Tesla make its small profit by selling creditsI agree that Tesla's valuation is ridiculous. Even if you go by future possible production and sales it doesn't make any sense anymore.
"To be clear, Tesla did , under generally accepted accounting principles (), marking the company's first full year of profitability. But that profit did not come from the core business of manufacturing cars. Tesla booked a whopping $1.58 billion of revenue from last year, more than the previous three years combined. Tesla's net income of $721 million in 2020 turns into a substantial loss if those regulatory credit sales are backed out........"

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