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How Musk is cooking the Tesla books

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Tesla shareholders have given Elon infinite "get out of jail free" cards over the years, and for the long-term holders of the stock, it's paid off in spades.

Now came to light how Musk is cooking the books, and of course, manipulating Tesla's share price.

https://finance.yahoo.com/markets/stocks/articles/tesla-cybertruck-sales-were-inflated-100008488.html

Tesla Cybertruck Sales Were Inflated by a SpaceX Buying Spree

(Bloomberg) -- Sales of Tesla Inc.’s Cybertruck have been propped up in recent months by Elon Musk’s other companies, an unusual arrangement that further indicates the polarizing pickup is failing to appeal to everyday buyers.

SpaceX, the Musk-led rocket and satellite maker, accounted for 1,279 — or more than 18% — of the 7,071 Cybertrucks registered in the US during the fourth quarter, according to registration data that S&P Global Mobility provided to Bloomberg News. The billionaire’s other ventures acquired another 60 vehicles during those months.

That means almost one in every five Cybertrucks registered during the period were delivered from one part of Musk’s sprawling business empire to another. And the purchases, likely exceeding $100 million in value, have continued into this year.

While the financial terms of the inter-company sales haven’t been disclosed, the Cybertruck’s current starting price of around $70,000 suggests that SpaceX, xAI, Boring and Neuralink have paid Tesla more than $100 million combined for the vehicles.

https://finance.yahoo.com/markets/stocks/articles/spacex-buying-cybertrucks-bulk-tesla-114035899.html

Tesla (NASDAQ:TSLA) shareholders are about to start asking a pointed question: why did they have to find out from outside reporting that SpaceX was purchasing Cybertrucks in bulk, as Bloomberg is reporting?>

Public companies are required to disclose material related-party deals so investors can assess whether terms are fair and whether one entity is subsidizing another. If SpaceX was buying Cybertrucks at scale, that revenue should have been flagged, contextualized, and disclosed. The fact that it apparently was not is the story.

To me, this goes beyond the usual "Musk is distracted" complaint. It raises a structural question about whether Tesla's related-party disclosure practices are adequate for a company where the CEO runs multiple private and public entities simultaneously.

Remember when the forum left assured us X was going bust? How did that work out for you guys?

My investments in SpaceX through trusts has been quite spectacular. I think up over 100% just in the last 12vmonths. Tyvm Elon, you always triumph over the deranged hate cult.

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  • Popular Post
17 minutes ago, SunnyinBangrak said:

My investments in SpaceX through trusts has been quite spectacular.

Sure Sunny. Tell us that you are an institutional investor now, who wastes his time on a Thai forum

Now that Leon has exposed every American's details, he wants to use that against them so he can reap the profits, the greedy <deleted>.

  • Popular Post
19 hours ago, SunnyinBangrak said:

My investments in SpaceX through trusts has been quite spectacular. I think up over 100% just in the last 12vmonths. Tyvm Elon, you always triumph over the deranged hate cult.

How have you managed to do that when there has been no IPO offered? My daughter has worked for Space X for a number of years and has accrued a considerable amount of stock options. Unless you are taking a risk on pre IPO shares on a platform like Hive it seems quite strange.

Yikes! What's up in the US? All the top guys are cooking.

  • Author

Musk got rich from government contracts, because governments waste a lot of money, and if you have friends there you get super rich in no time.
On top of that Musk lies to his investors, who granted him a royal salary linked to the Tesla share price. If he hadn't sold those trucks to his own companies, the sales figures would have declined by 50% during that period, and so would have been the share price.

https://finance.yahoo.com/markets/stocks/articles/tesla-cybertruck-sales-were-inflated-100008488.html

The figures reinforce the extent to which consumer demand is faltering only two years after Tesla began delivering the electric pickup. Without those sales to other Musk-run companies — which included xAI, Boring Co. and Neuralink, in addition to SpaceX — Cybertruck registrations in the fourth quarter would have fallen 51%.

“Tesla is running out of buyers for the Cybertruck,” said Sam Fiorani, vice president of global vehicle forecasting for advisory firm AutoForecast Solutions.

3 hours ago, marin said:

How have you managed to do that when there has been no IPO offered? My daughter has worked for Space X for a number of years and has accrued a considerable amount of stock options. Unless you are taking a risk on pre IPO shares on a platform like Hive it seems quite strange.

Scottish mortgage. Next.....

4 minutes ago, SunnyinBangrak said:

Scottish mortgage.

What does that comment mean, in English please?

1 minute ago, scottiejohn said:

What does that comment mean, in English please?

Scottish Mortgage Investment Trust (SMT) has a major, high-conviction holding in SpaceX, which has become its largest investment, comprising roughly 19.3% of the portfolio as of April 2026.

Must be the ugliest truck ever made?

I think I would prefer a petrol guzzling Dacia !

  • Author

Not difficult to beat sales figures when you sell your cars to your own companies, which run on government subsidies, and who are in no need of the cars

https://finance.yahoo.com/markets/stocks/articles/tesla-cybertruck-sales-were-inflated-100008488.html

Photos and videos have circulated online showing long rows of idle Cybertrucks on SpaceX property in Texas.

https://finance.yahoo.com/markets/stocks/article/tesla-q1-earnings-sales-top-forecasts-as-company-sees-tailwinds-boosting-auto-business-135049841.html

Tesla Q1 earnings, sales top forecasts as company sees 'tailwinds' boosting auto business

Tesla (TSLA) reported first quarter earnings that topped estimates after the bell on Wednesday, with Wall Street focused on the company’s slow-to-evolve Robotaxi rollout and capital expenditures, which are expected to balloon due to the company’s AI ventures.

Tesla reported revenue of $22.39 vs. $22.08 billion per Bloomberg consensus, up 16% year over year. Tesla posted adjusted EPS of $0.41 vs. $0.35. Tesla’s gross margin also hit 21.7%, vs. 17.7% estimated.

  • 2 months later...

On 4/17/2026 at 6:37 AM, marin said:

How have you managed to do that when there has been no IPO offered? My daughter has worked for Space X for a number of years

How does she feel working for a acammer?

Screenshot_20260717_154217_Chrome.jpg

Edited by Celsius

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