US EditionElon Musk's Tesla Faces $1.4 Billion Discrepancy In Capital Expenditure: FT
- Tesla has a $1.4 billion discrepancy in its capital expenditure, as reported by the Financial Times.
- The analysis shows Tesla raised $6 billion in debt while claiming to have $37 billion in cash, raising questions about its financial practices.
- The report suggests that missing assets and increasing debt could indicate weak internal controls and potential accounting issues.
- Jacek Welc compared Tesla's situation to recent financial scandals, emphasizing the seriousness of the red flags raised.
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Tesla Is Missing $1.4 Billion On Its Balance Sheet
It’s yet another reason Unelected President Elon Musk should send his DOGE Bags to work on efficiency at his own businesses and keep them from meddling in ours. As Mashable and Financial Times reported, Tesla reported spending $6.3 billion on purchases of property and equipment (i.e. capital expenditures) but only reported an increase of $4.9 billion in the value of its capital assets. It’s quite possible there are some good explanations, Mashab…
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Total News Sources21
Leaning Left8Leaning Right1Center4Last UpdatedBias Distribution62% Left
Bias Distribution
- 62% of the sources lean Left
62% Left
L 62%
C 31%
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