Dividend

    How big is Tesla’s first-mover advantage on electric vehicles (EVs)? At least $2.4 billion, it turns out. As VW launched its ID3 “to rival Tesla” this past week, the bigger news has been almost completely missed. In order to meet the EU’s strict 2021 vehicle emissions requirements, Fiat Chrysler Automobiles (FCA) will pay Tesla up to $2 billion for the necessary emission credits that ensure that it avoids hefty fines for non-compliance. And from 2016-2018, Tesla already received $400 million from sales of emissions credits to other automakers. Now that’s what I call a sustainability driven EV dividend!

    — Wayne Visser

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    From Purpose Inspired: Reflections on Conscious Living, Volume 1. Buy on Lulu ↗