3 ms·

They report segmented results for each business, along with gross margin of each business, so I am not sure how that would fool any real analyst.

• TameAntelope 5y ago
  It doesn't "fool" anyone, because it's not foolish. Tesla buys Bitcoin, that's an expense. Tesla sells Bitcoin, hopefully at a profit, that's revenue. That action gets reported quarterly, which is what happened to generate this submission. Tesla can time that to happen in specific parts of the quarter to either make its overall revenue look better or worse. It's not fake, it's not "fooling" anyone, it's just part of the balance sheet. Companies do this all the time with non-crypto assets, crypto is just probably easier than buying/selling an office building, especially when your CEO is Elon Musk and can control the price of Bitcoin with a tweet.
  • DarmokJalad1701 5y ago
    Is there any evidence that they have sold Bitcoin more than the one time they did last quarter? I am pretty sure they also haven't bought any since their original purchase.
    • TameAntelope 5y ago
      I'm confused about why you would want this evidence. Do you think I'm suggesting they're fraudulently hiding Bitcoin sales? Not selling (and taking the $50mil hit) is an action, too.
  • nightski 5y ago
    It's separated out, any investor can see it clear as day. Hell if financial influencers on youtube go through these things you can sure bet that Wall Street is well aware and they would not be able to manipulate Wall Street's forecasts via this method.
    • TameAntelope 5y ago
      They are aware, and don’t care. It counts.