Can you explain this ?
"""We could get in serious trouble for this.""""

Which one is it?

We did something so we could get in serious trouble for it. (There's no risk now, It's past)
We did soemething and we can still get in serious trouble for it. (There's still a risk)

Or both.

Question

Can you explain this ?
"""We could get in serious trouble for this.""""

Which one is it?

We did something so we could get in serious trouble for it.  (There's no risk now, It's past)
We did soemething and we can still get in serious trouble for it. (There's still a risk)

Or both.

Answer

It would be closer to the sense of:

> We did soemething and we can still get in serious trouble for it. (There's still a risk)

However the sentence refers to something you are in the process of doing or about to do, rather than some action in the past.

Answer

We did soemething and we can still get in serious trouble for it. (There's still a risk) - is right
We could have got into serious trouble for that. (There's no risk now)

So what exactly did you do?? Reveal all!!! ))))

Answer

We are in the process of doing something and could (later) get into trouble for it.
Also possible, we just completed doing something and we could get in serious trouble if it were discovered.