Tesla has 1.4 billion dollars, which scored questions about the company’s departments, potentially asked questions

• Vision of Elon Musk’s Usher in Utopia Tesla Robotaxis and the company’s humanoid robot, Optimus will probably earn significant money. Tesla spent $ 6.3 billion in CAPEX in the second half of last year, but the total cost of the company’s relevant assets only increased by $ 4.9 billion. These numbers may be in the game for local companies for local companies, without any main asset sales or impairment, other factors Tesla.

Tesla is Big bet In the EU, but Investors It can be a reason to ask the money where the money goes. $ 1.4 billion in inconsistency among the firm Capital costs and assessment of assets that cash spent, first declare by Financial timesElon Musk may worry about internal control in the electric vehicle giant.

Several accounting experts say there are acceptable justifications for compliance with Tesla’s failure to show Financial statements. The relevant numbers would expect to be added to an internal company that has no great asset sales or impairment, Tim Morrison, which is an accounting professor in an old audit partner in Er Morrison, Notre Dame and Ernst & Young. Tesla, of course, selling Cars in the world and have factory on three continents. Have pwc checked Financial statements since 2005 of Tesla.

“If the numbers mistake, it would be a red flag associated with control,” Morrison, primarily in internal inspections to assess the quality of multinational production and evaluating the quality of the audit Ugly.

This is not the first time of Tesla Accounting practices The question was asked, a vice-president in the CFRA study and the great capital analyst Garrett Nelson celebrated.

“We will have to ensure the clarification of PWC or the company,” he wrote in an e-mail Fortune.

Tesla and the Great Four Firm did not meet a wish Fortune for comments.

Tesla shares have lost their value since the post-election height near the $ 490 brand in December. The company approached about $ 750 billion for sale in sales, and the assassin was afraid of the work done by Donald Trump’s White House harmful The brand and the CEO of Tesla distracted.

Foundation Friday, after a musk, a rally after a hand-seized session with employees. Bullish investors Believe that Tesla will be more than a home and battery warehouse company, referring to Musking Visibility AI Tesla Robotaxis and the company’s homeowner robot, to use the Optimus in a Ustophy.

The implementation of this plan will probably require an important investment. In January, the company’s recent call, CFO Vaibhav Tanahia, Tesla’s annual capacity, $ 2.4 billion since 2023, must remain straight. The company has expended on the aggregate AI and exceeded the $ 5 billion sign.

“Capex efficiency is something we are extremely focused,” the taneya said. “When investing in the initiatives related to AI, we made it a very targeted way to spend immediately to take advantage of.”

Accounting for a secrecy of $ 1.4 billion

Cash flow statement is displayed in cash flow as spending, property, plant and equipment or PP & E purchases. In the second half of last year, this amount came 6.3 billion dollars worth the same value for Capex, Tesla’s Tesla sliding for investors.

However, the company only increased only $ 4.9 billion in this span, not valued at the beginning of accounting for the total cost or depreciation of PP & E. Again, you would expect these numbers to be tally for a local company.

There are no evidence that no PP and e were sold, Morrison has been approved and the company has not recognized any impairment in “long-lived assets” waiting for Tesla to use it for more than a year.

Foreign exchange Changes can set out everything. If the Euro weakens compared to the dollar, Morrison explained, Morrison, assets in the company’s facilities in Germany.

“You do not intend to see anywhere else in the financial statements,” he said.

While Financial times Foreign currency, Tesla’s five-fifth-fourths are a quarter of five in the United States, said the foreign exchange was not “explaining the gap.”

“Foreign currency can do very strange things” and “and it’s really hard to watch it completely.”

Finally, he also noted that Tesla could get rid of the assets reaching the end of his useful life, in this case, if they are no longer in the books.

“If a completely obsolete asset is thrown, the value of the asset will be deleted from the asset and accumulated depreciation balance sheet” explanation From the Corporate Finance Institute.

In short, investors may not have time to sound excite Tesla’s Capex is still about. Like Financial times He noted that Tesla noted that the company should earn $ 3.9 billion, the company should earn $ 3.9 billion in a cash pile and dividends. Morrison can be acceptable for such behavior for a company about future growth.

Despite the last descent of the stock, Tesla shares, S & P CAP IQ assessments of the company for the next 12 months, trade about 90 times the company’s projected earnings. Softly, put bulls believe better The musk will pay great investments.

This story was first displayed Fortune.com

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