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Ex-SolarCity employees: We were fired after reporting millions in fake sales

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Re: Ex-SolarCity employees: We were fired after reporting millions in fake sales

#181
post #5

"This tactic allegedly resulted, this person said, in tens of hundreds of millions of dollars in phantom revenue." SolarCity had revenues of ~$480M in 2016 [0]. "Tens of hundreds of millions" would mean billions of dollars of phantom revenue. Even if that fake revenue would be distributed over a couple of years, it would have been a significant proportion of SolarCity's revenue. Just seems unrealistic that the SEC or…

From what I can tell, prior to mid-2017 (which would include most or all of the period that the lawsuit covers) SolarCity's residential products were actually 20-30 year leases rather than outright purchases. Following GAAP accounting rules, the revenue from the lease payments would need to be spread out along the whole length of the contract, so a lot of the fake revenue that they are talking about might actually be…

Yeah this seems like a reasonable thing that might have happened. Putting it this way, it's still a bad thing but it's nothing of significance to SolarCity's overall performance or bottom line.

Re: Ex-SolarCity employees: We were fired after reporting millions in fake sales

#182
post #22

Earlier quoted context omitted.

Ok. So it could be either $40M or $400M - that's a huge range. Let's assume something in the middle, like $200m. Does it seem credible to you guys that nobody except the three plaintiffs noticed that SolarCity faked half of their 2016 revenue?

Well first off, I don’t see a time range here. This could easily be stretched over multiple years. Secondly, if someone says “tens or hundreds of millions”, I assume that they’re giving a rough estimate based on incomplete information. If I’m evaluating the credibility of such an estimate, then I’ll consider the most conservative end of the range, which in this case is $20M. If we suppose that that was spread over th…

That does sound plausible and also not newsworthy :-)

Re: Ex-SolarCity employees: We were fired after reporting millions in fake sales

#183

Earlier quoted context omitted.

[flagged]

[flagged]

Sure, easy:

http://www.chicagotribune.com/news/opinion/commentary/ct-per...

https://www.indystar.com/story/opinion/nation-now/2017/12/20...

https://www.politico.com/magazine/story/2017/12/31/trump-bet...

https://www.usnews.com/opinion/articles/2017-12-21/donald-tr...

https://www.forbes.com/sites/billwhalen/2018/05/05/if-not-fo...

Re: Ex-SolarCity employees: We were fired after reporting millions in fake sales

#184

Earlier quoted context omitted.

Wouldn’t the updated title suggest that?

Nothing on the front page suggests that anything has been updated. Title is still “Ex-SolarCity employees: We were fired after reporting millions in fake sales.”

Did Tesla get back to them, and did the story change?

Re: Ex-SolarCity employees: We were fired after reporting millions in fake sales

#185

Earlier quoted context omitted.

[flagged]

Sure, easy: http://www.chicagotribune.com/news/opinion/commentary/ct-per... https://www.indystar.com/story/opinion/nation-now/2017/12/20... https://www.politico.com/magazine/story/2017/12/31/trump-bet... https://www.usnews.com/opinion/articles/2017-12-21/donald-tr... https://www.forbes.com/sites/billwhalen/2018/05/05/if-not-fo...

You're right, you found them. Two of those were written by PR consultants, all of them are opinion pieces, and one was written by a republican speechwriter. How about something written by a person on staff as a writer representing a journalistic organization? You know, like these:

http://www.chicagotribune.com/news/opinion/zorn/ct-perspec-z...

https://www.cnn.com/2018/07/16/politics/trump-tweet-putin/in...

https://www.theatlantic.com/international/archive/2018/07/pu...

https://www.newyorker.com/magazine/2017/03/13/donald-trumps-...

https://www.washingtonpost.com/opinions/trumps-worst-moment-...

https://www.thenation.com/article/trump-worst-week-yet-will-...

Re: Ex-SolarCity employees: We were fired after reporting millions in fake sales

#186
post #168

Earlier quoted context omitted.

> Shouldn't that industry have to pay? The US government says they shouldn't have to pay. I doubt there is enough data to state empirically that storm 'intensity' has increased substantially over the last 50 years relative to the last 1000. We don't have a system in place to account for every environmental impact made by people. Is everyone that has ever dug a hole in the ground responsible in some small way for soil…

So which is it? Do we have to carefully consider "subsidy" of some activities, or are we throwing up our hands and saying "we don't have a system in place to account for environmental impacts"? I would say economic impacts (instead of environmental) made by political decisions? > The cost of homes is not necessarily rising but being more fairly distributed to those who choose to live in high-insurance areas. I would…

The future always holds some level of uncertainty. At this point, most people believe climate change is a certainty, so they have to operate based on those assumptions.

I don't think anyone had this information 50 years ago, so who are we going to hold accountable?

Re: Ex-SolarCity employees: We were fired after reporting millions in fake sales

#187

Earlier quoted context omitted.

Sure, easy: http://www.chicagotribune.com/news/opinion/commentary/ct-per... https://www.indystar.com/story/opinion/nation-now/2017/12/20... https://www.politico.com/magazine/story/2017/12/31/trump-bet... https://www.usnews.com/opinion/articles/2017-12-21/donald-tr... https://www.forbes.com/sites/billwhalen/2018/05/05/if-not-fo...

You're right, you found them. Two of those were written by PR consultants, all of them are opinion pieces, and one was written by a republican speechwriter. How about something written by a person on staff as a writer representing a journalistic organization? You know, like these: http://www.chicagotribune.com/news/opinion/zorn/ct-perspec-z... https://www.cnn.com/2018/07/16/politics/trump-tweet-putin/in... https://ww…

No true Scotsman, eh? I didn't know the author mattered, but now it does. What's next? Written at the wrong time? Then at the wrong place? Not long enough? Too obscure? Sigh... I'm done with your treasure hunt.

Now, if you'll excuse me, I feel rather dirty and I need to go take a shower.

Re: Ex-SolarCity employees: We were fired after reporting millions in fake sales

#188
post #168

Earlier quoted context omitted.

So which is it? Do we have to carefully consider "subsidy" of some activities, or are we throwing up our hands and saying "we don't have a system in place to account for environmental impacts"? I would say economic impacts (instead of environmental) made by political decisions? > The cost of homes is not necessarily rising but being more fairly distributed to those who choose to live in high-insurance areas. I would…

The future always holds some level of uncertainty. At this point, most people believe climate change is a certainty, so they have to operate based on those assumptions. I don't think anyone had this information 50 years ago, so who are we going to hold accountable?

The fossil fuel industry which knew it all 20+ years ago...

Re: Ex-SolarCity employees: We were fired after reporting millions in fake sales

#189
post #169

Earlier quoted context omitted.

"The gains to the working class is seen in the lowest unemployment numbers ever" Which isn't being accompanied by wage gains, and were going up long before the tax cuts happened. "That’s because that extra 33% in our bank balance means more marketing spending, more inventory, more open reqs for hiring sale, marketing, support, and engineering, etc. etc." Which is great, except the vast majority of companies are using…

> Which is great, except the vast majority of companies are using that 33% for stock buybacks. That’s certainly a popular talking point, but I think frankly it’s impossible; “Publicly traded companies constitute less than 1 percent of all U.S. firms and about one-third of U.S. employment in the non-farm business sector.”

"That’s certainly a popular talking point, but I think frankly it’s impossible;"

Think what you want, but you're not entitled to your own facts. And the facts show that, most publicly traded companies used the money for buybacks, and that wages did not grow very much in the last quarter, which one would expect if these tax cuts were going to go to wages. Which they didn't.

Re: Ex-SolarCity employees: We were fired after reporting millions in fake sales

#190

Earlier quoted context omitted.

You're right, you found them. Two of those were written by PR consultants, all of them are opinion pieces, and one was written by a republican speechwriter. How about something written by a person on staff as a writer representing a journalistic organization? You know, like these: http://www.chicagotribune.com/news/opinion/zorn/ct-perspec-z... https://www.cnn.com/2018/07/16/politics/trump-tweet-putin/in... https://ww…

No true Scotsman, eh? I didn't know the author mattered, but now it does. What's next? Written at the wrong time? Then at the wrong place? Not long enough? Too obscure? Sigh... I'm done with your treasure hunt. Now, if you'll excuse me, I feel rather dirty and I need to go take a shower.

Not really no true Scotsman. Opinions are sent in by people to be published in a part of the newspaper that is not actually affiliated with the newspaper's staff, and Forbes is famous for selling article space to PR.

It's not changing the goalposts to point out that these are not journalists, and they themselves would not call themselves journalists.

Using the true scotsman example, this is more like you brought me an example of a welsh person in Scotland.

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