Tesla drives California environmental credits to the bank

Zero Emission Vehicle credits could give the automaker as much as $250 million this year, highlighting the state's effort to promote the electric car.

 When Tesla Motors reports its first-ever profit Wednesday, much of the money will come courtesy of the state of California. 

In its zeal to push electric cars into the market, the state has created a system in which Tesla can make as much as $35,000 extra on each sale of its luxury Model S electric sports sedans.  That's because the Palo Alto company qualifies for coveted state environmental credits that it can turn into cash.

READ MORE:  http://articles.latimes.com/2013/may/05/business/la-fi-electric-cars-20130506

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