(Artur Widak/Getty Images)

Chart: Tesla’s profits would evaporate if not for these regulatory credits

Trump has threatened federal support for EVs, which would dent Tesla’s bottom line.

4/28/25 1:17PM

Last quarter was bad for Tesla, but it would have been much worse had it not been for the money the company gets from regulatory credits.

These credits are basically pure profit, since Tesla, which exclusively makes electric vehicles, gets a surplus of them from the government at no cost and then sells them to automakers that don’t meet regulatory requirements.

Last quarter, Tesla brought in $595 million in regulatory credits revenue. If we consider that revenue to be profit, it represents 145% of Tesla’s $409 million in net profit last quarter. Tesla’s profit fell 71% last quarter compared to a year earlier; meanwhile, its regulatory credit revenue rose 35%.

The Trump administration of course has threatened to end support for electric vehicles, something Tesla CEO Elon Musk had said he supports. That support, however, has helped Tesla’s finances look a lot better than they would have otherwise.

Small cities, big data centers

25m

WHEN AI COMES TO TOWN

Jon Keegan

The most outlandish tech CEO quotes from 2025

Tech CEOs have been nuttier than ever.

Rani Molla12/12/25

Trump AI executive order is a “major win” for Open AI, Google, Microsoft, and Meta, says Ives

President Trump’s new executive order aiming to keep states from enacting AI laws that inhibit US “global AI dominance” is a “major win” for OpenAI, Google, Microsoft, and Meta, according to Wedbush Securities analyst Dan Ives. Big Tech companies have collectively plowed hundreds of billions into the technology, while seeing massive stock price gains, and Ives believes they stand to gain much more.

“Given that there have been over 1,000 AI laws proposed at the state level, this was a necessary move by the Trump Administration to keep the US out in front for the AI Revolution over China,” Ives wrote, adding that state-by-state regulation “would have crushed US AI startup culture.” The presidential order would withhold federal funds from states that put in place onerous AI regulations.

This morning, Whitehouse AI adviser Sriram Krishnan said in a CNBC interview that he’d be working with Congress on a single national framework for AI.

Despite Ives’ rosy read-through on the order, with the exception of Nvidia, which jumped on a report of boosted Chinese demand, many AI stocks are in the red early today. The VanEck Semiconductor ETF is down nearly 1% premarket, as the AI trade struggles thanks to underwhelming earnings results from Oracle earlier this week.

Ensuring a National Policy Framework for Artificial Intelligence

This morning, Whitehouse AI adviser Sriram Krishnan said in a CNBC interview that he’d be working with Congress on a single national framework for AI.

Rani Molla12/11/25

Epic scores two victories as “Fortnite” returns to Google Play and appeals court keeps injunction against Apple

“Fortnite” maker Epic Games notched two wins Thursday in its drawn-out battle against Big Tech’s app stores. “Fortnite” returned to the Google Play app store in the US, Reuters reports, as Epic continues working with Google to secure court approval for their settlement.

Meanwhile, a US appeals court partly reversed sanctions against Apple in Epic’s antitrust case, calling parts of the order overly broad, but upheld the contempt finding and left a sweeping injunction in place — keeping pressure on Apple to allow developers to steer users to outside payment options and reduce its tight control over how apps can communicate and monetize on iOS.

So many reasons to drop in this month... and now we're on Google Play in the U.S. too!

Android: https://t.co/Z6pkYqYsRI
iPhone: https://t.co/JNpTVneGMN
PC: https://t.co/CPsjp3XNdo pic.twitter.com/TV9b1ZlqfJ
— Fortnite (@Fortnite) December 11, 2025

Jon Keegan12/11/25

Report: AI-powered toys tell kids where to find matches, parrot Chinese government propaganda

You may want to think twice before buying your kids a fancy AI-powered plush toy.

A new report from NBC News found that several AI-powered kids toys could easily be steered to dangerous as well as sexually explicit conversations in a shocking demonstration of the loose safety guardrails in this novel category of consumer electronics.

A report out by the Public Interest Research Group details what researchers found when they tested five AI-powered toys for kids bought from Amazon. Some of the toys offered instructions on where to find matches and how to start fires.

NBC News also bought some of these toys and found they parroted Chinese government propaganda and gave instructions for how to sharpen knives. Some of the toys also discussed inappropriate topics for kids, like sexual kinks.

The category of AI-powered kids toys is under scrutiny as major AI companies like OpenAI have announced partnerships with toy manufacturers like Mattel (which has yet to release an AI-powered toy).

AI toys for kids talk about sex and issue Chinese Communist Party talking points, tests show