Do you know how modern accounting works? You can amortize and depreciate big up front investments over a time line of your own choosing. So yeah - big upfront costs to move to a new manufacturing process depreciated and amortized over a short amount of time combined with a weak ass product and minimal sales and you get those big kind of losses. It’s not rocket science.
Do you know how modern accounting works? You can amortize and depreciate big up front investments over a time line of your own choosing. So yeah - big upfront costs to move to a new manufacturing process depreciated and amortized over a short amount of time combined with a weak ass product and minimal sales and you get those big kind of losses. It’s not rocket science.
Is it sustainable? People haven’t bought into the whole EV green agenda!