Re:Tesla faces U.S. criminal probe over self-driving claims
by epgui on Thursday October 27, 2022 @03:03AM
(#33354180)
The financial statements would disagree.
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Re:Tesla faces U.S. criminal probe over self-driving claims
by user_named on Thursday October 27, 2022 @11:13AM
(#33358775)
No
Re:Tesla faces U.S. criminal probe over self-driving claims
by epgui on Thursday October 27, 2022 @05:25PM
(#33364260)
Yes lol, go read them.
Even ignoring any possibility of raising more capital, the amount of revenue recognized from FSD is much smaller than the financial hit that would have been required to bankrupt the company, at every point in time.
Re:Tesla faces U.S. criminal probe over self-driving claims
by FireBeyond on Friday October 28, 2022 @01:26AM
(#33367999)
"Go read them". In yet another case of "why hasn't someone sued/why hasn't the SEC slapped the shit out of him"...
> Tesla CEO Elon Musk revealed that the carmaker was “about a month” from bankruptcy during the run-up in Model 3 production from mid-2017 to mid-2019
Source: https://www.cnbc.com/2020/11/03/musk-tesla-was-about-a-month...
You're right, that never really appeared in the annual reports. So either Musk lied to CNBC, or the annual reports played down Tesla's actual position.