Can we trust Tesla's accounting?

whimsie
2021-06-04

Can we trust Tesla's accounting? Musk claimed, after the Model 3 ramp, that the company was "single digit weeks" away from collapse during the ramp -- but this "single digit weeks" from bankruptcy never showed itself in the company's SEC-filings; the company showed it had solvency for a year or more. Tesla's auditors never required any "going-concern" warning be filed with the audited statements. This raises the suspicion that there are two sets of books; Musk was aware of a bankruptcy risk being just days away, but this condition was hidden from the
public-investor with false SEC filings.$Tesla Motors(TSLA)$

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Comments

  • Elaela88
    2021-06-08
    Elaela88
    Sigh shortie [无语]
  • Jojofi
    2021-06-15
    Jojofi
    Well creative accounting at its best. Despite that, Tesla has a good brand name for electric cars can continue to attract buyers and of course benefit investors. Looking forward, the outlook is good
  • KitKat
    2021-06-09
    KitKat
    PwC is their Auditors. With Tesla being such a high profIle company, I am sure they would be extra careful.
  • KitKat
    2021-06-09
    KitKat
    Hahahahahahahahaha. Going concern is assessed at year end for the auditor to issue their audit opinion when production hell was resolved
  • Sephy
    2021-06-08
    Sephy
    so many FUD news recently lol im getting more bullish ! The BIG SHORTs must be panicking lol
  • All in Tesla
    2021-06-08
    All in Tesla
    Another FUD ... tesla share drop more pls cause im waitinh to buy even more!! Im so happy with my recent purchase gona keep for retirement ?
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