We just received about 300 documents about $TSLA and SpaceX from CAEATFA, part of the CA State Treasurer's Office. While Elon Musk was mouthing off about moving to TX because CA is "complacent," he was asking for $117 million *more* in tax breaks.
$TSLA clearly doesn't want its internal projections to be known. In the past they have directly contradicted Elon Musk's claims.
Elon is so "paranoid" (a word he has used to describe himself) about his lies being exposed that his lawyers are even redacting other companies' data. $TSLA
This may be the first written evidence that Elon Musk's relationship with @PwC goes beyond $TSLA and audit. Here, PwC appears to be working for SpaceX in a non-audit capacity, handling general and accounting tax matters. This is a conflict with the auditor role at $TSLA.
@PwC What at first looked like a 22% discrepancy between deliveries and sales is probably explained by $TSLA not answering the questions it is required to answer on the separate CAEATFA annual reports it filed for Model 3, S, and X. The Model 3 report does not qualify; the others do.
This is remarkable because in order to qualify for its tax breaks, $TSLA must provide information to the State of California pursuant to CAEATFA regulations. Here, it's not clear what information is being provided, and in other cases, the company flat-out refuses.
Why does $TSLA need a $100 million+ tax break from CA? Because it wants to make an "unspecified project ('project') electric vehicle" and it has a desire to "deepen our manufacturing footprint in California." Not China. Not Germany. Not Texas—none of which are mentioned.
California taxpayers are literally handing out tax breaks to a billionaire who has sued, called government officials "fascists," denied and minimized the COVID-19 pandemic, and *left California to further evade taxes*—for an "unspecified project" while jobs move overseas. $TSLA

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More from @PlainSite

8 Jun 20
Over 102,000 Robinhood users now hold $HTZ. Which is bankrupt.
The Robinhood UI provides no indication that $HTZ has filed under Chapter 11. Not even a "Bankrupt" tag.
The stock is now up about 43%, and over 100,000 people are virtually guaranteed to lose their entire investment. $HTZ fool.com/investing/2020…
Read 22 tweets
14 May 20
The ink is still wet on the papers Leopold Visser signed on behalf of Tesla Finance LLC—"Captive finance arm of Tesla in the US"—and TALT Holdings LLC, with TALT being the Tesla Auto Lease Trust. Kudos to @TSLAchooo for making the clear and direct connection to $CVNA.
@TSLAchooo Inquiring minds want to know. $TSLA $CVNA
@TSLAchooo The collaboration documented by @montana_skeptic on the $TSLA / $CVNA relationship is the authoritative text on the topic, but one more detail that might be of interest: even though most of these Tesla listings seem to be *perpetually* being purchased by another customer...
Read 18 tweets
12 May 20
New: We have obtained the confidential, at-present-undocketed (or potentially under seal) 150 page+ deposition transcript of Karl Hansen in the $TSLA v. Tripp case. Hansen makes some absolutely stunning allegations on the record that could land people in federal prison.
First, the transcript describes a "device" that Tesla security used to intercept the personal cell phones of employees at the Nevada factory. This has been reported on previously in part, but never fully described. The device sounds like a Stingray based on its description.
Hansen would be the *second* person who worked at the NV factory to describe this. Wiretapping is a federal crime. Using a Stingray (which is normally something only law enforcement uses) to illegally wiretap thousands of employees—in a two-party consent state—is a problem.
Read 14 tweets
7 May 20
Did someone say they wanted 134 pages of a videotaped Elon Musk deposition transcript? Look no further than Document 177-1. $TSLA plainsite.org/dockets/3br5tk…
Here's how it starts.
The case is called "Tesla, Inc. v. Tripp" because Musk initiated the case. It was not "brought by" a counterparty (Tripp). It was "brought by" himself. He can stop at any time.
Read 31 tweets
27 Mar 20
Said before, but worth repeating: $TSLA is presently worth $95 billion, down from over $160 billion. Right now, it produces no cars. Its accounting is fraudulent. Its CEO is a public health menace and engages in criminal conduct routinely. And it is not manufacturing ventilators.
The solar division, formerly SolarCity, was acquired to bail out the CEO's family. Unsealing documents proving this led the CEO to lash out at us and @Russ1Mitchell. Solar Roof 3.0 turned out to be made in Changzhou, China. The Buffalo assembly line is boxed up in a NY warehouse.
The launch of Solar Roof 3.0 was timed to the minute to distract from the bailout documents. $TSLA then updated its app to literally steal money in the form of non-refundable "upgrades" from unsuspecting customers. It buys its own cars worldwide at end-of-quarter to pump numbers.
Read 6 tweets
7 Jan 20
Our fourth Reality Check report: Tesla, Inc. $TSLA. The company's financial disclosures are largely fraudulent and litigation is piling up because CEO Elon Musk is a habitual liar unfit to serve as an officer or director of any publicly traded company. plainsite.org/realitycheck/t…
This report consolidates our work, and the key insights of the "$TSLAQ" community on Twitter, from the past year and a half into one comprehensive document. It's 100 pages with over 300 footnotes. The evidence against Tesla and Elon Musk is damning and irrefutable.
Anyone who follows Tesla knows that the details are endless and the news moves very fast, so this report will undoubtedly be outdated in an instant. But the key principles are there: consumer fraud, securities fraud, and accounting fraud, all borne of a perpetual need for cash.
Read 25 tweets

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