The Thursday Lowdown ⬇️

If you're new around here, every day I share the 4-5 best accounting insights I saw in the past 24 hours.

I scroll. so you don't have to.

💎 WTF of the Day

Tesla’s $1.4B Accounting Mystery

Tesla’s books just got a whole lot messier. A new report claims the company has lost track of $1.4 billion, sparking major accounting red flags. But here’s the thing, Elon’s not sweating it. He’s chalking it up to bad reporting and insists Tesla’s financials are solid.

The missing money is tied to regulatory credits, essentially free cash Tesla gets for making EVs. Some are calling it a simple accounting hiccup, while others smell something fishy. But if you ask Musk, it’s just another overblown media freakout.

Either way, the stock took a hit, and the internet is having a field day.

Source: Electrek

💎 What’s poppin in accounting

Big Four’s New AI Might Replace You

EY, Deloitte, and Digits just teamed up with Nvidia to bring "agentic AI" into accounting. Translation, AI that thinks for itself, automates decisions, and might just replace a chunk of the workforce while it's at it.

The pitch? Faster audits, smarter financial planning, and fewer compliance headaches. But let’s cut the corporate BS, this is about making AI smart enough to do what accountants do, just without the salary.

For accountants? It’s another reminder that AI isn’t coming for your job… it’s already knocking.

Source: EY.com

 📊 Weekly Trend Chart

America’s New Public Enemies

A new survey found that nearly half of Americans think people have gotten ruder since COVID. And the list of public behaviors that grind their gears? Talking on speakerphone, cutting in line, and letting kids run wild in restaurants.

Basically, if you’ve ever blasted TikToks on full volume in a waiting room, you might be the problem. The real question, are people actually worse, or did we all just forget how to act after lockdown?

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