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Tesla Earnings Receive a Boost from 'Green' Car Credits

Tesla Motor Co. (NASDAQ: TSLA) may end up making $188 million this year from selling greenhouse gas and zero emission vehicle credits. Adam Jonas, an analyst at Morgan Stanley, says that Test is expected to draw about 11 percent of its annual revenue this year by selling 'green' car credits to other automakers. Most automakers are under pressure to meet clean air policies in US states such as California. Ever since this report came out, the shares of Tesla have jumped by about 50 percent. The automaker, which produces the Model S electric sedan, relied significantly on its 'green' credit sales during the first quarter as it reported its...

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