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Financial Times retracts report on Tesla’s alleged shady accounting

  • The Financial Times has issued a retraction for an article it recently published that accused Tesla of shady accounting practices.
  • The allegations were based on a discrepancy in Tesla's reported capital expenditure and the valuation of the assets it was spent on.
  • However, the Financial Times retracted its claims, suggesting that payments for assets already purchased and the disposal of depreciated property could explain the alleged discrepancy.
  • Tesla CEO Elon Musk responded to the retraction, stating, "Turns out FT can't do finance."

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