Tesla has pocketed $11 billion from the sale of regulatory credits to rival automakers needing help to hit tough emissions targets — easy money that could dry up if President-elect Trump rolls back Biden-era regulations.
Why it matters: Tesla's billionaire CEO, Elon Musk, is spearheading Trump's effort to cut government red tape.
Risk experts believe the insured losses from the Los Angeles wildfires will easily top $20 billion, but in some ways that's only the start of the crisis California now faces.
Why it matters: Anything above $12.5 billion would pass 2018's Camp Fire to become the largest insured wildfire loss ever, per data from insurance broker Aon. Economic losses will be substantially higher, perhaps tens of billions of dollars more.
