The article discusses concerns over Tesla's financial integrity, highlighting a report of $1.4 billion in unaccounted funds. While Tesla claims to have $37 billion in reserves, experts are puzzled by its decisions to raise additional debt. The discrepancy between $6.3 billion spent in capital expenditures and a mere $4.9 billion increase in asset value has alarmed accountants. As Tesla's stock and sales continue to decline, there is mounting uncertainty regarding the automaker's financial health, especially given that board members are reportedly selling off shares.
In recent weeks, accountants have flagged $1.4 billion in unaccounted funds on Tesla's books, raising serious concerns amidst the company's financial struggles.
Despite Tesla's sizable cash reserves of $37 billion, the company continued to raise $6 billion in debt last year, leading to questions about its financial stability.
The discrepancy between Tesla's reported capital expenditures and the increase in assets suggests potential accounting issues that could undermine investor confidence in the company.
With some board members offloading shares amid drops in stock price, skepticism around Tesla's financial integrity is intensifying, particularly in light of troubling reports.
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