Economics

682 readers

171 users here now

founded 2 years ago

123

Tesla (TSLA) accounting raises red flags as report shows $1.4 billion missing (electrek.co)

submitted 1 week ago by [email protected] to c/[email protected]

8 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 7 points 1 week ago

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.