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> As a result, they are only capturing ~$50k per car, versus ~$85k once GP cars start rolling off the line. That is not how GAAP accounting works. You record
by jcampbell1 14y ago
> As a result, they are only capturing ~$50k per car, versus ~$85k once GP cars start rolling off the line.
That is not how GAAP accounting works. You record revenue when you finish building the car and it leaves the factory gate, not when you accept a deposit.
- Mvandenbergh 14y agoThey did say "cashflow" positive by Q4 though, cashflow is recorded when cash moves, not when revenue accrues.