3 ms·
In this case it is a bit unfair. The difference is mainly about leasing agreements for Tesla cars and how much such a lease is worth to Tesla. GAAP was/is def
by peterfirefly 11y ago
In this case it is a bit unfair.
The difference is mainly about leasing agreements for Tesla cars and how much such a lease is worth to Tesla. GAAP was/is definitely too pessimistic. Tesla's own accounting may be too optimistic. I believe Tesla's guess is pretty good. We'll see.