1. Discuss what is meant by "earnings quality." 2. Why would Tesla choose to provide non-GAAP financial statements? What are the pros and cons of using GAAP and alternatives to GAAP for management and investors? 3. Prepare a brief review of Tesla's performance with adjusted financial statements for the resale value guarantee, regulatory credits, and stock-based compensation. It may be helpful (but not required) to prepare a spreadsheet showing the individual and combined effects of each adjustment on GAAP. 4. Is it reasonable that Tesla was profitable in the third quarter of 2014? 5. Are Tesla's non-GAAP adjustments appropriate? Why or why not? What are the specific accounting issues (think big picture)? What effects do Tesla's adjustments have on financial performance