Jon Quast

This stream is coming down.

It was down 44% year over year in the third quarter.

And looking through the financial report, it says it only expects $877 million in the regulatory credits over the next 12 months.

Now, just for perspective, over the last three full years, it's generated...

credit revenue of 2.8 billion, 1.8 billion, and 1.8 billion in 2024, 2023, 2022, respectively.

So expecting less than a billion over the next 12 months, that's actually quite a significant downtrend, and it's going to continue on.

I believe it's 2027, they expect no regulatory credit revenue.

And this is basically pure profit.

So it's consequential to the business.

Yeah, I think that's a really good thing for our listeners to be watching for.

How does that business hold up now as the whole credit scene is changing?

And that really does change some of the dynamics of electric vehicles.

But also, hey, keep an eye on what the company is doing with its newer initiatives, because it's definitely ramping up the spending on the R&D to have those payoffs.

So we'll see how that plays out in coming quarters.

After the break, we're going to talk stocks on our radar with a little bit of a twist.

Okay, so it's Thursday, the Thursday podcast, and we usually hit some stocks on our radar.

And I thought, Matt, this would be fun just to do it a little bit differently.

I saw a report that showed that counterintuitively, stocks that were dropped from the S&P 500...

actually wind up outperforming the S&P 500 over the next five years.

And you wouldn't expect that.