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That construction is so weird that I'm going to assume it was a typo and that they meant "tens or hundreds"
by adamson 8y ago
That construction is so weird that I'm going to assume it was a typo and that they meant "tens or hundreds"
- shafyy 8y agoOk. So it could be either $40M or $400M - that's a huge range. Let's assume something in the middle, like $200m. Does it seem credible to you guys that nobody except the three plaintiffs noticed that SolarCity faked half of their 2016 revenue?
- tango24 8y agoI would wager that anything in a range 10%-50% of missing revenue, for a publicly traded company, would be caught by external auditor. And I’d im not mistaken, external auditors are required. If I’m wrong on either of those accounts, then I’d be seriously concerned about our stock market.
- TheOtherHobbes 8y agoThis shouldn’t have me laugh out loud, but it did.
- mistercow 8y agoWell first off, I don’t see a time range here. This could easily be stretched over multiple years. Secondly, if someone says “tens or hundreds of millions”, I assume that they’re giving a rough estimate based on incomplete information. If I’m evaluating the credibility of such an estimate, then I’ll consider the most conservative end of the range, which in this case is $20M. If we suppose that that was spread over three years, then we’re talking about 1-2% of total revenue. That doesn’t sound so implausible, right? Finally, SolarCity’s 2016 revenue was $730M, not $400M.
- shafyy 8y agoThat does sound plausible and also not newsworthy :-)