Summary
The Financial Times reported a $1.4 billion discrepancy in Tesla’s accounting, raising concerns over missing capital expenditures.
Tesla reported spending $6.3 billion on property and equipment in the second half of 2024, but asset values increased by only $4.9 billion. Experts find no clear explanation for the gap.
Additional red flags include Tesla holding $37 billion in cash while raising $6 billion in new debt and not conducting share buybacks despite $15 billion in operating cash flow.
Analysts warn of parallels to past financial scandals like Wirecard.
The guy running a government office of accountability. It has never been about accountability.
I’d be checking X’s books for the other end of those discrepancies…
Since Twitter is no longer public he has more freedom to do whatever he wants. Tesla though is still public.
Isn’t this type of whoopsie accounting what got Trump et al in trouble? Overvalued assets in loan applications paired with serious asset value losses/undervaluing in tax filings? Or is it worse than that?
OK, but Wirecard was a Russian spy ops, and Elmo would never… Huh…
Like the sentiment against this company was already in the pits, $1.4b unaccounted for is terrifying if you’re a shareholder. I can’t believe more people aren’t dumping this stock as quick as possible.
Wasted, abuser, fraudster.
Remember project 42 where Elon had Tesla building a house for him, and it only got noticed due to the extremely large orders of premium glass?
I’m going to guess that wasn’t the only such project…
