- Tesla just reported record Q3 vehicles deliveries, which will result in more renewable energy credits it can sell to automakers like Ford, GM and Fiat Chrysler.
- Other electric vehicle start-ups, such as Nio, Rivian, Lordstown Motors and Nikola, could benefit from zero-emission vehicle credits in the years to come.
- More U.S. states are planning credit programs or will make existing ones stricter, and cover more classes of vehicles, including trucks.
- The emissions trading market has proven to be a successful example of climate finance.
Tesla’s ability to manufacture electric vehicles without losing money has been a constant concern for investors. As renewable energy credits have played a significant role in the recent string of quarterly profits from Elon Musk’s EV company, they have been a source of some frustration for Wall Street analysts — who have struggled to get a handle on how