Thread: Tesla Model 3
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Old 10-25-2018, 11:12 AM   #657 (permalink)
Vman455
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Quote:
Originally Posted by JSH View Post
They also owe their suppliers $3.6 million in account payables. So it appears that Musk did convince suppliers to take delayed payments so he could show a paper profit for the 3rd quarter.
Am I missing something here? Various news outlets report a Q3 profit of $312 million, large enough that $3.6 million wouldn't make a difference either way, and an increase in cash reserves of $731 million, to $3 billion on hand.
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