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

submitted 1 day 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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[–] frustrated_phagocytosis@fedia.io 16 points 1 day 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?