Zincwarrior
Diamond Member
- Thread starter
- #21
Another article you won't read..
Aaaaaaand tripling down!
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Tesla Reportedly Can't Find $1.4 Billion, But We're Sure It's Fine
Tesla Reportedly Can't Find $1.4 Billion, But We're Sure It's Fine
Typically, it's considered a big problem if someone loses $1.4 billion.
Were you to take FT at its word, the money Tesla spent on assets in the second half of 2024 doesn't match the value of the assets it allegedly purchased and is, in fact, off by about $1.4 billion. Specifically, Tesla claimed it spent $6.3 billion on "purchases of property and equipment excluding finance leases, net of sales," but on its balance sheet claimed its PP&E value only increased by $4.9 billion. But while that looks bad at first glance, it's also entirely possible Tesla simply sold some property or equipment, thus lowering PP&E on the balance sheet. It could also have other valid explanations that we don't know about.
Tesla didn't actually report any sales or changes that would explain the discrepancy, but that doesn't mean those reports aren't simply a little late, just like the new Tesla Roadster. If you assumed something sketchy was going on, that says more about you than it does about Tesla and Elon Musk.