Tesla's $1.4 billion mysteriously 'evaporated'

Financial Times discovered a $1.4 billion discrepancy in Tesla's financial statements. Photo: CNN .

According to a Financial Times analysis, Tesla spent $6.3 billion on property, plant, and equipment in the second half of 2024. However, when compared to the company's balance sheet, the combined value of property, plant, and equipment increased by only $4.9 billion over the same period, reaching $51 billion .

This $1.4 billion difference (equivalent to $6.3 billion minus $4.9 billion ) was pointed out by the Financial Times as a mysterious "evaporation" of money.

The Financial Times report said that unless Tesla clearly explains this difference in its upcoming earnings report, this could be a sign of unusual problems in the electric car company's financial management.

Tesla has yet to make any official comment on the report. Investors and analysts will be waiting for Tesla's next earnings report for more information.

Tesla’s lack of transparency in its financial reporting comes amid pressure on the company’s stock. A series of global protests have erupted since Elon Musk began working for the Department of Government Efficiency, or DOGE. “Don’t buy Tesla” slogans have appeared in protests in Berlin and Wales.

The protest movement originated on Bluesky, a rival platform to Elon Musk’s X, which calls on owners to sell their Tesla cars and shares to “stop Musk now.” The site lists dozens of public protests at Tesla showrooms in recent weeks.

Faced with the situation, Elon Musk shared that Tesla is a peaceful company, and they have not done anything harmful. He also suggested that the vandalism and protests are part of a larger conspiracy against him.