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Tesla Set for $1 Billion EU Windfall
Mint Kolkata
|January 09, 2025
Tesla Inc. could collect more than €1 billion ($1 billion) in compensation from rival automakers needing help to meet tougher pollution standards in the European Union this year, UBS Group AG analysts said.
The US company will pool the fleet of electric vehicles it sells this year with at least five other manufacturers, led by Toyota Motor Corp., Stellantis NV and Ford Motor, according to an EU document issued Tuesday. The arrangement allows carmakers to average out the emissions of fleets, with those selling fewer EVs compensating companies like Tesla that over-comply with the limits on carbon dioxide emissions.
"Tesla's compensation may even exceed €1 billion if it monetizes its entire long CO2 position," UBS analysts led by Patrick Hummel wrote in a report published Wednesday.
Dit verhaal komt uit de January 09, 2025-editie van Mint Kolkata.
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