NON-Gaap reports are a joke. Honestly, why are they still legal? All reports should be GAAP. Accounting mechanics make it easy for non-gaap to show a profit!
GAAP can give an inaccurate picture so management can give non GAAP numbers to show how they see things. They still have to produce GAAP figures as well by law. Or:
>Management also believes that presentation
of the non-GAAP financial measures provides useful information to our investors regarding our financial condition and results of
operations because it allows investors greater transparency to the information used by Tesla management in its financial and
operational decision-making so that investors can see through the eyes of Tesla management regarding important financial metrics that
Tesla management uses to run the business as well as allows investors to better understand Tesla’s performance.
ddoolin|7 years ago
tim333|7 years ago
>Management also believes that presentation of the non-GAAP financial measures provides useful information to our investors regarding our financial condition and results of operations because it allows investors greater transparency to the information used by Tesla management in its financial and operational decision-making so that investors can see through the eyes of Tesla management regarding important financial metrics that Tesla management uses to run the business as well as allows investors to better understand Tesla’s performance.
as they put it