Wrong. Regulatory credits make up less then 3% of @Tesla’s automotive revenue. Tesla's GAAP net income YTD is $8.87 billion. $1.3B of that (or 14.7%) comes from regulatory credit sales. This means ~85% of Tesla's profits come from selling profitable physical products & services. https://t.co/cjeWuc6jHn

— Sawyer Merritt (@SawyerMerritt) November 26, 2022