Damning Tesla

CNBC: Elon Musk's extreme micromanagement has wasted time and money at Tesla, insiders say

"Across the many programs, it can be easy to lose track of information about people, expenses or any particular part and its whereabouts.

Some service employees said they were surprised to learn that when they sent mechanics to help out with "bursts" to build new vehicles in the Fremont factory, their time was billed either to "training" or "research and development," rather than service or vehicle assembly. One said he was relieved that travel, per diem expenses and overtime wasn't charged to his region."

Booking operating expenses as capital expenditures was at the root of the WorldCom fraud.

Investopedia: WorldCom was not just the biggest accounting scandal in the history of the United States, but also one of the biggest bankruptcies.

Probably just a coincidence.

We are short Tesla.



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