Tesla Senior Associate For Regulatory Credits Leaves After Realizing $890M In Revenue For EV Giant In Q2
Portfolio Pulse from Anan Ashraf
Tesla's senior associate for regulatory credits, Ashlee Ramanathan, has left the company after helping realize $890 million in revenue from regulatory credits in Q2. This revenue source was crucial as Tesla's car sales revenue dipped. Tesla has $4.9 billion in unsatisfied contracts for regulatory credits, with $459 million expected to be recognized in the next 12 months.
July 31, 2024 | 7:23 am
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Tesla's senior associate for regulatory credits, Ashlee Ramanathan, has left the company after helping realize $890 million in revenue from regulatory credits in Q2. This revenue source was crucial as Tesla's car sales revenue dipped. Tesla has $4.9 billion in unsatisfied contracts for regulatory credits, with $459 million expected to be recognized in the next 12 months.
The departure of a key associate may raise concerns about the management of regulatory credits, but the significant revenue from these credits and the large backlog of unsatisfied contracts should mitigate any negative impact. The news is important but not critical, as Tesla's financial health remains strong.
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