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Another miracle quarter before a capital raise. If you don't think Tesla are paying fast and loose with their books, while at the same time playing games in Ch

Another miracle quarter before a capital raise. If you don't think Tesla are paying fast and loose with their books, while at the same time playing games in China, I don't know what to tell you. Silicon Valley's an easy place to sucker.

gamblor956 7y ago
It's very easy to manipulate financial results without illegally cooking the books. It all comes down to timing when you incur/pay expenses and when you record sales. Tesla has openly engaged in this in prior quarters, which is why their stellar quarters are usually followed by abysmal quarters. Cooking the books would involve changing the actual numbers. Not many people are alleging this.
- dmode 7y ago
  You can play with your net income numbers, but your top line revenue, gross margin, cash flow, and cash on hand are hard to manipulate
  - navigatesol 7y ago
    >cash flow, and cash on hand are hard to manipulate Cash flow and cash on hand can be easily manipulated by not paying bills. Net Income can be manipulated one-time items. This will all come out in the 10Q, but in the meantime, Elon realiszed that people will not lend money to cash-burning "startups", so we get another "profit".
  - gamblor956 7y ago
    Those items are even easier to manipulate. When do I book this x million of parts? I could book it even we reserve the shipment (accelerate expense) or when we receive the invoice (standard) or when we pay it several months late (defer the expense). And that's just one transaction that feeds into one line item. There are a lot more opportunities to play with the financial numbers.
- navigatesol 7y ago
  >Noisy information still contains information. I didn't use the term "cooking", but I agree, which is why I don't take the numbers at face value. Also, why does Elon get a pass with the China stuff? Here we are in a trade war with this country, who consistently attacks our IT, economy and culture, who are commiting atrocities in their own country, and yet Musk is given kudos for building factories and raising money over there from the "save the planet" crowd. Astonishing.
dexterdog 7y ago
We'll know better when we see the 10Q

gamblor956 7y ago

It's very easy to manipulate financial results without illegally cooking the books. It all comes down to timing when you incur/pay expenses and when you record sales. Tesla has openly engaged in this in prior quarters, which is why their stellar quarters are usually followed by abysmal quarters. Cooking the books would involve changing the actual numbers. Not many people are alleging this.

dmode 7y ago
You can play with your net income numbers, but your top line revenue, gross margin, cash flow, and cash on hand are hard to manipulate
- navigatesol 7y ago
  >cash flow, and cash on hand are hard to manipulate Cash flow and cash on hand can be easily manipulated by not paying bills. Net Income can be manipulated one-time items. This will all come out in the 10Q, but in the meantime, Elon realiszed that people will not lend money to cash-burning "startups", so we get another "profit".
- gamblor956 7y ago
  Those items are even easier to manipulate. When do I book this x million of parts? I could book it even we reserve the shipment (accelerate expense) or when we receive the invoice (standard) or when we pay it several months late (defer the expense). And that's just one transaction that feeds into one line item. There are a lot more opportunities to play with the financial numbers.
navigatesol 7y ago
>Noisy information still contains information. I didn't use the term "cooking", but I agree, which is why I don't take the numbers at face value. Also, why does Elon get a pass with the China stuff? Here we are in a trade war with this country, who consistently attacks our IT, economy and culture, who are commiting atrocities in their own country, and yet Musk is given kudos for building factories and raising money over there from the "save the planet" crowd. Astonishing.

dexterdog 7y ago

We'll know better when we see the 10Q