| ▲ | gota 4 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. | ||
| ▲ | consp 4 hours ago | parent [-] | |
> 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. | ||