Tesla’s lucrative carbon credit advantage in Europe may be facing a shift. According to reports, automakers Toyota and Stellantis are leaving the carbon credit pooling arrangement that previously allowed them to buy regulatory credits from Tesla to meet the European Union’s strict emissions targets. For years, Tesla has generated billions by selling these credits to traditional automakers that struggled to meet emissions standards. The system allowed companies producing fewer electric vehicles to pool their emissions with Tesla’s all-electric fleet, effectively paying Tesla for compliance support. But the reported departure of Toyota and Stellantis suggests legacy automakers may be making progress on their own electrification efforts or exploring alternative compliance strategies. If more companies follow, Tesla’s carbon credit revenue, which has historically boosted its profitability, could face increasing pressure. The move also reflects a broader shift in the global auto industry. A...