The Financial Times is now taking the consequences of accounting errors and retracting a story about Tesla's accounting mess. At the same time, Elon Musk mocks the newspaper.
Tesla was the focus of a widely reported article in the Financial Times, which has now been retracted.
The American newspaper had made allegations of accounting irregularities that ultimately turned out to be based on a calculation error.
More precisely, the newspaper claimed that Tesla was short 1.4 billion dollars, equivalent to 10 billion Danish kroner, which the car brand could not save in its accounts.
News of potential accounting problems at Tesla spread quickly, with many questioning how such a large deficit could have arisen.
However, an additional look at the accounts has made it clear that the otherwise well-respected American newspaper fudged the numbers.
Calculation error led to incorrect story about Tesla
The Financial Times has taken the consequences and publicly acknowledged the error. They have retracted their original article.
The original problem stemmed from a calculation error that made it appear as if Tesla had lost $1.4 billion.
The newspaper has publicly acknowledged the miscalculation that led to the original article. The original article included lines like: "Tesla has lost $1.4 billion."
But that data was based on a calculation error. Elon Musk is not slow to point out that the newspaper is now correcting itself. On his own social media "X", the former Twitter, he mocks the newspaper for the retraction.
– It turns out that the FT (Financial Times, ed.) doesn't know their financial stuff, writes the Tesla director.
