries and more plugin hybrids than BEVs and they lose money selling BEVs (less than almost all other electric car makers though). Tesla make only BEVs and make a profit doing so (the only? large maker to consistently do so).
I believe Tesla's profits are from carbon credits, not vehicle sales.
They have positive gross margin and net margin. That's not ZEV credits.
Tesla was only profitable the last few quarters due to selling their carbon credits to other companies. They'd have lost money otherwise. And since Trump basically did away with that, Tesla is no longer a profitable company now.