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How could it possibly be? Tesla had $100M+ of scrap inventory they pretended was still good and then somehow created a subsidiary out of thin air and "sold" th
by recuter 6y ago
How could it possibly be?
Tesla had $100M+ of scrap inventory they pretended was still good and then somehow created a subsidiary out of thin air and "sold" the scrap to it?
I don't understand where the $100M the subsidiary paid materialised from. How is any of this possible.
What's preventing others from having secret fake subsidiaries and printing money out of nowhere?
- maxerickson 6y agoFunding such a fraud could make sense for holders of large amounts of Tesla stock. Spend $100 million to prop up billions. Note that I'm commenting in the abstract, not commenting in support of fraud as an explanation. I have no information or opinion about this battery recycling company.
- xoxoy 6y agoI mean it’s hardly a secret if it’s on the cover of WSJ. The question is who funded this company and what transactions have they made with Tesla? but obviously no one will tell you those two things.
- pbhjpbhj 6y agoHow about M invests $100M in company B, he writes them a cheque, company B purchase waste from company C for $100M, by cheque. Company C loan M the money, by cheque, or give him it. M isn't out any money. B has a lot of waste to process, batteries maybe. C has $100M extra on their balance sheet. There'd be some wastage: capital gains taxes, ancillary costs. Does that kind of thing work?