PER2:
Tesla does not break down its profits from regulatory credits by region, or between the three American programmes. But a person familiar with the matter said that on average as much as three-quarters came from the US, with the remainder from similar systems in the European Union and Asia.
In the US, there is little hope of reviving US federal emission credits while Trump is in office. But California has sued over the administration’s efforts to shut down its scheme, in which Tesla has by far the biggest balance of credits.
Beyond selling cars and credits, it also manufactures its own batteries, runs a network of about 2,600 US EV supercharger stations, builds solar roof tiles and commercial and residential battery storage packs. Almost all of those businesses will lose significant federal support or tax relief; only energy storage subsidies remain in place. Particularly damaging will be the removal of a $7,500 federal tax credit for certain EV purchases and leases at the end of September.