That's only one side of the transaction.. The cash is also held as an asset as cash on the balance sheet -- likely restricted cash. My only point is that their cash position to build out their production line is probably overstated if you only look at the cash/marketable securities line item.
I think they're actually accounting the pre-order money as straight up Cash on hand.
> My only point is that their cash position to build out their production line is probably overstated if you only look at the cash/marketable securities line item.
I agree with this. I'm just surprised at how they're accounting for this. I'm fairly certain they consider the pre-order money to be 'cash / cash-equivalents', the $1.4 Billion line item.
