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/biz/ - Business & Finance

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18777907 No.18777907 [Reply] [Original]

Can a Tesla bull please explain to me why they have 1.2 billion in accounts receivable when customers pay the entire cost of the car upfront?

Is this shit fraud or what?

>> No.18777951

it's more than just a car company now. They sell solar panels and solar panel accessories. You can even get systems installed by Tesla. That being said, $800 is a little ridiculous

>> No.18778158

>>18777951
There is no way in hell they have 1.2 billion in accounts receivable from their other businesses (yet). It makes zero sense how they could have that much

>> No.18778941

Do you not understand how California tech companies work?
>Make a cool thing
>Create hype
>Hype incentivizes investment
>start saying other things that sound cool
>use creative accounting to hide the fact that you're not growing as fast as you projected
>investors think: well they made a cool thing once and everyone likes it, so people are bound to like the other cool stuff
>more investment
>more hype
>more investment
>more hype

and on and on and on. They never actually need to post a profit ever as long as they keep the hype train rolling