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, Mashable notes. “For example, asset sales or foreign exchange-related issues could account for the $1.4 billion gap.” But, Mashable adds, “according to the report, Tesla didn’t report any of these issues. The company just left the $1.4 billion unaccounted for.”
Financial Times raises more red flags, including this one (my emphases added):
