As car sales plummet for all automotive manufacturers, one wonders if the growing haze around Tesla's accounting might finally catch up to Mr. Musk. While no hard evidence exists that Tesla is the next Enron or WorldCom, famed fund manager David Einhorn recently wrote an opento Musk requesting evidence that Tesla's receivables are not, in fact, fabricated. Besides mocking Einhorn, Musk curiously has still not answered the question.
Accounts receivable are essentially IOUs from customers who promise to pay for already-received goods—in this case, mainly Tesla cars. Surging accounts receivable relative to total sales has often been an early indicator of companies reporting questionable sales just before a financial period ends. In 2018, Tesla's accounts receivable surged with little explanation.
The worst is yet to come for the writer, who's job relies on hitpieces for clicks.
TESLAcharts ttmygh htsfhickey
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Nooo. Not Elon! Anyone but Elon!
josh_hammer Like clockwork. He doesn't goosestep, so here come the attacks. Bravo.
Haha I love it! elonmusk goes against the Democrat agenda and rebels, and NOW he must be smeared and Destroyed.... Elon now you know the truth about Democrat Politics, you may NOT have an opinion of your own!
He is currently a conspiracy theorist and I think that everyone likes it. Is this his policy to make you forget something?
charlesadler Musk shouldn't be compared to Tesla. He isn't the inventor. He's Edison, the businessman who drove Tesla broke.
nonsense
He’s growing restless & hemorrhaging a lot of cash from his only American factory in CA. I would too.
Those rich globalists will never give up easily ..
Butt hurt liberals don't like defiance!
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