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

submitted 4 months ago by MicroWave@lemmy.world to c/economics@lemmy.world

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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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[–] wise_pancake@lemmy.ca 5 points 4 months ago* (last edited 4 months 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…