# migrations

dir: embeddings_queue
filename: 00001-embeddings.sqlite.sql
hash: d3755dfd232be8e8301f4d7fcfb3a486
sql:
CREATE TABLE embeddings_queue (
    seq_id INTEGER PRIMARY KEY,
    created_at TIMESTAMP NOT NULL DEFAULT CURRENT_TIMESTAMP,
    operation INTEGER NOT NULL,
    topic TEXT NOT NULL,
    id TEXT NOT NULL,
    vector BLOB,
    encoding TEXT,
    metadata TEXT
);


dir: sysdb
filename: 00001-collections.sqlite.sql
hash: 38352d725ad1c16074fac420b22b4633
sql:
CREATE TABLE collections (
    id TEXT PRIMARY KEY,
    name TEXT NOT NULL,
    topic TEXT NOT NULL,
    UNIQUE (name)
);

CREATE TABLE collection_metadata (
    collection_id TEXT REFERENCES collections(id) ON DELETE CASCADE,
    key TEXT NOT NULL,
    str_value TEXT,
    int_value INTEGER,
    float_value REAL,
    PRIMARY KEY (collection_id, key)
);


dir: sysdb
filename: 00002-segments.sqlite.sql
hash: 2913cb6a503055a95f625448037e8912
sql:
CREATE TABLE segments (
    id TEXT PRIMARY KEY,
    type TEXT NOT NULL,
    scope TEXT NOT NULL,
    topic TEXT,
    collection TEXT REFERENCES collection(id)
);

CREATE TABLE segment_metadata (
    segment_id TEXT  REFERENCES segments(id) ON DELETE CASCADE,
    key TEXT NOT NULL,
    str_value TEXT,
    int_value INTEGER,
    float_value REAL,
    PRIMARY KEY (segment_id, key)
);


dir: sysdb
filename: 00004-tenants-databases.sqlite.sql
hash: 048867ce8fcdefe4023c7110e4433591
sql:
CREATE TABLE IF NOT EXISTS tenants (
    id TEXT PRIMARY KEY,
    UNIQUE (id)
);

CREATE TABLE IF NOT EXISTS databases (
    id TEXT PRIMARY KEY, -- unique globally
    name TEXT NOT NULL, -- unique per tenant
    tenant_id TEXT NOT NULL REFERENCES tenants(id) ON DELETE CASCADE,
    UNIQUE (tenant_id, name) -- Ensure that a tenant has only one database with a given name
);

CREATE TABLE IF NOT EXISTS collections_tmp (
    id TEXT PRIMARY KEY, -- unique globally
    name TEXT NOT NULL, -- unique per database
    topic TEXT NOT NULL,
    dimension INTEGER,
    database_id TEXT NOT NULL REFERENCES databases(id) ON DELETE CASCADE,
    UNIQUE (name, database_id)
);

-- Create default tenant and database
INSERT OR REPLACE INTO tenants (id) VALUES ('default_tenant'); -- The default tenant id is 'default_tenant' others are UUIDs
INSERT OR REPLACE INTO databases (id, name, tenant_id) VALUES ('00000000-0000-0000-0000-000000000000', 'default_database', 'default_tenant');

INSERT OR REPLACE INTO collections_tmp (id, name, topic, dimension, database_id)
    SELECT id, name, topic, dimension, '00000000-0000-0000-0000-000000000000' FROM collections;
DROP TABLE collections;
ALTER TABLE collections_tmp RENAME TO collections;


dir: metadb
filename: 00001-embedding-metadata.sqlite.sql
hash: 2b4cf52c4bb2676e21d6860a4409f856
sql:
CREATE TABLE embeddings (
    id INTEGER PRIMARY KEY,
    segment_id TEXT NOT NULL,
    embedding_id TEXT NOT NULL,
    seq_id BLOB NOT NULL,
    created_at TIMESTAMP NOT NULL DEFAULT CURRENT_TIMESTAMP,
    UNIQUE (segment_id, embedding_id)
);

CREATE TABLE embedding_metadata (
    id INTEGER REFERENCES embeddings(id),
    key TEXT NOT NULL,
    string_value TEXT,
    int_value INTEGER,
    float_value REAL,
    PRIMARY KEY (id, key)
);

CREATE TABLE max_seq_id (
    segment_id TEXT PRIMARY KEY,
    seq_id BLOB NOT NULL
);

CREATE VIRTUAL TABLE embedding_fulltext USING fts5(id, string_value);


dir: metadb
filename: 00002-embedding-metadata.sqlite.sql
hash: 12a570f7121b3a8ce750a2a7c36da20f
sql:
-- SQLite does not support adding check with alter table, as a result, adding a check
-- involve creating a new table and copying the data over. It is over kill with adding
-- a boolean type column. The application write to the table needs to ensure the data
-- integrity.
ALTER TABLE embedding_metadata ADD COLUMN bool_value INTEGER


dir: metadb
filename: 00003-full-text-tokenize.sqlite.sql
hash: f97ad6334aeaa8f419f01110b648b97a
sql:
CREATE VIRTUAL TABLE embedding_fulltext_search USING fts5(string_value, tokenize='trigram');
INSERT INTO embedding_fulltext_search (rowid, string_value) SELECT rowid, string_value FROM embedding_metadata;
DROP TABLE embedding_fulltext;


# embeddings_queue

created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d424c6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 0, "chroma:document": "UNITED\tSTATES\nSECURITIES\tAND\tEXCHANGE\tCOMMISSION\nWashington,\tD.C.\t20549\nFORM\t\n10-K\n(Mark\tOne)\nx\nANNUAL\tREPORT\tPURSUANT\tTO\tSECTION\t13\tOR\t15(d)\tOF\tTHE\tSECURITIES\tEXCHANGE\tACT\tOF\t1934\nFor\tthe\tfiscal\tyear\tended\t\nDecember\t31\n,\t2023\nOR\no\nTRANSITION\tREPORT\tPURSUANT\tTO\tSECTION\t13\tOR\t15(d)\tOF\tTHE\tSECURITIES\tEXCHANGE\tACT\tOF\t1934\nFor\tthe\ttransition\tperiod\tfrom\t_________\tto\t_________\nCommission\tFile\tNumber:\t\n001-34756\nTesla,\tInc.\n(Exact\tname\tof\tregistrant\tas\tspecified\tin\tits\tcharter)\nDelaware\n91-2197729\n(State\tor\tother\tjurisdiction\tof\nincorporation\tor\torganization)\n(I.R.S.\tEmployer\nIdentification\tNo.)\n1\tTesla\tRoad\nAustin\n,\t\nTexas\n78725\n(Address\tof\tprincipal\texecutive\toffices)\n(Zip\tCode)\n(\n512\n)\t\n516-8177\n(Registrant\u2019s\ttelephone\tnumber,\tincluding\tarea\tcode)\nSecurities\tregistered\tpursuant\tto\tSection\t12(b)\tof\tthe\tAct:\nTitle\tof\teach\tclass\nTrading\tSymbol(s)\nName\tof\teach\texchange\ton\twhich\tregistered\nCommon\tstock\nTSLA\nThe\tNasdaq\tGlobal\tSelect\tMarket\nSecurities\tregistered\tpursuant\tto\tSection\t12(g)\tof\tthe\tAct:\nNone\nIndicate\tby\tcheck\tmark\twhether\tthe\tregistrant\tis\ta\twell-known\tseasoned\tissuer,\tas\tdefined\tin\tRule\t405\tof\tthe\tSecurities\tAct.\t\nYes\n\t\nx\n\tNo\t\no\nIndicate\tby\tcheck\tmark\tif\tthe\tregistrant\tis\tnot\trequired\tto\tfile\treports\tpursuant\tto\tSection\t13\tor\t15(d)\tof\tthe\tAct.\tYes\t\no\n\t\nNo\n\t\nx"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d42750-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 0, "chroma:document": "o\n\t\nNo\n\t\nx\nIndicate\tby\tcheck\tmark\twhether\tthe\tregistrant\t(1)\thas\tfiled\tall\treports\trequired\tto\tbe\tfiled\tby\tSection\t13\tor\t15(d)\tof\tthe\tSecurities\tExchange\tAct\tof\t1934\t(\u201cExchange\tAct\u201d)\nduring\tthe\tpreceding\t12\tmonths\t(or\tfor\tsuch\tshorter\tperiod\tthat\tthe\tregistrant\twas\trequired\tto\tfile\tsuch\treports),\tand\t(2)\thas\tbeen\tsubject\tto\tsuch\tfiling\trequirements\tfor\tthe\tpast\t90\ndays.\t\nYes\n\t\nx\n\tNo\t\no\nIndicate\tby\tcheck\tmark\twhether\tthe\tregistrant\thas\tsubmitted\telectronically\tevery\tInteractive\tData\tFile\trequired\tto\tbe\tsubmitted\tpursuant\tto\tRule\t405\tof\tRegulation\tS-T\n(\u00a7232.405\tof\tthis\tchapter)\tduring\tthe\tpreceding\t12\tmonths\t(or\tfor\tsuch\tshorter\tperiod\tthat\tthe\tregistrant\twas\trequired\tto\tsubmit\tsuch\tfiles).\t\nYes\n\t\nx\n\tNo\t\no\nIndicate\tby\tcheck\tmark\twhether\tthe\tregistrant\tis\ta\tlarge\taccelerated\tfiler,\tan\taccelerated\tfiler,\ta\tnon-accelerated\tfiler,\ta\tsmaller\treporting\tcompany,\tor\tan\temerging\tgrowth\ncompany.\tSee\tthe\tdefinitions\tof\t\u201clarge\taccelerated\tfiler,\u201d\t\u201caccelerated\tfiler,\u201d\t\u201csmaller\treporting\tcompany\u201d\tand\t\u201cemerging\tgrowth\tcompany\u201d\tin\tRule\t12b-2\tof\tthe\tExchange\tAct:\nLarge\taccelerated\tfiler\nx\n\t\nAccelerated\tfiler\no\nNon-accelerated\tfiler\no\n\t\nSmaller\treporting\tcompany\no\nEmerging\tgrowth\tcompany\no"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d42854-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 1, "chroma:document": "If\tan\temerging\tgrowth\tcompany,\tindicate\tby\tcheck\tmark\tif\tthe\tregistrant\thas\telected\tnot\tto\tuse\tthe\textended\ttransition\tperiod\tfor\tcomplying\twith\tany\tnew\tor\trevised\tfinancial\naccounting\tstandards\tprovided\tpursuant\tto\tSection\t13(a)\tof\tthe\tExchange\tAct.\t\no\nIndicate\tby\tcheck\tmark\twhether\tthe\tRegistrant\thas\tfiled\ta\treport\ton\tand\tattestation\tto\tits\tmanagement\u2019s\tassessment\tof\tthe\teffectiveness\tof\tits\tinternal\tcontrol\tover\tfinancial\nreporting\tunder\tSection\t404(b)\tof\tthe\tSarbanes-Oxley\tAct\t(15\tU.S.C.\t7262(b))\tby\tthe\tregistered\tpublic\taccounting\tfirm\tthat\tprepared\tor\tissued\tits\taudit\treport.\t\nx\nIf\tsecurities\tare\tregistered\tpursuant\tto\tSection\t12(b)\tof\tthe\tAct,\tindicate\tby\tcheck\tmark\twhether\tthe\tfinancial\tstatements\tof\tthe\tregistrant\tincluded\tin\tthe\tfiling\treflect\tthe\ncorrection\tof\tan\terror\tto\tpreviously\tissued\tfinancial\tstatements.\t\no\nIndicate\tby\tcheck\tmark\twhether\tany\tof\tthose\terror\tcorrections\tare\trestatements\tthat\trequired\ta\trecovery\tanalysis\tof\tincentive-based\tcompensation\treceived\tby\tany\tof\tthe\nregistrant\u2019s\texecutive\tofficers\tduring\tthe\trelevant\trecovery\tperiod\tpursuant\tto\t\u00a7240.10D-1(b).\t\no\nIndicate\tby\tcheck\tmark\twhether\tthe\tregistrant\tis\ta\tshell\tcompany\t(as\tdefined\tin\tRule\t12b-2\tof\tthe\tExchange\tAct).\tYes\t\no\n\tNo\t\nx\nThe\taggregate\tmarket\tvalue\tof\tvoting\tstock\theld\tby\tnon-affiliates\tof\tthe\tregistrant,\tas\tof\tJune\t30,\t2023,\tthe\tlast\tday\tof\tthe\tregistrant\u2019s\tmost\trecently\tcompleted\tsecond\tfiscal\nquarter,\twas\t$\n722.52\n\tbillion\t(based\ton\tthe\tclosing\tprice\tfor\tshares\tof\tthe\tregistrant\u2019s\tCommon\tStock\tas\treported\tby\tthe\tNASDAQ\tGlobal\tSelect\tMarket\ton\tJune\t30,\t2023).\tShares\tof"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d428c2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 1, "chroma:document": "Common\tStock\theld\tby\teach\texecutive\tofficer\tand\tdirector\thave\tbeen\texcluded\tin\tthat\tsuch\tpersons\tmay\tbe\tdeemed\tto\tbe\taffiliates.\tThis\tdetermination\tof\taffiliate\tstatus\tis\tnot\nnecessarily\ta\tconclusive\tdetermination\tfor\tother\tpurposes.\nAs\tof\tJanuary\t22,\t2024,\tthere\twere\t\n3,184,790,415\n\tshares\tof\tthe\tregistrant\u2019s\tcommon\tstock\toutstanding.\nDOCUMENTS\tINCORPORATED\tBY\tREFERENCE\nPortions\tof\tthe\tregistrant\u2019s\tProxy\tStatement\tfor\tthe\t2024\tAnnual\tMeeting\tof\tStockholders\tare\tincorporated\therein\tby\treference\tin\tPart\tIII\tof\tthis\tAnnual\tReport\ton\tForm\t10-K\tto\nthe\textent\tstated\therein.\tSuch\tproxy\tstatement\twill\tbe\tfiled\twith\tthe\tSecurities\tand\tExchange\tCommission\twithin\t120\tdays\tof\tthe\tregistrant\u2019s\tfiscal\tyear\tended\tDecember\t31,\t2023."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d42930-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 2, "chroma:document": "TESLA,\tINC.\nANNUAL\tREPORT\tON\tFORM\t10-K\tFOR\tTHE\tYEAR\tENDED\tDECEMBER\t31,\t2023\nINDEX\n\t\n\t\nPage\nPART\tI.\n\t\n\t\nItem\t1.\nBusiness\n4\nItem\t1A.\nRisk\tFactors\n14\nItem\t1B.\nUnresolved\tStaff\tComments\n28\nItem\t1C.\nCybersecurity\n29\nItem\t2.\nProperties\n30\nItem\t3.\nLegal\tProceedings\n30\nItem\t4.\nMine\tSafety\tDisclosures\n30\n\t\nPART\tII.\n\t\nItem\t5.\nMarket\tfor\tRegistrant's\tCommon\tEquity,\tRelated\tStockholder\tMatters\tand\tIssuer\tPurchases\tof\tEquity\tSecurities\n31\nItem\t6.\n[Reserved]\n32\nItem\t7.\nManagement's\tDiscussion\tand\tAnalysis\tof\tFinancial\tCondition\tand\tResults\tof\tOperations\n33\nItem\t7A.\nQuantitative\tand\tQualitative\tDisclosures\tabout\tMarket\tRisk\n45\nItem\t8.\nFinancial\tStatements\tand\tSupplementary\tData\n46\nItem\t9.\nChanges\tin\tand\tDisagreements\twith\tAccountants\ton\tAccounting\tand\tFinancial\tDisclosure\n93\nItem\t9A.\nControls\tand\tProcedures\n93\nItem\t9B.\nOther\tInformation\n94\nItem\t9C.\nDisclosure\tRegarding\tForeign\tJurisdictions\tthat\tPrevent\tInspections\n94\n\t\nPART\tIII.\n\t\nItem\t10.\nDirectors,\tExecutive\tOfficers\tand\tCorporate\tGovernance\n95\nItem\t11.\nExecutive\tCompensation\n95\nItem\t12.\nSecurity\tOwnership\tof\tCertain\tBeneficial\tOwners\tand\tManagement\tand\tRelated\tStockholder\tMatters\n95\nItem\t13.\nCertain\tRelationships\tand\tRelated\tTransactions,\tand\tDirector\tIndependence\n95\nItem\t14.\nPrincipal\tAccountant\tFees\tand\tServices\n95\n\t\nPART\tIV.\n\t\nItem\t15.\nExhibits\tand\tFinancial\tStatement\tSchedules\n96\nItem\t16.\nSummary\n111\n\t\nSignatures"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d42994-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 3, "chroma:document": "Table\tof\tContents\nForward-Looking\tStatements\nThe\tdiscussions\tin\tthis\tAnnual\tReport\ton\tForm\t10-K\tcontain\tforward-looking\tstatements\treflecting\tour\tcurrent\texpectations\tthat\tinvolve\trisks\tand\nuncertainties.\tThese\tforward-looking\tstatements\tinclude,\tbut\tare\tnot\tlimited\tto,\tstatements\tconcerning\tsupply\tchain\tconstraints,\tour\tstrategy,\ncompetition,\tfuture\toperations\tand\tproduction\tcapacity,\tfuture\tfinancial\tposition,\tfuture\trevenues,\tprojected\tcosts,\tprofitability,\texpected\tcost\treductions,\ncapital\tadequacy,\texpectations\tregarding\tdemand\tand\tacceptance\tfor\tour\ttechnologies,\tgrowth\topportunities\tand\ttrends\tin\tthe\tmarkets\tin\twhich\twe\noperate,\tprospects\tand\tplans\tand\tobjectives\tof\tmanagement.\tThe\twords\t\u201canticipates,\u201d\t\u201cbelieves,\u201d\t\u201ccould,\u201d\t\u201cestimates,\u201d\t\u201cexpects,\u201d\t\u201cintends,\u201d\t\u201cmay,\u201d\n\u201cplans,\u201d\t\u201cprojects,\u201d\t\u201cwill,\u201d\t\u201cwould\u201d\tand\tsimilar\texpressions\tare\tintended\tto\tidentify\tforward-looking\tstatements,\talthough\tnot\tall\tforward-looking\nstatements\tcontain\tthese\tidentifying\twords.\tWe\tmay\tnot\tactually\tachieve\tthe\tplans,\tintentions\tor\texpectations\tdisclosed\tin\tour\tforward-looking\nstatements\tand\tyou\tshould\tnot\tplace\tundue\treliance\ton\tour\tforward-looking\tstatements.\tActual\tresults\tor\tevents\tcould\tdiffer\tmaterially\tfrom\tthe\tplans,\nintentions\tand\texpectations\tdisclosed\tin\tthe\tforward-looking\tstatements\tthat\twe\tmake.\tThese\tforward-looking\tstatements\tinvolve\trisks\tand\tuncertainties\nthat\tcould\tcause\tour\tactual\tresults\tto\tdiffer\tmaterially\tfrom\tthose\tin\tthe\tforward-looking\tstatements,\tincluding,\twithout\tlimitation,\tthe\trisks\tset\tforth\tin\tPart\nI,\tItem\t1A,\t\u201cRisk\tFactors\u201d\tof\tthe\tAnnual\tReport\ton\tForm\t10-K\tfor\tthe\tfiscal\tyear\tended\tDecember\t31,\t2023\tand\tthat\tare\totherwise\tdescribed\tor\tupdated"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d429f8-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 3, "chroma:document": "from\ttime\tto\ttime\tin\tour\tother\tfilings\twith\tthe\tSecurities\tand\tExchange\tCommission\t(the\t\u201cSEC\u201d).\tThe\tdiscussion\tof\tsuch\trisks\tis\tnot\tan\tindication\tthat\tany\nsuch\trisks\thave\toccurred\tat\tthe\ttime\tof\tthis\tfiling.\tWe\tdo\tnot\tassume\tany\tobligation\tto\tupdate\tany\tforward-looking\tstatements."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d42a5c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 4, "chroma:document": "Table\tof\tContents\nPART\tI\nITEM\t1.\tBUSINESS\nOverview\nWe\tdesign,\tdevelop,\tmanufacture,\tsell\tand\tlease\thigh-performance\tfully\telectric\tvehicles\tand\tenergy\tgeneration\tand\tstorage\tsystems,\tand\toffer\nservices\trelated\tto\tour\tproducts.\tWe\tgenerally\tsell\tour\tproducts\tdirectly\tto\tcustomers,\tand\tcontinue\tto\tgrow\tour\tcustomer-facing\tinfrastructure\tthrough\ta\nglobal\tnetwork\tof\tvehicle\tshowrooms\tand\tservice\tcenters,\tMobile\tService,\tbody\tshops,\tSupercharger\tstations\tand\tDestination\tChargers\tto\taccelerate\tthe\nwidespread\tadoption\tof\tour\tproducts.\tWe\temphasize\tperformance,\tattractive\tstyling\tand\tthe\tsafety\tof\tour\tusers\tand\tworkforce\tin\tthe\tdesign\tand\nmanufacture\tof\tour\tproducts\tand\tare\tcontinuing\tto\tdevelop\tfull\tself-driving\ttechnology\tfor\timproved\tsafety.\tWe\talso\tstrive\tto\tlower\tthe\tcost\tof\townership\nfor\tour\tcustomers\tthrough\tcontinuous\tefforts\tto\treduce\tmanufacturing\tcosts\tand\tby\toffering\tfinancial\tand\tother\tservices\ttailored\tto\tour\tproducts.\nOur\tmission\tis\tto\taccelerate\tthe\tworld\u2019s\ttransition\tto\tsustainable\tenergy.\tWe\tbelieve\tthat\tthis\tmission,\talong\twith\tour\tengineering\texpertise,\nvertically\tintegrated\tbusiness\tmodel\tand\tfocus\ton\tuser\texperience\tdifferentiate\tus\tfrom\tother\tcompanies.\nSegment\tInformation\nWe\toperate\tas\ttwo\treportable\tsegments:\t(i)\tautomotive\tand\t(ii)\tenergy\tgeneration\tand\tstorage.\nThe\tautomotive\tsegment\tincludes\tthe\tdesign,\tdevelopment,\tmanufacturing,\tsales\tand\tleasing\tof\thigh-performance\tfully\telectric\tvehicles\tas\twell\tas\nsales\tof\tautomotive\tregulatory\tcredits.\tAdditionally,\tthe\tautomotive\tsegment\talso\tincludes\tservices\tand\tother,\twhich\tincludes\tsales\tof\tused\tvehicles,\tnon-\nwarranty\tafter-sales\tvehicle\tservices,\tbody\tshop\tand\tparts,\tpaid\tSupercharging,\tvehicle\tinsurance\trevenue\tand\tretail\tmerchandise.\tThe\tenergy\tgeneration"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d42aca-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 4, "chroma:document": "and\tstorage\tsegment\tincludes\tthe\tdesign,\tmanufacture,\tinstallation,\tsales\tand\tleasing\tof\tsolar\tenergy\tgeneration\tand\tenergy\tstorage\tproducts\tand\trelated\nservices\tand\tsales\tof\tsolar\tenergy\tsystems\tincentives.\nOur\tProducts\tand\tServices\nAutomotive\nWe\tcurrently\tmanufacture\tfive\tdifferent\tconsumer\tvehicles\t\u2013\tthe\tModel\t3,\tY,\tS,\tX\tand\tCybertruck.\tModel\t3\tis\ta\tfour-door\tmid-size\tsedan\tthat\twe\ndesigned\tfor\tmanufacturability\twith\ta\tbase\tprice\tfor\tmass-market\tappeal.\tModel\tY\tis\ta\tcompact\tsport\tutility\tvehicle\t(\u201cSUV\u201d)\tbuilt\ton\tthe\tModel\t3\tplatform\nwith\tseating\tfor\tup\tto\tseven\tadults.\tModel\tS\tis\ta\tfour-door\tfull-size\tsedan\tand\tModel\tX\tis\ta\tmid-size\tSUV\twith\tseating\tfor\tup\tto\tseven\tadults.\tModel\tS\tand\nModel\tX\tfeature\tthe\thighest\tperformance\tcharacteristics\tand\tlongest\tranges\tthat\twe\toffer\tin\ta\tsedan\tand\tSUV,\trespectively.\tIn\tNovember\t2023,\twe\nentered\tthe\tconsumer\tpickup\ttruck\tmarket\twith\tfirst\tdeliveries\tof\tthe\tCybertruck,\ta\tfull-size\telectric\tpickup\ttruck\twith\ta\tstainless\tsteel\texterior\tthat\thas\nthe\tutility\tand\tstrength\tof\ta\ttruck\twhile\tfeaturing\tthe\tspeed\tof\ta\tsports\tcar.\nIn\t2022,\twe\talso\tbegan\tearly\tproduction\tand\tdeliveries\tof\ta\tcommercial\telectric\tvehicle,\tthe\tTesla\tSemi.\tWe\thave\tplanned\telectric\tvehicles\tto\naddress\tadditional\tvehicle\tmarkets,\tand\tto\tcontinue\tleveraging\tdevelopments\tin\tour\tproprietary\tFull\tSelf-Driving\t(\u201cFSD\u201d)\tCapability\tfeatures,\tbattery\tcell\nand\tother\ttechnologies.\nEnergy\tGeneration\tand\tStorage\nEnergy\tStorage\tProducts\nPowerwall\tand\tMegapack\tare\tour\tlithium-ion\tbattery\tenergy\tstorage\tproducts.\tPowerwall,\twhich\twe\tsell\tdirectly\tto\tcustomers,\tas\twell\tas\tthrough"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d42b56-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 4, "chroma:document": "channel\tpartners,\tis\tdesigned\tto\tstore\tenergy\tat\ta\thome\tor\tsmall\tcommercial\tfacility.\tMegapack\tis\tan\tenergy\tstorage\tsolution\tfor\tcommercial,\tindustrial,\nutility\tand\tenergy\tgeneration\tcustomers,\tmultiple\tof\twhich\tmay\tbe\tgrouped\ttogether\tto\tform\tlarger\tinstallations\tof\tgigawatt\thours\t(\u201cGWh\u201d)\tor\tgreater\ncapacity.\nWe\talso\tcontinue\tto\tdevelop\tsoftware\tcapabilities\tfor\tremotely\tcontrolling\tand\tdispatching\tour\tenergy\tstorage\tsystems\tacross\ta\twide\trange\tof\nmarkets\tand\tapplications,\tincluding\tthrough\tour\treal-time\tenergy\tcontrol\tand\toptimization\tplatforms.\n4"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d42bba-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 5, "chroma:document": "Table\tof\tContents\nSolar\tEnergy\tOfferings\nWe\tsell\tretrofit\tsolar\tenergy\tsystems\tto\tcustomers\tand\tchannel\tpartners\tand\talso\tmake\tthem\tavailable\tthrough\tpower\tpurchase\tagreement\t(\u201cPPA\u201d)\narrangements.\tWe\tpurchase\tmost\tof\tthe\tcomponents\tfor\tour\tretrofit\tsolar\tenergy\tsystems\tfrom\tmultiple\tsources\tto\tensure\tcompetitive\tpricing\tand\nadequate\tsupply.\tWe\talso\tdesign\tand\tmanufacture\tcertain\tcomponents\tfor\tour\tsolar\tenergy\tproducts.\nWe\tsell\tour\tSolar\tRoof,\twhich\tcombines\tpremium\tglass\troof\ttiles\twith\tenergy\tgeneration,\tdirectly\tto\tcustomers,\tas\twell\tas\tthrough\tchannel\ncustomers.\tWe\tcontinue\tto\timprove\tour\tinstallation\tcapability\tand\tefficiency,\tincluding\tthrough\tcollaboration\twith\treal\testate\tdevelopers\tand\tbuilders\ton\nnew\thomes.\nTechnology\nAutomotive\nBattery\tand\tPowertrain\nOur\tcore\tvehicle\ttechnology\tcompetencies\tinclude\tpowertrain\tengineering\tand\tmanufacturing\tand\tour\tability\tto\tdesign\tvehicles\tthat\tutilize\tthe\nunique\tadvantages\tof\tan\telectric\tpowertrain.\tWe\thave\tdesigned\tour\tproprietary\tpowertrain\tsystems\tto\tbe\tadaptable,\tefficient,\treliable\tand\tcost-effective\nwhile\twithstanding\tthe\trigors\tof\tan\tautomotive\tenvironment.\tWe\toffer\tdual\tmotor\tpowertrain\tvehicles,\twhich\tuse\ttwo\telectric\tmotors\tto\tmaximize\ttraction\nand\tperformance\tin\tan\tall-wheel\tdrive\tconfiguration,\tas\twell\tas\tvehicle\tpowertrain\ttechnology\tfeaturing\tthree\telectric\tmotors\tfor\tfurther\tincreased\nperformance\tin\tcertain\tversions\tof\tModel\tS\tand\tModel\tX,\tCybertruck\tand\tthe\tTesla\tSemi.\nWe\tmaintain\textensive\ttesting\tand\tR&D\tcapabilities\tfor\tbattery\tcells,\tpacks\tand\tsystems,\tand\thave\tbuilt\tan\texpansive\tbody\tof\tknowledge\ton\tlithium-\nion\tcell\tchemistry\ttypes\tand\tperformance\tcharacteristics.\tIn\torder\tto\tenable\ta\tgreater\tsupply\tof\tcells\tfor\tour\tproducts\twith\thigher\tenergy\tdensity\tat\tlower"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d42c1e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 5, "chroma:document": "costs,\twe\thave\tdeveloped\ta\tnew\tproprietary\tlithium-ion\tbattery\tcell\tand\timproved\tmanufacturing\tprocesses.\nVehicle\tControl\tand\tInfotainment\tSoftware\nThe\tperformance\tand\tsafety\tsystems\tof\tour\tvehicles\tand\ttheir\tbattery\tpacks\tutilize\tsophisticated\tcontrol\tsoftware.\tControl\tsystems\tin\tour\tvehicles\noptimize\tperformance,\tcustomize\tvehicle\tbehavior,\tmanage\tcharging\tand\tcontrol\tall\tinfotainment\tfunctions.\tWe\tdevelop\talmost\tall\tof\tthis\tsoftware,\nincluding\tmost\tof\tthe\tuser\tinterfaces,\tinternally\tand\tupdate\tour\tvehicles\u2019\tsoftware\tregularly\tthrough\tover-the-air\tupdates.\nSelf-Driving\tDevelopment\tand\tArtificial\tIntelligence\nWe\thave\texpertise\tin\tdeveloping\ttechnologies,\tsystems\tand\tsoftware\tto\tenable\tself-driving\tvehicles\tusing\tprimarily\tvision-based\ttechnologies.\tOur\nFSD\tComputer\truns\tour\tneural\tnetworks\tin\tour\tvehicles,\tand\twe\tare\talso\tdeveloping\tadditional\tcomputer\thardware\tto\tbetter\tenable\tthe\tmassive\tamounts\nof\tfield\tdata\tcaptured\tby\tour\tvehicles\tto\tcontinually\ttrain\tand\timprove\tthese\tneural\tnetworks\tfor\treal-world\tperformance.\nCurrently,\twe\toffer\tin\tour\tvehicles\tcertain\tadvanced\tdriver\tassist\tsystems\tunder\tour\tAutopilot\tand\tFSD\tCapability\toptions.\tAlthough\tat\tpresent\tthe\ndriver\tis\tultimately\tresponsible\tfor\tcontrolling\tthe\tvehicle,\tour\tsystems\tprovide\tsafety\tand\tconvenience\tfunctionality\tthat\trelieves\tdrivers\tof\tthe\tmost\ntedious\tand\tpotentially\tdangerous\taspects\tof\troad\ttravel\tmuch\tlike\tthe\tsystem\tthat\tairplane\tpilots\tuse,\twhen\tconditions\tpermit.\tAs\twith\tother\tvehicle\nsystems,\twe\timprove\tthese\tfunctions\tin\tour\tvehicles\tover\ttime\tthrough\tover-the-air\tupdates.\nWe\tintend\tto\testablish\tin\tthe\tfuture\tan\tautonomous\tTesla\tride-hailing\tnetwork,\twhich\twe\texpect\twould\talso\tallow\tus\tto\taccess\ta\tnew\tcustomer\tbase\neven\tas\tmodes\tof\ttransportation\tevolve."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d42c78-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 5, "chroma:document": "even\tas\tmodes\tof\ttransportation\tevolve.\nWe\tare\talso\tapplying\tour\tartificial\tintelligence\tlearnings\tfrom\tself-driving\ttechnology\tto\tthe\tfield\tof\trobotics,\tsuch\tas\tthrough\tOptimus,\ta\trobotic\nhumanoid\tin\tdevelopment,\twhich\tis\tcontrolled\tby\tthe\tsame\tAI\tsystem.\n5"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d42cdc-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 6, "chroma:document": "Table\tof\tContents\nEnergy\tGeneration\tand\tStorage\nEnergy\tStorage\tProducts\nWe\tleverage\tmany\tof\tthe\tcomponent-level\ttechnologies\tfrom\tour\tvehicles\tin\tour\tenergy\tstorage\tproducts.\tBy\ttaking\ta\tmodular\tapproach\tto\tthe\ndesign\tof\tbattery\tsystems,\twe\tcan\toptimize\tmanufacturing\tcapacity\tof\tour\tenergy\tstorage\tproducts.\tAdditionally,\tour\texpertise\tin\tpower\telectronics\nenables\tour\tbattery\tsystems\tto\tinterconnect\twith\telectricity\tgrids\twhile\tproviding\tfast-acting\tsystems\tfor\tpower\tinjection\tand\tabsorption.\tWe\thave\talso\ndeveloped\tsoftware\tto\tremotely\tcontrol\tand\tdispatch\tour\tenergy\tstorage\tsystems.\nSolar\tEnergy\tSystems\nWe\thave\tengineered\tSolar\tRoof\tover\tnumerous\titerations\tto\tcombine\taesthetic\tappeal\tand\tdurability\twith\tpower\tgeneration.\tThe\tefficiency\tof\tour\nsolar\tenergy\tproducts\tis\taided\tby\tour\town\tsolar\tinverter,\twhich\tincorporates\tour\tpower\telectronics\ttechnologies.\tWe\tdesigned\tboth\tproducts\tto\tintegrate\nwith\tPowerwall.\nDesign\tand\tEngineering\nAutomotive\nWe\thave\testablished\tsignificant\tin-house\tcapabilities\tin\tthe\tdesign\tand\ttest\tengineering\tof\telectric\tvehicles\tand\ttheir\tcomponents\tand\tsystems.\tOur\nteam\thas\tsignificant\texperience\tin\tcomputer-aided\tdesign\tas\twell\tas\tdurability,\tstrength\tand\tcrash\ttest\tsimulations,\twhich\treduces\tthe\tproduct\ndevelopment\ttime\tof\tnew\tmodels.\tWe\thave\talso\tachieved\tcomplex\tengineering\tfeats\tin\tstamping,\tcasting\tand\tthermal\tsystems,\tand\tdeveloped\ta\tmethod\nto\tintegrate\tbatteries\tdirectly\twith\tvehicle\tbody\tstructures\twithout\tseparate\tbattery\tpacks\tto\toptimize\tmanufacturability,\tweight,\trange\tand\tcost\ncharacteristics.\nWe\tare\talso\texpanding\tour\tmanufacturing\toperations\tglobally\twhile\ttaking\taction\tto\tlocalize\tour\tvehicle\tdesigns\tand\tproduction\tfor\tparticular"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d42d40-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 6, "chroma:document": "markets,\tincluding\tcountry-specific\tmarket\tdemands\tand\tfactory\toptimizations\tfor\tlocal\tworkforces.\tAs\twe\tincrease\tour\tcapabilities,\tparticularly\tin\tthe\nareas\tof\tautomation,\tdie-making\tand\tline-building,\twe\tare\talso\tmaking\tstrides\tin\tthe\tsimulations\tmodeling\tthese\tcapabilities\tprior\tto\tconstruction.\nEnergy\tGeneration\tand\tStorage\nOur\texpertise\tin\telectrical,\tmechanical,\tcivil\tand\tsoftware\tengineering\tallows\tus\tto\tdesign,\tengineer,\tmanufacture\tand\tinstall\tenergy\tgenerating\tand\nstorage\tproducts\tand\tcomponents,\tincluding\tat\tthe\tresidential\tthrough\tutility\tscale.\tFor\texample,\tthe\tmodular\tdesign\tof\tour\tMegapack\tutility-scale\tbattery\nline\tis\tintended\tto\tsignificantly\treduce\tthe\tamount\tof\tassembly\trequired\tin\tthe\tfield.\tWe\talso\tcustomize\tsolutions\tincluding\tour\tenergy\tstorage\tproducts,\nsolar\tenergy\tsystems\tand/or\tSolar\tRoof\tfor\tcustomers\tto\tmeet\ttheir\tspecific\tneeds.\nSales\tand\tMarketing\nHistorically,\twe\thave\tbeen\table\tto\tachieve\tsales\twithout\ttraditional\tadvertising\tand\tat\trelatively\tlow\tmarketing\tcosts.\tWe\tcontinue\tto\tmonitor\tour\npublic\tnarrative\tand\tbrand,\tand\ttailor\tour\tmarketing\tefforts\taccordingly,\tincluding\tthrough\tinvestments\tin\tcustomer\teducation\tand\tadvertising\tas\nnecessary.\nAutomotive\nDirect\tSales\nOur\tvehicle\tsales\tchannels\tcurrently\tinclude\tour\twebsite\tand\tan\tinternational\tnetwork\tof\tcompany-owned\tstores.\tIn\tsome\tjurisdictions,\twe\talso\thave\ngalleries\tto\teducate\tand\tinform\tcustomers\tabout\tour\tproducts,\tbut\tsuch\tlocations\tdo\tnot\ttransact\tin\tthe\tsale\tof\tvehicles.\tWe\tbelieve\tthis\tinfrastructure\nenables\tus\tto\tbetter\tcontrol\tcosts\tof\tinventory,\tmanage\twarranty\tservice\tand\tpricing,\teducate\tconsumers\tabout\telectric\tvehicles,\tmake\tour\tvehicles\tmore\naffordable,\tmaintain\tand\tstrengthen\tthe\tTesla\tbrand\tand\tobtain\trapid\tcustomer\tfeedback."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d42da4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 6, "chroma:document": "We\treevaluate\tour\tsales\tstrategy\tboth\tglobally\tand\tat\ta\tlocation-by-location\tlevel\tfrom\ttime\tto\ttime\tto\toptimize\tour\tsales\tchannels.\tHowever,\tsales\nof\tvehicles\tin\tthe\tautomobile\tindustry\ttend\tto\tbe\tcyclical\tin\tmany\tmarkets,\twhich\tmay\texpose\tus\tto\tvolatility\tfrom\ttime\tto\ttime.\n6"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d42e08-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 7, "chroma:document": "Table\tof\tContents\nUsed\tVehicle\tSales\nOur\tused\tvehicle\tbusiness\tsupports\tnew\tvehicle\tsales\tby\tintegrating\tthe\ttrade-in\tof\ta\tcustomer\u2019s\texisting\tTesla\tor\tnon-Tesla\tvehicle\twith\tthe\tsale\tof\na\tnew\tor\tused\tTesla\tvehicle.\tThe\tTesla\tand\tnon-Tesla\tvehicles\twe\tacquire\tas\ttrade-ins\tare\tsubsequently\tremarketed,\teither\tdirectly\tby\tus\tor\tthrough\tthird\nparties.\tWe\talso\tremarket\tused\tTesla\tvehicles\tacquired\tfrom\tother\tsources\tincluding\tlease\treturns.\nPublic\tCharging\nWe\thave\ta\tgrowing\tglobal\tnetwork\tof\tTesla\tSuperchargers,\twhich\tare\tour\tindustrial-grade,\thigh-speed\tvehicle\tchargers.\tWhere\tpossible,\twe\tco-\nlocate\tSuperchargers\twith\tour\tsolar\tand\tenergy\tstorage\tsystems\tto\treduce\tcosts\tand\tpromote\trenewable\tpower.\tSupercharger\tstations\tare\ttypically\nplaced\talong\twell-traveled\troutes\tand\tin\tand\taround\tdense\tcity\tcenters\tto\tallow\tvehicle\towners\tthe\tability\tto\tenjoy\tquick,\treliable\tcharging\talong\tan\nextensive\tnetwork\twith\tconvenient\tstops.\tUse\tof\tthe\tSupercharger\tnetwork\teither\trequires\tpayment\tof\ta\tfee\tor\tis\tfree\tunder\tcertain\tsales\tprograms.\tIn\nNovember\t2021,\twe\tbegan\tto\toffer\tSupercharger\taccess\tto\tnon-Tesla\tvehicles\tin\tcertain\tlocations\tin\tsupport\tof\tour\tmission\tto\taccelerate\tthe\tworld\u2019s\ntransition\tto\tsustainable\tenergy,\tand\tin\tNovember\t2022,\twe\topened\tup\tour\tpreviously\tproprietary\tcharging\tconnector\tas\tthe\tNorth\tAmerican\tCharging\nStandard\t(NACS).\tThis\tenables\tall\telectric\tvehicles\tand\tcharging\tstations\tto\tinteroperate\t\n\u2014\n\twhich\tmakes\tcharging\teasier\tand\tmore\tefficient\tfor\teveryone\nand\tadvances\tour\tmission\tto\taccelerate\tthe\tworld\u2019s\ttransition\tto\tsustainable\tenergy.\n\t\nFollowing\tthis,\ta\tnumber\tof\tmajor\tautomotive\tcompanies\tannounced"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d42e80-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 7, "chroma:document": "their\tadoption\tof\tNACS,\twith\ttheir\taccess\tto\tthe\tSupercharger\tnetwork\tbeginning\tin\tphases\tin\t2024\tand\ttheir\tproduction\tof\tNACS\tvehicles\tbeginning\tno\nlater\tthan\t2025.\tWe\talso\tengaged\tSAE\tInternational\tto\tgovern\tNACS\tas\tan\tindustry\tstandard,\tnow\tnamed\tJ3400.\tWe\tcontinue\tto\tmonitor\tand\tincrease\tour\nnetwork\tof\tTesla\tSuperchargers\tin\tanticipation\tof\tfuture\tdemand.\nWe\talso\twork\twith\ta\twide\tvariety\tof\thospitality,\tretail\tand\tpublic\tdestinations,\tas\twell\tas\tbusinesses\twith\tcommuting\temployees,\tto\toffer\tadditional\ncharging\toptions\tfor\tour\tcustomers,\tas\twell\tas\tsingle-family\thomeowners\tand\tmulti-family\tresidential\tentities,\tto\tdeploy\thome\tcharging\tsolutions.\nIn-App\tUpgrades\nAs\tour\tvehicles\tare\tcapable\tof\tbeing\tupdated\tremotely\tover-the-air,\tour\tcustomers\tmay\tpurchase\tadditional\tpaid\toptions\tand\tfeatures\tthrough\tthe\nTesla\tapp\tor\tthrough\tthe\tin-vehicle\tuser\tinterface.\tWe\texpect\tthat\tthis\tfunctionality\twill\talso\tallow\tus\tto\toffer\tcertain\toptions\tand\tfeatures\ton\ta\nsubscription\tbasis\tin\tthe\tfuture.\nEnergy\tGeneration\tand\tStorage\nWe\tmarket\tand\tsell\tour\tsolar\tand\tenergy\tstorage\tproducts\tto\tresidential,\tcommercial\tand\tindustrial\tcustomers\tand\tutilities\tthrough\ta\tvariety\tof\nchannels,\tincluding\tthrough\tour\twebsite,\tstores\tand\tgalleries,\tas\twell\tas\tthrough\tour\tnetwork\tof\tchannel\tpartners,\tand\tin\tthe\tcase\tof\tsome\tcommercial\ncustomers,\tthrough\tPPA\ttransactions.\tWe\temphasize\tsimplicity,\tstandardization\tand\taccessibility\tto\tmake\tit\teasy\tand\tcost-effective\tfor\tcustomers\tto\tadopt\nclean\tenergy,\twhile\treducing\tour\tcustomer\tacquisition\tcosts.\nService\tand\tWarranty\nAutomotive\nService\nWe\tprovide\tservice\tfor\tour\telectric\tvehicles\tat\tour\tcompany-owned\tservice\tlocations\tand\tthrough\tTesla\tMobile\tService\ttechnicians\twho\tperform\twork"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d42ee4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 7, "chroma:document": "remotely\tat\tcustomers\u2019\thomes\tor\tother\tlocations.\tServicing\tthe\tvehicles\tourselves\tallows\tus\tto\tidentify\tproblems\tand\timplement\tsolutions\tand\nimprovements\tfaster\tthan\ttraditional\tautomobile\tmanufacturers\tand\ttheir\tdealer\tnetworks.\tThe\tconnectivity\tof\tour\tvehicles\talso\tallows\tus\tto\tdiagnose\tand\nremedy\tmany\tproblems\tremotely\tand\tproactively.\nVehicle\tLimited\tWarranties\tand\tExtended\tService\tPlans\nWe\tprovide\ta\tmanufacturer\u2019s\tlimited\twarranty\ton\tall\tnew\tand\tused\tTesla\tvehicles\twe\tsell\tdirectly\tto\tconsumers,\twhich\tmay\tinclude\tlimited\nwarranties\ton\tcertain\tcomponents,\tspecific\ttypes\tof\tdamage\tor\tbattery\tcapacity\tretention.\tWe\talso\tcurrently\toffer\toptional\textended\tservice\tplans\tthat\nprovide\tcoverage\tbeyond\tthe\tnew\tvehicle\tlimited\twarranties\tfor\tcertain\tmodels\tin\tspecified\tregions.\n7"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d42f48-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 8, "chroma:document": "Table\tof\tContents\nEnergy\tGeneration\tand\tStorage\nWe\tprovide\tservice\tand\trepairs\tto\tour\tenergy\tproduct\tcustomers,\tincluding\tunder\twarranty\twhere\tapplicable.\tWe\tgenerally\tprovide\tmanufacturer\u2019s\nlimited\twarranties\twith\tour\tenergy\tstorage\tproducts\tand\toffer\tcertain\textended\tlimited\twarranties\tthat\tare\tavailable\tat\tthe\ttime\tof\tpurchase\tof\tthe\nsystem.\tIf\twe\tinstall\ta\tsystem,\twe\talso\tprovide\tcertain\tlimited\twarranties\ton\tour\tinstallation\tworkmanship.\nFor\tretrofit\tsolar\tenergy\tsystems,\twe\tprovide\tseparate\tlimited\twarranties\tfor\tworkmanship\tand\tagainst\troof\tleaks,\tand\tfor\tSolar\tRoof,\twe\talso\nprovide\tlimited\twarranties\tfor\tdefects\tand\tweatherization.\tFor\tcomponents\tnot\tmanufactured\tby\tus,\twe\tgenerally\tpass-through\tthe\tapplicable\nmanufacturers\u2019\twarranties.\nAs\tpart\tof\tour\tsolar\tenergy\tsystem\tand\tenergy\tstorage\tcontracts,\twe\tmay\tprovide\tthe\tcustomer\twith\tperformance\tguarantees\tthat\tcommit\tthat\tthe\nunderlying\tsystem\twill\tmeet\tor\texceed\tthe\tminimum\tenergy\tgeneration\tor\tperformance\trequirements\tspecified\tin\tthe\tcontract.\nFinancial\tServices\nAutomotive\nPurchase\tFinancing\tand\tLeases\nWe\toffer\tleasing\tand/or\tloan\tfinancing\tarrangements\tfor\tour\tvehicles\tin\tcertain\tjurisdictions\tin\tNorth\tAmerica,\tEurope\tand\tAsia\tourselves\tand\nthrough\tvarious\tfinancial\tinstitutions.\tUnder\tcertain\tof\tsuch\tprograms,\twe\thave\tprovided\tresale\tvalue\tguarantees\tor\tbuyback\tguarantees\tthat\tmay\nobligate\tus\tto\tcover\ta\tresale\tloss\tup\tto\ta\tcertain\tlimit\tor\trepurchase\tthe\tsubject\tvehicles\tat\tpre-determined\tvalues.\nInsurance\nIn\t2021,\twe\tlaunched\tour\tinsurance\tproduct\tusing\treal-time\tdriving\tbehavior\tin\tselect\tstates,\twhich\toffers\trates\tthat\tare\toften\tbetter\tthan\tother"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d42fac-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 8, "chroma:document": "alternatives\tand\tpromotes\tsafer\tdriving.\tOur\tinsurance\tproducts\tare\tcurrently\tavailable\tin\t12\tstates\tand\twe\tplan\tto\texpand\tthe\tmarkets\tin\twhich\twe\toffer\ninsurance\tproducts,\tas\tpart\tof\tour\tongoing\teffort\tto\tdecrease\tthe\ttotal\tcost\tof\townership\tfor\tour\tcustomers.\nEnergy\tGeneration\tand\tStorage\nWe\toffer\tcertain\tfinancing\toptions\tto\tour\tsolar\tcustomers,\twhich\tenable\tthe\tcustomer\tto\tpurchase\tand\town\ta\tsolar\tenergy\tsystem,\tSolar\tRoof\tor\nintegrated\tsolar\tand\tPowerwall\tsystem.\tOur\tsolar\tPPAs,\toffered\tprimarily\tto\tcommercial\tcustomers,\tcharge\ta\tfee\tper\tkilowatt-hour\tbased\ton\tthe\tamount\tof\nelectricity\tproduced\tby\tour\tsolar\tenergy\tsystems.\nManufacturing\nWe\tcurrently\thave\tmanufacturing\tfacilities\tin\tthe\tU.S.\tin\tNorthern\tCalifornia,\tin\tBuffalo,\tNew\tYork,\tGigafactory\tNew\tYork;\tin\tAustin,\tTexas,\nGigafactory\tTexas\tand\tnear\tReno,\tNevada,\tGigafactory\tNevada.\tAt\tthese\tfacilities,\twe\tmanufacture\tand\tassemble,\tamong\tother\tthings,\tvehicles,\tcertain\nvehicle\tparts\tand\tcomponents,\tsuch\tas\tour\tbattery\tpacks\tand\tbattery\tcells,\tenergy\tstorage\tcomponents\tand\tsolar\tproducts\tand\tcomponents.\nInternationally,\twe\talso\thave\tmanufacturing\tfacilities\tin\tChina\t(Gigafactory\tShanghai)\tand\tGermany\t(Gigafactory\tBerlin-Brandenburg),\twhich\tallows\nus\tto\tincrease\tthe\taffordability\tof\tour\tvehicles\tfor\tcustomers\tin\tlocal\tmarkets\tby\treducing\ttransportation\tand\tmanufacturing\tcosts\tand\teliminating\tthe\nimpact\tof\tunfavorable\ttariffs.\tIn\tMarch\t2023,\twe\tannounced\tthe\tlocation\tof\tour\tnext\tGigafactory\tin\tMonterrey,\tMexico.\tGenerally,\twe\tcontinue\tto\texpand"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43010-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 8, "chroma:document": "production\tcapacity\tat\tour\texisting\tfacilities.\tWe\talso\tintend\tto\tfurther\tincrease\tcost-competitiveness\tin\tour\tsignificant\tmarkets\tby\tstrategically\tadding\nlocal\tmanufacturing.\nSupply\tChain\nOur\tproducts\tuse\tthousands\tof\tparts\tthat\tare\tsourced\tfrom\thundreds\tof\tsuppliers\tacross\tthe\tworld.\tWe\thave\tdeveloped\tclose\trelationships\twith\nvendors\tof\tkey\tparts\tsuch\tas\tbattery\tcells,\telectronics\tand\tcomplex\tvehicle\tassemblies.\tCertain\tcomponents\tpurchased\tfrom\tthese\tsuppliers\tare\tshared\tor\nare\tsimilar\tacross\tmany\tproduct\tlines,\tallowing\tus\tto\ttake\tadvantage\tof\tpricing\tefficiencies\tfrom\teconomies\tof\tscale.\n8"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43074-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 9, "chroma:document": "Table\tof\tContents\nAs\tis\tthe\tcase\tfor\tsome\tautomotive\tcompanies,\tsome\tof\tour\tprocured\tcomponents\tand\tsystems\tare\tsourced\tfrom\tsingle\tsuppliers.\tWhere\tmultiple\nsources\tare\tavailable\tfor\tcertain\tkey\tcomponents,\twe\twork\tto\tqualify\tmultiple\tsuppliers\tfor\tthem\twhere\tit\tis\tsensible\tto\tdo\tso\tin\torder\tto\tminimize\npotential\tproduction\trisks\tdue\tto\tdisruptions\tin\ttheir\tsupply.\tWe\talso\tmitigate\trisk\tby\tmaintaining\tsafety\tstock\tfor\tkey\tparts\tand\tassemblies\tand\tdie\tbanks\nfor\tcomponents\twith\tlengthy\tprocurement\tlead\ttimes.\nOur\tproducts\tuse\tvarious\traw\tmaterials\tincluding\taluminum,\tsteel,\tcobalt,\tlithium,\tnickel\tand\tcopper.\tPricing\tfor\tthese\tmaterials\tis\tgoverned\tby\nmarket\tconditions\tand\tmay\tfluctuate\tdue\tto\tvarious\tfactors\toutside\tof\tour\tcontrol,\tsuch\tas\tsupply\tand\tdemand\tand\tmarket\tspeculation.\tWe\tstrive\tto\nexecute\tlong-term\tsupply\tcontracts\tfor\tsuch\tmaterials\tat\tcompetitive\tpricing\twhen\tfeasible,\tand\twe\tcurrently\tbelieve\tthat\twe\thave\tadequate\taccess\tto\nraw\tmaterials\tsupplies\tto\tmeet\tthe\tneeds\tof\tour\toperations.\nGovernmental\tPrograms,\tIncentives\tand\tRegulations\nGlobally,\tthe\townership\tof\tour\tproducts\tby\tour\tcustomers\tis\timpacted\tby\tvarious\tgovernment\tcredits,\tincentives,\tand\tpolicies.\tOur\tbusiness\tand\nproducts\tare\talso\tsubject\tto\tnumerous\tgovernmental\tregulations\tthat\tvary\tamong\tjurisdictions.\nThe\toperation\tof\tour\tbusiness\tis\talso\timpacted\tby\tvarious\tgovernment\tprograms,\tincentives,\tand\tother\tarrangements.\tSee\tNote\t2,\t\nSummary\tof\nSignificant\tAccounting\tPolicies\n,\tto\tthe\tconsolidated\tfinancial\tstatements\tincluded\telsewhere\tin\tthis\tAnnual\tReport\ton\tForm\t10-K\tfor\tfurther\tdetails.\nPrograms\tand\tIncentives\nInflation\tReduction\tAct"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d430ce-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 9, "chroma:document": "Programs\tand\tIncentives\nInflation\tReduction\tAct\nOn\tAugust\t16,\t2022,\tthe\tInflation\tReduction\tAct\tof\t2022\t(\u201cIRA\u201d)\twas\tenacted\tinto\tlaw\tand\tis\teffective\tfor\ttaxable\tyears\tbeginning\tafter\tDecember\n31,\t2022,\tand\tremains\tsubject\tto\tfuture\tguidance\treleases.\tThe\tIRA\tincludes\tmultiple\tincentives\tto\tpromote\tclean\tenergy,\telectric\tvehicles,\tbattery\tand\nenergy\tstorage\tmanufacture\tor\tpurchase,\tincluding\tthrough\tproviding\ttax\tcredits\tto\tconsumers.\tFor\texample,\tqualifying\tTesla\tcustomers\tmay\treceive\tup\nto\t$7,500\tin\tfederal\ttax\tcredits\tfor\tthe\tpurchase\tof\tqualified\telectric\tvehicles\tin\tthe\tU.S.\tthrough\t2032.\nAutomotive\tRegulatory\tCredits\nWe\tearn\ttradable\tcredits\tin\tthe\toperation\tof\tour\tbusiness\tunder\tvarious\tregulations\trelated\tto\tzero-emission\tvehicles\t(\u201cZEVs\u201d),\tgreenhouse\tgas,\tfuel\neconomy\tand\tclean\tfuel.\tWe\tsell\tthese\tcredits\tto\tother\tregulated\tentities\twho\tcan\tuse\tthe\tcredits\tto\tcomply\twith\temission\tstandards\tand\tother\tregulatory\nrequirements.\tSales\tof\tthese\tcredits\tare\trecognized\twithin\tautomotive\tregulatory\tcredits\trevenue\tin\tour\tconsolidated\tstatements\tof\toperations\tincluded\nelsewhere\tin\tthis\tAnnual\tReport\ton\tForm\t10-K.\nEnergy\tStorage\tSystem\tIncentives\tand\tPolicies\nWhile\tthe\tregulatory\tregime\tfor\tenergy\tstorage\tprojects\tis\tstill\tunder\tdevelopment,\tthere\tare\tvarious\tpolicies,\tincentives\tand\tfinancial\tmechanisms\nat\tthe\tfederal,\tstate\tand\tlocal\tlevels\tthat\tsupport\tthe\tadoption\tof\tenergy\tstorage.\nFor\texample,\tenergy\tstorage\tsystems\tthat\tare\tcharged\tusing\tsolar\tenergy\tmay\tbe\teligible\tfor\tthe\tsolar\tenergy-related\tU.S.\tfederal\ttax\tcredits"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43132-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 9, "chroma:document": "described\tbelow.\tThe\tFederal\tEnergy\tRegulatory\tCommission\t(\u201cFERC\u201d)\thas\talso\ttaken\tsteps\tto\tenable\tthe\tparticipation\tof\tenergy\tstorage\tin\twholesale\nenergy\tmarkets.\tIn\taddition,\tCalifornia\tand\ta\tnumber\tof\tother\tstates\thave\tadopted\tprocurement\ttargets\tfor\tenergy\tstorage,\tand\tbehind-the-meter\tenergy\nstorage\tsystems\tqualify\tfor\tfunding\tunder\tthe\tCalifornia\tSelf\tGeneration\tIncentive\tProgram.\tOur\tcustomers\tprimarily\tbenefit\tdirectly\tunder\tthese\nprograms.\tIn\tcertain\tinstances\tour\tcustomers\tmay\ttransfer\tsuch\tcredits\tto\tus\tas\tcontract\tconsideration.\tIn\tsuch\ttransactions,\tthey\tare\tincluded\tas\ta\ncomponent\tof\tenergy\tgeneration\tand\tstorage\trevenues\tin\tour\tconsolidated\tstatements\tof\toperations\tincluded\telsewhere\tin\tthis\tAnnual\tReport\ton\tForm\n10-K.\nPursuant\tto\tthe\tIRA,\tunder\tSections\t48,\t48E\tand\t25D\tof\tthe\tInternal\tRevenue\tCode\t(\u201dIRC\u201d),\tstandalone\tenergy\tstorage\ttechnology\tis\teligible\tfor\ta\ttax\ncredit\tbetween\t6%\tand\t50%\tof\tqualified\texpenditures,\tregardless\tof\tthe\tsource\tof\tenergy,\twhich\tmay\tbe\tclaimed\tby\tour\tcustomers\tfor\tstorage\tsystems\nthey\tpurchase\tor\tby\tus\tfor\tarrangements\twhere\twe\town\tthe\tsystems.\tThese\ttax\tcredits\tare\tprimarily\tfor\tthe\tbenefit\tof\tour\tcustomers\tand\tare\tcurrently\nscheduled\tto\tphase-out\tstarting\tin\t2032\tor\tlater.\n9"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43196-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 10, "chroma:document": "Table\tof\tContents\nSolar\tEnergy\tSystem\tIncentives\tand\tPolicies\nU.S.\tfederal,\tstate\tand\tlocal\tgovernments\thave\testablished\tvarious\tpolicies,\tincentives\tand\tfinancial\tmechanisms\tto\treduce\tthe\tcost\tof\tsolar\tenergy\nand\tto\taccelerate\tthe\tadoption\tof\tsolar\tenergy.\tThese\tincentives\tinclude\ttax\tcredits,\tcash\tgrants,\ttax\tabatements\tand\trebates.\nIn\tparticular,\tpursuant\tto\tthe\tIRA,\tSections\t48,\t48E\tand\t25D\tof\tthe\tIRC\tprovides\ta\ttax\tcredit\tbetween\t6%\tand\t70%\tof\tqualified\tcommercial\tor\nresidential\texpenditures\tfor\tsolar\tenergy\tsystems,\twhich\tmay\tbe\tclaimed\tby\tour\tcustomers\tfor\tsystems\tthey\tpurchase,\tor\tby\tus\tfor\tarrangements\twhere\nwe\town\tthe\tsystems\tfor\tproperties\tthat\tmeet\tstatutory\trequirements.\tThese\ttax\tcredits\tare\tprimarily\tfor\tthe\tdirect\tbenefit\tof\tour\tcustomers\tand\tare\ncurrently\tscheduled\tto\tphase-out\tstarting\tin\t2032\tor\tlater.\nRegulations\nVehicle\tSafety\tand\tTesting\nIn\tthe\tU.S.,\tour\tvehicles\tare\tsubject\tto\tregulation\tby\tthe\tNational\tHighway\tTraffic\tSafety\tAdministration\t(\u201cNHTSA\u201d),\tincluding\tall\tapplicable\tFederal\nMotor\tVehicle\tSafety\tStandards\t(\u201cFMVSS\u201d)\tand\tthe\tNHTSA\tbumper\tstandard.\tNumerous\tFMVSS\tapply\tto\tour\tvehicles,\tsuch\tas\tcrash-worthiness\tand\noccupant\tprotection\trequirements.\tOur\tcurrent\tvehicles\tfully\tcomply\tand\twe\texpect\tthat\tour\tvehicles\tin\tthe\tfuture\twill\tfully\tcomply\twith\tall\tapplicable\nFMVSS\twith\tlimited\tor\tno\texemptions,\thowever,\tFMVSS\tare\tsubject\tto\tchange\tfrom\ttime\tto\ttime.\tAs\ta\tmanufacturer,\twe\tmust\tself-certify\tthat\tour\tvehicles\nmeet\tall\tapplicable\tFMVSS\tand\tthe\tNHTSA\tbumper\tstandard,\tor\totherwise\tare\texempt,\tbefore\tthe\tvehicles\tmay\tbe\timported\tor\tsold\tin\tthe\tU.S."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d431fa-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 10, "chroma:document": "We\tare\talso\trequired\tto\tcomply\twith\tother\tfederal\tlaws\tadministered\tby\tNHTSA,\tincluding\tthe\tCorporate\tAverage\tFuel\tEconomy\tstandards,\tTheft\nPrevention\tAct\trequirements,\tlabeling\trequirements\tand\tother\tinformation\tprovided\tto\tcustomers\tin\twriting,\tEarly\tWarning\tReporting\trequirements\nregarding\twarranty\tclaims,\tfield\treports,\tdeath\tand\tinjury\treports\tand\tforeign\trecalls,\ta\tStanding\tGeneral\tOrder\trequiring\treports\tregarding\tcrashes\ninvolving\tvehicles\tequipped\twith\tadvanced\tdriver\tassistance\tsystems,\tand\tadditional\trequirements\tfor\tcooperating\twith\tcompliance\tand\tsafety\ninvestigations\tand\trecall\treporting.\tThe\tU.S.\tAutomobile\tInformation\tand\tDisclosure\tAct\talso\trequires\tmanufacturers\tof\tmotor\tvehicles\tto\tdisclose\tcertain\ninformation\tregarding\tthe\tmanufacturer\u2019s\tsuggested\tretail\tprice,\toptional\tequipment\tand\tpricing.\tIn\taddition,\tfederal\tlaw\trequires\tinclusion\tof\tfuel\neconomy\tratings,\tas\tdetermined\tby\tthe\tU.S.\tDepartment\tof\tTransportation\tand\tthe\tEnvironmental\tProtection\tAgency\t(the\t\u201cEPA\u201d),\tand\tNew\tCar\nAssessment\tProgram\tratings\tas\tdetermined\tby\tNHTSA,\tif\tavailable.\nOur\tvehicles\tsold\toutside\tof\tthe\tU.S.\tare\tsubject\tto\tsimilar\tforeign\tcompliance,\tsafety,\tenvironmental\tand\tother\tregulations.\tMany\tof\tthose\nregulations\tare\tdifferent\tfrom\tthose\tapplicable\tin\tthe\tU.S.\tand\tmay\trequire\tredesign\tand/or\tretesting.\tSome\tof\tthose\tregulations\timpact\tor\tprevent\tthe\nrollout\tof\tnew\tvehicle\tfeatures.\nSelf-Driving\tVehicles\nGenerally,\tlaws\tpertaining\tto\tself-driving\tvehicles\tare\tevolving\tglobally,\tand\tin\tsome\tcases\tmay\tcreate\trestrictions\ton\tfeatures\tor\tvehicle\tdesigns\nthat\twe\tdevelop.\tWhile\tthere\tare\tcurrently\tno\tfederal\tU.S.\tregulations\tpertaining\tspecifically\tto\tself-driving\tvehicles\tor\tself-driving\tequipment,\tNHTSA\thas"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4325e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 10, "chroma:document": "published\trecommended\tguidelines\ton\tself-driving\tvehicles,\tapart\tfrom\tthe\tFMVSS\tand\tmanufacturer\treporting\tobligations,\tand\tretains\tthe\tauthority\tto\ninvestigate\tand/or\ttake\taction\ton\tthe\tsafety\tor\tcompliance\tof\tany\tvehicle,\tequipment\tor\tfeatures\toperating\ton\tpublic\troads.\tCertain\tU.S.\tstates\talso\thave\nlegal\trestrictions\ton\tthe\toperation,\tregistration\tor\tlicensure\tof\tself-driving\tvehicles,\tand\tmany\tother\tstates\tare\tconsidering\tthem.\tThis\tregulatory\npatchwork\tincreases\tthe\tlegal\tcomplexity\twith\trespect\tto\tself-driving\tvehicles\tin\tthe\tU.S.\nIn\tmarkets\tthat\tfollow\tthe\tregulations\tof\tthe\tUnited\tNations\tEconomic\tCommission\tfor\tEurope\t(\u201c\nECE\tmarkets\n\u201d),\tsome\trequirements\trestrict\tthe\ndesign\tof\tadvanced\tdriver-assistance\tor\tself-driving\tfeatures,\twhich\tcan\tcompromise\tor\tprevent\ttheir\tuse\tentirely.\tOther\tapplicable\tlaws,\tboth\tcurrent\tand\nproposed,\tmay\thinder\tthe\tpath\tand\ttimeline\tto\tintroducing\tself-driving\tvehicles\tfor\tsale\tand\tuse\tin\tthe\tmarkets\twhere\tthey\tapply.\nOther\tkey\tmarkets,\tincluding\tChina,\tcontinue\tto\tconsider\tself-driving\tregulation.\tAny\timplemented\tregulations\tmay\tdiffer\tmaterially\tfrom\tthe\tU.S.\nand\tECE\tmarkets,\twhich\tmay\tfurther\tincrease\tthe\tlegal\tcomplexity\tof\tself-driving\tvehicles\tand\tlimit\tor\tprevent\tcertain\tfeatures.\n10"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d432b8-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 11, "chroma:document": "Table\tof\tContents\nAutomobile\tManufacturer\tand\tDealer\tRegulation\nIn\tthe\tU.S.,\tstate\tlaws\tregulate\tthe\tmanufacture,\tdistribution,\tsale\tand\tservice\tof\tautomobiles,\tand\tgenerally\trequire\tmotor\tvehicle\tmanufacturers\nand\tdealers\tto\tbe\tlicensed\tin\torder\tto\tsell\tvehicles\tdirectly\tto\tresidents.\tCertain\tstates\thave\tasserted\tthat\tthe\tlaws\tin\tsuch\tstates\tdo\tnot\tpermit\tautomobile\nmanufacturers\tto\tbe\tlicensed\tas\tdealers\tor\tto\tact\tin\tthe\tcapacity\tof\ta\tdealer,\tor\tthat\tthey\totherwise\trestrict\ta\tmanufacturer\u2019s\tability\tto\tdeliver\tor\tperform\nwarranty\trepairs\ton\tvehicles.\tTo\tsell\tvehicles\tto\tresidents\tof\tstates\twhere\twe\tare\tnot\tlicensed\tas\ta\tdealer,\twe\tgenerally\tconduct\tthe\tsale\tout\tof\tthe\tstate.\nIn\tcertain\tsuch\tstates,\twe\thave\topened\t\u201cgalleries\u201d\tthat\tserve\tan\teducational\tpurpose\tand\twhere\tsales\tmay\tnot\toccur.\nSome\tautomobile\tdealer\ttrade\tassociations\thave\tboth\tchallenged\tthe\tlegality\tof\tour\toperations\tin\tcourt\tand\tused\tadministrative\tand\tlegislative\nprocesses\tto\tattempt\tto\tprohibit\tor\tlimit\tour\tability\tto\toperate\texisting\tstores\tor\texpand\tto\tnew\tlocations.\tCertain\tdealer\tassociations\thave\talso\tactively\nlobbied\tstate\tlicensing\tagencies\tand\tlegislators\tto\tinterpret\texisting\tlaws\tor\tenact\tnew\tlaws\tin\tways\tnot\tfavorable\tto\tour\townership\tand\toperation\tof\tour\nown\tretail\tand\tservice\tlocations.\tWe\texpect\tsuch\tchallenges\tto\tcontinue,\tand\twe\tintend\tto\tactively\tfight\tany\tsuch\tefforts.\nBattery\tSafety\tand\tTesting\nOur\tbattery\tpacks\tare\tsubject\tto\tvarious\tU.S.\tand\tinternational\tregulations\tthat\tgovern\ttransport\tof\t\u201cdangerous\tgoods,\u201d\tdefined\tto\tinclude\tlithium-\nion\tbatteries,\twhich\tmay\tpresent\ta\trisk\tin\ttransportation.\tWe\tconduct\ttesting\tto\tdemonstrate\tour\tcompliance\twith\tsuch\tregulations."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4331c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 11, "chroma:document": "We\tuse\tlithium-ion\tcells\tin\tour\thigh\tvoltage\tbattery\tpacks\tin\tour\tvehicles\tand\tenergy\tstorage\tproducts.\tThe\tuse,\tstorage\tand\tdisposal\tof\tour\tbattery\npacks\tare\tregulated\tunder\texisting\tlaws\tand\tare\tthe\tsubject\tof\tongoing\tregulatory\tchanges\tthat\tmay\tadd\tadditional\trequirements\tin\tthe\tfuture.\tWe\thave\nagreements\twith\tthird\tparty\tbattery\trecycling\tcompanies\tto\trecycle\tour\tbattery\tpacks,\tand\twe\tare\talso\tpiloting\tour\town\trecycling\ttechnology.\nSolar\tEnergy\u2014General\nWe\tare\tsubject\tto\tcertain\tstate\tand\tfederal\tregulations\tapplicable\tto\tsolar\tand\tbattery\tstorage\tproviders\tand\tsellers\tof\telectricity.\tTo\toperate\tour\nsystems,\twe\tenter\tinto\tstandard\tinterconnection\tagreements\twith\tapplicable\tutilities.\tSales\tof\telectricity\tand\tnon-sale\tequipment\tleases\tby\tthird\tparties,\nsuch\tas\tour\tleases\tand\tPPAs,\thave\tfaced\tregulatory\tchallenges\tin\tsome\tstates\tand\tjurisdictions.\nSolar\tEnergy\u2014Net\tMetering\nMost\tstates\tin\tthe\tU.S.\tmake\tnet\tenergy\tmetering,\tor\tnet\tmetering,\tavailable\tto\tsolar\tcustomers.\tNet\tmetering\ttypically\tallows\tsolar\tcustomers\tto\ninterconnect\ttheir\tsolar\tenergy\tsystems\tto\tthe\tutility\tgrid\tand\toffset\ttheir\tutility\telectricity\tpurchases\tby\treceiving\ta\tbill\tcredit\tfor\texcess\tenergy\tgenerated\nby\ttheir\tsolar\tenergy\tsystem\tthat\tis\texported\tto\tthe\tgrid.\tIn\tcertain\tjurisdictions,\tregulators\tor\tutilities\thave\treduced\tor\teliminated\tthe\tbenefit\tavailable\nunder\tnet\tmetering\tor\thave\tproposed\tto\tdo\tso.\nCompetition\nAutomotive\nThe\tworldwide\tautomotive\tmarket\tis\thighly\tcompetitive\tand\twe\texpect\tit\twill\tbecome\teven\tmore\tcompetitive\tin\tthe\tfuture\tas\ta\tsignificant\tand\ngrowing\tnumber\tof\testablished\tand\tnew\tautomobile\tmanufacturers,\tas\twell\tas\tother\tcompanies,\thave\tentered,\tor\tare\treported\tto\thave\tplans\tto\tenter\tthe\nelectric\tvehicle\tmarket."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43376-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 11, "chroma:document": "electric\tvehicle\tmarket.\nWe\tbelieve\tthat\tour\tvehicles\tcompete\tin\tthe\tmarket\tbased\ton\tboth\ttheir\ttraditional\tsegment\tclassification\tas\twell\tas\ttheir\tpropulsion\ttechnology.\tFor\nexample,\tCybertruck\tcompetes\twith\tother\tpickup\ttrucks,\tModel\tS\tand\tModel\tX\tcompete\tprimarily\twith\tpremium\tsedans\tand\tpremium\tSUVs\tand\tModel\t3\nand\tModel\tY\tcompete\twith\tsmall\tto\tmedium-sized\tsedans\tand\tcompact\tSUVs,\twhich\tare\textremely\tcompetitive\tmarkets.\tCompeting\tproducts\ttypically\ninclude\tinternal\tcombustion\tvehicles\tfrom\tmore\testablished\tautomobile\tmanufacturers;\thowever,\tmany\testablished\tand\tnew\tautomobile\tmanufacturers\nhave\tentered\tor\thave\tannounced\tplans\tto\tenter\tthe\tmarket\tfor\telectric\tand\tother\talternative\tfuel\tvehicles.\tOverall,\twe\tbelieve\tthese\tannouncements\tand\nvehicle\tintroductions,\tincluding\tthe\tintroduction\tof\telectric\tvehicles\tinto\trental\tcar\tcompany\tfleets,\tpromote\tthe\tdevelopment\tof\tthe\telectric\tvehicle\nmarket\tby\thighlighting\tthe\tattractiveness\tof\telectric\tvehicles\trelative\tto\tthe\tinternal\tcombustion\tvehicle.\tMany\tmajor\tautomobile\tmanufacturers\thave\nelectric\tvehicles\tavailable\ttoday\tin\tmajor\tmarkets\tincluding\tthe\tU.S.,\tChina\tand\tEurope,\tand\tother\tcurrent\tand\tprospective\tautomobile\tmanufacturers\tare\nalso\tdeveloping\telectric\tvehicles.\tIn\taddition,\tseveral\tmanufacturers\toffer\thybrid\tvehicles,\tincluding\tplug-in\tversions.\n11"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d433da-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 12, "chroma:document": "Table\tof\tContents\nWe\tbelieve\tthat\tthere\tis\talso\tincreasing\tcompetition\tfor\tour\tvehicle\tofferings\tas\ta\tplatform\tfor\tdelivering\tself-driving\ttechnologies,\tcharging\tsolutions\nand\tother\tfeatures\tand\tservices,\tand\twe\texpect\tto\tcompete\tin\tthis\tdeveloping\tmarket\tthrough\tcontinued\tprogress\ton\tour\tAutopilot,\tFSD\tand\tneural\nnetwork\tcapabilities,\tSupercharger\tnetwork\tand\tour\tinfotainment\tofferings.\nEnergy\tGeneration\tand\tStorage\nEnergy\tStorage\tSystems\nThe\tmarket\tfor\tenergy\tstorage\tproducts\tis\talso\thighly\tcompetitive,\tand\tboth\testablished\tand\temerging\tcompanies\thave\tintroduced\tproducts\tthat\tare\nsimilar\tto\tour\tproduct\tportfolio\tor\tthat\tare\talternatives\tto\tthe\telements\tof\tour\tsystems.\tWe\tcompete\twith\tthese\tcompanies\tbased\ton\tprice,\tenergy\tdensity\nand\tefficiency.\tWe\tbelieve\tthat\tthe\tspecifications\tand\tfeatures\tof\tour\tproducts,\tour\tstrong\tbrand\tand\tthe\tmodular,\tscalable\tnature\tof\tour\tenergy\tstorage\nproducts\tgive\tus\ta\tcompetitive\tadvantage\tin\tour\tmarkets.\nSolar\tEnergy\tSystems\nThe\tprimary\tcompetitors\tto\tour\tsolar\tenergy\tbusiness\tare\tthe\ttraditional\tlocal\tutility\tcompanies\tthat\tsupply\tenergy\tto\tour\tpotential\tcustomers.\tWe\ncompete\twith\tthese\ttraditional\tutility\tcompanies\tprimarily\tbased\ton\tprice\tand\tthe\tease\tby\twhich\tcustomers\tcan\tswitch\tto\telectricity\tgenerated\tby\tour\nsolar\tenergy\tsystems.\tWe\talso\tcompete\twith\tsolar\tenergy\tcompanies\tthat\tprovide\tproducts\tand\tservices\tsimilar\tto\tours.\tMany\tsolar\tenergy\tcompanies\nonly\tinstall\tsolar\tenergy\tsystems,\twhile\tothers\tonly\tprovide\tfinancing\tfor\tthese\tinstallations.\tWe\tbelieve\twe\thave\ta\tsignificant\texpansion\topportunity\twith\nour\tofferings\tand\tthat\tthe\tregulatory\tenvironment\tis\tincreasingly\tconducive\tto\tthe\tadoption\tof\trenewable\tenergy\tsystems.\nIntellectual\tProperty"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4343e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 12, "chroma:document": "Intellectual\tProperty\nWe\tplace\ta\tstrong\temphasis\ton\tour\tinnovative\tapproach\tand\tproprietary\tdesigns\twhich\tbring\tintrinsic\tvalue\tand\tuniqueness\tto\tour\tproduct\tportfolio.\nAs\tpart\tof\tour\tbusiness,\twe\tseek\tto\tprotect\tthe\tunderlying\tintellectual\tproperty\trights\tof\tthese\tinnovations\tand\tdesigns\tsuch\tas\twith\trespect\tto\tpatents,\ntrademarks,\tcopyrights,\ttrade\tsecrets,\tconfidential\tinformation\tand\tother\tmeasures,\tincluding\tthrough\temployee\tand\tthird-party\tnondisclosure\nagreements\tand\tother\tcontractual\tarrangements.\tFor\texample,\twe\tplace\ta\thigh\tpriority\ton\tobtaining\tpatents\tto\tprovide\tthe\tbroadest\tand\tstrongest\npossible\tprotection\tto\tenable\tour\tfreedom\tto\toperate\tour\tinnovations\tand\tdesigns\tacross\tall\tof\tour\tproducts\tand\ttechnologies\tas\twell\tas\tto\tprotect\tand\ndefend\tour\tproduct\tportfolio.\tWe\thave\talso\tadopted\ta\tpatent\tpolicy\tin\twhich\twe\tirrevocably\tpledged\tthat\twe\twill\tnot\tinitiate\ta\tlawsuit\tagainst\tany\tparty\tfor\ninfringing\tour\tpatents\tthrough\tactivity\trelating\tto\telectric\tvehicles\tor\trelated\tequipment\tfor\tso\tlong\tas\tsuch\tparty\tis\tacting\tin\tgood\tfaith.\tWe\tmade\tthis\npledge\tin\torder\tto\tencourage\tthe\tadvancement\tof\ta\tcommon,\trapidly-evolving\tplatform\tfor\telectric\tvehicles,\tthereby\tbenefiting\tourselves,\tother\ncompanies\tmaking\telectric\tvehicles\tand\tthe\tworld.\nEnvironmental,\tSocial\tand\tGovernance\t(ESG)\tand\tHuman\tCapital\tResources\nESG\nThe\tvery\tpurpose\tof\tTesla's\texistence\tis\tto\taccelerate\tthe\tworld's\ttransition\tto\tsustainable\tenergy.\tWe\tbelieve\tthe\tworld\tcannot\treduce\tcarbon\nemissions\twithout\taddressing\tboth\tenergy\tgeneration\tand\tconsumption,\tand\twe\tare\tdesigning\tand\tmanufacturing\ta\tcomplete\tenergy\tand\ttransportation"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d434a2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 12, "chroma:document": "ecosystem\tto\tachieve\tthis\tgoal.\tAs\twe\texpand,\twe\tare\tbuilding\teach\tnew\tfactory\tto\tbe\tmore\tefficient\tand\tsustainably\tdesigned\tthan\tthe\tprevious\tone,\nincluding\twith\trespect\tto\tper-unit\twaste\treduction\tand\tresource\tconsumption,\tincluding\twater\tand\tenergy\tusage.\tWe\tare\tfocused\ton\tfurther\tenhancing\nsustainability\tof\toperations\toutside\tof\tour\tdirect\tcontrol,\tincluding\treducing\tthe\tcarbon\tfootprint\tof\tour\tsupply\tchain.\nWe\tare\tcommitted\tto\tsourcing\tonly\tresponsibly\tproduced\tmaterials,\tand\tour\tsuppliers\tare\trequired\tto\tprovide\tevidence\tof\tmanagement\tsystems\tthat\nensure\tsocial,\tenvironmental\tand\tsustainability\tbest\tpractices\tin\ttheir\town\toperations,\tas\twell\tas\tto\tdemonstrate\ta\tcommitment\tto\tresponsible\tsourcing\ninto\ttheir\tsupply\tchains.\tWe\thave\ta\tzero-tolerance\tpolicy\twhen\tit\tcomes\tto\tchild\tor\tforced\tlabor\tand\thuman\ttrafficking\tby\tour\tsuppliers\tand\twe\tlook\tto\tthe\nOrganization\tfor\tEconomic\tCo-operation\tand\tDevelopment\tDue\tDiligence\tGuidelines\tto\tinform\tour\tprocess\tand\tuse\tfeedback\tfrom\tour\tinternal\tand\nexternal\tstakeholders\tto\tfind\tways\tto\tcontinually\timprove.\tWe\tare\talso\tdriving\tsafety\tin\tour\town\tfactories\tby\tfocusing\ton\tworker\tengagement.\tOur\nincidents\tper\tvehicle\tcontinue\tto\tdrop\teven\tas\tour\tproduction\tvolumes\tincrease.\tWe\talso\tstrive\tto\tbe\tan\temployer\tof\tchoice\tby\toffering\tcompelling,\nimpactful\tjobs\twith\tbest\tin-industry\tbenefits.\n12"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43510-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 13, "chroma:document": "Table\tof\tContents\nWe\tbelieve\tthat\tsound\tcorporate\tgovernance\tis\tcritical\tto\thelping\tus\tachieve\tour\tgoals,\tincluding\twith\trespect\tto\tESG.\tWe\tcontinue\tto\tevolve\ta\ngovernance\tframework\tthat\texercises\tappropriate\toversight\tof\tresponsibilities\tat\tall\tlevels\tthroughout\tthe\tcompany\tand\tmanages\tits\taffairs\tconsistent\nwith\thigh\tprinciples\tof\tbusiness\tethics.\tOur\tESG\tSustainability\tCouncil\tis\tmade\tup\tof\tleaders\tfrom\tacross\tour\tcompany,\tand\tregularly\tpresents\tto\tour\tBoard\nof\tDirectors,\twhich\toversees\tour\tESG\timpacts,\tinitiatives\tand\tpriorities.\nHuman\tCapital\tResources\nA\tcompetitive\tedge\tfor\tTesla\tis\tits\tability\tto\tattract\tand\tretain\thigh\tquality\temployees.\tDuring\tthe\tpast\tyear,\tTesla\tmade\tsubstantial\tinvestments\tin\nits\tworkforce,\tfurther\tstrengthening\tits\tstanding\tas\tone\tof\tthe\tmost\tdesirable\tand\tinnovative\tcompanies\tto\twork\tfor.\tAs\tof\tDecember\t31,\t2023,\tour\nemployee\theadcount\tworldwide\twas\t140,473.\nWe\thave\tcreated\tan\tenvironment\tthat\tfosters\tgrowth\topportunities,\tand\tas\tof\tthis\treport,\tnearly\ttwo-thirds\t(65%)\tof\tour\tmanagers\twere\tpromoted\nfrom\tan\tinternal,\tnon-manager\tposition,\tand\t43%\tof\tour\tmanagement\temployees\thave\tbeen\twith\tTesla\tfor\tmore\tthan\tfive\tyears.\tTesla\u2019s\tgrowth\tof\t35%\nover\tthe\tpast\ttwo\tyears\thas\toffered\tinternal\tcareer\tdevelopment\tto\tour\temployees\tas\twell\tas\tthe\tability\tto\tmake\ta\tmeaningful\tcontribution\tto\ta\nsustainable\tfuture.\nWe\tare\table\tto\tretain\tour\temployees,\tin\tpart,\tnot\tonly\tbecause\temployees\tcan\tenjoy\townership\tin\tTesla\tthrough\tstock\t(of\twhich\t89%\thave\tbeen"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4356a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 13, "chroma:document": "given\tthe\topportunity\tto),\tbut\tbecause\twe\talso\tprovide\tthem\twith\texcellent\thealth\tbenefits\tsuch\tas\tfree\tcounseling,\tpaid\tparental\tleave,\tpaid\ttime\toff\tand\nzero-premium\tmedical\tplan\toptions\tthat\tare\tmade\tavailable\ton\tthe\tfirst\tday\tof\temployment.\nWe\trecognize\tthe\tpositive\timpact\tthat\tleaders\tcan\thave\ton\ttheir\tteams\tand\toffer\tfundamental\tskills\ttraining\tand\tcontinuous\tdevelopment\tto\tall\nleaders\tthrough\tvarious\tprograms\tglobally.\nWe\tdon\u2019t\tstop\tthere.\tTesla\thas\tseveral\tother\tprograms\tstrategically\tdesigned\tto\tincrease\tpaths\tfor\tgreater\tcareer\topportunity\tsuch\tas:\n\u2022\nTechnician\tTrainee\t(Service)\t\n\u2013\n\u202f\nThe\tTesla\tTechnician\tTrainee\tProgram\tprovides\ton-the-job\tautomotive\tmaintenance\ttraining\tat\tTesla,\nresulting\tin\tan\tindustry\tcertification.\tTargeted\tat\tindividuals\twith\tlimited\texperience,\twhether\tin\tindustry\tor\tvocational\tschools,\tthe\tprogram\nprepares\ttrainees\tfor\temployment\tas\ttechnicians.\tIn\t2023,\twe\thired\tover\t1,900\tTechnician\tTrainees\tacross\tthe\tU.S.,\tGermany\tand\tChina.\n\u2022\nSTART\t(Manufacturing\tand\tService)\t\n\u2013\tTesla\tSTART\tis\tan\tintensive\ttraining\tprogram\tthat\tcomplements\tthe\tTechnician\tTrainee\tprogram\tand\nequips\tindividuals\twith\tthe\tskills\tneeded\tfor\ta\tsuccessful\ttechnician\trole\tat\tTesla.\tWe\thave\tpartnered\twith\tcolleges\tand\ttechnical\tacademies\tto\nlaunch\tTesla\tSTART\tin\tthe\tU.S.,\tUnited\tKingdom\tand\tGermany.\tIn\t2023,\twe\thired\tover\t350\ttrainees\tfor\tmanufacturing\tand\tservice\troles\tthrough\nthis\tprogram,\tproviding\tan\topportunity\tto\ttransition\tinto\tfull-time\temployment\n.\n\u2022\nInternships\t\n\u2013\tAnnually,\tTesla\thires\tover\t6,000\tuniversity\tand\tcollege\tstudents\tfrom\taround\tthe\tworld.\tWe\trecruit\tfrom\tdiverse\tstudent"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d435ce-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 13, "chroma:document": "organizations\tand\tcampuses,\tseeking\ttop\ttalent\tpassionate\tabout\tour\tmission.\tOur\tinterns\tengage\tin\tmeaningful\twork\tfrom\tday\tone,\tand\twe\noften\toffer\tthem\tfull-time\tpositions\tpost-internship.\n\u2022\nMilitary\tFellowship\tand\tTransition\tPrograms\t\u2013\n\u202fThe\tMilitary\tFellowship\tand\tTransition\tPrograms\tare\tdesigned\tto\toffer\texiting\tmilitary\tservice\nmembers\tin\tthe\tU.S.\tand\tEurope\twith\tcareer\tguidance\ton\ttransitioning\tinto\tthe\tcivil\tworkforce.\tWe\tpartner\twith\tthe\tcareer\ttransition\tservices\tof\nEuropean\tDefence\tMinistries\tacross\tfive\tcountries,\tas\twell\tas\tthe\tU.S.\tChamber\tof\tCommerce\u2019s\tHire\tour\tHeroes.\tThese\tprograms\taim\tto\tconvert\nhigh-performing\tindividuals\tto\tfull-time\troles\tand\tcreate\ta\tveteran\ttalent\tpipeline.\n\u2022\nApprenticeships\n\t\u2013\tTesla\tApprenticeships\tare\toffered\tglobally,\tproviding\tacademic\tand\ton-the-job\ttraining\tto\tprepare\tspecialists\tin\tskilled\ntrades.\tApprentices\twill\tcomplete\tbetween\tone\tto\tfour\tyears\tof\ton-the-job\ttraining.\tApprentice\tprograms\thave\tseen\tskilled\ttrade\thires\tacross\tthe\nU.S.,\tAustralia,\tHong\tKong,\tKorea\tand\tGermany.\n\u2022\nManufacturing\tDevelopment\tProgram\t\n\u2013\u202fTesla's\tmanufacturing\tpathway\tprogram\tis\tdesigned\tto\tprovide\tgraduating\thigh\tschool\tseniors\twith\nthe\tfinancial\tresources,\tcoursework\tand\texperience\tthey\tneed\tto\tstart\ta\tsuccessful\tmanufacturing\tcareer\tat\tTesla.\tWe\thired\t373\tgraduates\nthrough\tthis\tprogram\tin\t2023,\tand\tour\tgoal\tin\t2024\tis\tgrow\tthis\tprogram\tto\tover\t600\tstudents\tannually\tacross\tour\tFremont\tFactory,\tGigafactory\nNevada,\tGigafactory\tTexas\tand\tGigafactory\tNew\tYork.\n13"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43632-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 14, "chroma:document": "Table\tof\tContents\n\u2022\nEngineering\tDevelopment\tProgram\t\n\u2013\u202fLaunched\tin\tJanuary\t2024,\tthis\tprogram\ttargets\trecent\tcollege\tand\tuniversity\tgraduates\tfor\tspecialized\nengineering\tfields.\tIn\tcollaboration\twith\tAustin\tCommunity\tCollege,\tthe\tprogram\teducates\tearly-career\tengineers\tin\tcontrols\tengineering,\nenhancing\ttheir\tknowledge\tof\thigh-demand\ttechnologies\tfor\tU.S.\tmanufacturing.\nWe\twill\tcontinue\tto\texpand\tthe\topportunities\tfor\tour\temployees\tto\tadd\tskills\tand\tdevelop\tprofessionally\twith\ta\tnew\tEmployee\tEducational\tAssistance\nProgram\tlaunching\tin\tthe\tU.S.\tin\tthe\tspring\tof\t2024\tto\thelp\temployees\tpursue\tselect\tcertificates\tor\tdegrees.\tWith\tvirtual,\tself-paced\teducation\toptions\navailable,\temployees\tcan\tpursue\ta\tnew\tpath\tor\texpand\ttheir\tknowledge\twhile\tcontinuing\tto\tgrow\ttheir\tcareer.\nAt\tTesla,\tour\temployees\tshow\tup\tpassionate\tabout\tmaking\ta\tdifference\tin\tthe\tworld\tand\tfor\teach\tother.\tWe\tremain\tunwavering\tin\tour\tdemand\tthat\nour\tfactories,\toffices,\tstores\tand\tservice\tcenters\tare\tplaces\twhere\tour\temployees\tfeel\trespected\tand\tappreciated.\tOur\tpolicies\tare\tdesigned\tto\tpromote\nfairness\tand\trespect\tfor\teveryone.\tWe\thire,\tevaluate\tand\tpromote\temployees\tbased\ton\ttheir\tskills\tand\tperformance.\tEveryone\tis\texpected\tto\tbe\ntrustworthy,\tdemonstrate\texcellence\tin\ttheir\tperformance\tand\tcollaborate\twith\tothers.\tWith\tthis\tin\tmind,\twe\twill\tnot\ttolerate\tcertain\tbehaviors.\tThese\ninclude\tharassment,\tretaliation,\tviolence,\tintimidation\tand\tdiscrimination\tof\tany\tkind\ton\tthe\tbasis\tof\trace,\tcolor,\treligion,\tnational\torigin,\tgender,\tsexual\norientation,\tgender\tidentity,\tgender\texpression,\tage,\tdisability\tor\tveteran\tstatus.\nAnti-harassment\ttraining\tis\tconducted\ton\tday\tone\tof\tnew\thire\torientation\tfor\tall\temployees\tand\treoccurring\tfor\tleaders.\tIn\taddition,\twe\trun\tvarious"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4368c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 14, "chroma:document": "leadership\tdevelopment\tprograms\tthroughout\tthe\tyear\taimed\tat\tenhancing\tleaders\u2019\tskills,\tand\tin\tparticular,\thelping\tthem\tto\tunderstand\thow\tto\nappropriately\trespond\tto\tand\taddress\temployee\tconcerns.\nEmployees\tare\tencouraged\tto\tspeak\tup\tboth\tin\tregard\tto\tmisconduct\tand\tsafety\tconcerns\tand\tcan\tdo\tso\tby\tcontacting\tthe\tintegrity\tline,\tsubmitting\nconcerns\tthrough\tour\tTake\tCharge\tprocess,\tor\tnotifying\ttheir\tHuman\tResource\tPartner\tor\tany\tmember\tof\tmanagement.\tConcerns\tare\treviewed\tin\naccordance\twith\testablished\tprotocols\tby\tinvestigators\twith\texpertise,\twho\talso\treview\tfor\ttrends\tand\toutcomes\tfor\tremediation\tand\tappropriate\tcontrols.\nResponding\tto\tquestions\ttimely\tis\tkey\tso\tHuman\tResource\tPartners\tfor\teach\tfunctional\tarea\tare\tvisible\tthroughout\tfacilities\tand\tare\tactively\tinvolved\tin\ndriving\tculture\tand\tengagement\talongside\tbusiness\tleaders.\nAvailable\tInformation\nWe\tfile\tor\tfurnish\tperiodic\treports\tand\tamendments\tthereto,\tincluding\tour\tAnnual\tReports\ton\tForm\t10-K,\tour\tQuarterly\tReports\ton\tForm\t10-Q\tand\nCurrent\tReports\ton\tForm\t8-K,\tproxy\tstatements\tand\tother\tinformation\twith\tthe\tSEC.\tIn\taddition,\tthe\tSEC\tmaintains\ta\twebsite\t(\nwww.sec.gov\n)\tthat\tcontains\nreports,\tproxy\tand\tinformation\tstatements,\tand\tother\tinformation\tregarding\tissuers\tthat\tfile\telectronically.\tOur\twebsite\tis\tlocated\tat\t\nwww.tesla.com\n,\tand\nour\treports,\tamendments\tthereto,\tproxy\tstatements\tand\tother\tinformation\tare\talso\tmade\tavailable,\tfree\tof\tcharge,\ton\tour\tinvestor\trelations\twebsite\tat\nir.tesla.com\n\tas\tsoon\tas\treasonably\tpracticable\tafter\twe\telectronically\tfile\tor\tfurnish\tsuch\tinformation\twith\tthe\tSEC.\tThe\tinformation\tposted\ton\tour\twebsite"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d436f0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 14, "chroma:document": "is\tnot\tincorporated\tby\treference\tinto\tthis\tAnnual\tReport\ton\tForm\t10-K.\nITEM\t1A.\tRISK\tFACTORS\nYou\tshould\tcarefully\tconsider\tthe\trisks\tdescribed\tbelow\ttogether\twith\tthe\tother\tinformation\tset\tforth\tin\tthis\treport,\twhich\tcould\tmaterially\taffect\tour\nbusiness,\tfinancial\tcondition\tand\tfuture\tresults.\tThe\trisks\tdescribed\tbelow\tare\tnot\tthe\tonly\trisks\tfacing\tour\tcompany.\tRisks\tand\tuncertainties\tnot\tcurrently\nknown\tto\tus\tor\tthat\twe\tcurrently\tdeem\tto\tbe\timmaterial\talso\tmay\tmaterially\tadversely\taffect\tour\tbusiness,\tfinancial\tcondition\tand\toperating\tresults.\nRisks\tRelated\tto\tOur\tAbility\tto\tGrow\tOur\tBusiness\nWe\tmay\texperience\tdelays\tin\tlaunching\tand\tramping\tthe\tproduction\tof\tour\tproducts\tand\tfeatures,\tor\twe\tmay\tbe\tunable\tto\tcontrol\nour\tmanufacturing\tcosts.\nWe\thave\tpreviously\texperienced\tand\tmay\tin\tthe\tfuture\texperience\tlaunch\tand\tproduction\tramp\tdelays\tfor\tnew\tproducts\tand\tfeatures.\tFor\texample,\nwe\tencountered\tunanticipated\tsupplier\tissues\tthat\tled\tto\tdelays\tduring\tthe\tinitial\tramp\tof\tour\tfirst\tModel\tX\tand\texperienced\tchallenges\twith\ta\tsupplier\tand\nwith\tramping\tfull\tautomation\tfor\tcertain\tof\tour\tinitial\tModel\t3\tmanufacturing\tprocesses.\tIn\taddition,\twe\tmay\tintroduce\tin\tthe\tfuture\tnew\tor\tunique\nmanufacturing\tprocesses\tand\tdesign\tfeatures\tfor\tour\tproducts.\tAs\twe\texpand\tour\tvehicle\tofferings\tand\tglobal\tfootprint,\tthere\tis\tno\tguarantee\tthat\twe\twill\nbe\table\tto\tsuccessfully\tand\ttimely\tintroduce\tand\tscale\tsuch\tprocesses\tor\tfeatures.\n14"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43754-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 15, "chroma:document": "Table\tof\tContents\nIn\tparticular,\tour\tfuture\tbusiness\tdepends\tin\tlarge\tpart\ton\tincreasing\tthe\tproduction\tof\tmass-market\tvehicles.\tIn\torder\tto\tbe\tsuccessful,\twe\twill\tneed\nto\timplement,\tmaintain\tand\tramp\tefficient\tand\tcost-effective\tmanufacturing\tcapabilities,\tprocesses\tand\tsupply\tchains\tand\tachieve\tthe\tdesign\ttolerances,\nhigh\tquality\tand\toutput\trates\twe\thave\tplanned\tat\tour\tmanufacturing\tfacilities\tin\tCalifornia,\tNevada,\tTexas,\tChina,\tGermany\tand\tany\tfuture\tsites\tsuch\tas\nMexico.\tWe\twill\talso\tneed\tto\thire,\ttrain\tand\tcompensate\tskilled\temployees\tto\toperate\tthese\tfacilities.\tBottlenecks\tand\tother\tunexpected\tchallenges\tsuch\nas\tthose\twe\texperienced\tin\tthe\tpast\tmay\tarise\tduring\tour\tproduction\tramps,\tand\twe\tmust\taddress\tthem\tpromptly\twhile\tcontinuing\tto\timprove\nmanufacturing\tprocesses\tand\treducing\tcosts.\tIf\twe\tare\tnot\tsuccessful\tin\tachieving\tthese\tgoals,\twe\tcould\tface\tdelays\tin\testablishing\tand/or\tsustaining\tour\nproduct\tramps\tor\tbe\tunable\tto\tmeet\tour\trelated\tcost\tand\tprofitability\ttargets.\nWe\thave\texperienced,\tand\tmay\talso\texperience\tsimilar\tfuture\tdelays\tin\tlaunching\tand/or\tramping\tproduction\tof\tour\tenergy\tstorage\tproducts\tand\nSolar\tRoof;\tnew\tproduct\tversions\tor\tvariants;\tnew\tvehicles;\tand\tfuture\tfeatures\tand\tservices\tbased\ton\tartificial\tintelligence.\tLikewise,\twe\tmay\tencounter\ndelays\twith\tthe\tdesign,\tconstruction\tand\tregulatory\tor\tother\tapprovals\tnecessary\tto\tbuild\tand\tbring\tonline\tfuture\tmanufacturing\tfacilities\tand\tproducts.\nAny\tdelay\tor\tother\tcomplication\tin\tramping\tthe\tproduction\tof\tour\tcurrent\tproducts\tor\tthe\tdevelopment,\tmanufacture,\tlaunch\tand\tproduction\tramp\tof"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d437c2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 15, "chroma:document": "our\tfuture\tproducts,\tfeatures\tand\tservices,\tor\tin\tdoing\tso\tcost-effectively\tand\twith\thigh\tquality,\tmay\tharm\tour\tbrand,\tbusiness,\tprospects,\tfinancial\ncondition\tand\toperating\tresults.\nOur\tsuppliers\tmay\tfail\tto\tdeliver\tcomponents\taccording\tto\tschedules,\tprices,\tquality\tand\tvolumes\tthat\tare\tacceptable\tto\tus,\tor\twe\nmay\tbe\tunable\tto\tmanage\tthese\tcomponents\teffectively.\nOur\tproducts\tcontain\tthousands\tof\tparts\tpurchased\tglobally\tfrom\thundreds\tof\tsuppliers,\tincluding\tsingle-source\tdirect\tsuppliers,\twhich\texposes\tus\tto\nmultiple\tpotential\tsources\tof\tcomponent\tshortages.\tUnexpected\tchanges\tin\tbusiness\tconditions,\tmaterials\tpricing,\tincluding\tinflation\tof\traw\tmaterial\ncosts,\tlabor\tissues,\twars,\ttrade\tpolicies,\tnatural\tdisasters,\thealth\tepidemics\tsuch\tas\tthe\tglobal\tCOVID-19\tpandemic,\ttrade\tand\tshipping\tdisruptions,\tport\ncongestions,\tcyberattacks\tand\tother\tfactors\tbeyond\tour\tor\tour\tsuppliers\u2019\tcontrol\tcould\talso\taffect\tthese\tsuppliers\u2019\tability\tto\tdeliver\tcomponents\tto\tus\tor\tto\nremain\tsolvent\tand\toperational.\tFor\texample,\ta\tglobal\tshortage\tof\tsemiconductors\tbeginning\tin\tearly\t2021\thas\tcaused\tchallenges\tin\tthe\tmanufacturing\nindustry\tand\timpacted\tour\tsupply\tchain\tand\tproduction.\tAdditionally,\tif\tour\tsuppliers\tdo\tnot\taccurately\tforecast\tand\teffectively\tallocate\tproduction\tor\tif\nthey\tare\tnot\twilling\tto\tallocate\tsufficient\tproduction\tto\tus,\tor\tface\tother\tchallenges\tsuch\tas\tinsolvency,\tit\tmay\treduce\tour\taccess\tto\tcomponents\tand\nrequire\tus\tto\tsearch\tfor\tnew\tsuppliers.\tThe\tunavailability\tof\tany\tcomponent\tor\tsupplier\tcould\tresult\tin\tproduction\tdelays,\tidle\tmanufacturing\tfacilities,\nproduct\tdesign\tchanges\tand\tloss\tof\taccess\tto\timportant\ttechnology\tand\ttools\tfor\tproducing\tand\tsupporting\tour\tproducts,\tas\twell\tas\timpact\tour\tcapacity"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43826-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 15, "chroma:document": "expansion\tand\tour\tability\tto\tfulfill\tour\tobligations\tunder\tcustomer\tcontracts.\tMoreover,\tsignificant\tincreases\tin\tour\tproduction\tor\tproduct\tdesign\tchanges\nby\tus\thave\trequired\tand\tmay\tin\tthe\tfuture\trequire\tus\tto\tprocure\tadditional\tcomponents\tin\ta\tshort\tamount\tof\ttime.\tWe\thave\tfaced\tin\tthe\tpast,\tand\tmay\nface\tsuppliers\twho\tare\tunwilling\tor\tunable\tto\tsustainably\tmeet\tour\ttimelines\tor\tour\tcost,\tquality\tand\tvolume\tneeds,\twhich\tmay\tincrease\tour\tcosts\tor\nrequire\tus\tto\treplace\tthem\twith\tother\tsources.\tFinally,\tas\twe\tconstruct\tnew\tmanufacturing\tfacilities\tand\tadd\tproduction\tlines\tto\texisting\tfacilities,\twe\tmay\nexperience\tissues\tin\tcorrespondingly\tincreasing\tthe\tlevel\tof\tlocalized\tprocurement\tat\tthose\tfacilities.\tWhile\twe\tbelieve\tthat\twe\twill\tbe\table\tto\tsecure\nadditional\tor\talternate\tsources\tor\tdevelop\tour\town\treplacements\tfor\tmost\tof\tour\tcomponents,\tthere\tis\tno\tassurance\tthat\twe\twill\tbe\table\tto\tdo\tso\tquickly\nor\tat\tall.\tAdditionally,\twe\tmay\tbe\tunsuccessful\tin\tour\tcontinuous\tefforts\tto\tnegotiate\twith\texisting\tsuppliers\tto\tobtain\tcost\treductions\tand\tavoid\nunfavorable\tchanges\tto\tterms,\tsource\tless\texpensive\tsuppliers\tfor\tcertain\tparts\tand\tredesign\tcertain\tparts\tto\tmake\tthem\tless\texpensive\tto\tproduce,\nespecially\tin\tthe\tcase\tof\tincreases\tin\tmaterials\tpricing.\tAny\tof\tthese\toccurrences\tmay\tharm\tour\tbusiness,\tprospects,\tfinancial\tcondition\tand\toperating\nresults.\nAs\tthe\tscale\tof\tour\tvehicle\tproduction\tincreases,\twe\twill\talso\tneed\tto\taccurately\tforecast,\tpurchase,\twarehouse\tand\ttransport\tcomponents\tat\thigh\nvolumes\tto\tour\tmanufacturing\tfacilities\tand\tservicing\tlocations\tinternationally.\tIf\twe\tare\tunable\tto\taccurately\tmatch\tthe\ttiming\tand\tquantities\tof"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4388a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 15, "chroma:document": "component\tpurchases\tto\tour\tactual\tneeds\tor\tsuccessfully\timplement\tautomation,\tinventory\tmanagement\tand\tother\tsystems\tto\taccommodate\tthe\nincreased\tcomplexity\tin\tour\tsupply\tchain\tand\tparts\tmanagement,\twe\tmay\tincur\tunexpected\tproduction\tdisruption,\tstorage,\ttransportation\tand\twrite-off\ncosts,\twhich\tmay\tharm\tour\tbusiness\tand\toperating\tresults.\nWe\tmay\tbe\tunable\tto\tmeet\tour\tprojected\tconstruction\ttimelines,\tcosts\tand\tproduction\tramps\tat\tnew\tfactories,\tor\twe\tmay\nexperience\tdifficulties\tin\tgenerating\tand\tmaintaining\tdemand\tfor\tproducts\tmanufactured\tthere.\nOur\tability\tto\tincrease\tproduction\tof\tour\tvehicles\ton\ta\tsustained\tbasis,\tmake\tthem\taffordable\tglobally\tby\taccessing\tlocal\tsupply\tchains\tand\nworkforces\tand\tstreamline\tdelivery\tlogistics\tis\tdependent\ton\tthe\tconstruction\tand\tramp\tof\tour\tcurrent\tand\tfuture\tfactories.\tThe\tconstruction\tof\tand\ncommencement\tand\tramp\tof\tproduction\tat\tthese\tfactories\tare\tsubject\n15"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d438e4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 16, "chroma:document": "Table\tof\tContents\nto\ta\tnumber\tof\tuncertainties\tinherent\tin\tall\tnew\tmanufacturing\toperations,\tincluding\tongoing\tcompliance\twith\tregulatory\trequirements,\tprocurement\tand\nmaintenance\tof\tconstruction,\tenvironmental\tand\toperational\tlicenses\tand\tapprovals\tfor\tadditional\texpansion,\tsupply\tchain\tconstraints,\thiring,\ttraining\tand\nretention\tof\tqualified\temployees\tand\tthe\tpace\tof\tbringing\tproduction\tequipment\tand\tprocesses\tonline\twith\tthe\tcapability\tto\tmanufacture\thigh-quality\nunits\tat\tscale.\tMoreover,\twe\twill\thave\tto\testablish\tand\tramp\tproduction\tof\tour\tproprietary\tbattery\tcells\tand\tpacks\tat\tour\tnew\tfactories,\tand\twe\tadditionally\nintend\tto\tincorporate\tsequential\tdesign\tand\tmanufacturing\tchanges\tinto\tvehicles\tmanufactured\tat\teach\tnew\tfactory.\tIf\twe\texperience\tany\tissues\tor\tdelays\nin\tmeeting\tour\tprojected\ttimelines,\tcosts,\tcapital\tefficiency\tand\tproduction\tcapacity\tfor\tour\tnew\tfactories,\texpanding\tand\tmanaging\tteams\tto\timplement\niterative\tdesign\tand\tproduction\tchanges\tthere,\tmaintaining\tand\tcomplying\twith\tthe\tterms\tof\tany\tdebt\tfinancing\tthat\twe\tobtain\tto\tfund\tthem\tor\tgenerating\nand\tmaintaining\tdemand\tfor\tthe\tvehicles\twe\tmanufacture\tthere,\tour\tbusiness,\tprospects,\toperating\tresults\tand\tfinancial\tcondition\tmay\tbe\tharmed.\nWe\tmay\tbe\tunable\tto\tgrow\tour\tglobal\tproduct\tsales,\tdelivery\tand\tinstallation\tcapabilities\tand\tour\tservicing\tand\tvehicle\tcharging\nnetworks,\tor\twe\tmay\tbe\tunable\tto\taccurately\tproject\tand\teffectively\tmanage\tour\tgrowth.\nOur\tsuccess\twill\tdepend\ton\tour\tability\tto\tcontinue\tto\texpand\tour\tsales\tcapabilities.\tWe\tare\ttargeting\ta\tglobal\tmass\tdemographic\twith\ta\tbroad\trange\nof\tpotential\tcustomers,\tin\twhich\twe\thave\trelatively\tlimited\texperience\tprojecting\tdemand\tand\tpricing\tour\tproducts.\tWe\tcurrently\tproduce\tnumerous"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d439ac-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 16, "chroma:document": "international\tvariants\tat\ta\tlimited\tnumber\tof\tfactories,\tand\tif\tour\tspecific\tdemand\texpectations\tfor\tthese\tvariants\tprove\tinaccurate,\twe\tmay\tnot\tbe\table\tto\ntimely\tgenerate\tdeliveries\tmatched\tto\tthe\tvehicles\tthat\twe\tproduce\tin\tthe\tsame\ttimeframe\tor\tthat\tare\tcommensurate\twith\tthe\tsize\tof\tour\toperations\tin\ta\ngiven\tregion.\tLikewise,\tas\twe\tdevelop\tand\tgrow\tour\tenergy\tproducts\tand\tservices\tworldwide,\tour\tsuccess\twill\tdepend\ton\tour\tability\tto\tcorrectly\tforecast\ndemand\tin\tvarious\tmarkets.\nBecause\twe\tdo\tnot\thave\tindependent\tdealer\tnetworks,\twe\tare\tresponsible\tfor\tdelivering\tall\tof\tour\tvehicles\tto\tour\tcustomers.\tAs\tour\tproduction\nvolumes\tcontinue\tto\tgrow,\twe\thave\tfaced\tin\tthe\tpast,\tand\tmay\tface\tchallenges\twith\tdeliveries\tat\tincreasing\tvolumes,\tparticularly\tin\tinternational\tmarkets\nrequiring\tsignificant\ttransit\ttimes.\tWe\thave\talso\tdeployed\ta\tnumber\tof\tdelivery\tmodels,\tsuch\tas\tdeliveries\tto\tcustomers\u2019\thomes\tand\tworkplaces\tand\ntouchless\tdeliveries,\tbut\tthere\tis\tno\tguarantee\tthat\tsuch\tmodels\twill\tbe\tscalable\tor\tbe\taccepted\tglobally.\tLikewise,\tas\twe\tramp\tour\tenergy\tproducts,\twe\nare\tworking\tto\tsubstantially\tincrease\tour\tproduction\tand\tinstallation\tcapabilities.\tIf\twe\texperience\tproduction\tdelays\tor\tinaccurately\tforecast\tdemand,\tour\nbusiness,\tfinancial\tcondition\tand\toperating\tresults\tmay\tbe\tharmed.\nMoreover,\tbecause\tof\tour\tunique\texpertise\twith\tour\tvehicles,\twe\trecommend\tthat\tour\tvehicles\tbe\tserviced\tby\tus\tor\tby\tcertain\tauthorized\nprofessionals.\tIf\twe\texperience\tdelays\tin\tadding\tservicing\tcapacity\tor\tservicing\tour\tvehicles\tefficiently,\tor\texperience\tunforeseen\tissues\twith\tthe\treliability"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43a10-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 16, "chroma:document": "of\tour\tvehicles,\tparticularly\thigher-volume\tadditions\tto\tour\tfleet\tsuch\tas\tModel\t3\tand\tModel\tY,\tit\tcould\toverburden\tour\tservicing\tcapabilities\tand\tparts\ninventory.\tSimilarly,\tthe\tincreasing\tnumber\tof\tTesla\tvehicles\talso\trequires\tus\tto\tcontinue\tto\trapidly\tincrease\tthe\tnumber\tof\tour\tSupercharger\tstations\tand\nconnectors\tthroughout\tthe\tworld.\nThere\tis\tno\tassurance\tthat\twe\twill\tbe\table\tto\tramp\tour\tbusiness\tto\tmeet\tour\tsales,\tdelivery,\tinstallation,\tservicing\tand\tvehicle\tcharging\ttargets\nglobally,\tthat\tour\tprojections\ton\twhich\tsuch\ttargets\tare\tbased\twill\tprove\taccurate\tor\tthat\tthe\tpace\tof\tgrowth\tor\tcoverage\tof\tour\tcustomer\tinfrastructure\nnetwork\twill\tmeet\tcustomer\texpectations.\tThese\tplans\trequire\tsignificant\tcash\tinvestments\tand\tmanagement\tresources\tand\tthere\tis\tno\tguarantee\tthat\nthey\twill\tgenerate\tadditional\tsales\tor\tinstallations\tof\tour\tproducts,\tor\tthat\twe\twill\tbe\table\tto\tavoid\tcost\toverruns\tor\tbe\table\tto\thire\tadditional\tpersonnel\tto\nsupport\tthem.\tAs\twe\texpand,\twe\twill\talso\tneed\tto\tensure\tour\tcompliance\twith\tregulatory\trequirements\tin\tvarious\tjurisdictions\tapplicable\tto\tthe\tsale,\ninstallation\tand\tservicing\tof\tour\tproducts,\tthe\tsale\tor\tdispatch\tof\telectricity\trelated\tto\tour\tenergy\tproducts\tand\tthe\toperation\tof\tSuperchargers.\tIf\twe\tfail\tto\nmanage\tour\tgrowth\teffectively,\tit\tmay\tharm\tour\tbrand,\tbusiness,\tprospects,\tfinancial\tcondition\tand\toperating\tresults.\nWe\twill\tneed\tto\tmaintain\tand\tsignificantly\tgrow\tour\taccess\tto\tbattery\tcells,\tincluding\tthrough\tthe\tdevelopment\tand\tmanufacture\tof\nour\town\tcells,\tand\tcontrol\tour\trelated\tcosts.\nWe\tare\tdependent\ton\tthe\tcontinued\tsupply\tof\tlithium-ion\tbattery\tcells\tfor\tour\tvehicles\tand\tenergy\tstorage\tproducts,\tand\twe\twill\trequire\tsubstantially"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43a74-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 16, "chroma:document": "more\tcells\tto\tgrow\tour\tbusiness\taccording\tto\tour\tplans.\tCurrently,\twe\trely\ton\tsuppliers\tsuch\tas\tPanasonic\tand\tContemporary\tAmperex\tTechnology\tCo.\nLimited\t(CATL)\tfor\tthese\tcells.\tWe\thave\tto\tdate\tfully\tqualified\tonly\ta\tvery\tlimited\tnumber\tof\tsuch\tsuppliers\tand\thave\tlimited\tflexibility\tin\tchanging\nsuppliers.\tAny\tdisruption\tin\tthe\tsupply\tof\tbattery\tcells\tfrom\tour\tsuppliers\tcould\tlimit\tproduction\tof\tour\tvehicles\tand\tenergy\tstorage\tproducts.\tIn\tthe\tlong\nterm,\twe\tintend\tto\tsupplement\tcells\tfrom\tour\tsuppliers\twith\tcells\tmanufactured\tby\tus,\twhich\twe\tbelieve\twill\tbe\tmore\tefficient,\tmanufacturable\tat\tgreater\nvolumes\tand\tmore\tcost-effective\tthan\tcurrently\tavailable\tcells.\tHowever,\tour\tefforts\tto\tdevelop\tand\tmanufacture\tsuch\tbattery\tcells\thave\trequired,\tand\nmay\tcontinue\tto\trequire,\tsignificant\tinvestments,\tand\tthere\tcan\tbe\tno\tassurance\tthat\twe\twill\tbe\table\tto\tachieve\tthese\ttargets\tin\tthe\ttimeframes\tthat\twe\nhave\tplanned\tor\tat\tall.\tIf\twe\tare\n16"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43ace-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 17, "chroma:document": "Table\tof\tContents\nunable\tto\tdo\tso,\twe\tmay\thave\tto\tcurtail\tour\tplanned\tvehicle\tand\tenergy\tstorage\tproduct\tproduction\tor\tprocure\tadditional\tcells\tfrom\tsuppliers\tat\npotentially\tgreater\tcosts,\teither\tof\twhich\tmay\tharm\tour\tbusiness\tand\toperating\tresults.\nIn\taddition,\tthe\tcost\tand\tmass\tproduction\tof\tbattery\tcells,\twhether\tmanufactured\tby\tour\tsuppliers\tor\tby\tus,\tdepends\tin\tpart\tupon\tthe\tprices\tand\navailability\tof\traw\tmaterials\tsuch\tas\tlithium,\tnickel,\tcobalt\tand/or\tother\tmetals.\tThe\tprices\tfor\tthese\tmaterials\tfluctuate\tand\ttheir\tavailable\tsupply\tmay\tbe\nunstable,\tdepending\ton\tmarket\tconditions\tand\tglobal\tdemand\tfor\tthese\tmaterials.\tFor\texample,\tas\ta\tresult\tof\tincreased\tglobal\tproduction\tof\telectric\nvehicles\tand\tenergy\tstorage\tproducts,\tsuppliers\tof\tthese\traw\tmaterials\tmay\tbe\tunable\tto\tmeet\tour\tvolume\tneeds.\tAdditionally,\tour\tsuppliers\tmay\tnot\tbe\nwilling\tor\table\tto\treliably\tmeet\tour\ttimelines\tor\tour\tcost\tand\tquality\tneeds,\twhich\tmay\trequire\tus\tto\treplace\tthem\twith\tother\tsources.\tAny\treduced\navailability\tof\tthese\tmaterials\tmay\timpact\tour\taccess\tto\tcells\tand\tour\tgrowth,\tand\tany\tincreases\tin\ttheir\tprices\tmay\treduce\tour\tprofitability\tif\twe\tcannot\nrecoup\tsuch\tcosts\tthrough\tincreased\tprices.\tMoreover,\tour\tinability\tto\tmeet\tdemand\tand\tany\tproduct\tprice\tincreases\tmay\tharm\tour\tbrand,\tgrowth,\nprospects\tand\toperating\tresults.\nOur\tfuture\tgrowth\tand\tsuccess\tare\tdependent\tupon\tconsumers\u2019\tdemand\tfor\telectric\tvehicles\tand\tspecifically\tour\tvehicles\tin\tan\nautomotive\tindustry\tthat\tis\tgenerally\tcompetitive,\tcyclical\tand\tvolatile."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43b78-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 17, "chroma:document": "Though\twe\tcontinue\tto\tsee\tincreased\tinterest\tand\tadoption\tof\telectric\tvehicles,\tif\tthe\tmarket\tfor\telectric\tvehicles\tin\tgeneral\tand\tTesla\tvehicles\tin\nparticular\tdoes\tnot\tdevelop\tas\twe\texpect,\tdevelops\tmore\tslowly\tthan\twe\texpect,\tor\tif\tdemand\tfor\tour\tvehicles\tdecreases\tin\tour\tmarkets\tor\tour\tvehicles\ncompete\twith\teach\tother,\tour\tbusiness,\tprospects,\tfinancial\tcondition\tand\toperating\tresults\tmay\tbe\tharmed.\nIn\taddition,\telectric\tvehicles\tstill\tconstitute\ta\tsmall\tpercentage\tof\toverall\tvehicle\tsales.\tAs\ta\tresult,\tthe\tmarket\tfor\tour\tvehicles\tcould\tbe\tnegatively\naffected\tby\tnumerous\tfactors,\tsuch\tas:\n\u2022\nperceptions\tabout\telectric\tvehicle\tfeatures,\tquality,\tsafety,\tperformance\tand\tcost;\n\u2022\nperceptions\tabout\tthe\tlimited\trange\tover\twhich\telectric\tvehicles\tmay\tbe\tdriven\ton\ta\tsingle\tbattery\tcharge,\tand\taccess\tto\tcharging\tfacilities;\n\u2022\ncompetition,\tincluding\tfrom\tother\ttypes\tof\talternative\tfuel\tvehicles,\tplug-in\thybrid\telectric\tvehicles\tand\thigh\tfuel-economy\tinternal\tcombustion\nengine\tvehicles;\n\u2022\nvolatility\tin\tthe\tcost\tof\toil,\tgasoline\tand\tenergy;\n\u2022\ngovernment\tregulations\tand\teconomic\tincentives\tand\tconditions;\tand\n\u2022\nconcerns\tabout\tour\tfuture\tviability.\nThe\ttarget\tdemographics\tfor\tour\tvehicles\tare\thighly\tcompetitive.\tSales\tof\tvehicles\tin\tthe\tautomotive\tindustry\ttend\tto\tbe\tcyclical\tin\tmany\tmarkets,\nwhich\tmay\texpose\tus\tto\tfurther\tvolatility.\tWe\talso\tcannot\tpredict\tthe\tduration\tor\tdirection\tof\tcurrent\tglobal\ttrends\tor\ttheir\tsustained\timpact\ton\tconsumer\ndemand.\tUltimately,\twe\tcontinue\tto\tmonitor\tmacroeconomic\tconditions\tto\tremain\tflexible\tand\tto\toptimize\tand\tevolve\tour\tbusiness\tas\tappropriate,\tand"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43bdc-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 17, "chroma:document": "attempt\tto\taccurately\tproject\tdemand\tand\tinfrastructure\trequirements\tglobally\tand\tdeploy\tour\tproduction,\tworkforce\tand\tother\tresources\taccordingly.\nRising\tinterest\trates\tmay\tlead\tto\tconsumers\tto\tincreasingly\tpull\tback\tspending,\tincluding\ton\tour\tproducts,\twhich\tmay\tharm\tour\tdemand,\tbusiness\tand\noperating\tresults.\tIf\twe\texperience\tunfavorable\tglobal\tmarket\tconditions,\tor\tif\twe\tcannot\tor\tdo\tnot\tmaintain\toperations\tat\ta\tscope\tthat\tis\tcommensurate\nwith\tsuch\tconditions\tor\tare\tlater\trequired\tto\tor\tchoose\tto\tsuspend\tsuch\toperations\tagain,\tour\tbusiness,\tprospects,\tfinancial\tcondition\tand\toperating\tresults\nmay\tbe\tharmed.\nWe\tface\tstrong\tcompetition\tfor\tour\tproducts\tand\tservices\tfrom\ta\tgrowing\tlist\tof\testablished\tand\tnew\tcompetitors.\nThe\tworldwide\tautomotive\tmarket\tis\thighly\tcompetitive\ttoday\tand\twe\texpect\tit\twill\tbecome\teven\tmore\tso\tin\tthe\tfuture.\tA\tsignificant\tand\tgrowing\nnumber\tof\testablished\tand\tnew\tautomobile\tmanufacturers,\tas\twell\tas\tother\tcompanies,\thave\tentered,\tor\tare\treported\tto\thave\tplans\tto\tenter,\tthe\tmarket\nfor\telectric\tand\tother\talternative\tfuel\tvehicles,\tincluding\thybrid,\tplug-in\thybrid\tand\tfully\telectric\tvehicles,\tas\twell\tas\tthe\tmarket\tfor\tself-driving\ttechnology\nand\tother\tvehicle\tapplications\tand\tsoftware\tplatforms.\tIn\tsome\tcases,\tour\tcompetitors\toffer\tor\twill\toffer\telectric\tvehicles\tin\timportant\tmarkets\tsuch\tas\nChina\tand\tEurope,\tand/or\thave\tannounced\tan\tintention\tto\tproduce\telectric\tvehicles\texclusively\tat\tsome\tpoint\tin\tthe\tfuture.\tIn\taddition,\tcertain\ngovernment\tand\teconomic\tincentives\twhich\tprovide\tbenefits\tto\tmanufacturers\twho\tassemble\tdomestically\tor\thave\tlocal\tsuppliers,\tmay\tprovide\ta\tgreater"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43c40-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 17, "chroma:document": "benefit\tto\tour\tcompetitors,\twhich\tcould\tnegatively\timpact\tour\tprofitability.\tMany\tof\tour\tcompetitors\thave\tsignificantly\tmore\tor\tbetter-established\nresources\tthan\twe\tdo\tto\tdevote\tto\tthe\tdesign,\tdevelopment,\tmanufacturing,\tdistribution,\tpromotion,\tsale\tand\tsupport\tof\ttheir\tproducts.\tIncreased\ncompetition\tcould\tresult\tin\tour\tlower\tvehicle\tunit\tsales,\tprice\treductions,\trevenue\tshortfalls,\tloss\tof\tcustomers\tand\tloss\tof\tmarket\tshare,\twhich\tmay\tharm\nour\tbusiness,\tfinancial\tcondition\tand\toperating\tresults.\n17"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43ca4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 18, "chroma:document": "Table\tof\tContents\nWe\talso\tface\tcompetition\tin\tour\tenergy\tgeneration\tand\tstorage\tbusiness\tfrom\tother\tmanufacturers,\tdevelopers,\tinstallers\tand\tservice\tproviders\tof\ncompeting\tenergy\ttechnologies,\tas\twell\tas\tfrom\tlarge\tutilities.\tDecreases\tin\tthe\tretail\tor\twholesale\tprices\tof\telectricity\tfrom\tutilities\tor\tother\trenewable\nenergy\tsources\tcould\tmake\tour\tproducts\tless\tattractive\tto\tcustomers\tand\tlead\tto\tan\tincreased\trate\tof\tcustomer\tdefaults.\nRisks\tRelated\tto\tOur\tOperations\nWe\tmay\texperience\tissues\twith\tlithium-ion\tcells\tor\tother\tcomponents\tmanufactured\tat\tour\tGigafactories,\twhich\tmay\tharm\tthe\nproduction\tand\tprofitability\tof\tour\tvehicle\tand\tenergy\tstorage\tproducts.\nOur\tplan\tto\tgrow\tthe\tvolume\tand\tprofitability\tof\tour\tvehicles\tand\tenergy\tstorage\tproducts\tdepends\ton\tsignificant\tlithium-ion\tbattery\tcell\tproduction,\nincluding\tby\tour\tpartner\tPanasonic\tat\tGigafactory\tNevada.\tWe\talso\tproduce\tseveral\tvehicle\tcomponents\tat\tour\tGigafactories,\tsuch\tas\tbattery\tmodules\tand\npacks\tand\tdrive\tunits,\tand\tmanufacture\tenergy\tstorage\tproducts.\tIf\twe\tare\tunable\tto\tor\totherwise\tdo\tnot\tmaintain\tand\tgrow\tour\trespective\toperations,\tor\nif\twe\tare\tunable\tto\tdo\tso\tcost-effectively\tor\thire\tand\tretain\thighly-skilled\tpersonnel\tthere,\tour\tability\tto\tmanufacture\tour\tproducts\tprofitably\twould\tbe\nlimited,\twhich\tmay\tharm\tour\tbusiness\tand\toperating\tresults.\nFinally,\tthe\thigh\tvolumes\tof\tlithium-ion\tcells\tand\tbattery\tmodules\tand\tpacks\tmanufactured\tby\tus\tand\tby\tour\tsuppliers\tare\tstored\tand\trecycled\tat\tour\nvarious\tfacilities.\tAny\tmishandling\tof\tthese\tproducts\tmay\tcause\tdisruption\tto\tthe\toperation\tof\tsuch\tfacilities.\tWhile\twe\thave\timplemented\tsafety"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43d08-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 18, "chroma:document": "procedures\trelated\tto\tthe\thandling\tof\tthe\tcells,\tthere\tcan\tbe\tno\tassurance\tthat\ta\tsafety\tissue\tor\tfire\trelated\tto\tthe\tcells\twould\tnot\tdisrupt\tour\toperations.\nAny\tsuch\tdisruptions\tor\tissues\tmay\tharm\tour\tbrand\tand\tbusiness.\nWe\tface\trisks\tassociated\twith\tmaintaining\tand\texpanding\tour\tinternational\toperations,\tincluding\tunfavorable\tand\tuncertain\nregulatory,\tpolitical,\teconomic,\ttax\tand\tlabor\tconditions.\nWe\tare\tsubject\tto\tlegal\tand\tregulatory\trequirements,\tpolitical\tuncertainty\tand\tsocial,\tenvironmental\tand\teconomic\tconditions\tin\tnumerous\njurisdictions,\tincluding\tmarkets\tin\twhich\twe\tgenerate\tsignificant\tsales,\tover\twhich\twe\thave\tlittle\tcontrol\tand\twhich\tare\tinherently\tunpredictable.\tOur\noperations\tin\tsuch\tjurisdictions,\tparticularly\tas\ta\tcompany\tbased\tin\tthe\tU.S.,\tcreate\trisks\trelating\tto\tconforming\tour\tproducts\tto\tregulatory\tand\tsafety\nrequirements\tand\tcharging\tand\tother\telectric\tinfrastructures;\torganizing\tlocal\toperating\tentities;\testablishing,\tstaffing\tand\tmanaging\tforeign\tbusiness\nlocations;\tattracting\tlocal\tcustomers;\tnavigating\tforeign\tgovernment\ttaxes,\tregulations\tand\tpermit\trequirements;\tenforceability\tof\tour\tcontractual\trights;\ntrade\trestrictions,\tcustoms\tregulations,\ttariffs\tand\tprice\tor\texchange\tcontrols;\tand\tpreferences\tin\tforeign\tnations\tfor\tdomestically\tmanufactured\tproducts.\nFor\texample,\twe\tmonitor\ttax\tlegislation\tchanges\ton\ta\tglobal\tbasis,\tincluding\tchanges\tarising\tas\ta\tresult\tof\tthe\tOrganization\tfor\tEconomic\tCooperation\tand\nDevelopment\u2019s\tmulti-jurisdictional\tplan\tof\taction\tto\taddress\tbase\terosion\tand\tprofit\tshifting.\tSuch\tconditions\tmay\tincrease\tour\tcosts,\timpact\tour\tability\tto\nsell\tour\tproducts\tand\trequire\tsignificant\tmanagement\tattention,\tand\tmay\tharm\tour\tbusiness\tif\twe\tare\tunable\tto\tmanage\tthem\teffectively."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43d6c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 18, "chroma:document": "Our\tbusiness\tmay\tsuffer\tif\tour\tproducts\tor\tfeatures\tcontain\tdefects,\tfail\tto\tperform\tas\texpected\tor\ttake\tlonger\tthan\texpected\tto\nbecome\tfully\tfunctional.\nIf\tour\tproducts\tcontain\tdesign\tor\tmanufacturing\tdefects,\twhether\trelating\tto\tour\tsoftware\tor\thardware,\tthat\tcause\tthem\tnot\tto\tperform\tas\tdesigned\nor\tintended\tor\tthat\trequire\trepair,\tor\tcertain\tfeatures\tof\tour\tvehicles\tsuch\tas\tnew\tAutopilot\tor\tFSD\tCapability\tfeatures\ttake\tlonger\tthan\texpected\tto\nbecome\tenabled,\tare\tlegally\trestricted\tor\tbecome\tsubject\tto\tonerous\tregulation,\tour\tability\tto\tdevelop,\tmarket\tand\tsell\tour\tproducts\tand\tservices\tmay\tbe\nharmed,\tand\twe\tmay\texperience\tdelivery\tdelays,\tproduct\trecalls,\tallegations\tof\tproduct\tliability,\tbreach\tof\twarranty\tand\trelated\tconsumer\tprotection\nclaims\tand\tsignificant\twarranty\tand\tother\texpenses.\tWhile\twe\tare\tcontinuously\tworking\tto\tdevelop\tand\timprove\tour\tproducts\u2019\tcapability\tand\tperformance,\nthere\tis\tno\tguarantee\tthat\tany\tincremental\tchanges\tin\tthe\tspecific\tsoftware\tor\tequipment\twe\tdeploy\tin\tour\tvehicles\tover\ttime\twill\tnot\tresult\tin\tinitial\nfunctional\tdisparities\tfrom\tprior\titerations\tor\twill\tperform\tas\tforecast\tin\tthe\ttimeframe\twe\tanticipate,\tor\tat\tall.\tAlthough\twe\tattempt\tto\tremedy\tany\tissues\nwe\tobserve\tin\tour\tproducts\tas\teffectively\tand\trapidly\tas\tpossible,\tsuch\tefforts\tmay\tnot\tbe\ttimely,\tmay\thamper\tproduction\tor\tmay\tnot\tcompletely\tsatisfy\nour\tcustomers.\tWe\thave\tperformed,\tand\tcontinue\tto\tperform,\textensive\tinternal\ttesting\ton\tour\tproducts\tand\tfeatures,\tthough,\tlike\tthe\trest\tof\tthe\tindustry,\nwe\tcurrently\thave\ta\tlimited\tframe\tof\treference\tby\twhich\tto\tevaluate\tcertain\taspects\tof\ttheir\tlong-term\tquality,\treliability,\tdurability\tand\tperformance"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43dc6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 18, "chroma:document": "characteristics,\tincluding\texposure\tto\tor\tconsequence\tof\texternal\tattacks.\tWhile\twe\tattempt\tto\tidentify\tand\taddress\tor\tremedy\tdefects\twe\tidentify\tpre-\nproduction\tand\tsale,\tthere\tmay\tbe\tlatent\tdefects\tthat\twe\tmay\tbe\tunable\tto\tdetect\tor\tcontrol\tfor\tin\tour\tproducts,\tand\tthereby\taddress,\tprior\tto\ttheir\tsale\tto\nor\tinstallation\tfor\tcustomers.\n18"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43e2a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 19, "chroma:document": "Table\tof\tContents\nWe\tmay\tbe\trequired\tto\tdefend\tor\tinsure\tagainst\tproduct\tliability\tclaims.\nThe\tautomobile\tindustry\tgenerally\texperiences\tsignificant\tproduct\tliability\tclaims,\tand\tas\tsuch\twe\tface\tthe\trisk\tof\tsuch\tclaims\tin\tthe\tevent\tour\nvehicles\tdo\tnot\tperform\tor\tare\tclaimed\tto\tnot\thave\tperformed\tas\texpected.\tAs\tis\ttrue\tfor\tother\tautomakers,\tour\tvehicles\thave\tbeen\tinvolved\tand\twe\nexpect\tin\tthe\tfuture\twill\tbe\tinvolved\tin\taccidents\tresulting\tin\tdeath\tor\tpersonal\tinjury,\tand\tsuch\taccidents\twhere\tAutopilot,\tEnhanced\tAutopilot\tor\tFSD\nCapability\tfeatures\tare\tengaged\tare\tthe\tsubject\tof\tsignificant\tpublic\tattention,\tespecially\tin\tlight\tof\tNHTSA\u2019s\tStanding\tGeneral\tOrder\trequiring\treports\nregarding\tcrashes\tinvolving\tvehicles\twith\tadvanced\tdriver\tassistance\tsystems.\tWe\thave\texperienced,\tand\twe\texpect\tto\tcontinue\tto\tface,\tclaims\tand\nregulatory\tscrutiny\tarising\tfrom\tor\trelated\tto\tmisuse\tor\tclaimed\tfailures\tor\talleged\tmisrepresentations\tof\tsuch\tnew\ttechnologies\tthat\twe\tare\tpioneering.\tIn\naddition,\tthe\tbattery\tpacks\tthat\twe\tproduce\tmake\tuse\tof\tlithium-ion\tcells.\tOn\trare\toccasions,\tlithium-ion\tcells\tcan\trapidly\trelease\tthe\tenergy\tthey\tcontain\nby\tventing\tsmoke\tand\tflames\tin\ta\tmanner\tthat\tcan\tignite\tnearby\tmaterials\tas\twell\tas\tother\tlithium-ion\tcells.\tWhile\twe\thave\tdesigned\tour\tbattery\tpacks\tto\npassively\tcontain\tany\tsingle\tcell\u2019s\trelease\tof\tenergy\twithout\tspreading\tto\tneighboring\tcells,\tthere\tcan\tbe\tno\tassurance\tthat\ta\tfield\tor\ttesting\tfailure\tof\tour\nvehicles\tor\tother\tbattery\tpacks\tthat\twe\tproduce\twill\tnot\toccur,\tin\tparticular\tdue\tto\ta\thigh-speed\tcrash.\tLikewise,\tas\tour\tsolar\tenergy\tsystems\tand\tenergy"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43e84-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 19, "chroma:document": "storage\tproducts\tgenerate\tand\tstore\telectricity,\tthey\thave\tthe\tpotential\tto\tfail\tor\tcause\tinjury\tto\tpeople\tor\tproperty.\tAny\tproduct\tliability\tclaim\tmay\nsubject\tus\tto\tlawsuits\tand\tsubstantial\tmonetary\tdamages,\tproduct\trecalls\tor\tredesign\tefforts,\tand\teven\ta\tmeritless\tclaim\tmay\trequire\tus\tto\tdefend\tit,\tall\tof\nwhich\tmay\tgenerate\tnegative\tpublicity\tand\tbe\texpensive\tand\ttime-consuming.\tIn\tmost\tjurisdictions,\twe\tgenerally\tself-insure\tagainst\tthe\trisk\tof\tproduct\nliability\tclaims\tfor\tvehicle\texposure,\tmeaning\tthat\tany\tproduct\tliability\tclaims\twill\tlikely\thave\tto\tbe\tpaid\tfrom\tcompany\tfunds\tand\tnot\tby\tinsurance.\nWe\twill\tneed\tto\tmaintain\tpublic\tcredibility\tand\tconfidence\tin\tour\tlong-term\tbusiness\tprospects\tin\torder\tto\tsucceed.\nIn\torder\tto\tmaintain\tand\tgrow\tour\tbusiness,\twe\tmust\tmaintain\tcredibility\tand\tconfidence\tamong\tcustomers,\tsuppliers,\tanalysts,\tinvestors,\tratings\nagencies\tand\tother\tparties\tin\tour\tlong-term\tfinancial\tviability\tand\tbusiness\tprospects.\tMaintaining\tsuch\tconfidence\tmay\tbe\tchallenging\tdue\tto\tour\tlimited\noperating\thistory\trelative\tto\testablished\tcompetitors;\tcustomer\tunfamiliarity\twith\tour\tproducts;\tany\tdelays\twe\tmay\texperience\tin\tscaling\tmanufacturing,\ndelivery\tand\tservice\toperations\tto\tmeet\tdemand;\tcompetition\tand\tuncertainty\tregarding\tthe\tfuture\tof\telectric\tvehicles\tor\tour\tother\tproducts\tand\tservices;\nour\tquarterly\tproduction\tand\tsales\tperformance\tcompared\twith\tmarket\texpectations;\tand\tother\tfactors\tincluding\tthose\tover\twhich\twe\thave\tno\tcontrol.\tIn\nparticular,\tTesla\u2019s\tproducts,\tbusiness,\tresults\tof\toperations,\tand\tstatements\tand\tactions\tof\tTesla\tand\tits\tmanagement\tare\tsubject\tto\tsignificant\tamounts\tof"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43ee8-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 19, "chroma:document": "commentary\tby\ta\trange\tof\tthird\tparties.\tSuch\tattention\tcan\tinclude\tcriticism,\twhich\tmay\tbe\texaggerated\tor\tunfounded,\tsuch\tas\tspeculation\tregarding\tthe\nsufficiency\tor\tstability\tof\tour\tmanagement\tteam.\tAny\tsuch\tnegative\tperceptions,\twhether\tcaused\tby\tus\tor\tnot,\tmay\tharm\tour\tbusiness\tand\tmake\tit\tmore\ndifficult\tto\traise\tadditional\tfunds\tif\tneeded.\nWe\tmay\tbe\tunable\tto\teffectively\tgrow,\tor\tmanage\tthe\tcompliance,\tresidual\tvalue,\tfinancing\tand\tcredit\trisks\trelated\tto,\tour\tvarious\nfinancing\tprograms.\nWe\toffer\tfinancing\tarrangements\tfor\tour\tvehicles\tin\tNorth\tAmerica,\tEurope\tand\tAsia\tprimarily\tourselves\tand\tthrough\tvarious\tfinancial\tinstitutions.\nWe\talso\tcurrently\toffer\tvehicle\tfinancing\tarrangements\tdirectly\tthrough\tour\tlocal\tsubsidiaries\tin\tcertain\tmarkets.\tDepending\ton\tthe\tcountry,\tsuch\narrangements\tare\tavailable\tfor\tspecified\tmodels\tand\tmay\tinclude\toperating\tleases\tdirectly\twith\tus\tunder\twhich\twe\ttypically\treceive\tonly\ta\tvery\tsmall\nportion\tof\tthe\ttotal\tvehicle\tpurchase\tprice\tat\tthe\ttime\tof\tlease,\tfollowed\tby\ta\tstream\tof\tpayments\tover\tthe\tterm\tof\tthe\tlease.\tWe\thave\talso\toffered\tvarious\narrangements\tfor\tcustomers\tof\tour\tsolar\tenergy\tsystems\twhereby\tthey\tpay\tus\ta\tfixed\tpayment\tto\tlease\tor\tfinance\tthe\tpurchase\tof\tsuch\tsystems\tor\npurchase\telectricity\tgenerated\tby\tthem.\tIf\twe\tdo\tnot\tsuccessfully\tmonitor\tand\tcomply\twith\tapplicable\tnational,\tstate\tand/or\tlocal\tfinancial\tregulations\tand\nconsumer\tprotection\tlaws\tgoverning\tthese\ttransactions,\twe\tmay\tbecome\tsubject\tto\tenforcement\tactions\tor\tpenalties.\nThe\tprofitability\tof\tany\tdirectly-leased\tvehicles\treturned\tto\tus\tat\tthe\tend\tof\ttheir\tleases\tdepends\ton\tour\tability\tto\taccurately\tproject\tour\tvehicles\u2019"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43f42-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 19, "chroma:document": "residual\tvalues\tat\tthe\toutset\tof\tthe\tleases,\tand\tsuch\tvalues\tmay\tfluctuate\tprior\tto\tthe\tend\tof\ttheir\tterms\tdepending\ton\tvarious\tfactors\tsuch\tas\tsupply\tand\ndemand\tof\tour\tused\tvehicles,\teconomic\tcycles\tand\tthe\tpricing\tof\tnew\tvehicles.\tWe\thave\tmade\tin\tthe\tpast\tand\tmay\tmake\tin\tthe\tfuture\tcertain\tadjustments\nto\tour\tprices\tfrom\ttime\tto\ttime\tin\tthe\tordinary\tcourse\tof\tbusiness,\twhich\tmay\timpact\tthe\tresidual\tvalues\tof\tour\tvehicles\tand\treduce\tthe\tprofitability\tof\tour\nvehicle\tleasing\tprogram.\tThe\tfunding\tand\tgrowth\tof\tthis\tprogram\talso\trely\ton\tour\tability\tto\tsecure\tadequate\tfinancing\tand/or\tbusiness\tpartners.\tIf\twe\tare\nunable\tto\tadequately\tfund\tour\tleasing\tprogram\tthrough\tinternal\tfunds,\tpartners\tor\tother\tfinancing\tsources,\tand\tcompelling\talternative\tfinancing\tprograms\nare\tnot\tavailable\tfor\tour\tcustomers\twho\tmay\texpect\tor\tneed\tsuch\toptions,\twe\tmay\tbe\tunable\tto\tgrow\tour\tvehicle\tdeliveries.\tFurthermore,\tif\tour\tvehicle\nleasing\tbusiness\tgrows\tsubstantially,\tour\tbusiness\tmay\tsuffer\tif\twe\tcannot\teffectively\tmanage\tthe\tresulting\tgreater\tlevels\tof\tresidual\trisk.\n19"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43f9c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 20, "chroma:document": "Table\tof\tContents\nSimilarly,\twe\thave\tprovided\tresale\tvalue\tguarantees\tto\tvehicle\tcustomers\tand\tpartners\tfor\tcertain\tfinancing\tprograms,\tunder\twhich\tsuch\ncounterparties\tmay\tsell\ttheir\tvehicles\tback\tto\tus\tat\tcertain\tpoints\tin\ttime\tat\tpre-determined\tamounts.\tHowever,\tactual\tresale\tvalues\tare\tsubject\tto\nfluctuations\tover\tthe\tterm\tof\tthe\tfinancing\tarrangements,\tsuch\tas\tfrom\tthe\tvehicle\tpricing\tchanges\tdiscussed\tabove.\tIf\tthe\tactual\tresale\tvalues\tof\tany\nvehicles\tresold\tor\treturned\tto\tus\tpursuant\tto\tthese\tprograms\tare\tmaterially\tlower\tthan\tthe\tpre-determined\tamounts\twe\thave\toffered,\tour\tfinancial\ncondition\tand\toperating\tresults\tmay\tbe\tharmed.\nFinally,\tour\tvehicle\tand\tsolar\tenergy\tsystem\tfinancing\tprograms\tand\tour\tenergy\tstorage\tsales\tprograms\talso\texpose\tus\tto\tcustomer\tcredit\trisk.\tIn\nthe\tevent\tof\ta\twidespread\teconomic\tdownturn\tor\tother\tcatastrophic\tevent,\tour\tcustomers\tmay\tbe\tunable\tor\tunwilling\tto\tsatisfy\ttheir\tpayment\tobligations\nto\tus\ton\ta\ttimely\tbasis\tor\tat\tall.\tIf\ta\tsignificant\tnumber\tof\tour\tcustomers\tdefault,\twe\tmay\tincur\tsubstantial\tcredit\tlosses\tand/or\timpairment\tcharges\twith\nrespect\tto\tthe\tunderlying\tassets.\nWe\tmust\tmanage\tongoing\tobligations\tunder\tour\tagreement\twith\tthe\tResearch\tFoundation\tfor\tthe\tState\tUniversity\tof\tNew\tYork\nrelating\tto\tour\tGigafactory\tNew\tYork.\nWe\tare\tparty\tto\tan\toperating\tlease\tand\ta\tresearch\tand\tdevelopment\tagreement\tthrough\tthe\tState\tUniversity\tof\tNew\tYork\t(the\t\u201cSUNY\tFoundation\u201d).\nThese\tagreements\tprovide\tfor\tthe\tconstruction\tand\tuse\tof\tour\tGigafactory\tNew\tYork,\twhich\twe\thave\tprimarily\tused\tfor\tthe\tdevelopment\tand\tproduction\tof"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d43ff6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 20, "chroma:document": "our\tSolar\tRoof\tand\tother\tsolar\tproducts\tand\tcomponents,\tenergy\tstorage\tcomponents\tand\tSupercharger\tcomponents,\tand\tfor\tother\tlessor-approved\nfunctions.\tUnder\tthis\tagreement,\twe\tare\tobligated\tto,\tamong\tother\tthings,\tmeet\temployment\ttargets\tas\twell\tas\tspecified\tminimum\tnumbers\tof\tpersonnel\nin\tthe\tState\tof\tNew\tYork\tand\tin\tBuffalo,\tNew\tYork\tand\tspend\tor\tincur\t$\n5.00\n\tbillion\tin\tcombined\tcapital,\toperational\texpenses,\tcosts\tof\tgoods\tsold\tand\nother\tcosts\tin\tthe\tState\tof\tNew\tYork\tduring\ta\tperiod\tthat\twas\tinitially\t10\tyears\tbeginning\tApril\t30,\t2018.\tAs\tof\tDecember\t31,\t2023,\twe\tare\tcurrently\tin\nexcess\tof\tsuch\ttargets\trelating\tto\tinvestments\tand\tpersonnel\tin\tthe\tState\tof\tNew\tYork\tand\tBuffalo.\tWhile\twe\texpect\tto\thave\tand\tgrow\tsignificant\noperations\tat\tGigafactory\tNew\tYork\tand\tthe\tsurrounding\tBuffalo\tarea,\tany\tfailure\tby\tus\tin\tany\tyear\tover\tthe\tcourse\tof\tthe\tterm\tof\tthe\tagreement\tto\tmeet\nall\tapplicable\tfuture\tobligations\tmay\tresult\tin\tour\tobligation\tto\tpay\ta\t\u201cprogram\tpayment\u201d\tof\t$\n41\n\tmillion\tto\tthe\tSUNY\tFoundation\tfor\tsuch\tyear,\tthe\ntermination\tof\tour\tlease\tat\tGigafactory\tNew\tYork\twhich\tmay\trequire\tus\tto\tpay\tadditional\tpenalties,\tand/or\tthe\tneed\tto\tadjust\tcertain\tof\tour\toperations.\nAny\tof\tthe\tforegoing\tevents\tmay\tharm\tour\tbusiness,\tfinancial\tcondition\tand\toperating\tresults.\nIf\twe\tare\tunable\tto\tattract,\thire\tand\tretain\tkey\temployees\tand\tqualified\tpersonnel,\tour\tability\tto\tcompete\tmay\tbe\tharmed.\nThe\tloss\tof\tthe\tservices\tof\tany\tof\tour\tkey\temployees\tor\tany\tsignificant\tportion\tof\tour\tworkforce\tcould\tdisrupt\tour\toperations\tor\tdelay\tthe"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4405a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 20, "chroma:document": "development,\tintroduction\tand\tramp\tof\tour\tproducts\tand\tservices.\tIn\tparticular,\twe\tare\thighly\tdependent\ton\tthe\tservices\tof\tElon\tMusk,\tTechnoking\tof\nTesla\tand\tour\tChief\tExecutive\tOfficer.\tNone\tof\tour\tkey\temployees\tis\tbound\tby\tan\temployment\tagreement\tfor\tany\tspecific\tterm\tand\twe\tmay\tnot\tbe\table\tto\nsuccessfully\tattract\tand\tretain\tsenior\tleadership\tnecessary\tto\tgrow\tour\tbusiness.\tOur\tfuture\tsuccess\talso\tdepends\tupon\tour\tability\tto\tattract,\thire\tand\nretain\ta\tlarge\tnumber\tof\tengineering,\tmanufacturing,\tmarketing,\tsales\tand\tdelivery,\tservice,\tinstallation,\ttechnology\tand\tsupport\tpersonnel,\tespecially\tto\nsupport\tour\tplanned\thigh-volume\tproduct\tsales,\tmarket\tand\tgeographical\texpansion\tand\ttechnological\tinnovations.\tIf\twe\tare\tnot\tsuccessful\tin\tmanaging\nthese\trisks,\tour\tbusiness,\tfinancial\tcondition\tand\toperating\tresults\tmay\tbe\tharmed.\nEmployees\tmay\tleave\tTesla\tor\tchoose\tother\temployers\tover\tTesla\tdue\tto\tvarious\tfactors,\tsuch\tas\ta\tvery\tcompetitive\tlabor\tmarket\tfor\ttalented\nindividuals\twith\tautomotive\tor\ttechnology\texperience,\tor\tany\tnegative\tpublicity\trelated\tto\tus.\tIn\tregions\twhere\twe\thave\tor\twill\thave\toperations,\nparticularly\tsignificant\tengineering\tand\tmanufacturing\tcenters,\tthere\tis\tstrong\tcompetition\tfor\tindividuals\twith\tskillsets\tneeded\tfor\tour\tbusiness,\tincluding\nspecialized\tknowledge\tof\telectric\tvehicles,\tengineering\tand\telectrical\tand\tbuilding\tconstruction\texpertise.\tWe\talso\tcompete\twith\tboth\tmature\tand\nprosperous\tcompanies\tthat\thave\tfar\tgreater\tfinancial\tresources\tthan\twe\tdo\tand\tstart-ups\tand\temerging\tcompanies\tthat\tpromise\tshort-term\tgrowth\nopportunities.\nFinally,\tour\tcompensation\tphilosophy\tfor\tall\tof\tour\tpersonnel\treflects\tour\tstartup\torigins,\twith\tan\temphasis\ton\tequity-based\tawards\tand\tbenefits\tin"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d440b4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 20, "chroma:document": "order\tto\tclosely\talign\ttheir\tincentives\twith\tthe\tlong-term\tinterests\tof\tour\tstockholders.\tWe\tperiodically\tseek\tand\tobtain\tapproval\tfrom\tour\tstockholders\tfor\nfuture\tincreases\tto\tthe\tnumber\tof\tawards\tavailable\tunder\tour\tequity\tincentive\tand\temployee\tstock\tpurchase\tplans.\tIf\twe\tare\tunable\tto\tobtain\tthe\trequisite\nstockholder\tapprovals\tfor\tsuch\tfuture\tincreases,\twe\tmay\thave\tto\texpend\tadditional\tcash\tto\tcompensate\tour\temployees\tand\tour\tability\tto\tretain\tand\thire\nqualified\tpersonnel\tmay\tbe\tharmed.\n20"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4414a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 21, "chroma:document": "Table\tof\tContents\nWe\tare\thighly\tdependent\ton\tthe\tservices\tof\tElon\tMusk,\tTechnoking\tof\tTesla\tand\tour\tChief\tExecutive\tOfficer.\nWe\tare\thighly\tdependent\ton\tthe\tservices\tof\tElon\tMusk,\tTechnoking\tof\tTesla\tand\tour\tChief\tExecutive\tOfficer.\tAlthough\tMr.\tMusk\tspends\tsignificant\ntime\twith\tTesla\tand\tis\thighly\tactive\tin\tour\tmanagement,\the\tdoes\tnot\tdevote\this\tfull\ttime\tand\tattention\tto\tTesla.\tMr.\tMusk\talso\tcurrently\tserves\tas\tChief\nExecutive\tOfficer\tand\tChief\tTechnical\tOfficer\tof\tSpace\tExploration\tTechnologies\tCorp.,\ta\tdeveloper\tand\tmanufacturer\tof\tspace\tlaunch\tvehicles,\tChairman\nand\tChief\tTechnical\tOfficer\tof\tX\tCorp.,\ta\tsocial\tmedia\tcompany,\tand\tis\tinvolved\tin\tother\temerging\ttechnology\tventures.\nOur\tinformation\ttechnology\tsystems\tor\tdata,\tor\tthose\tof\tour\tservice\tproviders\tor\tcustomers\tor\tusers\tcould\tbe\tsubject\tto\tcyber-\nattacks\tor\tother\tsecurity\tincidents,\twhich\tcould\tresult\tin\tdata\tbreaches,\tintellectual\tproperty\ttheft,\tclaims,\tlitigation,\tregulatory\ninvestigations,\tsignificant\tliability,\treputational\tdamage\tand\tother\tadverse\tconsequences.\nWe\tcontinue\tto\texpand\tour\tinformation\ttechnology\tsystems\tas\tour\toperations\tgrow,\tsuch\tas\tproduct\tdata\tmanagement,\tprocurement,\tinventory\nmanagement,\tproduction\tplanning\tand\texecution,\tsales,\tservice\tand\tlogistics,\tdealer\tmanagement,\tfinancial,\ttax\tand\tregulatory\tcompliance\tsystems.\tThis\nincludes\tthe\timplementation\tof\tnew\tinternally\tdeveloped\tsystems\tand\tthe\tdeployment\tof\tsuch\tsystems\tin\tthe\tU.S.\tand\tabroad.\tWhile,\twe\tmaintain\ninformation\ttechnology\tmeasures\tdesigned\tto\tprotect\tus\tagainst\tintellectual\tproperty\ttheft,\tdata\tbreaches,\tsabotage\tand\tother\texternal\tor\tinternal\tcyber-"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d441ae-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 21, "chroma:document": "attacks\tor\tmisappropriation,\tour\tsystems\tand\tthose\tof\tour\tservice\tproviders\tare\tpotentially\tvulnerable\tto\tmalware,\transomware,\tviruses,\tdenial-of-service\nattacks,\tphishing\tattacks,\tsocial\tengineering,\tcomputer\thacking,\tunauthorized\taccess,\texploitation\tof\tbugs,\tdefects\tand\tvulnerabilities,\tbreakdowns,\ndamage,\tinterruptions,\tsystem\tmalfunctions,\tpower\toutages,\tterrorism,\tacts\tof\tvandalism,\tsecurity\tbreaches,\tsecurity\tincidents,\tinadvertent\tor\tintentional\nactions\tby\temployees\tor\tother\tthird\tparties,\tand\tother\tcyber-attacks.\nTo\tthe\textent\tany\tsecurity\tincident\tresults\tin\tunauthorized\taccess\tor\tdamage\tto\tor\tacquisition,\tuse,\tcorruption,\tloss,\tdestruction,\talteration\tor\ndissemination\tof\tour\tdata,\tincluding\tintellectual\tproperty\tand\tpersonal\tinformation,\tor\tour\tproducts\tor\tvehicles,\tor\tfor\tit\tto\tbe\tbelieved\tor\treported\tthat\tany\nof\tthese\toccurred,\tit\tcould\tdisrupt\tour\tbusiness,\tharm\tour\treputation,\tcompel\tus\tto\tcomply\twith\tapplicable\tdata\tbreach\tnotification\tlaws,\tsubject\tus\tto\ttime\nconsuming,\tdistracting\tand\texpensive\tlitigation,\tregulatory\tinvestigation\tand\toversight,\tmandatory\tcorrective\taction,\trequire\tus\tto\tverify\tthe\tcorrectness\nof\tdatabase\tcontents,\tor\totherwise\tsubject\tus\tto\tliability\tunder\tlaws,\tregulations\tand\tcontractual\tobligations,\tincluding\tthose\tthat\tprotect\tthe\tprivacy\tand\nsecurity\tof\tpersonal\tinformation.\tThis\tcould\tresult\tin\tincreased\tcosts\tto\tus\tand\tresult\tin\tsignificant\tlegal\tand\tfinancial\texposure\tand/or\treputational\tharm.\nWe\talso\trely\ton\tservice\tproviders,\tand\tsimilar\tincidents\trelating\tto\ttheir\tinformation\ttechnology\tsystems\tcould\talso\thave\ta\tmaterial\tadverse\teffect\ton\nour\tbusiness.\tThere\thave\tbeen\tand\tmay\tcontinue\tto\tbe\tsignificant\tsupply\tchain\tattacks.\tOur\tservice\tproviders,\tincluding\tour\tworkforce\tmanagement"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d44212-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 21, "chroma:document": "software\tprovider,\thave\tbeen\tsubject\tto\transomware\tand\tother\tsecurity\tincidents,\tand\twe\tcannot\tguarantee\tthat\tour\tor\tour\tservice\tproviders\u2019\tsystems\nhave\tnot\tbeen\tbreached\tor\tthat\tthey\tdo\tnot\tcontain\texploitable\tdefects,\tbugs,\tor\tvulnerabilities\tthat\tcould\tresult\tin\ta\tsecurity\tincident,\tor\tother\tdisruption\nto,\tour\tor\tour\tservice\tproviders\u2019\tsystems.\tOur\tability\tto\tmonitor\tour\tservice\tproviders\u2019\tsecurity\tmeasures\tis\tlimited,\tand,\tin\tany\tevent,\tmalicious\tthird\nparties\tmay\tbe\table\tto\tcircumvent\tthose\tsecurity\tmeasures.\nFurther,\tthe\timplementation,\tmaintenance,\tsegregation\tand\timprovement\tof\tthese\tsystems\trequire\tsignificant\tmanagement\ttime,\tsupport\tand\tcost,\nand\tthere\tare\tinherent\trisks\tassociated\twith\tdeveloping,\timproving\tand\texpanding\tour\tcore\tsystems\tas\twell\tas\timplementing\tnew\tsystems\tand\tupdating\ncurrent\tsystems,\tincluding\tdisruptions\tto\tthe\trelated\tareas\tof\tbusiness\toperation.\tThese\trisks\tmay\taffect\tour\tability\tto\tmanage\tour\tdata\tand\tinventory,\nprocure\tparts\tor\tsupplies\tor\tmanufacture,\tsell,\tdeliver\tand\tservice\tproducts,\tadequately\tprotect\tour\tintellectual\tproperty\tor\tachieve\tand\tmaintain\ncompliance\twith,\tor\trealize\tavailable\tbenefits\tunder,\ttax\tlaws\tand\tother\tapplicable\tregulations.\nMoreover,\tif\twe\tdo\tnot\tsuccessfully\timplement,\tmaintain\tor\texpand\tthese\tsystems\tas\tplanned,\tour\toperations\tmay\tbe\tdisrupted,\tour\tability\tto\naccurately\tand/or\ttimely\treport\tour\tfinancial\tresults\tcould\tbe\timpaired\tand\tdeficiencies\tmay\tarise\tin\tour\tinternal\tcontrol\tover\tfinancial\treporting,\twhich\nmay\timpact\tour\tability\tto\tcertify\tour\tfinancial\tresults.\tMoreover,\tour\tproprietary\tinformation,\tincluding\tintellectual\tproperty\tand\tpersonal\tinformation,"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4426c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 21, "chroma:document": "could\tbe\tcompromised\tor\tmisappropriated\tand\tour\treputation\tmay\tbe\tadversely\taffected.\tIf\tthese\tsystems\tor\ttheir\tfunctionality\tdo\tnot\toperate\tas\twe\nexpect\tthem\tto,\twe\tmay\tbe\trequired\tto\texpend\tsignificant\tresources\tto\tmake\tcorrections\tor\tfind\talternative\tsources\tfor\tperforming\tthese\tfunctions.\n21"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d442d0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 22, "chroma:document": "Table\tof\tContents\nAny\tunauthorized\tcontrol\tor\tmanipulation\tof\tour\tproducts\u2019\tsystems\tcould\tresult\tin\tloss\tof\tconfidence\tin\tus\tand\tour\tproducts.\nOur\tproducts\tcontain\tcomplex\tinformation\ttechnology\tsystems.\tFor\texample,\tour\tvehicles\tand\tenergy\tstorage\tproducts\tare\tdesigned\twith\tbuilt-in\ndata\tconnectivity\tto\taccept\tand\tinstall\tperiodic\tremote\tupdates\tfrom\tus\tto\timprove\tor\tupdate\ttheir\tfunctionality.\tWhile\twe\thave\timplemented\tsecurity\nmeasures\tintended\tto\tprevent\tunauthorized\taccess\tto\tour\tinformation\ttechnology\tnetworks,\tour\tproducts\tand\ttheir\tsystems,\tmalicious\tentities\thave\nreportedly\tattempted,\tand\tmay\tattempt\tin\tthe\tfuture,\tto\tgain\tunauthorized\taccess\tto\tmodify,\talter\tand\tuse\tsuch\tnetworks,\tproducts\tand\tsystems\tto\tgain\ncontrol\tof,\tor\tto\tchange,\tour\tproducts\u2019\tfunctionality,\tuser\tinterface\tand\tperformance\tcharacteristics\tor\tto\tgain\taccess\tto\tdata\tstored\tin\tor\tgenerated\tby\tour\nproducts.\tWe\tencourage\treporting\tof\tpotential\tvulnerabilities\tin\tthe\tsecurity\tof\tour\tproducts\tthrough\tour\tsecurity\tvulnerability\treporting\tpolicy,\tand\twe\naim\tto\tremedy\tany\treported\tand\tverified\tvulnerability.\tHowever,\tthere\tcan\tbe\tno\tassurance\tthat\tany\tvulnerabilities\twill\tnot\tbe\texploited\tbefore\tthey\tcan\nbe\tidentified,\tor\tthat\tour\tremediation\tefforts\tare\tor\twill\tbe\tsuccessful.\nAny\tunauthorized\taccess\tto\tor\tcontrol\tof\tour\tproducts\tor\ttheir\tsystems\tor\tany\tloss\tof\tdata\tcould\tresult\tin\tlegal\tclaims\tor\tgovernment\tinvestigations.\nIn\taddition,\tregardless\tof\ttheir\tveracity,\treports\tof\tunauthorized\taccess\tto\tour\tproducts,\ttheir\tsystems\tor\tdata,\tas\twell\tas\tother\tfactors\tthat\tmay\tresult\tin\nthe\tperception\tthat\tour\tproducts,\ttheir\tsystems\tor\tdata\tare\tcapable\tof\tbeing\thacked,\tmay\tharm\tour\tbrand,\tprospects\tand\toperating\tresults.\tWe\thave\tbeen"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4432a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 22, "chroma:document": "the\tsubject\tof\tsuch\treports\tin\tthe\tpast.\nOur\tbusiness\tmay\tbe\tadversely\taffected\tby\tany\tdisruptions\tcaused\tby\tunion\tactivities.\nIt\tis\tnot\tuncommon\tfor\temployees\tof\tcertain\ttrades\tat\tcompanies\tsuch\tas\tours\tto\tbelong\tto\ta\tunion,\twhich\tcan\tresult\tin\thigher\temployee\tcosts\tand\nincreased\trisk\tof\twork\tstoppages.\tMoreover,\tregulations\tin\tsome\tjurisdictions\toutside\tof\tthe\tU.S.\tmandate\temployee\tparticipation\tin\tindustrial\tcollective\nbargaining\tagreements\tand\twork\tcouncils\twith\tcertain\tconsultation\trights\twith\trespect\tto\tthe\trelevant\tcompanies\u2019\toperations.\tAlthough\twe\twork\tdiligently\nto\tprovide\tthe\tbest\tpossible\twork\tenvironment\tfor\tour\temployees,\tthey\tmay\tstill\tdecide\tto\tjoin\tor\tseek\trecognition\tto\tform\ta\tlabor\tunion,\tor\twe\tmay\tbe\nrequired\tto\tbecome\ta\tunion\tsignatory.\tFrom\ttime\tto\ttime,\tlabor\tunions\thave\tengaged\tin\tcampaigns\tto\torganize\tcertain\tof\tour\toperations,\tas\tpart\tof\twhich\nsuch\tunions\thave\tfiled\tunfair\tlabor\tpractice\tcharges\tagainst\tus\twith\tthe\tNational\tLabor\tRelations\tBoard\t(the\t\u201cNLRB\u201d),\tand\tthey\tmay\tdo\tso\tin\tthe\tfuture.\nAny\tunfavorable\tultimate\toutcome\tfor\tTesla\tmay\thave\ta\tnegative\timpact\ton\tthe\tperception\tof\tTesla\u2019s\ttreatment\tof\tour\temployees.\tFurthermore,\twe\tare\ndirectly\tor\tindirectly\tdependent\tupon\tcompanies\twith\tunionized\twork\tforces,\tsuch\tas\tsuppliers\tand\ttrucking\tand\tfreight\tcompanies.\tAny\twork\tstoppages\tor\nstrikes\torganized\tby\tsuch\tunions\tcould\tdelay\tthe\tmanufacture\tand\tsale\tof\tour\tproducts\tand\tmay\tharm\tour\tbusiness\tand\toperating\tresults.\nWe\tmay\tchoose\tto\tor\tbe\tcompelled\tto\tundertake\tproduct\trecalls\tor\ttake\tother\tsimilar\tactions."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4438e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 22, "chroma:document": "As\ta\tmanufacturing\tcompany,\twe\tmust\tmanage\tthe\trisk\tof\tproduct\trecalls\twith\trespect\tto\tour\tproducts.\tRecalls\tfor\tour\tvehicles\thave\tresulted\tfrom\nvarious\thardware\tand\tsoftware-related\tsafety\tconcerns\tor\tnon-compliance\tdeterminations.\tIn\taddition\tto\trecalls\tinitiated\tby\tus\tfor\tvarious\tcauses,\ttesting\nof\tor\tinvestigations\tinto\tour\tproducts\tby\tgovernment\tregulators\tor\tindustry\tgroups\tmay\tcompel\tus\tto\tinitiate\tproduct\trecalls\tor\tmay\tresult\tin\tnegative\npublic\tperceptions\tabout\tthe\tsafety\tof\tour\tproducts,\teven\tif\twe\tdisagree\twith\tthe\tdefect\tdetermination\tor\thave\tdata\tthat\tcontradicts\tit.\tIn\tthe\tfuture,\twe\nmay\tvoluntarily\tor\tinvoluntarily\tinitiate\trecalls\tif\tany\tof\tour\tproducts\tare\tdetermined\tby\tus\tor\ta\tregulator\tto\tcontain\ta\tsafety\tdefect\tor\tbe\tnoncompliant\nwith\tapplicable\tlaws\tand\tregulations,\tsuch\tas\tU.S.\tFederal\tMotor\tVehicle\tSafety\tStandards.\tSuch\trecalls,\twhether\tvoluntary\tor\tinvoluntary\tor\tcaused\tby\nsystems\tor\tcomponents\tengineered\tor\tmanufactured\tby\tus\tor\tour\tsuppliers,\tcould\tresult\tin\tsignificant\texpense,\tsupply\tchain\tcomplications\tand\tservice\nburdens,\tand\tmay\tharm\tour\tbrand,\tbusiness,\tprospects,\tfinancial\tcondition\tand\toperating\tresults.\nOur\tcurrent\tand\tfuture\twarranty\treserves\tmay\tbe\tinsufficient\tto\tcover\tfuture\twarranty\tclaims.\nWe\tprovide\ta\tmanufacturer\u2019s\twarranty\ton\tall\tnew\tand\tused\tTesla\tvehicles\twe\tsell\tdirectly\tto\tcustomers.\tWe\talso\tprovide\tcertain\twarranties\twith\nrespect\tto\tthe\tenergy\tgeneration\tand\tstorage\tsystems\twe\tsell,\tincluding\ton\ttheir\tinstallation\tand\tmaintenance.\tFor\tcomponents\tnot\tmanufactured\tby\tus,\nwe\tgenerally\tpass\tthrough\tto\tour\tcustomers\tthe\tapplicable\tmanufacturers\u2019\twarranties,\tbut\tmay\tretain\tsome\twarranty\tresponsibilities\tfor\tsome\tor\tall\tof\tthe"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d443f2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 22, "chroma:document": "life\tof\tsuch\tcomponents.\tAs\tpart\tof\tour\tenergy\tgeneration\tand\tstorage\tsystem\tcontracts,\twe\tmay\tprovide\tthe\tcustomer\twith\tperformance\tguarantees\tthat\nguarantee\tthat\tthe\tunderlying\tsystem\twill\tmeet\tor\texceed\tthe\tminimum\tenergy\tgeneration\tor\tother\tenergy\tperformance\trequirements\tspecified\tin\tthe\ncontract.\tUnder\tthese\tperformance\tguarantees,\twe\tgenerally\tbear\tthe\trisk\tof\telectricity\tproduction\tor\tother\tperformance\tshortfalls,\tincluding\tin\tsome\ncases\tshortfalls\tcaused\tby\tfailures\tin\tcomponents\tfrom\tthird\tparty\tmanufacturers.\tThese\trisks\tare\texacerbated\tin\tthe\tevent\tsuch\tmanufacturers\tcease\noperations\tor\tfail\tto\thonor\ttheir\twarranties.\n22"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d44456-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 23, "chroma:document": "Table\tof\tContents\nIf\tour\twarranty\treserves\tare\tinadequate\tto\tcover\tfuture\twarranty\tclaims\ton\tour\tproducts,\tour\tfinancial\tcondition\tand\toperating\tresults\tmay\tbe\nharmed.\tWarranty\treserves\tinclude\tour\tmanagement\u2019s\tbest\testimates\tof\tthe\tprojected\tcosts\tto\trepair\tor\tto\treplace\titems\tunder\twarranty,\twhich\tare\tbased\non\tactual\tclaims\tincurred\tto\tdate\tand\tan\testimate\tof\tthe\tnature,\tfrequency\tand\tcosts\tof\tfuture\tclaims.\tSuch\testimates\tare\tinherently\tuncertain\tand\nchanges\tto\tour\thistorical\tor\tprojected\texperience,\tespecially\twith\trespect\tto\tproducts\tthat\twe\thave\tintroduced\trelatively\trecently\tand/or\tthat\twe\texpect\tto\nproduce\tat\tsignificantly\tgreater\tvolumes\tthan\tour\tpast\tproducts,\tmay\tcause\tmaterial\tchanges\tto\tour\twarranty\treserves\tin\tthe\tfuture.\nOur\tinsurance\tcoverage\tstrategy\tmay\tnot\tbe\tadequate\tto\tprotect\tus\tfrom\tall\tbusiness\trisks.\nWe\tmay\tbe\tsubject,\tin\tthe\tordinary\tcourse\tof\tbusiness,\tto\tlosses\tresulting\tfrom\tproducts\tliability,\taccidents,\tacts\tof\tGod\tand\tother\tclaims\tagainst\tus,\nfor\twhich\twe\tmay\thave\tno\tinsurance\tcoverage.\tAs\ta\tgeneral\tmatter,\twe\tdo\tnot\tmaintain\tas\tmuch\tinsurance\tcoverage\tas\tmany\tother\tcompanies\tdo,\tand\tin\nsome\tcases,\twe\tdo\tnot\tmaintain\tany\tat\tall.\tAdditionally,\tthe\tpolicies\tthat\twe\tdo\thave\tmay\tinclude\tsignificant\tdeductibles\tor\tself-insured\tretentions,\tpolicy\nlimitations\tand\texclusions,\tand\twe\tcannot\tbe\tcertain\tthat\tour\tinsurance\tcoverage\twill\tbe\tsufficient\tto\tcover\tall\tfuture\tlosses\tor\tclaims\tagainst\tus.\tA\tloss\nthat\tis\tuninsured\tor\twhich\texceeds\tpolicy\tlimits\tmay\trequire\tus\tto\tpay\tsubstantial\tamounts,\twhich\tmay\tharm\tour\tfinancial\tcondition\tand\toperating\tresults.\nOur\tdebt\tagreements\tcontain\tcovenant\trestrictions\tthat\tmay\tlimit\tour\tability\tto\toperate\tour\tbusiness."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d444b0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 23, "chroma:document": "The\tterms\tof\tcertain\tof\tour\tdebt\tfacilities\tcontain,\tand\tany\tof\tour\tother\tfuture\tdebt\tagreements\tmay\tcontain,\tcovenant\trestrictions\tthat\tmay\tlimit\tour\nability\tto\toperate\tour\tbusiness,\tincluding\trestrictions\ton\tour\tand/or\tour\tsubsidiaries\u2019\tability\tto,\tamong\tother\tthings,\tincur\tadditional\tdebt\tor\tcreate\tliens.\tIn\naddition,\tunder\tcertain\tcircumstances\twe\tare\trequired\tto\tmaintain\ta\tcertain\tamount\tof\tliquidity.\tAs\ta\tresult\tof\tthese\tcovenants,\tour\tability\tto\trespond\tto\nchanges\tin\tbusiness\tand\teconomic\tconditions\tand\tengage\tin\tbeneficial\ttransactions,\tincluding\tto\tobtain\tadditional\tfinancing\tas\tneeded,\tmay\tbe\trestricted.\nFurthermore,\tour\tfailure\tto\tcomply\twith\tour\tdebt\tcovenants\tcould\tresult\tin\ta\tdefault\tunder\tour\tdebt\tagreements,\twhich\tcould\tpermit\tthe\tholders\tto\naccelerate\tour\tobligation\tto\trepay\tthe\tdebt.\tIf\tany\tof\tour\tdebt\tis\taccelerated,\twe\tmay\tnot\thave\tsufficient\tfunds\tavailable\tto\trepay\tit.\nAdditional\tfunds\tmay\tnot\tbe\tavailable\tto\tus\twhen\twe\tneed\tor\twant\tthem.\nOur\tbusiness\tand\tour\tfuture\tplans\tfor\texpansion\tare\tcapital-intensive,\tand\tthe\tspecific\ttiming\tof\tcash\tinflows\tand\toutflows\tmay\tfluctuate\nsubstantially\tfrom\tperiod\tto\tperiod.\tWe\tmay\tneed\tor\twant\tto\traise\tadditional\tfunds\tthrough\tthe\tissuance\tof\tequity,\tequity-related\tor\tdebt\tsecurities\tor\nthrough\tobtaining\tcredit\tfrom\tfinancial\tinstitutions\tto\tfund,\ttogether\twith\tour\tprincipal\tsources\tof\tliquidity,\tthe\tcosts\tof\tdeveloping\tand\tmanufacturing\tour\ncurrent\tor\tfuture\tproducts,\tto\tpay\tany\tsignificant\tunplanned\tor\taccelerated\texpenses\tor\tfor\tnew\tsignificant\tstrategic\tinvestments,\tor\tto\trefinance\tour"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d44514-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 23, "chroma:document": "significant\tconsolidated\tindebtedness,\teven\tif\tnot\trequired\tto\tdo\tso\tby\tthe\tterms\tof\tsuch\tindebtedness.\tWe\tcannot\tbe\tcertain\tthat\tadditional\tfunds\twill\tbe\navailable\tto\tus\ton\tfavorable\tterms\twhen\trequired,\tor\tat\tall.\tIf\twe\tcannot\traise\tadditional\tfunds\twhen\twe\tneed\tthem,\tour\tfinancial\tcondition,\tresults\tof\noperations,\tbusiness\tand\tprospects\tcould\tbe\tmaterially\tand\tadversely\taffected.\nWe\tmay\tbe\tnegatively\timpacted\tby\tany\tearly\tobsolescence\tof\tour\tmanufacturing\tequipment.\nWe\tdepreciate\tthe\tcost\tof\tour\tmanufacturing\tequipment\tover\ttheir\texpected\tuseful\tlives.\tHowever,\tproduct\tcycles\tor\tmanufacturing\ttechnology\tmay\nchange\tperiodically,\tand\twe\tmay\tdecide\tto\tupdate\tour\tproducts\tor\tmanufacturing\tprocesses\tmore\tquickly\tthan\texpected.\tMoreover,\timprovements\tin\nengineering\tand\tmanufacturing\texpertise\tand\tefficiency\tmay\tresult\tin\tour\tability\tto\tmanufacture\tour\tproducts\tusing\tless\tof\tour\tcurrently\tinstalled\nequipment.\tAlternatively,\tas\twe\tramp\tand\tmature\tthe\tproduction\tof\tour\tproducts\tto\thigher\tlevels,\twe\tmay\tdiscontinue\tthe\tuse\tof\talready\tinstalled\nequipment\tin\tfavor\tof\tdifferent\tor\tadditional\tequipment.\tThe\tuseful\tlife\tof\tany\tequipment\tthat\twould\tbe\tretired\tearly\tas\ta\tresult\twould\tbe\tshortened,\ncausing\tthe\tdepreciation\ton\tsuch\tequipment\tto\tbe\taccelerated,\tand\tour\tresults\tof\toperations\tmay\tbe\tharmed.\nThere\tis\tno\tguarantee\tthat\twe\twill\thave\tsufficient\tcash\tflow\tfrom\tour\tbusiness\tto\tpay\tour\tindebtedness\tor\tthat\twe\twill\tnot\tincur\nadditional\tindebtedness.\nAs\tof\tDecember\t31,\t2023,\twe\tand\tour\tsubsidiaries\thad\toutstanding\t$4.68\tbillion\tin\taggregate\tprincipal\tamount\tof\tindebtedness\t(see\tNote\t11,\t\nDebt\n,"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4456e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 23, "chroma:document": "Debt\n,\nto\tthe\tconsolidated\tfinancial\tstatements\tincluded\telsewhere\tin\tthis\tAnnual\tReport\ton\tForm\t10-K).\tOur\tconsolidated\tindebtedness\tmay\tincrease\tour\nvulnerability\tto\tany\tgenerally\tadverse\teconomic\tand\tindustry\tconditions.\tWe\tand\tour\tsubsidiaries\tmay,\tsubject\tto\tthe\tlimitations\tin\tthe\tterms\tof\tour\nexisting\tand\tfuture\tindebtedness,\tincur\tadditional\tdebt,\tsecure\texisting\tor\tfuture\tdebt\tor\trecapitalize\tour\tdebt.\n23"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d445d2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 24, "chroma:document": "Table\tof\tContents\nOur\tability\tto\tmake\tscheduled\tpayments\tof\tthe\tprincipal\tand\tinterest\ton\tour\tindebtedness\twhen\tdue,\tto\tmake\tpayments\tupon\tconversion\tor\nrepurchase\tdemands\twith\trespect\tto\tour\tconvertible\tsenior\tnotes\tor\tto\trefinance\tour\tindebtedness\tas\twe\tmay\tneed\tor\tdesire,\tdepends\ton\tour\tfuture\nperformance,\twhich\tis\tsubject\tto\teconomic,\tfinancial,\tcompetitive\tand\tother\tfactors\tbeyond\tour\tcontrol.\tOur\tbusiness\tmay\tnot\tcontinue\tto\tgenerate\tcash\nflow\tfrom\toperations\tin\tthe\tfuture\tsufficient\tto\tsatisfy\tour\tobligations\tunder\tour\texisting\tindebtedness\tand\tany\tfuture\tindebtedness\twe\tmay\tincur,\tand\tto\nmake\tnecessary\tcapital\texpenditures.\tIf\twe\tare\tunable\tto\tgenerate\tsuch\tcash\tflow,\twe\tmay\tbe\trequired\tto\tadopt\tone\tor\tmore\talternatives,\tsuch\tas\nreducing\tor\tdelaying\tinvestments\tor\tcapital\texpenditures,\tselling\tassets,\trefinancing\tor\tobtaining\tadditional\tequity\tcapital\ton\tterms\tthat\tmay\tbe\tonerous\nor\thighly\tdilutive.\tOur\tability\tto\trefinance\texisting\tor\tfuture\tindebtedness\twill\tdepend\ton\tthe\tcapital\tmarkets\tand\tour\tfinancial\tcondition\tat\tsuch\ttime.\tIn\naddition,\tour\tability\tto\tmake\tpayments\tmay\tbe\tlimited\tby\tlaw,\tby\tregulatory\tauthority\tor\tby\tagreements\tgoverning\tour\tfuture\tindebtedness.\tWe\tmay\tnot\nbe\table\tto\tengage\tin\tthese\tactivities\ton\tdesirable\tterms\tor\tat\tall,\twhich\tmay\tresult\tin\ta\tdefault\ton\tour\texisting\tor\tfuture\tindebtedness\tand\tharm\tour\nfinancial\tcondition\tand\toperating\tresults.\nWe\tare\texposed\tto\tfluctuations\tin\tcurrency\texchange\trates.\nWe\ttransact\tbusiness\tglobally\tin\tmultiple\tcurrencies\tand\thave\tforeign\tcurrency\trisks\trelated\tto\tour\trevenue,\tcosts\tof\trevenue,\toperating\texpenses"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d44640-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 24, "chroma:document": "and\tlocalized\tsubsidiary\tdebt\tdenominated\tin\tcurrencies\tother\tthan\tthe\tU.S.\tdollar.\tTo\tthe\textent\twe\thave\tsignificant\trevenues\tdenominated\tin\tsuch\nforeign\tcurrencies,\tany\tstrengthening\tof\tthe\tU.S.\tdollar\twould\ttend\tto\treduce\tour\trevenues\tas\tmeasured\tin\tU.S.\tdollars,\tas\twe\thave\thistorically\nexperienced,\tand\tare\tcurrently\texperiencing.\tIn\taddition,\ta\tportion\tof\tour\tcosts\tand\texpenses\thave\tbeen,\tand\twe\tanticipate\twill\tcontinue\tto\tbe,\ndenominated\tin\tforeign\tcurrencies.\tIf\twe\tdo\tnot\thave\tfully\toffsetting\trevenues\tin\tthese\tcurrencies\tand\tif\tthe\tvalue\tof\tthe\tU.S.\tdollar\tdepreciates\nsignificantly\tagainst\tthese\tcurrencies,\tour\tcosts\tas\tmeasured\tin\tU.S.\tdollars\tas\ta\tpercent\tof\tour\trevenues\twill\tcorrespondingly\tincrease\tand\tour\tmargins\nwill\tsuffer.\tAs\ta\tresult,\tour\toperating\tresults\tmay\tbe\tharmed.\nWe\tmay\tnot\tbe\table\tto\tadequately\tprotect\tor\tdefend\tourselves\tagainst\tintellectual\tproperty\tinfringement\tclaims,\twhich\tmay\tbe\ntime-consuming\tand\texpensive,\tor\taffect\tthe\tfreedom\tto\toperate\tour\tbusiness.\nOur\tcompetitors\tor\tother\tthird\tparties\tmay\thold\tor\tobtain\tpatents,\tcopyrights,\ttrademarks\tor\tother\tproprietary\trights\tthat\tcould\tprevent,\tlimit\tor\ninterfere\twith\tour\tability\tto\tmake,\tuse,\tdevelop,\tsell\tor\tmarket\tour\tproducts\tand\tservices,\twhich\tcould\tmake\tit\tmore\tdifficult\tfor\tus\tto\toperate\tour\tbusiness.\nFrom\ttime\tto\ttime,\tthe\tholders\tof\tsuch\tintellectual\tproperty\trights\tmay\tassert\ttheir\trights\tand\turge\tus\tto\ttake\tlicenses\tand/or\tmay\tbring\tsuits\talleging\ninfringement\tor\tmisappropriation\tof\tsuch\trights,\twhich\tcould\tresult\tin\tsubstantial\tcosts,\tnegative\tpublicity\tand\tmanagement\tattention,\tregardless\tof\tmerit."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4469a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 24, "chroma:document": "In\taddition,\tthe\teffective\tprotection\tfor\tour\tbrands,\ttechnologies,\tand\tproprietary\tinformation\tmay\tbe\tlimited\tor\tunavailable\tin\tcertain\tcountries,\nmaking\tit\tdifficult\tto\tprotect\tour\tintellectual\tproperty\tfrom\tmisappropriation\tor\tinfringement.\tAlthough\twe\tmake\treasonable\tefforts\tto\tmaintain\tthe\nconfidentiality\tof\tour\tproprietary\tinformation,\twe\tcannot\tguarantee\tthat\tthese\tactions\twill\tdeter\tor\tprevent\tmisappropriation\tof\tour\tintellectual\tproperty.\nThe\ttheft\tor\tunauthorized\tuse\tor\tpublication\tof\tour\ttrade\tsecrets\tand\tconfidential\tinformation\tcould\taffect\tour\tcompetitive\tposition.\nWhile\twe\tendeavor\tto\tobtain\tand\tprotect\tthe\tintellectual\tproperty\trights\tthat\twe\texpect\twill\tallow\tus\tto\tretain\tor\tadvance\tour\tstrategic\tinitiatives\tin\nthese\tcircumstances,\tthere\tcan\tbe\tno\tassurance\tthat\twe\twill\tbe\table\tto\tadequately\tidentify\tand\tprotect\tthe\tportions\tof\tintellectual\tproperty\tthat\tare\nstrategic\tto\tour\tbusiness,\tor\tmitigate\tthe\trisk\tof\tpotential\tsuits\tor\tother\tlegal\tdemands\tby\tthird\tparties.\tAccordingly,\twe\tmay\tconsider\tthe\tentering\tinto\nlicensing\tagreements\twith\trespect\tto\tsuch\trights,\talthough\tno\tassurance\tcan\tbe\tgiven\tthat\tsuch\tlicenses\tcan\tbe\tobtained\ton\tacceptable\tterms\tor\tthat\nlitigation\twill\tnot\toccur,\tand\tsuch\tlicenses\tand\tassociated\tlitigation\tcould\tsignificantly\tincrease\tour\toperating\texpenses.\tFurther,\tif\twe\tare\tdetermined\tto\nhave\tor\tbelieve\tthere\tis\ta\thigh\tlikelihood\tthat\twe\thave\tinfringed\tupon\ta\tthird\tparty\u2019s\tintellectual\tproperty\trights,\twe\tmay\tbe\trequired\tto\tcease\tmaking,\nselling\tor\tincorporating\tcertain\tcomponents\tor\tintellectual\tproperty\tinto\tthe\tgoods\tand\tservices\twe\toffer,\tto\tpay\tsubstantial\tdamages\tand/or\tlicense"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d446fe-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 24, "chroma:document": "royalties,\tto\tredesign\tour\tproducts\tand\tservices\tand/or\tto\testablish\tand\tmaintain\talternative\tbranding\tfor\tour\tproducts\tand\tservices.\tIn\tthe\tevent\tthat\twe\nare\trequired\tto\ttake\tone\tor\tmore\tsuch\tactions,\tour\tbrand,\tbusiness,\tfinancial\tcondition\tand\toperating\tresults\tmay\tbe\tharmed.\nIncreased\tscrutiny\tand\tchanging\texpectations\tfrom\tstakeholders\twith\trespect\tto\tthe\tCompany\u2019s\tESG\tpractices\tmay\tresult\tin\nadditional\tcosts\tor\trisks.\nCompanies\tacross\tmany\tindustries\tare\tfacing\tincreasing\tscrutiny\trelated\tto\ttheir\tenvironmental,\tsocial\tand\tgovernance\t(ESG)\tpractices.\tInvestor\nadvocacy\tgroups,\tcertain\tinstitutional\tinvestors,\tinvestment\tfunds\tand\tother\tinfluential\tinvestors\tare\talso\tincreasingly\tfocused\ton\tESG\tpractices\tand\tin\nrecent\tyears\thave\tplaced\tincreasing\timportance\ton\tthe\tnon-financial\timpacts\tof\ttheir\tinvestments.\tWhile\tour\tmission\tis\tto\taccelerate\tthe\tworld\u2019s\ttransition\nto\tsustainable\tenergy,\tif\tour\tESG\tpractices\tdo\tnot\tmeet\tinvestor\tor\tother\tindustry\tstakeholder\texpectations,\twhich\tcontinue\tto\tevolve,\twe\tmay\tincur\nadditional\tcosts\tand\tour\tbrand,\tability\tto\tattract\tand\tretain\tqualified\temployees\tand\tbusiness\tmay\tbe\tharmed.\n24"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d44762-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 25, "chroma:document": "Table\tof\tContents\nOur\toperations\tcould\tbe\tadversely\taffected\tby\tevents\toutside\tof\tour\tcontrol,\tsuch\tas\tnatural\tdisasters,\twars\tor\thealth\tepidemics.\nWe\tmay\tbe\timpacted\tby\tnatural\tdisasters,\twars,\thealth\tepidemics,\tweather\tconditions,\tthe\tlong-term\teffects\tof\tclimate\tchange,\tpower\toutages\tor\nother\tevents\toutside\tof\tour\tcontrol.\tFor\texample,\tour\tFremont\tFactory\tand\tGigafactory\tNevada\tare\tlocated\tin\tseismically\tactive\tregions\tin\tNorthern\nCalifornia\tand\tNevada,\tand\tour\tGigafactory\tShanghai\tis\tlocated\tin\ta\tflood-prone\tarea.\tMoreover,\tthe\tarea\tin\twhich\tour\tGigafactory\tTexas\tis\tlocated\nexperienced\tsevere\twinter\tstorms\tin\tthe\tfirst\tquarter\tof\t2021\tthat\thad\ta\twidespread\timpact\ton\tutilities\tand\ttransportation.\tIf\tmajor\tdisasters\tsuch\tas\nearthquakes,\tfloods\tor\tother\tclimate-related\tevents\toccur,\tor\tour\tinformation\tsystem\tor\tcommunication\tbreaks\tdown\tor\toperates\timproperly,\tour\nheadquarters\tand\tproduction\tfacilities\tmay\tbe\tseriously\tdamaged,\tor\twe\tmay\thave\tto\tstop\tor\tdelay\tproduction\tand\tshipment\tof\tour\tproducts.\tIn\taddition,\nthe\tglobal\tCOVID-19\tpandemic\thas\timpacted\teconomic\tmarkets,\tmanufacturing\toperations,\tsupply\tchains,\temployment\tand\tconsumer\tbehavior\tin\tnearly\nevery\tgeographic\tregion\tand\tindustry\tacross\tthe\tworld,\tand\twe\thave\tbeen,\tand\tmay\tin\tthe\tfuture\tbe,\tadversely\taffected\tas\ta\tresult.\tAlso,\tthe\tbroader\nconsequences\tin\tthe\tcurrent\tconflict\tbetween\tRussia\tand\tUkraine,\twhich\tmay\tinclude\tfurther\tembargoes,\tregional\tinstability\tand\tgeopolitical\tshifts;\nairspace\tbans\trelating\tto\tcertain\troutes,\tor\tstrategic\tdecisions\tto\talter\tcertain\troutes;\tand\tpotential\tretaliatory\taction\tby\tthe\tRussian\tgovernment\tagainst"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d447bc-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 25, "chroma:document": "companies,\tand\tthe\textent\tof\tthe\tconflict\ton\tour\tbusiness\tand\toperating\tresults\tcannot\tbe\tpredicted.\tWe\tmay\tincur\texpenses\tor\tdelays\trelating\tto\tsuch\nevents\toutside\tof\tour\tcontrol,\twhich\tcould\thave\ta\tmaterial\tadverse\timpact\ton\tour\tbusiness,\toperating\tresults\tand\tfinancial\tcondition.\nRisks\tRelated\tto\tGovernment\tLaws\tand\tRegulations\nDemand\tfor\tour\tproducts\tand\tservices\tmay\tbe\timpacted\tby\tthe\tstatus\tof\tgovernment\tand\teconomic\tincentives\tsupporting\tthe\ndevelopment\tand\tadoption\tof\tsuch\tproducts.\nGovernment\tand\teconomic\tincentives\tthat\tsupport\tthe\tdevelopment\tand\tadoption\tof\telectric\tvehicles\tin\tthe\tU.S.\tand\tabroad,\tincluding\tcertain\ttax\nexemptions,\ttax\tcredits\tand\trebates,\tmay\tbe\treduced,\teliminated,\tamended\tor\texhausted\tfrom\ttime\tto\ttime.\tFor\texample,\tpreviously\tavailable\tincentives\nfavoring\telectric\tvehicles\tin\tcertain\tareas\thave\texpired\tor\twere\tcancelled\tor\ttemporarily\tunavailable,\tand\tin\tsome\tcases\twere\tnot\teventually\treplaced\tor\nreinstituted,\twhich\tmay\thave\tnegatively\timpacted\tsales.\tIn\taddition,\tcertain\tgovernment\tand\teconomic\tincentives\tmay\talso\tbe\timplemented\tor\tamended\nto\tprovide\tbenefits\tto\tmanufacturers\twho\tassemble\tdomestically,\thave\tlocal\tsuppliers\tor\thave\tother\tcharacteristics\tthat\tmay\tnot\tapply\tto\tTesla.\tSuch\ndevelopments\tcould\tnegatively\timpact\tdemand\tfor\tour\tvehicles,\tand\twe\tand\tour\tcustomers\tmay\thave\tto\tadjust\tto\tthem,\tincluding\tthrough\tpricing\nmodifications.\nIn\taddition,\tcertain\tgovernmental\trebates,\ttax\tcredits\tand\tother\tfinancial\tincentives\tthat\tare\tcurrently\tavailable\twith\trespect\tto\tour\tsolar\tand\tenergy\nstorage\tproduct\tbusinesses\tallow\tus\tto\tlower\tour\tcosts\tand\tencourage\tcustomers\tto\tbuy\tour\tproducts\tand\tinvestors\tto\tinvest\tin\tour\tsolar\tfinancing\tfunds."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d44820-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 25, "chroma:document": "However,\tthese\tincentives\tmay\texpire\twhen\tthe\tallocated\tfunding\tis\texhausted,\treduced\tor\tterminated\tas\trenewable\tenergy\tadoption\trates\tincrease,\nsometimes\twithout\twarning.\tLikewise,\tin\tjurisdictions\twhere\tnet\tmetering\tis\tcurrently\tavailable,\tour\tcustomers\treceive\tbill\tcredits\tfrom\tutilities\tfor\tenergy\nthat\ttheir\tsolar\tenergy\tsystems\tgenerate\tand\texport\tto\tthe\tgrid\tin\texcess\tof\tthe\telectric\tload\tthey\tuse.\tThe\tbenefit\tavailable\tunder\tnet\tmetering\thas\tbeen\nor\thas\tbeen\tproposed\tto\tbe\treduced,\taltered\tor\teliminated\tin\tseveral\tjurisdictions,\tand\thas\talso\tbeen\tcontested\tand\tmay\tcontinue\tto\tbe\tcontested\tbefore\nthe\tFederal\tEnergy\tRegulatory\tCommission.\tAny\treductions\tor\tterminations\tof\tsuch\tincentives\tmay\tharm\tour\tbusiness,\tprospects,\tfinancial\tcondition\tand\noperating\tresults\tby\tmaking\tour\tproducts\tless\tcompetitive\tfor\tcustomers,\tincreasing\tour\tcost\tof\tcapital\tand\tadversely\timpacting\tour\tability\tto\tattract\ninvestment\tpartners\tand\tto\tform\tnew\tfinancing\tfunds\tfor\tour\tsolar\tand\tenergy\tstorage\tassets.\nFinally,\twe\tand\tour\tfund\tinvestors\tclaim\tthese\tU.S.\tfederal\ttax\tcredits\tand\tcertain\tstate\tincentives\tin\tamounts\tbased\ton\tindependently\tappraised\tfair\nmarket\tvalues\tof\tour\tsolar\tand\tenergy\tstorage\tsystems.\tSome\tgovernmental\tauthorities\thave\taudited\tsuch\tvalues\tand\tin\tcertain\tcases\thave\tdetermined\nthat\tthese\tvalues\tshould\tbe\tlower,\tand\tthey\tmay\tdo\tso\tagain\tin\tthe\tfuture.\tSuch\tdeterminations\tmay\tresult\tin\tadverse\ttax\tconsequences\tand/or\tour\nobligation\tto\tmake\tindemnification\tor\tother\tpayments\tto\tour\tfunds\tor\tfund\tinvestors.\nWe\tare\tsubject\tto\tevolving\tlaws\tand\tregulations\tthat\tcould\timpose\tsubstantial\tcosts,\tlegal\tprohibitions\tor\tunfavorable\tchanges\nupon\tour\toperations\tor\tproducts."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d448ac-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 25, "chroma:document": "upon\tour\toperations\tor\tproducts.\nAs\twe\tgrow\tour\tmanufacturing\toperations\tin\tadditional\tregions,\twe\tare\tor\twill\tbe\tsubject\tto\tcomplex\tenvironmental,\tmanufacturing,\thealth\tand\nsafety\tlaws\tand\tregulations\tat\tnumerous\tjurisdictional\tlevels\tin\tthe\tU.S.,\tChina,\tGermany\tand\tother\tlocations\tabroad,\tincluding\tlaws\trelating\tto\tthe\tuse,\nhandling,\tstorage,\trecycling,\tdisposal\tand/or\thuman\texposure\tto\thazardous\tmaterials,\tproduct\tmaterial\tinputs\tand\tpost-consumer\tproducts\tand\twith\nrespect\tto\tconstructing,\texpanding\tand\tmaintaining\tour\tfacilities.\tNew,\tor\tchanges\tin,\tenvironmental\tand\tclimate\tchange\tlaws,\tregulations\tor\trules\tcould\nalso\tlead\tto\tincreased\tcosts\tof\tcompliance,\tincluding\tremediations\tof\tany\tdiscovered\tissues,\tand\tchanges\tto\tour\toperations,\twhich\tmay\tbe\tsignificant,\tand\nany\tfailures\tto\tcomply\tcould\tresult\tin\tsignificant\texpenses,\tdelays\tor\tfines.\tIn\taddition,\tas\twe\thave\n25"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d44910-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 26, "chroma:document": "Table\tof\tContents\nincreased\tour\temployee\theadcount\tand\toperations,\twe\tare\tand\tmay\tcontinue\tto\tbe\tsubject\tto\tincreased\tscrutiny,\tincluding\tlitigation\tand\tgovernment\ninvestigations,\tthat\twe\twill\tneed\tto\tdefend\tagainst.\tIf\twe\tare\tunable\tto\tsuccessfully\tdefend\tourselves\tin\tsuch\tlitigation\tor\tgovernment\tinvestigations,\tit\nmay\tharm\tour\tbrand,\tability\tto\tattract\tand\tretain\tqualified\temployees,\tbusiness\tand\tfinancial\tcondition.\tWe\tare\talso\tsubject\tto\tlaws\tand\tregulations\napplicable\tto\tthe\tsupply,\tmanufacture,\timport,\tsale,\tservice\tand\tperformance\tof\tour\tproducts\tboth\tdomestically\tand\tabroad.\tFor\texample,\tin\tcountries\noutside\tof\tthe\tU.S.,\twe\tare\trequired\tto\tmeet\tstandards\trelating\tto\tvehicle\tsafety,\tfuel\teconomy\tand\temissions\tthat\tare\toften\tmaterially\tdifferent\tfrom\nequivalent\trequirements\tin\tthe\tU.S.,\tthus\tresulting\tin\tadditional\tinvestment\tinto\tthe\tvehicles\tand\tsystems\tto\tensure\tregulatory\tcompliance\tin\tall\tcountries.\nThis\tprocess\tmay\tinclude\tofficial\treview\tand\tcertification\tof\tour\tvehicles\tby\tforeign\tregulatory\tagencies\tprior\tto\tmarket\tentry,\tas\twell\tas\tcompliance\twith\nforeign\treporting\tand\trecall\tmanagement\tsystems\trequirements.\nIn\tparticular,\twe\toffer\tin\tour\tvehicles\tin\tcertain\tmarkets\tAutopilot\tand\tFSD\tCapability\tfeatures\tthat\ttoday\tassist\tdrivers\twith\tcertain\ttedious\tand\npotentially\tdangerous\taspects\tof\troad\ttravel,\tbut\twhich\tcurrently\trequire\tdrivers\tto\tremain\tfully\tengaged\tin\tthe\tdriving\toperation.\tWe\tare\tcontinuing\tto\ndevelop\tour\tAutopilot\tand\tFSD\tCapability\ttechnology.\tThere\tare\ta\tvariety\tof\tinternational,\tfederal\tand\tstate\tregulations\tthat\tmay\tapply\tto,\tand\tmay\nadversely\taffect,\tthe\tdesign\tand\tperformance,\tsale,\tmarketing,\tregistration\tand\toperation\tof\tAutopilot\tand\tFSD\tCapability,\tand\tfuture\tcapability,\tincluding"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d44974-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 26, "chroma:document": "full\tself-driving\tvehicles\tthat\tmay\tnot\tbe\toperated\tby\ta\thuman\tdriver.\tThis\tincludes\tmany\texisting\tvehicle\tstandards\tthat\twere\tnot\toriginally\tintended\tto\napply\tto\tvehicles\tthat\tmay\tnot\tbe\toperated\tby\ta\thuman\tdriver.\tSuch\tregulations\tcontinue\tto\trapidly\tchange,\twhich\tincreases\tthe\tlikelihood\tof\ta\tpatchwork\nof\tcomplex\tor\tconflicting\tregulations,\tor\tmay\tdelay,\trestrict\tor\tprohibit\tthe\tavailability\tof\tcertain\tfunctionalities\tand\tvehicle\tdesigns,\twhich\tcould\tadversely\naffect\tour\tbusiness.\nFinally,\tas\ta\tmanufacturer,\tinstaller\tand\tservice\tprovider\twith\trespect\tto\tsolar\tgeneration\tand\tenergy\tstorage\tsystems,\ta\tsupplier\tof\telectricity\ngenerated\tand\tstored\tby\tcertain\tof\tthe\tsolar\tenergy\tand\tenergy\tstorage\tsystems\twe\tinstall\tfor\tcustomers,\tand\ta\tprovider\tof\tgrid\tservices\tthrough\tvirtual\npower\tplant\tmodels,\twe\tare\timpacted\tby\tfederal,\tstate\tand\tlocal\tregulations\tand\tpolicies\tconcerning\tthe\timport\tor\texport\tof\tcomponents,\telectricity\npricing,\tthe\tinterconnection\tof\telectricity\tgeneration\tand\tstorage\tequipment\twith\tthe\telectrical\tgrid\tand\tthe\tsale\tof\telectricity\tgenerated\tby\tthird\tparty-\nowned\tsystems.\tIf\tregulations\tand\tpolicies\tare\tintroduced\tthat\tadversely\timpact\tthe\timport\tor\texport\tof\tcomponents,\tor\tthe\tinterconnection,\tmaintenance\nor\tuse\tof\tour\tsolar\tand\tenergy\tstorage\tsystems,\tthey\tcould\tdeter\tpotential\tcustomers\tfrom\tpurchasing\tour\tsolar\tand\tenergy\tstorage\tproducts\tand\nservices,\tthreaten\tthe\teconomics\tof\tour\texisting\tcontracts\tand\tcause\tus\tto\tcease\tsolar\tand\tenergy\tstorage\tsystem\tsales\tand\tservices\tin\tthe\trelevant\njurisdictions,\twhich\tmay\tharm\tour\tbusiness,\tfinancial\tcondition\tand\toperating\tresults.\nAny\tfailure\tby\tus\tto\tcomply\twith\ta\tvariety\tof\tU.S.\tand\tinternational\tprivacy\tand\tconsumer\tprotection\tlaws\tmay\tharm\tus."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d449d8-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 26, "chroma:document": "Any\tfailure\tby\tus\tor\tour\tvendors\tor\tother\tbusiness\tpartners\tto\tcomply\twith\tour\tpublic\tprivacy\tnotice\tor\twith\tfederal,\tstate\tor\tinternational\tprivacy,\ndata\tprotection\tor\tsecurity\tlaws\tor\tregulations\trelating\tto\tthe\tprocessing,\tcollection,\tuse,\tretention,\tsecurity\tand\ttransfer\tof\tpersonally\tidentifiable\ninformation\tcould\tresult\tin\tregulatory\tor\tlitigation-related\tactions\tagainst\tus,\tlegal\tliability,\tfines,\tdamages,\tongoing\taudit\trequirements\tand\tother\nsignificant\tcosts.\tSubstantial\texpenses\tand\toperational\tchanges\tmay\tbe\trequired\tin\tconnection\twith\tmaintaining\tcompliance\twith\tsuch\tlaws,\tand\teven\tan\nunsuccessful\tchallenge\tby\tcustomers\tor\tregulatory\tauthorities\tof\tour\tactivities\tcould\tresult\tin\tadverse\tpublicity\tand\tcould\trequire\ta\tcostly\tresponse\tfrom\nand\tdefense\tby\tus.\tIn\taddition,\tcertain\tprivacy\tlaws\tare\tstill\tsubject\tto\ta\thigh\tdegree\tof\tuncertainty\tas\tto\ttheir\tinterpretation,\tapplication\tand\timpact,\tand\nmay\trequire\textensive\tsystem\tand\toperational\tchanges,\tbe\tdifficult\tto\timplement,\tincrease\tour\toperating\tcosts,\tadversely\timpact\tthe\tcost\tor\nattractiveness\tof\tthe\tproducts\tor\tservices\twe\toffer,\tor\tresult\tin\tadverse\tpublicity\tand\tharm\tour\treputation.\tFor\texample,\tthe\tGeneral\tData\tProtection\nRegulation\tapplies\tto\tthe\tprocessing\tof\tpersonal\tinformation\tcollected\tfrom\tindividuals\tlocated\tin\tthe\tEuropean\tUnion\trequiring\tcertain\tdata\tprotection\nmeasures\twhen\thandling,\twith\ta\tsignificant\trisk\tof\tfines\tfor\tnoncompliance.\tSimilarly,\tour\tNorth\tAmerican\toperations\tare\tsubject\tto\tcomplex\tand\tchanging\nfederal\tand\tUS\tstate-specific\tdata\tprivacy\tlaws\tand\tregulations,\tsuch\tas\tthe\tCalifornia\tConsumer\tPrivacy\tAct\twhich\timposes\tcertain\tlegal\tobligations\ton\nour\tuse\tand\tprocessing\tof\tpersonal\tinformation\trelated\tto\tCalifornia\tresidents.\tFinally,\tadditional\tprivacy\tand\tcybersecurity\tlaws\thave\tcome\tinto\teffect\tin\nChina."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d44a3c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 26, "chroma:document": "China.\nThese\tlaws\tcontinue\tto\tdevelop\tand\tmay\tbe\tinconsistent\tfrom\tjurisdiction\tto\tjurisdiction.\tComplying\twith\temerging\tand\tchanging\trequirements\tmay\ncause\tus\tto\tincur\tsubstantial\tcosts\tand\tmake\tenhancements\tto\trelevant\tdata\tpractices.\tNoncompliance\tcould\tresult\tin\tsignificant\tpenalties\tor\tlegal\nliability.\nIn\taddition\tto\tthe\trisks\trelated\tto\tgeneral\tprivacy\tregulation,\twe\tmay\talso\tbe\tsubject\tto\tspecific\tvehicle\tmanufacturer\tobligations\trelating\tto\ncybersecurity,\tdata\tprivacy\tand\tdata\tlocalization\trequirements\twhich\tplace\tadditional\trisks\tto\tour\tinternational\toperations.\tRisks\tand\tpenalties\tcould\ninclude\tongoing\taudit\trequirements,\tdata\tprotection\n26"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d44a96-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 27, "chroma:document": "Table\tof\tContents\nauthority\tinvestigations,\tlegal\tproceedings\tby\tinternational\tgovernmental\tentities\tor\tothers\tresulting\tin\tmandated\tdisclosure\tof\tsensitive\tdata\tor\tother\ncommercially\tunfavorable\tterms.\tNotwithstanding\tour\tefforts\tto\tprotect\tthe\tsecurity\tand\tintegrity\tof\tour\tcustomers\u2019\tpersonal\tinformation,\twe\tmay\tbe\nrequired\tto\texpend\tsignificant\tresources\tto\tcomply\twith\tdata\tbreach\trequirements\tif,\tfor\texample,\tthird\tparties\timproperly\tobtain\tand\tuse\tthe\tpersonal\ninformation\tof\tour\tcustomers\tor\twe\totherwise\texperience\ta\tdata\tloss\twith\trespect\tto\tthe\tpersonal\tinformation\twe\tprocess\tand\thandle.\tA\tmajor\tbreach\tof\nour\tnetwork\tsecurity\tand\tsystems\tmay\toccur\tdespite\tdefensive\tmeasures,\tand\tmay\tresult\tin\tfines,\tpenalties\tand\tdamages\tand\tharm\tour\tbrand,\tprospects\nand\toperating\tresults.\nWe\tcould\tbe\tsubject\tto\tliability,\tpenalties\tand\tother\trestrictive\tsanctions\tand\tadverse\tconsequences\tarising\tout\tof\tcertain\ngovernmental\tinvestigations\tand\tproceedings.\nWe\tare\tcooperating\twith\tcertain\tgovernment\tinvestigations\tas\tdiscussed\tin\tNote\t15,\t\nCommitments\tand\tContingencies\n,\tto\tthe\tconsolidated\tfinancial\nstatements\tincluded\telsewhere\tin\tthis\tAnnual\tReport\ton\tForm\t10-K.\tTo\tour\tknowledge,\tno\tgovernment\tagency\tin\tany\tsuch\tongoing\tinvestigation\thas\nconcluded\tthat\tany\twrongdoing\toccurred.\tHowever,\twe\tcannot\tpredict\tthe\toutcome\tor\timpact\tof\tany\tsuch\tongoing\tmatters,\tand\tthere\texists\tthe\tpossibility\nthat\twe\tcould\tbe\tsubject\tto\tliability,\tpenalties\tand\tother\trestrictive\tsanctions\tand\tadverse\tconsequences\tif\tthe\tSEC,\tthe\tU.S.\tDepartment\tof\tJustice\tor\tany\nother\tgovernment\tagency\twere\tto\tpursue\tlegal\taction\tin\tthe\tfuture.\tMoreover,\twe\texpect\tto\tincur\tcosts\tin\tresponding\tto\trelated\trequests\tfor\tinformation"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d44afa-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 27, "chroma:document": "and\tsubpoenas,\tand\tif\tinstituted,\tin\tdefending\tagainst\tany\tgovernmental\tproceedings.\nWe\tmay\tface\tregulatory\tchallenges\tto\tor\tlimitations\ton\tour\tability\tto\tsell\tvehicles\tdirectly.\nWhile\twe\tintend\tto\tcontinue\tto\tleverage\tour\tmost\teffective\tsales\tstrategies,\tincluding\tsales\tthrough\tour\twebsite,\twe\tmay\tnot\tbe\table\tto\tsell\tour\nvehicles\tthrough\tour\town\tstores\tin\tcertain\tstates\tin\tthe\tU.S.\twith\tlaws\tthat\tmay\tbe\tinterpreted\tto\timpose\tlimitations\ton\tthis\tdirect-to-consumer\tsales\nmodel.\tIt\thas\talso\tbeen\tasserted\tthat\tthe\tlaws\tin\tsome\tstates\tlimit\tour\tability\tto\tobtain\tdealer\tlicenses\tfrom\tstate\tmotor\tvehicle\tregulators,\tand\tsuch\nassertions\tpersist.\tIn\tcertain\tlocations,\tdecisions\tby\tregulators\tpermitting\tus\tto\tsell\tvehicles\thave\tbeen,\tand\tmay\tbe,\tchallenged\tby\tdealer\tassociations\nand\tothers\tas\tto\twhether\tsuch\tdecisions\tcomply\twith\tapplicable\tstate\tmotor\tvehicle\tindustry\tlaws.\tWe\thave\tprevailed\tin\tmany\tof\tthese\tlawsuits\tand\tsuch\nresults\thave\treinforced\tour\tcontinuing\tbelief\tthat\tstate\tfranchise\tlaws\twere\tnot\tintended\tto\tapply\tto\ta\tmanufacturer\tthat\tdoes\tnot\thave\tfranchise\tdealers\nanywhere\tin\tthe\tworld.\tIn\tsome\tstates,\tthere\thave\talso\tbeen\tregulatory\tand\tlegislative\tefforts\tby\tdealer\tassociations\tto\tpropose\tlaws\tthat,\tif\tenacted,\nwould\tprevent\tus\tfrom\tobtaining\tdealer\tlicenses\tin\ttheir\tstates\tgiven\tour\tcurrent\tsales\tmodel.\tA\tfew\tstates\thave\tpassed\tlegislation\tthat\tclarifies\tour\tability\nto\toperate,\tbut\tat\tthe\tsame\ttime\tlimits\tthe\tnumber\tof\tdealer\tlicenses\twe\tcan\tobtain\tor\tstores\tthat\twe\tcan\toperate.\tThe\tapplication\tof\tstate\tlaws\tapplicable\nto\tour\toperations\tcontinues\tto\tbe\tdifficult\tto\tpredict."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d44b54-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 27, "chroma:document": "Internationally,\tthere\tmay\tbe\tlaws\tin\tjurisdictions\twe\thave\tnot\tyet\tentered\tor\tlaws\twe\tare\tunaware\tof\tin\tjurisdictions\twe\thave\tentered\tthat\tmay\nrestrict\tour\tsales\tor\tother\tbusiness\tpractices.\tEven\tfor\tthose\tjurisdictions\twe\thave\tanalyzed,\tthe\tlaws\tin\tthis\tarea\tcan\tbe\tcomplex,\tdifficult\tto\tinterpret\tand\nmay\tchange\tover\ttime.\tContinued\tregulatory\tlimitations\tand\tother\tobstacles\tinterfering\twith\tour\tability\tto\tsell\tvehicles\tdirectly\tto\tconsumers\tmay\tharm\nour\tfinancial\tcondition\tand\toperating\tresults.\nRisks\tRelated\tto\tthe\tOwnership\tof\tOur\tCommon\tStock\nThe\ttrading\tprice\tof\tour\tcommon\tstock\tis\tlikely\tto\tcontinue\tto\tbe\tvolatile.\nThe\ttrading\tprice\tof\tour\tcommon\tstock\thas\tbeen\thighly\tvolatile\tand\tcould\tcontinue\tto\tbe\tsubject\tto\twide\tfluctuations\tin\tresponse\tto\tvarious\tfactors,\nsome\tof\twhich\tare\tbeyond\tour\tcontrol.\tOur\tcommon\tstock\thas\texperienced\tover\tthe\tlast\t52\tweeks\tan\tintra-day\ttrading\thigh\tof\t$299.29\tper\tshare\tand\ta\nlow\tof\t$152.37\tper\tshare.\tThe\tstock\tmarket\tin\tgeneral,\tand\tthe\tmarket\tfor\ttechnology\tcompanies\tin\tparticular,\thas\texperienced\textreme\tprice\tand\tvolume\nfluctuations\tthat\thave\toften\tbeen\tunrelated\tor\tdisproportionate\tto\tthe\toperating\tperformance\tof\tthose\tcompanies.\tIn\tparticular,\ta\tlarge\tproportion\tof\tour\ncommon\tstock\thas\tbeen\thistorically\tand\tmay\tin\tthe\tfuture\tbe\ttraded\tby\tshort\tsellers\twhich\tmay\tput\tpressure\ton\tthe\tsupply\tand\tdemand\tfor\tour\tcommon\nstock,\tfurther\tinfluencing\tvolatility\tin\tits\tmarket\tprice.\tPublic\tperception\tof\tour\tcompany\tor\tmanagement\tand\tother\tfactors\toutside\tof\tour\tcontrol\tmay\nadditionally\timpact\tthe\tstock\tprice\tof\tcompanies\tlike\tus\tthat\tgarner\ta\tdisproportionate\tdegree\tof\tpublic\tattention,\tregardless\tof\tactual\toperating"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d44bae-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 27, "chroma:document": "performance.\tIn\taddition,\tin\tthe\tpast,\tfollowing\tperiods\tof\tvolatility\tin\tthe\toverall\tmarket\tor\tthe\tmarket\tprice\tof\tour\tshares,\tsecurities\tclass\taction\tlitigation\nhas\tbeen\tfiled\tagainst\tus.\tWhile\twe\tdefend\tsuch\tactions\tvigorously,\tany\tjudgment\tagainst\tus\tor\tany\tfuture\tstockholder\tlitigation\tcould\tresult\tin\tsubstantial\ncosts\tand\ta\tdiversion\tof\tour\tmanagement\u2019s\tattention\tand\tresources.\n27"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d44c12-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 28, "chroma:document": "Table\tof\tContents\nOur\tfinancial\tresults\tmay\tvary\tsignificantly\tfrom\tperiod\tto\tperiod\tdue\tto\tfluctuations\tin\tour\toperating\tcosts\tand\tother\tfactors.\nWe\texpect\tour\tperiod-to-period\tfinancial\tresults\tto\tvary\tbased\ton\tour\toperating\tcosts,\twhich\twe\tanticipate\twill\tfluctuate\tas\tthe\tpace\tat\twhich\twe\ncontinue\tto\tdesign,\tdevelop\tand\tmanufacture\tnew\tproducts\tand\tincrease\tproduction\tcapacity\tby\texpanding\tour\tcurrent\tmanufacturing\tfacilities\tand\nadding\tfuture\tfacilities,\tmay\tnot\tbe\tconsistent\tor\tlinear\tbetween\tperiods.\tAdditionally,\tour\trevenues\tfrom\tperiod\tto\tperiod\tmay\tfluctuate\tas\twe\tintroduce\nexisting\tproducts\tto\tnew\tmarkets\tfor\tthe\tfirst\ttime\tand\tas\twe\tdevelop\tand\tintroduce\tnew\tproducts.\tAs\ta\tresult\tof\tthese\tfactors,\twe\tbelieve\tthat\tquarter-to-\nquarter\tcomparisons\tof\tour\tfinancial\tresults,\tespecially\tin\tthe\tshort\tterm,\tare\tnot\tnecessarily\tmeaningful\tand\tthat\tthese\tcomparisons\tcannot\tbe\trelied\nupon\tas\tindicators\tof\tfuture\tperformance.\tMoreover,\tour\tfinancial\tresults\tmay\tnot\tmeet\texpectations\tof\tequity\tresearch\tanalysts,\tratings\tagencies\tor\ninvestors,\twho\tmay\tbe\tfocused\tonly\ton\tshort-term\tquarterly\tfinancial\tresults.\tIf\tany\tof\tthis\toccurs,\tthe\ttrading\tprice\tof\tour\tstock\tcould\tfall\tsubstantially,\neither\tsuddenly\tor\tover\ttime.\nWe\tmay\tfail\tto\tmeet\tour\tpublicly\tannounced\tguidance\tor\tother\texpectations\tabout\tour\tbusiness,\twhich\tcould\tcause\tour\tstock\tprice\nto\tdecline.\nWe\tprovide\tfrom\ttime\tto\ttime\tguidance\tregarding\tour\texpected\tfinancial\tand\tbusiness\tperformance.\tCorrectly\tidentifying\tkey\tfactors\taffecting\nbusiness\tconditions\tand\tpredicting\tfuture\tevents\tis\tinherently\tan\tuncertain\tprocess,\tand\tour\tguidance\tmay\tnot\tultimately\tbe\taccurate\tand\thas\tin\tthe\tpast"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d44c6c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 28, "chroma:document": "been\tinaccurate\tin\tcertain\trespects,\tsuch\tas\tthe\ttiming\tof\tnew\tproduct\tmanufacturing\tramps.\tOur\tguidance\tis\tbased\ton\tcertain\tassumptions\tsuch\tas\tthose\nrelating\tto\tanticipated\tproduction\tand\tsales\tvolumes\t(which\tgenerally\tare\tnot\tlinear\tthroughout\ta\tgiven\tperiod),\taverage\tsales\tprices,\tsupplier\tand\ncommodity\tcosts\tand\tplanned\tcost\treductions.\tIf\tour\tguidance\tvaries\tfrom\tactual\tresults,\tsuch\tas\tdue\tto\tour\tassumptions\tnot\tbeing\tmet\tor\tthe\timpact\ton\nour\tfinancial\tperformance\tthat\tcould\toccur\tas\ta\tresult\tof\tvarious\trisks\tand\tuncertainties,\tthe\tmarket\tvalue\tof\tour\tcommon\tstock\tcould\tdecline\tsignificantly.\nIf\tElon\tMusk\twere\tforced\tto\tsell\tshares\tof\tour\tcommon\tstock,\teither\tthat\the\thas\tpledged\tto\tsecure\tcertain\tpersonal\tloan\tobligations,\nor\tin\tsatisfaction\tof\tother\tobligations,\tsuch\tsales\tcould\tcause\tour\tstock\tprice\tto\tdecline.\nCertain\tbanking\tinstitutions\thave\tmade\textensions\tof\tcredit\tto\tElon\tMusk,\tour\tChief\tExecutive\tOfficer,\ta\tportion\tof\twhich\twas\tused\tto\tpurchase\nshares\tof\tcommon\tstock\tin\tcertain\tof\tour\tpublic\tofferings\tand\tprivate\tplacements\tat\tthe\tsame\tprices\toffered\tto\tthird-party\tparticipants\tin\tsuch\tofferings\nand\tplacements.\tWe\tare\tnot\ta\tparty\tto\tthese\tloans,\twhich\tare\tpartially\tsecured\tby\tpledges\tof\ta\tportion\tof\tthe\tTesla\tcommon\tstock\tcurrently\towned\tby\tMr.\nMusk.\tIf\tthe\tprice\tof\tour\tcommon\tstock\twere\tto\tdecline\tsubstantially,\tMr.\tMusk\tmay\tbe\tforced\tby\tone\tor\tmore\tof\tthe\tbanking\tinstitutions\tto\tsell\tshares\tof\nTesla\tcommon\tstock\tto\tsatisfy\this\tloan\tobligations\tif\the\tcould\tnot\tdo\tso\tthrough\tother\tmeans.\tAny\tsuch\tsales\tcould\tcause\tthe\tprice\tof\tour\tcommon\tstock"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d44db6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 28, "chroma:document": "to\tdecline\tfurther.\tFurther,\tMr.\tMusk\tfrom\ttime\tto\ttime\tmay\tcommit\tto\tinvesting\tin\tsignificant\tbusiness\tor\tother\tventures,\tand\tas\ta\tresult,\tbe\trequired\tto\nsell\tshares\tof\tour\tcommon\tstock\tin\tsatisfaction\tof\tsuch\tcommitments.\nAnti-takeover\tprovisions\tcontained\tin\tour\tgoverning\tdocuments,\tapplicable\tlaws\tand\tour\tconvertible\tsenior\tnotes\tcould\timpair\ta\ntakeover\tattempt.\nOur\tcertificate\tof\tincorporation\tand\tbylaws\tafford\tcertain\trights\tand\tpowers\tto\tour\tboard\tof\tdirectors\tthat\tmay\tfacilitate\tthe\tdelay\tor\tprevention\tof\tan\nacquisition\tthat\tit\tdeems\tundesirable.\tWe\tare\talso\tsubject\tto\tSection\t203\tof\tthe\tDelaware\tGeneral\tCorporation\tLaw\tand\tother\tprovisions\tof\tDelaware\tlaw\nthat\tlimit\tthe\tability\tof\tstockholders\tin\tcertain\tsituations\tto\teffect\tcertain\tbusiness\tcombinations.\tIn\taddition,\tthe\tterms\tof\tour\tconvertible\tsenior\tnotes\tmay\nrequire\tus\tto\trepurchase\tsuch\tnotes\tin\tthe\tevent\tof\ta\tfundamental\tchange,\tincluding\ta\ttakeover\tof\tour\tcompany.\tAny\tof\tthe\tforegoing\tprovisions\tand\nterms\tthat\thas\tthe\teffect\tof\tdelaying\tor\tdeterring\ta\tchange\tin\tcontrol\tcould\tlimit\tthe\topportunity\tfor\tour\tstockholders\tto\treceive\ta\tpremium\tfor\ttheir\tshares\nof\tour\tcommon\tstock,\tand\tcould\talso\taffect\tthe\tprice\tthat\tsome\tinvestors\tare\twilling\tto\tpay\tfor\tour\tcommon\tstock.\nITEM\t1B.\tUNRESOLVED\tSTAFF\tCOMMENTS\nNone.\n28"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d44e4c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 29, "chroma:document": "ITEM\t1C.\tCYBERSECURITY\nCybersecurity\tRisk\tManagement\tand\tStrategy\nWe\trecognize\tthe\timportance\tof\tassessing,\tidentifying,\tand\tmanaging\tmaterial\trisks\tassociated\twith\tcybersecurity\tthreats,\tas\tsuch\tterm\tis\tdefined\tin\nItem\t106(a)\tof\tRegulation\tS-K.\tThese\trisks\tinclude,\tamong\tother\tthings:\toperational\trisks,\tintellectual\tproperty\ttheft,\tfraud,\textortion,\tharm\tto\temployees\nor\tcustomers\tand\tviolation\tof\tdata\tprivacy\tor\tsecurity\tlaws.\nIdentifying\tand\tassessing\tcybersecurity\trisk\tis\tintegrated\tinto\tour\toverall\trisk\tmanagement\tsystems\tand\tprocesses.\tCybersecurity\trisks\trelated\tto\tour\nbusiness,\ttechnical\toperations,\tprivacy\tand\tcompliance\tissues\tare\tidentified\tand\taddressed\tthrough\ta\tmulti-faceted\tapproach\tincluding\tthird\tparty\nassessments,\tinternal\tIT\tAudit,\tIT\tsecurity,\tgovernance,\trisk\tand\tcompliance\treviews.\tTo\tdefend,\tdetect\tand\trespond\tto\tcybersecurity\tincidents,\twe,\namong\tother\tthings:\tconduct\tproactive\tprivacy\tand\tcybersecurity\treviews\tof\tsystems\tand\tapplications,\taudit\tapplicable\tdata\tpolicies,\tperform\tpenetration\ntesting\tusing\texternal\tthird-party\ttools\tand\ttechniques\tto\ttest\tsecurity\tcontrols,\toperate\ta\tbug\tbounty\tprogram\tto\tencourage\tproactive\tvulnerability\nreporting,\tconduct\temployee\ttraining,\tmonitor\temerging\tlaws\tand\tregulations\trelated\tto\tdata\tprotection\tand\tinformation\tsecurity\t(including\tour\tconsumer\nproducts)\tand\timplement\tappropriate\tchanges.\nWe\thave\timplemented\tincident\tresponse\tand\tbreach\tmanagement\tprocesses\twhich\thave\tfour\toverarching\tand\tinterconnected\tstages:\t1)\npreparation\tfor\ta\tcybersecurity\tincident,\t2)\tdetection\tand\tanalysis\tof\ta\tsecurity\tincident,\t3)\tcontainment,\teradication\tand\trecovery,\tand\t4)\tpost-incident"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d44eb0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 29, "chroma:document": "analysis.\tSuch\tincident\tresponses\tare\toverseen\tby\tleaders\tfrom\tour\tInformation\tSecurity,\tProduct\tSecurity,\tCompliance\tand\tLegal\tteams\tregarding\nmatters\tof\tcybersecurity.\nSecurity\tevents\tand\tdata\tincidents\tare\tevaluated,\tranked\tby\tseverity\tand\tprioritized\tfor\tresponse\tand\tremediation.\tIncidents\tare\tevaluated\tto\ndetermine\tmateriality\tas\twell\tas\toperational\tand\tbusiness\timpact,\tand\treviewed\tfor\tprivacy\timpact.\nWe\talso\tconduct\ttabletop\texercises\tto\tsimulate\tresponses\tto\tcybersecurity\tincidents.\tOur\tteam\tof\tcybersecurity\tprofessionals\tthen\tcollaborate\twith\ntechnical\tand\tbusiness\tstakeholders\tacross\tour\tbusiness\tunits\tto\tfurther\tanalyze\tthe\trisk\tto\tthe\tcompany,\tand\tform\tdetection,\tmitigation\tand\tremediation\nstrategies.\nAs\tpart\tof\tthe\tabove\tprocesses,\twe\tregularly\tengage\texternal\tauditors\tand\tconsultants\tto\tassess\tour\tinternal\tcybersecurity\tprograms\tand\ncompliance\twith\tapplicable\tpractices\tand\tstandards.\tAs\tof\t2023,\tour\tInformation\tSecurity\tManagement\tSystem\thas\tbeen\tcertified\tto\tconform\tto\tthe\nrequirements\tof\tISO/IEC\t27001:2013.\nOur\trisk\tmanagement\tprogram\talso\tassesses\tthird\tparty\trisks,\tand\twe\tperform\tthird-party\trisk\tmanagement\tto\tidentify\tand\tmitigate\trisks\tfrom\tthird\nparties\tsuch\tas\tvendors,\tsuppliers,\tand\tother\tbusiness\tpartners\tassociated\twith\tour\tuse\tof\tthird-party\tservice\tproviders.\tCybersecurity\trisks\tare\tevaluated\nwhen\tdetermining\tthe\tselection\tand\toversight\tof\tapplicable\tthird-party\tservice\tproviders\tand\tpotential\tfourth-party\trisks\twhen\thandling\tand/or\tprocessing\nour\temployee,\tbusiness\tor\tcustomer\tdata.\tIn\taddition\tto\tnew\tvendor\tonboarding,\twe\tperform\trisk\tmanagement\tduring\tthird-party\tcybersecurity\ncompromise\tincidents\tto\tidentify\tand\tmitigate\trisks\tto\tus\tfrom\tthird-party\tincidents."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d44f14-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 29, "chroma:document": "We\tdescribe\twhether\tand\thow\trisks\tfrom\tidentified\tcybersecurity\tthreats,\tincluding\tas\ta\tresult\tof\tany\tprevious\tcybersecurity\tincidents,\thave\nmaterially\taffected\tor\tare\treasonably\tlikely\tto\tmaterially\taffect\tus,\tincluding\tour\tbusiness\tstrategy,\tresults\tof\toperations,\tor\tfinancial\tcondition,\tunder\tthe\nheading\t\u201cOur\tinformation\ttechnology\tsystems\tor\tdata,\tor\tthose\tof\tour\tservice\tproviders\tor\tcustomers\tor\tusers\tcould\tbe\tsubject\tto\tcyber-attacks\tor\tother\nsecurity\tincidents,\twhich\tcould\tresult\tin\tdata\tbreaches,\tintellectual\tproperty\ttheft,\tclaims,\tlitigation,\tregulatory\tinvestigations,\tsignificant\tliability,\nreputational\tdamage\tand\tother\tadverse\tconsequences\u201d\tincluded\tas\tpart\tof\tour\trisk\tfactor\tdisclosures\tat\tItem\t1A\tof\tthis\tAnnual\tReport\ton\tForm\t10-K.\nCybersecurity\tGovernance\nCybersecurity\tis\tan\timportant\tpart\tof\tour\trisk\tmanagement\tprocesses\tand\tan\tarea\tof\tfocus\tfor\tour\tBoard\tand\tmanagement.\tOur\tAudit\tCommittee\tis\nresponsible\tfor\tthe\toversight\tof\trisks\tfrom\tcybersecurity\tthreats.\tMembers\tof\tthe\tAudit\tCommittee\treceive\tupdates\ton\ta\tquarterly\tbasis\tfrom\tsenior\nmanagement,\tincluding\tleaders\tfrom\tour\tInformation\tSecurity,\tProduct\tSecurity,\tCompliance\tand\tLegal\tteams\tregarding\tmatters\tof\tcybersecurity.\tThis\nincludes\texisting\tand\tnew\tcybersecurity\trisks,\tstatus\ton\thow\tmanagement\tis\taddressing\tand/or\tmitigating\tthose\trisks,\tcybersecurity\tand\tdata\tprivacy\nincidents\t(if\tany)\tand\tstatus\ton\tkey\tinformation\tsecurity\tinitiatives.\tOur\tBoard\tmembers\talso\tengage\tin\tad\thoc\tconversations\twith\tmanagement\ton\ncybersecurity-related\tnews\tevents\tand\tdiscuss\tany\tupdates\tto\tour\tcybersecurity\trisk\tmanagement\tand\tstrategy\tprograms.\n29"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d44f6e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 30, "chroma:document": "Our\tcybersecurity\trisk\tmanagement\tand\tstrategy\tprocesses\tare\toverseen\tby\tleaders\tfrom\tour\tInformation\tSecurity,\tProduct\tSecurity,\tCompliance\nand\tLegal\tteams.\tSuch\tindividuals\thave\tan\taverage\tof\tover\t15\tyears\tof\tprior\twork\texperience\tin\tvarious\troles\tinvolving\tinformation\ttechnology,\tincluding\nsecurity,\tauditing,\tcompliance,\tsystems\tand\tprogramming.\tThese\tindividuals\tare\tinformed\tabout,\tand\tmonitor\tthe\tprevention,\tmitigation,\tdetection\tand\nremediation\tof\tcybersecurity\tincidents\tthrough\ttheir\tmanagement\tof,\tand\tparticipation\tin,\tthe\tcybersecurity\trisk\tmanagement\tand\tstrategy\tprocesses\ndescribed\tabove,\tincluding\tthe\toperation\tof\tour\tincident\tresponse\tplan,\tand\treport\tto\tthe\tAudit\tCommittee\ton\tany\tappropriate\titems.\nITEM\t2.\tPROPERTIES\nWe\tare\theadquartered\tin\tAustin,\tTexas.\tOur\tprincipal\tfacilities\tinclude\ta\tlarge\tnumber\tof\tproperties\tin\tNorth\tAmerica,\tEurope\tand\tAsia\tutilized\tfor\nmanufacturing\tand\tassembly,\twarehousing,\tengineering,\tretail\tand\tservice\tlocations,\tSupercharger\tsites\tand\tadministrative\tand\tsales\toffices.\tOur\tfacilities\nare\tused\tto\tsupport\tboth\tof\tour\treporting\tsegments,\tand\tare\tsuitable\tand\tadequate\tfor\tthe\tconduct\tof\tour\tbusiness.\tWe\tgenerally\tlease\tsuch\tfacilities\twith\nthe\tprimary\texception\tof\tsome\tmanufacturing\tfacilities.\tThe\tfollowing\ttable\tsets\tforth\tthe\tlocation\tof\tour\tprimary\towned\tand\tleased\tmanufacturing\nfacilities.\nPrimary\tManufacturing\tFacilities\nLocation\nOwned\tor\tLeased\nGigafactory\tTexas\nAustin,\tTexas\nOwned\nFremont\tFactory\nFremont,\tCalifornia\nOwned\nGigafactory\tNevada\nSparks,\tNevada\nOwned\nGigafactory\tBerlin-Brandenburg\nGrunheide,\tGermany\nOwned\nGigafactory\tShanghai\nShanghai,\tChina\n*\nGigafactory\tNew\tYork\nBuffalo,\tNew\tYork\nLeased\nMegafactory"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d44fd2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 30, "chroma:document": "Buffalo,\tNew\tYork\nLeased\nMegafactory\nLathrop,\tCalifornia\nLeased\n*\nWe\town\tthe\tbuilding\tand\tthe\tland\tuse\trights\twith\tan\tinitial\tterm\tof\t50\tyears.\tThe\tland\tuse\trights\tare\ttreated\tas\toperating\tlease\tright-of-use\tassets.\nITEM\t3.\tLEGAL\tPROCEEDINGS\nFor\ta\tdescription\tof\tour\tmaterial\tpending\tlegal\tproceedings,\tplease\tsee\tNote\t15,\t\nCommitments\tand\tContingencies\n,\tto\tthe\tconsolidated\tfinancial\nstatements\tincluded\telsewhere\tin\tthis\tAnnual\tReport\ton\tForm\t10-K.\nIn\taddition,\teach\tof\tthe\tmatters\tbelow\tis\tbeing\tdisclosed\tpursuant\tto\tItem\t103\tof\tRegulation\tS-K\tbecause\tit\trelates\tto\tenvironmental\tregulations\tand\naggregate\tcivil\tpenalties\tthat\twe\tcurrently\tbelieve\tcould\tpotentially\texceed\t$1\tmillion.\tWe\tbelieve\tthat\tany\tproceeding\tthat\tis\tmaterial\tto\tour\tbusiness\tor\nfinancial\tcondition\tis\tlikely\tto\thave\tpotential\tpenalties\tfar\tin\texcess\tof\tsuch\tamount.\nDistrict\tattorneys\tin\tcertain\tCalifornia\tcounties\tconducted\tan\tinvestigation\tinto\tTesla\u2019s\twaste\tsegregation\tpractices\tpursuant\tto\tCal.\tHealth\t&\tSaf.\nCode\t\u00a7\t25100\tet\tseq.\tand\tCal.\tCivil\tCode\t\u00a7\t1798.80.\tTesla\thas\timplemented\tvarious\tremedial\tmeasures,\tincluding\tconducting\ttraining\tand\taudits,\tand\nenhancements\tto\tits\tsite\twaste\tmanagement\tprograms,\tand\tsettlement\tdiscussions\tare\tongoing.\tWhile\tthe\toutcome\tof\tthis\tmatter\tcannot\tbe\tdetermined\nat\tthis\ttime,\tit\tis\tnot\tcurrently\texpected\tto\thave\ta\tmaterial\tadverse\timpact\ton\tour\tbusiness.\nITEM\t4.\tMINE\tSAFETY\tDISCLOSURES\nNot\tapplicable.\n30"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45036-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 31, "chroma:document": "PART\tII\nITEM\t5.\tMARKET\tFOR\tREGISTRANT\u2019S\tCOMMON\tEQUITY,\tRELATED\tSTOCKHOLDER\tMATTERS\tAND\tISSUER\tPURCHASES\tOF\tEQUITY\nSECURITIES\nMarket\tInformation\nOur\tcommon\tstock\thas\ttraded\ton\tThe\tNASDAQ\tGlobal\tSelect\tMarket\tunder\tthe\tsymbol\t\u201cTSLA\u201d\tsince\tit\tbegan\ttrading\ton\tJune\t29,\t2010.\tOur\tinitial\npublic\toffering\twas\tpriced\tat\tapproximately\t$1.13\tper\tshare\ton\tJune\t28,\t2010\tas\tadjusted\tto\tgive\teffect\tto\tthe\tthree-for-one\tstock\tsplit\teffected\tin\tthe\nform\tof\ta\tstock\tdividend\tin\tAugust\t2022\t(the\t\u201c2022\tStock\tSplit\u201d)\tand\tthe\tfive-for-one\tstock\tsplit\teffected\tin\tthe\tform\tof\ta\tstock\tdividend\tin\tAugust\t2020\n(the\t\u201c2020\tStock\tSplit\u201d).\nHolders\nAs\tof\tJanuary\t22,\t2024,\tthere\twere\t9,300\tholders\tof\trecord\tof\tour\tcommon\tstock.\tA\tsubstantially\tgreater\tnumber\tof\tholders\tof\tour\tcommon\tstock\tare\n\u201cstreet\tname\u201d\tor\tbeneficial\tholders,\twhose\tshares\tare\theld\tby\tbanks,\tbrokers\tand\tother\tfinancial\tinstitutions.\nDividend\tPolicy\nWe\thave\tnever\tdeclared\tor\tpaid\tcash\tdividends\ton\tour\tcommon\tstock.\tWe\tcurrently\tdo\tnot\tanticipate\tpaying\tany\tcash\tdividends\tin\tthe\tforeseeable\nfuture.\tAny\tfuture\tdetermination\tto\tdeclare\tcash\tdividends\twill\tbe\tmade\tat\tthe\tdiscretion\tof\tour\tboard\tof\tdirectors,\tsubject\tto\tapplicable\tlaws,\tand\twill\ndepend\ton\tour\tfinancial\tcondition,\tresults\tof\toperations,\tcapital\trequirements,\tgeneral\tbusiness\tconditions\tand\tother\tfactors\tthat\tour\tboard\tof\tdirectors\nmay\tdeem\trelevant.\nStock\tPerformance\tGraph\nThis\tperformance\tgraph\tshall\tnot\tbe\tdeemed\t\u201cfiled\u201d\tfor\tpurposes\tof\tSection\t18\tof\tthe\tSecurities\tExchange\tAct\tof\t1934,\tas\tamended\t(the\t\u201cExchange"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45090-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 31, "chroma:document": "Act\u201d),\tor\tincorporated\tby\treference\tinto\tany\tfiling\tof\tTesla,\tInc.\tunder\tthe\tSecurities\tAct\tof\t1933,\tas\tamended\t(the\t\u201cSecurities\tAct\u201d),\tor\tthe\tExchange\tAct,\nexcept\tas\tshall\tbe\texpressly\tset\tforth\tby\tspecific\treference\tin\tsuch\tfiling.\nThe\tfollowing\tgraph\tshows\ta\tcomparison,\tfrom\tJanuary\t1,\t2019\tthrough\tDecember\t31,\t2023,\tof\tthe\tcumulative\ttotal\treturn\ton\tour\tcommon\tstock,\nThe\tNASDAQ\tComposite\tIndex\tand\ta\tgroup\tof\tall\tpublic\tcompanies\tsharing\tthe\tsame\tSIC\tcode\tas\tus,\twhich\tis\tSIC\tcode\t3711,\t\u201cMotor\tVehicles\tand\nPassenger\tCar\tBodies\u201d\t(Motor\tVehicles\tand\tPassenger\tCar\tBodies\tPublic\tCompany\tGroup).\tSuch\treturns\tare\tbased\ton\thistorical\tresults\tand\tare\tnot\nintended\tto\tsuggest\tfuture\tperformance.\tData\tfor\tThe\tNASDAQ\tComposite\tIndex\tand\tthe\tMotor\tVehicles\tand\tPassenger\tCar\tBodies\tPublic\tCompany\tGroup\nassumes\tan\tinvestment\tof\t$100\ton\tJanuary\t1,\t2019\tand\treinvestment\tof\tdividends.\tWe\thave\tnever\tdeclared\tor\tpaid\tcash\tdividends\ton\tour\tcommon\tstock\nnor\tdo\twe\tanticipate\tpaying\tany\tsuch\tcash\tdividends\tin\tthe\tforeseeable\tfuture.\n31"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45126-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 32, "chroma:document": "Unregistered\tSales\tof\tEquity\tSecurities\tand\tUse\tof\tProceeds\nNone.\nPurchases\tof\tEquity\tSecurities\tby\tthe\tIssuer\tand\tAffiliated\tPurchasers\nNone.\nITEM\t6.\t[RESERVED]\n32"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4518a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 33, "chroma:document": "ITEM\t7.\tMANAGEMENT\u2019S\tDISCUSSION\tAND\tANALYSIS\tOF\tFINANCIAL\tCONDITION\tAND\tRESULTS\tOF\tOPERATIONS\nThe\tfollowing\tdiscussion\tand\tanalysis\tshould\tbe\tread\tin\tconjunction\twith\tthe\tconsolidated\tfinancial\tstatements\tand\tthe\trelated\tnotes\tincluded\nelsewhere\tin\tthis\tAnnual\tReport\ton\tForm\t10-K.\tFor\tfurther\tdiscussion\tof\tour\tproducts\tand\tservices,\ttechnology\tand\tcompetitive\tstrengths,\trefer\tto\tItem\t1-\nBusiness.\tFor\tdiscussion\trelated\tto\tchanges\tin\tfinancial\tcondition\tand\tthe\tresults\tof\toperations\tfor\tfiscal\tyear\t2022-related\titems,\trefer\tto\tPart\tII,\tItem\t7.\nManagement\u2019s\tDiscussion\tand\tAnalysis\tof\tFinancial\tCondition\tand\tResults\tof\tOperations\tin\tour\tAnnual\tReport\ton\tForm\t10-K\tfor\tfiscal\tyear\t2022,\twhich\twas\nfiled\twith\tthe\tSecurities\tand\tExchange\tCommission\ton\tJanuary\t31,\t2023.\nOverview\tand\t2023\tHighlights\nOur\tmission\tis\tto\taccelerate\tthe\tworld\u2019s\ttransition\tto\tsustainable\tenergy.\tWe\tdesign,\tdevelop,\tmanufacture,\tlease\tand\tsell\thigh-performance\tfully\nelectric\tvehicles,\tsolar\tenergy\tgeneration\tsystems\tand\tenergy\tstorage\tproducts.\tWe\talso\toffer\tmaintenance,\tinstallation,\toperation,\tcharging,\tinsurance,\nfinancial\tand\tother\tservices\trelated\tto\tour\tproducts.\tAdditionally,\twe\tare\tincreasingly\tfocused\ton\tproducts\tand\tservices\tbased\ton\tartificial\tintelligence,\nrobotics\tand\tautomation.\nIn\t2023,\twe\tproduced\t1,845,985\tconsumer\tvehicles\tand\tdelivered\t1,808,581\tconsumer\tvehicles.\tWe\tare\tcurrently\tfocused\ton\tincreasing\tvehicle\nproduction,\tcapacity\tand\tdelivery\tcapabilities,\treducing\tcosts,\timproving\tand\tdeveloping\tour\tvehicles\tand\tbattery\ttechnologies,\tvertically\tintegrating\tand"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d451ee-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 33, "chroma:document": "localizing\tour\tsupply\tchain,\timproving\tand\tfurther\tdeploying\tour\tFSD\tcapabilities,\tincreasing\tthe\taffordability\tand\tefficiency\tof\tour\tvehicles,\tbringing\tnew\nproducts\tto\tmarket\tand\texpanding\tour\tglobal\tinfrastructure,\tincluding\tour\tservice\tand\tcharging\tinfrastructure.\nIn\t2023,\twe\tdeployed\t14.72\tGWh\tof\tenergy\tstorage\tproducts\tand\t223\tmegawatts\tof\tsolar\tenergy\tsystems.\tWe\tare\tcurrently\tfocused\ton\tramping\nproduction\tof\tenergy\tstorage\tproducts,\timproving\tour\tSolar\tRoof\tinstallation\tcapability\tand\tefficiency,\tand\tincreasing\tmarket\tshare\tof\tretrofit\tsolar\tenergy\nsystems.\nIn\t2023,\twe\trecognized\ttotal\trevenues\tof\t$96.77\tbillion,\trepresenting\tan\tincrease\tof\t$15.31\tbillion,\tcompared\tto\tthe\tprior\tyear.\tWe\tcontinue\tto\tramp\nproduction,\tbuild\tnew\tmanufacturing\tcapacity\tand\texpand\tour\toperations\tto\tenable\tincreased\tdeliveries\tand\tdeployments\tof\tour\tproducts,\tand\tinvest\tin\nresearch\tand\tdevelopment\tto\taccelerate\tour\tAI,\tsoftware\tand\tfleet-based\tprofits\tfor\tfurther\trevenue\tgrowth.\nIn\t2023,\tour\tnet\tincome\tattributable\tto\tcommon\tstockholders\twas\t$15.00\tbillion,\trepresenting\ta\tfavorable\tchange\tof\t$2.44\tbillion,\tcompared\tto\tthe\nprior\tyear.\tThis\tincluded\ta\tone-time\tnon-cash\ttax\tbenefit\tof\t$5.93\tbillion\tfor\tthe\trelease\tof\tvaluation\tallowance\ton\tcertain\tdeferred\ttax\tassets.\tWe\tcontinue\nto\tfocus\ton\tfurther\tcost\treductions\tand\toperational\tefficiencies\twhile\tmaximizing\tdelivery\tvolumes.\nWe\tended\t2023\twith\t$29.09\tbillion\tin\tcash\tand\tcash\tequivalents\tand\tinvestments,\trepresenting\tan\tincrease\tof\t$6.91\tbillion\tfrom\tthe\tend\tof\t2022."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45248-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 33, "chroma:document": "Our\tcash\tflows\tprovided\tby\toperating\tactivities\tin\t2023\tand\t2022\twere\t$13.26\tbillion\tand\t$14.72\tbillion,\trespectively,\trepresenting\ta\tdecrease\tof\t$1.47\nbillion.\tCapital\texpenditures\tamounted\tto\t$8.90\tbillion\tin\t2023,\tcompared\tto\t$7.16\tbillion\tin\t2022,\trepresenting\tan\tincrease\tof\t$1.74\tbillion.\tSustained\ngrowth\thas\tallowed\tour\tbusiness\tto\tgenerally\tfund\titself,\tand\twe\twill\tcontinue\tinvesting\tin\ta\tnumber\tof\tcapital-intensive\tprojects\tand\tresearch\tand\ndevelopment\tin\tupcoming\tperiods.\n33"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d452a2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 34, "chroma:document": "Management\tOpportunities,\tChallenges\tand\tUncertainties\tand\t2024\tOutlook\nAutomotive\u2014Production\nThe\tfollowing\tis\ta\tsummary\tof\tthe\tstatus\tof\tproduction\tof\teach\tof\tour\tannounced\tvehicle\tmodels\tin\tproduction\tand\tunder\tdevelopment,\tas\tof\tthe\ndate\tof\tthis\tAnnual\tReport\ton\tForm\t10-K:\nProduction\tLocation\nVehicle\tModel(s)\nProduction\tStatus\nFremont\tFactory\nModel\tS\t/\tModel\tX\nActive\n\t\nModel\t3\t/\tModel\tY\nActive\nGigafactory\tShanghai\nModel\t3\t/\tModel\tY\nActive\nGigafactory\tBerlin-Brandenburg\nModel\tY\nActive\nGigafactory\tTexas\nModel\tY\nActive\n\t\nCybertruck\nActive\nGigafactory\tNevada\nTesla\tSemi\nPilot\tproduction\nVarious\nNext\tGeneration\tPlatform\nIn\tdevelopment\nTBD\nTesla\tRoadster\nIn\tdevelopment\nWe\tare\tfocused\ton\tgrowing\tour\tmanufacturing\tcapacity,\twhich\tincludes\tcapacity\tfor\tmanufacturing\tnew\tvehicle\tmodels\tsuch\tas\tour\tCybertruck\tand\nnext\tgeneration\tplatform,\tand\tramping\tall\tof\tour\tproduction\tvehicles\tto\ttheir\tinstalled\tproduction\tcapacities\tas\twell\tas\tincreasing\tproduction\trate\tand\nefficiency\tat\tour\tcurrent\tfactories.\tThe\tnext\tphase\tof\tproduction\tgrowth\twill\tdepend\ton\tthe\tcontinued\tramp\tat\tour\tfactories\tand\tthe\tintroduction\tof\tour\nnext\tgeneration\tplatform,\tas\twell\tas\tour\tability\tto\tadd\tto\tour\tavailable\tsources\tof\tbattery\tcell\tsupply\tby\tmanufacturing\tour\town\tcells\tthat\twe\tare\ndeveloping\tto\thave\thigh-volume\toutput,\tlower\tcapital\tand\tproduction\tcosts\tand\tlonger\trange.\tOur\tgoals\tare\tto\timprove\tvehicle\tperformance,\tdecrease\nproduction\tcosts\tand\tincrease\taffordability\tand\tcustomer\tawareness.\nThese\tplans\tare\tsubject\tto\tuncertainties\tinherent\tin\testablishing\tand\tramping\tmanufacturing\toperations,\twhich\tmay\tbe\texacerbated\tby\tnew\tproduct"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45306-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 34, "chroma:document": "and\tmanufacturing\ttechnologies\twe\tintroduce,\tthe\tnumber\tof\tconcurrent\tinternational\tprojects,\tany\tindustry-wide\tcomponent\tconstraints,\tlabor\tshortages\nand\tany\tfuture\timpact\tfrom\tevents\toutside\tof\tour\tcontrol.\tFor\texample,\tduring\tthe\tthird\tquarter\tof\t2023,\twe\texperienced\ta\tsequential\tdecline\tin\nproduction\tvolumes\tdue\tto\tpre-planned\tshutdowns\tfor\tupgrades\tat\tvarious\tfactories.\tMoreover,\twe\thave\tset\tambitious\ttechnological\ttargets\twith\tour\nplans\tfor\tbattery\tcells\tas\twell\tas\tfor\titerative\tmanufacturing\tand\tdesign\timprovements\tfor\tour\tvehicles\twith\teach\tnew\tfactory.\nAutomotive\u2014Demand,\tSales,\tDeliveries\tand\tInfrastructure\nOur\tcost\treduction\tefforts,\tcost\tinnovation\tstrategies,\tand\tadditional\tlocalized\tprocurement\tand\tmanufacturing\tare\tkey\tto\tour\tvehicles\u2019\taffordability\nand\thave\tallowed\tus\tto\tcompetitively\tprice\tour\tvehicles.\tWe\twill\talso\tcontinue\tto\tgenerate\tdemand\tand\tbrand\tawareness\tby\timproving\tour\tvehicles\u2019\nperformance\tand\tfunctionality,\tincluding\tthrough\tproducts\tbased\ton\tartificial\tintelligence\tsuch\tas\tAutopilot,\tFSD\tCapability,\tand\tother\tsoftware\tfeatures\nand\tdelivering\tnew\tvehicles,\tsuch\tas\tour\tCybertruck.\tMoreover,\twe\texpect\tto\tcontinue\tto\tbenefit\tfrom\tongoing\telectrification\tof\tthe\tautomotive\tsector\tand\nincreasing\tenvironmental\tregulations\tand\tinitiatives.\nHowever,\twe\toperate\tin\ta\tcyclical\tindustry\tthat\tis\tsensitive\tto\tpolitical\tand\tregulatory\tuncertainty,\tincluding\twith\trespect\tto\ttrade\tand\tthe\nenvironment,\tall\tof\twhich\tcan\tbe\tcompounded\tby\tinflationary\tpressures,\trising\tenergy\tprices,\tinterest\trate\tfluctuations\tand\tthe\tliquidity\tof\tenterprise\ncustomers.\tFor\texample,\tinflationary\tpressures\thave\tincreased\tacross\tthe\tmarkets\tin\twhich\twe\toperate.\tIn\tan\teffort\tto\tcurb\tthis\ttrend,\tcentral\tbanks\tin"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45360-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 34, "chroma:document": "developed\tcountries\traised\tinterest\trates\trapidly\tand\tsubstantially,\timpacting\tthe\taffordability\tof\tvehicle\tlease\tand\tfinance\tarrangements.\tFurther,\tsales\tof\nvehicles\tin\tthe\tautomotive\tindustry\talso\ttend\tto\tbe\tcyclical\tin\tmany\tmarkets,\twhich\tmay\texpose\tus\tto\tincreased\tvolatility\tas\twe\texpand\tand\tadjust\tour\noperations.\tMoreover,\tas\tadditional\tcompetitors\tenter\tthe\tmarketplace\tand\thelp\tbring\tthe\tworld\tcloser\tto\tsustainable\ttransportation,\twe\twill\thave\tto\nadjust\tand\tcontinue\tto\texecute\twell\tto\tmaintain\tour\tmomentum.\tAdditionally,\tour\tsuppliers\u2019\tliquidity\tand\tallocation\tplans\tmay\tbe\taffected\tby\tcurrent\nchallenges\tin\tthe\tNorth\tAmerican\tautomotive\tindustry,\twhich\tcould\treduce\tour\taccess\tto\tcomponents\tor\tresult\tin\tunfavorable\tchanges\tto\tcost.\tThese\nmacroeconomic\tand\tindustry\ttrends\thave\thad,\tand\twill\tlikely\tcontinue\tto\thave,\tan\timpact\ton\tthe\tpricing\tof,\tand\torder\trate\tfor\tour\tvehicles,\tand\tin\tturn\tour\noperating\tmargin.\tChanges\tin\tgovernment\tand\teconomic\tincentives\tin\trelation\tto\telectric\tvehicles\tmay\talso\timpact\tour\tsales.\tWe\twill\tcontinue\tto\tadjust\naccordingly\tto\tsuch\tdevelopments,\tand\twe\tbelieve\tour\tongoing\tcost\treduction,\tincluding\timproved\tproduction\tinnovation\tand\tefficiency\tat\tour\tnewest\nfactories\tand\tlower\tlogistics\tcosts,\tand\tfocus\ton\toperating\tleverage\twill\tcontinue\tto\tbenefit\tus\tin\trelation\tto\tour\tcompetitors,\twhile\tour\tnew\tproducts\twill\nhelp\tenable\tfuture\tgrowth.\n34"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d453ba-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 35, "chroma:document": "As\tour\tproduction\tincreases,\twe\tmust\twork\tconstantly\tto\tsimilarly\tincrease\tvehicle\tdelivery\tcapability\tso\tthat\tit\tdoes\tnot\tbecome\ta\tbottleneck\ton\tour\ntotal\tdeliveries.\tWe\tare\talso\tcommitted\tto\treducing\tthe\tpercentage\tof\tvehicles\tdelivered\tin\tthe\tthird\tmonth\tof\teach\tquarter,\twhich\twill\thelp\tto\treduce\tthe\ncost\tper\tvehicle.\tAs\twe\texpand\tour\tmanufacturing\toperations\tglobally,\twe\twill\talso\thave\tto\tcontinue\tto\tincrease\tand\tstaff\tour\tdelivery,\tservicing\tand\ncharging\tinfrastructure\taccordingly,\tmaintain\tour\tvehicle\treliability\tand\toptimize\tour\tSupercharger\tlocations\tto\tensure\tcost\teffectiveness\tand\tcustomer\nsatisfaction.\tIn\tparticular,\tas\tother\tautomotive\tmanufacturers\thave\tannounced\ttheir\tadoption\tof\tthe\tNorth\tAmerican\tCharging\tStandard\t(\u201cNACS\u201d)\tand\nagreements\twith\tus\tto\tutilize\tour\tSuperchargers,\twe\tmust\tcorrespondingly\texpand\tour\tnetwork\tin\torder\tto\tensure\tadequate\tavailability\tto\tmeet\tcustomer\ndemands.\tWe\talso\tremain\tfocused\ton\tcontinued\tenhancements\tof\tthe\tcapability\tand\tefficiency\tof\tour\tservicing\toperations.\nEnergy\tGeneration\tand\tStorage\tDemand,\tProduction\tand\tDeployment\nThe\tlong-term\tsuccess\tof\tthis\tbusiness\tis\tdependent\tupon\tincreasing\tmargins\tthrough\tgreater\tvolumes.\tWe\tcontinue\tto\tincrease\tthe\tproduction\tof\nour\tenergy\tstorage\tproducts\tto\tmeet\thigh\tlevels\tof\tdemand,\tincluding\tthe\tconstruction\tof\ta\tnew\tMegafactory\tin\tShanghai\tand\tthe\tongoing\tramp\tat\tour\nMegafactory\tin\tLathrop,\tCalifornia.\tFor\tMegapack,\tenergy\tstorage\tdeployments\tcan\tvary\tmeaningfully\tquarter\tto\tquarter\tdepending\ton\tthe\ttiming\tof\nspecific\tproject\tmilestones.\tWe\tremain\tcommitted\tto\tgrowing\tour\tretrofit\tsolar\tenergy\tbusiness\tby\toffering\ta\tlow-cost\tand\tsimplified\tonline\tordering"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4541e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 35, "chroma:document": "experience.\tIn\taddition,\twe\tcontinue\tto\tseek\tto\timprove\tour\tinstallation\tcapabilities\tand\tprice\tefficiencies\tfor\tSolar\tRoof.\tAs\tthese\tproduct\tlines\tgrow,\twe\nwill\thave\tto\tmaintain\tadequate\tbattery\tcell\tsupply\tfor\tour\tenergy\tstorage\tproducts\tand\tensure\tthe\tavailability\tof\tqualified\tpersonnel,\tparticularly\tskilled\nelectricians,\tto\tsupport\tthe\tramp\tof\tSolar\tRoof.\nCash\tFlow\tand\tCapital\tExpenditure\tTrends\nOur\tcapital\texpenditures\tare\ttypically\tdifficult\tto\tproject\tbeyond\tthe\tshort-term\tgiven\tthe\tnumber\tand\tbreadth\tof\tour\tcore\tprojects\tat\tany\tgiven\ttime,\nand\tmay\tfurther\tbe\timpacted\tby\tuncertainties\tin\tfuture\tglobal\tmarket\tconditions.\tWe\tare\tsimultaneously\tramping\tnew\tproducts,\tbuilding\tor\tramping\nmanufacturing\tfacilities\ton\tthree\tcontinents,\tpiloting\tthe\tdevelopment\tand\tmanufacture\tof\tnew\tbattery\tcell\ttechnologies,\texpanding\tour\tSupercharger\nnetwork\tand\tinvesting\tin\tautonomy\tand\tother\tartificial\tintelligence\tenabled\ttraining\tand\tproducts,\tand\tthe\tpace\tof\tour\tcapital\tspend\tmay\tvary\tdepending\non\toverall\tpriority\tamong\tprojects,\tthe\tpace\tat\twhich\twe\tmeet\tmilestones,\tproduction\tadjustments\tto\tand\tamong\tour\tvarious\tproducts,\tincreased\tcapital\nefficiencies\tand\tthe\taddition\tof\tnew\tprojects.\tOwing\tand\tsubject\tto\tthe\tforegoing\tas\twell\tas\tthe\tpipeline\tof\tannounced\tprojects\tunder\tdevelopment,\tall\nother\tcontinuing\tinfrastructure\tgrowth\tand\tvarying\tlevels\tof\tinflation,\twe\tcurrently\texpect\tour\tcapital\texpenditures\tto\texceed\t$10.00\tbillion\tin\t2024\tand\tbe\nbetween\t$8.00\tto\t$10.00\tbillion\tin\teach\tof\tthe\tfollowing\ttwo\tfiscal\tyears.\nOur\tbusiness\thas\tbeen\tconsistently\tgenerating\tcash\tflow\tfrom\toperations\tin\texcess\tof\tour\tlevel\tof\tcapital\tspend,\tand\twith\tbetter\tworking\tcapital"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45482-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 35, "chroma:document": "management\tresulting\tin\tshorter\tdays\tsales\toutstanding\tthan\tdays\tpayable\toutstanding,\tour\tsales\tgrowth\tis\talso\tgenerally\tfacilitating\tpositive\tcash\ngeneration.\tWe\thave\tand\twill\tcontinue\tto\tutilize\tsuch\tcash\tflows,\tamong\tother\tthings,\tto\tdo\tmore\tvertical\tintegration,\texpand\tour\tproduct\troadmap\tand\nprovide\tfinancing\toptions\tto\tour\tcustomers.\tAt\tthe\tsame\ttime,\twe\tare\tlikely\tto\tsee\theightened\tlevels\tof\tcapital\texpenditures\tduring\tcertain\tperiods\ndepending\ton\tthe\tspecific\tpace\tof\tour\tcapital-intensive\tprojects\tand\tother\tpotential\tvariables\tsuch\tas\trising\tmaterial\tprices\tand\tincreases\tin\tsupply\tchain\nand\tlabor\texpenses\tresulting\tfrom\tchanges\tin\tglobal\ttrade\tconditions\tand\tlabor\tavailability.\tOverall,\twe\texpect\tour\tability\tto\tbe\tself-funding\tto\tcontinue\tas\nlong\tas\tmacroeconomic\tfactors\tsupport\tcurrent\ttrends\tin\tour\tsales.\nCritical\tAccounting\tPolicies\tand\tEstimates\nThe\tconsolidated\tfinancial\tstatements\tare\tprepared\tin\taccordance\twith\taccounting\tprinciples\tgenerally\taccepted\tin\tthe\tU.S.\t(\u201cGAAP\u201d).\tThe\npreparation\tof\tthe\tconsolidated\tfinancial\tstatements\trequires\tus\tto\tmake\testimates\tand\tassumptions\tthat\taffect\tthe\treported\tamounts\tof\tassets,\tliabilities,\nrevenues,\tcosts\tand\texpenses\tand\trelated\tdisclosures.\tWe\tbase\tour\testimates\ton\thistorical\texperience,\tas\tappropriate,\tand\ton\tvarious\tother\tassumptions\nthat\twe\tbelieve\tto\tbe\treasonable\tunder\tthe\tcircumstances.\tChanges\tin\tthe\taccounting\testimates\tare\treasonably\tlikely\tto\toccur\tfrom\tperiod\tto\tperiod.\nAccordingly,\tactual\tresults\tcould\tdiffer\tsignificantly\tfrom\tthe\testimates\tmade\tby\tour\tmanagement.\tWe\tevaluate\tour\testimates\tand\tassumptions\ton\tan"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d454dc-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 35, "chroma:document": "ongoing\tbasis.\tTo\tthe\textent\tthat\tthere\tare\tmaterial\tdifferences\tbetween\tthese\testimates\tand\tactual\tresults,\tour\tfuture\tfinancial\tstatement\tpresentation,\nfinancial\tcondition,\tresults\tof\toperations\tand\tcash\tflows\tmay\tbe\taffected.\n35"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45536-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 36, "chroma:document": "The\testimates\tused\tfor,\tbut\tnot\tlimited\tto,\tdetermining\tsignificant\teconomic\tincentive\tfor\tresale\tvalue\tguarantee\tarrangements,\tsales\treturn\nreserves,\tthe\tcollectability\tof\taccounts\tand\tfinancing\treceivables,\tinventory\tvaluation,\twarranties,\tfair\tvalue\tof\tlong-lived\tassets,\tgoodwill,\tfair\tvalue\tof\nfinancial\tinstruments,\tfair\tvalue\tand\tresidual\tvalue\tof\toperating\tlease\tvehicles\tand\tsolar\tenergy\tsystems\tsubject\tto\tleases\tcould\tbe\timpacted.\tWe\thave\nassessed\tthe\timpact\tand\tare\tnot\taware\tof\tany\tspecific\tevents\tor\tcircumstances\tthat\trequired\tan\tupdate\tto\tour\testimates\tand\tassumptions\tor\tmaterially\naffected\tthe\tcarrying\tvalue\tof\tour\tassets\tor\tliabilities\tas\tof\tthe\tdate\tof\tissuance\tof\tthis\tAnnual\tReport\ton\tForm\t10-K.\tThese\testimates\tmay\tchange\tas\tnew\nevents\toccur\tand\tadditional\tinformation\tis\tobtained.\tActual\tresults\tcould\tdiffer\tmaterially\tfrom\tthese\testimates\tunder\tdifferent\tassumptions\tor\tconditions.\nRevenue\tRecognition\nAutomotive\tSales\nAutomotive\tsales\trevenue\tincludes\trevenues\trelated\tto\tcash\tand\tfinancing\tdeliveries\tof\tnew\tvehicles,\tand\tspecific\tother\tfeatures\tand\tservices\tthat\nmeet\tthe\tdefinition\tof\ta\tperformance\tobligation\tunder\tAccounting\tStandards\tCodification\t(\u201cASC\u201d)\t606,\t\nRevenue\tfrom\tContracts\twith\tCustomers\t\n(\u201cASC\n606\u201d),\tincluding\taccess\tto\tour\tFSD\tCapability\tfeatures\tand\ttheir\tongoing\tmaintenance,\tinternet\tconnectivity,\tfree\tSupercharging\tprograms\tand\tover-the-\nair\tsoftware\tupdates.\tWe\trecognize\trevenue\ton\tautomotive\tsales\tupon\tdelivery\tto\tthe\tcustomer,\twhich\tis\twhen\tthe\tcontrol\tof\ta\tvehicle\ttransfers.\nPayments\tare\ttypically\treceived\tat\tthe\tpoint\tcontrol\ttransfers\tor\tin\taccordance\twith\tpayment\tterms\tcustomary\tto\tthe\tbusiness,\texcept\tsales\twe\tfinance\tfor"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4559a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 36, "chroma:document": "which\tpayments\tare\tcollected\tover\tthe\tcontractual\tloan\tterm.\tWe\talso\trecognize\ta\tsales\treturn\treserve\tbased\ton\thistorical\texperience\tplus\tconsideration\nfor\texpected\tfuture\tmarket\tvalues,\twhen\twe\toffer\tresale\tvalue\tguarantees\tor\tsimilar\tbuyback\tterms.\tOther\tfeatures\tand\tservices\tsuch\tas\taccess\tto\tour\ninternet\tconnectivity,\tunlimited\tfree\tSupercharging\tand\tover-the-air\tsoftware\tupdates\tare\tprovisioned\tupon\tcontrol\ttransfer\tof\ta\tvehicle\tand\trecognized\nover\ttime\ton\ta\tstraight-line\tbasis\tas\twe\thave\ta\tstand-ready\tobligation\tto\tdeliver\tsuch\tservices\tto\tthe\tcustomer.\tOther\tlimited\tfree\tSupercharging\nincentives\tare\trecognized\tbased\ton\tactual\tusage\tor\texpiration,\twhichever\tis\tearlier.\tWe\trecognize\trevenue\trelated\tto\tthese\tother\tfeatures\tand\tservices\nover\tthe\tperformance\tperiod,\twhich\tis\tgenerally\tthe\texpected\townership\tlife\tof\tthe\tvehicle.\tRevenue\trelated\tto\tFSD\tCapability\tfeatures\tis\trecognized\twhen\nfunctionality\tis\tdelivered\tto\tthe\tcustomer\tand\ttheir\tongoing\tmaintenance\tis\trecognized\tover\ttime.\tFor\tour\tobligations\trelated\tto\tautomotive\tsales,\twe\nestimate\tstandalone\tselling\tprice\tby\tconsidering\tcosts\tused\tto\tdevelop\tand\tdeliver\tthe\tservice,\tthird-party\tpricing\tof\tsimilar\toptions\tand\tother\tinformation\nthat\tmay\tbe\tavailable.\nInventory\tValuation\nInventories\tare\tstated\tat\tthe\tlower\tof\tcost\tor\tnet\trealizable\tvalue.\tCost\tis\tcomputed\tusing\tstandard\tcost\tfor\tvehicles\tand\tenergy\tproducts,\twhich\napproximates\tactual\tcost\ton\ta\tfirst-in,\tfirst-out\tbasis.\tWe\trecord\tinventory\twrite-downs\tfor\texcess\tor\tobsolete\tinventories\tbased\tupon\tassumptions\tabout\ncurrent\tand\tfuture\tdemand\tforecasts.\tIf\tour\tinventory\ton-hand\tis\tin\texcess\tof\tour\tfuture\tdemand\tforecast,\tthe\texcess\tamounts\tare\twritten-off."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d455f4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 36, "chroma:document": "We\talso\treview\tour\tinventory\tto\tdetermine\twhether\tits\tcarrying\tvalue\texceeds\tthe\tnet\tamount\trealizable\tupon\tthe\tultimate\tsale\tof\tthe\tinventory.\nThis\trequires\tus\tto\tdetermine\tthe\testimated\tselling\tprice\tof\tour\tvehicles\tless\tthe\testimated\tcost\tto\tconvert\tthe\tinventory\ton-hand\tinto\ta\tfinished\tproduct.\nOnce\tinventory\tis\twritten-down,\ta\tnew,\tlower\tcost\tbasis\tfor\tthat\tinventory\tis\testablished\tand\tsubsequent\tchanges\tin\tfacts\tand\tcircumstances\tdo\tnot\tresult\nin\tthe\trestoration\tor\tincrease\tin\tthat\tnewly\testablished\tcost\tbasis.\nShould\tour\testimates\tof\tfuture\tselling\tprices\tor\tproduction\tcosts\tchange,\tadditional\tand\tpotentially\tmaterial\twrite-downs\tmay\tbe\trequired.\tA\tsmall\nchange\tin\tour\testimates\tmay\tresult\tin\ta\tmaterial\tcharge\tto\tour\treported\tfinancial\tresults.\n36"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45658-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 37, "chroma:document": "Warranties\nWe\tprovide\ta\tmanufacturer\u2019s\twarranty\ton\tall\tnew\tand\tused\tvehicles\tand\ta\twarranty\ton\tthe\tinstallation\tand\tcomponents\tof\tthe\tenergy\tgeneration\nand\tstorage\tsystems\twe\tsell\tfor\tperiods\ttypically\tbetween\t10\tto\t25\tyears.\tWe\taccrue\ta\twarranty\treserve\tfor\tthe\tproducts\tsold\tby\tus,\twhich\tincludes\tour\nbest\testimate\tof\tthe\tprojected\tcosts\tto\trepair\tor\treplace\titems\tunder\twarranties\tand\trecalls\tif\tidentified.\tThese\testimates\tare\tbased\ton\tactual\tclaims\nincurred\tto\tdate\tand\tan\testimate\tof\tthe\tnature,\tfrequency\tand\tcosts\tof\tfuture\tclaims.\tThese\testimates\tare\tinherently\tuncertain\tand\tchanges\tto\tour\nhistorical\tor\tprojected\twarranty\texperience\tmay\tcause\tmaterial\tchanges\tto\tthe\twarranty\treserve\tin\tthe\tfuture.\tThe\twarranty\treserve\tdoes\tnot\tinclude\nprojected\twarranty\tcosts\tassociated\twith\tour\tvehicles\tsubject\tto\toperating\tlease\taccounting\tand\tour\tsolar\tenergy\tsystems\tunder\tlease\tcontracts\tor\tPPAs,\nas\tthe\tcosts\tto\trepair\tthese\twarranty\tclaims\tare\texpensed\tas\tincurred.\tThe\tportion\tof\tthe\twarranty\treserve\texpected\tto\tbe\tincurred\twithin\tthe\tnext\t12\nmonths\tis\tincluded\twithin\tAccrued\tliabilities\tand\tother,\twhile\tthe\tremaining\tbalance\tis\tincluded\twithin\tOther\tlong-term\tliabilities\ton\tthe\tconsolidated\nbalance\tsheets.\tFor\tliabilities\tthat\twe\tare\tentitled\tto\treceive\tindemnification\tfrom\tour\tsuppliers,\twe\trecord\treceivables\tfor\tthe\tcontractually\tobligated\namounts\ton\tthe\tconsolidated\tbalance\tsheets\tas\ta\tcomponent\tof\tPrepaid\texpenses\tand\tother\tcurrent\tassets\tfor\tthe\tcurrent\tportion\tand\tas\tOther\tnon-\ncurrent\tassets\tfor\tthe\tlong-term\tportion.\tWarranty\texpense\tis\trecorded\tas\ta\tcomponent\tof\tCost\tof\trevenues\tin\tthe\tconsolidated\tstatements\tof\toperations."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d456b2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 37, "chroma:document": "Due\tto\tthe\tmagnitude\tof\tour\tautomotive\tbusiness,\tour\taccrued\twarranty\tbalance\tis\tprimarily\trelated\tto\tour\tautomotive\tsegment.\nStock-Based\tCompensation\nWe\tuse\tthe\tfair\tvalue\tmethod\tof\taccounting\tfor\tour\tstock\toptions\tand\trestricted\tstock\tunits\t(\u201cRSUs\u201d)\tgranted\tto\temployees\tand\tfor\tour\temployee\nstock\tpurchase\tplan\t(the\t\u201cESPP\u201d)\tto\tmeasure\tthe\tcost\tof\temployee\tservices\treceived\tin\texchange\tfor\tthe\tstock-based\tawards.\tThe\tfair\tvalue\tof\tstock\noption\tawards\twith\tonly\tservice\tand/or\tperformance\tconditions\tis\testimated\ton\tthe\tgrant\tor\toffering\tdate\tusing\tthe\tBlack-Scholes\toption-pricing\tmodel.\nThe\tBlack-Scholes\toption-pricing\tmodel\trequires\tinputs\tsuch\tas\tthe\trisk-free\tinterest\trate,\texpected\tterm\tand\texpected\tvolatility.\tThese\tinputs\tare\nsubjective\tand\tgenerally\trequire\tsignificant\tjudgment.\tThe\tfair\tvalue\tof\tRSUs\tis\tmeasured\ton\tthe\tgrant\tdate\tbased\ton\tthe\tclosing\tfair\tmarket\tvalue\tof\tour\ncommon\tstock.\tThe\tresulting\tcost\tis\trecognized\tover\tthe\tperiod\tduring\twhich\tan\temployee\tis\trequired\tto\tprovide\tservice\tin\texchange\tfor\tthe\tawards,\nusually\tthe\tvesting\tperiod,\twhich\tis\tgenerally\tfour\tyears\tfor\tstock\toptions\tand\tRSUs\tand\tsix\tmonths\tfor\tthe\tESPP.\tStock-based\tcompensation\texpense\tis\nrecognized\ton\ta\tstraight-line\tbasis,\tnet\tof\tactual\tforfeitures\tin\tthe\tperiod.\nFor\tperformance-based\tawards,\tstock-based\tcompensation\texpense\tis\trecognized\tover\tthe\texpected\tperformance\tachievement\tperiod\tof\tindividual\nperformance\tmilestones\twhen\tthe\tachievement\tof\teach\tindividual\tperformance\tmilestone\tbecomes\tprobable.\nAs\twe\taccumulate\tadditional\temployee\tstock-based\tawards\tdata\tover\ttime\tand\tas\twe\tincorporate\tmarket\tdata\trelated\tto\tour\tcommon\tstock,\twe\tmay\ncalculate\tsignificantly\tdifferent\tvolatilities\tand\texpected\tlives,\twhich\tcould\tmaterially\timpact\tthe\tvaluation\tof\tour\tstock-based\tawards\tand\tthe\tstock-based"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4570c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 37, "chroma:document": "compensation\texpense\tthat\twe\twill\trecognize\tin\tfuture\tperiods.\tStock-based\tcompensation\texpense\tis\trecorded\tin\tCost\tof\trevenues,\tResearch\tand\ndevelopment\texpense\tand\tSelling,\tgeneral\tand\tadministrative\texpense\tin\tthe\tconsolidated\tstatements\tof\toperations.\nIncome\tTaxes\nWe\tare\tsubject\tto\tincome\ttaxes\tin\tthe\tU.S.\tand\tin\tmany\tforeign\tjurisdictions.\tSignificant\tjudgment\tis\trequired\tin\tdetermining\tour\tprovision\tfor\nincome\ttaxes,\tour\tdeferred\ttax\tassets\tand\tliabilities\tand\tany\tvaluation\tallowance\trecorded\tagainst\tour\tnet\tdeferred\ttax\tassets\tthat\tare\tnot\tmore\tlikely\nthan\tnot\tto\tbe\trealized.\tWe\tmonitor\tthe\trealizability\tof\tour\tdeferred\ttax\tassets\ttaking\tinto\taccount\tall\trelevant\tfactors\tat\teach\treporting\tperiod.\tIn\ncompleting\tour\tassessment\tof\trealizability\tof\tour\tdeferred\ttax\tassets,\twe\tconsider\tour\thistory\tof\tincome\t(loss)\tmeasured\tat\tpre-tax\tincome\t(loss)\tadjusted\nfor\tpermanent\tbook-tax\tdifferences\ton\ta\tjurisdictional\tbasis,\tvolatility\tin\tactual\tearnings,\texcess\ttax\tbenefits\trelated\tto\tstock-based\tcompensation\tin\nrecent\tprior\tyears,\tand\timpacts\tof\tthe\ttiming\tof\treversal\tof\texisting\ttemporary\tdifferences.\tWe\talso\trely\ton\tour\tassessment\tof\tthe\tCompany\u2019s\tprojected\nfuture\tresults\tof\tbusiness\toperations,\tincluding\tuncertainty\tin\tfuture\toperating\tresults\trelative\tto\thistorical\tresults,\tvolatility\tin\tthe\tmarket\tprice\tof\tour\ncommon\tstock\tand\tits\tperformance\tover\ttime,\tvariable\tmacroeconomic\tconditions\timpacting\tour\tability\tto\tforecast\tfuture\ttaxable\tincome,\tand\tchanges\tin\nbusiness\tthat\tmay\taffect\tthe\texistence\tand\tmagnitude\tof\tfuture\ttaxable\tincome.\tOur\tvaluation\tallowance\tassessment\tis\tbased\ton\tour\tbest\testimate\tof\nfuture\tresults\tconsidering\tall\tavailable\tinformation.\n37"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45770-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 38, "chroma:document": "Furthermore,\tsignificant\tjudgment\tis\trequired\tin\tevaluating\tour\ttax\tpositions.\tIn\tthe\tordinary\tcourse\tof\tbusiness,\tthere\tare\tmany\ttransactions\tand\ncalculations\tfor\twhich\tthe\tultimate\ttax\tsettlement\tis\tuncertain.\tAs\ta\tresult,\twe\trecognize\tthe\teffect\tof\tthis\tuncertainty\ton\tour\ttax\tattributes\tor\ttaxes\npayable\tbased\ton\tour\testimates\tof\tthe\teventual\toutcome.\tThese\teffects\tare\trecognized\twhen,\tdespite\tour\tbelief\tthat\tour\ttax\treturn\tpositions\tare\nsupportable,\twe\tbelieve\tthat\tit\tis\tmore\tlikely\tthan\tnot\tthat\tsome\tof\tthose\tpositions\tmay\tnot\tbe\tfully\tsustained\tupon\treview\tby\ttax\tauthorities.\tWe\tare\nrequired\tto\tfile\tincome\ttax\treturns\tin\tthe\tU.S.\tand\tvarious\tforeign\tjurisdictions,\twhich\trequires\tus\tto\tinterpret\tthe\tapplicable\ttax\tlaws\tand\tregulations\tin\neffect\tin\tsuch\tjurisdictions.\tSuch\treturns\tare\tsubject\tto\taudit\tby\tthe\tvarious\tfederal,\tstate\tand\tforeign\ttaxing\tauthorities,\twho\tmay\tdisagree\twith\trespect\tto\nour\ttax\tpositions.\tWe\tbelieve\tthat\tour\tconsideration\tis\tadequate\tfor\tall\topen\taudit\tyears\tbased\ton\tour\tassessment\tof\tmany\tfactors,\tincluding\tpast\nexperience\tand\tinterpretations\tof\ttax\tlaw.\tWe\treview\tand\tupdate\tour\testimates\tin\tlight\tof\tchanging\tfacts\tand\tcircumstances,\tsuch\tas\tthe\tclosing\tof\ta\ttax\naudit,\tthe\tlapse\tof\ta\tstatute\tof\tlimitations\tor\ta\tchange\tin\testimate.\tTo\tthe\textent\tthat\tthe\tfinal\ttax\toutcome\tof\tthese\tmatters\tdiffers\tfrom\tour\texpectations,\nsuch\tdifferences\tmay\timpact\tincome\ttax\texpense\tin\tthe\tperiod\tin\twhich\tsuch\tdetermination\tis\tmade.\nResults\tof\tOperations\nRevenues\n\t\nYear\tEnded\tDecember\t31,\n2023\tvs.\t2022\tChange\n2022\tvs.\t2021\tChange\n(Dollars\tin\tmillions)\n2023\n2022\n2021\n$\n%\n$\n%"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d457d4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 38, "chroma:document": "2022\n2021\n$\n%\n$\n%\nAutomotive\tsales\n$\n78,509\t\n$\n67,210\t\n$\n44,125\t\n$\n11,299\t\n17\t\n%\n$\n23,085\t\n52\t\n%\nAutomotive\tregulatory\tcredits\n1,790\t\n1,776\t\n1,465\t\n14\t\n1\t\n%\n311\t\n21\t\n%\nAutomotive\tleasing\n2,120\t\n2,476\t\n1,642\t\n(356)\n(14)\n%\n834\t\n51\t\n%\nTotal\tautomotive\trevenues\n82,419\t\n71,462\t\n47,232\t\n10,957\t\n15\t\n%\n24,230\t\n51\t\n%\nServices\tand\tother\n8,319\t\n6,091\t\n3,802\t\n2,228\t\n37\t\n%\n2,289\t\n60\t\n%\nTotal\tautomotive\t&\tservices\tand\tother\tsegment\nrevenue\n90,738\t\n77,553\t\n51,034\t\n13,185\t\n17\t\n%\n26,519\t\n52\t\n%\nEnergy\tgeneration\tand\tstorage\tsegment\trevenue\n6,035\t\n3,909\t\n2,789\t\n2,126\t\n54\t\n%\n1,120\t\n40\t\n%\nTotal\trevenues\n$\n96,773\t\n$\n81,462\t\n$\n53,823\t\n$\n15,311\t\n19\t\n%\n$\n27,639\t\n51\t\n%\nAutomotive\t&\tServices\tand\tOther\tSegment\nAutomotive\tsales\trevenue\tincludes\trevenues\trelated\tto\tcash\tand\tfinancing\tdeliveries\tof\tnew\tModel\tS,\tModel\tX,\tSemi,\tModel\t3,\tModel\tY,\tand\nCybertruck\tvehicles,\tincluding\taccess\tto\tour\tFSD\tCapability\tfeatures\tand\ttheir\tongoing\tmaintenance,\tinternet\tconnectivity,\tfree\tSupercharging\tprograms\nand\tover-the-air\tsoftware\tupdates.\tThese\tdeliveries\tare\tvehicles\tthat\tare\tnot\tsubject\tto\tlease\taccounting."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4586a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 38, "chroma:document": "Automotive\tregulatory\tcredits\tincludes\tsales\tof\tregulatory\tcredits\tto\tother\tautomotive\tmanufacturers.\tOur\trevenue\tfrom\tautomotive\tregulatory\ncredits\tis\tdirectly\trelated\tto\tour\tnew\tvehicle\tproduction,\tsales\tand\tpricing\tnegotiated\twith\tour\tcustomers.\tWe\tmonetize\tthem\tproactively\tas\tnew\tvehicles\nare\tsold\tbased\ton\tstanding\tarrangements\twith\tbuyers\tof\tsuch\tcredits,\ttypically\tas\tclose\tas\tpossible\tto\tthe\tproduction\tand\tdelivery\tof\tthe\tvehicle\tor\nchanges\tin\tregulation\timpacting\tthe\tcredits.\nAutomotive\tleasing\trevenue\tincludes\tthe\tamortization\tof\trevenue\tfor\tvehicles\tunder\tdirect\toperating\tlease\tagreements.\tAdditionally,\tautomotive\nleasing\trevenue\tincludes\tdirect\tsales-type\tleasing\tprograms\twhere\twe\trecognize\tall\trevenue\tassociated\twith\tthe\tsales-type\tlease\tupon\tdelivery\tto\tthe\ncustomer.\nServices\tand\tother\trevenue\tconsists\tof\tsales\tof\tused\tvehicles,\tnon-warranty\tafter-sales\tvehicle\tservices,\tbody\tshop\tand\tparts,\tpaid\tSupercharging,\nvehicle\tinsurance\trevenue\tand\tretail\tmerchandise.\n2023\tcompared\tto\t2022\nAutomotive\tsales\trevenue\tincreased\t$11.30\tbillion,\tor\t17%,\tin\tthe\tyear\tended\tDecember\t31,\t2023\tas\tcompared\tto\tthe\tyear\tended\tDecember\t31,\n2022,\tprimarily\tdue\tto\tan\tincrease\tof\t473,382\tcombined\tModel\t3\tand\tModel\tY\tcash\tdeliveries\tfrom\tproduction\tramping\tof\tModel\tY\tglobally.\tThe\tincrease\nwas\tpartially\toffset\tby\ta\tlower\taverage\tselling\tprice\ton\tour\tvehicles\tdriven\tby\toverall\tprice\treductions\tyear\tover\tyear,\tsales\tmix,\tand\ta\tnegative\timpact\nfrom\tthe\tUnited\tStates\tdollar\tstrengthening\tagainst\tother\tforeign\tcurrencies\tin\tthe\tyear\tended\tDecember\t31,\t2023\tcompared\tto\tthe\tprior\tyear."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d458ce-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 38, "chroma:document": "Automotive\tregulatory\tcredits\trevenue\tincreased\t$14\tmillion,\tor\t1%,\tin\tthe\tyear\tended\tDecember\t31,\t2023\tas\tcompared\tto\tthe\tyear\tended\nDecember\t31,\t2022.\n38"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45932-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 39, "chroma:document": "Automotive\tleasing\trevenue\tdecreased\t$356\tmillion,\tor\t14%,\tin\tthe\tyear\tended\tDecember\t31,\t2023\tas\tcompared\tto\tthe\tyear\tended\tDecember\t31,\n2022.\tThe\tdecrease\twas\tprimarily\tdue\tto\ta\tdecrease\tin\tdirect\tsales-type\tleasing\trevenue\tdriven\tby\tlower\tdeliveries\tyear\tover\tyear,\tpartially\toffset\tby\tan\nincrease\tfrom\tour\tgrowing\tdirect\toperating\tlease\tportfolio.\nServices\tand\tother\trevenue\tincreased\t$2.23\tbillion,\tor\t37%,\tin\tthe\tyear\tended\tDecember\t31,\t2023\tas\tcompared\tto\tthe\tyear\tended\tDecember\t31,\n2022.\tThe\tincrease\twas\tprimarily\tdue\tto\thigher\tused\tvehicle\trevenue\tdriven\tby\tincreases\tin\tvolume,\tbody\tshop\tand\tpart\tsales\trevenue,\tnon-warranty\nmaintenance\tservices\trevenue,\tpaid\tSupercharging\trevenue\tand\tinsurance\tservices\trevenue,\tall\tof\twhich\tare\tprimarily\tattributable\tto\tour\tgrowing\tfleet.\nThe\tincreases\twere\tpartially\toffset\tby\ta\tdecrease\tin\tthe\taverage\tselling\tprice\tof\tused\tvehicles.\nEnergy\tGeneration\tand\tStorage\tSegment\nEnergy\tgeneration\tand\tstorage\trevenue\tincludes\tsales\tand\tleasing\tof\tsolar\tenergy\tgeneration\tand\tenergy\tstorage\tproducts,\tfinancing\tof\tsolar\tenergy\ngeneration\tproducts,\tservices\trelated\tto\tsuch\tproducts\tand\tsales\tof\tsolar\tenergy\tsystems\tincentives.\n2023\tcompared\tto\t2022\nEnergy\tgeneration\tand\tstorage\trevenue\tincreased\t$2.13\tbillion,\tor\t54%,\tin\tthe\tyear\tended\tDecember\t31,\t2023\tas\tcompared\tto\tthe\tyear\tended\nDecember\t31,\t2022.\tThe\tincrease\twas\tprimarily\tdue\tto\tan\tincrease\tin\tdeployments\tof\tMegapack.\nCost\tof\tRevenues\tand\tGross\tMargin\nYear\tEnded\tDecember\t31,\n2023\tvs.\t2022\tChange\n2022\tvs.\t2021\tChange\n(Dollars\tin\tmillions)\n2023\n2022"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4598c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 39, "chroma:document": "(Dollars\tin\tmillions)\n2023\n2022\n2021\n$\n%\n$\n%\nCost\tof\trevenues\nAutomotive\tsales\n$\n65,121\t\n$\n49,599\t\n$\n32,415\t\n$\n15,522\t\n31\t\n%\n$\n17,184\t\n53\t\n%\nAutomotive\tleasing\n1,268\t\n1,509\t\n978\t\n(241)\n(16)\n%\n531\t\n54\t\n%\nTotal\tautomotive\tcost\tof\trevenues\n66,389\t\n51,108\t\n33,393\t\n15,281\t\n30\t\n%\n17,715\t\n53\t\n%\nServices\tand\tother\n7,830\t\n5,880\t\n3,906\t\n1,950\t\n33\t\n%\n1,974\t\n51\t\n%\nTotal\tautomotive\t&\tservices\tand\tother\tsegment\ncost\tof\trevenues\n74,219\t\n56,988\t\n37,299\t\n17,231\t\n30\t\n%\n19,689\t\n53\t\n%\nEnergy\tgeneration\tand\tstorage\tsegment\n4,894\t\n3,621\t\n2,918\t\n1,273\t\n35\t\n%\n703\t\n24\t\n%\nTotal\tcost\tof\trevenues\n$\n79,113\t\n$\n60,609\t\n$\n40,217\t\n$\n18,504\t\n31\t\n%\n$\n20,392\t\n51\t\n%\nGross\tprofit\ttotal\tautomotive\n$\n16,030\t\n$\n20,354\t\n$\n13,839\t\nGross\tmargin\ttotal\tautomotive\n19.4\t\n%\n28.5\t\n%\n29.3\t\n%\nGross\tprofit\ttotal\tautomotive\t&\tservices\tand\tother\nsegment\n$\n16,519\t\n$\n20,565\t\n$\n13,735\t\nGross\tmargin\ttotal\tautomotive\t&\tservices\tand\tother\nsegment\n18.2\t\n%\n26.5\t\n%\n26.9\t\n%\nGross\tprofit\tenergy\tgeneration\tand\tstorage\tsegment\n$\n1,141\t\n$\n288"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d459f0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 39, "chroma:document": "$\n1,141\t\n$\n288\t\n$\n(129)\nGross\tmargin\tenergy\tgeneration\tand\tstorage\tsegment\n18.9\t\n%\n7.4\t\n%\n(4.6)\n%\nTotal\tgross\tprofit\n$\n17,660\t\n$\n20,853\t\n$\n13,606\t\nTotal\tgross\tmargin\n18.2\t\n%\n25.6\t\n%\n25.3\t\n%\n39"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45a4a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 40, "chroma:document": "Automotive\t&\tServices\tand\tOther\tSegment\nCost\tof\tautomotive\tsales\trevenue\tincludes\tdirect\tand\tindirect\tmaterials,\tlabor\tcosts,\tmanufacturing\toverhead,\tincluding\tdepreciation\tcosts\tof\ttooling\nand\tmachinery,\tshipping\tand\tlogistic\tcosts,\tvehicle\tconnectivity\tcosts,\tFSD\tongoing\tmaintenance\tcosts,\tallocations\tof\telectricity\tand\tinfrastructure\tcosts\nrelated\tto\tour\tSupercharger\tnetwork\tand\treserves\tfor\testimated\twarranty\texpenses.\tCost\tof\tautomotive\tsales\trevenues\talso\tincludes\tadjustments\tto\nwarranty\texpense\tand\tcharges\tto\twrite\tdown\tthe\tcarrying\tvalue\tof\tour\tinventory\twhen\tit\texceeds\tits\testimated\tnet\trealizable\tvalue\tand\tto\tprovide\tfor\nobsolete\tand\ton-hand\tinventory\tin\texcess\tof\tforecasted\tdemand.\tAdditionally,\tcost\tof\tautomotive\tsales\trevenue\tbenefits\tfrom\tmanufacturing\tcredits\nearned.\nCost\tof\tautomotive\tleasing\trevenue\tincludes\tthe\tdepreciation\tof\toperating\tlease\tvehicles,\tcost\tof\tgoods\tsold\tassociated\twith\tdirect\tsales-type\tleases\nand\twarranty\texpense\trelated\tto\tleased\tvehicles.\nCosts\tof\tservices\tand\tother\trevenue\tincludes\tcost\tof\tused\tvehicles\tincluding\trefurbishment\tcosts,\tcosts\tassociated\twith\tproviding\tnon-warranty\nafter-sales\tservices,\tcosts\tassociated\twith\tour\tbody\tshops\tand\tpart\tsales,\tcosts\tof\tpaid\tSupercharging,\tcosts\tto\tprovide\tvehicle\tinsurance\tand\tcosts\tfor\nretail\tmerchandise.\n2023\tcompared\tto\t2022\nCost\tof\tautomotive\tsales\trevenue\tincreased\t$15.52\tbillion,\tor\t31%,\tin\tthe\tyear\tended\tDecember\t31,\t2023\tas\tcompared\tto\tthe\tyear\tended\nDecember\t31,\t2022.\tCost\tof\tautomotive\tsales\trevenue\tincreased\tin\tline\twith\tthe\tchange\tin\tdeliveries\tyear\tover\tyear,\tas\tdiscussed\tabove.\tThe\tincrease"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45aa4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 40, "chroma:document": "was\tpartially\toffset\tby\ta\tdecrease\tin\tthe\taverage\tcombined\tcost\tper\tunit\tof\tour\tvehicles\tprimarily\tdue\tto\tsales\tmix,\tlower\tinbound\tfreight,\ta\tdecrease\tin\nmaterial\tcosts\tand\tlower\tmanufacturing\tcosts\tfrom\tbetter\tfixed\tcost\tabsorption.\tOur\tcosts\tof\trevenue\twere\talso\tpositively\timpacted\tby\tthe\tUnited\tStates\ndollar\tstrengthening\tagainst\tour\tforeign\tcurrencies\tas\tcompared\tto\tthe\tprior\tperiods\tand\tby\tthe\tIRA\tmanufacturing\tcredits\tearned\tduring\tthe\tcurrent\tyear.\nCost\tof\tautomotive\tleasing\trevenue\tdecreased\t$241\tmillion,\tor\t16%,\tin\tthe\tyear\tended\tDecember\t31,\t2023\tas\tcompared\tto\tthe\tyear\tended\nDecember\t31,\t2022.\tThe\tdecrease\twas\tprimarily\tdue\tto\ta\tdecrease\tin\tdirect\tsales-type\tleasing\tcost\tof\trevenue\tdriven\tby\tlower\tdeliveries\tyear\tover\tyear.\nCost\tof\tservices\tand\tother\trevenue\tincreased\t$1.95\tbillion,\tor\t33%,\tin\tthe\tyear\tended\tDecember\t31,\t2023\tas\tcompared\tto\tthe\tyear\tended\nDecember\t31,\t2022.\tThe\tincrease\twas\tgenerally\tin\tline\twith\tthe\tchanges\tin\tservices\tand\tother\trevenue\tas\tdiscussed\tabove.\nGross\tmargin\tfor\ttotal\tautomotive\tdecreased\tfrom\t28.5%\tto\t19.4%\tin\tthe\tyear\tended\tDecember\t31,\t2023\tas\tcompared\tto\tthe\tyear\tended\nDecember\t31,\t2022.\tThe\tdecrease\twas\tprimarily\tdue\tto\ta\tlower\taverage\tselling\tprice\ton\tour\tvehicles\tpartially\toffset\tby\tthe\tfavorable\tchange\tin\tour\naverage\tcombined\tcost\tper\tunit\tof\tour\tvehicles\tand\tIRA\tmanufacturing\tcredits\tearned\tas\tdiscussed\tabove.\nGross\tmargin\tfor\ttotal\tautomotive\t&\tservices\tand\tother\tsegment\tdecreased\tfrom\t26.5%\tto\t18.2%\tin\tthe\tyear\tended\tDecember\t31,\t2023\tas"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45b08-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 40, "chroma:document": "compared\tto\tthe\tyear\tended\tDecember\t31,\t2022,\tprimarily\tdue\tto\tthe\tautomotive\tgross\tmargin\tdecrease\tdiscussed\tabove.\nEnergy\tGeneration\tand\tStorage\tSegment\nCost\tof\tenergy\tgeneration\tand\tstorage\trevenue\tincludes\tdirect\tand\tindirect\tmaterial\tand\tlabor\tcosts,\twarehouse\trent,\tfreight,\twarranty\texpense,\nother\toverhead\tcosts\tand\tamortization\tof\tcertain\tacquired\tintangible\tassets.\tCost\tof\tenergy\tgeneration\tand\tstorage\trevenue\talso\tincludes\tcharges\tto\twrite\ndown\tthe\tcarrying\tvalue\tof\tour\tinventory\twhen\tit\texceeds\tits\testimated\tnet\trealizable\tvalue\tand\tto\tprovide\tfor\tobsolete\tand\ton-hand\tinventory\tin\texcess\nof\tforecasted\tdemand.\tAdditionally,\tcost\tof\tenergy\tgeneration\tand\tstorage\trevenue\tbenefits\tfrom\tmanufacturing\tcredits\tearned.\tIn\tagreements\tfor\tsolar\nenergy\tsystems\tand\tPPAs\twhere\twe\tare\tthe\tlessor,\tthe\tcost\tof\trevenue\tis\tprimarily\tcomprised\tof\tdepreciation\tof\tthe\tcost\tof\tleased\tsolar\tenergy\tsystems,\nmaintenance\tcosts\tassociated\twith\tthose\tsystems\tand\tamortization\tof\tany\tinitial\tdirect\tcosts.\n2023\tcompared\tto\t2022\nCost\tof\tenergy\tgeneration\tand\tstorage\trevenue\tincreased\t$1.27\tbillion,\tor\t35%,\tin\tthe\tyear\tended\tDecember\t31,\t2023\tas\tcompared\tto\tthe\tyear\nended\tDecember\t31,\t2022,\tin\tline\twith\tthe\tincrease\tin\tMegapack\tdeployments\tyear\tover\tyear,\tas\tdiscussed\tabove.\tThis\tincrease\twas\tpartially\toffset\tby\tan\nimprovement\tin\tproduction\tramping\tthat\tdrove\tdown\tthe\taverage\tcost\tper\tMWh\tof\tMegapack\tas\twell\tas\tIRA\tmanufacturing\tcredits\tearned\tduring\tthe\ncurrent\tyear.\n40"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45b6c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 41, "chroma:document": "Gross\tmargin\tfor\tenergy\tgeneration\tand\tstorage\tincreased\tfrom\t7.4%\tto\t18.9%\tin\tthe\tyear\tended\tDecember\t31,\t2023\tas\tcompared\tto\tthe\tyear\nended\tDecember\t31,\t2022.\tThe\tincrease\twas\tdriven\tby\tan\timprovement\tin\tour\tMegapack\tgross\tmargin\tfrom\tlower\taverage\tcost\tper\tMWh\tand\ta\thigher\nproportion\tof\tMegapack,\twhich\toperated\tat\ta\thigher\tgross\tmargin,\twithin\tthe\tsegment\tas\tcompared\tto\tthe\tprior\tyear\tperiods.\tAdditionally,\tthere\twas\ta\nmargin\tbenefit\tfrom\tIRA\tmanufacturing\tcredits\tearned.\nResearch\tand\tDevelopment\tExpense\nYear\tEnded\tDecember\t31,\n2023\tvs.\t2022\tChange\n2022\tvs.\t2021\tChange\n(Dollars\tin\tmillions)\n2023\n2022\n2021\n$\n%\n$\n%\nResearch\tand\tdevelopment\n$\n3,969\t\n$\n3,075\t\n$\n2,593\t\n$\n894\t\n29\t\n%\n$\n482\t\n19\t\n%\nAs\ta\tpercentage\tof\trevenues\n4\t\n%\n4\t\n%\n5\t\n%\nResearch\tand\tdevelopment\t(\u201cR&D\u201d)\texpenses\tconsist\tprimarily\tof\tpersonnel\tcosts\tfor\tour\tteams\tin\tengineering\tand\tresearch,\tmanufacturing\nengineering\tand\tmanufacturing\ttest\torganizations,\tprototyping\texpense,\tcontract\tand\tprofessional\tservices\tand\tamortized\tequipment\texpense.\nR&D\texpenses\tincreased\t$894\tmillion,\tor\t29%,\tin\tthe\tyear\tended\tDecember\t31,\t2023\tas\tcompared\tto\tthe\tyear\tended\tDecember\t31,\t2022.\tThe\noverall\tincrease\twas\tprimarily\tdriven\tby\tadditional\tcosts\tin\tthe\tcurrent\tyear\trelated\tto\tthe\tpre-production\tphase\tfor\tCybertruck,\tAI\tand\tother\tprograms.\nR&D\texpenses\tas\ta\tpercentage\tof\trevenue\tstayed\tconsistent\tat\t4%\tin\tthe\tyear\tended\tDecember\t31,\t2023\tas\tcompared\tto\tthe\tyear\tended"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45bc6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 41, "chroma:document": "December\t31,\t2022.\tOur\tR&D\texpenses\thave\tincreased\tproportionately\twith\ttotal\trevenues\tas\twe\tcontinue\tto\texpand\tour\tproduct\troadmap\tand\ntechnologies.\nSelling,\tGeneral\tand\tAdministrative\tExpense\nYear\tEnded\tDecember\t31,\n2023\tvs.\t2022\tChange\n2022\tvs.\t2021\tChange\n(Dollars\tin\tmillions)\n2023\n2022\n2021\n$\n%\n$\n%\nSelling,\tgeneral\tand\tadministrative\n$\n4,800\t\n$\n3,946\t\n$\n4,517\t\n$\n854\t\n22\t\n%\n$\n(571)\n(13)\n%\nAs\ta\tpercentage\tof\trevenues\n5\t\n%\n5\t\n%\n8\t\n%\nSelling,\tgeneral\tand\tadministrative\t(\u201cSG&A\u201d)\texpenses\tgenerally\tconsist\tof\tpersonnel\tand\tfacilities\tcosts\trelated\tto\tour\tstores,\tmarketing,\tsales,\nexecutive,\tfinance,\thuman\tresources,\tinformation\ttechnology\tand\tlegal\torganizations,\tas\twell\tas\tfees\tfor\tprofessional\tand\tcontract\tservices\tand\tlitigation\nsettlements.\nSG&A\texpenses\tincreased\t$854\tmillion,\tor\t22%,\tin\tthe\tyear\tended\tDecember\t31,\t2023\tas\tcompared\tto\tthe\tyear\tended\tDecember\t31,\t2022.\tThis\twas\ndriven\tby\ta\t$447\tmillion\tincrease\tin\temployee\tand\tlabor\tcosts\tprimarily\tfrom\tincreased\theadcount,\tincluding\tprofessional\tservices\tand\ta\t$363\tmillion\nincrease\tin\tfacilities\trelated\texpenses.\nRestructuring\tand\tOther\nYear\tEnded\tDecember\t31,\n2023\tvs.\t2022\tChange\n2022\tvs.\t2021\tChange\n(Dollars\tin\tmillions)\n2023\n2022\n2021\n$\n%\n$\n%\nRestructuring\tand\tother\n$\n\u2014\t\n$\n176\t\n$\n(27)\n$\n(176)\n(100)%\n$\n203\t\nNot\tmeaningful"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45c2a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 41, "chroma:document": "(100)%\n$\n203\t\nNot\tmeaningful\nDuring\tthe\tyear\tended\tDecember\t31,\t2022,\twe\trecorded\tan\timpairment\tloss\tof\t$204\tmillion\tas\twell\tas\trealized\tgains\tof\t$64\tmillion\tin\tconnection\nwith\tconverting\tour\tholdings\tof\tdigital\tassets\tinto\tfiat\tcurrency.\tWe\talso\trecorded\tother\texpenses\tof\t$36\tmillion\tduring\tthe\tsecond\tquarter\tof\tthe\tyear\nended\tDecember\t31,\t2022,\trelated\tto\temployee\tterminations.\nInterest\tIncome\nYear\tEnded\tDecember\t31,\n2023\tvs.\t2022\tChange\n2022\tvs.\t2021\tChange\n(Dollars\tin\tmillions)\n2023\n2022\n2021\n$\n%\n$\n%\nInterest\tincome\n$\n1,066\t\n$\n297\t\n$\n56\t\n$\n769\t\n259\t\n%\n$\n241\t\n430\t\n%\n41"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45c8e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 42, "chroma:document": "Interest\tincome\tincreased\t$769\tmillion,\tor\t259%,\tin\tthe\tyear\tended\tDecember\t31,\t2023\tas\tcompared\tto\tthe\tyear\tended\tDecember\t31,\t2022.\tThis\nincrease\twas\tprimarily\tdue\tto\thigher\tinterest\tearned\ton\tour\tcash\tand\tcash\tequivalents\tand\tshort-term\tinvestments\tin\tthe\tyear\tended\tDecember\t31,\t2023\nas\tcompared\tto\tthe\tprior\tyear\tdue\tto\trising\tinterest\trates\tand\tour\tincreasing\tportfolio\tbalance.\nOther\tIncome\t(Expense),\tNet\nYear\tEnded\tDecember\t31,\n2023\tvs.\t2022\tChange\n2022\tvs.\t2021\tChange\n(Dollars\tin\tmillions)\n2023\n2022\n2021\n$\n%\n$\n%\nOther\tincome\t(expense),\tnet\n$\n172\t\n$\n(43)\n$\n135\t\n$\n215\t\nNot\tmeaningful\n$\n(178)\nNot\tmeaningful\nOther\tincome\t(expense),\tnet,\tconsists\tprimarily\tof\tforeign\texchange\tgains\tand\tlosses\trelated\tto\tour\tforeign\tcurrency-denominated\tmonetary\tassets\nand\tliabilities.\tWe\texpect\tour\tforeign\texchange\tgains\tand\tlosses\twill\tvary\tdepending\tupon\tmovements\tin\tthe\tunderlying\texchange\trates.\nOther\tincome,\tnet,\tchanged\tfavorably\tby\t$215\tmillion\tin\tthe\tyear\tended\tDecember\t31,\t2023\tas\tcompared\tto\tthe\tyear\tended\tDecember\t31,\t2022.\nThe\tfavorable\tchange\twas\tprimarily\tdue\tto\tfluctuations\tin\tforeign\tcurrency\texchange\trates\ton\tour\tintercompany\tbalances.\n(Benefit\tfrom)\tProvision\tfor\tIncome\tTaxes\nYear\tEnded\tDecember\t31,\n2023\tvs.\t2022\tChange\n2022\tvs.\t2021\tChange\n(Dollars\tin\tmillions)\n2023\n2022\n2021\n$\n%\n$\n%\n(Benefit\tfrom)\tprovision\tfor\tincome\ttaxes\n$\n(5,001)\n$"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45cf2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 42, "chroma:document": "$\n(5,001)\n$\n1,132\t\n$\n699\t\n$\n(6,133)\nNot\tmeaningful\n$\n433\t\n62\t\n%\nEffective\ttax\trate\n(50)\n%\n8\t\n%\n11\t\n%\nWe\tmonitor\tthe\trealizability\tof\tour\tdeferred\ttax\tassets\ttaking\tinto\taccount\tall\trelevant\tfactors\tat\teach\treporting\tperiod.\tAs\tof\tDecember\t31,\t2023,\nbased\ton\tthe\trelevant\tweight\tof\tpositive\tand\tnegative\tevidence,\tincluding\tthe\tamount\tof\tour\ttaxable\tincome\tin\trecent\tyears\twhich\tis\tobjective\tand\nverifiable,\tand\tconsideration\tof\tour\texpected\tfuture\ttaxable\tearnings,\twe\tconcluded\tthat\tit\tis\tmore\tlikely\tthan\tnot\tthat\tour\tU.S.\tfederal\tand\tcertain\tstate\ndeferred\ttax\tassets\tare\trealizable.\tAs\tsuch,\twe\treleased\t$6.54\tbillion\tof\tour\tvaluation\tallowance\tassociated\twith\tthe\tU.S.\tfederal\tand\tstate\tdeferred\ttax\nassets,\twith\tthe\texception\tof\tour\tCalifornia\tdeferred\ttax\tassets.\tApproximately\t$5.93\tbillion\tof\tthe\ttotal\tvaluation\tallowance\trelease\twas\trelated\tto\ndeferred\ttax\tassets\tto\tbe\trealized\tin\tthe\tfuture\tyears\tand\tthe\tremainder\tbenefited\tus\tduring\tthe\tyear\tended\tDecember\t31,\t2023.\tWe\tcontinue\tto\tmaintain\na\tfull\tvaluation\tallowance\tagainst\tour\tCalifornia\tdeferred\ttax\tassets\tas\tof\tDecember\t31,\t2023,\tbecause\twe\tconcluded\tthey\tare\tnot\tmore\tlikely\tthan\tnot\tto\nbe\trealized\tas\twe\texpect\tour\tCalifornia\tdeferred\ttax\tassets\tgeneration\tin\tfuture\tyears\tto\texceed\tour\tability\tto\tuse\tthese\tdeferred\ttax\tassets.\nOur\t(benefit\tfrom)\tprovision\tfor\tincome\ttaxes\tchanged\tby\t$6.13\tbillion\tin\tthe\tyear\tended\tDecember\t31,\t2023\tas\tcompared\tto\tthe\tyear\tended"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45d4c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 42, "chroma:document": "December\t31,\t2022,\tprimarily\tdue\tto\tthe\trelease\tof\t$6.54\tbillion\tof\tour\tvaluation\tallowance\tassociated\twith\tthe\tU.S.\tfederal\tand\tcertain\tstate\tdeferred\ttax\nassets.\nOur\teffective\ttax\trate\tchanged\tfrom\tan\texpense\tof\t8%\tto\ta\tbenefit\tof\t50%\tin\tthe\tyear\tended\tDecember\t31,\t2023\tas\tcompared\tto\tthe\tyear\tended\nDecember\t31,\t2022,\tprimarily\tdue\tto\tthe\trelease\tof\tthe\tvaluation\tallowance\tregarding\tour\tU.S.\tfederal\tand\tcertain\tstate\tdeferred\ttax\tassets.\nSee\tNote\t14,\t\nIncome\tTaxes\n,\tto\tthe\tconsolidated\tfinancial\tstatements\tincluded\telsewhere\tin\tthis\tAnnual\tReport\ton\tForm\t10-K\tfor\tfurther\tdetails.\nLiquidity\tand\tCapital\tResources\nWe\texpect\tto\tcontinue\tto\tgenerate\tnet\tpositive\toperating\tcash\tflow\tas\twe\thave\tdone\tin\tthe\tlast\tfive\tfiscal\tyears.\tThe\tcash\twe\tgenerate\tfrom\tour\tcore\noperations\tenables\tus\tto\tfund\tongoing\toperations\tand\tproduction,\tour\tresearch\tand\tdevelopment\tprojects\tfor\tnew\tproducts\tand\ttechnologies\tincluding\tour\nproprietary\tbattery\tcells,\tadditional\tmanufacturing\tramps\tat\texisting\tmanufacturing\tfacilities,\tthe\tconstruction\tof\tfuture\tfactories,\tand\tthe\tcontinued\nexpansion\tof\tour\tretail\tand\tservice\tlocations,\tbody\tshops,\tMobile\tService\tfleet,\tSupercharger,\tincluding\tto\tsupport\tNACS,\tenergy\tproduct\tinstallation\ncapabilities\tand\tautonomy\tand\tother\tartificial\tintelligence\tenabled\tproducts.\n42"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45db0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 43, "chroma:document": "In\taddition,\tbecause\ta\tlarge\tportion\tof\tour\tfuture\texpenditures\twill\tbe\tto\tfund\tour\tgrowth,\twe\texpect\tthat\tif\tneeded\twe\twill\tbe\table\tto\tadjust\tour\ncapital\tand\toperating\texpenditures\tby\toperating\tsegment.\tFor\texample,\tif\tour\tnear-term\tmanufacturing\toperations\tdecrease\tin\tscale\tor\tramp\tmore\tslowly\nthan\texpected,\tincluding\tdue\tto\tglobal\teconomic\tor\tbusiness\tconditions,\twe\tmay\tchoose\tto\tcorrespondingly\tslow\tthe\tpace\tof\tour\tcapital\texpenditures.\nFinally,\twe\tcontinually\tevaluate\tour\tcash\tneeds\tand\tmay\tdecide\tit\tis\tbest\tto\traise\tadditional\tcapital\tor\tseek\talternative\tfinancing\tsources\tto\tfund\tthe\trapid\ngrowth\tof\tour\tbusiness,\tincluding\tthrough\tdrawdowns\ton\texisting\tor\tnew\tdebt\tfacilities\tor\tfinancing\tfunds.\tConversely,\twe\tmay\talso\tfrom\ttime\tto\ttime\ndetermine\tthat\tit\tis\tin\tour\tbest\tinterests\tto\tvoluntarily\trepay\tcertain\tindebtedness\tearly.\nAccordingly,\twe\tbelieve\tthat\tour\tcurrent\tsources\tof\tfunds\twill\tprovide\tus\twith\tadequate\tliquidity\tduring\tthe\t12-month\tperiod\tfollowing\tDecember\t31,\n2023,\tas\twell\tas\tin\tthe\tlong-term.\nSee\tthe\tsections\tbelow\tfor\tmore\tdetails\tregarding\tthe\tmaterial\trequirements\tfor\tcash\tin\tour\tbusiness\tand\tour\tsources\tof\tliquidity\tto\tmeet\tsuch\nneeds.\nMaterial\tCash\tRequirements\nFrom\ttime\tto\ttime\tin\tthe\tordinary\tcourse\tof\tbusiness,\twe\tenter\tinto\tagreements\twith\tvendors\tfor\tthe\tpurchase\tof\tcomponents\tand\traw\tmaterials\tto\nbe\tused\tin\tthe\tmanufacture\tof\tour\tproducts.\tHowever,\tdue\tto\tcontractual\tterms,\tvariability\tin\tthe\tprecise\tgrowth\tcurves\tof\tour\tdevelopment\tand\nproduction\tramps,\tand\topportunities\tto\trenegotiate\tpricing,\twe\tgenerally\tdo\tnot\thave\tbinding\tand\tenforceable\tpurchase\torders\tunder\tsuch\tcontracts"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45e28-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 43, "chroma:document": "beyond\tthe\tshort-term,\tand\tthe\ttiming\tand\tmagnitude\tof\tpurchase\torders\tbeyond\tsuch\tperiod\tis\tdifficult\tto\taccurately\tproject.\nAs\tdiscussed\tin\tand\tsubject\tto\tthe\tconsiderations\treferenced\tin\tPart\tII,\tItem\t7,\tManagement's\tDiscussion\tand\tAnalysis\tof\tFinancial\tCondition\tand\nResults\tof\tOperations\u2014Management\tOpportunities,\tChallenges\tand\tUncertainties\tand\t2023\tOutlook\u2014Cash\tFlow\tand\tCapital\tExpenditure\tTrends\tin\tthis\nAnnual\tReport\ton\tForm\t10-K,\twe\tcurrently\texpect\tour\tcapital\texpenditures\tto\tsupport\tour\tprojects\tglobally\tto\texceed\t$10.00\tbillion\tin\t2024\tand\tbe\nbetween\t$8.00\tto\t$10.00\tbillion\tin\teach\tof\tthe\tfollowing\ttwo\tfiscal\tyears.\tIn\tconnection\twith\tour\toperations\tat\tGigafactory\tNew\tYork,\twe\thave\tan\nagreement\tto\tspend\tor\tincur\t$5.00\tbillion\tin\tcombined\tcapital,\toperational\texpenses,\tcosts\tof\tgoods\tsold\tand\tother\tcosts\tin\tthe\tState\tof\tNew\tYork\tthrough\nDecember\t31,\t2029\t(pursuant\tto\ta\tdeferral\tof\tour\trequired\ttimelines\tto\tmeet\tsuch\tobligations\tthat\twas\tgranted\tin\tApril\t2021,\tand\twhich\twas\tmemorialized\nin\tan\tamendment\tto\tour\tagreement\twith\tthe\tSUNY\tFoundation\tin\tAugust\t2021).\tFor\tdetails\tregarding\tthese\tobligations,\trefer\tto\tNote\t15,\t\nCommitments\nand\tContingencies\n,\tto\tthe\tconsolidated\tfinancial\tstatements\tincluded\telsewhere\tin\tthis\tAnnual\tReport\ton\tForm\t10-K.\nAs\tof\tDecember\t31,\t2023,\twe\tand\tour\tsubsidiaries\thad\toutstanding\t$4.68\tbillion\tin\taggregate\tprincipal\tamount\tof\tindebtedness,\tof\twhich\t$1.98"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45e8c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 43, "chroma:document": "billion\tis\tscheduled\tto\tbecome\tdue\tin\tthe\tsucceeding\t12\tmonths.\tAs\tof\tDecember\t31,\t2023,\tour\ttotal\tminimum\tlease\tpayments\twas\t$5.96\tbillion,\tof\twhich\n$1.31\tbillion\tis\tdue\tin\tthe\tsucceeding\t12\tmonths.\tFor\tdetails\tregarding\tour\tindebtedness\tand\tlease\tobligations,\trefer\tto\tNote\t11,\t\nDebt\n,\tand\tNote\t12,\nLeases\n,\tto\tthe\tconsolidated\tfinancial\tstatements\tincluded\telsewhere\tin\tthis\tAnnual\tReport\ton\tForm\t10-K.\nSources\tand\tConditions\tof\tLiquidity\nOur\tsources\tto\tfund\tour\tmaterial\tcash\trequirements\tare\tpredominantly\tfrom\tour\tdeliveries\tand\tservicing\tof\tnew\tand\tused\tvehicles,\tsales\tand\ninstallations\tof\tour\tenergy\tstorage\tproducts\tand\tsolar\tenergy\tsystems,\tproceeds\tfrom\tdebt\tfacilities\tand\tproceeds\tfrom\tequity\tofferings,\twhen\tapplicable.\nAs\tof\tDecember\t31,\t2023,\twe\thad\t$16.40\tbillion\tand\t$12.70\tbillion\tof\tcash\tand\tcash\tequivalents\tand\tshort-term\tinvestments,\trespectively.\tBalances\nheld\tin\tforeign\tcurrencies\thad\ta\tU.S.\tdollar\tequivalent\tof\t$4.43\tbillion\tand\tconsisted\tprimarily\tof\tChinese\tyuan\tand\teuros.\tWe\thad\t$5.03\tbillion\tof\tunused\ncommitted\tcredit\tamounts\tas\tof\tDecember\t31,\t2023.\tFor\tdetails\tregarding\tour\tindebtedness,\trefer\tto\tNote\t11,\t\nDebt\n,\tto\tthe\tconsolidated\tfinancial\nstatements\tincluded\telsewhere\tin\tthis\tAnnual\tReport\ton\tForm\t10-K.\nWe\tcontinue\tadapting\tour\tstrategy\tto\tmeet\tour\tliquidity\tand\trisk\tobjectives,\tsuch\tas\tinvesting\tin\tU.S.\tgovernment\tsecurities\tand\tother\tinvestments,\nto\tdo\tmore\tvertical\tintegration,\texpand\tour\tproduct\troadmap\tand\tprovide\tfinancing\toptions\tto\tour\tcustomers.\n43"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45ee6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 44, "chroma:document": "Summary\tof\tCash\tFlows\n\t\nYear\tEnded\tDecember\t31,\n(Dollars\tin\tmillions)\n2023\n2022\n2021\nNet\tcash\tprovided\tby\toperating\tactivities\n$\n13,256\t\n$\n14,724\t\n$\n11,497\t\nNet\tcash\tused\tin\tinvesting\tactivities\n$\n(15,584)\n$\n(11,973)\n$\n(7,868)\nNet\tcash\tprovided\tby\t(used\tin)\tfinancing\tactivities\n$\n2,589\t\n$\n(3,527)\n$\n(5,203)\nCash\tFlows\tfrom\tOperating\tActivities\nOur\tcash\tflows\tfrom\toperating\tactivities\tare\tsignificantly\taffected\tby\tour\tcash\tinvestments\tto\tsupport\tthe\tgrowth\tof\tour\tbusiness\tin\tareas\tsuch\tas\nresearch\tand\tdevelopment\tand\tselling,\tgeneral\tand\tadministrative\tand\tworking\tcapital.\tOur\toperating\tcash\tinflows\tinclude\tcash\tfrom\tvehicle\tsales\tand\nrelated\tservicing,\tcustomer\tlease\tand\tfinancing\tpayments,\tcustomer\tdeposits,\tcash\tfrom\tsales\tof\tregulatory\tcredits\tand\tenergy\tgeneration\tand\tstorage\nproducts,\tand\tinterest\tincome\ton\tour\tcash\tand\tinvestments\tportfolio.\tThese\tcash\tinflows\tare\toffset\tby\tour\tpayments\tto\tsuppliers\tfor\tproduction\tmaterials\nand\tparts\tused\tin\tour\tmanufacturing\tprocess,\toperating\texpenses,\toperating\tlease\tpayments\tand\tinterest\tpayments\ton\tour\tfinancings.\nNet\tcash\tprovided\tby\toperating\tactivities\tdecreased\tby\t$1.47\tbillion\tto\t$13.26\tbillion\tduring\tthe\tyear\tended\tDecember\t31,\t2023\tfrom\t$14.72\tbillion\nduring\tthe\tyear\tended\tDecember\t31,\t2022.\tThis\tdecrease\twas\tprimarily\tdue\tto\tthe\tdecrease\tin\tnet\tincome\texcluding\tnon-cash\texpenses,\tgains\tand\tlosses"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45f4a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 44, "chroma:document": "of\t$2.93\tbillion,\tpartially\toffset\tby\tfavorable\tchanges\tin\tnet\toperating\tassets\tand\tliabilities\tof\t$1.46\tbillion.\nCash\tFlows\tfrom\tInvesting\tActivities\nCash\tflows\tfrom\tinvesting\tactivities\tand\ttheir\tvariability\tacross\teach\tperiod\trelated\tprimarily\tto\tcapital\texpenditures,\twhich\twere\t$8.90\tbillion\tfor\tthe\nyear\tended\tDecember\t31,\t2023\tand\t$7.16\tbillion\tfor\tthe\tyear\tended\tDecember\t31,\t2022,\tmainly\tfor\tglobal\tfactory\texpansion\tand\tmachinery\tand\nequipment\tas\twe\texpand\tour\tproduct\troadmap.\tWe\talso\tpurchased\t$6.62\tbillion\tand\t$5.81\tbillion\tof\tinvestments,\tnet\tof\tproceeds\tfrom\tmaturities\tand\nsales,\tfor\tthe\tyear\tended\tDecember\t31,\t2023\tand\t2022,\trespectively.\tAdditionally,\tproceeds\tfrom\tsales\tof\tdigital\tassets\twas\t$936\tmillion\tin\tthe\tyear\nended\tDecember\t31,\t2022.\nCash\tFlows\tfrom\tFinancing\tActivities\nNet\tcash\tfrom\tfinancing\tactivities\tchanged\tby\t$6.12\tbillion\tto\t$2.59\tbillion\tnet\tcash\tprovided\tby\tfinancing\tactivities\tduring\tthe\tyear\tended\nDecember\t31,\t2023\tfrom\t$3.53\tbillion\tnet\tcash\tused\tin\tfinancing\tactivities\tduring\tthe\tyear\tended\tDecember\t31,\t2022.\tThe\tchange\twas\tprimarily\tdue\tto\ta\n$3.93\tbillion\tincrease\tin\tproceeds\tfrom\tissuances\tof\tdebt\tand\ta\t$2.01\tbillion\tdecrease\tin\trepayments\tof\tdebt.\tSee\tNote\t11,\t\nDebt\n,\tto\tthe\tconsolidated\nfinancial\tstatements\tincluded\telsewhere\tin\tthis\tAnnual\tReport\ton\tForm\t10-K\tfor\tfurther\tdetails\tregarding\tour\tdebt\tobligations.\nRecent\tAccounting\tPronouncements\nSee\tNote\t2,\t\nSummary\tof\tSignificant\tAccounting\tPolicies"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d45fe0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 44, "chroma:document": "Summary\tof\tSignificant\tAccounting\tPolicies\n,\tto\tthe\tconsolidated\tfinancial\tstatements\tincluded\telsewhere\tin\tthis\tAnnual\tReport\ton\tForm\n10-K.\n44"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4603a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 45, "chroma:document": "ITEM\t7A.\tQUANTITATIVE\tAND\tQUALITATIVE\tDISCLOSURES\tABOUT\tMARKET\tRISK\nForeign\tCurrency\tRisk\nWe\ttransact\tbusiness\tglobally\tin\tmultiple\tcurrencies\tand\thence\thave\tforeign\tcurrency\trisks\trelated\tto\tour\trevenue,\tcosts\tof\trevenue\tand\toperating\nexpenses\tdenominated\tin\tcurrencies\tother\tthan\tthe\tU.S.\tdollar\t(primarily\tthe\tChinese\tyuan\tand\teuro\tin\trelation\tto\tour\tcurrent\tyear\toperations).\tIn\tgeneral,\nwe\tare\ta\tnet\treceiver\tof\tcurrencies\tother\tthan\tthe\tU.S.\tdollar\tfor\tour\tforeign\tsubsidiaries.\tAccordingly,\tchanges\tin\texchange\trates\taffect\tour\toperating\nresults\tas\texpressed\tin\tU.S.\tdollars\tas\twe\tdo\tnot\ttypically\thedge\tforeign\tcurrency\trisk.\nWe\thave\talso\texperienced,\tand\twill\tcontinue\tto\texperience,\tfluctuations\tin\tour\tnet\tincome\tas\ta\tresult\tof\tgains\t(losses)\ton\tthe\tsettlement\tand\tthe\tre-\nmeasurement\tof\tmonetary\tassets\tand\tliabilities\tdenominated\tin\tcurrencies\tthat\tare\tnot\tthe\tlocal\tcurrency\t(primarily\tconsisting\tof\tour\tintercompany\tand\ncash\tand\tcash\tequivalents\tbalances).\nWe\tconsidered\tthe\thistorical\ttrends\tin\tforeign\tcurrency\texchange\trates\tand\tdetermined\tthat\tit\tis\treasonably\tpossible\tthat\tadverse\tchanges\tin\tforeign\ncurrency\texchange\trates\tof\t10%\tfor\tall\tcurrencies\tcould\tbe\texperienced\tin\tthe\tnear-term.\tThese\tchanges\twere\tapplied\tto\tour\ttotal\tmonetary\tassets\tand\nliabilities\tdenominated\tin\tcurrencies\tother\tthan\tour\tlocal\tcurrencies\tat\tthe\tbalance\tsheet\tdate\tto\tcompute\tthe\timpact\tthese\tchanges\twould\thave\thad\ton\nour\tnet\tincome\tbefore\tincome\ttaxes.\tThese\tchanges\twould\thave\tresulted\tin\ta\tgain\tor\tloss\tof\t$1.01\tbillion\tat\tDecember\t31,\t2023\tand\t$473\tmillion\tat\nDecember\t31,\t2022,\tassuming\tno\tforeign\tcurrency\thedging.\n45"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4609e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 46, "chroma:document": "ITEM\t8.\tFINANCIAL\tSTATEMENTS\tAND\tSUPPLEMENTARY\tDATA\nIndex\tto\tConsolidated\tFinancial\tStatements\nPage\nReport\tof\tIndependent\tRegistered\tPublic\tAccounting\tFirm\n\t(PCAOB\tID:\t\n238\n)\n47\nConsolidated\tBalance\tSheets\n49\nConsolidated\tStatements\tof\tOperations\n50\nConsolidated\tStatements\tof\tComprehensive\tIncome\n51\nConsolidated\tStatements\tof\tRedeemable\tNoncontrolling\tInterests\tand\tEquity\n52\nConsolidated\tStatements\tof\tCash\tFlows\n53\nNotes\tto\tConsolidated\tFinancial\tStatements\n54\n46"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46102-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 47, "chroma:document": "Report\tof\tIndependent\tRegistered\tPublic\tAccounting\tFirm\nTo\tthe\n\t\nBoard\tof\tDirectors\tand\tStockholders\tof\tTesla,\tInc.\nOpinions\ton\tthe\tFinancial\tStatements\tand\tInternal\tControl\tover\tFinancial\tReporting\nWe\thave\taudited\tthe\taccompanying\tconsolidated\tbalance\tsheets\tof\tTesla,\tInc.\tand\tits\tsubsidiaries\t(the\t\u201cCompany\u201d)\tas\tof\tDecember\t31,\t2023\tand\t2022,\nand\tthe\trelated\tconsolidated\tstatements\tof\toperations,\tof\tcomprehensive\tincome,\tof\tredeemable\tnoncontrolling\tinterests\tand\tequity\tand\tof\tcash\tflows\tfor\neach\tof\tthe\tthree\tyears\tin\tthe\tperiod\tended\tDecember\t31,\t2023,\tincluding\tthe\trelated\tnotes\t(collectively\treferred\tto\tas\tthe\t\u201cconsolidated\tfinancial\nstatements\u201d).\tWe\talso\thave\taudited\tthe\tCompany's\tinternal\tcontrol\tover\tfinancial\treporting\tas\tof\tDecember\t31,\t2023,\tbased\ton\tcriteria\testablished\tin\nInternal\tControl\t-\tIntegrated\tFramework\t(2013)\tissued\tby\tthe\tCommittee\tof\tSponsoring\tOrganizations\tof\tthe\tTreadway\tCommission\t(COSO).\nIn\tour\topinion,\tthe\tconsolidated\tfinancial\tstatements\treferred\tto\tabove\tpresent\tfairly,\tin\tall\tmaterial\trespects,\tthe\tfinancial\tposition\tof\tthe\tCompany\tas\tof\nDecember\t31,\t2023\tand\t2022,\tand\tthe\tresults\tof\tits\toperations\tand\tits\tcash\tflows\tfor\teach\tof\tthe\tthree\tyears\tin\tthe\tperiod\tended\tDecember\t31,\t2023\tin\nconformity\twith\taccounting\tprinciples\tgenerally\taccepted\tin\tthe\tUnited\tStates\tof\tAmerica.\tAlso\tin\tour\topinion,\tthe\tCompany\tmaintained,\tin\tall\tmaterial\nrespects,\teffective\tinternal\tcontrol\tover\tfinancial\treporting\tas\tof\tDecember\t31,\t2023,\tbased\ton\tcriteria\testablished\tin\tInternal\tControl\t-\tIntegrated\nFramework\t(2013)\tissued\tby\tthe\tCOSO.\nChanges\tin\tAccounting\tPrinciples"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46166-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 47, "chroma:document": "Changes\tin\tAccounting\tPrinciples\nAs\tdiscussed\tin\tNote\t2\tto\tthe\tconsolidated\tfinancial\tstatements,\tthe\tCompany\tchanged\tthe\tmanner\tin\twhich\tit\taccounts\tfor\tconvertible\tdebt\tin\t2021.\nBasis\tfor\tOpinions\nThe\tCompany's\tmanagement\tis\tresponsible\tfor\tthese\tconsolidated\tfinancial\tstatements,\tfor\tmaintaining\teffective\tinternal\tcontrol\tover\tfinancial\treporting,\nand\tfor\tits\tassessment\tof\tthe\teffectiveness\tof\tinternal\tcontrol\tover\tfinancial\treporting,\tincluded\tin\tManagement\u2019s\tReport\ton\tInternal\tControl\tover\tFinancial\nReporting\tappearing\tunder\tItem\t9A.\tOur\tresponsibility\tis\tto\texpress\topinions\ton\tthe\tCompany\u2019s\tconsolidated\tfinancial\tstatements\tand\ton\tthe\tCompany's\ninternal\tcontrol\tover\tfinancial\treporting\tbased\ton\tour\taudits.\tWe\tare\ta\tpublic\taccounting\tfirm\tregistered\twith\tthe\tPublic\tCompany\tAccounting\tOversight\nBoard\t(United\tStates)\t(PCAOB)\tand\tare\trequired\tto\tbe\tindependent\twith\trespect\tto\tthe\tCompany\tin\taccordance\twith\tthe\tU.S.\tfederal\tsecurities\tlaws\tand\nthe\tapplicable\trules\tand\tregulations\tof\tthe\tSecurities\tand\tExchange\tCommission\tand\tthe\tPCAOB.\nWe\tconducted\tour\taudits\tin\taccordance\twith\tthe\tstandards\tof\tthe\tPCAOB.\tThose\tstandards\trequire\tthat\twe\tplan\tand\tperform\tthe\taudits\tto\tobtain\nreasonable\tassurance\tabout\twhether\tthe\tconsolidated\tfinancial\tstatements\tare\tfree\tof\tmaterial\tmisstatement,\twhether\tdue\tto\terror\tor\tfraud,\tand\twhether\neffective\tinternal\tcontrol\tover\tfinancial\treporting\twas\tmaintained\tin\tall\tmaterial\trespects.\nOur\taudits\tof\tthe\tconsolidated\tfinancial\tstatements\tincluded\tperforming\tprocedures\tto\tassess\tthe\trisks\tof\tmaterial\tmisstatement\tof\tthe\tconsolidated\nfinancial\tstatements,\twhether\tdue\tto\terror\tor\tfraud,\tand\tperforming\tprocedures\tthat\trespond\tto\tthose\trisks.\tSuch\tprocedures\tincluded\texamining,\ton\ta"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d461ca-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 47, "chroma:document": "test\tbasis,\tevidence\tregarding\tthe\tamounts\tand\tdisclosures\tin\tthe\tconsolidated\tfinancial\tstatements.\tOur\taudits\talso\tincluded\tevaluating\tthe\taccounting\nprinciples\tused\tand\tsignificant\testimates\tmade\tby\tmanagement,\tas\twell\tas\tevaluating\tthe\toverall\tpresentation\tof\tthe\tconsolidated\tfinancial\tstatements.\nOur\taudit\tof\tinternal\tcontrol\tover\tfinancial\treporting\tincluded\tobtaining\tan\tunderstanding\tof\tinternal\tcontrol\tover\tfinancial\treporting,\tassessing\tthe\trisk\nthat\ta\tmaterial\tweakness\texists,\tand\ttesting\tand\tevaluating\tthe\tdesign\tand\toperating\teffectiveness\tof\tinternal\tcontrol\tbased\ton\tthe\tassessed\trisk.\tOur\naudits\talso\tincluded\tperforming\tsuch\tother\tprocedures\tas\twe\tconsidered\tnecessary\tin\tthe\tcircumstances.\tWe\tbelieve\tthat\tour\taudits\tprovide\ta\treasonable\nbasis\tfor\tour\topinions.\n47"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46260-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 48, "chroma:document": "Definition\tand\tLimitations\tof\tInternal\tControl\tover\tFinancial\tReporting\nA\tcompany\u2019s\tinternal\tcontrol\tover\tfinancial\treporting\tis\ta\tprocess\tdesigned\tto\tprovide\treasonable\tassurance\tregarding\tthe\treliability\tof\tfinancial\treporting\nand\tthe\tpreparation\tof\tfinancial\tstatements\tfor\texternal\tpurposes\tin\taccordance\twith\tgenerally\taccepted\taccounting\tprinciples.\tA\tcompany\u2019s\tinternal\ncontrol\tover\tfinancial\treporting\tincludes\tthose\tpolicies\tand\tprocedures\tthat\t(i)\tpertain\tto\tthe\tmaintenance\tof\trecords\tthat,\tin\treasonable\tdetail,\taccurately\nand\tfairly\treflect\tthe\ttransactions\tand\tdispositions\tof\tthe\tassets\tof\tthe\tcompany;\t(ii)\tprovide\treasonable\tassurance\tthat\ttransactions\tare\trecorded\tas\nnecessary\tto\tpermit\tpreparation\tof\tfinancial\tstatements\tin\taccordance\twith\tgenerally\taccepted\taccounting\tprinciples,\tand\tthat\treceipts\tand\texpenditures\nof\tthe\tcompany\tare\tbeing\tmade\tonly\tin\taccordance\twith\tauthorizations\tof\tmanagement\tand\tdirectors\tof\tthe\tcompany;\tand\t(iii)\tprovide\treasonable\nassurance\tregarding\tprevention\tor\ttimely\tdetection\tof\tunauthorized\tacquisition,\tuse,\tor\tdisposition\tof\tthe\tcompany\u2019s\tassets\tthat\tcould\thave\ta\tmaterial\neffect\ton\tthe\tfinancial\tstatements.\nBecause\tof\tits\tinherent\tlimitations,\tinternal\tcontrol\tover\tfinancial\treporting\tmay\tnot\tprevent\tor\tdetect\tmisstatements.\tAlso,\tprojections\tof\tany\tevaluation\nof\teffectiveness\tto\tfuture\tperiods\tare\tsubject\tto\tthe\trisk\tthat\tcontrols\tmay\tbecome\tinadequate\tbecause\tof\tchanges\tin\tconditions,\tor\tthat\tthe\tdegree\tof\ncompliance\twith\tthe\tpolicies\tor\tprocedures\tmay\tdeteriorate.\nCritical\tAudit\tMatters\nThe\tcritical\taudit\tmatter\tcommunicated\tbelow\tis\ta\tmatter\tarising\tfrom\tthe\tcurrent\tperiod\taudit\tof\tthe\tconsolidated\tfinancial\tstatements\tthat\twas\ncommunicated\tor\trequired\tto\tbe\tcommunicated\tto\tthe\taudit\tcommittee\tand\tthat\t(i)\trelates\tto\taccounts\tor\tdisclosures\tthat\tare\tmaterial\tto\tthe\tconsolidated"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d462c4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 48, "chroma:document": "financial\tstatements\tand\t(ii)\tinvolved\tour\tespecially\tchallenging,\tsubjective,\tor\tcomplex\tjudgments.\tThe\tcommunication\tof\tcritical\taudit\tmatters\tdoes\tnot\nalter\tin\tany\tway\tour\topinion\ton\tthe\tconsolidated\tfinancial\tstatements,\ttaken\tas\ta\twhole,\tand\twe\tare\tnot,\tby\tcommunicating\tthe\tcritical\taudit\tmatter\tbelow,\nproviding\ta\tseparate\topinion\ton\tthe\tcritical\taudit\tmatter\tor\ton\tthe\taccounts\tor\tdisclosures\tto\twhich\tit\trelates.\nAutomotive\tWarranty\tReserve\nAs\tdescribed\tin\tNote\t2\tto\tthe\tconsolidated\tfinancial\tstatements,\ttotal\taccrued\twarranty,\twhich\tprimarily\trelates\tto\tthe\tautomotive\tsegment,\twas\t$5,152\nmillion\tas\tof\tDecember\t31,\t2023.\tThe\tCompany\tprovides\ta\tmanufacturer\u2019s\twarranty\ton\tall\tnew\tand\tused\tTesla\tvehicles.\tA\twarranty\treserve\tis\taccrued\tfor\nthese\tproducts\tsold,\twhich\tincludes\tmanagement\u2019s\tbest\testimate\tof\tthe\tprojected\tcosts\tto\trepair\tor\treplace\titems\tunder\twarranty\tand\trecalls\tif\tidentified.\nThese\testimates\tare\tbased\ton\tactual\tclaims\tincurred\tto\tdate\tand\tan\testimate\tof\tthe\tnature,\tfrequency\tand\tcosts\tof\tfuture\tclaims.\nThe\tprincipal\tconsiderations\tfor\tour\tdetermination\tthat\tperforming\tprocedures\trelating\tto\tthe\tautomotive\twarranty\treserve\tis\ta\tcritical\taudit\tmatter\tare\nthe\tsignificant\tjudgment\tby\tmanagement\tin\tdetermining\tthe\tautomotive\twarranty\treserve\tfor\tcertain\tTesla\tvehicle\tmodels;\tthis\tin\tturn\tled\tto\tsignificant\nauditor\tjudgment,\tsubjectivity,\tand\teffort\tin\tperforming\tprocedures\tto\tevaluate\tmanagement\u2019s\tsignificant\tassumptions\trelated\tto\tthe\tnature,\tfrequency\nand\tcosts\tof\tfuture\tclaims\tfor\tcertain\tTesla\tvehicle\tmodels,\tand\tthe\taudit\teffort\tinvolved\tthe\tuse\tof\tprofessionals\twith\tspecialized\tskill\tand\tknowledge."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46328-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 48, "chroma:document": "Addressing\tthe\tmatter\tinvolved\tperforming\tprocedures\tand\tevaluating\taudit\tevidence\tin\tconnection\twith\tforming\tour\toverall\topinion\ton\tthe\tconsolidated\nfinancial\tstatements.\tThese\tprocedures\tincluded\ttesting\tthe\teffectiveness\tof\tcontrols\trelating\tto\tmanagement\u2019s\testimate\tof\tthe\tautomotive\twarranty\nreserve\tfor\tcertain\tTesla\tvehicle\tmodels,\tincluding\tcontrols\tover\tmanagement\u2019s\tsignificant\tassumptions\trelated\tto\tthe\tnature,\tfrequency\tand\tcosts\tof\nfuture\tclaims\tas\twell\tas\tthe\tcompleteness\tand\taccuracy\tof\tactual\tclaims\tincurred\tto\tdate.\tThese\tprocedures\talso\tincluded,\tamong\tothers,\tperforming\tone\nof\tthe\tfollowing:\t(i)\ttesting\tmanagement\u2019s\tprocess\tfor\tdetermining\tthe\tautomotive\twarranty\treserve\tfor\tcertain\tTesla\tvehicle\tmodels\tor\t(ii)\tdeveloping\tan\nindependent\testimate\tof\tthe\tautomotive\twarranty\treserve\tfor\tcertain\tTesla\tvehicle\tmodels\tand\tcomparing\tthe\tindependent\testimate\tto\tmanagement\u2019s\nestimate\tto\tevaluate\tthe\treasonableness\tof\tthe\testimate.\tTesting\tmanagement\u2019s\tprocess\tinvolved\tevaluating\tthe\treasonableness\tof\tsignificant\nassumptions\trelated\tto\tthe\tnature\tand\tfrequency\tof\tfuture\tclaims\tand\tthe\trelated\tcosts\tto\trepair\tor\treplace\titems\tunder\twarranty.\tEvaluating\tthe\nassumptions\trelated\tto\tthe\tnature\tand\tfrequency\tof\tfuture\tclaims\tand\tthe\trelated\tcosts\tto\trepair\tor\treplace\titems\tunder\twarranty\tinvolved\tevaluating\nwhether\tthe\tassumptions\tused\twere\treasonable\tby\tperforming\ta\tlookback\tanalysis\tcomparing\tprior\tperiod\tforecasted\tclaims\tto\tactual\tclaims\tincurred.\nDeveloping\tthe\tindependent\testimate\tinvolved\ttesting\tthe\tcompleteness\tand\taccuracy\tof\thistorical\tvehicle\tclaims\tprocessed\tand\ttesting\tthat\tsuch\tclaims\nwere\tappropriately\tused\tby\tmanagement\tin\tthe\testimation\tof\tfuture\tclaims.\tProfessionals\twith\tspecialized\tskill\tand\tknowledge\twere\tused\tto\tassist\tin"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46382-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 48, "chroma:document": "developing\tan\tindependent\testimate\tof\tthe\tautomotive\twarranty\treserve\tfor\tcertain\tTesla\tvehicle\tmodels\tand\tin\tevaluating\tthe\tappropriateness\tof\tcertain\naspects\tof\tmanagement\u2019s\tsignificant\tassumptions\trelated\tto\tthe\tnature\tand\tfrequency\tof\tfuture\tclaims.\n/s/\t\nPricewaterhouseCoopers\tLLP\nSan\tJose,\tCalifornia\nJanuary\t26,\t2024\nWe\thave\tserved\tas\tthe\tCompany\u2019s\tauditor\tsince\t2005.\n48"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d463e6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 49, "chroma:document": "Tesla,\tInc.\nConsolidated\tBalance\tSheets\n(in\tmillions,\texcept\tper\tshare\tdata)\nDecember\t31,\n2023\nDecember\t31,\n2022\nAssets\nCurrent\tassets\nCash\tand\tcash\tequivalents\n$\n16,398\n\t\n$\n16,253\n\t\nShort-term\tinvestments\n12,696\n\t\n5,932\n\t\nAccounts\treceivable,\tnet\n3,508\n\t\n2,952\n\t\nInventory\n13,626\n\t\n12,839\n\t\nPrepaid\texpenses\tand\tother\tcurrent\tassets\n3,388\n\t\n2,941\n\t\nTotal\tcurrent\tassets\n49,616\n\t\n40,917\n\t\nOperating\tlease\tvehicles,\tnet\n5,989\n\t\n5,035\n\t\nSolar\tenergy\tsystems,\tnet\n5,229\n\t\n5,489\n\t\nProperty,\tplant\tand\tequipment,\tnet\n29,725\n\t\n23,548\n\t\nOperating\tlease\tright-of-use\tassets\n4,180\n\t\n2,563\n\t\nDigital\tassets,\tnet\n184\n\t\n184\n\t\nIntangible\tassets,\tnet\n178\n\t\n215\n\t\nGoodwill\n253\n\t\n194\n\t\nDeferred\ttax\tassets\n6,733\n\t\n328\n\t\nOther\tnon-current\tassets\n4,531\n\t\n3,865\n\t\nTotal\tassets\n$\n106,618\n\t\n$\n82,338\n\t\nLiabilities\nCurrent\tliabilities\nAccounts\tpayable\n$\n14,431\n\t\n$\n15,255\n\t\nAccrued\tliabilities\tand\tother\n9,080\n\t\n8,205\n\t\nDeferred\trevenue\n2,864\n\t\n1,747\n\t\nCurrent\tportion\tof\tdebt\tand\tfinance\tleases\n2,373\n\t\n1,502\n\t\nTotal\tcurrent\tliabilities\n28,748\n\t\n26,709\n\t\nDebt\tand\tfinance\tleases,\tnet\tof\tcurrent\tportion\n2,857\n\t\n1,597\n\t\nDeferred\trevenue,\tnet\tof\tcurrent\tportion\n3,251\n\t\n2,804\n\t\nOther\tlong-term\tliabilities\n8,153"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4644a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 49, "chroma:document": "Other\tlong-term\tliabilities\n8,153\n\t\n5,330\n\t\nTotal\tliabilities\n43,009\n\t\n36,440\n\t\nCommitments\tand\tcontingencies\t(Note\t15)\nRedeemable\tnoncontrolling\tinterests\tin\tsubsidiaries\n242\n\t\n409\n\t\nEquity\nStockholders\u2019\tequity\nPreferred\tstock;\t$\n0.001\n\tpar\tvalue;\t\n100\n\tshares\tauthorized;\t\nno\n\tshares\tissued\tand\toutstanding\n\u2014\n\t\n\u2014\n\t\nCommon\tstock;\t$\n0.001\n\tpar\tvalue;\t\n6,000\n\tshares\tauthorized;\t\n3,185\n\tand\t\n3,164\n\tshares\tissued\tand\toutstanding\tas\tof\nDecember\t31,\t2023\tand\t2022,\trespectively\n3\n\t\n3\n\t\nAdditional\tpaid-in\tcapital\n34,892\n\t\n32,177\n\t\nAccumulated\tother\tcomprehensive\tloss\n(\n143\n)\n(\n361\n)\nRetained\tearnings\n27,882\n\t\n12,885\n\t\nTotal\tstockholders\u2019\tequity\n62,634\n\t\n44,704\n\t\nNoncontrolling\tinterests\tin\tsubsidiaries\n733\n\t\n785\n\t\nTotal\tliabilities\tand\tequity\n$\n106,618\n\t\n$\n82,338\n\t\nThe\taccompanying\tnotes\tare\tan\tintegral\tpart\tof\tthese\tconsolidated\tfinancial\tstatements.\n49"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d464ae-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 50, "chroma:document": "Tesla,\tInc.\nConsolidated\tStatements\tof\tOperations\n(in\tmillions,\texcept\tper\tshare\tdata)\nYear\tEnded\tDecember\t31,\n2023\n2022\n2021\nRevenues\nAutomotive\tsales\n$\n78,509\n\t\n$\n67,210\n\t\n$\n44,125\n\t\nAutomotive\tregulatory\tcredits\n1,790\n\t\n1,776\n\t\n1,465\n\t\nAutomotive\tleasing\n2,120\n\t\n2,476\n\t\n1,642\n\t\nTotal\tautomotive\trevenues\n82,419\n\t\n71,462\n\t\n47,232\n\t\nEnergy\tgeneration\tand\tstorage\n6,035\n\t\n3,909\n\t\n2,789\n\t\nServices\tand\tother\n8,319\n\t\n6,091\n\t\n3,802\n\t\nTotal\trevenues\n96,773\n\t\n81,462\n\t\n53,823\n\t\nCost\tof\trevenues\nAutomotive\tsales\n65,121\n\t\n49,599\n\t\n32,415\n\t\nAutomotive\tleasing\n1,268\n\t\n1,509\n\t\n978\n\t\nTotal\tautomotive\tcost\tof\trevenues\n66,389\n\t\n51,108\n\t\n33,393\n\t\nEnergy\tgeneration\tand\tstorage\n4,894\n\t\n3,621\n\t\n2,918\n\t\nServices\tand\tother\n7,830\n\t\n5,880\n\t\n3,906\n\t\nTotal\tcost\tof\trevenues\n79,113\n\t\n60,609\n\t\n40,217\n\t\nGross\tprofit\n17,660\n\t\n20,853\n\t\n13,606\n\t\nOperating\texpenses\nResearch\tand\tdevelopment\n3,969\n\t\n3,075\n\t\n2,593\n\t\nSelling,\tgeneral\tand\tadministrative\n4,800\n\t\n3,946\n\t\n4,517\n\t\nRestructuring\tand\tother\n\u2014\n\t\n176\n\t\n(\n27\n)\nTotal\toperating\texpenses\n8,769\n\t\n7,197\n\t\n7,083\n\t\nIncome\tfrom\toperations\n8,891\n\t\n13,656"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46508-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 50, "chroma:document": "8,891\n\t\n13,656\n\t\n6,523\n\t\nInterest\tincome\n1,066\n\t\n297\n\t\n56\n\t\nInterest\texpense\n(\n156\n)\n(\n191\n)\n(\n371\n)\nOther\tincome\t(expense),\tnet\n172\n\t\n(\n43\n)\n135\n\t\nIncome\tbefore\tincome\ttaxes\n9,973\n\t\n13,719\n\t\n6,343\n\t\n(Benefit\tfrom)\tprovision\tfor\tincome\ttaxes\n(\n5,001\n)\n1,132\n\t\n699\n\t\nNet\tincome\n14,974\n\t\n12,587\n\t\n5,644\n\t\nNet\t(loss)\tincome\tattributable\tto\tnoncontrolling\tinterests\tand\tredeemable\tnoncontrolling\tinterests\nin\tsubsidiaries\n(\n23\n)\n31\n\t\n125\n\t\nNet\tincome\tattributable\tto\tcommon\tstockholders\n$\n14,997\n\t\n$\n12,556\n\t\n$\n5,519\n\t\n\t\nNet\tincome\tper\tshare\tof\tcommon\tstock\tattributable\tto\tcommon\tstockholders\nBasic\n$\n4.73\n\t\n$\n4.02\n\t\n$\n1.87\n\t\nDiluted\n$\n4.30\n\t\n$\n3.62\n\t\n$\n1.63\n\t\nWeighted\taverage\tshares\tused\tin\tcomputing\tnet\tincome\tper\tshare\tof\tcommon\tstock\nBasic\n3,174\n3,130\n2,959\nDiluted\n3,485\n3,475\n3,386\nThe\taccompanying\tnotes\tare\tan\tintegral\tpart\tof\tthese\tconsolidated\tfinancial\tstatements.\n50"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4656c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 51, "chroma:document": "Tesla,\tInc.\nConsolidated\tStatements\tof\tComprehensive\tIncome\n(in\tmillions)\nYear\tEnded\tDecember\t31,\n2023\n2022\n2021\nNet\tincome\n$\n14,974\n\t\n$\n12,587\n\t\n$\n5,644\n\t\nOther\tcomprehensive\tincome\t(loss):\nForeign\tcurrency\ttranslation\tadjustment\n198\n\t\n(\n392\n)\n(\n308\n)\nUnrealized\tnet\tgain\t(loss)\ton\tinvestments\n16\n\t\n(\n23\n)\n(\n1\n)\nAdjustment\tfor\tnet\tloss\trealized\tand\tincluded\tin\tnet\tincome\t\t\t\t\n4\n\t\n\u2014\n\t\n\u2014\n\t\nComprehensive\tincome\n15,192\n\t\n12,172\n\t\n5,335\n\t\nLess:\tComprehensive\t(loss)\tincome\tattributable\tto\tnoncontrolling\tinterests\tand\nredeemable\tnoncontrolling\tinterests\tin\tsubsidiaries\n(\n23\n)\n31\n\t\n125\n\t\nComprehensive\tincome\tattributable\tto\tcommon\tstockholders\n$\n15,215\n\t\n$\n12,141\n\t\n$\n5,210\n\t\nThe\taccompanying\tnotes\tare\tan\tintegral\tpart\tof\tthese\tconsolidated\tfinancial\tstatements.\n51"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d465c6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 52, "chroma:document": "Tesla,\tInc.\nConsolidated\tStatements\tof\tRedeemable\tNoncontrolling\tInterests\tand\tEquity\n(in\tmillions)\nRedeemable\nNoncontrolling\nInterests\nCommon\tStock\nAdditional\nPaid-In\nCapital\nAccumulated\nOther\nComprehensive\nIncome\t(Loss)\n(Accumulated\nDeficit)\nRetained\nEarnings\nTotal\nStockholders\u2019\nEquity\nNoncontrolling\nInterests\tin\nSubsidiaries\nTotal\nEquity\nShares\nAmount\nBalance\tas\tof\tDecember\t31,\t2020\n$\n604\n\t\n2,879\n$\n3\n\t\n$\n27,260\n\t\n$\n363\n\t\n$\n(\n5,401\n)\n$\n22,225\n\t\n$\n850\n\t\n$\n23,075\n\t\nAdjustments\tfor\tprior\tperiods\tfrom\tadopting\tASU\t2020-06\n\u2014\t\n\u2014\n\u2014\t\n(\n474\n)\n\u2014\t\n211\n\t\n(\n263\n)\n\u2014\t\n(\n263\n)\nExercises\tof\tconversion\tfeature\tof\tconvertible\tsenior\tnotes\n\u2014\t\n2\n\u2014\t\n6\n\t\n\u2014\t\n\u2014\t\n6\n\t\n\u2014\t\n6\n\t\nSettlements\tof\twarrants\n\u2014\t\n112\n\u2014\t\n\u2014\t\n\u2014\t\n\u2014\t\n\u2014\t\n\u2014\t\n\u2014\n\t\nIssuance\tof\tcommon\tstock\tfor\tequity\tincentive\tawards\n\u2014\t\n107\n\u2014\t\n707\n\t\n\u2014\t\n\u2014\t\n707\n\t\n\u2014\t\n707\n\t\nStock-based\tcompensation\n\u2014\t\n\u2014\n\u2014\t\n2,299\n\t\n\u2014\t\n\u2014\t\n2,299\n\t\n\u2014\t\n2,299\n\t\nContributions\tfrom\tnoncontrolling\tinterests\n2\n\t\n\u2014\n\u2014\t\n\u2014\t\n\u2014\t\n\u2014\t\n\u2014\t\n\u2014\t\n\u2014\n\t\nDistributions\tto\tnoncontrolling\tinterests\n(\n66\n)\n\u2014\n\u2014\t\n\u2014\t\n\u2014\t\n\u2014\t\n\u2014\t\n(\n106\n)\n(\n106\n)\nBuy-outs\tof\tnoncontrolling\tinterests\n("}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46620-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 52, "chroma:document": "106\n)\nBuy-outs\tof\tnoncontrolling\tinterests\n(\n15\n)\n\u2014\n\u2014\t\n5\n\t\n\u2014\t\n\u2014\t\n5\n\t\n\u2014\t\n5\n\t\nNet\tincome\n43\n\t\n\u2014\n\u2014\t\n\u2014\t\n\u2014\t\n5,519\n\t\n5,519\n\t\n82\n\t\n5,601\n\t\nOther\tcomprehensive\tloss\n\u2014\t\n\u2014\n\u2014\t\n\u2014\t\n(\n309\n)\n\u2014\t\n(\n309\n)\n\u2014\t\n(\n309\n)\nBalance\tas\tof\tDecember\t31,\t2021\n$\n568\n\t\n3,100\n$\n3\n\t\n$\n29,803\n\t\n$\n54\n\t\n$\n329\n\t\n$\n30,189\n\t\n$\n826\n\t\n$\n31,015\n\t\nSettlements\tof\twarrants\n\u2014\t\n37\n\u2014\t\n\u2014\t\n\u2014\t\n\u2014\t\n\u2014\t\n\u2014\t\n\u2014\n\t\nIssuance\tof\tcommon\tstock\tfor\tequity\tincentive\tawards\n\u2014\t\n27\n\u2014\t\n541\n\t\n\u2014\t\n\u2014\t\n541\n\t\n\u2014\t\n541\n\t\nStock-based\tcompensation\n\u2014\t\n\u2014\n\u2014\t\n1,806\n\t\n\u2014\t\n\u2014\t\n1,806\n\t\n\u2014\t\n1,806\n\t\nDistributions\tto\tnoncontrolling\tinterests\n(\n46\n)\n\u2014\n\u2014\t\n\u2014\t\n\u2014\t\n\u2014\t\n\u2014\t\n(\n113\n)\n(\n113\n)\nBuy-outs\tof\tnoncontrolling\tinterests\n(\n11\n)\n\u2014\n\u2014\t\n27\n\t\n\u2014\t\n\u2014\t\n27\n\t\n(\n61\n)\n(\n34\n)\nNet\t(loss)\tincome\n(\n102\n)\n\u2014\n\u2014\t\n\u2014\t\n\u2014\t\n12,556\n\t\n12,556\n\t\n133\n\t\n12,689\n\t\nOther\tcomprehensive\tloss\n\u2014\t\n\u2014\n\u2014\t\n\u2014\t\n(\n415\n)\n\u2014\t\n(\n415\n)\n\u2014\t\n(\n415\n)\nBalance\tas\tof\tDecember\t31,\t2022"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4667a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 52, "chroma:document": "415\n)\nBalance\tas\tof\tDecember\t31,\t2022\n$\n409\n\t\n3,164\n$\n3\n\t\n$\n32,177\n\t\n$\n(\n361\n)\n$\n12,885\n\t\n$\n44,704\n\t\n$\n785\n\t\n$\n45,489\n\t\nIssuance\tof\tcommon\tstock\tfor\tequity\tincentive\tawards\n\u2014\t\n21\n\u2014\t\n700\n\t\n\u2014\t\n\u2014\t\n700\n\t\n\u2014\t\n700\n\t\nStock-based\tcompensation\n\u2014\t\n\u2014\n\u2014\t\n2,013\n\t\n\u2014\t\n\u2014\t\n2,013\n\t\n\u2014\t\n2,013\n\t\nDistributions\tto\tnoncontrolling\tinterests\n(\n32\n)\n\u2014\n\u2014\t\n\u2014\t\n\u2014\t\n\u2014\t\n\u2014\t\n(\n108\n)\n(\n108\n)\nBuy-outs\tof\tnoncontrolling\tinterests\n(\n39\n)\n\u2014\n\u2014\t\n2\n\t\n\u2014\t\n\u2014\t\n2\n\t\n(\n17\n)\n(\n15\n)\nNet\t(loss)\tincome\n(\n96\n)\n\u2014\n\u2014\t\n\u2014\t\n\u2014\t\n14,997\n\t\n14,997\n\t\n73\n\t\n15,070\n\t\nOther\tcomprehensive\tincome\n\u2014\t\n\u2014\n\u2014\t\n\u2014\t\n218\n\t\n\u2014\t\n218\n\t\n\u2014\t\n218\n\t\nBalance\tas\tof\tDecember\t31,\t2023\n$\n242\n\t\n3,185\n$\n3\n\t\n$\n34,892\n\t\n$\n(\n143\n)\n$\n27,882\n\t\n$\n62,634\n\t\n$\n733\n\t\n$\n63,367\n\t\nThe\taccompanying\tnotes\tare\tan\tintegral\tpart\tof\tthese\tconsolidated\tfinancial\tstatements.\n52"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d466de-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 53, "chroma:document": "Tesla,\tInc.\nConsolidated\tStatements\tof\tCash\tFlows\n(in\tmillions)\nYear\tEnded\tDecember\t31,\n2023\n2022\n2021\nCash\tFlows\tfrom\tOperating\tActivities\nNet\tincome\n$\n14,974\n\t\n$\n12,587\n\t\n$\n5,644\n\t\nAdjustments\tto\treconcile\tnet\tincome\tto\tnet\tcash\tprovided\tby\toperating\tactivities:\nDepreciation,\tamortization\tand\timpairment\n4,667\n\t\n3,747\n\t\n2,911\n\t\nStock-based\tcompensation\n1,812\n\t\n1,560\n\t\n2,121\n\t\nInventory\tand\tpurchase\tcommitments\twrite-downs\n463\n\t\n177\n\t\n140\n\t\nForeign\tcurrency\ttransaction\tnet\tunrealized\t(gain)\tloss\n(\n144\n)\n81\n\t\n(\n55\n)\nDeferred\tincome\ttaxes\n(\n6,349\n)\n(\n196\n)\n(\n149\n)\nNon-cash\tinterest\tand\tother\toperating\tactivities\n81\n\t\n340\n\t\n245\n\t\nDigital\tassets\tloss\t(gain),\tnet\n\u2014\n\t\n140\n\t\n(\n27\n)\nChanges\tin\toperating\tassets\tand\tliabilities:\nAccounts\treceivable\n(\n586\n)\n(\n1,124\n)\n(\n130\n)\nInventory\n(\n1,195\n)\n(\n6,465\n)\n(\n1,709\n)\nOperating\tlease\tvehicles\n(\n1,952\n)\n(\n1,570\n)\n(\n2,114\n)\nPrepaid\texpenses\tand\tother\tassets\n(\n2,652\n)\n(\n3,713\n)\n(\n1,540\n)\nAccounts\tpayable,\taccrued\tand\tother\tliabilities\n2,605\n\t\n8,029\n\t\n5,367\n\t\nDeferred\trevenue\n1,532\n\t\n1,131\n\t\n793\n\t\nNet\tcash\tprovided\tby\toperating\tactivities\n13,256\n\t\n14,724\n\t\n11,497"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46774-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 53, "chroma:document": "14,724\n\t\n11,497\n\t\nCash\tFlows\tfrom\tInvesting\tActivities\nPurchases\tof\tproperty\tand\tequipment\texcluding\tfinance\tleases,\tnet\tof\tsales\n(\n8,898\n)\n(\n7,158\n)\n(\n6,482\n)\nPurchases\tof\tsolar\tenergy\tsystems,\tnet\tof\tsales\n(\n1\n)\n(\n5\n)\n(\n32\n)\nPurchases\tof\tdigital\tassets\n\u2014\n\t\n\u2014\n\t\n(\n1,500\n)\nProceeds\tfrom\tsales\tof\tdigital\tassets\n\u2014\n\t\n936\n\t\n272\n\t\nPurchase\tof\tintangible\tassets\n\u2014\n\t\n(\n9\n)\n\u2014\n\t\nPurchases\tof\tinvestments\n(\n19,112\n)\n(\n5,835\n)\n(\n132\n)\nProceeds\tfrom\tmaturities\tof\tinvestments\n12,353\n\t\n22\n\t\n\u2014\n\t\nProceeds\tfrom\tsales\tof\tinvestments\n138\n\t\n\u2014\n\t\n\u2014\n\t\nReceipt\tof\tgovernment\tgrants\n\u2014\n\t\n76\n\t\n6\n\t\nBusiness\tcombinations,\tnet\tof\tcash\tacquired\n(\n64\n)\n\u2014\n\t\n\u2014\n\t\nNet\tcash\tused\tin\tinvesting\tactivities\n(\n15,584\n)\n(\n11,973\n)\n(\n7,868\n)\nCash\tFlows\tfrom\tFinancing\tActivities\nProceeds\tfrom\tissuances\tof\tdebt\n3,931\n\t\n\u2014\n\t\n8,883\n\t\nRepayments\tof\tdebt\n(\n1,351\n)\n(\n3,364\n)\n(\n14,167\n)\nCollateralized\tlease\trepayments\n\u2014\n\t\n\u2014\n\t\n(\n9\n)\nProceeds\tfrom\texercises\tof\tstock\toptions\tand\tother\tstock\tissuances\n700\n\t\n541\n\t\n707\n\t\nPrincipal\tpayments\ton\tfinance\tleases\n(\n464\n)\n(\n502\n)\n(\n439\n)\nDebt\tissuance\tcosts\n(\n29\n)\n\u2014\n\t\n(\n9\n)"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d467d8-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 53, "chroma:document": "(\n29\n)\n\u2014\n\t\n(\n9\n)\nProceeds\tfrom\tinvestments\tby\tnoncontrolling\tinterests\tin\tsubsidiaries\n\u2014\n\t\n\u2014\n\t\n2\n\t\nDistributions\tpaid\tto\tnoncontrolling\tinterests\tin\tsubsidiaries\n(\n144\n)\n(\n157\n)\n(\n161\n)\nPayments\tfor\tbuy-outs\tof\tnoncontrolling\tinterests\tin\tsubsidiaries\n(\n54\n)\n(\n45\n)\n(\n10\n)\nNet\tcash\tprovided\tby\t(used\tin)\tfinancing\tactivities\n2,589\n\t\n(\n3,527\n)\n(\n5,203\n)\nEffect\tof\texchange\trate\tchanges\ton\tcash\tand\tcash\tequivalents\tand\trestricted\tcash\n4\n\t\n(\n444\n)\n(\n183\n)\nNet\tincrease\t(decrease)\tin\tcash\tand\tcash\tequivalents\tand\trestricted\tcash\n265\n\t\n(\n1,220\n)\n(\n1,757\n)\nCash\tand\tcash\tequivalents\tand\trestricted\tcash,\tbeginning\tof\tperiod\n16,924\n\t\n18,144\n\t\n19,901\n\t\nCash\tand\tcash\tequivalents\tand\trestricted\tcash,\tend\tof\tperiod\n$\n17,189\n\t\n$\n16,924\n\t\n$\n18,144\n\t\nSupplemental\tNon-Cash\tInvesting\tand\tFinancing\tActivities\nAcquisitions\tof\tproperty\tand\tequipment\tincluded\tin\tliabilities\n$\n2,272\n\t\n$\n2,148\n\t\n$\n2,251\n\t\nSupplemental\tDisclosures\nCash\tpaid\tduring\tthe\tperiod\tfor\tinterest,\tnet\tof\tamounts\tcapitalized\n$\n126\n\t\n$\n152\n\t\n$\n266\n\t\nCash\tpaid\tduring\tthe\tperiod\tfor\tincome\ttaxes,\tnet\tof\trefunds\n$\n1,119\n\t\n$\n1,203\n\t\n$\n561"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4683c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 54, "chroma:document": "The\taccompanying\tnotes\tare\tan\tintegral\tpart\tof\tthese\tconsolidated\tfinancial\tstatements.\n53"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d468a0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 55, "chroma:document": "Tesla,\tInc.\nNotes\tto\tConsolidated\tFinancial\tStatements\nNote\t1\t\u2013\t\nOverview\nTesla,\tInc.\t(\u201cTesla\u201d,\tthe\t\u201cCompany\u201d,\t\u201cwe\u201d,\t\u201cus\u201d\tor\t\u201cour\u201d)\twas\tincorporated\tin\tthe\tState\tof\tDelaware\ton\tJuly\t1,\t2003.\tWe\tdesign,\tdevelop,\nmanufacture,\tsell\tand\tlease\thigh-performance\tfully\telectric\tvehicles\tand\tenergy\tgeneration\tand\tstorage\tsystems,\tand\toffer\tservices\trelated\tto\tour\nproducts.\tOur\tChief\tExecutive\tOfficer,\tas\tthe\tchief\toperating\tdecision\tmaker\t(\u201cCODM\u201d),\torganizes\tour\tcompany,\tmanages\tresource\tallocations\tand\nmeasures\tperformance\tamong\t\ntwo\n\toperating\tand\treportable\tsegments:\t(i)\tautomotive\tand\t(ii)\tenergy\tgeneration\tand\tstorage.\nNote\t2\t\u2013\t\nSummary\tof\tSignificant\tAccounting\tPolicies\nPrinciples\tof\tConsolidation\nThe\taccompanying\tconsolidated\tfinancial\tstatements\thave\tbeen\tprepared\tin\tconformity\twith\tGAAP\tand\treflect\tour\taccounts\tand\toperations\tand\nthose\tof\tour\tsubsidiaries\tin\twhich\twe\thave\ta\tcontrolling\tfinancial\tinterest.\tIn\taccordance\twith\tthe\tprovisions\tof\tASC\t810,\t\nConsolidation\t\n(\u201cASC\t810\u201d),\twe\nconsolidate\tany\tvariable\tinterest\tentity\t(\u201cVIE\u201d)\tof\twhich\twe\tare\tthe\tprimary\tbeneficiary.\tWe\thave\tformed\tVIEs\twith\tfinancing\tfund\tinvestors\tin\tthe\tordinary\ncourse\tof\tbusiness\tin\torder\tto\tfacilitate\tthe\tfunding\tand\tmonetization\tof\tcertain\tattributes\tassociated\twith\tsolar\tenergy\tsystems\tand\tleases\tunder\tour\ndirect\tvehicle\tleasing\tprograms.\tThe\ttypical\tcondition\tfor\ta\tcontrolling\tfinancial\tinterest\townership\tis\tholding\ta\tmajority\tof\tthe\tvoting\tinterests\tof\tan\tentity;"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d468fa-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 55, "chroma:document": "however,\ta\tcontrolling\tfinancial\tinterest\tmay\talso\texist\tin\tentities,\tsuch\tas\tVIEs,\tthrough\tarrangements\tthat\tdo\tnot\tinvolve\tcontrolling\tvoting\tinterests.\tASC\n810\trequires\ta\tvariable\tinterest\tholder\tto\tconsolidate\ta\tVIE\tif\tthat\tparty\thas\tthe\tpower\tto\tdirect\tthe\tactivities\tof\tthe\tVIE\tthat\tmost\tsignificantly\timpact\tthe\nVIE\u2019s\teconomic\tperformance\tand\tthe\tobligation\tto\tabsorb\tlosses\tof\tthe\tVIE\tthat\tcould\tpotentially\tbe\tsignificant\tto\tthe\tVIE\tor\tthe\tright\tto\treceive\tbenefits\nfrom\tthe\tVIE\tthat\tcould\tpotentially\tbe\tsignificant\tto\tthe\tVIE.\tWe\tdo\tnot\tconsolidate\ta\tVIE\tin\twhich\twe\thave\ta\tmajority\townership\tinterest\twhen\twe\tare\tnot\nconsidered\tthe\tprimary\tbeneficiary.\tWe\thave\tdetermined\tthat\twe\tare\tthe\tprimary\tbeneficiary\tof\tall\tthe\tVIEs\t(see\tNote\t16\n,\tVariable\tInterest\tEntity\nArrangements\n).\tWe\tevaluate\tour\trelationships\twith\tall\tthe\tVIEs\ton\tan\tongoing\tbasis\tto\tensure\tthat\twe\tcontinue\tto\tbe\tthe\tprimary\tbeneficiary.\tAll\nintercompany\ttransactions\tand\tbalances\thave\tbeen\teliminated\tupon\tconsolidation.\nUse\tof\tEstimates\nThe\tpreparation\tof\tfinancial\tstatements\tin\tconformity\twith\tGAAP\trequires\tmanagement\tto\tmake\testimates\tand\tassumptions\tthat\taffect\tthe\treported\namounts\tof\tassets,\tliabilities,\trevenues,\tcosts\tand\texpenses\tand\trelated\tdisclosures\tin\tthe\taccompanying\tnotes.\tThe\testimates\tused\tfor,\tbut\tnot\tlimited\tto,\ndetermining\tsignificant\teconomic\tincentive\tfor\tresale\tvalue\tguarantee\tarrangements,\tsales\treturn\treserves,\tincome\ttaxes,\tthe\tcollectability\tof\taccounts\nand\tfinance\treceivables,\tinventory\tvaluation,\twarranties,\tfair\tvalue\tof\tlong-lived\tassets,\tgoodwill,\tfair\tvalue\tof\tfinancial\tinstruments,\tfair\tvalue\tand\tresidual"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4695e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 55, "chroma:document": "value\tof\toperating\tlease\tvehicles\tand\tsolar\tenergy\tsystems\tsubject\tto\tleases\tcould\tbe\timpacted.\tWe\thave\tassessed\tthe\timpact\tand\tare\tnot\taware\tof\tany\nspecific\tevents\tor\tcircumstances\tthat\trequired\tan\tupdate\tto\tour\testimates\tand\tassumptions\tor\tmaterially\taffected\tthe\tcarrying\tvalue\tof\tour\tassets\tor\nliabilities\tas\tof\tthe\tdate\tof\tissuance\tof\tthis\tAnnual\tReport\ton\tForm\t10-K.\tThese\testimates\tmay\tchange\tas\tnew\tevents\toccur\tand\tadditional\tinformation\tis\nobtained.\tActual\tresults\tcould\tdiffer\tmaterially\tfrom\tthese\testimates\tunder\tdifferent\tassumptions\tor\tconditions.\nReclassifications\nCertain\tprior\tperiod\tbalances\thave\tbeen\treclassified\tto\tconform\tto\tthe\tcurrent\tperiod\tpresentation\tin\tthe\tconsolidated\tfinancial\tstatements\tand\tthe\naccompanying\tnotes.\n54"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d469b8-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 56, "chroma:document": "Revenue\tRecognition\nRevenue\tby\tsource\nThe\tfollowing\ttable\tdisaggregates\tour\trevenue\tby\tmajor\tsource\t(in\tmillions):\nYear\tEnded\tDecember\t31,\n2023\n2022\n2021\nAutomotive\tsales\n$\n78,509\n\t\n$\n67,210\n\t\n$\n44,125\n\t\nAutomotive\tregulatory\tcredits\n1,790\n\t\n1,776\n\t\n1,465\n\t\nEnergy\tgeneration\tand\tstorage\tsales\n5,515\n\t\n3,376\n\t\n2,279\n\t\nServices\tand\tother\n8,319\n\t\n6,091\n\t\n3,802\n\t\nTotal\trevenues\tfrom\tsales\tand\tservices\n94,133\n\t\n78,453\n\t\n51,671\n\t\nAutomotive\tleasing\n2,120\n\t\n2,476\n\t\n1,642\n\t\nEnergy\tgeneration\tand\tstorage\tleasing\n520\n\t\n533\n\t\n510\n\t\nTotal\trevenues\n$\n96,773\n\t\n$\n81,462\n\t\n$\n53,823\n\t\nAutomotive\tSegment\nAutomotive\tSales\nAutomotive\tsales\trevenue\tincludes\trevenues\trelated\tto\tcash\tand\tfinancing\tdeliveries\tof\tnew\tvehicles,\tand\tspecific\tother\tfeatures\tand\tservices\tthat\nmeet\tthe\tdefinition\tof\ta\tperformance\tobligation\tunder\tASC\t606,\tincluding\taccess\tto\tour\tFSD\tCapability\tfeatures\tand\ttheir\tongoing\tmaintenance,\tinternet\nconnectivity,\tfree\tSupercharging\tprograms\tand\tover-the-air\tsoftware\tupdates.\tWe\trecognize\trevenue\ton\tautomotive\tsales\tupon\tdelivery\tto\tthe\tcustomer,\nwhich\tis\twhen\tthe\tcontrol\tof\ta\tvehicle\ttransfers.\tPayments\tare\ttypically\treceived\tat\tthe\tpoint\tcontrol\ttransfers\tor\tin\taccordance\twith\tpayment\tterms\ncustomary\tto\tthe\tbusiness,\texcept\tsales\twe\tfinance\tfor\twhich\tpayments\tare\tcollected\tover\tthe\tcontractual\tloan\tterm.\tWe\talso\trecognize\ta\tsales\treturn"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46a12-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 56, "chroma:document": "reserve\tbased\ton\thistorical\texperience\tplus\tconsideration\tfor\texpected\tfuture\tmarket\tvalues,\twhen\twe\toffer\tresale\tvalue\tguarantees\tor\tsimilar\tbuyback\nterms.\tOther\tfeatures\tand\tservices\tsuch\tas\taccess\tto\tour\tinternet\tconnectivity,\tunlimited\tfree\tSupercharging\tand\tover-the-air\tsoftware\tupdates\tare\nprovisioned\tupon\tcontrol\ttransfer\tof\ta\tvehicle\tand\trecognized\tover\ttime\ton\ta\tstraight-line\tbasis\tas\twe\thave\ta\tstand-ready\tobligation\tto\tdeliver\tsuch\nservices\tto\tthe\tcustomer.\tOther\tlimited\tfree\tSupercharging\tincentives\tare\trecognized\tbased\ton\tactual\tusage\tor\texpiration,\twhichever\tis\tearlier.\tWe\nrecognize\trevenue\trelated\tto\tthese\tother\tfeatures\tand\tservices\tover\tthe\tperformance\tperiod,\twhich\tis\tgenerally\tthe\texpected\townership\tlife\tof\tthe\tvehicle.\nRevenue\trelated\tto\tFSD\tCapability\tfeatures\tis\trecognized\twhen\tfunctionality\tis\tdelivered\tto\tthe\tcustomer\tand\ttheir\tongoing\tmaintenance\tis\trecognized\nover\ttime.\tFor\tour\tobligations\trelated\tto\tautomotive\tsales,\twe\testimate\tstandalone\tselling\tprice\tby\tconsidering\tcosts\tused\tto\tdevelop\tand\tdeliver\tthe\nservice,\tthird-party\tpricing\tof\tsimilar\toptions\tand\tother\tinformation\tthat\tmay\tbe\tavailable.\nAny\tfees\tthat\tare\tpaid\tor\tpayable\tby\tus\tto\ta\tcustomer\u2019s\tlender\twhen\twe\tarrange\tthe\tfinancing\tare\trecognized\tas\tan\toffset\tagainst\tautomotive\tsales\nrevenue.\tCosts\tto\tobtain\ta\tcontract\tmainly\trelate\tto\tcommissions\tpaid\tto\tour\tsales\tpersonnel\tfor\tthe\tsale\tof\tvehicles.\tAs\tour\tcontract\tcosts\trelated\tto\nautomotive\tsales\tare\ttypically\tfulfilled\twithin\tone\tyear,\tthe\tcosts\tto\tobtain\ta\tcontract\tare\texpensed\tas\tincurred.\tAmounts\tbilled\tto\tcustomers\trelated\tto\nshipping\tand\thandling\tare\tclassified\tas\tautomotive\tsales\trevenue,\tand\twe\thave\telected\tto\trecognize\tthe\tcost\tfor\tfreight\tand\tshipping\twhen\tcontrol\tover"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46a76-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 56, "chroma:document": "vehicles,\tparts\tor\taccessories\thave\ttransferred\tto\tthe\tcustomer\tas\tan\texpense\tin\tcost\tof\tautomotive\tsales\trevenue.\tOur\tpolicy\tis\tto\texclude\ttaxes\ncollected\tfrom\ta\tcustomer\tfrom\tthe\ttransaction\tprice\tof\tautomotive\tcontracts.\n55"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46ad0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 57, "chroma:document": "We\toffer\tresale\tvalue\tguarantees\tto\tour\tcommercial\tbanking\tpartners\tin\tconnection\twith\tcertain\tvehicle\tleasing\tprograms.\tUnder\tthese\tprograms,\nwe\toriginate\tthe\tlease\twith\tour\tend\tcustomer\tand\timmediately\ttransfer\tthe\tlease\tand\tthe\tunderlying\tvehicle\tto\tour\tcommercial\tbanking\tpartner,\twith\tthe\ntransaction\tbeing\taccounted\tfor\tas\ta\tsale\tunder\tASC\t606.\tWe\treceive\tupfront\tpayment\tfor\tthe\tvehicle,\tdo\tnot\tbear\tcasualty\tand\tcredit\trisks\tduring\tthe\nlease\tterm,\tand\twe\tprovide\ta\tguarantee\tcapped\tto\ta\tlimit\tif\tthey\tare\tunable\tto\tsell\tthe\tvehicle\tat\tor\tabove\tthe\tvehicle\u2019s\tcontract\tresidual\tvalue\tat\tthe\tend\nof\tthe\tlease\tterm.\tWe\testimate\ta\tguarantee\tliability\tin\taccordance\twith\tASC\t460,\t\nGuarantees\t\nand\trecord\tit\twithin\tother\tliabilities\ton\tour\tconsolidated\nbalance\tsheet.\tOn\ta\tquarterly\tbasis,\twe\tassess\tthe\testimated\tmarket\tvalue\tof\tvehicles\tsold\tunder\tthis\tprogram\tto\tdetermine\twhether\tthere\thave\tbeen\nchanges\tto\tthe\tamount\tof\texpected\tresale\tvalue\tguarantee\tpayments.\tAs\twe\taccumulate\tmore\tdata\trelated\tto\tthe\tresale\tvalues\tof\tour\tvehicles\tor\tas\nmarket\tconditions\tchange,\tthere\tmay\tbe\tmaterial\tchanges\tto\ttheir\testimated\tvalues.\tThe\ttotal\tguarantee\tliability\ton\tvehicles\tsold\tunder\tthis\tprogram\twas\nimmaterial\tas\tof\tDecember\t31,\t2023.\nDeferred\trevenue\trelated\tto\tthe\taccess\tto\tour\tFSD\tCapability\tfeatures\tand\ttheir\tongoing\tmaintenance,\tinternet\tconnectivity,\tfree\tSupercharging\nprograms\tand\tover-the-air\tsoftware\tupdates\tprimarily\ton\tautomotive\tsales\tconsisted\tof\tthe\tfollowing\t(in\tmillions):\nYear\tEnded\tDecember\t31,\n2023\n2022\nDeferred\trevenue\u2014\tbeginning\tof\tperiod\n$\n2,913\n\t\n$\n2,382\n\t\nAdditions\n1,201\n\t\n1,178"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46b2a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 57, "chroma:document": "Additions\n1,201\n\t\n1,178\n\t\nNet\tchanges\tin\tliability\tfor\tpre-existing\tcontracts\n17\n\t\n(\n67\n)\nRevenue\trecognized\n(\n595\n)\n(\n580\n)\nDeferred\trevenue\u2014\tend\tof\tperiod\n$\n3,536\n\t\n$\n2,913\n\t\nDeferred\trevenue\tis\tequivalent\tto\tthe\ttotal\ttransaction\tprice\tallocated\tto\tthe\tperformance\tobligations\tthat\tare\tunsatisfied,\tor\tpartially\tunsatisfied,\tas\nof\tthe\tbalance\tsheet\tdate.\tRevenue\trecognized\tfrom\tthe\tdeferred\trevenue\tbalance\tas\tof\tDecember\t31,\t2022\twas\t$\n469\n\tmillion\tfor\tthe\tyear\tended\nDecember\t31,\t2023.\tWe\thad\trecognized\trevenue\tof\t$\n472\n\tmillion\tfrom\tthe\tdeferred\trevenue\tbalance\tas\tof\tDecember\t31,\t2021,\tfor\tthe\tyear\tended\nDecember\t31,\t2022,\tprimarily\trelated\tto\tthe\tgeneral\tFSD\tCapability\tfeature\trelease\tin\tNorth\tAmerica\tin\tthe\tfourth\tquarter\tof\t2022.\tOf\tthe\ttotal\tdeferred\nrevenue\tbalance\tas\tof\tDecember\t31,\t2023,\twe\texpect\tto\trecognize\t$\n926\n\tmillion\tof\trevenue\tin\tthe\tnext\t\n12\n\tmonths.\tThe\tremaining\tbalance\twill\tbe\nrecognized\tat\tthe\ttime\tof\ttransfer\tof\tcontrol\tof\tthe\tproduct\tor\tover\tthe\tperformance\tperiod\tas\tdiscussed\tabove\tin\tAutomotive\tSales.\nWe\thave\tbeen\tproviding\tloans\tfor\tfinancing\tour\tautomotive\tdeliveries\tin\tvolume\tsince\tfiscal\tyear\t2022.\tAs\tof\tDecember\t31,\t2023\tand\t2022,\twe\thave\nrecorded\tnet\tfinancing\treceivables\ton\tthe\tconsolidated\tbalance\tsheets,\tof\twhich\t$\n242\n\tmillion\tand\t$\n128\n\tmillion,\trespectively,\tis\trecorded\twithin\tAccounts\nreceivable,\tnet,\tfor\tthe\tcurrent\tportion\tand\t$\n1.04\n\tbillion\tand\t$\n665\n\tmillion,\trespectively,\tis\trecorded\twithin\tOther\tnon-current\tassets\tfor\tthe\tlong-term"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46b8e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 57, "chroma:document": "portion.\nAutomotive\tRegulatory\tCredits\nWe\tearn\ttradable\tcredits\tin\tthe\toperation\tof\tour\tautomotive\tbusiness\tunder\tvarious\tregulations\trelated\tto\tZEVs,\tgreenhouse\tgas,\tfuel\teconomy\tand\nclean\tfuel.\tWe\tsell\tthese\tcredits\tto\tother\tregulated\tentities\twho\tcan\tuse\tthe\tcredits\tto\tcomply\twith\temission\tstandards\tand\tother\tregulatory\trequirements.\nPayments\tfor\tautomotive\tregulatory\tcredits\tare\ttypically\treceived\tat\tthe\tpoint\tcontrol\ttransfers\tto\tthe\tcustomer,\tor\tin\taccordance\twith\tpayment\nterms\tcustomary\tto\tthe\tbusiness.\tWe\trecognize\trevenue\ton\tthe\tsale\tof\tautomotive\tregulatory\tcredits,\twhich\thave\tnegligible\tincremental\tcosts\tassociated\nwith\tthem,\tat\tthe\ttime\tcontrol\tof\tthe\tregulatory\tcredits\tis\ttransferred\tto\tthe\tpurchasing\tparty.\tDeferred\trevenue\trelated\tto\tsales\tof\tautomotive\tregulatory\ncredits\twas\timmaterial\tas\tof\tDecember\t31,\t2023\tand\t2022.\tRevenue\trecognized\tfrom\tthe\tdeferred\trevenue\tbalance\tas\tof\tDecember\t31,\t2022\tand\t2021\nwas\timmaterial\tfor\tthe\tyears\tended\tDecember\t31,\t2023\tand\t2022.\tDuring\tthe\tyear\tended\tDecember\t31,\t2022,\twe\thad\talso\trecognized\t$\n288\n\tmillion\tin\nrevenue\tdue\tto\tchanges\tin\tregulation\twhich\tentitled\tus\tto\tadditional\tconsideration\tfor\tcredits\tsold\tpreviously.\n56"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46be8-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 58, "chroma:document": "Automotive\tLeasing\tRevenue\nDirect\tVehicle\tOperating\tLeasing\tProgram\nWe\thave\toutstanding\tleases\tunder\tour\tdirect\tvehicle\toperating\tleasing\tprograms\tin\tthe\tU.S.,\tCanada\tand\tin\tcertain\tcountries\tin\tEurope.\tQualifying\ncustomers\tare\tpermitted\tto\tlease\ta\tvehicle\tdirectly\tfrom\tTesla\tfor\tup\tto\t\n48\n\tmonths.\tAt\tthe\tend\tof\tthe\tlease\tterm,\tcustomers\tare\tgenerally\trequired\tto\nreturn\tthe\tvehicles\tto\tus.\tWe\taccount\tfor\tthese\tleasing\ttransactions\tas\toperating\tleases.\tWe\trecord\tleasing\trevenues\tto\t\nautomotive\tleasing\trevenue\n\ton\ta\nstraight-line\tbasis\tover\tthe\tcontractual\tterm,\tand\twe\trecord\tthe\tdepreciation\tof\tthese\tvehicles\tto\tcost\tof\tautomotive\tleasing\trevenue.\tFor\tthe\tyears\tended\nDecember\t31,\t2023,\t2022\tand\t2021,\twe\trecognized\t$\n1.86\n\tbillion,\t$\n1.75\n\tbillion\tand\t$\n1.25\n\tbillion\tof\tdirect\tvehicle\tleasing\trevenue,\trespectively.\tAs\tof\nDecember\t31,\t2023\tand\t2022,\twe\thad\tdeferred\t$\n458\n\tmillion\tand\t$\n407\n\tmillion,\trespectively,\tof\tlease-related\tupfront\tpayments,\twhich\twill\tbe\trecognized\non\ta\tstraight-line\tbasis\tover\tthe\tcontractual\tterms\tof\tthe\tindividual\tleases.\nOur\tpolicy\tis\tto\texclude\ttaxes\tcollected\tfrom\ta\tcustomer\tfrom\tthe\ttransaction\tprice\tof\tautomotive\tcontracts.\nDirect\tSales-Type\tLeasing\tProgram\nWe\thave\toutstanding\tdirect\tleases\tand\tvehicles\tfinanced\tby\tus\tunder\tloan\tarrangements\taccounted\tfor\tas\tsales-type\tleases\tunder\tASC\t842,\t\nLeases\n(\u201cASC\t842\u201d),\tin\tcertain\tcountries\tin\tAsia\tand\tEurope.\tDepending\ton\tthe\tspecific\tprogram,\tcustomers\tmay\tor\tmay\tnot\thave\ta\tright\tto\treturn\tthe\tvehicle\tto"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46c42-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 58, "chroma:document": "us\tduring\tor\tat\tthe\tend\tof\tthe\tlease\tterm.\tIf\tthe\tcustomer\tdoes\tnot\thave\ta\tright\tto\treturn,\tthe\tcustomer\twill\ttake\ttitle\tto\tthe\tvehicle\tat\tthe\tend\tof\tthe\tlease\nterm\tafter\tmaking\tall\tcontractual\tpayments.\tUnder\tthe\tprograms\tfor\twhich\tthere\tis\ta\tright\tto\treturn,\tthe\tpurchase\toption\tis\treasonably\tcertain\tto\tbe\nexercised\tby\tthe\tlessee\tand\twe\ttherefore\texpect\tthe\tcustomer\tto\ttake\ttitle\tto\tthe\tvehicle\tat\tthe\tend\tof\tthe\tlease\tterm\tafter\tmaking\tall\tcontractual\npayments.\tOur\tarrangements\tunder\tthese\tprograms\tcan\thave\tterms\tfor\tup\tto\t\n72\n\tmonths.\tWe\trecognize\tall\trevenue\tand\tcosts\tassociated\twith\tthe\tsales-\ntype\tlease\tas\tautomotive\tleasing\trevenue\tand\tautomotive\tleasing\tcost\tof\trevenue,\trespectively,\tupon\tdelivery\tof\tthe\tvehicle\tto\tthe\tcustomer.\tInterest\nincome\tbased\ton\tthe\timplicit\trate\tin\tthe\tlease\tis\trecorded\tto\tautomotive\tleasing\trevenue\tover\ttime\tas\tcustomers\tare\tinvoiced\ton\ta\tmonthly\tbasis.\tFor\tthe\nyears\tended\tDecember\t31,\t2023,\t2022\tand\t2021,\twe\trecognized\t$\n215\n\tmillion,\t$\n683\n\tmillion\tand\t$\n369\n\tmillion,\trespectively,\tof\tsales-type\tleasing\trevenue\nand\t$\n164\n\tmillion,\t$\n427\n\tmillion\tand\t$\n234\n\tmillion,\trespectively,\tof\tsales-type\tleasing\tcost\tof\trevenue.\nServices\tand\tOther\tRevenue\nServices\tand\tother\trevenue\tconsists\tof\tsales\tof\tused\tvehicles,\tnon-warranty\tafter-sales\tvehicle\tservices,\tbody\tshop\tand\tparts,\tpaid\tSupercharging,\nvehicle\tinsurance\trevenue\tand\tretail\tmerchandise.\nRevenues\trelated\tto\trepair,\tmaintenance\tand\tvehicle\tinsurance\tservices\tare\trecognized\tover\ttime\tas\tservices\tare\tprovided\tand\textended\tservice"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46ca6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 58, "chroma:document": "plans\tare\trecognized\tover\tthe\tperformance\tperiod\tof\tthe\tservice\tcontract\tas\tthe\tobligation\trepresents\ta\tstand-ready\tobligation\tto\tthe\tcustomer.\tWe\tsell\nused\tvehicles,\tservices,\tservice\tplans,\tvehicle\tcomponents\tand\tmerchandise\tseparately\tand\tthus\tuse\tstandalone\tselling\tprices\tas\tthe\tbasis\tfor\trevenue\nallocation\tto\tthe\textent\tthat\tthese\titems\tare\tsold\tin\ttransactions\twith\tother\tperformance\tobligations.\tPayment\tfor\tused\tvehicles,\tservices,\tvehicle\ncomponents,\tand\tmerchandise\tare\ttypically\treceived\tat\tthe\tpoint\twhen\tcontrol\ttransfers\tto\tthe\tcustomer\tor\tin\taccordance\twith\tpayment\tterms\tcustomary\nto\tthe\tbusiness.\tPayments\treceived\tfor\tprepaid\tplans\tare\trefundable\tupon\tcustomer\tcancellation\tof\tthe\trelated\tcontracts\tand\tare\tincluded\twithin\nCustomer\tdeposits\ton\tthe\tconsolidated\tbalance\tsheets.\tWe\trecord\tin\tDeferred\trevenue\tany\tnon-refundable\tprepayment\tamounts\tthat\tare\tcollected\tfrom\ncustomers\tand\tunearned\tinsurance\tpremiums,\twhich\tis\trecognized\tas\trevenue\tratably\tover\tthe\trespective\tcustomer\tcontract\tterm.\tDeferred\trevenue\nexcluding\tunearned\tinsurance\tpremiums\twas\timmaterial\tas\tof\tDecember\t31,\t2023\tand\t2022.\n57"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46d00-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 59, "chroma:document": "Energy\tGeneration\tand\tStorage\tSegment\nEnergy\tGeneration\tand\tStorage\tSales\nEnergy\tgeneration\tand\tstorage\tsales\trevenue\tconsists\tof\tthe\tsale\tof\tsolar\tenergy\tsystems\tand\tenergy\tstorage\tsystems\tto\tresidential,\tsmall\ncommercial,\tlarge\tcommercial\tand\tutility\tgrade\tcustomers.\tSales\tof\tsolar\tenergy\tsystems\tto\tresidential\tand\tsmall\tscale\tcommercial\tcustomers\tconsist\tof\nthe\tengineering,\tdesign\tand\tinstallation\tof\tthe\tsystem.\tResidential\tand\tsmall\tscale\tcommercial\tcustomers\tpay\tthe\tfull\tpurchase\tprice\tof\tthe\tsolar\tenergy\nsystem\tupfront.\tRevenue\tfor\tthe\tdesign\tand\tinstallation\tobligation\tis\trecognized\twhen\tcontrol\ttransfers,\twhich\tis\twhen\twe\tinstall\ta\tsolar\tenergy\tsystem\nand\tthe\tsystem\tpasses\tinspection\tby\tthe\tutility\tor\tthe\tauthority\thaving\tjurisdiction.\tSales\tof\tenergy\tstorage\tsystems\tto\tresidential\tand\tsmall\tscale\ncommercial\tcustomers\tconsist\tof\tthe\tinstallation\tof\tthe\tenergy\tstorage\tsystem\tand\trevenue\tis\trecognized\twhen\tcontrol\ttransfers,\twhich\tis\twhen\tthe\nproduct\thas\tbeen\tdelivered\tor,\tif\twe\tare\tperforming\tinstallation,\twhen\tinstalled\tand\tcommissioned.\tPayment\tfor\tsuch\tstorage\tsystems\tis\tmade\tupon\ninvoice\tor\tin\taccordance\twith\tpayment\tterms\tcustomary\tto\tthe\tbusiness.\nFor\tlarge\tcommercial\tand\tutility\tgrade\tenergy\tstorage\tsystem\tsales\twhich\tconsist\tof\tthe\tengineering,\tdesign\tand\tinstallation\tof\tthe\tsystem,\ncustomers\tmake\tmilestone\tpayments\tthat\tare\tconsistent\twith\tcontract-specific\tphases\tof\ta\tproject.\tRevenue\tfrom\tsuch\tcontracts\tis\trecognized\tover\ttime\nusing\tthe\tpercentage\tof\tcompletion\tmethod\tbased\ton\tcost\tincurred\tas\ta\tpercentage\tof\ttotal\testimated\tcontract\tcosts\tfor\tenergy\tstorage\tsystem\tsales.\nIn\tinstances\twhere\tthere\tare\tmultiple\tperformance\tobligations\tin\ta\tsingle\tcontract,\twe\tallocate\tthe\tconsideration\tto\tthe\tvarious\tobligations\tin\tthe\ncontract\tbased\ton\tthe\trelative\tstandalone\tselling\tprice\tmethod.\tStandalone\tselling\tprices\tare\testimated\tbased\ton\testimated\tcosts\tplus\tmargin\tor\tby\tusing"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46d64-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 59, "chroma:document": "market\tdata\tfor\tcomparable\tproducts.\tCosts\tto\tobtain\ta\tcontract\trelate\tmainly\tto\tcommissions\tpaid\tto\tour\tsales\tpersonnel\trelated\tto\tthe\tsale\tof\tenergy\nstorage\tsystems.\tAs\tour\tcontract\tcosts\trelated\tto\tenergy\tstorage\tsystem\tsales\tare\ttypically\tfulfilled\twithin\tone\tyear,\tthe\tcosts\tto\tobtain\ta\tcontract\tare\nexpensed\tas\tincurred.\nAs\tpart\tof\tour\tenergy\tstorage\tsystem\tcontracts,\twe\tmay\tprovide\tthe\tcustomer\twith\tperformance\tguarantees\tthat\twarrant\tthat\tthe\tunderlying\tsystem\nwill\tmeet\tor\texceed\tthe\tminimum\tenergy\tperformance\trequirements\tspecified\tin\tthe\tcontract.\tIf\tan\tenergy\tstorage\tsystem\tdoes\tnot\tmeet\tthe\nperformance\tguarantee\trequirements,\twe\tmay\tbe\trequired\tto\tpay\tliquidated\tdamages.\tOther\tforms\tof\tvariable\tconsideration\trelated\tto\tour\tlarge\ncommercial\tand\tutility\tgrade\tenergy\tstorage\tsystem\tcontracts\tinclude\tvariable\tcustomer\tpayments\tthat\twill\tbe\tmade\tbased\ton\tour\tenergy\tmarket\nparticipation\tactivities.\tSuch\tguarantees\tand\tvariable\tcustomer\tpayments\trepresent\ta\tform\tof\tvariable\tconsideration\tand\tare\testimated\tat\tcontract\ninception\tat\ttheir\tmost\tlikely\tamount\tand\tupdated\tat\tthe\tend\tof\teach\treporting\tperiod\tas\tadditional\tperformance\tdata\tbecomes\tavailable.\tSuch\testimates\nare\tincluded\tin\tthe\ttransaction\tprice\tonly\tto\tthe\textent\tthat\tit\tis\tprobable\ta\tsignificant\treversal\tof\trevenue\twill\tnot\toccur.\nWe\trecord\tas\tdeferred\trevenue\tany\tnon-refundable\tamounts\tthat\tare\tcollected\tfrom\tcustomers\trelated\tto\tfees\tcharged\tfor\tprepayments,\twhich\tis\nrecognized\tas\trevenue\tratably\tover\tthe\trespective\tcustomer\tcontract\tterm.\tAs\tof\tDecember\t31,\t2023\tand\t2022,\tdeferred\trevenue\trelated\tto\tsuch\ncustomer\tpayments\tamounted\tto\t$\n1.60\n\tbillion\tand\t$\n863\n\tmillion,\trespectively,\tmainly\tdue\tto\tcontractual\tpayment\tterms.\tRevenue\trecognized\tfrom\tthe"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46dbe-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 59, "chroma:document": "deferred\trevenue\tbalance\tas\tof\tDecember\t31,\t2022\tand\t2021\twas\t$\n571\n\tmillion\tand\t$\n171\n\tmillion\tfor\tthe\tyears\tended\tDecember\t31,\t2023\tand\t2022,\nrespectively.\tWe\thave\telected\tthe\tpractical\texpedient\tto\tomit\tdisclosure\tof\tthe\tamount\tof\tthe\ttransaction\tprice\tallocated\tto\tremaining\tperformance\nobligations\tfor\tenergy\tgeneration\tand\tstorage\tsales\twith\tan\toriginal\texpected\tcontract\tlength\tof\tone\tyear\tor\tless\tand\tthe\tamount\tthat\twe\thave\tthe\tright\tto\ninvoice\twhen\tthat\tamount\tcorresponds\tdirectly\twith\tthe\tvalue\tof\tthe\tperformance\tto\tdate.\tAs\tof\tDecember\t31,\t2023,\ttotal\ttransaction\tprice\tallocated\tto\nperformance\tobligations\tthat\twere\tunsatisfied\tor\tpartially\tunsatisfied\tfor\tcontracts\twith\tan\toriginal\texpected\tlength\tof\tmore\tthan\tone\tyear\twas\t$\n3.43\nbillion.\tOf\tthis\tamount,\twe\texpect\tto\trecognize\t$\n1.05\n\tbillion\tin\tthe\tnext\t\n12\n\tmonths\tand\tthe\trest\tover\tthe\tremaining\tperformance\tobligation\tperiod.\nWe\thave\tbeen\tproviding\tloans\tfor\tfinancing\tour\tenergy\tgeneration\tproducts\tin\tvolume\tsince\tfiscal\tyear\t2022.\tAs\tof\tDecember\t31,\t2023\tand\t2022,\nwe\thave\trecorded\tnet\tfinancing\treceivables\ton\tthe\tconsolidated\tbalance\tsheets,\tof\twhich\t$\n31\n\tmillion\tand\t$\n24\n\tmillion,\trespectively,\tis\trecorded\twithin\nAccounts\treceivable,\tnet,\tfor\tthe\tcurrent\tportion\tand\t$\n578\n\tmillion\tand\t$\n387\n\tmillion,\trespectively,\tis\trecorded\twithin\tOther\tnon-current\tassets\tfor\tthe\tlong-\nterm\tportion.\n58"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46e22-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 60, "chroma:document": "Energy\tGeneration\tand\tStorage\tLeasing\nFor\trevenue\tarrangements\twhere\twe\tare\tthe\tlessor\tunder\toperating\tlease\tagreements\tfor\tenergy\tgeneration\tand\tstorage\tproducts,\twe\trecord\tlease\nrevenue\tfrom\tminimum\tlease\tpayments,\tincluding\tupfront\trebates\tand\tincentives\tearned\tfrom\tsuch\tsystems,\ton\ta\tstraight-line\tbasis\tover\tthe\tlife\tof\tthe\nlease\tterm,\tassuming\tall\tother\trevenue\trecognition\tcriteria\thave\tbeen\tmet.\tThe\tdifference\tbetween\tthe\tpayments\treceived\tand\tthe\trevenue\trecognized\tis\nrecorded\tas\tdeferred\trevenue\tor\tdeferred\tasset\ton\tthe\tconsolidated\tbalance\tsheet.\nFor\tsolar\tenergy\tsystems\twhere\tcustomers\tpurchase\telectricity\tfrom\tus\tunder\tPPAs\tprior\tto\tJanuary\t1,\t2019,\twe\thave\tdetermined\tthat\tthese\nagreements\tshould\tbe\taccounted\tfor\tas\toperating\tleases\tpursuant\tto\tASC\t840,\t\nLeases\n.\tRevenue\tis\trecognized\tbased\ton\tthe\tamount\tof\telectricity\ndelivered\tat\trates\tspecified\tunder\tthe\tcontracts,\tassuming\tall\tother\trevenue\trecognition\tcriteria\tare\tmet.\nWe\trecord\tas\tdeferred\trevenue\tany\tamounts\tthat\tare\tcollected\tfrom\tcustomers,\tincluding\tlease\tprepayments,\tin\texcess\tof\trevenue\trecognized,\nwhich\tis\trecognized\tas\trevenue\tratably\tover\tthe\trespective\tcustomer\tcontract\tterm.\tAs\tof\tDecember\t31,\t2023\tand\t2022,\tdeferred\trevenue\trelated\tto\tsuch\ncustomer\tpayments\tamounted\tto\t$\n181\n\tmillion\tand\t$\n191\n\tmillion,\trespectively.\tDeferred\trevenue\talso\tincludes\tthe\tportion\tof\trebates\tand\tincentives\nreceived\tfrom\tutility\tcompanies\tand\tvarious\tlocal\tand\tstate\tgovernment\tagencies,\twhich\tis\trecognized\tas\trevenue\tover\tthe\tlease\tterm.\tAs\tof\nDecember\t31,\t2023\tand\t2022,\tdeferred\trevenue\tfrom\trebates\tand\tincentives\twas\timmaterial."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46eb8-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 60, "chroma:document": "We\tcapitalize\tinitial\tdirect\tcosts\tfrom\tthe\texecution\tof\tagreements\tfor\tsolar\tenergy\tsystems\tand\tPPAs,\twhich\tinclude\tthe\treferral\tfees\tand\tsales\ncommissions,\tas\tan\telement\tof\tsolar\tenergy\tsystems,\tnet,\tand\tsubsequently\tamortize\tthese\tcosts\tover\tthe\tterm\tof\tthe\trelated\tagreements.\nCost\tof\tRevenues\nAutomotive\tSegment\nAutomotive\tSales\nCost\tof\tautomotive\tsales\trevenue\tincludes\tdirect\tand\tindirect\tmaterials,\tlabor\tcosts,\tmanufacturing\toverhead,\tincluding\tdepreciation\tcosts\tof\ttooling\nand\tmachinery,\tshipping\tand\tlogistic\tcosts,\tvehicle\tconnectivity\tcosts,\tFSD\tCapability\tongoing\tmaintenance\tcosts,\tallocations\tof\telectricity\tand\ninfrastructure\tcosts\trelated\tto\tour\tSupercharger\tnetwork\tand\treserves\tfor\testimated\twarranty\texpenses.\tCost\tof\tautomotive\tsales\trevenues\talso\tincludes\nadjustments\tto\twarranty\texpense\tand\tcharges\tto\twrite\tdown\tthe\tcarrying\tvalue\tof\tour\tinventory\twhen\tit\texceeds\tits\testimated\tnet\trealizable\tvalue\tand\tto\nprovide\tfor\tobsolete\tand\ton-hand\tinventory\tin\texcess\tof\tforecasted\tdemand.\tAdditionally,\tcost\tof\tautomotive\tsales\trevenue\tbenefits\tfrom\tmanufacturing\ncredits\tearned.\nAutomotive\tLeasing\nCost\tof\tautomotive\tleasing\trevenue\tincludes\tthe\tdepreciation\tof\toperating\tlease\tvehicles,\tcost\tof\tgoods\tsold\tassociated\twith\tdirect\tsales-type\tleases\nand\twarranty\texpense\trelated\tto\tleased\tvehicles.\nServices\tand\tOther\nCosts\tof\tservices\tand\tother\trevenue\tincludes\tcost\tof\tused\tvehicles\tincluding\trefurbishment\tcosts,\tcosts\tassociated\twith\tproviding\tnon-warranty\nafter-sales\tservices,\tcosts\tassociated\twith\tour\tbody\tshops\tand\tpart\tsales,\tcosts\tof\tpaid\tSupercharging,\tcosts\tto\tprovide\tvehicle\tinsurance\tand\tcosts\tfor\nretail\tmerchandise.\nEnergy\tGeneration\tand\tStorage\tSegment\nEnergy\tGeneration\tand\tStorage"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46f30-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 60, "chroma:document": "Energy\tGeneration\tand\tStorage\tSegment\nEnergy\tGeneration\tand\tStorage\nCost\tof\tenergy\tgeneration\tand\tstorage\trevenue\tincludes\tdirect\tand\tindirect\tmaterial\tand\tlabor\tcosts,\toverhead\tcosts,\tfreight,\twarranty\texpense,\tand\namortization\tof\tcertain\tacquired\tintangible\tassets.\tCost\tof\tenergy\tgeneration\tand\tstorage\trevenue\talso\tincludes\tcharges\tto\twrite\tdown\tthe\tcarrying\tvalue\nof\tour\tinventory\twhen\tit\texceeds\tits\testimated\tnet\trealizable\tvalue\tand\tto\tprovide\tfor\tobsolete\tand\ton-hand\tinventory\tin\texcess\tof\tforecasted\tdemand.\nAdditionally,\tcost\tof\tenergy\tgeneration\tand\tstorage\trevenue\tbenefits\tfrom\tmanufacturing\tcredits\tearned.\tIn\tagreements\tfor\tsolar\tenergy\tsystems\tand\nPPAs\twhere\twe\tare\tthe\tlessor,\tthe\tcost\tof\trevenue\tis\tprimarily\tcomprised\tof\tdepreciation\tof\tthe\tcost\tof\tleased\tsolar\tenergy\tsystems,\tmaintenance\tcosts\nassociated\twith\tthose\tsystems\tand\tamortization\tof\tany\tinitial\tdirect\tcosts.\n59"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46f94-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 61, "chroma:document": "Research\tand\tDevelopment\tCosts\nResearch\tand\tdevelopment\tcosts\tare\texpensed\tas\tincurred.\nIncome\tTaxes\nWe\tare\tsubject\tto\tincome\ttaxes\tin\tthe\tU.S.\tand\tin\tmany\tforeign\tjurisdictions.\tIncome\ttaxes\tare\tcomputed\tusing\tthe\tasset\tand\tliability\tmethod,\tunder\nwhich\tdeferred\ttax\tassets\tand\tliabilities\tare\tdetermined\tbased\ton\tthe\tdifference\tbetween\tthe\tfinancial\tstatement\tand\ttax\tbases\tof\tassets\tand\tliabilities\nusing\tenacted\ttax\trates\tin\teffect\tfor\tthe\tyear\tin\twhich\tthe\tdifferences\tare\texpected\tto\taffect\ttaxable\tincome.\tValuation\tallowances\tare\testablished\twhen\nnecessary\tto\treduce\tdeferred\ttax\tassets\tto\tthe\tamount\texpected\tto\tbe\trealized.\nWe\tmonitor\tthe\trealizability\tof\tour\tdeferred\ttax\tassets\ttaking\tinto\taccount\tall\trelevant\tfactors\tat\teach\treporting\tperiod.\tSignificant\tjudgment\tis\nrequired\tin\tdetermining\tour\tprovision\tfor\tincome\ttaxes,\tour\tdeferred\ttax\tassets\tand\tliabilities\tand\tany\tvaluation\tallowance\trecorded\tagainst\tour\tnet\ndeferred\ttax\tassets\tthat\tare\tnot\tmore\tlikely\tthan\tnot\tto\tbe\trealized.\tIn\tcompleting\tour\tassessment\tof\trealizability\tof\tour\tdeferred\ttax\tassets,\twe\tconsider\nour\thistory\tof\tincome\t(loss)\tmeasured\tat\tpre-tax\tincome\t(loss)\tadjusted\tfor\tpermanent\tbook-tax\tdifferences\ton\ta\tjurisdictional\tbasis,\tvolatility\tin\tactual\nearnings,\texcess\ttax\tbenefits\trelated\tto\tstock-based\tcompensation\tin\trecent\tprior\tyears,\tand\timpacts\tof\tthe\ttiming\tof\treversal\tof\texisting\ttemporary\ndifferences.\tWe\talso\trely\ton\tour\tassessment\tof\tthe\tCompany\u2019s\tprojected\tfuture\tresults\tof\tbusiness\toperations,\tincluding\tuncertainty\tin\tfuture\toperating\nresults\trelative\tto\thistorical\tresults,\tvolatility\tin\tthe\tmarket\tprice\tof\tour\tcommon\tstock\tand\tits\tperformance\tover\ttime,\tvariable\tmacroeconomic\tconditions"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d46fee-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 61, "chroma:document": "impacting\tour\tability\tto\tforecast\tfuture\ttaxable\tincome,\tand\tchanges\tin\tbusiness\tthat\tmay\taffect\tthe\texistence\tand\tmagnitude\tof\tfuture\ttaxable\tincome.\nOur\tvaluation\tallowance\tassessment\tis\tbased\ton\tour\tbest\testimate\tof\tfuture\tresults\tconsidering\tall\tavailable\tinformation.\nWe\trecord\tliabilities\trelated\tto\tuncertain\ttax\tpositions\twhen,\tdespite\tour\tbelief\tthat\tour\ttax\treturn\tpositions\tare\tsupportable,\twe\tbelieve\tthat\tit\tis\nmore\tlikely\tthan\tnot\tthat\tthose\tpositions\tmay\tnot\tbe\tfully\tsustained\tupon\treview\tby\ttax\tauthorities.\tAccrued\tinterest\tand\tpenalties\trelated\tto\nunrecognized\ttax\tbenefits\tare\tclassified\tas\tincome\ttax\texpense.\nThe\tTax\tCuts\tand\tJobs\tAct\tsubjects\ta\tU.S.\tshareholder\tto\ttax\ton\tglobal\tintangible\tlow-taxed\tincome\t(\u201cGILTI\u201d)\tearned\tby\tcertain\tforeign\tsubsidiaries.\nUnder\tGAAP,\twe\tcan\tmake\tan\taccounting\tpolicy\telection\tto\teither\ttreat\ttaxes\tdue\ton\tthe\tGILTI\tinclusion\tas\ta\tcurrent\tperiod\texpense\tor\tfactor\tsuch\namounts\tinto\tour\tmeasurement\tof\tdeferred\ttaxes.\tWe\telected\tthe\tdeferred\tmethod,\tunder\twhich\twe\trecorded\tthe\tcorresponding\tdeferred\ttax\tassets\tand\nliabilities\tin\tour\tconsolidated\tbalance\tsheets.\nComprehensive\tIncome\nComprehensive\tincome\tis\tcomprised\tof\tnet\tincome\tand\tother\tcomprehensive\tincome\t(loss).\tOther\tcomprehensive\tincome\t(loss)\tconsists\tof\tforeign\ncurrency\ttranslation\tadjustments\tand\tunrealized\tnet\tgains\tand\tlosses\ton\tinvestments\tthat\thave\tbeen\texcluded\tfrom\tthe\tdetermination\tof\tnet\tincome.\nStock-Based\tCompensation\nWe\tuse\tthe\tfair\tvalue\tmethod\tof\taccounting\tfor\tour\tstock\toptions\tand\tRSUs\tgranted\tto\temployees\tand\tfor\tour\tESPP\tto\tmeasure\tthe\tcost\tof\temployee"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d47052-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 61, "chroma:document": "services\treceived\tin\texchange\tfor\tthe\tstock-based\tawards.\tThe\tfair\tvalue\tof\tstock\toption\tawards\twith\tonly\tservice\tand/or\tperformance\tconditions\tis\nestimated\ton\tthe\tgrant\tor\toffering\tdate\tusing\tthe\tBlack-Scholes\toption-pricing\tmodel.\tThe\tBlack-Scholes\toption-pricing\tmodel\trequires\tinputs\tsuch\tas\tthe\nrisk-free\tinterest\trate,\texpected\tterm\tand\texpected\tvolatility.\tThese\tinputs\tare\tsubjective\tand\tgenerally\trequire\tsignificant\tjudgment.\tThe\tfair\tvalue\tof\nRSUs\tis\tmeasured\ton\tthe\tgrant\tdate\tbased\ton\tthe\tclosing\tfair\tmarket\tvalue\tof\tour\tcommon\tstock.\tThe\tresulting\tcost\tis\trecognized\tover\tthe\tperiod\tduring\nwhich\tan\temployee\tis\trequired\tto\tprovide\tservice\tin\texchange\tfor\tthe\tawards,\tusually\tthe\tvesting\tperiod,\twhich\tis\tgenerally\t\nfour\tyears\n\tfor\tstock\toptions\nand\tRSUs\tand\t\nsix\tmonths\n\tfor\tthe\tESPP.\tStock-based\tcompensation\texpense\tis\trecognized\ton\ta\tstraight-line\tbasis,\tnet\tof\tactual\tforfeitures\tin\tthe\tperiod.\nFor\tperformance-based\tawards,\tstock-based\tcompensation\texpense\tis\trecognized\tover\tthe\texpected\tperformance\tachievement\tperiod\tof\tindividual\nperformance\tmilestones\twhen\tthe\tachievement\tof\teach\tindividual\tperformance\tmilestone\tbecomes\tprobable.\n60"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d470ac-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 62, "chroma:document": "As\twe\taccumulate\tadditional\temployee\tstock-based\tawards\tdata\tover\ttime\tand\tas\twe\tincorporate\tmarket\tdata\trelated\tto\tour\tcommon\tstock,\twe\tmay\ncalculate\tsignificantly\tdifferent\tvolatilities\tand\texpected\tlives,\twhich\tcould\tmaterially\timpact\tthe\tvaluation\tof\tour\tstock-based\tawards\tand\tthe\tstock-based\ncompensation\texpense\tthat\twe\twill\trecognize\tin\tfuture\tperiods.\tStock-based\tcompensation\texpense\tis\trecorded\tin\tCost\tof\trevenues,\tResearch\tand\ndevelopment\texpense\tand\tSelling,\tgeneral\tand\tadministrative\texpense\tin\tthe\tconsolidated\tstatements\tof\toperations.\nNoncontrolling\tInterests\tand\tRedeemable\tNoncontrolling\tInterests\nNoncontrolling\tinterests\tand\tredeemable\tnoncontrolling\tinterests\trepresent\tthird-party\tinterests\tin\tthe\tnet\tassets\tunder\tcertain\tfunding\narrangements,\tor\tfunds,\tthat\twe\thave\tentered\tinto\tto\tfinance\tthe\tcosts\tof\tsolar\tenergy\tsystems\tand\tvehicles\tunder\toperating\tleases.\tWe\thave\tdetermined\nthat\tthe\tcontractual\tprovisions\tof\tthe\tfunds\trepresent\tsubstantive\tprofit-sharing\tarrangements.\tWe\thave\tfurther\tdetermined\tthat\tthe\tmethodology\tfor\ncalculating\tthe\tnoncontrolling\tinterest\tand\tredeemable\tnoncontrolling\tinterest\tbalances\tthat\treflects\tthe\tsubstantive\tprofit-sharing\tarrangements\tis\ta\nbalance\tsheet\tapproach\tusing\tthe\thypothetical\tliquidation\tat\tbook\tvalue\t(\u201cHLBV\u201d)\tmethod.\tWe,\ttherefore,\tdetermine\tthe\tamount\tof\tthe\tnoncontrolling\ninterests\tand\tredeemable\tnoncontrolling\tinterests\tin\tthe\tnet\tassets\tof\tthe\tfunds\tat\teach\tbalance\tsheet\tdate\tusing\tthe\tHLBV\tmethod,\twhich\tis\tpresented\ton\nthe\tconsolidated\tbalance\tsheet\tas\tnoncontrolling\tinterests\tin\tsubsidiaries\tand\tredeemable\tnoncontrolling\tinterests\tin\tsubsidiaries.\tUnder\tthe\tHLBV\nmethod,\tthe\tamounts\treported\tas\tnoncontrolling\tinterests\tand\tredeemable\tnoncontrolling\tinterests\tin\tthe\tconsolidated\tbalance\tsheet\trepresent\tthe"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d47110-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 62, "chroma:document": "amounts\tthe\tthird\tparties\twould\thypothetically\treceive\tat\teach\tbalance\tsheet\tdate\tunder\tthe\tliquidation\tprovisions\tof\tthe\tfunds,\tassuming\tthe\tnet\tassets\nof\tthe\tfunds\twere\tliquidated\tat\ttheir\trecorded\tamounts\tdetermined\tin\taccordance\twith\tGAAP\tand\twith\ttax\tlaws\teffective\tat\tthe\tbalance\tsheet\tdate\tand\ndistributed\tto\tthe\tthird\tparties.\tThe\tthird\tparties\u2019\tinterests\tin\tthe\tresults\tof\toperations\tof\tthe\tfunds\tare\tdetermined\tas\tthe\tdifference\tin\tthe\tnoncontrolling\ninterest\tand\tredeemable\tnoncontrolling\tinterest\tbalances\tin\tthe\tconsolidated\tbalance\tsheets\tbetween\tthe\tstart\tand\tend\tof\teach\treporting\tperiod,\tafter\ntaking\tinto\taccount\tany\tcapital\ttransactions\tbetween\tthe\tfunds\tand\tthe\tthird\tparties.\tHowever,\tthe\tredeemable\tnoncontrolling\tinterest\tbalance\tis\tat\tleast\nequal\tto\tthe\tredemption\tamount.\tThe\tredeemable\tnoncontrolling\tinterest\tbalance\tis\tpresented\tas\ttemporary\tequity\tin\tthe\tmezzanine\tsection\tof\tthe\nconsolidated\tbalance\tsheet\tsince\tthese\tthird\tparties\thave\tthe\tright\tto\tredeem\ttheir\tinterests\tin\tthe\tfunds\tfor\tcash\tor\tother\tassets.\tFor\tcertain\tfunds,\tthere\nhave\tbeen\tsignificant\tfluctuations\tin\tnet\t(loss)\tincome\tattributable\tto\tnoncontrolling\tinterests\tand\tredeemable\tnoncontrolling\tinterests\tin\tsubsidiaries\tdue\nto\tchanges\tin\tthe\tliquidation\tprovisions\tas\ttime-based\tmilestones\thave\tbeen\treached.\nNet\tIncome\tper\tShare\tof\tCommon\tStock\tAttributable\tto\tCommon\tStockholders\nBasic\tnet\tincome\tper\tshare\tof\tcommon\tstock\tattributable\tto\tcommon\tstockholders\tis\tcalculated\tby\tdividing\tnet\tincome\tattributable\tto\tcommon\nstockholders\tby\tthe\tweighted-average\tshares\tof\tcommon\tstock\toutstanding\tfor\tthe\tperiod.\tPotentially\tdilutive\tshares,\twhich\tare\tbased\ton\tthe\tweighted-"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4716a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 62, "chroma:document": "average\tshares\tof\tcommon\tstock\tunderlying\toutstanding\tstock-based\tawards,\twarrants\tand\tconvertible\tsenior\tnotes\tusing\tthe\ttreasury\tstock\tmethod\tor\nthe\tif-converted\tmethod,\tas\tapplicable,\tare\tincluded\twhen\tcalculating\tdiluted\tnet\tincome\tper\tshare\tof\tcommon\tstock\tattributable\tto\tcommon\tstockholders\nwhen\ttheir\teffect\tis\tdilutive.\nFurthermore,\tin\tconnection\twith\tthe\tofferings\tof\tour\tconvertible\tsenior\tnotes,\twe\tentered\tinto\tconvertible\tnote\thedges\tand\twarrants\t(see\tNote\t11,\nDebt\n).\tHowever,\tour\tconvertible\tnote\thedges\tare\tnot\tincluded\twhen\tcalculating\tpotentially\tdilutive\tshares\tsince\ttheir\teffect\tis\talways\tanti-dilutive.\tThe\nstrike\tprice\ton\tthe\twarrants\twere\tbelow\tour\taverage\tshare\tprice\tduring\tthe\tperiod\tand\twere\tincluded\tin\tthe\ttables\tbelow.\tWarrants\tare\tincluded\tin\tthe\nweighted-average\tshares\tused\tin\tcomputing\tbasic\tnet\tincome\tper\tshare\tof\tcommon\tstock\tin\tthe\tperiod(s)\tthey\tare\tsettled.\nThe\tfollowing\ttable\tpresents\tthe\treconciliation\tof\tnet\tincome\tattributable\tto\tcommon\tstockholders\tto\tnet\tincome\tused\tin\tcomputing\tbasic\tand\ndiluted\tnet\tincome\tper\tshare\tof\tcommon\tstock\t(in\tmillions):\nYear\tEnded\tDecember\t31,\n2023\n2022\n2021\nNet\tincome\tattributable\tto\tcommon\tstockholders\n$\n14,997\n\t\n$\n12,556\n\t\n$\n5,519\n\t\nLess:\tBuy-out\tof\tnoncontrolling\tinterest\n(\n2\n)\n(\n27\n)\n(\n5\n)\nNet\tincome\tused\tin\tcomputing\tbasic\tnet\tincome\tper\tshare\tof\tcommon\tstock\n14,999\n\t\n12,583\n\t\n5,524\n\t\nLess:\tDilutive\tconvertible\tdebt\n\u2014\n\t\n(\n1\n)\n(\n9\n)\nNet\tincome\tused\tin\tcomputing\tdiluted\tnet\tincome\tper\tshare\tof\tcommon\tstock\n$\n14,999\n\t\n$"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d471ce-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 62, "chroma:document": "$\n14,999\n\t\n$\n12,584\n\t\n$\n5,533\n\t\n61"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d47296-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 63, "chroma:document": "The\tfollowing\ttable\tpresents\tthe\treconciliation\tof\tbasic\tto\tdiluted\tweighted\taverage\tshares\tused\tin\tcomputing\tnet\tincome\tper\tshare\tof\tcommon\nstock\tattributable\tto\tcommon\tstockholders\t(in\tmillions):\nYear\tEnded\tDecember\t31,\n2023\n2022\n2021\nWeighted\taverage\tshares\tused\tin\tcomputing\tnet\tincome\tper\tshare\tof\tcommon\tstock,\nbasic\n3,174\n3,130\n2,959\nAdd:\nStock-based\tawards\n298\n310\n292\nConvertible\tsenior\tnotes\n2\n3\n29\nWarrants\n11\n32\n106\nWeighted\taverage\tshares\tused\tin\tcomputing\tnet\tincome\tper\tshare\tof\tcommon\tstock,\ndiluted\n3,485\n3,475\n3,386\nThe\tfollowing\ttable\tpresents\tthe\tpotentially\tdilutive\tshares\tthat\twere\texcluded\tfrom\tthe\tcomputation\tof\tdiluted\tnet\tincome\tper\tshare\tof\tcommon\nstock\tattributable\tto\tcommon\tstockholders,\tbecause\ttheir\teffect\twas\tanti-dilutive\t(in\tmillions):\nYear\tEnded\tDecember\t31,\n2023\n2022\n2021\nStock-based\tawards\n12\n4\n1\nBusiness\tCombinations\nWe\taccount\tfor\tbusiness\tacquisitions\tunder\tASC\t805,\t\nBusiness\tCombinations\n.\tThe\ttotal\tpurchase\tconsideration\tfor\tan\tacquisition\tis\tmeasured\tas\tthe\nfair\tvalue\tof\tthe\tassets\tgiven,\tequity\tinstruments\tissued\tand\tliabilities\tassumed\tat\tthe\tacquisition\tdate.\tCosts\tthat\tare\tdirectly\tattributable\tto\tthe\nacquisition\tare\texpensed\tas\tincurred.\tIdentifiable\tassets\t(including\tintangible\tassets),\tliabilities\tassumed\t(including\tcontingent\tliabilities)\tand\nnoncontrolling\tinterests\tin\tan\tacquisition\tare\tmeasured\tinitially\tat\ttheir\tfair\tvalues\tat\tthe\tacquisition\tdate.\tWe\trecognize\tgoodwill\tif\tthe\tfair\tvalue\tof\tthe\ntotal\tpurchase\tconsideration\tand\tany\tnoncontrolling\tinterests\tis\tin\texcess\tof\tthe\tnet\tfair\tvalue\tof\tthe\tidentifiable\tassets\tacquired\tand\tthe\tliabilities"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d472fa-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 63, "chroma:document": "assumed.\tWe\trecognize\ta\tbargain\tpurchase\tgain\twithin\tOther\tincome\t(expense),\tnet,\tin\tthe\tconsolidated\tstatement\tof\toperations\tif\tthe\tnet\tfair\tvalue\tof\nthe\tidentifiable\tassets\tacquired\tand\tthe\tliabilities\tassumed\tis\tin\texcess\tof\tthe\tfair\tvalue\tof\tthe\ttotal\tpurchase\tconsideration\tand\tany\tnoncontrolling\ninterests.\tWe\tinclude\tthe\tresults\tof\toperations\tof\tthe\tacquired\tbusiness\tin\tthe\tconsolidated\tfinancial\tstatements\tbeginning\ton\tthe\tacquisition\tdate.\nCash\tand\tCash\tEquivalents\nAll\thighly\tliquid\tinvestments\twith\tan\toriginal\tmaturity\tof\tthree\tmonths\tor\tless\tat\tthe\tdate\tof\tpurchase\tare\tconsidered\tcash\tequivalents.\tOur\tcash\nequivalents\tare\tprimarily\tcomprised\tof\tU.S.\tgovernment\tsecurities,\tmoney\tmarket\tfunds\tand\tcommercial\tpaper.\nRestricted\tCash\nWe\tmaintain\tcertain\tcash\tbalances\trestricted\tas\tto\twithdrawal\tor\tuse.\tOur\trestricted\tcash\tis\tcomprised\tprimarily\tof\tcash\theld\tto\tservice\tcertain\npayments\tunder\tvarious\tsecured\tdebt\tfacilities.\tIn\taddition,\trestricted\tcash\tincludes\tcash\theld\tas\tcollateral\tfor\tsales\tto\tlease\tpartners\twith\ta\tresale\tvalue\nguarantee,\tletters\tof\tcredit,\treal\testate\tleases\tand\tdeposits\theld\tfor\tour\tinsurance\tservices.\tWe\trecord\trestricted\tcash\tas\tother\tassets\tin\tthe\tconsolidated\nbalance\tsheets\tand\tdetermine\tcurrent\tor\tnon-current\tclassification\tbased\ton\tthe\texpected\tduration\tof\tthe\trestriction.\n62"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4735e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 64, "chroma:document": "Our\ttotal\tcash\tand\tcash\tequivalents\tand\trestricted\tcash,\tas\tpresented\tin\tthe\tconsolidated\tstatements\tof\tcash\tflows,\twas\tas\tfollows\t(in\tmillions):\nDecember\t31,\n2023\nDecember\t31,\n2022\nDecember\t31,\n2021\nCash\tand\tcash\tequivalents\n$\n16,398\n\t\n$\n16,253\n\t\n$\n17,576\n\t\nRestricted\tcash\tincluded\tin\tprepaid\texpenses\tand\tother\tcurrent\tassets\n543\n\t\n294\n\t\n345\n\t\nRestricted\tcash\tincluded\tin\tother\tnon-current\tassets\n248\n\t\n377\n\t\n223\n\t\nTotal\tas\tpresented\tin\tthe\tconsolidated\tstatements\tof\tcash\tflows\n$\n17,189\n\t\n$\n16,924\n\t\n$\n18,144\n\t\nInvestments\nInvestments\tmay\tbe\tcomprised\tof\ta\tcombination\tof\tmarketable\tsecurities,\tincluding\n\t\nU.S.\tgovernment\tsecurities,\tcorporate\tdebt\tsecurities,\ncommercial\tpaper,\ttime\tdeposits,\tand\tcertain\tcertificates\tof\tdeposit,\twhich\tare\tall\tdesignated\tas\tavailable-for-sale\tand\treported\tat\testimated\tfair\tvalue,\nwith\tunrealized\tgains\tand\tlosses\trecorded\tin\taccumulated\tother\tcomprehensive\tincome\twhich\tis\tincluded\twithin\tstockholders\u2019\tequity.\tAvailable-for-sale\nmarketable\tsecurities\twith\tmaturities\tgreater\tthan\tthree\tmonths\tat\tthe\tdate\tof\tpurchase\tare\tincluded\tin\tshort-term\tinvestments\tin\tour\tconsolidated\nbalance\tsheets.\tInterest,\tdividends,\tamortization\tand\taccretion\tof\tpurchase\tpremiums\tand\tdiscounts\ton\tthese\tinvestments\tare\tincluded\twithin\tInterest\nincome\tin\tour\tconsolidated\tstatements\tof\toperations.\nThe\tcost\tof\tavailable-for-sale\tinvestments\tsold\tis\tbased\ton\tthe\tspecific\tidentification\tmethod.\tRealized\tgains\tand\tlosses\ton\tthe\tsale\tof\tavailable-for-\nsale\tinvestments\tare\trecorded\tin\tOther\tincome\t(expense),\tnet."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d47408-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 64, "chroma:document": "We\tregularly\treview\tall\tof\tour\tinvestments\tfor\tdeclines\tin\tfair\tvalue.\tThe\treview\tincludes\tbut\tis\tnot\tlimited\tto\t(i)\tthe\tconsideration\tof\tthe\tcause\tof\tthe\ndecline,\t(ii)\tany\tcurrently\trecorded\texpected\tcredit\tlosses\tand\t(iii)\tthe\tcreditworthiness\tof\tthe\trespective\tsecurity\tissuers.\tThe\tamortized\tcost\tbasis\tof\tour\ninvestments\tapproximates\tits\tfair\tvalue.\nAccounts\tReceivable\tand\tAllowance\tfor\tDoubtful\tAccounts\nAccounts\treceivable\tprimarily\tinclude\tamounts\trelated\tto\treceivables\tfrom\tfinancial\tinstitutions\tand\tleasing\tcompanies\toffering\tvarious\tfinancing\nproducts\tto\tour\tcustomers,\tsales\tof\tenergy\tgeneration\tand\tstorage\tproducts,\tsales\tof\tregulatory\tcredits\tto\tother\tautomotive\tmanufacturers\tand\ngovernment\trebates\talready\tpassed\tthrough\tto\tcustomers.\tWe\tprovide\tan\tallowance\tagainst\taccounts\treceivable\tfor\tthe\tamount\twe\texpect\tto\tbe\nuncollectible.\tWe\twrite-off\taccounts\treceivable\tagainst\tthe\tallowance\twhen\tthey\tare\tdeemed\tuncollectible.\nDepending\ton\tthe\tday\tof\tthe\tweek\ton\twhich\tthe\tend\tof\ta\tfiscal\tquarter\tfalls,\tour\taccounts\treceivable\tbalance\tmay\tfluctuate\tas\twe\tare\twaiting\tfor\ncertain\tcustomer\tpayments\tto\tclear\tthrough\tour\tbanking\tinstitutions\tand\treceipts\tof\tpayments\tfrom\tour\tfinancing\tpartners,\twhich\tcan\ttake\tup\tto\napproximately\ttwo\tweeks\tbased\ton\tthe\tcontractual\tpayment\tterms\twith\tsuch\tpartners.\tOur\taccounts\treceivable\tbalances\tassociated\twith\tour\tsales\tof\nregulatory\tcredits\tare\tdependent\ton\tcontractual\tpayment\tterms.\tAdditionally,\tgovernment\trebates\tcan\ttake\tup\tto\ta\tyear\tor\tmore\tto\tbe\tcollected\ndepending\ton\tthe\tcustomary\tprocessing\ttimelines\tof\tthe\tspecific\tjurisdictions\tissuing\tthem.\tThese\tvarious\tfactors\tmay\thave\ta\tsignificant\timpact\ton\tour\naccounts\treceivable\tbalance\tfrom\tperiod\tto\tperiod."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4746c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 64, "chroma:document": "accounts\treceivable\tbalance\tfrom\tperiod\tto\tperiod.\n\tAs\tof\tDecember\t31,\t2023\tand\t2022,\twe\thad\t$\n207\n\tmillion\tand\t$\n753\n\tmillion,\trespectively,\tof\tlong-term\ngovernment\trebates\treceivable\tin\tOther\tnon-current\tassets\tin\tour\tconsolidated\tbalance\tsheets.\nFinancing\tReceivables\nWe\tprovide\tfinancing\toptions\tto\tour\tcustomers\tfor\tour\tautomotive\tand\tenergy\tproducts.\tFinancing\treceivables\tare\tcarried\tat\tamortized\tcost,\tnet\tof\nallowance\tfor\tloan\tlosses.\tProvisions\tfor\tloan\tlosses\tare\tcharged\tto\toperations\tin\tamounts\tsufficient\tto\tmaintain\tthe\tallowance\tfor\tloan\tlosses\tat\tlevels\nconsidered\tadequate\tto\tcover\texpected\tcredit\tlosses\ton\tthe\tfinancing\treceivables.\tIn\tdetermining\texpected\tcredit\tlosses,\twe\tconsider\tour\thistorical\tlevel\nof\tcredit\tlosses,\tcurrent\teconomic\ttrends,\tand\treasonable\tand\tsupportable\tforecasts\tthat\taffect\tthe\tcollectability\tof\tthe\tfuture\tcash\tflows.\nWhen\toriginating\tconsumer\treceivables,\twe\treview\tthe\tcredit\tapplication,\tthe\tproposed\tcontract\tterms,\tcredit\tbureau\tinformation\t(e.g.,\tFICO\tscore)\nand\tother\tinformation.\tOur\tevaluation\temphasizes\tthe\tapplicant\u2019s\tability\tto\tpay\tand\tcreditworthiness\tfocusing\ton\tpayment,\taffordability,\tand\tapplicant\ncredit\thistory\tas\tkey\tconsiderations.\tGenerally,\tall\tcustomers\tin\tthis\tportfolio\thave\tstrong\tcreditworthiness\tat\tloan\torigination.\n63"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d474c6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 65, "chroma:document": "After\torigination,\twe\treview\tthe\tcredit\tquality\tof\tretail\tfinancing\tbased\ton\tcustomer\tpayment\tactivity\tand\taging\tanalysis.\tFor\tall\tfinancing\nreceivables,\twe\tdefine\t\u201cpast\tdue\u201d\tas\tany\tpayment,\tincluding\tprincipal\tand\tinterest,\twhich\tis\tat\tleast\t31\tdays\tpast\tthe\tcontractual\tdue\tdate.\n\tAs\tof\nDecember\t31,\t2023\tand\t2022,\tthe\tvast\tmajority\tof\tour\tfinancing\treceivables\twere\tat\tcurrent\tstatus\twith\tonly\tan\timmaterial\tbalance\tbeing\tpast\tdue.\tAs\tof\nDecember\t31,\t2023,\tthe\tmajority\tof\tour\tfinancing\treceivables,\texcluding\tMyPower\tnotes\treceivable,\twere\toriginated\tin\t2023\tand\t2022,\tand\tas\tof\nDecember\t31,\t2022,\tthe\tmajority\tof\tour\tfinancing\treceivables,\texcluding\tMyPower\tnotes\treceivable,\twere\toriginated\tin\t2022.\nWe\thave\tcustomer\tnotes\treceivable\tunder\tthe\tlegacy\tMyPower\tloan\tprogram,\twhich\tprovided\tresidential\tcustomers\twith\tthe\toption\tto\tfinance\tthe\npurchase\tof\ta\tsolar\tenergy\tsystem\tthrough\ta\t\n30-year\n\tloan\tand\twere\tall\toriginated\tprior\tto\tyear\t2018.\tThe\toutstanding\tbalances,\tnet\tof\tany\tallowance\tfor\nexpected\tcredit\tlosses,\tare\tpresented\ton\tthe\tconsolidated\tbalance\tsheets\tas\ta\tcomponent\tof\tPrepaid\texpenses\tand\tother\tcurrent\tassets\tfor\tthe\tcurrent\nportion\tand\tas\tOther\tnon-current\tassets\tfor\tthe\tlong-term\tportion.\tAs\tof\tDecember\t31,\t2023\tand\t2022,\tthe\ttotal\toutstanding\tbalance\tof\tMyPower\ncustomer\tnotes\treceivable,\tnet\tof\tallowance\tfor\texpected\tcredit\tlosses,\twas\t$\n266\n\tmillion\tand\t$\n280\n\tmillion,\trespectively,\tof\twhich\t$\n5\n\tmillion\tand\t$\n7\n\tmillion"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d47520-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 65, "chroma:document": "5\n\tmillion\tand\t$\n7\n\tmillion\nwere\tdue\tin\tthe\tnext\t12\tmonths\tas\tof\tDecember\t31,\t2023\tand\t2022,\trespectively.\tAs\tof\tDecember\t31,\t2023\tand\t2022,\tthe\tallowance\tfor\texpected\tcredit\nlosses\twas\t$\n36\n\tmillion\tand\t$\n37\n\tmillion,\trespectively.\nConcentration\tof\tRisk\nCredit\tRisk\nFinancial\tinstruments\tthat\tpotentially\tsubject\tus\tto\ta\tconcentration\tof\tcredit\trisk\tconsist\tof\tcash,\tcash\tequivalents,\tinvestments,\trestricted\tcash,\naccounts\treceivable\tand\tother\tfinance\treceivables.\tOur\tcash\tand\tinvestments\tbalances\tare\tprimarily\ton\tdeposit\tat\thigh\tcredit\tquality\tfinancial\tinstitutions\nor\tinvested\tin\tmoney\tmarket\tfunds.\tThese\tdeposits\tare\ttypically\tin\texcess\tof\tinsured\tlimits.\tAs\tof\tDecember\t31,\t2023\tand\t2022,\tno\tentity\trepresented\n10%\tor\tmore\tof\tour\ttotal\treceivables\tbalance.\nSupply\tRisk\nWe\tare\tdependent\ton\tour\tsuppliers,\tincluding\tsingle\tsource\tsuppliers,\tand\tthe\tinability\tof\tthese\tsuppliers\tto\tdeliver\tnecessary\tcomponents\tof\tour\nproducts\tin\ta\ttimely\tmanner\tat\tprices,\tquality\tlevels\tand\tvolumes\tacceptable\tto\tus,\tor\tour\tinability\tto\tefficiently\tmanage\tthese\tcomponents\tfrom\tthese\nsuppliers,\tcould\thave\ta\tmaterial\tadverse\teffect\ton\tour\tbusiness,\tprospects,\tfinancial\tcondition\tand\toperating\tresults.\nInventory\tValuation\nInventories\tare\tstated\tat\tthe\tlower\tof\tcost\tor\tnet\trealizable\tvalue.\tCost\tis\tcomputed\tusing\tstandard\tcost\tfor\tvehicles\tand\tenergy\tproducts,\twhich\napproximates\tactual\tcost\ton\ta\tfirst-in,\tfirst-out\tbasis.\tWe\trecord\tinventory\twrite-downs\tfor\texcess\tor\tobsolete\tinventories\tbased\tupon\tassumptions\tabout"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4758e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 65, "chroma:document": "current\tand\tfuture\tdemand\tforecasts.\tIf\tour\tinventory\ton-hand\tis\tin\texcess\tof\tour\tfuture\tdemand\tforecast,\tthe\texcess\tamounts\tare\twritten-off.\nWe\talso\treview\tour\tinventory\tto\tdetermine\twhether\tits\tcarrying\tvalue\texceeds\tthe\tnet\tamount\trealizable\tupon\tthe\tultimate\tsale\tof\tthe\tinventory.\nThis\trequires\tus\tto\tdetermine\tthe\testimated\tselling\tprice\tof\tour\tvehicles\tless\tthe\testimated\tcost\tto\tconvert\tthe\tinventory\ton-hand\tinto\ta\tfinished\tproduct.\nOnce\tinventory\tis\twritten-down,\ta\tnew,\tlower\tcost\tbasis\tfor\tthat\tinventory\tis\testablished\tand\tsubsequent\tchanges\tin\tfacts\tand\tcircumstances\tdo\tnot\tresult\nin\tthe\trestoration\tor\tincrease\tin\tthat\tnewly\testablished\tcost\tbasis.\nShould\tour\testimates\tof\tfuture\tselling\tprices\tor\tproduction\tcosts\tchange,\tadditional\tand\tpotentially\tmaterial\twrite-downs\tmay\tbe\trequired.\tA\tsmall\nchange\tin\tour\testimates\tmay\tresult\tin\ta\tmaterial\tcharge\tto\tour\treported\tfinancial\tresults.\nOperating\tLease\tVehicles\nVehicles\tthat\tare\tleased\tas\tpart\tof\tour\tdirect\tvehicle\tleasing\tprogram\tare\tclassified\tas\toperating\tlease\tvehicles\tat\tcost\tless\taccumulated\ndepreciation.\tWe\tgenerally\tdepreciate\ttheir\tcost,\tless\tresidual\tvalue,\tusing\tthe\tstraight-line-method\tto\tcost\tof\tautomotive\tleasing\trevenue\tover\tthe\ncontractual\tperiod.\n\tThe\tgross\tcost\tof\toperating\tlease\tvehicles\tas\tof\tDecember\t31,\t2023\tand\t2022\twas\t$\n7.36\n\tbillion\tand\t$\n6.08\n\tbillion,\trespectively.\nOperating\tlease\tvehicles\ton\tthe\tconsolidated\tbalance\tsheets\tare\tpresented\tnet\tof\taccumulated\tdepreciation\tof\t$\n1.38\n\tbillion\tand\t$\n1.04\n\tbillion\tas\tof\nDecember\t31,\t2023\tand\t2022,\trespectively.\n64"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d475e8-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 66, "chroma:document": "Digital\tAssets,\tNet\nWe\tcurrently\taccount\tfor\tall\tdigital\tassets\theld\tas\tindefinite-lived\tintangible\tassets\tin\taccordance\twith\tASC\t350,\t\nIntangibles\u2014Goodwill\tand\tOther\n.\tWe\nhave\townership\tof\tand\tcontrol\tover\tour\tdigital\tassets\tand\twe\tmay\tuse\tthird-party\tcustodial\tservices\tto\tsecure\tit.\tThe\tdigital\tassets\tare\tinitially\trecorded\tat\ncost\tand\tare\tsubsequently\tremeasured\ton\tthe\tconsolidated\tbalance\tsheet\tat\tcost,\tnet\tof\tany\timpairment\tlosses\tincurred\tsince\tacquisition.\nWe\tdetermine\tthe\tfair\tvalue\tof\tour\tdigital\tassets\ton\ta\tnonrecurring\tbasis\tin\taccordance\twith\tASC\t820,\t\nFair\tValue\tMeasurement\t\n(\u201cASC\t820\u201d),\tbased\non\tquoted\tprices\ton\tthe\tactive\texchange(s)\tthat\twe\thave\tdetermined\tis\tthe\tprincipal\tmarket\tfor\tsuch\tassets\t(Level\tI\tinputs).\tWe\tperform\tan\tanalysis\teach\nquarter\tto\tidentify\twhether\tevents\tor\tchanges\tin\tcircumstances,\tprincipally\tdecreases\tin\tthe\tquoted\tprices\ton\tactive\texchanges,\tindicate\tthat\tit\tis\tmore\nlikely\tthan\tnot\tthat\tour\tdigital\tassets\tare\timpaired.\tIn\tdetermining\tif\tan\timpairment\thas\toccurred,\twe\tconsider\tthe\tlowest\tmarket\tprice\tof\tone\tunit\tof\ndigital\tasset\tquoted\ton\tthe\tactive\texchange\tsince\tacquiring\tthe\tdigital\tasset.\tWhen\tthe\tthen\tcurrent\tcarrying\tvalue\tof\ta\tdigital\tasset\texceeds\tthe\tfair\nvalue\tdetermined\teach\tquarter,\tan\timpairment\tloss\thas\toccurred\twith\trespect\tto\tthose\tdigital\tassets\tin\tthe\tamount\tequal\tto\tthe\tdifference\tbetween\ttheir\ncarrying\tvalues\tand\tthe\tprices\tdetermined.\nImpairment\tlosses\tare\trecognized\twithin\tRestructuring\tand\tother\tin\tthe\tconsolidated\tstatements\tof\toperations\tin\tthe\tperiod\tin\twhich\tthe\timpairment"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4764c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 66, "chroma:document": "is\tidentified.\tGains\tare\tnot\trecorded\tuntil\trealized\tupon\tsale(s),\tat\twhich\tpoint\tthey\tare\tpresented\tnet\tof\tany\timpairment\tlosses\tfor\tthe\tsame\tdigital\tassets\nheld\twithin\tRestructuring\tand\tother.\tIn\tdetermining\tthe\tgain\tto\tbe\trecognized\tupon\tsale,\twe\tcalculate\tthe\tdifference\tbetween\tthe\tsales\tprice\tand\tcarrying\nvalue\tof\tthe\tdigital\tassets\tsold\timmediately\tprior\tto\tsale.\nSee\tNote\t3,\t\nDigital\tAssets,\tNet\n,\tfor\tfurther\tinformation\tregarding\tdigital\tassets.\nSolar\tEnergy\tSystems,\tNet\nWe\tare\tthe\tlessor\tof\tsolar\tenergy\tsystems.\tSolar\tenergy\tsystems\tare\tstated\tat\tcost\tless\taccumulated\tdepreciation.\nDepreciation\tand\tamortization\tis\tcalculated\tusing\tthe\tstraight-line\tmethod\tover\tthe\testimated\tuseful\tlives\tof\tthe\trespective\tassets,\tas\tfollows:\nSolar\tenergy\tsystems\tin\tservice\n30\n\tto\t\n35\n\tyears\nInitial\tdirect\tcosts\trelated\tto\tcustomer\tsolar\tenergy\tsystem\tlease\tacquisition\tcosts\nLease\tterm\t(up\tto\t\n25\n\tyears)\nSolar\tenergy\tsystems\tpending\tinterconnection\twill\tbe\tdepreciated\tas\tsolar\tenergy\tsystems\tin\tservice\twhen\tthey\thave\tbeen\tinterconnected\tand\nplaced\tin-service.\tSolar\tenergy\tsystems\tunder\tconstruction\trepresents\tsystems\tthat\tare\tunder\tinstallation,\twhich\twill\tbe\tdepreciated\tas\tsolar\tenergy\nsystems\tin\tservice\twhen\tthey\tare\tcompleted,\tinterconnected\tand\tplaced\tin\tservice.\tInitial\tdirect\tcosts\trelated\tto\tcustomer\tsolar\tenergy\tsystem\tagreement\nacquisition\tcosts\tare\tcapitalized\tand\tamortized\tover\tthe\tterm\tof\tthe\trelated\tcustomer\tagreements.\nProperty,\tPlant\tand\tEquipment,\tNet\nProperty,\tplant\tand\tequipment,\tnet,\tincluding\tleasehold\timprovements,\tare\trecognized\tat\tcost\tless\taccumulated\tdepreciation.\tDepreciation\tis"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d476e2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 66, "chroma:document": "generally\tcomputed\tusing\tthe\tstraight-line\tmethod\tover\tthe\testimated\tuseful\tlives\tof\tthe\trespective\tassets,\tas\tfollows:\nMachinery,\tequipment,\tvehicles\tand\toffice\tfurniture\n3\n\tto\t\n15\n\tyears\nTooling\n4\n\tto\t\n7\n\tyears\nBuilding\tand\tbuilding\timprovements\n15\n\tto\t\n30\n\tyears\nComputer\tequipment\tand\tsoftware\n3\n\tto\t\n10\n\tyears\nLeasehold\timprovements\tare\tdepreciated\ton\ta\tstraight-line\tbasis\tover\tthe\tshorter\tof\ttheir\testimated\tuseful\tlives\tor\tthe\tterms\tof\tthe\trelated\tleases.\nUpon\tthe\tretirement\tor\tsale\tof\tour\tproperty,\tplant\tand\tequipment,\tthe\tcost\tand\tassociated\taccumulated\tdepreciation\tare\tremoved\tfrom\tthe\nconsolidated\tbalance\tsheet,\tand\tthe\tresulting\tgain\tor\tloss\tis\treflected\ton\tthe\tconsolidated\tstatement\tof\toperations.\tMaintenance\tand\trepair\texpenditures\nare\texpensed\tas\tincurred\twhile\tmajor\timprovements\tthat\tincrease\tthe\tfunctionality,\toutput\tor\texpected\tlife\tof\tan\tasset\tare\tcapitalized\tand\tdepreciated\nratably\tover\tthe\tidentified\tuseful\tlife.\n65"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4773c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 67, "chroma:document": "Interest\texpense\ton\toutstanding\tdebt\tis\tcapitalized\tduring\tthe\tperiod\tof\tsignificant\tcapital\tasset\tconstruction.\tCapitalized\tinterest\ton\tconstruction\tin\nprogress\tis\tincluded\twithin\tProperty,\tplant\tand\tequipment,\tnet\tand\tis\tamortized\tover\tthe\tlife\tof\tthe\trelated\tassets.\nLong-Lived\tAssets\tIncluding\tAcquired\tIntangible\tAssets\nWe\treview\tour\tproperty,\tplant\tand\tequipment,\tsolar\tenergy\tsystems,\tlong-term\tprepayments\tand\tintangible\tassets\tfor\timpairment\twhenever\tevents\nor\tchanges\tin\tcircumstances\tindicate\tthat\tthe\tcarrying\tamount\tof\tan\tasset\t(or\tasset\tgroup)\tmay\tnot\tbe\trecoverable.\tWe\tmeasure\trecoverability\tby\ncomparing\tthe\tcarrying\tamount\tto\tthe\tfuture\tundiscounted\tcash\tflows\tthat\tthe\tasset\tis\texpected\tto\tgenerate.\tIf\tthe\tasset\tis\tnot\trecoverable,\tits\tcarrying\namount\twould\tbe\tadjusted\tdown\tto\tits\tfair\tvalue.\tFor\tthe\tyears\tended\tDecember\t31,\t2023,\t2022\tand\t2021,\twe\thave\trecognized\tno\tmaterial\timpairments\nof\tour\tlong-lived\tassets.\nIntangible\tassets\twith\tdefinite\tlives\tare\tamortized\ton\ta\tstraight-line\tbasis\tover\ttheir\testimated\tuseful\tlives,\twhich\trange\tfrom\t\nseven\n\tto\t\nthirty\tyears\n.\nGoodwill\nWe\tassess\tgoodwill\tfor\timpairment\tannually\tin\tthe\tfourth\tquarter,\tor\tmore\tfrequently\tif\tevents\tor\tchanges\tin\tcircumstances\tindicate\tthat\tit\tmight\tbe\nimpaired,\tby\tcomparing\tits\tcarrying\tvalue\tto\tthe\treporting\tunit\u2019s\tfair\tvalue.\n\tFor\tthe\tyears\tended\tDecember\t31,\t2023,\t2022,\tand\t2021,\twe\tdid\t\nno\nt\nrecognize\tany\timpairment\tof\tgoodwill.\nCapitalization\tof\tSoftware\tCosts\nWe\tcapitalize\tcosts\tincurred\tin\tthe\tdevelopment\tof\tinternal\tuse\tsoftware,\tduring\tthe\tapplication\tdevelopment\tstage\tto\tProperty,\tplant\tand"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d47796-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 67, "chroma:document": "equipment,\tnet\ton\tthe\tconsolidated\tbalance\tsheets.\tCosts\trelated\tto\tpreliminary\tproject\tactivities\tand\tpost-implementation\tactivities\tare\texpensed\tas\nincurred.\tSuch\tcosts\tare\tamortized\ton\ta\tstraight-line\tbasis\tover\ttheir\testimated\tuseful\tlife\tof\t\nthree\n\tto\t\nfive\tyears\n.\nSoftware\tdevelopment\tcosts\tincurred\tin\tdevelopment\tof\tsoftware\tto\tbe\tsold,\tleased,\tor\totherwise\tmarketed,\tincurred\tsubsequent\tto\tthe\nestablishment\tof\ttechnological\tfeasibility\tand\tprior\tto\tthe\tgeneral\tavailability\tof\tthe\tsoftware\tare\tcapitalized\twhen\tthey\tare\texpected\tto\tbecome\nsignificant.\tSuch\tcosts\tare\tamortized\tover\tthe\testimated\tuseful\tlife\tof\tthe\tapplicable\tsoftware\tonce\tit\tis\tmade\tgenerally\tavailable\tto\tour\tcustomers.\nWe\tevaluate\tthe\tuseful\tlives\tof\tthese\tassets\ton\tan\tannual\tbasis,\tand\twe\ttest\tfor\timpairment\twhenever\tevents\tor\tchanges\tin\tcircumstances\toccur\nthat\tcould\timpact\tthe\trecoverability\tof\tthese\tassets.\n\tFor\tthe\tyears\tended\tDecember\t31,\t2023,\t2022,\tand\t2021,\twe\thave\trecognized\tno\timpairments\tof\ncapitalized\tsoftware\tcosts.\nForeign\tCurrency\nWe\tdetermine\tthe\tfunctional\tand\treporting\tcurrency\tof\teach\tof\tour\tinternational\tsubsidiaries\tand\ttheir\toperating\tdivisions\tbased\ton\tthe\tprimary\ncurrency\tin\twhich\tthey\toperate.\tIn\tcases\twhere\tthe\tfunctional\tcurrency\tis\tnot\tthe\tU.S.\tdollar,\twe\trecognize\ta\tcumulative\ttranslation\tadjustment\tcreated\tby\nthe\tdifferent\trates\twe\tapply\tto\tcurrent\tperiod\tincome\tor\tloss\tand\tthe\tbalance\tsheet.\tFor\teach\tsubsidiary,\twe\tapply\tthe\tmonthly\taverage\tfunctional\nexchange\trate\tto\tits\tmonthly\tincome\tor\tloss\tand\tthe\tmonth-end\tfunctional\tcurrency\trate\tto\ttranslate\tthe\tbalance\tsheet."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d477fa-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 67, "chroma:document": "Foreign\tcurrency\ttransaction\tgains\tand\tlosses\tare\ta\tresult\tof\tthe\teffect\tof\texchange\trate\tchanges\ton\ttransactions\tdenominated\tin\tcurrencies\tother\nthan\tthe\tfunctional\tcurrency\tof\tthe\trespective\tsubsidiary.\tTransaction\tgains\tand\tlosses\tare\trecognized\tin\tOther\tincome\t(expense),\tnet,\tin\tthe\tconsolidated\nstatements\tof\toperations.\n\tFor\tthe\tyears\tended\tDecember\t31,\t2023,\t2022\tand\t2021,\twe\trecorded\ta\tnet\tforeign\tcurrency\ttransaction\tgain\tof\t$\n122\n\tmillion,\nloss\tof\t$\n89\n\tmillion\tand\tgain\tof\t$\n97\n\tmillion,\trespectively.\n66"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4785e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 68, "chroma:document": "Warranties\nWe\tprovide\ta\tmanufacturer\u2019s\twarranty\ton\tall\tnew\tand\tused\tvehicles\tand\ta\twarranty\ton\tthe\tinstallation\tand\tcomponents\tof\tthe\tenergy\tgeneration\nand\tstorage\tsystems\twe\tsell\tfor\tperiods\ttypically\tbetween\t\n10\n\tto\t\n25\n\tyears.\tWe\taccrue\ta\twarranty\treserve\tfor\tthe\tproducts\tsold\tby\tus,\twhich\tincludes\tour\nbest\testimate\tof\tthe\tprojected\tcosts\tto\trepair\tor\treplace\titems\tunder\twarranties\tand\trecalls\tif\tidentified.\tThese\testimates\tare\tbased\ton\tactual\tclaims\nincurred\tto\tdate\tand\tan\testimate\tof\tthe\tnature,\tfrequency\tand\tcosts\tof\tfuture\tclaims.\tThese\testimates\tare\tinherently\tuncertain\tand\tchanges\tto\tour\nhistorical\tor\tprojected\twarranty\texperience\tmay\tcause\tmaterial\tchanges\tto\tthe\twarranty\treserve\tin\tthe\tfuture.\tThe\twarranty\treserve\tdoes\tnot\tinclude\nprojected\twarranty\tcosts\tassociated\twith\tour\tvehicles\tsubject\tto\toperating\tlease\taccounting\tand\tour\tsolar\tenergy\tsystems\tunder\tlease\tcontracts\tor\tPPAs,\nas\tthe\tcosts\tto\trepair\tthese\twarranty\tclaims\tare\texpensed\tas\tincurred.\tThe\tportion\tof\tthe\twarranty\treserve\texpected\tto\tbe\tincurred\twithin\tthe\tnext\t12\nmonths\tis\tincluded\twithin\tAccrued\tliabilities\tand\tother,\twhile\tthe\tremaining\tbalance\tis\tincluded\twithin\tOther\tlong-term\tliabilities\ton\tthe\tconsolidated\nbalance\tsheets.\tFor\tliabilities\tthat\twe\tare\tentitled\tto\treceive\tindemnification\tfrom\tour\tsuppliers,\twe\trecord\treceivables\tfor\tthe\tcontractually\tobligated\namounts\ton\tthe\tconsolidated\tbalance\tsheets\tas\ta\tcomponent\tof\tPrepaid\texpenses\tand\tother\tcurrent\tassets\tfor\tthe\tcurrent\tportion\tand\tas\tOther\tnon-\ncurrent\tassets\tfor\tthe\tlong-term\tportion.\tWarranty\texpense\tis\trecorded\tas\ta\tcomponent\tof\tCost\tof\trevenues\tin\tthe\tconsolidated\tstatements\tof\toperations."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d478c2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 68, "chroma:document": "Due\tto\tthe\tmagnitude\tof\tour\tautomotive\tbusiness,\tour\taccrued\twarranty\tbalance\tis\tprimarily\trelated\tto\tour\tautomotive\tsegment.\n\t\nAccrued\twarranty\nactivity\tconsisted\tof\tthe\tfollowing\t(in\tmillions):\nYear\tEnded\tDecember\t31,\n2023\n2022\n2021\nAccrued\twarranty\u2014beginning\tof\tperiod\n$\n3,505\n\t\n$\n2,101\n\t\n$\n1,468\n\t\nWarranty\tcosts\tincurred\n(\n1,225\n)\n(\n803\n)\n(\n525\n)\nNet\tchanges\tin\tliability\tfor\tpre-existing\twarranties,\tincluding\texpirations\tand\tforeign\nexchange\timpact\n539\n\t\n522\n\t\n102\n\t\nProvision\tfor\twarranty\n2,333\n\t\n1,685\n\t\n1,056\n\t\nAccrued\twarranty\u2014end\tof\tperiod\n$\n5,152\n\t\n$\n3,505\n\t\n$\n2,101\n\t\nCustomer\tDeposits\nCustomer\tdeposits\tprimarily\tconsist\tof\trefundable\tcash\tpayments\tfrom\tcustomers\tat\tthe\ttime\tthey\tplace\tan\torder\tor\treservation\tfor\ta\tvehicle\tor\tan\nenergy\tproduct\tand\tany\tadditional\tpayments\tup\tto\tthe\tpoint\tof\tdelivery\tor\tthe\tcompletion\tof\tinstallation.\tCustomer\tdeposits\talso\tinclude\tprepayments\ton\ncontracts\tthat\tcan\tbe\tcancelled\twithout\tsignificant\tpenalties,\tsuch\tas\tvehicle\tmaintenance\tplans.\tCustomer\tdeposits\tare\tincluded\tin\tAccrued\tliabilities\tand\nother\ton\tthe\tconsolidated\tbalance\tsheets\tuntil\trefunded,\tforfeited\tor\tapplied\ttowards\tthe\tcustomer\u2019s\tpurchase\tbalance.\nGovernment\tAssistance\tPrograms\tand\tIncentives\nGlobally,\tthe\toperation\tof\tour\tbusiness\tis\timpacted\tby\tvarious\tgovernment\tprograms,\tincentives,\tand\tother\tarrangements.\tGovernment\tincentives\nare\trecorded\tin\tour\tconsolidated\tfinancial\tstatements\tin\taccordance\twith\ttheir\tpurpose\tas\ta\treduction\tof\texpense,\tor\tan\toffset\tto\tthe\trelated\tcapital\tasset."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d4791c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 68, "chroma:document": "The\tbenefit\tis\tgenerally\trecorded\twhen\tall\tconditions\tattached\tto\tthe\tincentive\thave\tbeen\tmet\tor\tare\texpected\tto\tbe\tmet\tand\tthere\tis\treasonable\nassurance\tof\ttheir\treceipt.\nThe\tIRA\tIncentives\nOn\tAugust\t16,\t2022,\tthe\tIRA\twas\tenacted\tinto\tlaw\tand\tis\teffective\tfor\ttaxable\tyears\tbeginning\tafter\tDecember\t31,\t2022.\tThe\tIRA\tincludes\tmultiple\nincentives\tto\tpromote\tclean\tenergy,\telectric\tvehicles,\tbattery\tand\tenergy\tstorage\tmanufacture\tor\tpurchase,\tin\taddition\tto\ta\tnew\tcorporate\talternative\nminimum\ttax\tof\t15%\ton\tadjusted\tfinancial\tstatement\tincome\tof\tcorporations\twith\tprofits\tgreater\tthan\t$1\tbillion.\tSome\tof\tthese\tmeasures\tare\texpected\tto\nmaterially\taffect\tour\tconsolidated\tfinancial\tstatements.\tFor\tthe\tyear\tended\tDecember\t31,\t2023,\tthe\timpact\tfrom\tour\tIRA\tincentive\twas\tprimarily\ta\nreduction\tof\tour\tmaterial\tcosts\tin\tour\tconsolidated\tstatement\tof\toperations.\tWe\twill\tcontinue\tto\tevaluate\tthe\teffects\tof\tthe\tIRA\tas\tmore\tguidance\tis\tissued\nand\tthe\trelevant\timplications\tto\tour\tconsolidated\tfinancial\tstatements.\n67"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d47980-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 69, "chroma:document": "Gigafactory\tNew\tYork\u2014New\tYork\tState\tInvestment\tand\tLease\nWe\thave\ta\tlease\tthrough\tthe\tResearch\tFoundation\tfor\tthe\tSUNY\tFoundation\twith\trespect\tto\tGigafactory\tNew\tYork.\tUnder\tthe\tlease\tand\ta\trelated\nresearch\tand\tdevelopment\tagreement,\twe\tare\tcontinuing\tto\tdesignate\tfurther\tbuildouts\tat\tthe\tfacility.\tWe\tare\trequired\tto\tcomply\twith\tcertain\tcovenants,\nincluding\thiring\tand\tcumulative\tinvestment\ttargets.\tUnder\tthe\tterms\tof\tthe\tarrangement,\tthe\tSUNY\tFoundation\tpaid\tfor\ta\tmajority\tof\tthe\tconstruction\ncosts\trelated\tto\tthe\tmanufacturing\tfacility\tand\tthe\tacquisition\tand\tcommissioning\tof\tcertain\tmanufacturing\tequipment;\tand\twe\tare\tresponsible\tfor\tany\nconstruction\tor\tequipment\tcosts\tin\texcess\tof\tsuch\tamount\t(refer\tto\tNote\t15,\t\nCommitments\tand\tContingencies\n).\tThis\tincentive\treduces\tthe\trelated\tlease\ncosts\tof\tthe\tfacility\twithin\tthe\tEnergy\tgeneration\tand\tstorage\tcost\tof\trevenues\tand\toperating\texpense\tline\titems\tin\tour\tconsolidated\tstatements\tof\noperations.\nGigafactory\tShanghai\u2014Land\tUse\tRights\tand\tEconomic\tBenefits\nWe\thave\tan\tagreement\twith\tthe\tlocal\tgovernment\tof\tShanghai\tfor\tland\tuse\trights\tat\tGigafactory\tShanghai.\tUnder\tthe\tterms\tof\tthe\tarrangement,\twe\nare\trequired\tto\tmeet\ta\tcumulative\tcapital\texpenditure\ttarget\tand\tan\tannual\ttax\trevenue\ttarget\tstarting\tat\tthe\tend\tof\t2023.\tIn\taddition,\tthe\tShanghai\ngovernment\thas\tgranted\tto\tour\tGigafactory\tShanghai\tsubsidiary\tcertain\tincentives\tto\tbe\tused\tin\tconnection\twith\teligible\tcapital\tinvestments\tat\nGigafactory\tShanghai\t(refer\tto\tNote\t15,\t\nCommitments\tand\tContingencies\n).\tFor\tthe\tyear\tended\tDecember\t31,\t2022,\twe\treceived\tgrant\tfunding\tof\t$\n76"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d479da-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 69, "chroma:document": "76\nmillion.\tThese\tincentives\toffset\tthe\trelated\tcosts\tof\tour\tfacilities\tand\tare\trecorded\tas\ta\treduction\tof\tthe\tcost\tof\tthe\tcapital\tinvestment\twithin\tthe\tProperty,\nplant\tand\tequipment,\tnet\tline\titem\tin\tour\tconsolidated\tbalance\tsheets.\tThe\tincentive\ttherefore\treduces\tthe\tdepreciation\texpense\tover\tthe\tuseful\tlives\tof\nthe\trelated\tequipment.\nNevada\tTax\tIncentives\nIn\tconnection\twith\tthe\tconstruction\tof\tGigafactory\tNevada,\twe\tentered\tinto\tagreements\twith\tthe\tState\tof\tNevada\tand\tStorey\tCounty\tin\tNevada\tthat\nprovide\tabatements\tfor\tspecified\ttaxes,\tdiscounts\tto\tthe\tbase\ttariff\tenergy\trates\tand\ttransferable\ttax\tcredits\tof\tup\tto\t$\n195\n\tmillion\tin\tconsideration\tof\ncapital\tinvestment\tand\thiring\ttargets\tthat\twere\tmet\tat\tGigafactory\tNevada.\nGigafactory\tTexas\tTax\tIncentives\nIn\tconnection\twith\tthe\tconstruction\tof\tGigafactory\tTexas,\twe\tentered\tinto\ta\t\n20-year\n\tagreement\twith\tTravis\tCounty\tin\tTexas\tpursuant\tto\twhich\twe\nwould\treceive\tgrant\tfunding\tequal\tto\t\n70\n-\n80\n%\tof\tproperty\ttaxes\tpaid\tby\tus\tto\tTravis\tCounty\tand\ta\tseparate\t\n10-year\n\tagreement\twith\tthe\tDel\tValle\nIndependent\tSchool\tDistrict\tin\tTexas\tpursuant\tto\twhich\ta\tportion\tof\tthe\ttaxable\tvalue\tof\tour\tproperty\twould\tbe\tcapped\tat\ta\tspecified\tamount,\tin\teach\tcase\nsubject\tto\tour\tmeeting\tcertain\tminimum\teconomic\tdevelopment\tmetrics\tthrough\tour\tconstruction\tand\toperations\tat\tGigafactory\tTexas.\tThis\tincentive\tis\nrecorded\tas\ta\treduction\tof\tthe\trelated\texpenses\twithin\tthe\tCost\tof\tautomotive\trevenues\tand\toperating\texpense\tline\titems\tof\tour\tconsolidated\tstatements\nof\toperations.\n\tAs\tof\tDecember\t31,\t2023,\tthe\tgrant\tfunding\trelated\tto\tproperty\ttaxes\tpaid\twere\timmaterial.\nDefined\tContribution\tPlan"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d47a3e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 69, "chroma:document": "Defined\tContribution\tPlan\nWe\thave\ta\t401(k)\tsavings\tplan\tin\tthe\tU.S.\tthat\tis\tintended\tto\tqualify\tas\ta\tdeferred\tsalary\tarrangement\tunder\tSection\t401(k)\tof\tthe\tInternal\tRevenue\nCode\tand\ta\tnumber\tof\tsavings\tplans\tinternationally.\tUnder\tthe\t401(k)\tsavings\tplan,\tparticipating\temployees\tmay\telect\tto\tcontribute\tup\tto\t\n90\n%\tof\ttheir\neligible\tcompensation,\tsubject\tto\tcertain\tlimitations.\tBeginning\tin\tJanuary\t2022,\twe\tbegan\tto\tmatch\t\n50\n%\tof\teach\temployee\u2019s\tcontributions\tup\tto\ta\nmaximum\tof\t\n6\n%\t(capped\tat\t$\n3,000\n)\tof\tthe\temployee\u2019s\teligible\tcompensation,\tvested\tupon\tone\tyear\tof\tservice.\n\tDuring\tthe\tyears\tended\tDecember\t31,\n2023\tand\t2022,\twe\trecognized\t$\n99\n\tmillion\tand\t$\n91\n\tmillion,\trespectively,\tof\texpenses\trelated\tto\temployer\tcontributions\tfor\tthe\t401(k)\tsavings\tplan.\n68"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d47aa2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 70, "chroma:document": "Recent\tAccounting\tPronouncements\nRecently\tissued\taccounting\tpronouncements\tnot\tyet\tadopted\nIn\tNovember\t2023,\tthe\tFinancial\tAccounting\tStandards\tBoard\t(\u201cFASB\u201d)\tissued\tASU\tNo.\t2023-07,\tImprovements\tto\tReportable\tSegment\tDisclosures\n(Topic\t280).\tThis\tASU\tupdates\treportable\tsegment\tdisclosure\trequirements\tby\trequiring\tdisclosures\tof\tsignificant\treportable\tsegment\texpenses\tthat\tare\nregularly\tprovided\tto\tthe\tChief\tOperating\tDecision\tMaker\t(\u201cCODM\u201d)\tand\tincluded\twithin\teach\treported\tmeasure\tof\ta\tsegment's\tprofit\tor\tloss.\tThis\tASU\talso\nrequires\tdisclosure\tof\tthe\ttitle\tand\tposition\tof\tthe\tindividual\tidentified\tas\tthe\tCODM\tand\tan\texplanation\tof\thow\tthe\tCODM\tuses\tthe\treported\tmeasures\tof\ta\nsegment\u2019s\tprofit\tor\tloss\tin\tassessing\tsegment\tperformance\tand\tdeciding\thow\tto\tallocate\tresources.\tThe\tASU\tis\teffective\tfor\tannual\tperiods\tbeginning\tafter\nDecember\t15,\t2023,\tand\tinterim\tperiods\twithin\tfiscal\tyears\tbeginning\tafter\tDecember\t15,\t2024.\tAdoption\tof\tthe\tASU\tshould\tbe\tapplied\tretrospectively\tto\nall\tprior\tperiods\tpresented\tin\tthe\tfinancial\tstatements.\tEarly\tadoption\tis\talso\tpermitted.\tThis\tASU\twill\tlikely\tresult\tin\tus\tincluding\tthe\tadditional\trequired\ndisclosures\twhen\tadopted.\n\t\nWe\tare\tcurrently\tevaluating\tthe\tprovisions\tof\tthis\tASU\tand\texpect\tto\tadopt\tthem\tfor\tthe\tyear\tending\tDecember\t31,\t2024.\nIn\tDecember\t2023,\tthe\tFASB\tissued\tASU\tNo.\t2023-08,\tAccounting\tfor\tand\tDisclosure\tof\tCrypto\tAssets\t(Subtopic\t350-60).\tThis\tASU\trequires\tcertain\ncrypto\tassets\tto\tbe\tmeasured\tat\tfair\tvalue\tseparately\tin\tthe\tbalance\tsheet\tand\tincome\tstatement\teach\treporting\tperiod.\tThis\tASU\talso\tenhances\tthe\tother"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d47afc-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 70, "chroma:document": "intangible\tasset\tdisclosure\trequirements\tby\trequiring\tthe\tname,\tcost\tbasis,\tfair\tvalue,\tand\tnumber\tof\tunits\tfor\teach\tsignificant\tcrypto\tholding.\tThe\tASU\tis\neffective\tfor\tannual\tperiods\tbeginning\tafter\tDecember\t15,\t2024,\tincluding\tinterim\tperiods\twithin\tthose\tfiscal\tyears.\tAdoption\tof\tthe\tASU\trequires\ta\ncumulative-effect\tadjustment\tto\tthe\topening\tbalance\tof\tretained\tearnings\tas\tof\tthe\tbeginning\tof\tthe\tannual\treporting\tperiod\tin\twhich\tan\tentity\tadopts\tthe\namendments.\tEarly\tadoption\tis\talso\tpermitted,\tincluding\tadoption\tin\tan\tinterim\tperiod.\tHowever,\tif\tthe\tASU\tis\tearly\tadopted\tin\tan\tinterim\tperiod,\tan\tentity\nmust\tadopt\tthe\tASU\tas\tof\tthe\tbeginning\tof\tthe\tfiscal\tyear\tthat\tincludes\tthe\tinterim\tperiod.\tThis\tASU\twill\tresult\tin\tgains\tand\tlosses\trecorded\tin\tthe\nconsolidated\tfinancial\tstatements\tof\toperations\tand\tadditional\tdisclosures\twhen\tadopted.\n\t\nWe\tare\tcurrently\tevaluating\tthe\tadoption\tof\tthis\tASU\tand\tit\twill\naffect\tthe\tcarrying\tvalue\tof\tour\tcrypto\tassets\theld\tand\tthe\tgains\tand\tlosses\trelating\tthereto,\tonce\tadopted.\nIn\tDecember\t2023,\tthe\tFASB\tissued\tASU\tNo.\t2023-09,\tImprovements\tto\tIncome\tTax\tDisclosures\t(Topic\t740).\tThe\tASU\trequires\tdisaggregated\ninformation\tabout\ta\treporting\tentity\u2019s\teffective\ttax\trate\treconciliation\tas\twell\tas\tadditional\tinformation\ton\tincome\ttaxes\tpaid.\tThe\tASU\tis\teffective\ton\ta\nprospective\tbasis\tfor\tannual\tperiods\tbeginning\tafter\tDecember\t15,\t2024.\tEarly\tadoption\tis\talso\tpermitted\tfor\tannual\tfinancial\tstatements\tthat\thave\tnot\nyet\tbeen\tissued\tor\tmade\tavailable\tfor\tissuance.\tThis\tASU\twill\tresult\tin\tthe\trequired\tadditional\tdisclosures\tbeing\tincluded\tin\tour\tconsolidated\tfinancial\nstatements,\tonce\tadopted."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d47b56-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 70, "chroma:document": "statements,\tonce\tadopted.\nRecently\tadopted\taccounting\tpronouncements\nIn\tOctober\t2021,\tthe\tFASB\tissued\tASU\tNo.\t2021-08,\tAccounting\tfor\tContract\tAssets\tand\tContract\tLiabilities\tfrom\tContracts\twith\tCustomers\t(Topic\n805).\tThis\tASU\trequires\tan\tacquirer\tin\ta\tbusiness\tcombination\tto\trecognize\tand\tmeasure\tcontract\tassets\tand\tcontract\tliabilities\t(deferred\trevenue)\tfrom\nacquired\tcontracts\tusing\tthe\trevenue\trecognition\tguidance\tin\tTopic\t606.\tAt\tthe\tacquisition\tdate,\tthe\tacquirer\tapplies\tthe\trevenue\tmodel\tas\tif\tit\thad\noriginated\tthe\tacquired\tcontracts.\tThe\tASU\tis\teffective\tfor\tannual\tperiods\tbeginning\tafter\tDecember\t15,\t2022,\tincluding\tinterim\tperiods\twithin\tthose\tfiscal\nyears.\tWe\tadopted\tthis\tASU\tprospectively\ton\tJanuary\t1,\t2023.\tThis\tASU\thas\tnot\tand\tis\tcurrently\tnot\texpected\tto\thave\ta\tmaterial\timpact\ton\tour\nconsolidated\tfinancial\tstatements.\nIn\tMarch\t2022,\tthe\tFASB\tissued\tASU\t2022-02,\tTroubled\tDebt\tRestructurings\tand\tVintage\tDisclosures.\tThis\tASU\teliminates\tthe\taccounting\tguidance\nfor\ttroubled\tdebt\trestructurings\tby\tcreditors\tthat\thave\tadopted\tASU\t2016-13,\tMeasurement\tof\tCredit\tLosses\ton\tFinancial\tInstruments,\twhich\twe\tadopted\non\tJanuary\t1,\t2020.\tThis\tASU\talso\tenhances\tthe\tdisclosure\trequirements\tfor\tcertain\tloan\trefinancing\tand\trestructurings\tby\tcreditors\twhen\ta\tborrower\tis\nexperiencing\tfinancial\tdifficulty.\tIn\taddition,\tthe\tASU\tamends\tthe\tguidance\ton\tvintage\tdisclosures\tto\trequire\tentities\tto\tdisclose\tcurrent\tperiod\tgross\twrite-"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d47bba-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 70, "chroma:document": "offs\tby\tyear\tof\torigination\tfor\tfinancing\treceivables\tand\tnet\tinvestments\tin\tleases\twithin\tthe\tscope\tof\tASC\t326-20.\tThe\tASU\tis\teffective\tfor\tannual\tperiods\nbeginning\tafter\tDecember\t15,\t2022,\tincluding\tinterim\tperiods\twithin\tthose\tfiscal\tyears.\tWe\tadopted\tthe\tASU\tprospectively\ton\tJanuary\t1,\t2023.\tThis\tASU\nhas\tnot\tand\tis\tcurrently\tnot\texpected\tto\thave\ta\tmaterial\timpact\ton\tour\tconsolidated\tfinancial\tstatements.\n69"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d47c14-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 71, "chroma:document": "ASU\t2020-06\nIn\tAugust\t2020,\tthe\tFASB\tissued\tASU\t2020-06,\tAccounting\tfor\tConvertible\tInstruments\tand\tContracts\tin\tan\tEntity\u2019s\tOwn\tEquity.\tThe\tASU\tsimplifies\nthe\taccounting\tfor\tconvertible\tinstruments\tby\tremoving\tcertain\tseparation\tmodels\tin\tASC\t470-20,\tDebt\u2014Debt\twith\tConversion\tand\tOther\tOptions,\tfor\nconvertible\tinstruments.\tThe\tASU\tupdates\tthe\tguidance\ton\tcertain\tembedded\tconversion\tfeatures\tthat\tare\tnot\trequired\tto\tbe\taccounted\tfor\tas\tderivatives\nunder\tTopic\t815,\tDerivatives\tand\tHedging,\tor\tthat\tdo\tnot\tresult\tin\tsubstantial\tpremiums\taccounted\tfor\tas\tpaid-in\tcapital,\tsuch\tthat\tthose\tfeatures\tare\tno\nlonger\trequired\tto\tbe\tseparated\tfrom\tthe\thost\tcontract.\tThe\tconvertible\tdebt\tinstruments\twill\tbe\taccounted\tfor\tas\ta\tsingle\tliability\tmeasured\tat\tamortized\ncost.\tThis\twill\talso\tresult\tin\tthe\tinterest\texpense\trecognized\tfor\tconvertible\tdebt\tinstruments\tto\tbe\ttypically\tcloser\tto\tthe\tcoupon\tinterest\trate\twhen\napplying\tthe\tguidance\tin\tTopic\t835,\tInterest.\tFurther,\tthe\tASU\tmade\tamendments\tto\tthe\tEPS\tguidance\tin\tTopic\t260\tfor\tconvertible\tdebt\tinstruments,\tthe\nmost\tsignificant\timpact\tof\twhich\tis\trequiring\tthe\tuse\tof\tthe\tif-converted\tmethod\tfor\tdiluted\tEPS\tcalculation,\tand\tno\tlonger\tallowing\tthe\tnet\tshare\nsettlement\tmethod.\tThe\tASU\talso\tmade\trevisions\tto\tTopic\t815-40,\twhich\tprovides\tguidance\ton\thow\tan\tentity\tmust\tdetermine\twhether\ta\tcontract\tqualifies\nfor\ta\tscope\texception\tfrom\tderivative\taccounting.\tThe\tamendments\tto\tTopic\t815-40\tchange\tthe\tscope\tof\tcontracts\tthat\tare\trecognized\tas\tassets\tor\nliabilities.\nOn\tJanuary\t1,\t2021,\twe\tadopted\tthe\tASU\tusing\tthe\tmodified\tretrospective\tmethod.\tWe\trecognized\ta\tfavorable\t$\n211\n\tmillion\tcumulative\teffect\tof"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d47c78-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 71, "chroma:document": "211\n\tmillion\tcumulative\teffect\tof\ninitially\tapplying\tthe\tASU\tas\tan\tadjustment\tto\tthe\tJanuary\t1,\t2021\topening\tbalance\tof\taccumulated\tdeficit.\tDue\tto\tthe\trecombination\tof\tthe\tequity\nconversion\tcomponent\tof\tour\tconvertible\tdebt\tremaining\toutstanding,\tadditional\tpaid\tin\tcapital\twas\treduced\tby\t$\n474\n\tmillion\tand\tconvertible\tsenior\tnotes\n(mezzanine\tequity)\twas\treduced\tby\t$\n51\n\tmillion.\tThe\tremoval\tof\tthe\tremaining\tdebt\tdiscounts\trecorded\tfor\tthis\tprevious\tseparation\thad\tthe\teffect\tof\nincreasing\tour\tnet\tdebt\tbalance\tby\t$\n269\n\tmillion\tand\twe\treduced\tproperty,\tplant\tand\tequipment\tby\t$\n45\n\tmillion\trelated\tto\tpreviously\tcapitalized\tinterest.\nThe\tprior\tperiod\tconsolidated\tfinancial\tstatements\thave\tnot\tbeen\tretrospectively\tadjusted\tand\tcontinue\tto\tbe\treported\tunder\tthe\taccounting\tstandards\tin\neffect\tfor\tthose\tperiods.\nNote\t3\t\u2013\t\nDigital\tAssets,\tNet\nDuring\tthe\tyears\tended\tDecember\t31,\t2023\tand\t2022,\twe\tpurchased\tand/or\treceived\timmaterial\tamounts\tof\tdigital\tassets.\tDuring\tthe\tyear\tended\nDecember\t31,\t2023,\twe\trecorded\tan\t\nimmaterial\n\tamount\tof\timpairment\tlosses\ton\tdigital\tassets.\tDuring\tthe\tyear\tended\tDecember\t31,\t2022,\twe\trecorded\n$\n204\n\tmillion\tof\timpairment\tlosses\ton\tdigital\tassets\tand\trealized\tgains\tof\t$\n64\n\tmillion\tin\tconnection\twith\tconverting\tour\tholdings\tof\tdigital\tassets\tinto\tfiat\ncurrency.\tThe\tgains\tare\tpresented\tnet\tof\timpairment\tlosses\tin\tRestructuring\tand\tother\tin\tthe\tconsolidated\tstatements\tof\toperations.\tAs\tof\tDecember\t31,\n2023\tand\t2022,\tthe\tcarrying\tvalue\tof\tour\tdigital\tassets\theld\treflects\tcumulative\timpairment\tof\t$\n204\n\tmillion."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d47cdc-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 71, "chroma:document": "204\n\tmillion.\nNote\t4\t\u2013\t\nGoodwill\tand\tIntangible\tAssets\nGoodwill\tincreased\t$\n59\n\tmillion\twithin\tthe\tautomotive\tsegment\tfrom\t$\n194\n\tmillion\tas\tof\tDecember\t31,\t2022\tto\t$\n253\n\tmillion\tas\tof\tDecember\t31,\t2023\nprimarily\tfrom\ta\tbusiness\tcombination,\tnet\tof\tthe\timpact\tof\ta\tdivestiture.\tThere\twere\t\nno\n\taccumulated\timpairment\tlosses\tas\tof\tDecember\t31,\t2023\tand\n2022.\nThe\tnet\tcarrying\tvalue\tof\tour\tintangible\tassets\tdecreased\tfrom\t$\n215\n\tmillion\tas\tof\tDecember\t31,\t2022\tto\t$\n178\n\tmillion\tas\tof\tDecember\t31,\t2023\nmainly\tfrom\tamortization.\nNote\t5\t\u2013\t\nFair\tValue\tof\tFinancial\tInstruments\nASC\t820,\t\nFair\tValue\tMeasurements\n\t(\u201cASC\t820\u201d)\tstates\tthat\tfair\tvalue\tis\tan\texit\tprice,\trepresenting\tthe\tamount\tthat\twould\tbe\treceived\tto\tsell\tan\nasset\tor\tpaid\tto\ttransfer\ta\tliability\tin\tan\torderly\ttransaction\tbetween\tmarket\tparticipants.\tAs\tsuch,\tfair\tvalue\tis\ta\tmarket-based\tmeasurement\tthat\tshould\nbe\tdetermined\tbased\ton\tassumptions\tthat\tmarket\tparticipants\twould\tuse\tin\tpricing\tan\tasset\tor\ta\tliability.\tThe\tthree-tiered\tfair\tvalue\thierarchy,\twhich\nprioritizes\twhich\tinputs\tshould\tbe\tused\tin\tmeasuring\tfair\tvalue,\tis\tcomprised\tof:\t(Level\tI)\tobservable\tinputs\tsuch\tas\tquoted\tprices\tin\tactive\tmarkets;\t(Level\nII)\tinputs\tother\tthan\tquoted\tprices\tin\tactive\tmarkets\tthat\tare\tobservable\teither\tdirectly\tor\tindirectly\tand\t(Level\tIII)\tunobservable\tinputs\tfor\twhich\tthere\tis\nlittle\tor\tno\tmarket\tdata.\tThe\tfair\tvalue\thierarchy\trequires\tthe\tuse\tof\tobservable\tmarket\tdata\twhen\tavailable\tin\tdetermining\tfair\tvalue.\t\nOur\tassets\tand\nliabilities\tthat\twere\tmeasured\tat\tfair\tvalue\ton\ta\trecurring\tbasis\twere\tas\tfollows\t(in\tmillions):"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d47d9a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 72, "chroma:document": "December\t31,\t2023\nDecember\t31,\t2022\n\t\nFair\tValue\nLevel\tI\nLevel\tII\nLevel\tIII\nFair\tValue\nLevel\tI\nLevel\tII\nLevel\tIII\nMoney\tmarket\tfunds\n$\n109\n\t\n$\n109\n\t\n$\n\u2014\n\t\n$\n\u2014\n\t\n$\n2,188\n\t\n$\n2,188\n\t\n$\n\u2014\n\t\n$\n\u2014\n\t\nU.S.\tgovernment\tsecurities\n5,136\n\t\n\u2014\n\t\n5,136\n\t\n\u2014\n\t\n894\n\t\n\u2014\n\t\n894\n\t\n\u2014\n\t\nCorporate\tdebt\tsecurities\n480\n\t\n\u2014\n\t\n480\n\t\n\u2014\n\t\n885\n\t\n\u2014\n\t\n885\n\t\n\u2014\n\t\nCertificates\tof\tdeposit\tand\ttime\ndeposits\n6,996\n\t\n\u2014\n\t\n6,996\n\t\n\u2014\n\t\n4,253\n\t\n\u2014\n\t\n4,253\n\t\n\u2014\n\t\nCommercial\tpaper\n470\n\t\n\u2014\n\t\n470\n\t\n\u2014\n\t\n\u2014\n\t\n\u2014\n\t\n\u2014\n\t\n\u2014\n\t\nTotal\n$\n13,191\n\t\n$\n109\n\t\n$\n13,082\n\t\n$\n\u2014\n\t\n$\n8,220\n\t\n$\n2,188\n\t\n$\n6,032\n\t\n$\n\u2014\n\t\nAll\tof\tour\tmoney\tmarket\tfunds\twere\tclassified\twithin\tLevel\tI\tof\tthe\tfair\tvalue\thierarchy\tbecause\tthey\twere\tvalued\tusing\tquoted\tprices\tin\tactive\nmarkets.\tOur\tU.S.\tgovernment\tsecurities,\tcertificates\tof\tdeposit,\tcommercial\tpaper,\ttime\tdeposits\tand\tcorporate\tdebt\tsecurities\tare\tclassified\twithin\tLevel\nII\tof\tthe\tfair\tvalue\thierarchy\tand\tthe\tmarket\tapproach\twas\tused\tto\tdetermine\tfair\tvalue\tof\tthese\tinvestments.\nOur\tcash,\tcash\tequivalents\tand\tinvestments\tclassified\tby\tsecurity\ttype\tas\tof\tDecember\t31,\t2023\tand\t2022\tconsisted\tof\tthe\tfollowing\t(in\tmillions):"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d47e30-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-20231231-gen.pdf", "page": 72, "chroma:document": "December\t31,\t2023\n\t\nAdjusted\tCost\nGross\nUnrealized\nGains\nGross\nUnrealized\nLosses\nFair\tValue\nCash\tand\tCash\nEquivalents\nShort-Term\nInvestments\nCash\n$\n15,903\n\t\n$\n\u2014\n\t\n$\n\u2014\n\t\n$\n15,903\n\t\n$\n15,903\n\t\n$\n\u2014\n\t\nMoney\tmarket\tfunds\n109\n\t\n\u2014\n\t\n\u2014\n\t\n109\n\t\n109\n\t\n\u2014\n\t\nU.S.\tgovernment\tsecurities\n5,136\n\t\n1\n\t\n(\n1\n)\n5,136\n\t\n277\n\t\n4,859\n\t\nCorporate\tdebt\tsecurities\n485\n\t\n1\n\t\n(\n6\n)\n480\n\t\n\u2014\n\t\n480\n\t\nCertificates\tof\tdeposit\tand\ttime\tdeposits\n6,995\n\t\n1\n\t\n\u2014\n\t\n6,996\n\t\n\u2014\n\t\n6,996\n\t\nCommercial\tpaper\n470\n\t\n\u2014\n\t\n\u2014\n\t\n470\n\t\n109\n\t\n361\n\t\nTotal\tcash,\tcash\tequivalents\tand\tshort-term\ninvestments\n$\n29,098\n\t\n$\n3\n\t\n$\n(\n7\n)\n$\n29,094\n\t\n$\n16,398\n\t\n$\n12,696\n\t\n\t\nDecember\t31,\t2022\n\t\nAdjusted\tCost\nGross\nUnrealized\nGains\nGross\nUnrealized\nLosses\nFair\tValue\nCash\tand\tCash\nEquivalents\nShort-Term\nInvestments\nCash\n$\n13,965\n\t\n$\n\u2014\n\t\n$\n\u2014\n\t\n$\n13,965\n\t\n$\n13,965\n\t\n$\n\u2014\n\t\nMoney\tmarket\tfunds\n2,188\n\t\n\u2014\n\t\n\u2014\n\t\n2,188\n\t\n2,188\n\t\n\u2014\n\t\nU.S.\tgovernment\tsecurities\n897\n\t\n\u2014\n\t\n(\n3\n)\n894\n\t\n\u2014\n\t\n894\n\t\nCorporate\tdebt\tsecurities\n907"}


