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- Some of Tesla's $25.5 billion in second-quarter revenue came from the cars competitors didn't sell.
- Tesla, which sells only electric vehicles, always has an excess of credits.
- It's the advantage Tesla needs amid a slow start to 2024.
Tesla's record second-quarter revenue was partly driven by something unusual: all the electric vehicles its competitors didn't sell.
Elon Musk's electric car company has always been able to rely on under-the-radar revenue generation from selling its extra regulatory credits to car companies whose fleets don't meet emissions requirements.