One of the more critical sections of Tesla’s business just became a little more translucent. Recent filings demonstrate that Fiat Chrysler (FCA) and GM have purchased zero-emissions vehicle credits from Tesla, as reported by Bloomberg this week.
Now, Tesla’s ZEV credit program is known to all. The firm has brought in almost $2 Billion in profits since 2010 when it initiated selling regulatory credits to automakers that required offsetting sales of polluting vehicles in the U.S. Furthermore, this is said to be a revenue stream that has been either criticized or lauded for years now as the media and analysts debate whether this assists or damages Tesla’s end product. However, until now, little was known about who was doing the purchase and why. Earlier, the offset sales of vehicles that generate tailpipe emissions were assumed as the reason for this purchase. When reached to Tesla, it refused to comment on this topic.
On a similar note, Tesla came into the news as it has been offering its customers with a selection named Full Self-Driving (FSD) option on its cars for years now. However, the FSD technology was not ready for its public use. This situation made more than a few people who disbursed the greenbacks on the pricey option a little salty. However, now they will be getting a perk to hold them over. According to an Ars Technica article this week, the perk that these customers will get is early access to the software updates. However, this facility only applies to individuals who had purchased FSD by March 1, 2019.
Reportedly, this shift by the firm came after it published a blog post that offered Tesla owners the opportunity to add this feature at a cheap price. Apparently, this price is less than the cost customers paid to select it when they order their vehicles.