VW, Stellantis and other auto companies gave Tesla nearly $2.5 billion in 2023

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The spotlight is once again on Tesla’s dependence on regulatory credits to turn a profit following a regulatory filing that exposed investor Michael Burry’s $534 million wager against the electric carmaker. Known for his role in Michael Lewis’ book “The Big Short,” Burry has taken a short position on the company, anticipating a decline in Tesla’s shares. In a tweet that has since been deleted, the renowned hedge fund manager highlighted Tesla’s reliance on regulatory credits as a potential warning sign.

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