Today, the Financial Times has released a new report pointing to a $1.4 billion gap in assets: Compare Tesla’s capital expenditure in the last six months of 2024 to its valuation of the assets that money was spent on, and $1.4bn appears to have gone astray. The article points out that Tesla reports having spent $6.3 billion on “purchases of property and equipment excluding finance leases, net of sales” in the second half of 2024, while property, plant, and equipment rose by only $4.9 billion in that period.