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GM and Fiat Chrysler unmasked as secret cash source of Tesla Bloomberg
For years, Tesla Inc. has earned revenue by selling credits to other automakers to offset sales of polluting vehicles to US consumers. These types of transactions have been largely hidden in secrecy – until now. General Motors Co. and Fiat Chrysler Automobiles NV announced to the State of Delaware earlier this year that they had entered into agreements to acquire federal credits for greenhouse gases from Tesla. Although the deposits are not detailed, they have never been reported before. They also represent the first recognitions of car manufacturers who turn to Tesla to help them …
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