Where Elon Musk and Tesla earn real credit ‘eating the lunch’ of auto competitors

  • Date: 03-Oct-2020
  • Source: CNBC
  • Sector:Transport
  • Country:GCC
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Where Elon Musk and Tesla earn real credit ‘eating the lunch’ of auto competitors

Elon Musk guest appearance on CBS sitcom "The Big Bang Theory." The renewable energy credit market has created a trade in which Tesla competitors have been compelled to buy zero emissions compliance from Musk's company, or as one renewable energy expert put it, "The last thing a company wants to do is pay their competitor to eat their own lunch."Monty Brinton | CBS | Getty ImagesTesla's ability to manufacture electric vehicles without losing money has been a constant concern for investors. As renewable energy credits have played a significant role in the recent string of quarterly profits from Elon Musk's EV company, they have been a source of some frustration for Wall Street analysts — who have struggled to get a handle on how much revenue these credits will rack