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Tesla lost a large carbon emission rights customers, investors think it will not have an impact on its performance

May 5, 2021

Stellantis, formed by the merger of Fiat Chrysler and Peugeot, announced that it would no longer buy carbon emission rights from Tesla. In the past four quarters, Tesla earned about $1.7 billion by selling its carbon emission rights, with an operating profit of $2.3 billion in the same period.


It is understood that this plan of stellantis only affects the purchase of carbon emission rights in Europe, and has little impact on business in other regions. The carbon emission trading will not disappear.


From now to 2030, the EU's carbon emission regulation will be increasingly tightened, and some automobile manufacturers will be difficult to keep up with the pace of regulatory agencies, which means that some automobile manufacturers will buy carbon emission rights, and Tesla can continue to sell carbon emission rights.


Investors don't think this will have a significant adverse effect on Tesla's performance. Tesla's shares fell $2.66, or 0.39%, to close at $670.94 in regular trading on the 5th local time, after bottoming out at $667.35.

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