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It will also cut capital expenditures next year by more than half.
Revenue was expected to keep pace with expenditures next year, so there was no need for it.
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Changes in the nature of tax expenditures since 1985 present a challenge for today's tax reformers.
It says it expects to spend about the same amount on capital expenditures this year.
Similar thinking underlies the relatively low level of business expenditures today on buildings, equipment and software.
Morgan Stanley estimates that Tesla can cover its capital expenditures this year from selling those credits.
Military spending makes up closer to 24 percent of federal expenditures today.
The company has about $2.5 billion in cash, but also expects to have about $2.5 billion in capital expenditures this year.
But records filed at the Justice Department show Turkish expenditures since August 2006 of about $3.2 million for lobbyists and public relations firms.
The campaigns said they would release the full reports, which have voluminous lists of contributors and expenditures, tomorrow.
The company said that it would increase capital expenditures this year by $700 million to search for new oil and gas deposits.
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CEO of Professional Science Editing for Scientists @ prosciediting.com