Tesla Set for $1 Billion EU Windfall
Mint Ahmedabad|January 09, 2025
Tesla Inc. could collect more than €1 billion ($1 billion) in compensation from rival automakers needing help to meet tougher pollution standards in the European Union this year, UBS Group AG analysts said.
Bloomberg

The US company will pool the fleet of electric vehicles it sells this year with at least five other manufacturers, led by Toyota Motor Corp., Stellantis NV and Ford Motor, according to an EU document issued Tuesday. The arrangement allows carmakers to average out the emissions of fleets, with those selling fewer EVs compensating companies like Tesla that over-comply with the limits on carbon dioxide emissions.

"Tesla's compensation may even exceed €1 billion if it monetizes its entire long CO2 position," UBS analysts led by Patrick Hummel wrote in a report published Wednesday.

هذه القصة مأخوذة من طبعة January 09, 2025 من Mint Ahmedabad.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة January 09, 2025 من Mint Ahmedabad.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من MINT AHMEDABAD مشاهدة الكل
Mint Ahmedabad

A Boycott of Costco for Its DEI Efforts Is Not Likely to Succeed

The US retailer has a loyal base of shoppers that it's unlikely to lose

time-read
3 mins  |
January 10, 2025
Mint Ahmedabad

Wealth tax: Let's judge it by principles of taxation

Tax canons laid down by Adam Smith remain relevant, though his list has been extended. Test the idea of a wealth tax against these, lest we get carried away by progressive idealism

time-read
2 mins  |
January 10, 2025
Mint Ahmedabad

Hacked in 2024? India's privacy rules require you to take action

Draft digital personal data protection rules demand that data breaches be reported retrospectively

time-read
3 mins  |
January 10, 2025
Mint Ahmedabad

Let's take cues from Piketty to raise India's tax revenue

When it comes to budgeting, there are some revenue streams that are linked with broader growth in the economy.

time-read
4 mins  |
January 10, 2025
Mint Ahmedabad

Health insurance claims: How to ensure grievance redressal

My health insurer recently rejected my claim, citing my inability to provide key internal hospital papers that they require. Despite having submitted all other necessary documents, they are insisting on these specific papers, which I am unable to obtain from the hospital. I believe my claim is valid and that I have complied with all the necessary documentation required. What are my options to ensure that my grievance is handled fairly and my claim is reconsidered? -Name withheld on request

time-read
2 mins  |
January 10, 2025
Mint Ahmedabad

Top 5 AI Trends To Watch In 2025

From agentic systems to humanoids, AI is everywhere. But ethical concerns remain over its growing role

time-read
8 mins  |
January 10, 2025
Mint Ahmedabad

MFD, RIA, RA: Explore your career as a financial adviser

Understand the earning potential, licensing and compliance to choose your best suited path

time-read
4 mins  |
January 10, 2025
Mint Ahmedabad

Cutting Through the Clutter: Key Focus Areas for Retail Investors in 2025

Remember that social media is for fun, and not serious topics such as personal finance advice

time-read
3 mins  |
January 10, 2025
Mint Ahmedabad

Centre to give LPG subsidy to oil PSUs

The government is likely to provide a subsidy of ₹35,000 crore to state-owned Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) to make up for losses they incurred on selling the fuel this fiscal, people aware about the development said.

time-read
1 min  |
January 10, 2025
Mint Ahmedabad

Adani group to sell 20% in Wilmar JV

Adani Group plans to sell a stake of up to 20% in Adani Wilmar amid plans to exit.

time-read
1 min  |
January 10, 2025