Il giornalista che ha sollevato domande su Wirecard prende di mira Tesla – 1,4 miliardi di dollari sembrano mancare, secondo i bilanci di Tesla: FT
https://www.forexlive.com/news/the-man-who-took-down-wirecard-takes-aim-at-tesla-20250320/
di marketrent
19 commenti
By Adam Button, citing investigative reporter Dan McCrum and bureau chief Stephen Morris:
*• Tesla’s financial statements show a $1.4 billion discrepancy between capital expenditure and reported asset value increases in the second half of 2024*
*• Despite having $37 billion in reported cash, Tesla raised an additional $6 billion in debt last year, an unusual move*
*• These financial red flags (unexplained gaps between reported spending and asset values, plus raising capital while cash-rich) match patterns seen in companies with accounting issues.*
*Also, this isn’t just any reporter on this story. It’s co-authored by Dan McCrum who for years raised questions about Wirecard before it collapsed and was exposed as an elaborate fraud.*
Per [the Financial Times](https://www.ft.com/content/62df8d8d-31f2-445e-bfa2-c171ac43db6e), “aggressive classification of operating expenses as investment can be used to artificially boost reported profits”.
Not Europe
What? Musk and his companies doing financial acrobatics to inflate stock? Yeah, sounds more probable than not.
My guess would be, an investment has been written off, but I don’t know anything about reporting standards these days (much less American ones).
The wirecard reporting and story was brilliantly done and actually pretty brave , I followed it from the start.
These guys don’t stop.
Holy shot I am shorting the stock on Monday.
Thoughts on banning Tesla from doing business in Europe?
Tesla has been playing accounting games for a very long time. It’s about time that the media paid attention.
The US requires public companies to issue quarterly reports to the SEC (US federal regulator), using GAAP for their accounting. GAAP was not particularly favorable to Tesla. Musk made a point of releasing his own version of the numbers to the public just prior to filing the official reports, so that the media would focus on his non-GAAP presentation instead of what was submitted to the SEC.
He would also make apples-and-oranges comparisons in ratio analysis between Tesla and other automakers so that Tesla’s performance looked more favorable than what it was. At the same time, the media has ignored that California has been propping it up with ZEV tax credits, which the state would be wise to scrap or change so that they are no longer producing a subsidy that benefits one company at the expense of the rest.
The media should also be looking at the relatively low investment in R&D. Automakers have high R&D costs and will eventually decline if they don’t improve their platforms and components. Tesla is making the same mistake as GM made in the US, focusing on features such as automated driving rather than improving the guts of the car such as build quality and power storage.
That’s a lot of ketamine.
This is 4 days old news.
Wrong sub
This is the reason why you are supposes to include a table of variation of assets in your financial statements => in here you are supposes to be able to reconcile any discrepeancy, be it sales, revaluations or amortizations, forex impacts.
So for those who read the said financial statements, what does it say?
I will conclude by saying – having worked in tge industry for nearly 10 years – that a malignant intent on this part of the balance sheet would surprise me greatly. These are usually one of the easiest parts of the companies’s transactions to audit.
But never underestimate the ability of nefarious figures to cheat: all in all Wirecard was nothing that a cash inventions that could – and should – have been spotted on by a first year junior…
[Tesla mysteriously sold 8000+ cars in a single weekend in Canada, accessing $43mil (CAD) in EV rebates before the program shut down. ](https://driving.ca/auto-news/industry/tesla-canada-izev-ev-rebates-incentives-investigation)There are now reports of lots with hundreds of brand new Tesla’s just sitting in major cities.
Fraud is the name of the game for a company that’s lost over half it’s valuation in 4 months.
Imagine that!!!!!
The problem is he now effectively indirectly controls all of the U.S. federal government’s regulatory machinery. It’s likely they won’t be able to enforce anything against him.
Day by day it just resembles the kinds of goings on that were seen in Russia as the oligarchy bedded in.
If the rule of law, fiduciary transparency, and regulatory mechanisms fail, the stock markets are in serious trouble.
Felon Musk.
These things prohibit Musk from beeing removed as CEO. The board knows well enough, that Elon is essential to this game. Without him, the whole construction collapeses, only leaving behind a normal car manufacturer.
Slowly siphoning loose change so nobody notices.
[I called it first :D](https://www.reddit.com/r/technology/comments/1jfi1mo/comment/mirstbp/?context=3)