by Chris Black
Tesla has been delivering phantom cars for years. Deliveries are always higher than production. Which could make sense of there was ever a production surplus. However, Tesla has never had a quarter where production was greater than the supposed deliveries.
The only explanation is that Tesla counts a deposit for a future car as a delivered vehicle in the current quarter.
Forward booking future revenue. There is a reason why every CFO quit.
Tesla claims it sold 15,000 vehicles in Australia last year, but registration data released last week showed 12,000 Teslas were added to the national fleet in 2021. https://t.co/LVQdjqLXxd
— Drive (@drivecomau) January 30, 2022