Cross-post: More on SEC comment letters and Tesla's tax accounting
SEC comments on tax valuation allowance are uncommon and may lead to changes in accounting.
This is a cross-post with Deep Quarry, the newsletter I occasionally collaborate on with Olga Usvyatsky. If you value our work, please subscribe!
In my previous post I discussed why I believe Tesla’s release of a $5.9 billion tax valuation allowance was likely prompted by the SEC’s Division of Corporation Finance (Corp Fin) comment letters. In this piece…