Tesla Korea Auditor Finds Accounting Errors in 2022 Report

Tesla Korea received “qualified opinion” for its 2022 financial report from external auditor Taesung Accounting Corp., according to a regulatory filing on Wednesday.

• The auditor says Tesla Korea reflected a total ~28b won of additional corporate tax charge and penalty imposed by Korean regulators, which were attributable in 2021, in 2022 financial statement
• Tesla Korea also reflected the corporate tax charge as receivable rather than expense

To contact the reporters on this story:
Heejin Kim in Seoul at hkim579@bloomberg.net;
Kyungji Cho in Seoul at kcho54@bloomberg.net

To contact the editors responsible for this story:
Katrina Nicholas at knicholas2@bloomberg.net

Shinhye Kang, ...