Tesla (TSLA) accounting raises red flags as report shows $1.4 billion missing
Tesla's (TSLA) accounting practices are under scrutiny as a Financial Times report reveals a discrepancy of $1.4 billion. Critics have long questioned Tesla's accounting, but the issue has gained attention following the report. It highlights that while Tesla claims to have spent $6.3 billion on property and equipment in the latter half of 2024, the actual increase in property, plant, and equipment was only $4.9 billion, suggesting that funds may be unaccounted for.
Tesla’s (TSLA) accounting practices are raising red flags as a new report from the Financial Times shows that $1.4 billion is missing.
Many Tesla shorts and detractors have questioned Tesla’s accounting for years, but they have never gained much traction – until now.
Today, the Financial Times has released a new report
Compare Tesla’s capital expenditure in the last six months of 2024 to its valuation of the assets that money was spent on, and $1.4bn appears to have gone astray.
The article points out that Tesla reports having spent $6.3 billion on “purchases of property and equipment excluding finance leases, net of sales” in the second half of 2024, while property, plant, and equipment rose by only $4.9 billion in that period.
