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I'm not an accountant. What does this mean? Reading the article, it sounded like just sloppy books prep, but again, I'm not an accountant.

• a_bonobo 2y ago
  They're being a bit intentionally unclear to not attract the lawyers, but the link to Wirecard makes it clear: >Wirecard was a German payment processor and financial services provider that collapsed in 2020 amidst a major accounting scandal, revealing a €1.9 billion hole in its finances and leading to the arrest of its CEO and other executives.
  • rasz 2y ago
    Plus Wirecard had russian spy COO.
    • turnsout 2y ago
      So pretty analogous to Tesla then
• dmsayer 2y ago
  i am not an accountant either, but this line stuck out to me as quite important to grasp the overall picture of what the article is getting at: "Aggressive classification of operating expenses as investment can be used to artificially boost reported profits."