Re: A bit more scepticism wouldn't hurt
Personally, I wouldn't bet against him.
Also worth considering that despite the Reg offering a screaming "burns $675.3m in largest ever quarterly loss" headline, if they'd bothered to read the press release a bit more, they'd have seen that cash flow from operating activities had turned positive, and to the tune of half a billion dollars.
P&L is merely theatre for the peasants. All the real action is on the cash flow statement and the balance sheet. They all (should) ultimately reconcile, but it does help to have a clue about what matters.