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Tesla’s Missing $1.4 Billion: Where Did It Go?

5636
21
Mar

A recent investigation by the Financial Times has raised eyebrows regarding Tesla’s financial records. The report highlights a discrepancy of $1.4 billion between the electric vehicle manufacturer’s capital expenditure and the valuation of its assets during the last two quarters of 2024.

According to Tesla’s cash flow statements, the company spent $6.3 billion on property and equipment purchases in the third and fourth quarters of last year. However, the balance sheet only reflects a $4.9 billion increase in the gross value of property, plant, and equipment, totaling $51 billion.

This leaves a significant $1.4 billion unaccounted for. While it’s possible this discrepancy could be clarified in Tesla’s upcoming earnings report, its absence raises concerns about potential financial irregularities. Especially amidst other challenges such as a declining stock price and global protests, this missing sum adds to the uncertainty surrounding the company.

Source: FT.COM

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Ngoc Vy

Ngoc Vy is a tech journalist specializing in artificial intelligence, emerging technologies, and their societal impact. She combines technical rigor with on-the-ground coverage of Vietnam’s startup ecosystem, from AI ethics debates to gov-tech adoption. Ngoc Vy is also passionate about bridging the gender gap in STEM journalism.