> Tesla loses money on every car. They make money from regulatory credit trading.

Absolute hogwash. In 2021, Tesla made 43B revenue in automotive sales and only 1.5B in regulatory credits, which is less than net income of over 5B.

That is including massive short term hit by continuing investments in new factories and new products.

Good luck spinning.

https://www.sec.gov/Archives/edgar/data/1318605/000095017022...