4 Comments

Thanks for the interesting article!

Just one question: "As for non-cash Q1 profit attributable to deferred revenues, it’s also clearly disclosed in their CFS — an incredibly measly $195M"

It might be a matter of wording/syntax that confuses me, but non-cash items do not show up in the cash flow statement when they are positive - so here it's really the actual cash they got from the deferred revenues.

Expand full comment
author

Hi Simon, thanks you're right! I forgot about that as they didn't make a distinction between non-cash adjustments and working capital changes in the OCF - deferred revenues should fall under the latter category!

Expand full comment

What does F/S DD mean?

Expand full comment
author
Apr 28·edited Apr 28Author

Financial Statement Due Diligence, it's a play on Tesla's FSD (Full-Self Driving) software.

Expand full comment