Tesla is experiencing significant turmoil attributed largely to CEO Elon Musk's controversial behavior, leading to a sharp drop in sales and a 37% decrease in share value this year. A concerning $1.4 billion discrepancy has emerged in the company's financial reports, with investigations focusing on its massive capital expenditures versus reported asset growth. Investors express frustration, citing Musk's distractions outside the company. Although experts suggest possible explanations for the discrepancy, such as undisclosed asset sales, the lack of transparency further aggravates investor concerns about Tesla's financial integrity.
Even the company's financials are now sprouting some glaring questions. A whopping $1.4 billion appears to have vanished in thin air.
Tesla's share value has also dropped precipitously, down over 37 percent year to date, wiping out all gains made since Musk's key ally Donald Trump was elected last year.
According to Tesla's cashflow statements, the firm spent $6.3 billion... However, its balance sheet claims the gross value of property... rose by only $4.9 billion.
It's technically possible there's a reasonable explanation. A professor stated that it's entirely possible Tesla sold off some [property, plant, and equipment] we do not know.
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