Comment by gota
21 hours ago
Maybe they did this to keep the contract with a symbolic value; or to avoid the headlines that Tesla 'cancelled' the contract?
A '99% write down' is such an uncommon term that many people might not register it.
21 hours ago
Maybe they did this to keep the contract with a symbolic value; or to avoid the headlines that Tesla 'cancelled' the contract?
A '99% write down' is such an uncommon term that many people might not register it.
> Maybe they did this to keep the contract with a symbolic value;
Tax reasons? Keep it on the book and write the loss off against other profit over coming years? No clue how it would work in practice but it sounds taxy.
posting it on HN had the opposite effect for me. if the headline was "tesla cancelled contract to buy batteries" i would not have cared. the things that still confuses me is that this is caused by tesla no longer needing these batteries, but the headline to me reads like it is caused by the partner and tesla is somehow negatively affected by that.