They are a liability if you follow actual accounting rules.
Which I could see Tesla not doing and then trying to make up some BS about it afterwards. If they burn through deposits but not delivering cars, then the deposits sit in the liabilities column while the asset of cash dwindles. We used to call that "heading for insolvency" and today, in EV land, I wonder if people think the same thing?
If you were REALLY creative you could try to put the orders on the balance sheet! Capitalize them! Damn, we could make Tesla look amazing...
![Grin ;D](https://www.autos.ca/forum/Smileys/CarTalk/grin.gif)