31 points | by globalise83 4 months ago ago
6 comments
From the FT journalist who broke the Wirecard fraud story: an interesting eyebrow-raise regarding Tesla's financial accounting.
Mysterious accounting AND being hugely overvalued (nearly 6x Toyota) seems like a dangerous place for Tesla to be.
Dangerous place for all of us who own shares of Tesla in ETFs like VOO and QQQ
Tesla disappearing entirely would result in SP500 decreasing 1.6%, at most. This shouldn’t move the needle for any index fund owner, especially after the previous 10 years.
https://stockanalysis.com/etf/voo/holdings/
https://archive.ph/oOI4J
Some pretty interesting forensic accounting there, though a lot of it seems to be speculative at this point.
From the FT journalist who broke the Wirecard fraud story: an interesting eyebrow-raise regarding Tesla's financial accounting.
Mysterious accounting AND being hugely overvalued (nearly 6x Toyota) seems like a dangerous place for Tesla to be.
Dangerous place for all of us who own shares of Tesla in ETFs like VOO and QQQ
Tesla disappearing entirely would result in SP500 decreasing 1.6%, at most. This shouldn’t move the needle for any index fund owner, especially after the previous 10 years.
https://stockanalysis.com/etf/voo/holdings/
https://archive.ph/oOI4J
Some pretty interesting forensic accounting there, though a lot of it seems to be speculative at this point.