Tesla financial records reveal a mysterious $1.4 billion discrepancy, leaving experts confused as they investigate the missing funds.
Tesla, the well-known electric car company, is in the news for a surprising reason.
The company has discovered that it is missing a staggering $1.4 billion from its financial records.
This revelation has left experts puzzled and raised questions about the company’s financial management.
Concerns over the financial health of Tesla
Recently, Tesla has faced increasing scrutiny regarding its financial situation. One of its early investors, Ross Gerber, has publicly criticized CEO Elon Musk.
Gerber believes that Musk is too distracted by political issues and is not paying enough attention to the company’s operations.
“I think Tesla needs a new CEO and I decided today I was going to start saying it and so this is the first show that I’m saying it on,” Gerber said.
“It’s time for somebody to run Tesla. The business has been neglected for too long.”
Experts puzzled as Tesla reports a mysterious $1.4 billion missing in its financial records
Since December 2024, the company’s shares have dropped over 37%, resulting in a loss of more than $800 billion in market value.
This decline has raised alarms about the company’s future and financial stability.
According to a recent report, the mysterious $1.4 billion is not accounted for in Tesla’s financial statements.
The company reported spending $6.3 billion on purchases of property and equipment in the latter half of 2024.
However, the balance sheet shows that the value of these assets only increased by $4.9 billion.
This leaves a gap of $1.4 billion that experts cannot explain.
Luzi Hail, a professor of accounting at the Wharton School, suggested that there might be technical reasons for this discrepancy.
He mentioned that Tesla could have sold some assets, but the net value of those transactions is unclear.
Other possibilities include mergers, acquisitions, or foreign currency transactions that might have affected the reported figures.
No previous indicators pointed to issues within Tesla.
What makes this situation even more concerning is that nothing similar has occurred in Tesla’s records over the past five years.
The absence of any prior issues raises suspicions about a possible accounting error.
If such a significant sum has gone missing, it would likely be due to a major oversight in financial reporting.
Tesla has also been active in raising funds through new debt. This indicates that the company is still optimistic about its future, despite the current challenges.
However, the ongoing protests and negative media coverage surrounding the brand may test this optimism.
Elon Musk caused a stir with his controversial actions
Elon Musk’s recent actions have not helped improve the company’s image. He has made headlines for his political involvement and controversial statements.
For instance, Musk recently demanded that government employees send him weekly summaries of their tasks or face consequences.
Such comments have drawn criticism and further distracted attention from Tesla’s business.
In addition, there have been reports of layoffs at various organizations connected to Musk.
These events have created confusion and concern among employees and investors alike.