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Stellantis Won’t Need To Buy Tesla Emission Credits Anymore:

Stellantis Won’t Need To Buy Tesla Emission Credits Anymore:​

CEO Tells French Newspaper, Automaker Will Meet New co2 Goals...​


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For a number of years now, former Fiat Chrysler Automobiles (FCA) had purchased co2 credits from Tesla, in order for the company to maintain compliance with environmental regulations. The deal was good for both companies, as FCA could continue producing its vehicles that were generating billions of dollars in revenue and Tesla was lining their pockets with much-needed cash flow.

Now, as a new era is starting with the formation of Stellantis, the merged identity of FCA and Peugeot S.A. (PSA), the partnership with Tesla is about to change.

 
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cygnus

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When exactly will the credit purchases cease? Because when they do, Telsa is no longer profitable and I absolutely want to time a short position to that event.
 

Sickboy

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When exactly will the credit purchases cease? Because when they do, Telsa is no longer profitable and I absolutely want to time a short position to that event.
My sentiments exactly. But this seems applicable for their automotive business only. People throw money at his company for lots of reasons now. Guess it was smart to diversify.
 

Tony K

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When exactly will the credit purchases cease? Because when they do, Telsa is no longer profitable and I absolutely want to time a short position to that event.
Note to anyone who doesn't understand laws surrounding trading, specifically trading on insider information:

What Is Insider Trading?​

Insider trading involves trading in a public company's stock by someone who has non-public, material information about that stock for any reason. Insider trading can be either illegal or legal depending on when the insider makes the trade. It is illegal when the material information is still non-public, and this sort of insider trading comes with harsh consequences. - Insider Trading Definition
 

cygnus

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My sentiments exactly. But this seems applicable for their automotive business only. People throw money at his company for lots of reasons now. Guess it was smart to diversify.

Not exactly. Their energy business is shrinking, and the installation estimates/prices for the solar roof installs have skyrocketed since they've now had a come to Jesus moment on what they would need to charge to make it a viable business. Panasonic has completely exited their Tesla partnership for the Buffalo Gigafactory ( ).

The only thing holding up Tesla is China, EV credit sales, and the fraud they've managed to sell 'Full Self Driving' while referring to it as SAE Level 2 driver assistance in legal correspondence with the state of California as of a week ago.
 

cygnus

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Tony - I'll give deference to what you've cited once the SEC starts enforcing security laws, which last I checked, they mistakenly applied over a decade ago with Martha Stewart.

They're bumbling idiots, completely toothless, and between NHTSA and the SEC have allowed Musk to get away with murder via FSD claims, and fraud with respect to the games TSLA plays with Accounts Receivable/end of quarter sales being booked twice, and the revenue they recognize from FSD sales.

This country used to enforce the rule of law. Now we have bumbling bureaucrats who will eventually show up to a crime scene after they've been contacted multiple times that there is an active multi-hundred billion dollar+ scam being perpetrated, and consumers dying from believing in bad marketing claims in the process.
 

Tony K

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Tony - I'll give deference to what you've cited once the SEC starts enforcing security laws, which last I checked, was over a decade ago with Martha Stewart.

They're bumbling idiots.
They may be bumbling idiots, but the law is still the law. If you run afoul of it and get prosecuted, you can't pull the "what about" card.
 

Tony K

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At @cygnus and the proper course of action is never to violate the law "because Bobby got away with it," but to vote the bums out of office that let these kinds of things keep happening...and spare me the excuses on why that won't happen.
 

cygnus

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They may be bumbling idiots, but the law is still the law. If you run afoul of it and get prosecuted, you can't pull the "what about" card.

Tony - nothing you've cited of what I've posted connects to insider trading. It's material information to Stellantis investors as to when this phasing out will occur. Any competent analyst during an earnings call should be asking this. And Tavares or whoever is on the call is free to answer, or not answer.

This is literally putting one and one together.
 

Bili

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[sarc]I really like Tavares' interviews with French media outlets[/sarc]

Back at the merger day Tavares held a Conference Call. There and then he said that FCA, unlike Opel (ex GM Europe), will not have issues with meeting CO2 goals. This means that ex-FCA has or will have technologies on sale which will help them to hit a CO2 targets.

The plan was to hit it by 2022 or during 2022. Guess what. Deal with Tesla for the EU market expires at the end of 2021.

One important thing. On one place they are keeping some misconceptions. At this ex-PSA just like ex-FCA doesn't have any important electrification technology on sale or in use. Ex FCA had it at the time when Marelli was a part of FCA. For example some eTorque systems on ex FCA vehicles like on the HEMI V8 and inverter for Chrysler Pacifica PHEV. There may be more electrification tech made by Marelli which is on use on FCA's electrified cars.
And of corse there is EVT made in house for Pacifica and Chinese Grand Commander but it's not widely used.

At this very moment ex-PSA has no important electrification tech in production, in house production or JV production.
 

Sickboy

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Not exactly. Their energy business is shrinking, and the installation estimates/prices for the solar roof installs have skyrocketed since they've now had a come to Jesus moment on what they would need to charge to make it a viable business. Panasonic has completely exited their Tesla partnership for the Buffalo Gigafactory ( ).

The only thing holding up Tesla is China, EV credit sales, and the fraud they've managed to sell 'Full Self Driving' while referring to it as SAE Level 2 driver assistance in legal correspondence with the state of California as of a week ago.
It’s a shame. I work a stones throw from the buffalo gigs factory. I always thought it was a vapor ware plant, it’s just a shame my fair city was duped into giving him money for it
 

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