A Huge Amount of Money Is Missing From Tesla

Tesla is in deep trouble. The embattled EV maker has seen sales plummet worldwide in large part due to its CEO Elon Musk's highly polarizing behavior. 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. Even the company's financials are now sprouting some glaring questions. As the Financial Times reports, a whopping $1.4 billion appears to have vanished in thin air. The enormous hole arises when examining the carmaker's capital expenditures and how those compare to the reported rise of the value of its assets. According to Tesla's cashflow statements, the firm spent $6.3 billion on "purchases of property and equipment excluding finance leases, net of sales" in the second half of 2024. However, its balance sheet claims the gross value of property, plant, and equipment rose by only $4.9 billion — leaving an eyebrow-raising $1.4 billion discrepancy. The news couldn't ... Read full article.