Gee, What a Shame 🤣

Not generally a fan of the Trump administration's actions with regard to anthropogenic climate change, but as I have noted before, I am not a fan of carbon credits, which I see as an inherently corrupt system.

Frequently, as is most the egregiously the case with The Nature Conservancy  these credits involve the sale of, "Credits," derived from activities that already would have happened.  (The Nature Conservancy sells carbon credit for properties that they had already declared will never be logged)

Another case is credits to EV manufacturers, who would have tried to sell the same cars with or without carbon credits.

So we have a case where bad politics, their being pro-pollution, results in good policy, 

That is a bit of brightness in the dark, but this is not what I find amusing.

What I find amusing is that the 2nd most egregious abuser of this program is Tesla, whose profits would be nearly non-existent without those credits and now the Apartheid Era Emerald Heir Pedo Guy™ is having major butt-hurt over the loss of revenue: 

Despite the occasional stock market rally, Tesla is clearly struggling. The EV company, once the crown jewel of its industry, has seen steep declines over the past year, as its CEO, Elon Musk, continues to draw criticism over his political activities. Sales for the company are down all over the world, despite its recent introduction to new markets, like India. Now, as Tesla struggles to keep its head above water, another significant revenue stream is about to run dry, thanks largely to Musk’s former “buddy,” President Trump.

On September 30th, the EV regulatory credit is set to expire. The program, which has allowed gas-powered vehicles to sidestep federal fines linked to the pollution they create, has served to enrich a small number of electric vehicle producers, most notably Tesla. To avoid getting dinged over their emissions (the government has incentivized EV production by fining firms that fail to produce a certain threshold of zero-emission cars), traditional car companies can purchase “credits” from EV makers like Tesla, which allows them to stay within compliance.

For years, the EV regulatory credit has provided Musk’s company with a financial lifeline. Indeed, according to an E&E News analysis of Tesla’s securities filings, the company has earned over $10 billion from the scheme, a third of the company’s total profits over the last decade. Reuters reports that such credits are currently “crucial for Tesla’s finances” and that they have represented the “main driver” of the company’s profits during the first quarter of 2025. In that sense, despite its supposed mission of making the world a healthier place, Tesla has ironically helped to incentivize the continued production of gas-guzzling, emissions-producing cars, as the EV credits scheme has allowed many of the big-name automakers to continue on with business-as-usual.

 I've had my schadenfreude for the month.