Tesla Inc (TSLA)

[boston745]

Facebook Cofounder Says Tesla Has Committed "Consumer Fraud on a Massive Scale," Will End in Jail

Heads Will Roll

Amidst a chaotic month for Tesla — even by its continuously plunging standards — Facebook cofounder and multi-billionaire Dustin Moskovitz has made some pretty dire predictions for the automaker, accusing it of committing "consumer fraud on a massive scale."

"This is Enron now, folks," Moskovitz wrote on Threads, referring to the corporation that went bankrupt in 2001 after it was exposed for one of the biggest accounting frauds in history. "It may keep going, but people are going to jail at the end."

Theranos is a better comparison than Enron as Musk and Tesla used FSD/Robotaxi in a fake it until it makes it scam to pump the stock. Moskovitz point seems to be more accounting related akin to Enron book cooking.

The point of the side-by-side is this: according to Moskovitz, the automaker is wrongly recognizing its deferred revenue — revenue for a product that hasn't been delivered, like an annual subscription fee — as earned revenue through the wider release of its Autopark feature last month. This is a sketchy move, Moskovitz claims, because an earlier version of Autopark was already released with FSD years ago, resulting in inflated numbers.

"The data is presented in fraudulent ways, and it doesn't say what they claim it says even when they make it up," he wrote.

https://finance.yahoo.com/news/facebook-cofounder-says-tesla-committed-135001013.html