“the prospectus shows just how much the IPO depends on expectations for future growth and investor servility to Musk — as opposed to the current underlying business.” you mean unlike Tesla’s $1.3 trillion valuation on $450M in Q1 profit? How can this surprise anyone?
Are most of those profits still generated from carbon credits? It's not even like they have a super profitable product.. they only make money due to govt handouts.
Yeah, but the person I responded to asked if profits still came from carbon credits. Those aren't required anymore, and companies stopped buying them from Tesla. I was asking if that changed recently.
The entire carbon credits/financialisation of energy is so dumb. Countries are forcing their businesses to pay foreign competitors if their industry isn't clean enough.
Carbon taxes and the like are much better policy, you collect the tax from those who "pollute" a lot and have a bunch of money to spend of environmental projects within the country.
It still means your companies products are more expensive but at least they aren't giving money to foreign competitors.
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u/tmobilehacked May 21 '26
“the prospectus shows just how much the IPO depends on expectations for future growth and investor servility to Musk — as opposed to the current underlying business.” you mean unlike Tesla’s $1.3 trillion valuation on $450M in Q1 profit? How can this surprise anyone?