"This tactic allegedly resulted, this person said, in tens of hundreds of millions of dollars in phantom revenue."
SolarCity had revenues of ~$480M in 2016 [0]. "Tens of hundreds of millions" would mean billions of dollars of phantom revenue. Even if that fake revenue would be distributed over a couple of years, it would have been a significant proportion of SolarCity's revenue. Just seems unrealistic that the SEC or any other agency didn't realize that.
Or what do they mean by "Tens of hundreds of millions?". Did they mean to write "Tens OR hundreds of millions?". Even then the same logic applies.
SolarCity had revenues of ~$480M in 2016 [0]. "Tens of hundreds of millions" would mean billions of dollars of phantom revenue. Even if that fake revenue would be distributed over a couple of years, it would have been a significant proportion of SolarCity's revenue. Just seems unrealistic that the SEC or any other agency didn't realize that.
Or what do they mean by "Tens of hundreds of millions?". Did they mean to write "Tens OR hundreds of millions?". Even then the same logic applies.
[0] https://www.statista.com/statistics/505770/revenue-of-solarc...