Tesla's Regulatory Credit Sales Hit $1.8 Billion in 2023, Surpassing Expectations
Despite predictions of a decline, Tesla's revenue from regulatory credits increased slightly from the previous year, highlighting the company's ongoing dominance in the EV market.
- Tesla earned $1.79 billion from regulatory credit sales in 2023, defying expectations of a decrease.
- The company has accumulated nearly $9 billion from this revenue stream since 2009.
- Regulatory credits are sold to automakers unable to meet emission regulations, with Tesla leading in EV production.
- Despite a 3% increase in fourth-quarter revenue, Tesla missed the Street consensus estimate, raising questions about its growth.
- BYD Co. Ltd. overtook Tesla as the world's leading EV seller, posing a significant challenge to Tesla's market position.
Benzinga 
Business Insider 