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Tesla (TSLA) seeks entry into U.S. renewable fuel credit market - Reuters

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Exclusive: Tesla seeks entry into U.S. renewable fuel credit market - sources

May 12, 2021 6:05 AM EDT

By Jarrett Renshaw and Stephanie Kelly

(Reuters) - Tesla Inc is seeking to enter the multi-billion dollar U.S. renewable credit market, hoping to profit from the Biden administration's march toward new zero-emission goals, two sources familiar with the matter said.

The electric car maker is one of at least eight companies with a pending application at the Environmental Protection Agency tied to power generation and renewable credits, the sources said. The EPA produces a list of pending applications with some details, but not companies' names.

Tesla's entry could potentially reshape the renewable credit market,... More