From Nasdaq:

Elon Musk’s Tesla Inc has made $1.79 billion in revenue from regulatory-credit sales to automakers falling short of emission regulations, despite Tesla’s expectation of diminishing revenue from this stream in the future. The buyers of these credits have not been disclosed but Tesla’s CFO has indicated earnings from these credits will eventually reduce.

Tesla’s unexpected resilience in regulatory-credit sales is juxtaposed by increasing competition, particularly from China’s BYD Co. Ltd. The company is facing a slowdown in EV demand, casting doubt on its ability to maintain its growth. Elon Musk’s efforts to position Tesla as an AI investment have not been successful, and the company missed the Street consensus estimate of $25.62 billion revenue in Q4.



Read more: Elon Musk’s Tesla Defies Odds, Reportedly Rakes In $1.8B From Regulatory Credits Despite Expected Decline