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From: TheNextGoogle (Rep: 528) reply to bucyrusDate: 11/07/2019 21:05
Forum: Tesla - Msg #5880Thread #674106128 (Rec: 0)
Re: I read the profit was from lowering the warranty reserve for each car -

well, not only from the warranty reduction, but it also seems they're selling more cars than they made - carrying over inventory.

IF you read through the 10K earnings report, with all the losses and declining sales, it looks more like a losing earnings report, rather than a Blockbuster. To me it looks like it's all fudged, dirty. They hired the right accountant, and I'm sure a lot more will come out of it, when people examine it.

Here's what I said about the real earnings report previously -
http://www.thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=2804136&cmd=read



                                                                                   

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Reply to bucyrus - Msg #2804460 - 11/07/2019 20:26

Re: I read the profit was from lowering the warranty reserve for each car .. nothing else changed to give a profit It may be justified if they have their manufacturing line working with less rework but who knows.
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