Garlan Garner
Banned
So....I suppose Tesla hasn't used any of it.It's basic accounting, actually. Tesla COULD spend all that deposit money, and the day a bunch of people decide they want to cancel because, oh I dunno, they don't want to wait anymore , and uh oh, there's no money to give back cause it's spent.
Any business that isn't trying any funny business with their accounting will set aside these funds and not count it as earned revenue.
How to Report Deposits in Accrual Based Accounting
It is indeed in Elons sock drawer.