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The FT has done an investigation into Tesla’s balance sheet and found out that when comparing Tesla’s capital expenditure—reported at about $6.3 billion for the last six months of 2024—to the corresponding rise in the gross value of its property, plant, and equipment (which increased by roughly $4.9 billion), there appears to be a discrepancy of about $1.4 billion. The FT also notes that while differences between cash outlays and recorded asset increases can sometimes be explained by factors such as depreciation, asset disposals, or foreign currency effects, no clear accounting adjustment was provided by Tesla that would justify this gap. Not only is this anomaly a red flag but also keep in mind Tesla has already been caught red-handed trying to commit fraud in Canada recently by falsifying buying reports (ALL Toronto Tesla Dealers have moved on avg 1200 Teslas per day in the past 4 weeks according to Tesla’s tax credit filing with Canada) in order to cash out on a large lump sum of EV credits from the Canadian Gov.
In other words Tesla is looking more and more like Enron every day now
Yes, but Tesla is way overvalued, still
They still have a 750~ billion dollar market cap today, placing them at far more than any auto manufacturer on this list
How is this possible? Granted I’m not very knowledgeable about this stuff but really having a hard time understanding how they can be valued so high compared to these other companies that have been around for so much longer with so many more cars on the road etc
Because capitalism
https://www.notebookcheck.net/Tesla-beats-Mercedes-in-profit-per-vehicle-as-Toyota-logs-largest-margin-hike.852589.0.html
The only thing that matters in this late stage capitalism world is “potential growth”, and Tesla makes a fuckload of money per vehicle because they are overpriced to all hell and are built like toys
It costs almost as much as buying a cheap car every couple years just to own a Tesla
https://insideevs.com/news/731559/tesla-least-reliable-used-car-brands/
True dat