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Look like Elon Musk is taking a leaf out from LTA's COE scheme. $2.1 billion earned in 9 month just for doing nothing. 🦾🦿🦾 @inlinesix I know you like to quote Tesla everytime when the topic of dealer's profits were raised. It's time to rethink if Tesla's strategy is sustainable in long term, especially with Trump at the helm.🥱 Over 40% Of Tesla's Profit Comes From Selling Regulatory Credits (InsideEVs) Tesla has made $2.1 billion this year by selling regulatory credits to automakers that haven't hit emissions targets. Credit sales account for 43% of the automaker's profit. If environmental standards get rolled back, that money may dry up. These credits have long been a big part of Tesla's business. U.S. and other government standards require automakers to hit fleet-wide emissions targets. Companies that are above those targets must buy credits to bring down their average. They buy credits from companies like Tesla, which only makes zero-emissions vehicles, and other brands that are more efficient than required by law. This incentivizes companies to beat their targets, as it opens up a valuable revenue stream, while still providing leeway for those that can't or don't want to sell more efficient vehicles. The credit-selling business was even more crucial to Tesla earlier on. Back when other automakers were struggling to get their EV programs off the ground, and Tesla was losing money on most cars it made, profit from regulatory credits was a lifeline. Many have argued it would have never survived without them. On the other hand, Prabowo has a different vision. 🤣 Indonesia is revving up its ambition to have a national car. Can a weapons firm deliver? (CNA) All senior government officials are to start using a car built by state-owned munitions company Pindad. This has stoked national pride, but analysts point to a long road ahead. When Mr Prabowo Subianto arrived for his inauguration at the Indonesian parliament complex in Jakarta on Oct 20, he was seen using a white Toyota Alphard multi-purpose vehicle (MPV). But by the time he emerged as Indonesia’s eighth president, a different ride was waiting for him at the lobby: a Maung Garuda. “(Mr Prabowo) is proud to be using Maung Garuda Limousine as his official car,” he said, as quoted by Detik news website. The president has also said that he wants Indonesia to be self-sufficient and push for a homegrown automotive industry, among other things. “To be honest, in my heart, I refuse to accept that the world’s fourth (most populous) nation, a nation blessed by God with tremendous (natural) wealth... cannot produce its own cars, cannot produce its own motorcycles, cannot produce its own computers,” Mr Prabowo told a regional leaders’ convention on the outskirts of Jakarta on Nov 7.