Financial Times Retracts Tesla Accounting Discrepancy Claim After Error

The $1.4 billion gap in Tesla's financials was explained through standard accounting practices, leading to a stock rebound and Elon Musk's criticism of the publication.

The Financial Times initially reported a $1.4 billion discrepancy in Tesla's financial statements, raising concerns about potential irregularities.
On March 25, the Financial Times issued a correction, explaining the discrepancy through non-cash investing activities, asset disposals, and other accounting factors.
Tesla's stock price, which had dropped significantly following the report, rebounded by 27.5% after the correction was published.
Elon Musk criticized the Financial Times for its initial reporting error, suggesting the publication lacked financial expertise.
The incident has sparked broader discussions about the role of media in financial reporting and the importance of trusting auditors' evaluations in complex corporate finances.

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