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<blockquote data-quote="Weather Man" data-source="post: 16600857" data-attributes="member: 137766"><p>Biggest ****ing scam ever created. You actually fund the competitor created to destroy ICE.</p><p></p><p></p><p><a href="https://seekingalpha.com/news/3678480-volkswagen-joint-venture-buys-green-credit-from-tesla-in-china" target="_blank">Volkswagen joint venture buys green credit from Tesla in China</a></p><ul> <li data-xf-list-type="ul">Volkswagen's (<a href="https://seekingalpha.com/symbol/VLKAF" target="_blank">OTCPK:VLKAF</a>) joint venture in China with state-owned FAW is planning to <a href="https://www.reuters.com/article/volkswagen-tesla-china/exclusive-volkswagen-to-buy-credits-from-tesla-in-china-to-comply-with-environmental-rules-sources-idUSL4N2LT1MW" target="_blank">buy</a> green car credits from Tesla (NASDAQ:<a href="https://seekingalpha.com/symbol/TSLA" target="_blank">TSLA</a>) in order to meet local environmental rules, sources tell Reuters</li> <li data-xf-list-type="ul">Auto manufacturers are awarded green credits that can be offset against negative credits for producing more vehicles with higher emissions.</li> <li data-xf-list-type="ul">Volkswagen says it is strategically targeting to be self-compliant with rules in China, but will buy the green credits when necessary.</li> <li data-xf-list-type="ul">FAW-Volkswagen sold 2.16M cars last year.</li> <li data-xf-list-type="ul">Tesla gained more than 5% yesterday amid high interest in the EV sector after details on <a href="https://seekingalpha.com/news/3678093-electric-vehicle-stocks-rally-after-biden-proposes-massive-investment-in-ev-market" target="_blank">President Biden's infrastructure plan were released</a>. Volkswagen fell 4% after its <a href="https://seekingalpha.com/news/3677802-volkswagen-name-change-said-to-just-be-an-early-april-fools-day-prank" target="_blank">early April Fools' Day joke left some investors confused</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16600857, member: 137766"] Biggest ****ing scam ever created. You actually fund the competitor created to destroy ICE. [URL='https://seekingalpha.com/news/3678480-volkswagen-joint-venture-buys-green-credit-from-tesla-in-china']Volkswagen joint venture buys green credit from Tesla in China[/URL] [LIST] [*]Volkswagen's ([URL='https://seekingalpha.com/symbol/VLKAF']OTCPK:VLKAF[/URL]) joint venture in China with state-owned FAW is planning to [URL='https://www.reuters.com/article/volkswagen-tesla-china/exclusive-volkswagen-to-buy-credits-from-tesla-in-china-to-comply-with-environmental-rules-sources-idUSL4N2LT1MW']buy[/URL] green car credits from Tesla (NASDAQ:[URL='https://seekingalpha.com/symbol/TSLA']TSLA[/URL]) in order to meet local environmental rules, sources tell Reuters [*]Auto manufacturers are awarded green credits that can be offset against negative credits for producing more vehicles with higher emissions. [*]Volkswagen says it is strategically targeting to be self-compliant with rules in China, but will buy the green credits when necessary. [*]FAW-Volkswagen sold 2.16M cars last year. [*]Tesla gained more than 5% yesterday amid high interest in the EV sector after details on [URL='https://seekingalpha.com/news/3678093-electric-vehicle-stocks-rally-after-biden-proposes-massive-investment-in-ev-market']President Biden's infrastructure plan were released[/URL]. Volkswagen fell 4% after its [URL='https://seekingalpha.com/news/3677802-volkswagen-name-change-said-to-just-be-an-early-april-fools-day-prank']early April Fools' Day joke left some investors confused[/URL]. [/LIST] [/QUOTE]
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