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Reply to "Commerce Secretary Lutnick Hawking Tesla Stock"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Lutnick is just laying the ground work to give Elon and Tesla a huge bailout.[/quote] This. We taxpayers will pay (like we have already) for the poor business acumen of Elon Musk. And there is news now that Tesla cooks its books to the tune of 1.4 bn missing dollars. [quote] Something funky is going on with Tesla's books, at least according to a new report released by the Financial Times on Wednesday. That's never a phrase you want to hear about a publicly traded company, especially one with a tanking stock price and a board whose members are dumping shares at an alarming rate. According to the report, Tesla spent $6.3 billion in capital expenditures in the last six months of 2024. However, the gross value of its assets only increased by $4.9 billion—that leaves $1.4 billion unaccounted for with no public explanation from Tesla about where that money went. All said and done, accounting and finance experts agree: something isn't adding up. [/quote] [/quote] Well, well. Looks like the Financial Times doesn't understand finance math. They have issued an apology for their inaccurate reporting.... [twitter]https://x.com/SawyerMerritt/status/1904584485095485700[/twitter][/quote] I wonder who threatened them with what. Anyway, Tesla still can’t even move the refreshed model Y. They can’t meme the stock forever, I wouldn’t think. https://electrek.co/2025/03/25/tesla-can-deliver-new-model-y-order-today-us-low-demand-refresh/[/quote]
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