$TSLA $F $VWAGY: How To Compare Balance Sheets

A year old, this sage advice is needed more than ever on Twitter for novice F/A types who have never opened up a 10-K and who only get their data scrapes from opening pages on yahoo finance:

https://seekingalpha.com/article/4417862-captive-financing-a…

Summary

* Some investors erroneously point to large consolidated debt balances at incumbent auto OEMs to argue they have a balance sheet problem.

* The vast majority of this debt is from captive financing arms and is more than offset by financial assets and equity cushion.

* OEMs like Ford are in a much stronger financial position than it appears on the surface and have substantial financial resources to compete with Tesla in EVs.

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That screenshot from yahoo finance for $JPM will make you laugh.