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

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

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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.

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[–] [email protected] 31 points 1 month ago* (last edited 1 month ago)

The guy running a government office of accountability. It has never been about accountability.

[–] [email protected] 28 points 1 month ago (1 children)

I'd be checking X's books for the other end of those discrepancies...

[–] [email protected] 1 points 1 month ago

Since Twitter is no longer public he has more freedom to do whatever he wants. Tesla though is still public.

[–] RamblingPanda 18 points 1 month ago

OK, but Wirecard was a Russian spy ops, and Elmo would never... Huh...

[–] [email protected] 16 points 1 month ago

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?

[–] [email protected] 9 points 1 month ago

Wasted, abuser, fraudster.

[–] [email protected] 7 points 1 month 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.

[–] [email protected] 5 points 1 month ago* (last edited 1 month ago)

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…