Tesla Sells Carbon Credits to Honda for $13.8m
According to the report, which was based on SEC filings for the company’s upcoming IPO, Tesla has not turned a profit since its founding in 2003.
Tesla also said that it sold credits to another unidentified automaker.
Honda needs the credits under California’s Zero Emission Vehicle law, according to the report, which added that the Japanese automaker acquired permits equivalent to 368 cars, and has a contract for an additional 287.
Under the state regulations, Honda, Toyota, Ford, GM and Nissan must sell a combined 60,000 plug-in hybrids or battery operated vehicles over a three year period. Honda lacks a plug-in model.
Honda is also the only company leasing hydrogen cars to retail customers in the U.S., according to the report.
Energy Manager News
- Clauses to Consider in Green Leases
- Bahama Yacht Club to Generate Power from Solid Waste
- Duke Energy, USF Launch Solar Battery Research Initiative
- Energy Storage Helps Hotel Reduce Demand Charges by 10%
- EU Smart Campus Pilot Achieves 30% Energy Savings
- Uline to Operate 130 GenDrive Fuel Cell Units from Plug Power
- Los Angeles Shopping Center Installs 504 kW Solar
- SustainCo Wins $575,000 Contract for Energy Management Controls