- Stellantis NV, the automaker formed via merger between PSA Group and Fiat Chrysler, announced that its ending its European emissions-credits purchasing agreement with Tesla.
- For years, Tesla has earned billions in revenue from selling regulatory credits to petrol automakers exceeding maximum emissions standards.
- This revenue is 100% profit and has consistently exceeded Tesla’s operating net income (pushed Tesla into profitability).
- As more automakers manufacture electric vehicles, this revenue will decline significantly.
- Tesla has sold Stellantis $1.9B worth of regulatory emissions credits since 2019.
