The ‘Chinese owner’ of Nexperia: How Zhang Xuezheng’s tech empire fell to geopolitics
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Musk battles to save Tesla from Trump
Musk battles to save Tesla from Trump - Lemmy.World
Paywalled, sorry, here are highlights; > Trump’s “big, beautiful bill” puts at risk a crucial source of profit for Tesla by neutering rules that allow the electric-vehicle maker to sell billions of dollars of emissions credits. > Trump has vowed to kill the US’s three parallel systems of emissions credits, in the name of lower car prices… His “big, beautiful bill” targets a third system, the federal “corporate average fuel economy” (Cafe) standards. The programme penalises automakers whose vehicles fall short of fuel-efficiency targets and rewards those that produce no emissions with clean air credits, which can then be sold on to gas-focused rivals to offset their fines. > Selling credits under Cafe and similar systems in other jurisdictions contributes a substantial and growing proportion of Tesla’s profit. > In the first quarter, Tesla’s reliance on the systems was stark: it would have made a loss if not for credit sales, which rose 35 per cent to $595mn, eclipsing Tesla’s overall $409mn of net income.
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