Reported about 22 hours ago
Tesla Inc. is expected to receive over €1 billion ($1 billion) in compensation this year from rival automakers struggling to meet stricter EU pollution standards, according to UBS analysts. The company will pool its electric vehicle sales with manufacturers like Toyota, Stellantis, and Ford, allowing those with fewer EVs to compensate Tesla for exceeding carbon dioxide limits. The arrangement raises questions about compliance for other carmakers like Volkswagen and Renault, who may face significant earnings risks.
Source: YAHOO