DOGE not cutting these credit TSLA is getting
Profit Impact
Because regulatory credits have near-zero cost, the full $595M flows directly into:
Gross profit
Operating income
Net income
So, subtracting $595M from all three gives us:
Metric Reported Adjusted (No Credits)
Gross Profit $3.15B ~$2.56B
Operating Income $399M ~–$196M (loss)
GAAP Net Income $409M ~–$186M (loss)
Non-GAAP Net Income $934M ~$339M
Note: Non-GAAP includes other add-backs (like stock comp), so still positive — but GAAP net income and operating income would both turn negative without credits.
Without regulatory credits, Tesla would likely have reported a GAAP net loss and operating loss in Q1 2025. This highlights how critical those credits still are for near-term profitability.
THIS IS BS ... DOGE not cutting those credits. Roland talk about this BS