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TSLA prefers non GAAP because it collects all money for a lease upfront. Recognizing all revenue for a lease up front isn't logical.
by jayshahtx 13y ago
TSLA prefers non GAAP because it collects all money for a lease upfront. Recognizing all revenue for a lease up front isn't logical.
- yannisp 13y agoIIRC it's actually financing with a balloon payment (with no risk since they're not the lenders), with an option for buyback. That liability of buying back should be somewhere in the books, either accrued or entered in full.