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24.10. Numbers Don't Support The Q3 Story At Tesla https://seekingalpha.com/article/4298526-numbers-support-q3-… Summary • Quick review of the financial information provided shows Tesla's numbers are terrible. • Revenue is down, sales are weakening and problems lie ahead. • Slow-paying suppliers is not real cash flow. ... 3. Balance Sheet The first thing I want to point on the balance sheet is to reproduce five quarters worth of accounts payable, exactly as the company showed them: 3,597 3,405 3,249 3,134 3,468 Notice two changes. First, payables went down for four quarters in a row, and then spiked. Second, the difference between this quarter's A/p of $3468 and last quarter's number is $334 million. That's awfully close to the change in cash and (from 4,955 to 5,338) and the free cash build described above. So in a very meaningful sense, despite the fact that Tesla is claiming to have produced cash last quarter, the entire difference in cash comes from not paying suppliers. ... |
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| aus der Diskussion: | ROUNDUP/'WSJ': FBI ermittelt wegen Falschangaben zu Model 3 gegen Tesla |
| Autor (Datum des Eintrages): | faultcode (24.10.19 15:14:29) |
| Beitrag: | 1,992 von 10,213 (ID:61757399) |
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