[panick21_]

> A Elon Musk company valued higher than what makes sense.. How novel.

I'm sure you are multi billionaire if you always know how companies should be valued.

> Alternative accounting methods are another common theme with Musk.

That's just a baseless accusation TeslaQ people used to throw around about Tesla. And for SpaceX, we don't know anything about their internal accounting.

> If it's a major capital expense, they'll take on some debt.

Companies do what its based base on a number of factors. One is not inherently better then the other.

So in summation you have any actual arguments. Good to know.

[martin8412]

Tesla doesn't use the same accounting methods as any other car manufacturer. Tesla counts pretty much any warranty repair as good will. That means it doesn't eat into their per unit margin. So the number is not in any way comparable to competitors.

We don't know anything about SpaceX accounting, and as such there is no reason to believe anything they state about profitably when they have to continue raising cash. Get your tongue out of Musks' arse, he has a history of lying and the financials aren't public.

[panick21_]

Tesla isn't the same as other car companies, they don't have the dealership models and their repairs are in house. Expecting it to be the exact same as other car manufactures doesn't even make sense. That doesn't make it 'Alternative accounting'.

But by this magical slight of hand, you can't actually prove anything. Its a mostly irrelevant point used by TeslaQ people to distract from the actual numbers.

Because the actual numbers are positive on Tesla they had to come up with some absurd 'its all account fraud nonsense'.

> Tesla counts pretty much any warranty repair as good will. That means it doesn't eat into their per unit margin.

Tesla has Service separated as their own business unit. That is a sensible thing to do.

And yes, Service did lose money for years, because all of Tesla cars were under warranty and they were making large investments building 100s of service centers.

In the last couple years this has already flipped, Service is now profitable, and is about to get more profitable.

So this is just utterly idiotic to accuse Tesla of 'alternative accounting' or assume any kind of deceptions.

The numbers are all their. The are subject to regulation.

And the fundamental underlying profit numbers don't change, no matter how you rearrange the service business. So its just an utterly irrelevant point people like you bring up because they have nothing real to talk about.

> Get your tongue out of Musks' arse

And the true motivation shows itself. You are so hell bent on proving Musk is bad that you threw out your brain.

If simple black and white numbers say one thing, you have to invent some 'accounting fraud' nonsense that every single expert and the SEC disagrees with. And that is utterly irrelevant to boot. Even in the most charitable possible case, your argument means that per unit margin reported compared to other car companies should by the slightest bit different. Wow, truly the whole Tesla leadership should thrown into the gulag.

If you don't have the numbers black and white, you just make the worst possible assumptions. No matter how many expects, journalist, annalists and investors disagree with your assessment. And you clearly don't even know anything about space business, you are in it to prove Musk and SpaceX is bad, not driven by an actual analysis of SpaceX other then 'they raise money'.