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VWAGY - Tesla And The Demise Of California Air Resource Board's ZEV Credit Market
Volkswagen AG ADR Repstg 1/10th Sh
For the first time in Tesla's (TSLA) history, they have accumulated a sizable briefcase of zero emission vehicle (ZEV) credits in many of the states following California Air Resource Board's ZEV mandate. Looking back at prior state model year reports, Tesla consistently sold the majority of their ZEV credits as soon as they were generated. FCA (FCAU), Ford (F), GM (GM), Honda (HMC), JLR (TTM), Mazda (OTCPK:MZDAY), Toyota (TM), Subaru (OTCPK:FUJHY), and VW (OTCPK:VWAGY) have