3 ms·
I believe Tesla doesn’t count the cash from a car sale until it is in the customers’ hands.[0] I remember reading that there were a lot of cars mid-shipment to
by consumer451 8y ago
I believe Tesla doesn’t count the cash from a car sale until it is in the customers’ hands.[0] I remember reading that there were a lot of cars mid-shipment to the EU at the end of that quarter.
[0] I believe other auto manufacturers count the cash earlier in the delivery process, like when sold to a dealer, correct?
- dforrestwilson 8y agoBut the cash in many cases is already deposited with Tesla isn’t it? If so, then it has already been counted.
- consumer451 8y agoI know little about the financial world, but I used to listen to their earnings calls for fun. I remember Musk and their previous CFO saying that they didn’t count the cash of a sale until the customer received the car. But again, I could have misunderstood.
- navigatesol 8y ago>I remember reading that there were a lot of cars mid-shipment to the EU at the end of that quarter. So what is in their accounts receivable?