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From Electrek: Tesla gets a slap on the wrist from the SEC over accounting method

Discussion in 'News from Electrek.co' started by RSSFeed, Nov 28, 2016.

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  1. RSSFeed

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    Tesla gets a slap on the wrist from the SEC over accounting method

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    Tesla critics have often complained about the company’s use of non-GAAP metrics in its quarterly financials results. While the company claims that it better represents its financial situation than the Generally Accepted Accounting Principles (GAAP), detractors said the method was embellishing Tesla’s financials.

    The company stopped using the method since last quarter and now the Wall Street Journal came out with a report suggesting that the SEC was behind the change. more…

    Filed under: Uncategorized [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG][​IMG]

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  2. 3Victoria

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    Inconsequential -- the important phrase is:
    "the agency currently considers the matter to be resolved."
     
    • Agree Agree x 3
    • Dan Detweiler

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      Yup, I agree.

      Dan
       
    • Michael Russo

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      Me too, but then why does Elektrek even feel the urge to report it...?! This falls in the category of space filling... :)
       
    • garsh

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      Electrek is pretty good about digging up all kinds of stuff that I generally don't see anywhere else. It's not huge news, but it is news about Tesla, so I'm glad they have the article.
       
    • Michael Russo

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      Ok. I get it, thanks, @garsh & greetings from Singapore!
      Mike
       

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