# embeddings_queue

created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78012-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 42, "chroma:document": "overhead\tcosts\tand\tamortization\tof\tcertain\tacquired\tintangible\tassets.\tCost\tof\tenergy\tgeneration\tand\tstorage\trevenue\talso\tincludes\tcharges\tto\twrite\tdown\tthe\ncarrying\tvalue\tof\tour\tinventory\twhen\tit\texceeds\tits\testimated\tnet\trealizable\tvalue\tand\tto\tprovide\tfor\tobsolete\tand\ton-hand\tinventory\tin\texcess\tof\tforecasted\ndemand.\tIn\tagreements\tfor\tsolar\tenergy\tsystem\tand\tPPAs\twhere\twe\tare\tthe\tlessor,\tthe\tcost\tof\trevenue\tis\tprimarily\tcomprised\tof\tdepreciation\tof\tthe\tcost\tof\nleased\tsolar\tenergy\tsystems,\tmaintenance\tcosts\tassociated\twith\tthose\tsystems\tand\tamortization\tof\tany\tinitial\tdirect\tcosts.\n2020\tcompared\tto\t2019\nCost\tof\tenergy\tgeneration\tand\tstorage\trevenue\tincreased\tby\t$635\tmillion,\tor\t47%,\tin\tthe\tyear\tended\tDecember\t31,\t2020\tas\tcompared\tto\tthe\tyear\tended\nDecember\t31,\t2019\n,\tprimarily\tdue\tto\tincreases\tin\tdeployments\tof\tMegapack,\thigher\tcosts\tfrom\ttemporary\tmanufacturing\tunderutilization\tof\tour\tSolar\tRoof\nramp,\tincreases\tin\tdeployments\tof\tPowerwall\tand\tidle\tcapacity\tcharges\tof\t$20\tmillion\tas\ta\tresult\tof\ttemporary\tsuspension\tof\tproduction\tat\tGigafactory\tNew\nYork\tduring\tthe\tfirst\thalf\tof\t2020.\tThese\tincreases\twere\tpartially\toffset\tby\ta\tdecrease\tin\tdeployments\tof\tPowerpack.\nGross\tmargin\tfor\tenergy\tgeneration\tand\tstorage\tdecreased\tfrom\t12%\tto\t1%\tin\tthe\tyear\tended\tDecember\t31,\t2020\tas\tcompared\tto\tthe\tyear\tended\nDecember\t31,\t2019\n\tprimarily\tdue\tto\ta\thigher\tproportion\tof\tSolar\tRoof\tin\tour\toverall\tenergy\tbusiness\twhich\toperated\tat\tlower\tgross\tmargins\tas\ta\tresult\tof"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78076-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 42, "chroma:document": "temporary\tmanufacturing\tunderutilization\tduring\tproduct\tramp.\tAdditionally,\tthere\twere\tlower\tgross\tmargins\tin\tour\tsolar\tcash\tand\tloan\tbusiness\tfrom\treduced\naverage\tselling\tprices\tas\ta\tresult\tof\tour\tlow\tcost\tsolar\tstrategy,\tpartially\toffset\tby\tlower\tmaterials\tand\tmanufacturing\tcosts.\nResearch\tand\tDevelopment\tExpense\n\t\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n\t\n2020\tvs.\t2019\tChange\n\t\n\t\n2019\tvs.\t2018\tChange\n\t\n(Dollars\tin\tmillions)\n\t\n2020\n\t\n\t\n2019\n\t\n\t\n2018\n\t\n\t\n$\n\t\n\t\n%\n\t\n\t\n$\n\t\n\t\n%\n\t\nResearch\tand\tdevelopment\n\t\n$\n1,491\n\t\n\t\n$\n1,343\n\t\n\t\n$\n1,460\n\t\n\t\n$\n148\n\t\n\t\n\t\n11\n%\n\t\n$\n(117\n)\n\t\n\t\n-8\n%\nAs\ta\tpercentage\tof\trevenues\n\t\n\t\n5\n%\n\t\n\t\n5\n%\n\t\n\t\n7\n%\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nResearch\tand\tdevelopment\t(\u201cR&D\u201d)\texpenses\tconsist\tprimarily\tof\tpersonnel\tcosts\tfor\tour\tteams\tin\tengineering\tand\tresearch,\tmanufacturing\tengineering\nand\tmanufacturing\ttest\torganizations,\tprototyping\texpense,\tcontract\tand\tprofessional\tservices\tand\tamortized\tequipment\texpense.\n43"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d780da-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 43, "chroma:document": "R&D\n\t\nexpenses\t\nincreased\n\t\n$148\n\t\nmillion\n,\tor\t\n11%\n,\tin\tthe\t\nyear\tended\t\nDecember\t31,\t2020\n\t\nas\t\ncompared\tto\tthe\t\nyear\tended\t\nDecember\t31,\t2019\n.\tThe\tincrease\nwas\tprimarily\tdue\tto\ta\t$62\tmillion\tincrease\tin\texpensed\tmaterials\n\tas\twe\tcontinue\tto\texpand\tour\tproduct\troadmap\n,\t$61\tmillion\tincrease\tin\tstock-based\ncompensation\texpense\tprimarily\trelated\tto\tthe\tissuance\tof\tequity\tawards\tin\t\nfiscal\tyear\t2020\n\tat\thigher\tgrant\tdate\tfair\tvalues\tdue\tto\tour\tincreased\tshare\tprice,\n$20\tmillion\tincrease\tin\tfacilities,\tfreight\tand\tdepreciation\texpenses\tand\ta\t$20\tmillion\tincrease\tin\temployee\tand\tlabor\trelated\texpenses.\nR&D\texpenses\tas\ta\tpercentage\tof\trevenue\tdecreased\tfrom\t5.5%\tto\t4.7%\tin\tthe\tyear\tended\tDecember\t31,\t2020\tas\tcompared\tto\tthe\tyear\tended\nDecember\t31,\t2019.\tThe\tdecrease\tis\tprimarily\tan\tincrease\tin\ttotal\trevenues\tfrom\texpanding\tsales,\tpartially\toffset\tby\tan\tincrease\tin\tour\tR&D\texpenses\tas\ndetailed\tabove.\nSelling,\tGeneral\tand\tAdministrative\tExpense\n\t\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n\t\n2020\tvs.\t2019\tChange\n\t\n\t\n2019\tvs.\t2018\tChange\n\t\n(Dollars\tin\tmillions)\n\t\n2020\n\t\n\t\n2019\n\t\n\t\n2018\n\t\n\t\n$\n\t\n\t\n%\n\t\n\t\n$\n\t\n\t\n%\n\t\nSelling,\tgeneral\tand\tadministrative\n\t\n$\n3,145\n\t\n\t\n$\n2,646\n\t\n\t\n$\n2,835\n\t\n\t\n$\n499\n\t\n\t\n\t\n19\n%\n\t\n$\n(189\n)\n\t\n\t\n-7\n%"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d781fc-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 43, "chroma:document": "$\n(189\n)\n\t\n\t\n-7\n%\nAs\ta\tpercentage\tof\trevenues\n\t\n\t\n10\n%\n\t\n\t\n11\n%\n\t\n\t\n13\n%\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\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$499\tmillion,\tor\t19%,\tin\tthe\tyear\tended\tDecember\t31,\t2020\tas\tcompared\tto\tthe\tyear\tended\tDecember\t31,\t2019.\t\nThe\tincrease\nis\tprimarily\tdue\tto\tan\tincrease\tof\t$625\tmillion\tin\tstock-based\tcompensation\texpense,\tof\twhich\t$542\tmillion\twas\tattributable\tto\tthe\t2018\tCEO\tPerformance\nAward.\tWe\trecorded\tstock-based\tcompensation\texpense\tof\t$838\tmillion\tin\tthe\tyear\tended\tDecember\t31,\t2020\tfor\tthe\t2018\tCEO\tPerformance\tAward\tcompared\nto\t$296\tmillion\tin\tthe\tprior\tyear.\tOf\tthe\texpense\trecorded\tin\tfiscal\tyear\t2020,\t$232\tmillion\twas\tdue\tto\tcumulative\tcatch-up\texpense\tfor\tthe\tservice\tprovided\nfrom\tthe\tgrant\tdate\twhen\tthree\toperational\tmilestones\tunder\tsuch\taward\twere\tconsidered\tprobable\tof\tbeing\tmet\tand\tthe\tremaining\tunamortized\texpense\tof\n$357\tmillion\tfor\tthe\tfirst\tfour\ttranches\twere\trecognized\tupon\tvesting\tas\tthe\tfirst\tfour\tmarket\tcapitalization\tmilestones\twere\tachieved\t(see\tNote\t14,\t\nEquity\nIncentive\tPlans"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d782a6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 43, "chroma:document": "Equity\nIncentive\tPlans\n,\tto\tthe\tconsolidated\tfinancial\tstatements\tincluded\telsewhere\tin\tthis\tAnnual\tReport\ton\tForm\t10-K).\tThe\tremaining\tstock-based\tcompensation\nexpense\tincrease\tof\t$83\tmillion\tattributable\tto\tother\tdirectors\tand\temployees\tis\tprimarily\trelated\tto\tthe\tissuance\tof\tequity\tawards\tin\tfiscal\tyear\t2020\tat\thigher\ngrant\tdate\tfair\tvalues\tdue\tto\tour\tincreased\tshare\tprice.\tThe\tincrease\tin\tstock-based\tcompensation\twas\tpartially\toffset\tby\ta\tdecrease\tof\t$90\tmillion\tin\tcustomer\npromotional\tcosts,\tfacilities-related\texpenses\tand\tsales\tand\tmarketing\tactivities.\tAdditionally,\tthere\twas\ta\treduction\tto\toperating\texpenses\tfor\tcosts\tpreviously\nincurred\tin\tthe\tamount\tof\t$43\tmillion\tfor\tthe\tsettlement\tin\tpart\tof\tthe\tsecurities\tlitigation\trelating\tto\tthe\tSolarCity\tacquisition\t(see\tNote\t16,\t\nCommitments\tand\nContingencies\u2014Legal\tProceedings\u2014Securities\tLitigation\tRelating\tto\tthe\tSolarCity\tAcquisition\n,\tto\tthe\tconsolidated\tfinancial\tstatements\tincluded\telsewhere\tin\nthis\tAnnual\tReport\ton\tForm\t10-K).\nSG&A\texpenses\tas\ta\tpercentage\tof\trevenue\tdecreased\tfrom\t11%\tto\t10%\tin\tyear\tended\tDecember\t31,\t2020\tas\tcompared\tto\tthe\tyear\tended\tDecember\t31,\n2019.\tThe\tdecrease\tis\tprimarily\tfrom\tan\tincrease\tin\ttotal\trevenues\tfrom\texpanding\tsales,\tpartially\toffset\tby\tan\tincrease\tin\tour\tSG&A\texpenses\tas\tdetailed\nabove.\nRestructuring\tand\tother\n\t\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n\t\n2020\tvs.\t2019\tChange\n\t\n\t\n2019\tvs.\t2018\tChange\n\t\n(Dollars\tin\tmillions)\n\t\n2020\n\t\n\t\n2019\n\t\n\t\n2018\n\t\n\t\n$\n\t\n\t\n%\n\t\n\t\n$\n\t\n\t\n%"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78332-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 43, "chroma:document": "%\n\t\n\t\n$\n\t\n\t\n%\n\t\nRestructuring\tand\tother\n\t\n$\n\u2014\n\t\n\t\n$\n149\n\t\n\t\n$\n135\n\t\n\t\n$\n(149\n)\n\t\n-100%\n\t\n\t\n$\n14\n\t\n\t\n10%\n\t\nAs\ta\tpercentage\tof\trevenues\n\t\n\t\n0\n%\n\t\n\t\n1\n%\n\t\n\t\n1\n%\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nDuring\tthe\tyear\tended\tDecember\t31,\t2019,\twe\tcarried\tout\tcertain\trestructuring\tactions\tin\torder\tto\treduce\tcosts\tand\timprove\tefficiency.\t\t\t\t\tThere\twere\nno\trestructuring\tactions\tin\tthe\tyear\tended\tDecember\t31,\t2020.\nInterest\tExpense\n\t\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n\t\n2020\tvs.\t2019\tChange\n\t\n\t\n2019\tvs.\t2018\tChange\n\t\n(Dollars\tin\tmillions)\n\t\n2020\n\t\n\t\n2019\n\t\n\t\n2018\n\t\n\t\n$\n\t\n\t\n%\n\t\n\t\n$\n\t\n\t\n%\n\t\nInterest\texpense\n\t\n$\n(748\n)\n\t\n$\n(685\n)\n\t\n$\n(663\n)\n\t\n$\n(63\n)\n\t\n\t\n9\n%\n\t\n$\n(22\n)\n\t\n\t\n3\n%\nAs\ta\tpercentage\tof\trevenues\n\t\n\t\n2\n%\n\t\n\t\n3\n%\n\t\n\t\n3\n%\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n44"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78396-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 44, "chroma:document": "Interest\texpense\t\nincreased\n\tby\t\n$63\n\t\nmillion\n,\tor\t\n9%\n,\tin\tthe\t\nyear\tended\t\nDecember\t31,\t2020\n\tas\tcompared\tto\tthe\t\nyear\tended\t\nDecember\t31,\t2019\n,\tprimarily\ndue\tto\t\n$105\tmillion\tof\tlosses\ton\textinguishment\tof\tdebt\tin\t\nfiscal\tyear\t2020\n\t\nfrom\tearly\tconversions\ton\t\nour\tconvertible\tsenior\tnotes\n,\tpartially\toffset\tby\ta\tdecrease\nin\tinterest\texpense\tdue\tto\ta\tdecrease\tin\tour\tweighted\taverage\tinterest\trate\tas\tcompared\tto\tthe\tprior\tyear\tand\tan\tincrease\tof\t$17\tmillion\tin\tthe\tamount\tof\ninterest\twe\tcapitalized\tfrom\tthe\tconsolidated\tstatements\tof\toperations\tto\tproperty,\tplant\tand\tequipment\ton\tthe\tconsolidated\tbalance\tsheets.\tIncreased\ncapitalization\tresults\tin\tlower\tinterest\texpense.\tThe\tamount\tof\tinterest\twe\tcapitalize\tis\tdriven\tby\tour\tconstruction\tin\tprogress\tbalance,\twhich\tincreased\tyear-\nover-year\tdue\tto\tour\tconstruction\tand\texpansion\tof\tmultiple\tfactories.\nOther\tIncome\t(Expense),\tNet\n\t\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n\t\n2020\tvs.\t2019\tChange\n\t\n2019\tvs.\t2018\tChange\n\t\n(Dollars\tin\tmillions)\n\t\n2020\n\t\n\t\n2019\n\t\n\t\n2018\n\t\n\t\n$\n\t\n\t\n%\n\t\n$\n\t\n\t\n%\n\t\nOther\t(expense)\tincome,\tnet\n\t\n$\n(122\n)\n\t\n$\n45\n\t\n\t\n$\n22\n\t\n\t\n$\n(167\n)\n\t\nNot\nmeaningful\n\t\n$\n23\n\t\n\t\n105%\n\t\nAs\ta\tpercentage\tof\trevenues\n\t\n\t\n0\n%\n\t\n\t\n0\n%\n\t\n\t\n0\n%"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d783f0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 44, "chroma:document": "Other\t(expense)\tincome,\tnet,\tconsists\tprimarily\tof\tforeign\texchange\tgains\tand\tlosses\trelated\tto\tour\tforeign\tcurrency-denominated\tmonetary\tassets\tand\nliabilities\tand\tchanges\tin\tthe\tfair\tvalues\tof\tour\tfixed-for-floating\tinterest\trate\tswaps.\tWe\texpect\tour\tforeign\texchange\tgains\tand\tlosses\twill\tvary\tdepending\tupon\nmovements\tin\tthe\tunderlying\texchange\trates.\nOther\t(expense)\tincome,\tnet,\tchanged\tunfavorably\tby\t$167\tmillion\t\tin\tthe\tyear\tended\tDecember\t31,\t2020\tas\tcompared\tto\tthe\tyear\tended\tDecember\t31,\n2019.\t\nThe\tunfavorable\tchange\twas\tprimarily\tdue\tto\tfluctuations\tin\tforeign\tcurrency\texchange\trates\tsuch\tas\tthe\tU.S.\tdollar\tdepreciating\tgreater\tthan\t5%\nagainst\tthe\teuro\tand\tthe\tChinese\tyuan\tin\t2020\tcompared\tto\tan\tappreciation\tof\t2%\tand\t1%\tagainst\tthe\tsame\tcurrencies\tin\tthe\tprior\tyear,\trespectively.\nProvision\tfor\tIncome\tTaxes\n\t\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n\t\n2020\tvs.\t2019\tChange\n\t\n\t\n2019\tvs.\t2018\tChange\n\t\n(Dollars\tin\tmillions)\n\t\n2020\n\t\n\t\n2019\n\t\n\t\n2018\n\t\n\t\n$\n\t\n\t\n%\n\t\n\t\n$\n\t\n\t\n%\n\t\nProvision\tfor\tincome\ttaxes\n\t\n$\n292\n\t\n\t\n$\n110\n\t\n\t\n$\n58\n\t\n\t\n$\n182\n\t\n\t\n\t\n165\n%\n\t\n$\n52\n\t\n\t\n\t\n90\n%\nEffective\ttax\trate\n\t\n\t\n25\n%\n\t\n\t\n-17\n%\n\t\n\t\n-6\n%"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7844a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 44, "chroma:document": "Our\tprovision\tfor\tincome\ttaxes\tincreased\tby\t$182\tmillion,\tor\t165%,\tin\tthe\tyear\tended\tDecember\t31,\t2020\tas\tcompared\tto\tthe\tyear\tended\tDecember\t31,\n2019.\t\nThe\tincrease\twas\tprimarily\tdue\tto\tthe\tsubstantial\tincreases\tin\ttaxable\tprofits\tin\tour\tforeign\tjurisdictions\tyear-over-year.\nOur\teffective\ttax\trate\tincreased\tfrom\t-17%\tto\t25%\tin\tthe\tyear\tended\tDecember\t31,\t2020\tas\tcompared\tto\tthe\tprior\tyear,\tprimarily\tdue\tto\tsubstantial\tpre-\ntax\tincome\tin\tthe\tyear\tended\tDecember\t31,\t2020\tas\tcompared\tto\ta\tpre-tax\tloss\tfor\tthe\tyear\tended\tDecember\t31,\t2019.\nNet\tIncome\t(Loss)\tAttributable\tto\tNoncontrolling\tInterests\tand\tRedeemable\tNoncontrolling\tInterests\n\t\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n\t\n2020\tvs.\t2019\tChange\n\t\n\t\n2019\tvs.\t2018\tChange\n(Dollars\tin\tmillions)\n\t\n2020\n\t\n\t\n2019\n\t\n\t\n2018\n\t\n\t\n$\n\t\n\t\n%\n\t\n\t\n$\n\t\n\t\n%\nNet\tincome\t(loss)\tattributable\tto\tnoncontrolling\tinterests\tand\n\t\t\tredeemable\tnoncontrolling\tinterests\tin\tsubsidiaries\n\t\n$\n141\n\t\n\t\n$\n87\n\t\n\t\n$\n(87\n)\n\t\n$\n54\n\t\n\t\n62%\n\t\n\t\n$\n174\n\t\n\t\nNot\nmeaningful\n\t\nOur\tnet\tincome\t(loss)\tattributable\tto\tnoncontrolling\tinterests\tand\tredeemable\tnoncontrolling\tinterests\twas\trelated\tto\tfinancing\tfund\tarrangements."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d784a4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 44, "chroma:document": "Net\tincome\t(loss)\tattributable\tto\tnoncontrolling\tinterests\tand\tredeemable\tnoncontrolling\tinterests\tincreased\tby\t$54\tmillion,\tor\t62%,\tin\tthe\tyear\tended\nDecember\t31,\t2020\tas\tcompared\tto\tthe\tyear\tended\tDecember\t31,\t2019.\t\nThe\tincrease\twas\tprimarily\tdue\tto\tlower\tactivities\tfrom\tnew\tfinancing\tfund\narrangements.\nLiquidity\tand\tCapital\tResources\nAs\tof\tDecember\t31,\t2020,\twe\thad\t$19.38\tbillion\tof\tcash\tand\tcash\tequivalents.\tBalances\theld\tin\tforeign\tcurrencies\thad\ta\tU.S.\tdollar\tequivalent\tof\n$6.76\tbillion\tand\tconsisted\tprimarily\tof\teuros,\tChinese\tyuan\tand\tCanadian\tdollars.\n\t\nOur\tsources\tof\tcash\tare\n45"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d784fe-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 45, "chroma:document": "predominantly\tfrom\tour\tdeliveries\tof\tvehicles,\tsales\tand\tinstallations\tof\tour\tenergy\tstorage\tproducts\tand\tsolar\tenergy\tsystems,\tproceeds\tfrom\tdebt\tfacilities,\nproceeds\tfrom\tfinancing\tfunds\tand\tproceeds\tfrom\tequity\tofferings.\nOur\tsources\tof\tliquidity\tand\tcash\tflows\tenable\tus\tto\tfund\tongoing\toperations,\tresearch\tand\tdevelopment\tprojects\tfor\tnew\tproducts\tand\ttechnologies\nincluding\tour\tannounced\tproprietary\tbattery\tcells,\tongoing\tproduction\tand\tadditional\tmanufacturing\tramps\tat\texisting\tmanufacturing\tfacilities\tsuch\tas\tthe\nFremont\tFactory,\tGigafactory\tNevada,\tGigafactory\tShanghai\tand\tGigafactory\tNew\tYork,\tthe\tconstruction\tof\tGigafactory\tBerlin\tand\tGigafactory\tTexas,\tand\tthe\ncontinued\texpansion\tof\tour\tretail\tand\tservice\tlocations,\tbody\tshops,\tMobile\tService\tfleet,\tSupercharger\tnetwork\tand\tenergy\tproduct\tinstallation\tcapabilities.\nAs\tdiscussed\tin\tand\tsubject\tto\tthe\tconsiderations\treferenced\tin\tPart\tII,\tItem\t7,\t\nManagement's\tDiscussion\tand\tAnalysis\tof\tFinancial\tCondition\tand\tResults\nof\tOperations\u2014Management\tOpportunities,\tChallenges\tand\tRisks\tand\t2021\tOutlook\u2014Cash\tFlow\tand\tCapital\tExpenditure\tTrends\n\tin\tthis\tAnnual\tReport\ton\nForm\t10-K,\t\nwe\tcurrently\texpect\tour\tcapital\texpenditures\tto\tbe\t$4.50\tto\t$6.00\tbillion\tin\t2021\tand\tin\teach\tof\tthe\tnext\ttwo\tfiscal\tyears.\nWe\texpect\tthat\tthe\tcash\twe\tgenerate\tfrom\tour\tcore\toperations\twill\tgenerally\tbe\tsufficient\tto\tcover\tour\tfuture\tcapital\texpenditures\tand\tto\tpay\tdown\tour\nnear-term\tdebt\tobligations,\talthough\twe\tmay\tchoose\tto\tseek\talternative\tfinancing\tsources.\tFor\texample,\tour\tlocal\tsubsidiary\thas\tentered\tinto\tcredit\tfacilities\tto\nsupport\tconstruction\tand\tproduction\tat\tGigafactory\tShanghai.\tSee\t\nNote\t12,"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78562-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 45, "chroma:document": "Note\t12,\t\nDebt\n,\n\tto\tthe\tconsolidated\tfinancial\tstatements\tincluded\telsewhere\tin\tthis\tAnnual\nReport\ton\tForm\t10-K.\tAs\talways,\twe\tcontinually\tevaluate\tour\tcapital\texpenditure\tneeds\tand\tmay\tdecide\tit\tis\tbest\tto\traise\tadditional\tcapital\tto\tfund\tthe\trapid\ngrowth\tof\tour\tbusiness\n.\nIn\tJanuary\t2021,\twe\tupdated\tour\tinvestment\tpolicy\tto\tprovide\tus\twith\tmore\tflexibility\tto\tfurther\tdiversify\tand\tmaximize\treturns\ton\tour\tcash\tthat\tis\tnot\nrequired\tto\tmaintain\tadequate\toperating\tliquidity.\tAs\tpart\tof\tthe\tpolicy,\twe\tmay\tinvest\ta\tportion\tof\tsuch\tcash\tin\tcertain\tspecified\talternative\treserve\tassets.\nThereafter,\twe\tinvested\tan\taggregate\t$1.50\tbillion\tin\tbitcoin\tunder\tthis\tpolicy.\tMoreover,\twe\texpect\tto\tbegin\taccepting\tbitcoin\tas\ta\tform\tof\tpayment\tfor\tour\nproducts\tin\tthe\tnear\tfuture,\tsubject\tto\tapplicable\tlaws\tand\tinitially\ton\ta\tlimited\tbasis,\twhich\twe\tmay\tor\tmay\tnot\tliquidate\tupon\treceipt.\tWe\tbelieve\tour\tbitcoin\nholdings\tare\thighly\tliquid.\t\nHowever,\tdigital\tassets\tmay\tbe\tsubject\tto\tvolatile\tmarket\tprices,\twhich\tmay\tbe\tunfavorable\tat\tthe\ttime\twhen\twe\twant\tor\tneed\tto\nliquidate\tthem.\nWe\thave\tan\tagreement\tto\tspend\tor\tincur\t$5.0\tbillion\tin\tcombined\tcapital,\toperational\texpenses,\tcosts\tof\tgoods\tsold\tand\tother\tcosts\tin\tthe\tState\tof\tNew\nYork\tduring\tthe\t10-year\tperiod\tbeginning\tApril\t30,\t2018,\twhich\twe\texpect\tto\tmeet\tthrough\tour\toperations.\tAs\twe\ttemporarily\tsuspended\tmost\tof\tour\nmanufacturing\toperations\tat\tGigafactory\tNew\tYork\tpursuant\tto\ta\tNew\tYork\tState\texecutive\torder\tissued\tin\tMarch\t2020\tas\ta\tresult\tof\tthe\tCOVID-19\tpandemic,"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d785bc-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 45, "chroma:document": "we\twere\tgranted\ta\tone-year\tdeferral\tof\tour\tobligation\tto\tbe\tcompliant\tas\tof\tApril\t30,\t2020\twith\tour\tapplicable\ttargets\tunder\tsuch\tagreement.\nWe\texpect\tthat\tour\tcurrent\tsources\tof\tliquidity\ttogether\twith\tour\tprojection\tof\tcash\tflows\tfrom\toperating\tactivities\twill\tprovide\tus\twith\tadequate\tliquidity\nover\tat\tleast\tthe\tnext\t12\tmonths,\teven\tconsidering\tthe\texpected\tlevels\tof\tcapital\texpenditures\tin\tthe\tcurrent\tand\tnext\ttwo\tfiscal\tyears.\tA\tlarge\tportion\tof\tour\nfuture\texpenditures\tis\tto\tfund\tour\tgrowth,\tand\twe\tcan\tadjust\tour\tcapital\tand\toperating\texpenditures\tby\toperating\tsegment,\tincluding\tfuture\texpansion\tof\tour\nproduct\tofferings,\tretail\tand\tservice\tlocations,\tbody\tshops,\tMobile\tService\tfleet,\tand\tSupercharger\tnetwork.\tFor\texample,\tif\tour\tnear-term\tmanufacturing\noperations\tdecrease\tin\tscale\tor\tramp\tmore\tslowly\tthan\texpected,\tincluding\tdue\tto\tglobal\teconomic\tconditions\tand\tlevels\tof\tconsumer\toutlook\tand\tspend\nimpacting\tdemand\tin\tthe\tworldwide\ttransportation,\tautomotive\tand\tenergy\tproduct\tindustries,\twe\tmay\tchoose\tto\tcorrespondingly\tslow\tthe\tpace\tof\tour\tcapital\nexpenditures.\tWe\tmay\tneed\tor\twant\tto\traise\tadditional\tfunds\tin\tthe\tfuture,\tand\tthese\tfunds\tmay\tnot\tbe\tavailable\tto\tus\twhen\twe\tneed\tor\twant\tthem,\tor\tat\tall.\tIf\nwe\tcannot\traise\tadditional\tfunds\twhen\twe\tneed\tor\twant\tthem,\tour\toperations\tand\tprospects\tcould\tbe\tnegatively\taffected.\nIn\taddition,\twe\thad\t$2.63\tbillion\tof\tunused\tcommitted\tamounts\tunder\tour\tcredit\tfacilities\tand\tfinancing\tfunds\tas\tof\tDecember\t31,\t2020,\t\nsome\tof\twhich\nare\tsubject\tto\tsatisfying\tspecified\tconditions\tprior\tto\tdraw-down\t(such\tas\tpledging\tto\tour\tlenders\tsufficient\tamounts\tof\tqualified\treceivables,\tinventories,\tleased"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78616-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 45, "chroma:document": "vehicles\tand\tour\tinterests\tin\tthose\tleases,\tsolar\tenergy\tsystems\tand\tthe\tassociated\tcustomer\tcontracts,\tour\tinterests\tin\tfinancing\tfunds\tor\tvarious\tother\tassets;\nand\tcontributing\tor\tselling\tqualified\tsolar\tenergy\tsystems\tand\tthe\tassociated\tcustomer\tcontracts\tor\tqualified\tleased\tvehicles\tand\tour\tinterests\tin\tthose\tleases\ninto\tthe\tfinancing\tfunds).\tFor\tdetails\tregarding\tour\tindebtedness\tand\tfinancing\tfunds\n,\trefer\tto\tNote\t12,\t\nDebt\n,\tand\tNote\t17,\t\nVariable\tInterest\tEntity\nArrangements\n\tto\tthe\tconsolidated\tfinancial\tstatements\tincluded\telsewhere\tin\tthis\tAnnual\tReport\ton\tForm\t10-K.\nSummary\tof\tCash\tFlows\n\t\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n(Dollars\tin\tmillions)\n\t\n2020\n\t\n\t\n2019\n\t\n\t\n2018\n\t\nNet\tcash\tprovided\tby\toperating\tactivities\n\t\n$\n5,943\n\t\n\t\n$\n2,405\n\t\n\t\n$\n2,098\n\t\nNet\tcash\tused\tin\tinvesting\tactivities\n\t\n$\n(3,132\n)\n\t\n$\n(1,436\n)\n\t\n$\n(2,337\n)\nNet\tcash\tprovided\tby\tfinancing\tactivities\n\t\n$\n9,973\n\t\n\t\n$\n1,529\n\t\n\t\n$\n574\n\t\n46"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78670-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 46, "chroma:document": "Cash\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,\tespecially\tinventory,\twhich\tincludes\tvehicles\tin\ttransit.\tOur\toperating\ncash\tinflows\tinclude\tcash\tfrom\tvehicle\tsales,\tcustomer\tlease\tpayments,\tcustomer\tdeposits,\tcash\tfrom\tsales\tof\tregulatory\tcredits\tand\tenergy\tgeneration\tand\nstorage\tproducts.\tThese\tcash\tinflows\tare\toffset\tby\tour\tpayments\tto\tsuppliers\tfor\tproduction\tmaterials\tand\tparts\tused\tin\tour\tmanufacturing\tprocess,\toperating\nexpenses,\toperating\tlease\tpayments\tand\tinterest\tpayments\ton\tour\tfinancings.\nNet\tcash\tprovided\tby\toperating\tactivities\tincreased\tby\t$3.54\tbillion\tto\t$5.94\tbillion\tduring\tthe\tyear\tended\tDecember\t31,\t2020\tfrom\t$2.40\tbillion\tduring\nthe\tyear\tended\tDecember\t31,\t2019.\tThis\tincrease\twas\tprimarily\tdue\tto\tthe\tincrease\tin\tnet\tincome\texcluding\tnon-cash\texpenses\tand\tgains\tof\t$2.82\tbillion,\t\nthe\ndecrease\tin\tnet\toperating\tassets\tand\tliabilities\tof\t$533\tmillion\tand\t$188\tmillion\tof\tthe\trepayment\tof\tour\t0.25%\tConvertible\tSenior\tNotes\tdue\tin\t2019\tduring\tthe\nthree\tmonths\tended\tMarch\t31,\t2019\t(which\trepresents\tthe\tportion\tof\tthe\trepayment\tthat\twas\tclassified\tas\tan\toperating\tactivity,\tas\tthis\trepresented\tan\tinterest\npayment\ton\tthe\tdeeply-discounted\tconvertible\tsenior\tnotes).\tThe\tdecrease\tin\tour\tnet\toperating\tassets\tand\tliabilities\twas\tmainly\tdriven\tby\ta\tlarger\tincrease\tin"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d786ca-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 46, "chroma:document": "accounts\tpayable\tand\taccrued\tliabilities\tin\tthe\tyear\tended\tDecember\t31,\t2020\tas\tcompared\tto\tthe\tprior\tyear\tfrom\tramp\tup\tin\tproduction\tat\tthe\tFremont\nFactory\tand\tGigafactory\tShanghai.\tThe\tdecrease\tin\tour\tnet\toperating\tassets\tand\tliabilities\twas\tpartially\toffset\tby\ta\tsmaller\tincrease\tin\tdeferred\trevenue\nprimarily\tdue\tto\tdelivery\tof\tregulatory\tcredits\tin\t2020\tunder\ta\tprevious\tarrangement\twhere\twe\thad\treceived\tpayment\tin\tadvance\tas\tof\tDecember\t31,\t2019,\ta\nlarger\tincrease\tin\toperating\tlease\tvehicles\tas\tModel\t3\tdirect\tleasing\twas\tintroduced\tin\tthe\tsecond\tquarter\tof\t2019\tand\tModel\tY\tdirect\tleasing\twas\tintroduced\tin\nthe\tthird\tquarter\tof\t2020,\tand\ta\tlarger\tincrease\tin\taccounts\treceivables\tof\tgovernment\trebates\talready\tpassed\tthrough\tto\tcustomers.\nCash\tFlows\tfrom\tInvesting\tActivities\nCash\tflows\tfrom\tinvesting\tactivities\tand\ttheir\tvariability\tacross\teach\tperiod\trelated\tprimarily\tto\tcapital\texpenditures,\twhich\twere\t$3.16\tbillion\t\nfor\tthe\nyear\tended\tDecember\t31,\n\t2020,\t\nmainly\tfor\tModel\tY\tproduction\texpansion\tat\tthe\tFremont\tFactory,\texpansion\tof\tGigafactory\tShanghai\tand\tconstruction\tof\nGigafactory\tBerlin\tand\tGigafactory\tTexas\n,\tand\t$1.33\tbillion\tfor\tthe\tyear\tended\tDecember\t31,\t2019,\t\nmainly\tfor\tGigafactory\tShanghai\tconstruction,\tModel\t3\nproduction\tramp\tand\tModel\tY\tpreparations\n.\t\nThe\tincrease\tin\tcapital\texpenditures\twas\tpartially\toffset\tby\tdecreases\tof\t$32\tmillion\tin\tbusiness\tcombinations,\tnet\nof\tcash\tacquired,\tand\t$30\tmillion\tof\tdesign,\tacquisition\tand\tinstallation\tof\tsolar\tenergy\tsystems\twhen\tcompared\tto\tthe\tprior\tyear.\tAdditionally,\twe\treceived"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78724-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 46, "chroma:document": "$123\tmillion\tand\t$46\tmillion,\trespectively,\tof\tgovernment\tgrants\tin\tconnection\twith\tus\tmaking\tcertain\tmanufacturing\tequipment\tinvestments\tat\tGigafactory\nShanghai\tfor\tthe\tyears\tended\tDecember\t31,\t2020\tand\t2019,\trespectively.\nCash\tFlows\tfrom\tFinancing\tActivities\nCash\tflows\tfrom\tfinancing\tactivities\tduring\tthe\tyear\tended\tDecember\t31,\t2020\tconsisted\tprimarily\tof\t\n$12.27\tbillion\tfrom\tissuance\tof\tcommon\tstock\tin\npublic\tofferings\tin\t2020,\tnet\tof\tissuance\tcosts,\tand\t$417\tmillion\tof\tproceeds\tfrom\texercise\tof\tstock\toptions\tand\tother\tstock\tissuances.\tThese\tcash\tinflows\twere\npartially\toffset\tby\t$1.99\tbillion\tof\tcash\trepayments\tupon\tearly\tconversions\tof\tour\tconvertible\tsenior\tnotes,\t$338\tmillion\tprincipal\trepayments\tof\tour\tfinance\nleases,\tcollateralized\tlease\trepayments\tof\t$240\tmillion\tand\t$219\tmillion\tnet\tpayments\tto\tfinancing\tfund\tinvestors.\n\tSee\tNote\t12,\t\nDebt\n,\tand\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\tregarding\nour\tdebt\tobligations\tand\tcollateralized\tborrowings,\trespectively.\nCash\tflows\tfrom\tfinancing\tactivities\tduring\tthe\tyear\tended\tDecember\t31,\t2019\tconsisted\tprimarily\tof\t\n$1.82\tbillion\tfrom\tthe\tissuance\tof\tthe\t2.00%\nConvertible\tSenior\tNotes\tdue\tin\t2024\t(\u201c2024\tNotes\u201d),\tnet\tof\ttransaction\tcosts,\tand\t$848\tmillion\tfrom\tthe\tissuance\tof\tcommon\tstock,\tnet\tof\tunderwriting"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78788-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 46, "chroma:document": "discounts,\tin\tregistered\tpublic\tofferings,\t$736\tmillion\tof\tnet\tborrowings\tunder\tloan\tagreements\tentered\tinto\tby\tcertain\tChinese\tsubsidiaries,\t$394\tmillion\tof\tnet\nborrowings\tfor\tautomotive\tasset-backed\tnotes\tand\t$174\tmillion\tfrom\tthe\tissuance\tof\twarrants\tin\tconnection\twith\tthe\toffering\tof\tthe\t2024\tNotes.\tThese\tcash\ninflows\twere\tpartially\toffset\tby\ta\t$732\tmillion\tportion\tof\tthe\trepayment\tof\tour\t0.25%\tConvertible\tSenior\tNotes\tdue\tin\t2019\tthat\twas\tclassified\tas\tfinancing\nactivity,\ta\t$566\tmillion\trepayment\tof\tour\t1.625%\tConvertible\tSenior\tNotes\tdue\tin\t2019,\ta\tpurchase\tof\tconvertible\tnote\thedges\tof\t$476\tmillion\tin\tconnection\nwith\tthe\toffering\tof\tthe\t2024\tNotes\tand\tcollateralized\tlease\trepayments\tof\t$389\tmillion.\n47"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d787e2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 47, "chroma:document": "Contractual\tObligations\nWe\tare\tparty\tto\tcontractual\tobligations\tinvolving\tcommitments\tto\tmake\tpayments\tto\tthird\tparties,\tincluding\tcertain\tdebt\tfinancing\tarrangements\tand\nleases,\tprimarily\tfor\tstores,\tservice\tcenters,\tcertain\tmanufacturing\tfacilities\tand\tcertain\tcorporate\toffices.\tThese\talso\tinclude,\tas\tpart\tof\tour\tnormal\tbusiness\npractices,\tcontracts\twith\tsuppliers\tfor\tpurchases\tof\tcertain\traw\tmaterials,\tcomponents\tand\tservices\tto\tfacilitate\tadequate\tsupply\tof\tthese\tmaterials\tand\tservices\nand\tcapacity\treservation\tcontracts.\tThe\tfollowing\ttable\tsets\tforth,\tas\tof\tDecember\t31,\t2020,\tcertain\tsignificant\tobligations\tthat\twill\taffect\tour\tfuture\tliquidity\t(in\nmillions):\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nTotal\n\t\n\t\n2021\n\t\n\t\n2022\n\t\n\t\n2023\n\t\n\t\n2024\n\t\n\t\n2025\n\t\n\t\nThereafter\n\t\nOperating\tlease\tobligations,\n\t\t\tincluding\timputed\tinterest\n\t\n$\n1,846\n\t\n\t\n$\n366\n\t\n\t\n$\n327\n\t\n\t\n$\n279\n\t\n\t\n$\n245\n\t\n\t\n$\n204\n\t\n\t\n$\n425\n\t\nFinance\tlease\tobligations,\n\t\t\tincluding\timputed\tinterest\n\t\n\t\n1,635\n\t\n\t\n\t\n462\n\t\n\t\n\t\n446\n\t\n\t\n\t\n412\n\t\n\t\n\t\n299\n\t\n\t\n\t\n9\n\t\n\t\n\t\n7\n\t\nPurchase\tobligations\t(1)\n\t\n\t\n18,318\n\t\n\t\n\t\n10,483\n\t\n\t\n\t\n2,743\n\t\n\t\n\t\n2,280\n\t\n\t\n\t\n1,877\n\t\n\t\n\t\n865\n\t\n\t\n\t\n70"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7883c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 47, "chroma:document": "865\n\t\n\t\n\t\n70\n\t\nDebt,\tincluding\tscheduled\n\t\t\tinterest\t(2)\n\t\n\t\n11,695\n\t\n\t\n\t\n2,100\n\t\n\t\n\t\n2,172\n\t\n\t\n\t\n2,602\n\t\n\t\n\t\n2,021\n\t\n\t\n\t\n2,109\n\t\n\t\n\t\n691\n\t\nTotal\n\t\n$\n33,494\n\t\n\t\n$\n13,411\n\t\n\t\n$\n5,688\n\t\n\t\n$\n5,573\n\t\n\t\n$\n4,442\n\t\n\t\n$\n3,187\n\t\n\t\n$\n1,193\n\t\n(1)\nThese\tamounts\trepresent\t(i)\tpurchase\torders\tof\t$5.95\tbillion\tissued\tunder\tbinding\tand\tenforceable\tagreements\twith\tall\tvendors\tas\tof\tDecember\t31,\n2020\tand\t(ii)\t$12.37\tbillion\tin\tother\testimable\tpurchase\tobligations\tpursuant\tto\tsuch\tagreements,\tprimarily\trelating\tto\tthe\tpurchase\tof\tlithium-ion\tcells\nproduced\tby\tPanasonic\tat\tGigafactory\tNevada,\tincluding\tany\tadditional\tamounts\twe\tmay\thave\tto\tpay\tvendors\tif\twe\tdo\tnot\tmeet\tcertain\tminimum\npurchase\tobligations.\tIn\tcases\twhere\tno\tpurchase\torders\twere\toutstanding\tunder\tbinding\tand\tenforceable\tagreements\tas\tof\tDecember\t31,\t2020,\twe\nhave\tincluded\testimated\tamounts\tbased\ton\tour\tbest\testimates\tand\tassumptions\tor\tdiscussions\twith\tthe\trelevant\tvendors\tas\tof\tsuch\tdate\tor,\twhere\napplicable,\ton\tamounts\tor\tassumptions\tincluded\tin\tsuch\tagreements\tfor\tpurposes\tof\tdiscussion\tor\treference.\tIn\tcertain\tcases,\tsuch\testimated\tamounts\nwere\tsubject\tto\tcontingent\tevents.\tFurthermore,\tthese\tamounts\tdo\tnot\tinclude\tfuture\tpayments\tfor\tpurchase\tobligations\tthat\twere\trecorded\tin\taccounts"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78896-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 47, "chroma:document": "payable\tor\taccrued\tliabilities\tas\tof\tDecember\t31,\t2020.\n(2)\nThis\tincludes\tnon-recourse\tdebt\trepayments,\tincluding\tscheduled\tinterest,\tof\t$5.16\tbillion.\tNon-recourse\tdebt\trefers\tto\tdebt\tthat\tis\trecourse\tto\tonly\nassets\tof\tour\tsubsidiaries.\tShort-term\tscheduled\tinterest\tpayments\tand\tamortization\tof\tconvertible\tsenior\tnote\tconversion\tfeatures,\tdebt\tdiscounts\tand\ndeferred\tfinancing\tcosts\tfor\tthe\tyear\tended\tDecember\t31,\t2020\tis\t$342\tmillion.\tLong-term\tscheduled\tinterest\tpayments\tand\tamortization\tof\tconvertible\nsenior\tnote\tconversion\tfeatures,\tdebt\tdiscounts\tand\tdeferred\tfinancing\tcosts\tfor\tthe\tyears\tthereafter\tis\t$1.13\tbillion.\nThe\ttable\tabove\texcludes\tunrecognized\ttax\tbenefits\tof\t$353\tmillion\tbecause\tif\trecognized,\tthey\twould\tbe\tan\tadjustment\tto\tour\tdeferred\ttax\tassets.\nWe\toffer\tresale\tvalue\tguarantees\tor\tsimilar\tbuyback\tterms\tto\tcertain\tcustomers\twho\tpurchase\tand\tfinance\ttheir\tvehicles\tthrough\tone\tof\tour\tspecified\ncommercial\tbanking\tpartners\tand\tcertain\tleasing\tpartners\t(refer\tto\t\nAutomotive\tSales\twith\tResale\tValue\tGuarantee\tor\ta\tBuyback\tOption\n\tin\tNote\t2,\t\nSignificant\nAccounting\tPolicies\n,\tto\tthe\tconsolidated\tfinancial\tstatements\tincluded\telsewhere\tin\tthis\tAnnual\tReport\ton\tForm\t10-K).\tThe\tmaximum\tamount\twe\tcould\tbe\nrequired\tto\tpay\tunder\tthese\tprograms,\tshould\tcustomers\texercise\ttheir\tresale\tvalue\tguarantees\tor\tbuyback\toptions,\twould\tbe\t$1.84\tbillion\tover\tthe\tnext\tfive\nyears,\tof\twhich\t$394\tmillion\tis\twithin\ta\t12-month\tperiod\tfrom\tDecember\t31,\t2020.\tWe\thave\tnot\tincluded\tthis\tin\tthe\ttable\tabove\tas\tit\tis\tunknown\thow\tmany"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d788f0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 47, "chroma:document": "customers\twill\texercise\ttheir\toptions.\tAdditionally,\twe\tplan\tto\tresell\tany\tvehicles\twhich\tare\treturned\tto\tus\tand\ttherefore,\tthe\tactual\texposure\tto\tus\tis\tdeemed\tto\nbe\tlimited.\nOff-Balance\tSheet\tArrangements\nDuring\tthe\tperiods\tpresented,\twe\tdid\tnot\thave\trelationships\twith\tunconsolidated\tentities\tor\tfinancial\tpartnerships,\tsuch\tas\tentities\toften\treferred\tto\tas\nstructured\tfinance\tor\tspecial\tpurpose\tentities,\twhich\twere\testablished\tfor\tthe\tpurpose\tof\tfacilitating\toff-balance\tsheet\tarrangements\tor\tother\tcontractually\nnarrow\tor\tlimited\tpurposes.\nRecent\tAccounting\tPronouncements\nSee\tNote\t2,\t\nSummary\tof\tSignificant\tAccounting\tPolicies\n,\tto\tthe\tconsolidated\tfinancial\tstatements\tincluded\telsewhere\tin\tthis\tAnnual\tReport\ton\tForm\t10-\nK.\n\t\n\t\n\t\n48"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78954-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 48, "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,\toperating\texpenses\nand\tlocalized\tsubsidiary\tdebt\tdenominated\tin\tcurrencies\tother\tthan\tthe\tU.S.\tdollar\t(primarily\tthe\tChinese\tyuan,\teuro,\tCanadian\tdollar\tand\tBritish\tpound\tin\nrelation\tto\tour\tcurrent\tyear\toperations).\tIn\tgeneral,\twe\tare\ta\tnet\treceiver\tof\tcurrencies\tother\tthan\tthe\tU.S.\tdollar\tfor\tour\tforeign\tsubsidiaries.\tAccordingly,\nchanges\tin\texchange\trates\taffect\tour\trevenue\tand\tother\toperating\tresults\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\t(loss)\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\tcash\nand\tcash\tequivalents\tbalances).\tFor\tthe\tyear\tended\tDecember\t31,\t2020,\twe\trecognized\ta\tnet\tforeign\tcurrency\tloss\tof\t$114\tmillion\tin\tother\t(expense)\tincome,\nnet,\twith\tour\tlargest\tre-measurement\texposures\tfrom\tthe\tU.S.\tdollar,\teuro\tand\tCanadian\tdollar\tas\tour\tsubsidiaries\u2019\tmonetary\tassets\tand\tliabilities\tare\ndenominated\tin\tvarious\tlocal\tcurrencies.\t\nFor\tthe\tyear\tended\tDecember\t31,\t2019,\twe\trecognized\ta\tnet\tforeign\tcurrency\tgain\tof\t$48\tmillion\tin\tother\t(expense)\nincome\n,\tnet,\twith\tour\tlargest\tre-measurement\texposures\tfrom\tthe"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d789ae-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 48, "chroma:document": "U.S.\tdollar,\tBritish\tpound\tand\tCanadian\tdollar\n.\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\tour\tnet\nincome\t(loss)\tbefore\tincome\ttaxes.\tThese\tchanges\twould\thave\tresulted\tin\ta\tbenefit\tof\t$8\tmillion\tat\tDecember\t31,\t2020\tand\tan\tadverse\timpact\tof\t$362\tmillion\tat\nDecember\t31,\t2019\tassuming\tno\tforeign\tcurrency\thedging.\nInterest\tRate\tRisk\nWe\tare\texposed\tto\tinterest\trate\trisk\ton\tour\tborrowings\tthat\tbear\tinterest\tat\tfloating\trates.\tPursuant\tto\tour\trisk\tmanagement\tpolicies,\tin\tcertain\tcases,\nwe\tutilize\tderivative\tinstruments\tto\tmanage\tsome\tof\tthis\trisk.\tWe\tdo\tnot\tenter\tinto\tderivative\tinstruments\tfor\ttrading\tor\tspeculative\tpurposes.\tA\thypothetical\n10%\tchange\tin\tinterest\trates\ton\tour\tfloating\trate\tdebt\twould\thave\tincreased\tor\tdecreased\tour\tinterest\texpense\tfor\tthe\tyears\tended\tDecember\t31,\t2020\tand\n2019\tby\t$4\tmillion\tand\t$8\tmillion,\trespectively.\n\t\n\t\n\t\n49"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78a08-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 49, "chroma:document": "ITEM\t\n8.\tFINANCIAL\tSTATEME\nN\nTS\tAND\tSUPPLEMENTARY\tDATA\n\t\nIndex\tto\tConsolidated\tFinancial\tStatements\n\t\n\t\n\t\t\nPage\nReport\tof\tIndependent\tRegistered\tPublic\tAccounting\tFirm\n\t\t\n51\nConsolidated\tBalance\tSheets\n\t\t\n54\nConsolidated\tStatements\tof\tOperations\n\t\t\n55\nConsolidated\tStatements\tof\tComprehensive\tIncome\t(Loss)\n\t\t\n56\nConsolidated\tStatements\tof\tRedeemable\tNoncontrolling\tInterests\tand\tEquity\n\t\t\n57\nConsolidated\tStatements\tof\tCash\tFlows\n\t\t\n58\nNotes\tto\tConsolidated\tFinancial\tStatements\n\t\t\n59\n\t\n50"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78a62-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 50, "chroma:document": "Report\tof\tIndependent\tRegistered\tPublic\tAccounting\tFirm\n\t\nTo\tthe\n\t\nBoard\tof\tDirectors\tand\tStockholders\tof\tTesla,\tInc.\n\t\nOpinions\ton\tthe\tFinancial\tStatements\tand\tInternal\tControl\tover\tFinancial\tReporting\n\t\nWe\thave\taudited\tthe\taccompanying\t\nconsolidated\tbalance\tsheets\tof\tTesla,\tInc.\tand\tits\tsubsidiaries\n\t\n(the\t\u201cCompany\u201d)\tas\tof\tDecember\t31,\t2020\tand\t2019,\n\t\nand\tthe\nrelated\tconsolidated\t\nstatements\tof\toperations,\tof\tcomprehensive\tincome\t(loss),\tof\tredeemable\tnoncontrolling\tinterests\tand\tequity\tand\tof\tcash\tflows\tfor\teach\tof\nthe\tthree\tyears\tin\tthe\tperiod\tended\tDecember\t31,\t2020,\tincluding\tthe\trelated\tnotes\t(collectively\treferred\tto\tas\tthe\t\u201cconsolidated\tfinancial\tstatements\u201d).\n\t\nWe\talso\nhave\taudited\tthe\tCompany's\tinternal\tcontrol\tover\tfinancial\treporting\tas\tof\tDecember\t31,\t2020,\tbased\ton\tcriteria\testablished\tin\t\nInternal\tControl\t-\tIntegrated\nFramework\n\t\n(2013)\n\t\nissued\tby\tthe\tCommittee\tof\tSponsoring\tOrganizations\tof\tthe\tTreadway\tCommission\t(COSO).\t\t\n\t\nIn\tour\topinion,\tthe\tconsolidated\n\t\nfinancial\tstatements\treferred\tto\tabove\tpresent\tfairly,\tin\tall\tmaterial\trespects,\tthe\tfinancial\tposition\tof\tthe\tCompany\tas\tof\nDecember\t31,\t2020\tand\t2019,\tand\tthe\tresults\tof\tits\toperations\tand\tits\tcash\tflows\tfor\teach\tof\tthe\tthree\tyears\tin\tthe\tperiod\tended\tDecember\t31,\t2020\tin\nconformity\twith\taccounting\tprinciples\tgenerally\taccepted\tin\tthe\tUnited\tStates\tof\tAmerica.\t\nAlso\tin\tour\topinion,\tthe\tCompany\tmaintained,\tin\tall\tmaterial\trespects,\neffective\tinternal\tcontrol\tover\tfinancial\treporting\tas\tof\tDecember\t31,\t2020,\tbased\ton\tcriteria\testablished\tin\t\nInternal\tControl\t-\tIntegrated\tFramework"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78abc-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 50, "chroma:document": "Internal\tControl\t-\tIntegrated\tFramework\n\t\n(2013)\nissued\tby\tthe\tCOSO.\nChanges\tin\tAccounting\tPrinciples\nAs\tdiscussed\tin\tNote\t2\tto\tthe\tconsolidated\tfinancial\tstatements,\tthe\tCompany\tchanged\tthe\tmanner\tin\twhich\tit\taccounts\tfor\tleases\tin\t2019\tand\tthe\tmanner\tin\nwhich\tit\taccounts\tfor\trevenue\tfrom\tcontracts\twith\tcustomers\tin\t2018.\n\t\nBasis\tfor\tOpinions\n\t\nThe\tCompany's\tmanagement\tis\tresponsible\tfor\tthese\t\nconsolidated\tfinancial\tstatements,\tfor\tmaintaining\teffective\tinternal\tcontrol\tover\tfinancial\treporting,\tand\nfor\tits\tassessment\tof\tthe\teffectiveness\tof\tinternal\tcontrol\tover\tfinancial\treporting,\tincluded\tin\tManagement's\tReport\ton\tInternal\tControl\tover\tFinancial\nReporting\tappearing\tunder\tItem\t9A.\tOur\tresponsibility\tis\tto\texpress\topinions\ton\tthe\tCompany\u2019s\tconsolidated\tfinancial\t\nstatements\tand\ton\tthe\tCompany's\ninternal\tcontrol\tover\tfinancial\treporting\tbased\ton\tour\n\taudits.\tWe\tare\ta\tpublic\taccounting\tfirm\tregistered\twith\tthe\tPublic\tCompany\tAccounting\tOversight\tBoard\n(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\tthe\tapplicable\nrules\tand\tregulations\tof\tthe\tSecurities\tand\tExchange\tCommission\tand\tthe\tPCAOB.\n\t\nWe\tconducted\tour\n\taudits\ti\nn\taccordance\twith\tthe\tstandards\tof\tthe\tPCAOB.\t\nThose\tstandards\trequire\tthat\twe\tplan\tand\tperform\tthe\taudits\tto\tobtain\treasonable\nassurance\tabout\twhether\tthe\tconsolidated\tfinancial\t\nstatements\tare\tfree\tof\tmaterial\tmisstatement,\twhether\tdue\tto\terror\tor\tfraud,\tand\twhether\teffective\tinternal\ncontrol\tover\tfinancial\treporting\twas\tmaintained\tin\tall\tmaterial\trespects.\t\t\n\t\nOur\taudits\tof\tthe"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78b20-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 50, "chroma:document": "Our\taudits\tof\tthe\t\nconsolidated\tfinancial\tstatements\tincluded\tperforming\tprocedures\tto\tassess\tthe\trisks\tof\tmaterial\tmisstatement\tof\tthe\tconsolidated\tfinancial\nstatements,\twhether\tdue\tto\terror\tor\tfraud,\tand\tperforming\tprocedures\tthat\trespond\tto\tthose\trisks.\tSuch\tprocedures\tincluded\texamining,\ton\ta\ttest\tbasis,\nevidence\tregarding\tthe\tamounts\tand\tdisclosures\tin\tthe\tconsolidated\tfinancial\tstatements.\tOur\taudits\talso\tincluded\tevaluating\tthe\taccounting\tprinciples\tused\nand\tsignificant\testimates\tmade\tby\tmanagement,\tas\twell\tas\tevaluating\tthe\toverall\tpresentation\tof\tthe\tconsolidated\tfinancial\t\nstatements.\tOur\taudit\tof\tinternal\ncontrol\tover\tfinancial\treporting\tincluded\tobtaining\tan\tunderstanding\tof\tinternal\tcontrol\tover\tfinancial\treporting,\tassessing\tthe\trisk\tthat\ta\tmaterial\tweakness\nexists,\tand\ttesting\tand\tevaluating\tthe\tdesign\tand\toperating\teffectiveness\tof\tinternal\tcontrol\tbased\ton\tthe\tassessed\trisk.\tOur\taudits\talso\tincluded\tperforming\nsuch\tother\tprocedures\tas\twe\tconsidered\tnecessary\tin\tthe\tcircumstances.\tWe\tbelieve\tthat\tour\taudits\tprovide\ta\treasonable\tbasis\tfor\tour\topinions.\n\t\nDefinition\tand\tLimitations\tof\tInternal\tControl\tover\tFinancial\tReporting\n\t\nA\tcompany\u2019s\tinternal\tcontrol\tover\tfinancial\treporting\tis\ta\tprocess\tdesigned\tto\tprovide\treasonable\tassurance\tregarding\tthe\treliability\tof\tfinancial\treporting\tand\nthe\tpreparation\tof\tfinancial\tstatements\tfor\texternal\tpurposes\tin\taccordance\twith\tgenerally\taccepted\taccounting\tprinciples.\tA\tcompany\u2019s\tinternal\tcontrol\tover\nfinancial\treporting\tincludes\tthose\tpolicies\tand\tprocedures\tthat\t(i)\tpertain\tto\tthe\tmaintenance\tof\trecords\tthat,\tin\treasonable\tdetail,\taccurately\tand\tfairly\treflect\nthe\ttransactions\tand\tdispositions\tof\tthe\tassets\tof\tthe\tcompany;\t(ii)\tprovide\treasonable\tassurance\tthat\ttransactions\tare\trecorded\tas\tnecessary\tto\tpermit"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78b7a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 50, "chroma:document": "preparation\tof\tfinancial\tstatements\tin\taccordance\twith\tgenerally\taccepted\taccounting\tprinciples,\tand\tthat\treceipts\tand\texpenditures\tof\tthe\tcompany\tare\tbeing\nmade\tonly\tin\taccordance\twith\tauthorizations\tof\tmanagement\tand\tdirectors\tof\tthe\tcompany;\tand\t(iii)\tprovide\treasonable\tassurance\tregarding\tprevention\tor\ntimely\tdetection\tof\tunauthorized\tacquisition,\tuse,\tor\tdisposition\tof\tthe\tcompany\u2019s\tassets\tthat\tcould\thave\ta\tmaterial\teffect\ton\tthe\tfinancial\tstatements.\n51"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78bd4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 51, "chroma:document": "Because\tof\tits\tinherent\tlimitations,\tinternal\tcontrol\tover\tfinancial\treporting\tmay\tnot\tprevent\tor\tdetect\tmisstatements.\tAlso,\tprojections\tof\tany\tevaluation\tof\neffectiveness\tto\tfuture\tperiods\tare\tsubject\tto\tthe\trisk\tthat\tcontrols\tmay\tbecome\tinadequate\tbecause\tof\tchanges\tin\tconditions,\tor\tthat\tthe\tdegree\tof\tcompliance\nwith\tthe\tpolicies\tor\tprocedures\tmay\tdeteriorate.\n\t\nCritical\tAudit\tMatters\n\t\nThe\tcritical\taudit\tmatters\tcommunicated\tbelow\n\t\nare\tmatters\n\t\narising\tfrom\tthe\tcurrent\tperiod\taudit\tof\tthe\t\nconsolidated\tfinancial\tstatements\tthat\twere\ncommunicated\tor\trequired\tto\tbe\tcommunicated\tto\tthe\taudit\tcommittee\tand\tthat\t(i)\trelate\tto\taccounts\tor\tdisclosures\tthat\tare\tmaterial\tto\tthe\tconsolidated\nfinancial\tstatements\tand\t(ii)\tinvolved\tour\tespecially\tchallenging,\tsubjective,\tor\tcomplex\tjudgments.\tThe\tcommunication\tof\tcritical\taudit\tmatters\tdoes\tnot\talter\tin\nany\tway\tour\topinion\ton\tthe\tconsolidated\t\nfinancial\tstatements,\ttaken\tas\ta\twhole,\tand\twe\tare\tnot,\tby\tcommunicating\tthe\tcritical\taudit\tmatters\tbelow,\tproviding\nseparate\topinions\ton\tthe\tcritical\taudit\tmatters\tor\ton\tthe\taccounts\tor\tdisclosures\tto\twhich\tthey\trelate.\n\t\nAutomotive\tSales\tTo\tCustomers\tWith\ta\tResale\tValue\tGuarantee\tor\tBuyback\tOption\n\t\nAs\tdescribed\tin\tNote\t2\tto\tthe\tconsolidated\tfinancial\tstatements,\tthe\tsales\treturn\treserve\trelated\tto\tresale\tvalue\tguarantees\tor\tbuyback\toptions\twas\t$703\tmillion\nas\tof\tDecember\t31,\t2020,\tof\twhich\t$202\tmillion\twas\tshort-term.\tThe\tCompany\toffers\tsome\tcustomers\tresale\tvalue\tguarantees\tor\tbuyback\toptions.\tUnder\tthese\nprograms,\tthe\tCompany\treceives\tfull\tpayment\tfor\tthe\tvehicle\tsales\tprice\tat\tthe\ttime\tof\tdelivery\tand\tthe\tcustomer\thas\tthe\toption\tof\tselling\ttheir\tvehicle\tback\tto"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78c2e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 51, "chroma:document": "the\tCompany\tduring\tthe\tguarantee\tperiod\tfor\ta\tpre-determined\tresale\tvalue.\tIn\tcircumstances\twhere\tmanagement\tdoes\tnot\tbelieve\tthe\tcustomer\thas\ta\nsignificant\teconomic\tincentive\tto\texercise\tthe\tresale\tvalue\tguarantee\tor\tbuyback\toption\tprovided\tto\tthem\tat\tcontract\tinception,\tthe\tCompany\trecognizes\nrevenue\twhen\tcontrol\ttransfers\tupon\tdelivery\tto\ta\tcustomer\tas\ta\tsale\twith\ta\tright\tof\treturn.\tIn\tcircumstances\twhere\tmanagement\tbelieves\tthe\tcustomer\thas\ta\nsignificant\teconomic\tincentive\tto\texercise\tthe\tresale\tvalue\tguarantee\tor\tbuyback\toption\tat\tcontract\tinception,\tthe\tCompany\trecognizes\tthe\ttransaction\tas\tan\noperating\tlease.\tManagement\u2019s\tdetermination\tof\twhether\tthere\tis\ta\tsignificant\teconomic\tincentive\tincludes\tcomparing\ta\tvehicle\u2019s\testimated\tmarket\tvalue\tat\tthe\ntime\tthe\toption\tis\texercisable\twith\tthe\tguaranteed\tresale\tvalue.\tSales\treturn\treserves\tare\testimated\tbased\ton\thistorical\texperience\tplus\tconsideration\tfor\nexpected\tfuture\tmarket\tvalues.\tOn\ta\tquarterly\tbasis,\tmanagement\tassesses\tthe\testimated\tfuture\tmarket\tvalues\tof\tvehicles\tunder\tthese\tprograms,\ttaking\tinto\naccount\tprice\tadjustments\ton\tvehicle\tofferings\tand\tchanges\tin\tmarket\tconditions\tsubsequent\tto\tthe\tinitial\tsale\tto\tdetermine\tthe\tneed\tfor\tchanges\tto\tthe\nreserve.\t\t\n\t\nThe\tprincipal\tconsiderations\tfor\tour\tdetermination\tthat\tperforming\tprocedures\trelating\tto\tautomotive\tsales\tto\tcustomers\twith\ta\tresale\tvalue\tguarantee\tor\nbuyback\toption\tis\ta\tcritical\taudit\tmatter\tare\tthe\tsignificant\tjudgment\tby\tmanagement\tin\tdetermining\tthe\tsales\treturn\treserve\twhen\tcustomers\tdo\tnot\thave\ta\nsignificant\teconomic\tincentive\tto\texercise\ttheir\toption;\tthis\tin\tturn\tled\tto\ta\thigh\tdegree\tof\tauditor\tjudgment,\tsubjectivity,\tand\teffort\tin\tperforming\tprocedures\nand\tevaluating\taudit\tevidence\trelated\tto\tthe\tsales\treturn\treserve\twhen\tcustomers\tdo\tnot\thave\ta\tsignificant\teconomic\tincentive."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78c88-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 51, "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\tautomotive\trevenue\trecognition\tfor\tsales\tto\tcustomers\twith\ta\nresale\tvalue\tguarantee\tor\tbuyback\toption\tas\twell\tas\tthe\trelated\tsales\treturn\treserve,\tincluding\tcontrols\tover\tmanagement\u2019s\testimate\tof\texpected\tfuture\tmarket\nvalues\tand\thistorical\texperience.\tThese\tprocedures\talso\tincluded,\tamong\tothers,\ttesting\tmanagement\u2019s\tprocess\tfor\tdetermining\twhether\tcustomers\thave\ta\nsignificant\teconomic\tincentive\tto\texercise\ttheir\tput\trights\tunder\tthe\tresale\tvalue\tguarantee\tand\tbuyback\toption\tprograms\tand,\tif\tnot,\tthe\trelated\tsales\treturn\nreserve.\tThis\tincluded\tevaluating\tthe\tappropriateness\tof\tthe\tmodel\tapplied\tand\tthe\treasonableness\tof\tsignificant\tassumptions\trelated\tto\thistorical\texperience\nand\tthe\testimated\texpected\tfuture\tmarket\tvalues\tused\tin\tthe\tcomparison\tto\tguaranteed\tresale\tamounts.\tEvaluating\tassumptions\trelated\tto\thistorical\texperience\nand\testimated\texpected\tfuture\tmarket\tvalues\tinvolved\tevaluating\twhether\tthe\tassumptions\tused\twere\treasonable\tconsidering\tcurrent\tand\tpast\tperformance\nand\tconsistency\twith\tevidence\tobtained\tin\tother\tareas\tof\tthe\taudit.\tProcedures\twere\tperformed\tto\tevaluate\tthe\treliability,\tcompleteness\tand\trelevance\tof\nmanagement\u2019s\tdata\tused\tin\tthe\tdevelopment\tof\tthe\thistorical\texperience\tassumption.\n\t\nAutomotive\tWarranty\tReserve\n\t\nAs\tdescribed\tin\tNote\t2\tto\tthe\tconsolidated\tfinancial\tstatements,\ttotal\taccrued\twarranty,\twhich\tprimarily\trelates\tto\tthe\tautomotive\tsegment,\twas\t$1,468\tmillion\nas\tof\tDecember\t31,\t2020.\tThe\tCompany\tprovides\ta\tmanufacturer\u2019s\twarranty\ton\tall\tnew\tand\tused\tTesla\tvehicles.\tAs\tdescribed\tin\tNote\t2,\ta\twarranty\treserve\tis"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78ce2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 51, "chroma:document": "accrued\tfor\tthese\tproducts\tsold,\twhich\tincludes\tmanagement\u2019s\tbest\testimate\tof\tthe\tprojected\tcosts\tto\trepair\tor\treplace\titems\tunder\twarranty,\tincluding\trecalls\nwhen\tidentified.\tThese\testimates\tare\tbased\ton\tactual\tclaims\tincurred\tto\tdate\tand\tan\testimate\tof\tthe\tnature,\tfrequency\tand\tcosts\tof\tfuture\tclaims.\t\t\n\t\n52"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78d3c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 52, "chroma:document": "The\tprincipal\tconsiderations\tfor\tour\tdetermination\tthat\tperforming\tprocedures\trelating\tto\tthe\tautomotive\twarranty\treserve\tis\ta\tcritical\taudit\tmatter\tare\tthe\nsignificant\tjudgment\tby\tmanagement\tin\tdetermining\tthe\twarranty\treserve;\tthis\tin\tturn\tled\tto\t\nsignificant\tauditor\tjudgment,\t\nsubjectivity,\tand\t\neffort\tin\tperforming\nprocedures\tto\n\tevaluate\tthe\testimate\tof\tthe\tnature,\tfrequency\tand\tcosts\tof\tfuture\tclaims,\tand\tthe\taudit\teffort\tinvolved\tthe\n\tuse\tof\tprofessionals\twith\tspecialized\nskill\tand\tknowledge.\n\t\t\nAddressing\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\treserve,\nincluding\tcontrols\tover\tmanagement\u2019s\testimate\tof\tthe\tnature,\tfrequency\tand\tcosts\tof\tfuture\tclaims\tas\twell\tas\tthe\tcompleteness\tand\taccuracy\tof\tactual\tclaims\nincurred\tto\tdate.\tThese\tprocedures\talso\tincluded,\tamong\tothers,\ttesting\tmanagement\u2019s\tprocess\tfor\tdetermining\tthe\tautomotive\twarranty\treserve.\tThis\tincluded\nevaluating\tthe\tappropriateness\tof\tthe\tmodel\tapplied\tand\tthe\treasonableness\tof\tsignificant\tassumptions\trelated\tto\tthe\tnature\tand\tfrequency\tof\tfuture\tclaims\tand\nthe\trelated\tcosts\tto\trepair\tor\treplace\titems\tunder\twarranty.\tEvaluating\tthe\tassumptions\trelated\tto\tthe\tnature\tand\tfrequency\tof\tfuture\tclaims\tand\tthe\trelated\ncosts\tto\trepair\tor\treplace\titems\tunder\twarranty\tinvolved\tevaluating\twhether\tthe\tassumptions\tused\twere\treasonable\tconsidering\tcurrent\tand\tpast\tperformance,\nincluding\ta\tlookback\tanalysis\tcomparing\tprior\tperiod\tforecasted\tclaims\tto\tactual\tclaims\tincurred.\tThese\tprocedures\talso\tincluded\tdeveloping\tan\tindependent"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78d96-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 52, "chroma:document": "estimate\tof\ta\tportion\tof\tthe\twarranty\taccrual,\tcomparing\tthe\tindependent\testimate\tto\tmanagement\u2019s\testimate\tto\tevaluate\tthe\treasonableness\tof\tthe\testimate,\nand\ttesting\tthe\tcompleteness\tand\taccuracy\tof\thistorical\tvehicle\tclaims.\tProcedures\twere\tperformed\tto\ttest\tthe\treliability,\tcompleteness,\tand\trelevance\tof\nmanagement\u2019s\tdata\trelated\tto\tthe\thistorical\tclaims\tprocessed\tand\tthat\tsuch\tclaims\twere\tappropriately\tused\tby\tmanagement\tin\tthe\testimation\tof\tfuture\tclaims.\nProfessionals\twith\tspecialized\tskill\tand\tknowledge\twere\tused\tto\tassist\tin\tevaluating\tthe\tappropriateness\tof\taspects\tof\tmanagement\u2019s\tmodel\tfor\testimating\tthe\nnature\tand\tfrequency\tof\tfuture\tclaims,\tand\ttesting\tmanagement\u2019s\twarranty\treserve\tfor\ta\tportion\tof\tfuture\twarranty\tclaims.\n\t\n\t\n/s/\tPricewaterhouseCoopers\tLLP\n\t\nSan\tJose,\tCalifornia\nFebruary\t8,\t2021\n\t\nWe\thave\tserved\tas\tthe\tCompany\u2019s\tauditor\tsince\t2005.\n\t\n\t\n\t\n\t\n\t\n53"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78df0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 53, "chroma:document": "Tesla,\tInc.\nConsolidated\tBalance\tSheets\n(in\tmillions,\texcept\tper\tshare\tdata)\n\t\n\t\n\t\nDecember\t31,\n\t\n\t\nDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\nAssets\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nCurrent\tassets\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nCash\tand\tcash\tequivalents\n\t\n$\n19,384\n\t\n\t\n$\n6,268\n\t\nAccounts\treceivable,\tnet\n\t\n\t\n1,886\n\t\n\t\n\t\n1,324\n\t\nInventory\n\t\n\t\n4,101\n\t\n\t\n\t\n3,552\n\t\nPrepaid\texpenses\tand\tother\tcurrent\tassets\n\t\n\t\n1,346\n\t\n\t\n\t\n959\n\t\nTotal\tcurrent\tassets\n\t\n\t\n26,717\n\t\n\t\n\t\n12,103\n\t\nOperating\tlease\tvehicles,\tnet\n\t\n\t\n3,091\n\t\n\t\n\t\n2,447\n\t\nSolar\tenergy\tsystems,\tnet\n\t\n\t\n5,979\n\t\n\t\n\t\n6,138\n\t\nProperty,\tplant\tand\tequipment,\tnet\n\t\n\t\n12,747\n\t\n\t\n\t\n10,396\n\t\nOperating\tlease\tright-of-use\tassets\n\t\n\t\n1,558\n\t\n\t\n\t\n1,218\n\t\nIntangible\tassets,\tnet\n\t\n\t\n313\n\t\n\t\n\t\n339\n\t\nGoodwill\n\t\n\t\n207\n\t\n\t\n\t\n198\n\t\nOther\tnon-current\tassets\n\t\n\t\n1,536\n\t\n\t\n\t\n1,470\n\t\nTotal\tassets\n\t\n$\n52,148\n\t\n\t\n$\n34,309\n\t\nLiabilities\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nCurrent\tliabilities\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nAccounts\tpayable\n\t\n$\n6,051\n\t\n\t\n$\n3,771"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78e54-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 53, "chroma:document": "6,051\n\t\n\t\n$\n3,771\n\t\nAccrued\tliabilities\tand\tother\n\t\n\t\n3,855\n\t\n\t\n\t\n3,222\n\t\nDeferred\trevenue\n\t\n\t\n1,458\n\t\n\t\n\t\n1,163\n\t\nCustomer\tdeposits\n\t\n\t\n752\n\t\n\t\n\t\n726\n\t\nCurrent\tportion\tof\tdebt\tand\tfinance\tleases\n\t\n\t\n2,132\n\t\n\t\n\t\n1,785\n\t\nTotal\tcurrent\tliabilities\n\t\n\t\n14,248\n\t\n\t\n\t\n10,667\n\t\nDebt\tand\tfinance\tleases,\tnet\tof\tcurrent\tportion\n\t\n\t\n9,556\n\t\n\t\n\t\n11,634\n\t\nDeferred\trevenue,\tnet\tof\tcurrent\tportion\n\t\n\t\n1,284\n\t\n\t\n\t\n1,207\n\t\nOther\tlong-term\tliabilities\n\t\n\t\n3,330\n\t\n\t\n\t\n2,691\n\t\nTotal\tliabilities\n\t\n\t\n28,418\n\t\n\t\n\t\n26,199\n\t\nCommitments\tand\tcontingencies\t(Note\t16)\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nRedeemable\tnoncontrolling\tinterests\tin\tsubsidiaries\n\t\n\t\n604\n\t\n\t\n\t\n643\n\t\nConvertible\tsenior\tnotes\t(Note\t12)\n\t\n\t\n51\n\t\n\t\n\t\n\u2014\n\t\nEquity\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nStockholders'\tequity\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nPreferred\tstock;\t$\n0.001\n\tpar\tvalue;\t\n100\n\tshares\tauthorized;\n\t\t\t\nno\n\tshares\tissued\tand\toutstanding\n\t\n\t\n\u2014\n\t\n\t\n\t\n\u2014\n\t\nCommon\tstock;\t$\n0.001\n\tpar\tvalue;\t\n2,000\n\tshares\tauthorized;\t\n960\n\tand\n\t\t\t\n905\n\tshares\tissued\tand\toutstanding\tas\tof\tDecember\t31,\t2020\tand\tDecember\t31,"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78eae-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 53, "chroma:document": "2019,\trespectively\t(1)\n\t\n\t\n1\n\t\n\t\n\t\n1\n\t\nAdditional\tpaid-in\tcapital\t(1)\n\t\n\t\n27,260\n\t\n\t\n\t\n12,736\n\t\nAccumulated\tother\tcomprehensive\tincome\t(loss)\n\t\n\t\n363\n\t\n\t\n\t\n(\n36\n)\nAccumulated\tdeficit\n\t\n\t\n(\n5,399\n)\n\t\n\t\n(\n6,083\n)\nTotal\tstockholders'\tequity\n\t\n\t\n22,225\n\t\n\t\n\t\n6,618\n\t\nNoncontrolling\tinterests\tin\tsubsidiaries\n\t\n\t\n850\n\t\n\t\n\t\n849\n\t\nTotal\tliabilities\tand\tequity\n\t\n$\n52,148\n\t\n\t\n$\n34,309\n\t\n\t\n(1)\nPrior\tperiod\tresults\thave\tbeen\tadjusted\tto\treflect\tthe\t\nfive\n-for-one\tstock\tsplit\teffected\tin\tthe\tform\tof\ta\tstock\tdividend\tin\tAugust\t2020\n.\tSee\tNote\t1,\nOverview\n,\tfor\tdetails.\n\t\nThe\taccompanying\tnotes\tare\tan\tintegral\tpart\tof\tthese\tconsolidated\tfinancial\tstatements.\n54"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d78f08-f41d-11ee-a3fb-0242ac1c000c
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created_at: 2024-04-06 13:59:07
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created_at: 2024-04-06 13:59:07
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created_at: 2024-04-06 13:59:07
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created_at: 2024-04-06 13:59:07
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created_at: 2024-04-06 13:59:07
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created_at: 2024-04-06 13:59:07
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created_at: 2024-04-06 13:59:07
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created_at: 2024-04-06 13:59:07
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created_at: 2024-04-06 13:59:07
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created_at: 2024-04-06 13:59:07
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created_at: 2024-04-06 13:59:07
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created_at: 2024-04-06 13:59:07
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created_at: 2024-04-06 13:59:07
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created_at: 2024-04-06 13:59:07
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encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 57, "chroma:document": "4,277\n\t\n\t\n\t\n3,965\n\t\nCash\tand\tcash\tequivalents\tand\trestricted\tcash,\tend\tof\tperiod\n\t\n$\n19,901\n\t\n\t\n$\n6,783\n\t\n\t\n$\n4,277\n\t\nSupplemental\tNon-Cash\tInvesting\tand\tFinancing\tActivities\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nEquity\tissued\tin\tconnection\twith\tbusiness\tcombination\n\t\n$\n\u2014\n\t\n\t\n$\n207\n\t\n\t\n$\n\u2014\n\t\nAcquisitions\tof\tproperty\tand\tequipment\tincluded\tin\tliabilities\n\t\n$\n1,088\n\t\n\t\n$\n562\n\t\n\t\n$\n249\n\t\nEstimated\tfair\tvalue\tof\tfacilities\tunder\tbuild-to-suit\tleases\n\t\n$\n\u2014\n\t\n\t\n$\n\u2014\n\t\n\t\n$\n94\n\t\nSupplemental\tDisclosures\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nCash\tpaid\tduring\tthe\tperiod\tfor\tinterest,\tnet\tof\tamounts\tcapitalized\n\t\n$\n444\n\t\n\t\n$\n455\n\t\n\t\n$\n381\n\t\nCash\tpaid\tduring\tthe\tperiod\tfor\ttaxes,\tnet\tof\trefunds\n\t\n$\n115\n\t\n\t\n$\n54\n\t\n\t\n$\n35\n\t\n\t\nThe\taccompanying\tnotes\tare\tan\tintegral\tpart\tof\tthese\tconsolidated\tfinancial\tstatements.\n\t\n\t\n\t\n58"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d79584-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 58, "chroma:document": "Tesla,\tInc.\nNotes\tto\tConsolidated\tFinancial\tStatements\n\t\nNote\t1\t\u2013\tOverview\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,\tmanufacture\nand\tsell\thigh-performance\tfully\telectric\tvehicles\tand\tdesign,\tmanufacture,\tinstall\tand\tsell\tsolar\tenergy\tgeneration\tand\tenergy\tstorage\tproducts.\tOur\tChief\nExecutive\tOfficer,\tas\tthe\tchief\toperating\tdecision\tmaker\t(\u201cCODM\u201d),\torganizes\tour\tcompany,\tmanages\tresource\tallocations\tand\tmeasures\tperformance\tamong\ntwo\n\toperating\tand\treportable\tsegments:\t(i)\tautomotive\tand\t(ii)\tenergy\tgeneration\tand\tstorage.\nAs\tof\tand\tfollowing\tDecember\t31,\t2020,\tthere\thas\tcontinued\tto\tbe\twidespread\timpact\tfrom\tthe\tcoronavirus\tdisease\t(\u201cCOVID-19\u201d)\tpandemic.\tIn\t2020,\twe\ntemporarily\tsuspended\toperations\tat\teach\tof\tour\tmanufacturing\tfacilities\tworldwide\tfor\ta\tpart\tof\tthe\tfirst\thalf\tof\tthe\tyear.\tSome\tof\tour\tsuppliers\tand\tpartners\nalso\texperienced\ttemporary\tsuspensions\tbefore\tresuming,\tincluding\tPanasonic,\twhich\tmanufactures\tbattery\tcells\tfor\tour\tproducts\tat\tour\tGigafactory\tNevada.\nWe\talso\tinstituted\ttemporary\temployee\tfurloughs\tand\tcompensation\treductions\twhile\tour\tU.S.\toperations\twere\tscaled\tback.\tFinally,\t\nreduced\toperations\tor\nclosures\tat\tmotor\tvehicle\tdepartments,\tvehicle\tauction\thouses\tand\tmunicipal\tand\tutility\tcompany\tinspectors\tresulted\tin\tchallenges\tin\tor\tpostponements\tfor\tour\nnew\tvehicle\tdeliveries,\tused\tvehicle\tsales,\tand\tenergy\tproduct\tdeployments.\n\tBy\tthe\tsecond\thalf\tof\t2020,\thowever,\twe\tresumed\toperations\tat\tall\tof\tour"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d795de-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 58, "chroma:document": "manufacturing\tfacilities\tand\thave\tcontinued\tto\tincrease\tour\toutput\tand\tadd\tadditional\tcapacity\tand\twork\twith\teach\tof\tour\tsuppliers\tand\tgovernment\tagencies\non\tmeeting,\tramping\tand\tsustaining\tour\tproduction.\tOn\tthe\tother\thand,\tcertain\tgovernment\tregulations\tand\tshifting\tsocial\tbehaviors\thave\tcontinued\tto\tlimit\tor\nclose\tnon-essential\ttransportation,\tgovernment\tfunctions,\tbusiness\tactivities\tand\tperson-to-person\tinteractions.\tIn\tsome\tcases,\tthe\trelaxation\tof\tsuch\ttrends\thas\nrecently\tbeen\tfollowed\tby\tactual\tor\tcontemplated\treturns\tto\tstringent\trestrictions\ton\tgatherings\tor\tcommerce.\tWe\tcannot\tpredict\tthe\tduration\tor\tdirection\tof\nsuch\ttrends,\twhich\thave\talso\tadversely\taffected\tand\tmay\tin\tthe\tfuture\taffect\tour\toperations.\nOn\tFebruary\t19,\t2020,\twe\tcompleted\ta\tpublic\toffering\tof\tour\tcommon\tstock\tand\tissued\ta\ttotal\tof\t\n15.2\n\tmillion\tshares\t(\nas\tadjusted\tto\tgive\teffect\tto\tthe\nStock\tSplit,\tas\tdescribed\tin\tthe\tparagraph\tbelow)\n,\n\tfor\ttotal\tcash\tproceeds\tof\t$\n2.31\n\tbillion,\tnet\tof\tunderwriting\tdiscounts\tand\toffering\tcosts\tof\t$\n28\n\tmillion.\nOn\tAugust\t10,\t2020,\tour\tBoard\tof\tDirectors\tdeclared\ta\t\nfive\n-for-one\tsplit\tof\tthe\tCompany\u2019s\tcommon\tstock\teffected\tin\tthe\tform\tof\ta\tstock\tdividend\t(the\n\u201cStock\tSplit\u201d).\tEach\tstockholder\tof\trecord\ton\tAugust\t21,\t2020\treceived\ta\tdividend\tof\tfour\tadditional\tshares\tof\tcommon\tstock\tfor\teach\tthen-held\tshare,\ndistributed\tafter\tclose\tof\ttrading\ton\tAugust\t28,\t2020.\tAll\tshare\tand\tper\tshare\tamounts\tpresented\therein\thave\tbeen\tretroactively\tadjusted\tto\treflect\tthe\timpact\nof\tthe\tStock\tSplit.\nOn\tSeptember\t1,\t2020,\twe\tentered\tinto\tan\tEquity\tDistribution\tAgreement\twith\tcertain\tsales\tagents\tto\tsell\t$"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d79638-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 58, "chroma:document": "5.00\n\tbillion\tin\tshares\tof\tour\tcommon\tstock\nfrom\ttime\tto\ttime\tthrough\tan\t\u201cat-the-market\u201d\toffering\tprogram.\tSuch\tsales\twere\tcompleted\tby\tSeptember\t4,\t2020\tand\tsettled\tby\tSeptember\t9,\t2020,\twith\tthe\nsale\tof\t\n11,141,562\n\tshares\tof\tcommon\tstock\tresulting\tin\tgross\tproceeds\tof\t$5.00\tbillion\tand\tnet\tproceeds\tof\t$\n4.97\n\tbillion,\tnet\tof\tsales\tagents\u2019\tcommissions\tof\t$\n25\nmillion\tand\tother\toffering\tcosts\tof\t$\n1\n\tmillion.\nOn\tDecember\t8,\t2020,\twe\tentered\tinto\ta\tseparate\tEquity\tDistribution\tAgreement\twith\tcertain\tsales\tagents\tto\tsell\t$\n5.00\n\tbillion\tin\tshares\tof\tour\tcommon\nstock\tfrom\ttime\tto\ttime\tthrough\tan\t\u201cat-the-market\u201d\toffering\tprogram.\tSuch\tsales\twere\tcompleted\tby\tDecember\t9,\t2020\tand\tsettled\tby\tDecember\t11,\t2020,\twith\nthe\tsale\tof\t\n7,915,589\n\tshares\tof\tcommon\tstock\tresulting\tin\tgross\tproceeds\tof\t$5.00\tbillion\tand\tnet\tproceeds\tof\t$\n4.99\n\tbillion,\tnet\tof\tsales\tagents\u2019\tcommissions\tof\n$\n13\n\tmillion\tand\tother\toffering\tcosts\tof\t$\n1\n\tmillion.\n\t\n59"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d79692-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 59, "chroma:document": "Note\t2\t\u2013\tSummary\tof\tSignificant\tAccounting\tPolicies\nPrinciples\tof\tConsolidation\nThe\taccompanying\tconsolidated\tfinancial\tstatements\thave\tbeen\tprepared\tin\tconformity\twith\tU.S.\tgenerally\taccepted\taccounting\tprinciples\t(\u201cGAAP\u201d)\tand\nreflect\tour\taccounts\tand\toperations\tand\tthose\tof\tour\tsubsidiaries\tin\twhich\twe\thave\ta\tcontrolling\tfinancial\tinterest.\tIn\taccordance\twith\tthe\tprovisions\tof\nAccounting\tStandards\tCodification\t(\u201cASC\u201d)\t810,\tConsolidation,\twe\tconsolidate\tany\tvariable\tinterest\tentity\t(\u201cVIE\u201d)\tof\twhich\twe\tare\tthe\tprimary\tbeneficiary.\tWe\nform\tVIEs\twith\tfinancing\tfund\tinvestors\tin\tthe\tordinary\tcourse\tof\tbusiness\tin\torder\tto\tfacilitate\tthe\tfunding\tand\tmonetization\tof\tcertain\tattributes\tassociated\nwith\tsolar\tenergy\tsystems\tand\tleases\tunder\tour\tdirect\tvehicle\tleasing\tprograms.\tThe\ttypical\tcondition\tfor\ta\tcontrolling\tfinancial\tinterest\townership\tis\tholding\ta\nmajority\tof\tthe\tvoting\tinterests\tof\tan\tentity;\thowever,\ta\tcontrolling\tfinancial\tinterest\tmay\talso\texist\tin\tentities,\tsuch\tas\tVIEs,\tthrough\tarrangements\tthat\tdo\tnot\ninvolve\tcontrolling\tvoting\tinterests.\tASC\t810\trequires\ta\tvariable\tinterest\tholder\tto\tconsolidate\ta\tVIE\tif\tthat\tparty\thas\tthe\tpower\tto\tdirect\tthe\tactivities\tof\tthe\tVIE\nthat\tmost\tsignificantly\timpact\tthe\tVIE\u2019s\teconomic\tperformance\tand\tthe\tobligation\tto\tabsorb\tlosses\tof\tthe\tVIE\tthat\tcould\tpotentially\tbe\tsignificant\tto\tthe\tVIE\tor\nthe\tright\tto\treceive\tbenefits\tfrom\tthe\tVIE\tthat\tcould\tpotentially\tbe\tsignificant\tto\tthe\tVIE.\tWe\tdo\tnot\tconsolidate\ta\tVIE\tin\twhich\twe\thave\ta\tmajority\townership\ninterest\twhen\twe\tare\tnot\tconsidered\tthe\tprimary\tbeneficiary.\tWe\thave\tdetermined\tthat\twe\tare\tthe\tprimary\tbeneficiary\tof\tall\tthe\tVIEs\t(see\tNote\t17,\t\nVariable"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d796ec-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 59, "chroma:document": "Variable\nInterest\tEntity\tArrangements\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\tU.S.\tgenerally\taccepted\taccounting\tprinciples\t(\u201cGAAP\u201d)\trequires\tmanagement\tto\tmake\testimates\nand\tassumptions\tthat\taffect\tthe\treported\tamounts\tof\tassets,\tliabilities,\trevenues,\tcosts\tand\texpenses\tand\trelated\tdisclosures\tin\tthe\taccompanying\tnotes.\nDue\tto\tthe\tCOVID-19\tpandemic,\tthere\thas\tbeen\tuncertainty\tand\tdisruption\tin\tthe\tglobal\teconomy\tand\tfinancial\tmarkets.\tThe\testimates\tused\tfor,\tbut\tnot\nlimited\tto,\tdetermining\tsignificant\teconomic\tincentive\tfor\tresale\tvalue\tguarantee\tarrangements,\tsales\treturn\treserves,\tthe\tcollectability\tof\taccounts\treceivable,\ninventory\tvaluation,\tfair\tvalue\tof\tlong-lived\tassets,\tgoodwill,\tfair\tvalue\tof\tfinancial\tinstruments,\tfair\tvalue\tand\tresidual\tvalue\tof\toperating\tlease\tvehicles\tand\tsolar\nenergy\tsystems\tsubject\tto\tleases\tcould\tbe\timpacted.\tWe\thave\tassessed\tthe\timpact\tand\tare\tnot\taware\tof\tany\tspecific\tevents\tor\tcircumstances\tthat\trequired\tan\nupdate\tto\tour\testimates\tand\tassumptions\tor\tmaterially\taffected\tthe\tcarrying\tvalue\tof\tour\tassets\tor\tliabilities\tas\tof\tthe\tdate\tof\tissuance\tof\tthis\tAnnual\tReport\ton\nForm\t10-K.\tThese\testimates\tmay\tchange\tas\tnew\tevents\toccur\tand\tadditional\tinformation\tis\tobtained.\tActual\tresults\tcould\tdiffer\tmaterially\tfrom\tthese\testimates\nunder\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"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d79746-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 59, "chroma:document": "accompanying\tnotes.\tRestricted\tcash\tand\tMyPower\tcustomer\tnotes\treceivable\thave\tbeen\treclassified\tto\tother\tassets\tand\tresale\tvalue\tguarantees\thas\tbeen\nreclassified\tto\tother\tliabilities.\nRevenue\t\nRecognition\n\t\nAdoption\tof\tASC\t606\trevenue\tstandard\nOn\tJanuary\t1,\t2018,\twe\tadopted\tASC\t606,\t\nRevenue\tfrom\tContracts\twith\tCustomers\n,\tusing\tthe\tmodified\tretrospective\tmethod.\n60"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d797a0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 60, "chroma:document": "Revenue\tby\tsource\nThe\tfollowing\ttable\tdisaggregates\tour\trevenue\tby\tmajor\tsource\t(in\tmillions):\n\t\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\n\t\n2018\n\t\nAutomotive\tsales\twithout\tresale\tvalue\tguarantee\n\t\n$\n24,053\n\t\n\t\n$\n19,212\n\t\n\t\n$\n15,810\n\t\nAutomotive\tsales\twith\tresale\tvalue\tguarantee\t(1)\n\t\n\t\n551\n\t\n\t\n\t\n146\n\t\n\t\n\t\n1,403\n\t\nAutomotive\tregulatory\tcredits\n\t\n\t\n1,580\n\t\n\t\n\t\n594\n\t\n\t\n\t\n419\n\t\nEnergy\tgeneration\tand\tstorage\tsales\n\t\n\t\n1,477\n\t\n\t\n\t\n1,000\n\t\n\t\n\t\n1,056\n\t\nServices\tand\tother\n\t\n\t\n2,306\n\t\n\t\n\t\n2,226\n\t\n\t\n\t\n1,391\n\t\nTotal\trevenues\tfrom\tsales\tand\tservices\n\t\n\t\n29,967\n\t\n\t\n\t\n23,178\n\t\n\t\n\t\n20,079\n\t\nAutomotive\tleasing\n\t\n\t\n1,052\n\t\n\t\n\t\n869\n\t\n\t\n\t\n883\n\t\nEnergy\tgeneration\tand\tstorage\tleasing\n\t\n\t\n517\n\t\n\t\n\t\n531\n\t\n\t\n\t\n499\n\t\nTotal\trevenues\n\t\n$\n31,536\n\t\n\t\n$\n24,578\n\t\n\t\n$\n21,461\n\t\n\t\n\t\n(1)\nDue\tto\tpricing\tadjustments\twe\tmade\tto\tour\tvehicle\tofferings\tduring\t2020\tand\t2019,\twe\testimated\tthat\tthere\twas\ta\tgreater\tlikelihood\tthat\ncustomers\twould\texercise\ttheir\tbuyback\toptions\tand\tadjusted\tour\tsales\treturn\treserve\ton\tvehicles\tpreviously\tsold\tunder\tour\tbuyback\toptions"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d797fa-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 60, "chroma:document": "program,\twhich\tresulted\tin\ta\treduction\tof\tautomotive\tsales\twith\tresale\tvalue\tguarantee.\tFor\tthe\tyears\tended\tDecember\t31,\t2020\tand\t2019,\tprice\nadjustments\tresulted\tin\ta\treduction\tof\tautomotive\tsales\twith\tresale\tvalue\tguarantee\tby\t$\n72\n\tmillion\tand\t$\n555\n\tmillion,\trespectively.\tThe\tamounts\npresented\trepresent\tautomotive\tsales\twith\tresale\tvalue\tguarantee\tnet\tof\tsuch\tpricing\tadjustments\u2019\timpact.\n\t\nAutomotive\tSegment\nAutomotive\tSales\tRevenue\nAutomotive\tSales\twithout\tResale\tValue\tGuarantee\nAutomotive\tsales\trevenue\tincludes\trevenues\trelated\tto\tdeliveries\tof\tnew\tvehicles\tand\tpay-per-use\tcharges,\tand\tspecific\tother\tfeatures\tand\tservices\tthat\nmeet\tthe\tdefinition\tof\ta\tperformance\tobligation\tunder\tASC\t606,\tincluding\taccess\tto\tour\tSupercharger\tnetwork,\tinternet\tconnectivity,\tFull\tSelf-Driving\t(\u201cFSD\u201d)\nfeatures\tand\tover-the-air\tsoftware\tupdates.\tWe\trecognize\trevenue\ton\tautomotive\tsales\tupon\tdelivery\tto\tthe\tcustomer,\twhich\tis\twhen\tthe\tcontrol\tof\ta\tvehicle\ntransfers.\tPayments\tare\ttypically\treceived\tat\tthe\tpoint\tcontrol\ttransfers\tor\tin\taccordance\twith\tpayment\tterms\tcustomary\tto\tthe\tbusiness.\tOther\tfeatures\tand\nservices\tsuch\tas\taccess\tto\tour\tSupercharger\tnetwork,\tinternet\tconnectivity\tand\tover-the-air\tsoftware\tupdates\tare\tprovisioned\tupon\tcontrol\ttransfer\tof\ta\tvehicle\nand\trecognized\tover\ttime\ton\ta\tstraight-line\tbasis\tas\twe\thave\ta\tstand-ready\tobligation\tto\tdeliver\tsuch\tservices\tto\tthe\tcustomer.\tWe\trecognize\trevenue\trelated\tto\nthese\tother\tfeatures\tand\tservices\tover\tthe\tperformance\tperiod,\twhich\tis\tgenerally\tthe\texpected\townership\tlife\tof\tthe\tvehicle\tor\tthe\teight-year\tlife\tof\tthe\tvehicle.\nRevenue\trelated\tto\tFSD\tfeatures\tis\trecognized\twhen\tfunctionality\tis\tdelivered\tto\tthe\tcustomer.\tFor\tour\tobligations\trelated\tto\tautomotive\tsales,\twe\testimate"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d79854-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 60, "chroma:document": "standalone\tselling\tprice\tby\tconsidering\tcosts\tused\tto\tdevelop\tand\tdeliver\tthe\tservice,\tthird-party\tpricing\tof\tsimilar\toptions\tand\tother\tinformation\tthat\tmay\tbe\navailable.\nAt\tthe\ttime\tof\trevenue\trecognition,\twe\treduce\tthe\ttransaction\tprice\tand\trecord\ta\tsales\treturn\treserve\tagainst\trevenue\tfor\testimated\tvariable\nconsideration\trelated\tto\tfuture\tproduct\treturns.\tSuch\treturn\trate\testimates\tare\tbased\ton\thistorical\texperience\tand\tare\timmaterial\tin\tall\tperiods\tpresented.\tIn\naddition,\tany\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.\nCosts\tto\tobtain\ta\tcontract\tmainly\trelate\tto\tcommissions\tpaid\tto\tour\tsales\tpersonnel\tfor\tthe\tsale\tof\tvehicles.\tCommissions\tare\tnot\tpaid\ton\tother\nobligations\tsuch\t\nas\n\t\naccess\tto\tour\tSupercharger\tnetwork,\tinternet\tconnectivity,\tFSD\tfeatures\tand\tover-the-air\tsoftware\tupdates.\n\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\tshipping\nand\thandling\tare\tclassified\tas\tautomotive\tsales\trevenue,\tand\twe\thave\telected\tto\trecognize\tthe\tcost\tfor\tfreight\tand\tshipping\twhen\tcontrol\tover\tvehicles,\tparts,\tor\naccessories\thave\ttransferred\tto\tthe\tcustomer\tas\tan\texpense\tin\tcost\tof\tautomotive\tsales\trevenue.\tOur\tpolicy\tis\tto\texclude\ttaxes\tcollected\tfrom\ta\tcustomer\tfrom\nthe\ttransaction\tprice\tof\tautomotive\tcontracts.\n61"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d798ae-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 61, "chroma:document": "Automotive\tSales\twith\tResale\tValue\tGuarantee\tor\ta\tBuyback\tOption\nWe\toffer\tresale\tvalue\tguarantees\tor\tsimilar\tbuy-back\tterms\tto\tcertain\tinternational\tcustomers\twho\tpurchase\tvehicles\tand\twho\tfinance\ttheir\tvehicles\nthrough\tone\tof\tour\tspecified\tcommercial\tbanking\tpartners.\tWe\talso\toffer\tresale\tvalue\tguarantees\tin\tconnection\twith\tautomotive\tsales\tto\tcertain\tleasing\npartners.\tUnder\tthese\tprograms,\twe\treceive\tfull\tpayment\tfor\tthe\tvehicle\tsales\tprice\tat\tthe\ttime\tof\tdelivery\tand\tour\tcounterparty\thas\tthe\toption\tof\tselling\ttheir\nvehicle\tback\tto\tus\tduring\tthe\tguarantee\tperiod,\twhich\tcurrently\tis\tgenerally\tat\tthe\tend\tof\tthe\tterm\tof\tthe\tapplicable\tloan\tor\tfinancing\tprogram,\tfor\ta\tpre-\ndetermined\tresale\tvalue.\nWith\tthe\texception\tof\tthe\t\nVehicle\tSales\tto\tLeasing\tPartners\twith\ta\tResale\tValue\tGuarantee\tand\ta\tBuyback\tOption\n\tprogram\tdiscussed\twithin\tthe\nAutomotive\tLeasing\tsection\tbelow,\twe\trecognize\trevenue\twhen\tcontrol\ttransfers\tupon\tdelivery\tto\tcustomers\t\nin\taccordance\twith\tASC\t606\t\nas\ta\tsale\twith\ta\tright\nof\treturn\tas\twe\tdo\tnot\tbelieve\tthe\tcustomer\thas\ta\tsignificant\teconomic\tincentive\tto\texercise\tthe\tresale\tvalue\tguarantee\tprovided\tto\tthem\tat\tcontract\tinception.\nThe\tprocess\tto\tdetermine\twhether\tthere\tis\ta\tsignificant\teconomic\tincentive\tincludes\ta\tcomparison\tof\ta\tvehicle\u2019s\testimated\tmarket\tvalue\tat\tthe\ttime\tthe\toption\tis\nexercisable\twith\tthe\tguaranteed\tresale\tvalue\tto\tdetermine\tthe\tcustomer\u2019s\teconomic\tincentive\tto\texercise.\tThe\tperformance\tobligations\tand\tthe\tpattern\tof\nrecognizing\tautomotive\tsales\twith\tresale\tvalue\tguarantees\tare\tconsistent\twith\tautomotive\tsales\twithout\tresale\tvalue\tguarantees\twith\tthe\texception\tof\tour\nestimate\tfor\tsales\treturn\treserve.\tSales\treturn\treserves\tfor\tautomotive\tsales\twith\tresale\tvalue\tguarantees\tare\testimated\tbased\ton\thistorical\texperience\tplus"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d79912-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 61, "chroma:document": "consideration\tfor\texpected\tfuture\tmarket\tvalues.\t\nOn\ta\tquarterly\tbasis,\twe\tassess\tthe\testimated\tmarket\tvalues\tof\tvehicles\tunder\tour\tbuyback\toptions\tprogram\tto\ndetermine\twhether\tthere\thave\tbeen\tchanges\tto\tthe\tlikelihood\tof\tfuture\tproduct\treturns.\tAs\twe\taccumulate\tmore\tdata\trelated\tto\tthe\tbuyback\tvalues\tof\tour\nvehicles\tor\tas\tmarket\tconditions\tchange,\tthere\tmay\tbe\tmaterial\tchanges\tto\ttheir\testimated\tvalues.\tDue\tto\tprice\tadjustments\twe\tmade\tto\tour\tvehicle\tofferings\nduring\t2020,\twe\testimated\tthat\tthere\tis\ta\tgreater\tlikelihood\tthat\tcustomers\twill\texercise\ttheir\tbuyback\toptions\tthat\twere\tprovided\tprior\tto\tsuch\tadjustments.\tAs\na\tresult,\talong\twith\tthe\testimated\tvariable\tconsideration\trelated\tto\tnormal\tfuture\tproduct\treturns\tfor\tvehicles\tsold\tunder\tthe\tbuyback\toptions\tprogram,\twe\nadjusted\tour\tsales\treturn\treserve\ton\tvehicles\tpreviously\tsold\tunder\tour\tbuyback\toptions\tprogram\tresulting\tin\ta\treduction\tof\tautomotive\tsales\trevenues\tof\t\n$\n72\nmillion\tfor\tthe\tyear\tended\tDecember\t31,\t2020.\tIf\tcustomers\telect\tto\texercise\tthe\tbuyback\toption,\twe\texpect\tto\tbe\table\tto\tsubsequently\tresell\tthe\treturned\nvehicles,\twhich\tresulted\tin\ta\tcorresponding\treduction\tin\tcost\tof\tautomotive\tsales\tof\t$\n42\n\tmillion\tfor\tthe\tyear\tended\tDecember\t31,\t2020.\tThe\tnet\timpact\twas\t\n$\n30\nmillion\treduction\tin\tgross\tprofit\tfor\tthe\tyear\tended\tDecember\t31,\t2020.\tThe\ttotal\tsales\treturn\treserve\ton\tvehicles\tpreviously\tsold\tunder\tour\tbuyback\toptions\nprogram\twas\t$\n703\n\tmillion\tand\t$\n639\n\tmillion\tas\tof\tDecember\t31,\t2020\tand\tDecember\t31,\t2019,\trespectively,\tof\twhich\t$\n202\n\tmillion\tand\t\n$\n93\n\tmillion\twas\tshort\nterm,\trespectively."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7996c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 61, "chroma:document": "93\n\tmillion\twas\tshort\nterm,\trespectively.\nDeferred\trevenue\tactivity\trelated\tto\tthe\taccess\tto\tour\tSupercharger\tnetwork,\tinternet\tconnectivity,\tFSD\tfeatures\tand\tover-the-air\tsoftware\tupdates\ton\nautomotive\tsales\twith\tand\twithout\tresale\tvalue\tguarantee\tconsisted\tof\tthe\tfollowing\t(in\tmillions):\n\t\n\t\n\t\nYear\tended\tDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\nDeferred\trevenue\ton\tautomotive\tsales\twith\tand\twithout\n\t\t\tresale\tvalue\tguarantee\u2014\tbeginning\tof\tperiod\n\t\n$\n1,472\n\t\n\t\n$\n883\n\t\nAdditions\n\t\n\t\n724\n\t\n\t\n\t\n880\n\t\nNet\tchanges\tin\tliability\tfor\tpre-existing\tcontracts\n\t\n\t\n56\n\t\n\t\n\t\n9\n\t\nRevenue\trecognized\n\t\n\t\n(\n326\n)\n\t\n\t\n(\n300\n)\nDeferred\trevenue\ton\tautomotive\tsales\twith\tand\twithout\n\t\t\tresale\tvalue\tguarantee\u2014\tend\tof\tperiod\n\t\n$\n1,926\n\t\n\t\n$\n1,472\n\t\n\t\nDeferred\trevenue\tis\tequivalent\tto\tthe\ttotal\ttransaction\tprice\tallocated\tto\tthe\tperformance\tobligations\tthat\tare\tunsatisfied,\tor\tpartially\tunsatisfied,\tas\tof\nDecember\t31,\t2020.\tFrom\tthe\tdeferred\trevenue\tbalance\tas\tof\tDecember\t31,\t2019,\trevenue\trecognized\tduring\tthe\tyear\tended\tDecember\t31,\t2020\twas\n$\n283\n\tmillion.\t\nFrom\tthe\tdeferred\trevenue\tbalance\tas\tof\tDecember\t31,\t2018,\trevenue\trecognized\tduring\tthe\tyear\tended\tDecember\t31,\t2019\twas\t$\n220\n\tmillion.\t\nOf\nthe\ttotal\tdeferred\trevenue\ton\tautomotive\tsales\twith\tand\twithout\tresale\tvalue\tguarantees\tas\tof\tDecember\t31,\t2020,\twe\texpect\tto\trecognize\t$\n1.13\n\tbillion\tof"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d799c6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 61, "chroma:document": "1.13\n\tbillion\tof\nrevenue\tin\tthe\tnext\t12\tmonths.\tThe\tremaining\tbalance\twill\tbe\trecognized\tover\tthe\tperformance\tperiod\tas\tdiscussed\tabove\tin\tAutomotive\tSales\twithout\tResale\nValue\tGuarantee.\nAutomotive\tRegulatory\tCredits\nWe\tearn\ttradable\tcredits\tin\tthe\toperation\tof\tour\tautomotive\tbusiness\tunder\tvarious\tregulations\trelated\tto\tzero-emission\tvehicles,\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.\n62"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d79a20-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 62, "chroma:document": "Payments\tfor\tautomotive\tregulatory\tcredits\tare\ttypically\treceived\tat\tthe\tpoint\tcontrol\ttransfers\tto\tthe\tcustomer,\tor\tin\taccordance\twith\tpayment\tterms\ncustomary\tto\tthe\tbusiness.\t\nWe\trecognize\trevenue\ton\tthe\tsale\tof\tautomotive\tregulatory\tcredits\tat\tthe\ttime\tcontrol\tof\tthe\tregulatory\tcredits\tis\ttransferred\tto\tthe\npurchasing\tparty\tas\tautomotive\tsales\trevenue\tin\tthe\tconsolidated\tstatements\tof\toperations.\tRevenue\tfrom\tthe\tsale\tof\tautomotive\tregulatory\tcredits\ttotaled\t$\n1.58\nbillion,\t$\n594\n\tmillion\tand\t$\n419\n\tmillion\tfor\tthe\tyears\tended\tDecember\t31,\t2020,\t2019\tand\t2018,\trespectively.\t\nDeferred\trevenue\trelated\tto\tsales\tof\tautomotive\nregulatory\tcredits\twas\t$\n21\n\tmillion\tand\t$\n140\n\tmillion\tas\tof\t\nDecember\t31,\t2020\n\tand\t2019,\trespectively.\tWe\texpect\tto\trecognize\tthe\tmajority\tof\tthe\tdeferred\trevenue\nas\tof\tDecember\t31,\t2020\tin\tthe\tnext\t\n12\n\tmonths.\nAutomotive\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\trequired\tto\treturn\tthe\tvehicles\nto\tus\tor\tfor\tModel\tS\tand\tModel\tX\tleases\tin\tcertain\tregions,\tmay\topt\tto\tpurchase\tthe\tvehicles\tfor\ta\tpre-determined\tresidual\tvalue.\t\nWe\taccount\tfor\tthese\tleasing\ntransactions\tas\toperating\tleases.\tWe\trecord\tleasing\trevenues\tto\t\nautomotive\tleasing\trevenue\n\ton\ta\tstraight-line\tbasis\tover\tthe\tcontractual\tterm,\tand\twe\trecord"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d79a7a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 62, "chroma:document": "the\tdepreciation\tof\tthese\tvehicles\tto\tcost\tof\tautomotive\tleasing\trevenue.\tFor\tthe\tyears\tended\tDecember\t31,\t2020,\t2019\tand\t2018,\twe\trecognized\t$\n752\n\tmillion,\n$\n532\n\tmillion\tand\t$\n393\n\tmillion\tof\tdirect\tvehicle\tleasing\trevenue,\trespectively.\tAs\tof\tDecember\t31,\t2020\tand\t2019,\twe\thad\tdeferred\t$\n293\n\tmillion\tand\n$\n218\n\tmillion,\trespectively,\tof\tlease-related\tupfront\tpayments,\twhich\twill\tbe\trecognized\ton\ta\tstraight-line\tbasis\tover\tthe\tcontractual\tterms\tof\tthe\tindividual\nleases.\nOur\tpolicy\tis\tto\texclude\ttaxes\tcollected\tfrom\ta\tcustomer\tfrom\tthe\ttransaction\tprice\tof\tautomotive\tcontracts.\nVehicle\tSales\tto\tLeasing\tPartners\twith\ta\tResale\tValue\tGuarantee\tand\ta\tBuyback\tOption\nWe\toffered\tbuyback\toptions\tin\tconnection\twith\tautomotive\tsales\twith\tresale\tvalue\tguarantees\twith\tcertain\tleasing\tpartner\tsales\tin\tthe\tU.S.\tand\t\nwhere\nwe\texpected\tthe\tcustomer\thad\ta\tsignificant\teconomic\tincentive\tto\texercise\tthe\tresale\tvalue\tguarantee\tprovided\tto\tthem\tat\tcontract\tinception,\twe\tcontinued\tto\nrecognize\tthese\ttransactions\tas\toperating\tleases\n.\tThese\ttransactions\tentailed\ta\ttransfer\tof\tleases,\twhich\twe\thad\toriginated\twith\tan\tend-customer,\tto\tour\tleasing\npartner.\tAs\tcontrol\tof\tthe\tvehicles\thad\tnot\tbeen\ttransferred\t\nin\taccordance\twith\tASC\t606\n,\tthese\ttransactions\twere\taccounted\tfor\tas\tinterest-bearing\ncollateralized\tborrowings\tin\taccordance\twith\tASC\t840,\t\nLeases\n,\tprior\tto\tJanuary\t1,\t2019.\tUnder\tthis\tprogram,\tcash\twas\treceived\tfor\tthe\tfull\tprice\tof\tthe\tvehicle\nand\tthe\tcollateralized\tborrowing\tvalue\twas\tgenerally\trecorded\twithin\tresale\tvalue\tguarantees\tand\tthe\tcustomer\tupfront\tdown\tpayment\twas\trecorded\twithin"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d79ad4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 62, "chroma:document": "deferred\trevenue.\tWe\tamortize\tthe\tdeferred\trevenue\tamount\tto\tautomotive\tleasing\trevenue\ton\ta\tstraight-line\tbasis\tover\tthe\toption\tperiod\tand\taccrue\tinterest\nexpense\tbased\ton\tour\tborrowing\trate.\tThe\toption\tperiod\texpires\tat\tthe\tearlier\tof\tthe\tend\tof\tthe\tcontractual\toption\tperiod\tor\tthe\tpay-off\tof\tthe\tinitial\tloan.\tWe\ncapitalized\tvehicles\tunder\tthis\tprogram\tto\toperating\tlease\tvehicles,\tnet,\ton\tthe\tconsolidated\tbalance\tsheets,\tand\twe\trecord\tdepreciation\tfrom\tthese\tvehicles\tto\ncost\tof\tautomotive\tleasing\trevenue\tduring\tthe\tperiod\tthe\tvehicle\tis\tunder\ta\tlease\tarrangement.\tCash\treceived\tfor\tthese\tvehicles,\tnet\tof\trevenue\trecognized\nduring\tthe\tperiod,\tis\tclassified\tas\tcollateralized\tlease\t(repayments)\tborrowings\twithin\tcash\tflows\tfrom\tfinancing\tactivities\tin\tthe\tconsolidated\tstatements\tof\tcash\nflows.\tFollowing\tthe\tadoption\tof\tASC\t842\ton\tJanuary\t1,\t2019,\tall\tnew\tagreements\tunder\tthis\tprogram\tare\taccounted\tfor\tas\toperating\tleases\tand\tthere\twas\tno\nmaterial\tchange\tin\tthe\ttiming\tand\tamount\tof\trevenue\trecognized\tover\tthe\tterm.\tConsequently,\tany\tcash\tflows\tfor\tnew\tagreements\tare\tclassified\tas\toperating\ncash\tactivities\ton\tthe\tconsolidated\tstatements\tof\tcash\tflows.\nAt\tthe\tend\tof\tthe\tlease\tterm,\twe\tsettle\tour\tliability\tin\tcash\tby\teither\tpurchasing\tthe\tvehicle\tfrom\tthe\tleasing\tpartner\tfor\tthe\tbuyback\toption\tamount\tor\npaying\ta\tshortfall\tto\tthe\toption\tamount\tthe\tleasing\tpartner\tmay\trealize\ton\tthe\tsale\tof\tthe\tvehicle.\tAny\tremaining\tbalances\twithin\tdeferred\trevenue\tand\tresale\nvalue\tguarantee\twill\tbe\tsettled\tto\tautomotive\tleasing\trevenue.\t\nThe\tend\tcustomer\tcan\textend\tthe\tlease\tfor\ta\tperiod\tof\tup\tto\t6\tmonths.\t\nIn\tcases\twhere\tthe\tleasing"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d79b2e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 62, "chroma:document": "In\tcases\twhere\tthe\tleasing\npartner\tretains\townership\tof\tthe\tvehicle\tafter\tthe\tend\tof\tour\toption\tperiod,\twe\texpense\tthe\tnet\tvalue\tof\tthe\tleased\tvehicle\tto\tcost\tof\tautomotive\tleasing\trevenue\n.\nThe\tmaximum\tamount\twe\tcould\tbe\trequired\tto\tpay\tunder\tthis\tprogram,\tshould\twe\tdecide\tto\trepurchase\tall\tvehicles,\twas\t$\n42\n\tmillion\tand\t$\n214\n\tmillion\tas\tof\nDecember\t31,\t2020\tand\t2019,\trespectively,\tincluding\t$\n23\n\t\nmillion\n\twithin\ta\t12-month\tperiod\tfrom\tDecember\t31,\t2020.\t\nAs\tof\tDecember\t31,\t2020\tand\t2019\n,\n\twe\nhad\t$\n42\n\tmillion\n\tand\t$\n238\n\tmillion,\trespectively,\tof\tsuch\tborrowings\trecorded\tin\taccrued\tliabilities\tand\tother\tand\tother\tlong-term\tliabilities\tand\t$\n11\n\t\nmillion\n\tand\n$\n29\n\tmillion,\trespectively,\trecorded\tin\tdeferred\trevenue\tliability.\tFor\tthe\tyears\tended\tDecember\t31,\t2020,\t2019\tand\t2018,\twe\trecognized\t$\n77\n\tmillion,\t$\n186\nmillion\tand\t$\n332\n\tmillion,\trespectively,\tof\tleasing\trevenue\trelated\tto\tthis\tprogram.\tThe\tnet\tcarrying\tamount\tof\toperating\tlease\tvehicles\tunder\tthis\tprogram\twas\n$\n43\n\tmillion\tand\t$\n190\n\tmillion,\trespectively,\tas\tof\tDecember\t31,\t2020\tand\t2019.\n63"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d79b88-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 63, "chroma:document": "Direct\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\tin\tcertain\ncountries\tin\tAsia\tand\tEurope,\twhich\twe\tintroduced\tin\tvolume\tduring\tthe\tthird\tquarter\tof\t2020.\tDepending\ton\tthe\tspecific\tprogram,\tcustomers\tmay\tor\tmay\tnot\nhave\ta\tright\tto\treturn\tthe\tvehicle\tto\tus\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\nvehicle\tat\tthe\tend\tof\tthe\tlease\tterm\tafter\tmaking\tall\tcontractual\tpayments.\tUnder\tthe\tprograms\tfor\twhich\tthere\tis\ta\tright\tto\treturn,\tthe\tpurchase\toption\tis\nreasonably\tcertain\tto\tbe\texercised\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\ncontractual\tpayments.\tQualifying\tcustomers\tare\tpermitted\tto\tlease\ta\tvehicle\tdirectly\tunder\tthese\tprograms\tfor\tup\tto\t\n48\n\tmonths.\tOur\tloan\tarrangements\tunder\nthese\tprograms\tcan\thave\tterms\tfor\tup\tto\t\n72\n\tmonths.\tWe\trecognize\tall\trevenue\tand\tcosts\tassociated\twith\tthe\tsales-type\tlease\tas\tautomotive\tleasing\trevenue\tand\nautomotive\tleasing\tcost\tof\trevenue,\trespectively,\tupon\tdelivery\tof\tthe\tvehicle\tto\tthe\tcustomer.\tInterest\tincome\tbased\ton\tthe\timplicit\trate\tin\tthe\tlease\tis\trecorded\nto\tautomotive\tleasing\trevenue\tover\ttime\tas\tcustomers\tare\tinvoiced\ton\ta\tmonthly\tbasis.\t\nFor\tthe\tyear\tended\tDecember\t31,\t2020,\twe\trecognized\t$\n120\n\tmillion\tof\nsales-type\tleasing\trevenue\tand\t$\n87\n\tmillion\tof\tsales-type\tleasing\tcost\tof\trevenue.\t\t\t\nServices\tand\tOther\tRevenue"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d79be2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 63, "chroma:document": "Services\tand\tOther\tRevenue\nServices\tand\tother\trevenue\tconsists\tof\tnon-warranty\tafter-sales\tvehicle\tservices,\tsales\tof\tused\tvehicles,\tretail\tmerchandise,\tsales\tby\tour\tacquired\nsubsidiaries\tto\tthird\tparty\tcustomers,\tand\tvehicle\tinsurance\trevenue.\nRevenues\trelated\tto\trepair\tand\tmaintenance\tservices\tare\trecognized\tover\ttime\tas\tservices\tare\tprovided\tand\textended\tservice\tplans\tare\trecognized\tover\nthe\tperformance\tperiod\tof\tthe\tservice\tcontract\tas\tthe\tobligation\trepresents\ta\tstand-ready\tobligation\tto\tthe\tcustomer.\tWe\tsell\tused\tvehicles,\tservices,\tservice\nplans,\tvehicle\tcomponents\tand\tmerchandise\tseparately\tand\tthus\tuse\tstandalone\tselling\tprices\tas\tthe\tbasis\tfor\trevenue\tallocation\tto\tthe\textent\tthat\tthese\titems\nare\tsold\tin\ttransactions\twith\tother\tperformance\tobligations.\tPayment\tfor\tused\tvehicles,\tservices,\tand\tmerchandise\tare\ttypically\treceived\tat\tthe\tpoint\twhen\ncontrol\ttransfers\tto\tthe\tcustomer\tor\tin\taccordance\twith\tpayment\tterms\tcustomary\tto\tthe\tbusiness.\tPayments\treceived\tfor\tprepaid\tplans\tare\trefundable\tupon\ncustomer\tcancellation\tof\tthe\trelated\tcontracts\tand\tare\tincluded\twithin\tcustomer\tdeposits\ton\tthe\tconsolidated\tbalance\tsheets.\tDeferred\trevenue\trelated\tto\nservices\tand\tother\trevenue\twas\timmaterial\tas\tof\tDecember\t31,\t2020\tand\t2019.\n\t\nEnergy\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\tcommercial,\nand\tlarge\tcommercial\tand\tutility\tgrade\tcustomers.\tEnergy\tgeneration\tand\tstorage\tsales\trevenue\talso\tincludes\trevenue\tfrom\tagreements\tfor\tsolar\tenergy\nsystems\tand\tpower\tpurchase\tagreements\t(\u201cPPAs\u201d)\tthat\tcommence\tafter\tJanuary\t1,\t2019,\twhich\tis\trecognized\tas\tearned,\tbased\ton\tthe\tamount\tof\tcapacity"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d79c3c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 63, "chroma:document": "provided\tfor\tsolar\tenergy\tsystems\tor\telectricity\tdelivered\tfor\tPPAs\tat\tthe\tcontractual\tbilling\trates,\tassuming\tall\tother\trevenue\trecognition\tcriteria\thave\tbeen\nmet.\tUnder\tthe\tpractical\texpedient\tavailable\tunder\tASC\t606-10-55-18,\twe\trecognize\trevenue\tbased\ton\tthe\tvalue\tof\tthe\tservice\twhich\tis\tconsistent\twith\tthe\nbilling\tamount.\tSales\tof\tsolar\tenergy\tsystems\tto\tresidential\tand\tsmall\tscale\tcommercial\tcustomers\tconsist\tof\tthe\tengineering,\tdesign,\tand\tinstallation\tof\tthe\nsystem.\tPost\tinstallation,\tresidential\tand\tsmall\tscale\tcommercial\tcustomers\treceive\ta\tproprietary\tmonitoring\tsystem\tthat\tcaptures\tand\tdisplays\thistorical\tenergy\ngeneration\tdata.\tResidential\tand\tsmall\tscale\tcommercial\tcustomers\tpay\tthe\tfull\tpurchase\tprice\tof\tthe\tsolar\tenergy\tsystem\tupfront.\tRevenue\tfor\tthe\tdesign\tand\ninstallation\tobligation\tis\trecognized\twhen\tcontrol\ttransfers,\twhich\tis\twhen\twe\tinstall\ta\tsolar\tenergy\tsystem\tand\tthe\tsystem\tpasses\tinspection\tby\tthe\tutility\tor\nthe\tauthority\thaving\tjurisdiction.\tRevenue\tfor\tthe\tmonitoring\tservice\tis\trecognized\tratably\tas\ta\tstand-ready\tobligation\tover\tthe\twarranty\tperiod\tof\tthe\tsolar\nenergy\tsystem.\t\nSales\tof\tenergy\tstorage\tsystems\tto\tresidential\tand\tsmall\tscale\tcommercial\tcustomers\tconsist\tof\tthe\tinstallation\tof\tthe\tenergy\tstorage\tsystem\tand\nrevenue\tis\trecognized\twhen\tcontrol\ttransfers,\twhich\tis\twhen\tthe\tproduct\thas\tbeen\tdelivered\tor,\tif\twe\tare\tperforming\tinstallation,\twhen\tinstalled\tand\ncommissioned.\tPayment\tfor\tsuch\tstorage\tsystems\tis\tmade\tupon\tinvoice\tor\tin\taccordance\twith\tpayment\tterms\tcustomary\tto\tthe\tbusiness.\nFor\tlarge\tcommercial\tand\tutility\tgrade\tsolar\tenergy\tsystem\tand\tenergy\tstorage\tsystem\tsales\twhich\tconsist\tof\tthe\tengineering,\tdesign,\tand\tinstallation\tof\nthe\tsystem,\tcustomers\tmake\tmilestone\tpayments\tthat\tare\tconsistent\twith\tcontract-specific\tphases\tof\ta\tproject.\tRevenue\tfrom\tsuch\tcontracts\tis\trecognized\tover"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d79c96-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 63, "chroma:document": "time\tusing\tthe\tpercentage\tof\tcompletion\tmethod\tbased\ton\tcost\tincurred\tas\ta\tpercentage\tof\ttotal\testimated\tcontract\tcosts\n\tfor\tenergy\tstorage\tsystem\tsales\tand\tas\na\tpercentage\tof\ttotal\testimated\tlabor\thours\tfor\tsolar\tenergy\tsystem\tsales\n.\tCertain\tlarge-scale\tcommercial\tand\tutility\tgrade\tsolar\tenergy\tsystem\tand\tenergy\nstorage\tsystem\tsales\talso\tinclude\toperations\tand\tmaintenance\tservice\twhich\tare\tnegotiated\twith\tthe\tdesign\tand\tinstallation\tcontracts\tand\tare\tthus\tconsidered\nto\tbe\ta\tcombined\tcontract\twith\tthe\tdesign\tand\tinstallation\tservice.\tFor\tcertain\tlarge\tcommercial\tand\tutility\tgrade\tsolar\tenergy\tsystems\tand\tenergy\tstorage\nsystems\twhere\tthe\tpercentage\tof\tcompletion\tmethod\tdoes\tnot\tapply,\t\nrevenue\tis\trecognized\twhen\tcontrol\ttransfers,\twhich\tis\twhen\tthe\tproduct\thas\tbeen\ndelivered\tto\tthe\tcustomer\tand\tcommissioned\tfor\tenergy\tstorage\tsystems\tand\twhen\tthe\tproject\thas\treceived\tpermission\tto\toperate\tfrom\tthe\tutility\tfor\tsolar\nenergy\tsystems.\t\nOperations\tand\tmaintenance\tservice\trevenue\tis\trecognized\tratably\tover\tthe\trespective\tcontract\tterm\n\tfor\tsolar\tenergy\tsystem\tsales\tand\tupon\ndelivery\tof\tthe\tservice\tfor\tenergy\tstorage\tsystem\tsales\n.\tCustomer\tpayments\tfor\tsuch\tservices\tare\tusually\tpaid\tannually\tor\tquarterly\tin\tadvance.\n64"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d79cf0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 64, "chroma:document": "In\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\tusing\tmarket\ndata\tfor\tcomparable\tproducts.\tCosts\tincurred\ton\tthe\tsale\tof\tresidential\tinstallations\tbefore\tthe\tsolar\tenergy\tsystems\tare\tcompleted\tare\tincluded\tas\twork\tin\nprocess\twithin\tinventory\tin\tthe\tconsolidated\tbalance\tsheets.\t\nA\nny\tfees\tthat\tare\tpaid\tor\tpayable\tby\tus\tto\ta\tsolar\tloan\tlender\twould\tbe\trecognized\tas\tan\toffset\nagainst\trevenue.\tCosts\tto\tobtain\ta\tcontract\trelate\tmainly\tto\tcommissions\tpaid\tto\tour\tsales\tpersonnel\trelated\tto\tthe\tsale\tof\tsolar\tenergy\tsystems\tand\tenergy\nstorage\tsystems.\tAs\tour\tcontract\tcosts\trelated\tto\tsolar\tenergy\tsystem\tand\tenergy\tstorage\tsystem\tsales\tare\ttypically\tfulfilled\twithin\tone\tyear,\tthe\tcosts\tto\tobtain\na\tcontract\tare\texpensed\tas\tincurred.\nAs\tpart\tof\tour\tsolar\tenergy\tsystem\tand\tenergy\tstorage\tsystem\tcontracts,\twe\tmay\tprovide\tthe\tcustomer\twith\tperformance\tguarantees\tthat\twarrant\tthat\nthe\tunderlying\tsystem\twill\tmeet\tor\texceed\tthe\tminimum\tenergy\tgeneration\tor\tenergy\tperformance\trequirements\tspecified\tin\tthe\tcontract.\tIn\tcertain\tinstances,\nwe\tmay\treceive\ta\tbonus\tpayment\tif\tthe\tsystem\tperforms\tabove\ta\tspecified\tlevel.\tConversely,\tif\ta\tsolar\tenergy\tsystem\tor\tenergy\tstorage\tsystem\tdoes\tnot\tmeet\nthe\tperformance\tguarantee\trequirements,\twe\tmay\tbe\trequired\tto\tpay\tliquidated\tdamages.\tOther\tforms\tof\tvariable\tconsideration\trelated\tto\tour\tlarge\tcommercial\nand\tutility\tgrade\tsolar\tenergy\tsystem\tand\tenergy\tstorage\tsystem\tcontracts\tinclude\tvariable\tcustomer\tpayments\tthat\twill\tbe\tmade\tbased\ton\tour\tenergy\tmarket"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d79d54-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 64, "chroma:document": "participation\tactivities.\tSuch\tguarantees\tand\tvariable\tcustomer\tpayments\trepresent\ta\tform\tof\tvariable\tconsideration\tand\tare\testimated\tat\tcontract\tinception\tat\ntheir\tmost\tlikely\tamount\tand\tupdated\tat\tthe\tend\tof\teach\treporting\tperiod\tas\tadditional\tperformance\tdata\tbecomes\tavailable.\tSuch\testimates\tare\tincluded\tin\tthe\ntransaction\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\tand\tremote\nmonitoring\tservice\tand\toperations\tand\tmaintenance\tservice,\twhich\tis\trecognized\tas\trevenue\tratably\tover\tthe\trespective\tcustomer\tcontract\tterm.\tAs\tof\nDecember\t31,\t2020\tand\t2019,\tdeferred\trevenue\trelated\tto\tsuch\tcustomer\tpayments\tamounted\tto\t$\n187\n\tmillion\tand\t$\n156\n\tmillion,\trespectively.\tRevenue\nrecognized\tfrom\tthe\tdeferred\trevenue\tbalance\tas\tof\tDecember\t31,\t2019\twas\t$\n34\n\tmillion\tfor\tthe\tyear\tended\tDecember\t31,\t2020.\t\nRevenue\trecognized\tfrom\tthe\ndeferred\trevenue\tbalance\tas\tof\tDecember\t31,\t2018\twas\t$\n41\n\tmillion\tfor\tthe\tyear\tended\tDecember\t31,\t2019.\t\nWe\thave\telected\tthe\tpractical\texpedient\tto\tomit\ndisclosure\tof\tthe\tamount\tof\tthe\ttransaction\tprice\tallocated\tto\tremaining\tperformance\tobligations\tfor\tenergy\tgeneration\tand\tstorage\tsales\twith\tan\toriginal\nexpected\tcontract\tlength\tof\tone\tyear\tor\tless\tand\tthe\tamount\tthat\twe\thave\tthe\tright\tto\tinvoice\twhen\tthat\tamount\tcorresponds\tdirectly\twith\tthe\tvalue\tof\tthe\nperformance\tto\tdate.\tAs\tof\tDecember\t31,\t2020,\ttotal\ttransaction\tprice\tallocated\tto\tperformance\tobligations\tthat\twere\tunsatisfied\tor\tpartially\tunsatisfied\tfor\ncontracts\twith\tan\toriginal\texpected\tlength\tof\tmore\tthan\tone\tyear\twas\t$\n100"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d79da4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 64, "chroma:document": "100\n\tmillion.\tOf\tthis\tamount,\twe\texpect\tto\trecognize\t$\n6\n\tmillion\tin\tthe\tnext\t12\tmonths\tand\nthe\tremaining\tover\ta\tperiod\tup\tto\t\n27\n\tyears.\nEnergy\tGeneration\tand\tStorage\tLeasing\nFor\trevenue\tarrangements\twhere\twe\tare\tthe\tlessor\tunder\toperating\tlease\tagreements\tfor\t\nenergy\tgeneration\tand\tstorage\tproducts\n,\twe\trecord\tlease\nrevenue\tfrom\tminimum\tlease\tpayments,\tincluding\tupfront\trebates\tand\tincentives\tearned\tfrom\tsuch\tsystems,\ton\ta\tstraight-line\tbasis\tover\tthe\tlife\tof\tthe\tlease\nterm,\tassuming\tall\tother\trevenue\trecognition\tcriteria\thave\tbeen\tmet.\tThe\tdifference\tbetween\tthe\tpayments\treceived\tand\tthe\trevenue\trecognized\tis\trecorded\tas\ndeferred\trevenue\tor\tdeferred\tasset\ton\tthe\tconsolidated\tbalance\tsheet.\nFor\tsolar\tenergy\tsystems\twhere\tcustomers\tpurchase\telectricity\tfrom\tus\tunder\tPPAs\tprior\tto\tJanuary\t1,\t2019,\twe\thave\tdetermined\tthat\tthese\tagreements\nshould\tbe\taccounted\tfor\tas\toperating\tleases\tpursuant\tto\tASC\t840.\tRevenue\tis\trecognized\tbased\ton\tthe\tamount\tof\telectricity\tdelivered\tat\trates\tspecified\tunder\nthe\tcontracts,\tassuming\tall\tother\trevenue\trecognition\tcriteria\tare\tmet.\nWe\trecord\tas\tdeferred\trevenue\tany\tamounts\tthat\tare\tcollected\tfrom\tcustomers,\tincluding\tlease\tprepayments,\tin\texcess\tof\trevenue\trecognized\tand\noperations\tand\tmaintenance\tservice\tfees,\twhich\tis\trecognized\tas\trevenue\tratably\tover\tthe\trespective\tcustomer\tcontract\tterm.\tAs\tof\tDecember\t31,\t2020\tand\n2019,\tdeferred\trevenue\trelated\tto\tsuch\tcustomer\tpayments\tamounted\tto\t$\n206\n\tmillion\tand\t$\n226\n\tmillion,\trespectively.\tDeferred\trevenue\talso\tincludes\tthe\tportion\nof\trebates\tand\tincentives\treceived\tfrom\tutility\tcompanies\tand\tvarious\tlocal\tand\tstate\tgovernment\tagencies,\twhich\tis\trecognized\tas\trevenue\tover\tthe\tlease\tterm."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d79e08-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 64, "chroma:document": "As\tof\tDecember\t31,\t2020\tand\t2019,\tdeferred\trevenue\tfrom\trebates\tand\tincentives\tamounted\tto\t$\n29\n\tmillion\tand\t$\n36\n\tmillion,\trespectively.\nWe\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.\n65"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d79e62-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 65, "chroma:document": "Cost\tof\tRevenues\nAutomotive\tSegment\nAutomotive\tSales\nCost\tof\tautomotive\tsales\trevenue\tincludes\tdirect\tparts,\tmaterial\tand\tlabor\tcosts,\tmanufacturing\toverhead,\tincluding\tdepreciation\tcosts\tof\ttooling\tand\nmachinery,\tshipping\tand\tlogistic\tcosts,\tvehicle\tconnectivity\tcosts,\tallocations\tof\telectricity\tand\tinfrastructure\tcosts\trelated\tto\tour\tSupercharger\tnetwork,\tand\nreserves\tfor\testimated\twarranty\texpenses.\tCost\tof\tautomotive\tsales\trevenues\talso\tincludes\tadjustments\tto\twarranty\texpense\tand\tcharges\tto\twrite\tdown\tthe\ncarrying\tvalue\tof\tour\tinventory\twhen\tit\texceeds\tits\testimated\tnet\trealizable\tvalue\tand\tto\tprovide\tfor\tobsolete\tand\ton-hand\tinventory\tin\texcess\tof\tforecasted\ndemand\n.\nAutomotive\tLeasing\nCost\tof\tautomotive\tleasing\trevenue\tincludes\tthe\tamortization\tof\toperating\tlease\tvehicles\tover\tthe\tlease\tterm,\tcost\tof\tgoods\tsold\tassociated\twith\tdirect\nsales-type\tleases,\tas\twell\tas\twarranty\texpenses\trelated\tto\tleased\tvehicles.\tCost\tof\tautomotive\tleasing\trevenue\talso\tincludes\tvehicle\tconnectivity\tcosts\tand\nallocations\tof\telectricity\tand\tinfrastructure\tcosts\trelated\tto\tour\tSupercharger\tnetwork\tfor\tvehicles\tunder\tour\tleasing\tprograms.\nServices\tand\tOther\nCosts\tof\tservices\tand\tother\trevenue\tincludes\tcosts\tassociated\twith\tproviding\tnon-warranty\tafter-sales\t\nservices\n,\tcosts\tto\tacquire\tand\tcertify\tused\nvehicles,\tcosts\tfor\tretail\tmerchandise,\tand\tcosts\tto\tprovide\tvehicle\tinsurance.\tCost\tof\tservices\tand\tother\trevenue\talso\tincludes\tdirect\tparts,\tmaterial\tand\tlabor\ncosts,\tmanufacturing\toverhead\tassociated\twith\tthe\tsales\tby\tour\tacquired\tsubsidiaries\tto\tthird\tparty\tcustomers\n.\nEnergy\tGeneration\tand\tStorage\tSegment\nEnergy\tGeneration\tand\tStorage\nCost\tof"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d79ebc-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 65, "chroma:document": "Energy\tGeneration\tand\tStorage\nCost\tof\t\nenergy\tgeneration\tand\tstorage\trevenue\tincludes\tdirect\tand\tindirect\tmaterial\tand\tlabor\tcosts,\twarehouse\trent,\tfreight,\twarranty\texpense,\tother\noverhead\tcosts\tand\tamortization\tof\tcertain\tacquired\tintangible\tassets.\t\nCost\tof\tenergy\tgeneration\tand\tstorage\trevenue\talso\tincludes\tcharges\tto\twrite\tdown\tthe\ncarrying\tvalue\tof\tour\tinventory\twhen\tit\texceeds\tits\testimated\tnet\trealizable\tvalue\tand\tto\tprovide\tfor\tobsolete\tand\ton-hand\tinventory\tin\texcess\tof\tforecasted\ndemand.\t\nIn\tagreements\tfor\tsolar\tenergy\tsystem\tand\tPPAs\twhere\twe\tare\tthe\tlessor,\tthe\tcost\tof\trevenue\tis\tprimarily\tcomprised\tof\tdepreciation\tof\tthe\tcost\tof\nleased\tsolar\tenergy\tsystems,\tmaintenance\tcosts\tassociated\twith\tthose\tsystems\tand\tamortization\tof\tany\tinitial\tdirect\tcosts.\n\t\nLeases\nWe\tadopted\tASC\t842,\t\nLeases\n,\tas\tof\tJanuary\t1,\t2019\tusing\tthe\tcumulative\teffect\tadjustment\tapproach\t(\u201cadoption\tof\tthe\tnew\tlease\tstandard\u201d).\tIn\taddition,\nwe\telected\tthe\tpackage\tof\tpractical\texpedients\tpermitted\tunder\tthe\ttransition\tguidance\twithin\tthe\tnew\tstandard,\twhich\tallowed\tus\tto\tcarry\tforward\tthe\thistorical\ndetermination\tof\tcontracts\tas\tleases,\tlease\tclassification\tand\tnot\treassess\tinitial\tdirect\tcosts\tfor\thistorical\tlease\tarrangements.\tAccordingly,\tpreviously\treported\nfinancial\tstatements,\tincluding\tfootnote\tdisclosures,\thave\tnot\tbeen\trecast\tto\treflect\tthe\tapplication\tof\tthe\tnew\tstandard\tto\tall\tcomparative\tperiods\tpresented.\tThe\nfinance\tlease\tclassification\tunder\tASC\t842\tincludes\tleases\tpreviously\tclassified\tas\tcapital\tleases\tunder\tASC\t840.\nResearch\tand\tDevelopment\tCosts\nResearch\tand\tdevelopment\tcosts\tare\texpensed\tas\tincurred.\nMarketing,\tPromotional\tand\tAdvertising\tCosts"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d79f16-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 65, "chroma:document": "Marketing,\tPromotional\tand\tAdvertising\tCosts\nMarketing,\tpromotional\tand\tadvertising\tcosts\tare\texpensed\tas\tincurred\tand\tare\tincluded\tas\tan\telement\tof\tselling,\tgeneral\tand\tadministrative\texpense\tin\nthe\tconsolidated\tstatement\tof\toperations.\tMarketing,\tpromotional\tand\tadvertising\tcosts\twere\timmaterial\tfor\t\t\t\t\t\t\tthe\tyears\tended\tDecember\t31,\t2020,\t2019\tand\n2018.\nIncome\tTaxes\nIncome\ttaxes\tare\tcomputed\tusing\tthe\tasset\tand\tliability\tmethod,\tunder\twhich\tdeferred\ttax\tassets\tand\tliabilities\tare\tdetermined\tbased\ton\tthe\tdifference\nbetween\tthe\tfinancial\tstatement\tand\ttax\tbases\tof\tassets\tand\tliabilities\tusing\tenacted\ttax\trates\tin\teffect\tfor\tthe\tyear\tin\twhich\tthe\tdifferences\tare\texpected\tto\naffect\ttaxable\tincome.\tValuation\tallowances\tare\testablished\twhen\tnecessary\tto\treduce\tdeferred\ttax\tassets\tto\tthe\tamount\texpected\tto\tbe\trealized.\n66"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d79fde-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 66, "chroma:document": "We\trecord\tliabilities\trelated\tto\tuncertain\ttax\tpositions\twhen,\tdespite\tour\tbelief\tthat\tour\ttax\treturn\tpositions\tare\tsupportable,\twe\tbelieve\tthat\tit\tis\tmore\nlikely\tthan\tnot\tthat\tthose\tpositions\tmay\tnot\tbe\tfully\tsustained\tupon\treview\tby\ttax\tauthorities.\tAccrued\tinterest\tand\tpenalties\trelated\tto\tunrecognized\ttax\nbenefits\tare\tclassified\tas\tincome\ttax\texpense.\nThe\tTax\tCuts\tand\tJobs\tAct\t(\"TCJA\")\tsubjects\ta\tU.S.\tshareholder\tto\ttax\ton\tglobal\tintangible\tlow-taxed\tincome\t(\u201cGILTI\u201d)\tearned\tby\tcertain\tforeign\nsubsidiaries.\tUnder\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\ton\tour\tconsolidated\tbalance\tsheets,\tcurrently\tsubject\tto\tvaluation\tallowance.\t\t\n\t\t\nComprehensive\tIncome\t(Loss)\nComprehensive\tincome\t(loss)\tis\tcomprised\tof\tnet\tincome\t(loss)\tand\tother\tcomprehensive\tincome\t(loss).\tOther\tcomprehensive\t\nincome\n\t(loss)\tconsists\tof\nforeign\tcurrency\ttranslation\tadjustments\tthat\thave\tbeen\texcluded\tfrom\tthe\tdetermination\tof\tnet\tincome\t(loss).\nStock-Based\tCompensation\nWe\trecognize\tcompensation\texpense\tfor\tcosts\trelated\tto\tall\tshare-based\tpayments,\tincluding\tstock\toptions,\trestricted\tstock\tunits\t(\u201cRSUs\u201d)\tand\tour\nemployee\tstock\tpurchase\tplan\t(the\t\u201cESPP\u201d).\tThe\tfair\tvalue\tof\tstock\toption\tawards\twith\tonly\tservice\tand/or\tperformance\tconditions\tis\testimated\ton\tthe\tgrant\tor\noffering\tdate\tusing\tthe\tBlack-Scholes\toption-pricing\tmodel.\tThe\tfair\tvalue\tof\tRSUs\tis\tmeasured\ton\tthe\tgrant\tdate\tbased\ton\tthe\tclosing\tfair\tmarket\tvalue\tof\tour"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7a042-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 66, "chroma:document": "common\tstock.\tStock-based\tcompensation\texpense\tis\trecognized\ton\ta\tstraight-line\tbasis\tover\tthe\trequisite\tservice\tperiod,\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.\tFor\tperformance-based\tawards\twith\ta\tvesting\nschedule\tbased\tentirely\ton\tthe\tattainment\tof\tboth\tperformance\tand\tmarket\tconditions,\tstock-based\tcompensation\texpense\tassociated\twith\teach\ttranche\tis\nrecognized\tover\tthe\tlonger\tof\t(i)\tthe\texpected\tachievement\tperiod\tfor\tthe\toperational\tmilestone\tfor\tsuch\ttranche\tand\t(ii)\tthe\texpected\tachievement\tperiod\tfor\nthe\trelated\tmarket\tcapitalization\tmilestone\tdetermined\ton\tthe\tgrant\tdate,\tbeginning\tat\tthe\tpoint\tin\ttime\twhen\tthe\trelevant\toperational\tmilestone\tis\tconsidered\nprobable\tof\tbeing\tachieved.\tIf\tsuch\toperational\tmilestone\tbecomes\tprobable\tany\ttime\tafter\tthe\tgrant\tdate,\twe\twill\trecognize\ta\tcumulative\tcatch-up\texpense\nfrom\tthe\tgrant\tdate\tto\tthat\tpoint\tin\ttime.\tIf\tthe\trelated\tmarket\tcapitalization\tmilestone\tis\tachieved\tearlier\tthan\tits\texpected\tachievement\tperiod\tand\tthe\nachievement\tof\tthe\trelated\toperational\tmilestone,\tthen\tthe\tstock-based\tcompensation\texpense\twill\tbe\trecognized\tover\tthe\texpected\tachievement\tperiod\tfor\tthe\noperational\tmilestone,\twhich\tmay\taccelerate\tthe\trate\tat\twhich\tsuch\texpense\tis\trecognized.\tThe\tfair\tvalue\tof\tsuch\tawards\tis\testimated\ton\tthe\tgrant\tdate\tusing\nMonte\tCarlo\tsimulations\t(see\tNote\t14,\t\nEquity\tIncentive\tPlans\n).\nAs\twe\taccumulate\tadditional\temployee\tstock-based\tawards\tdata\tover\ttime\tand\tas\twe\tincorporate\tmarket\tdata\trelated\tto\tour\tcommon\tstock,\twe\tmay"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7a09c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 66, "chroma:document": "calculate\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\tdevelopment\nexpense\tand\tselling,\tgeneral\tand\tadministrative\texpense\tin\tthe\tconsolidated\tstatements\tof\toperations.\n67"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7a0f6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 67, "chroma:document": "Noncontrolling\tInterests\tand\tRedeemable\tNoncontrolling\tInterests\nNoncontrolling\tinterests\tand\tredeemable\tnoncontrolling\tinterests\trepresent\tthird-party\tinterests\tin\tthe\tnet\tassets\tunder\tcertain\tfunding\tarrangements,\nor\tfunds,\tthat\twe\tenter\tinto\tto\tfinance\tthe\tcosts\tof\tsolar\tenergy\tsystems\tand\tvehicles\tunder\toperating\tleases.\tWe\thave\tdetermined\tthat\tthe\tcontractual\nprovisions\tof\tthe\tfunds\trepresent\tsubstantive\tprofit\tsharing\tarrangements.\tWe\thave\tfurther\tdetermined\tthat\tthe\tmethodology\tfor\tcalculating\tthe\tnoncontrolling\ninterest\tand\tredeemable\tnoncontrolling\tinterest\tbalances\tthat\treflects\tthe\tsubstantive\tprofit\tsharing\tarrangements\tis\ta\tbalance\tsheet\tapproach\tusing\tthe\nhypothetical\tliquidation\tat\tbook\tvalue\t(\u201cHLBV\u201d)\tmethod.\tWe,\ttherefore,\tdetermine\tthe\tamount\tof\tthe\tnoncontrolling\tinterests\tand\tredeemable\tnoncontrolling\ninterests\tin\tthe\tnet\tassets\tof\tthe\tfunds\tat\teach\tbalance\tsheet\tdate\tusing\tthe\tHLBV\tmethod,\twhich\tis\tpresented\ton\tthe\tconsolidated\tbalance\tsheet\tas\nnoncontrolling\tinterests\tin\tsubsidiaries\tand\tredeemable\tnoncontrolling\tinterests\tin\tsubsidiaries.\tUnder\tthe\tHLBV\tmethod,\tthe\tamounts\treported\tas\nnoncontrolling\tinterests\tand\tredeemable\tnoncontrolling\tinterests\tin\tthe\tconsolidated\tbalance\tsheet\trepresent\tthe\tamounts\tthe\tthird\tparties\twould\nhypothetically\treceive\tat\teach\tbalance\tsheet\tdate\tunder\tthe\tliquidation\tprovisions\tof\tthe\tfunds,\tassuming\tthe\tnet\tassets\tof\tthe\tfunds\twere\tliquidated\tat\ttheir\nrecorded\tamounts\tdetermined\tin\taccordance\twith\tGAAP\tand\twith\ttax\tlaws\teffective\tat\tthe\tbalance\tsheet\tdate\tand\tdistributed\tto\tthe\tthird\tparties.\tThe\tthird\nparties\u2019\tinterests\tin\tthe\tresults\tof\toperations\tof\tthe\tfunds\tare\tdetermined\tas\tthe\tdifference\tin\tthe\tnoncontrolling\tinterest\tand\tredeemable\tnoncontrolling\tinterest"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7a150-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 67, "chroma:document": "balances\tin\tthe\tconsolidated\tbalance\tsheets\tbetween\tthe\tstart\tand\tend\tof\teach\treporting\tperiod,\tafter\ttaking\tinto\taccount\tany\tcapital\ttransactions\tbetween\tthe\nfunds\tand\tthe\tthird\tparties.\tHowever,\tthe\tredeemable\tnoncontrolling\tinterest\tbalance\tis\tat\tleast\tequal\tto\tthe\tredemption\tamount.\tThe\tredeemable\nnoncontrolling\tinterest\tbalance\tis\tpresented\tas\ttemporary\tequity\tin\tthe\tmezzanine\tsection\tof\tthe\tconsolidated\tbalance\tsheet\tsince\tthese\tthird\tparties\thave\tthe\nright\tto\tredeem\ttheir\tinterests\tin\tthe\tfunds\tfor\tcash\tor\tother\tassets.\tFor\tcertain\tfunds,\tthere\tmay\tbe\tsignificant\tfluctuations\tin\tthe\tending\tbalance\tof\tredeemable\nnoncontrolling\tinterest\tin\tsubsidiaries\tand\tnet\tincome\t(loss)\tattributable\tto\tnoncontrolling\tinterests\tand\tredeemable\tnoncontrolling\tinterests\tin\tsubsidiaries\tdue\nto\tchanges\tin\tthe\tliquidation\tprovisions\tas\ttime-based\tmilestones\tare\treached.\nNet\tIncome\t(Loss)\tper\tShare\tof\tCommon\tStock\tAttributable\tto\tCommon\tStockholders\nBasic\tnet\tincome\t(loss)\tper\tshare\tof\tcommon\tstock\tattributable\tto\tcommon\tstockholders\tis\tcalculated\tby\tdividing\tnet\tincome\t(loss)\tattributable\tto\ncommon\tstockholders\tby\tthe\tweighted-average\tshares\tof\tcommon\tstock\toutstanding\tfor\tthe\tperiod.\tDuring\tthe\tyear\tended\tDecember\t31,\t2020,\twe\tdecreased\nnet\tincome\tattributable\tto\tcommon\tstockholders\tby\t$\n31\n\tmillion\t\nto\tarrive\tat\tthe\tnumerator\tused\tto\tcalculate\tnet\tincome\tper\tshare.\tDuring\tthe\tyear\t\nended\nDecember\t31,\t2019,\twe\tincreased\tnet\tloss\tattributable\tto\tcommon\tstockholders\tby\t$\n8\n\tmillion\tto\tarrive\tat\tthe\tnumerator\tused\tto\tcalculate\tnet\tloss\tper\tshare."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7a1aa-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 67, "chroma:document": "These\tadjustments\trepresent\tthe\tdifference\tbetween\tthe\tcash\twe\tpaid\tto\tthe\tfinancing\tfund\tinvestors\tfor\ttheir\tnoncontrolling\tinterest\tin\tour\tsubsidiaries\tand\nthe\tcarrying\tamount\tof\tthe\tnoncontrolling\tinterest\ton\tour\tconsolidated\tbalance\tsheets,\tin\taccordance\twith\tASC\t260,\t\nEarnings\tper\tShare\n.\tPotentially\tdilutive\nshares,\twhich\tare\tbased\ton\tthe\tweighted-average\tshares\tof\tcommon\tstock\tunderlying\toutstanding\tstock-based\tawards,\twarrants\tand\tconvertible\tsenior\tnotes\nusing\tthe\ttreasury\tstock\tmethod\tor\tthe\tif-converted\tmethod,\tas\tapplicable,\tare\tincluded\twhen\tcalculating\tdiluted\tnet\tincome\t(loss)\tper\tshare\tof\tcommon\tstock\nattributable\tto\tcommon\tstockholders\twhen\ttheir\teffect\tis\tdilutive.\tSince\twe\tintend\tto\tsettle\tor\thave\tsettled\tin\tcash\tthe\tprincipal\toutstanding\tunder\tour\t\n0.25\n%\nConvertible\tSenior\tNotes\tdue\tin\t\n2019\n\t(\u201c2019\tNotes\u201d),\t\n1.25\n%\tConvertible\tSenior\tNotes\tdue\tin\t\n2021\n\t(\u201c2021\tNotes\u201d),\t\n2.375\n%\tConvertible\tSenior\tNotes\tdue\tin\n2022\n\t(\u201c2022\tNotes\u201d),\t\n2024\n\tNotes\tand\tour\tsubsidiary\u2019s\t\n5.50\n%\tConvertible\tSenior\tNotes\tdue\tin\t\n2022\n,\t\nwe\tuse\tthe\ttreasury\tstock\tmethod\tapplied\tusing\tour\naverage\tshare\tprice\tduring\tthe\tperiod\twhen\tcalculating\ttheir\tpotential\tdilutive\teffect,\tif\tany\n.\tFurthermore,\tin\tconnection\twith\tthe\tofferings\tof\tour\tconvertible\nsenior\tnotes,\twe\tentered\tinto\tconvertible\tnote\thedges\tand\twarrants\t(see\tNote\t12,\t\nDebt\n).\tHowever,\tour\tconvertible\tnote\thedges\tare\tnot\tincluded\twhen\ncalculating\tpotentially\tdilutive\tshares\tsince\ttheir\teffect\tis\talways\tanti-dilutive."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7a204-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 67, "chroma:document": "Warrants\twhich\thave\ta\tstrike\tprice\tabove\tour\taverage\tshare\tprice\tduring\tthe\nperiod\twere\tout\tof\tthe\tmoney\tand\twere\tnot\tincluded\tin\tthe\ttables\tbelow.\tWarrants\twill\tbe\tincluded\tin\tthe\tweighted-average\tshares\tused\tin\tcomputing\tbasic\tnet\nincome\t(loss)\tper\tshare\tof\tcommon\tstock\tin\tthe\tperiod(s)\tthey\tare\tsettled.\n\t\nThe\tfollowing\ttable\tpresents\tthe\treconciliation\tof\tbasic\tto\tdiluted\tweighted\taverage\tshares\tused\tin\tcomputing\tnet\tincome\t(loss)\tper\tshare\tof\tcommon\nstock\tattributable\tto\tcommon\tstockholders,\tas\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit\t(in\tmillions):\n\t\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\n\t\n2018\n\t\nWeighted\taverage\tshares\tused\tin\tcomputing\n\t\t\tnet\tincome\t(loss)\tper\tshare\tof\tcommon\n\t\t\tstock,\tbasic\n\t\n\t\n933\n\t\n\t\n\t\n887\n\t\n\t\n\t\n853\n\t\nAdd:\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nStock-based\tawards\n\t\n\t\n66\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\u2014\n\t\nConvertible\tsenior\tnotes\n\t\n\t\n47\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\u2014\n\t\nWarrants\n\t\n\t\n37\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\u2014\n\t\nWeighted\taverage\tshares\tused\tin\tcomputing\n\t\t\tnet\tincome\t(loss)\tper\tshare\tof\tcommon\tstock,\n\t\t\tdiluted\n\t\n\t\n1,083\n\t\n\t\n\t\n887\n\t\n\t\n\t\n853\n\t\n68"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7a25e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 68, "chroma:document": "The\tfollowing\ttable\tpresents\tthe\tpotentially\tdilutive\tshares\tthat\twere\texcluded\tfrom\tthe\tcomputation\tof\tdiluted\tnet\tincome\t(loss)\tper\tshare\tof\tcommon\nstock\tattributable\tto\tcommon\tstockholders,\tbecause\ttheir\teffect\twas\tanti-dilutive\t(in\tmillions):\n\t\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\n\t\n2018\n\t\nStock-based\tawards\n\t\n\t\n2\n\t\n\t\n\t\n50\n\t\n\t\n\t\n50\n\t\nConvertible\tsenior\tnotes\n\t\n\t\n1\n\t\n\t\n\t\n5\n\t\n\t\n\t\n7\n\t\nWarrants\n\t\n\t\n\u2014\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n1\n\t\n\t\n\t\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\tfair\nvalue\tof\tthe\tassets\tgiven,\tequity\tinstruments\tissued\tand\tliabilities\tassumed\tat\tthe\tacquisition\tdate.\tCosts\tthat\tare\tdirectly\tattributable\tto\tthe\tacquisition\tare\nexpensed\tas\tincurred.\tIdentifiable\tassets\t(including\tintangible\tassets),\tliabilities\tassumed\t(including\tcontingent\tliabilities)\tand\tnoncontrolling\tinterests\tin\tan\nacquisition\tare\tmeasured\tinitially\tat\ttheir\tfair\tvalues\tat\tthe\tacquisition\tdate.\tWe\trecognize\tgoodwill\tif\tthe\tfair\tvalue\tof\tthe\ttotal\tpurchase\tconsideration\tand\tany\nnoncontrolling\tinterests\tis\tin\texcess\tof\tthe\tnet\tfair\tvalue\tof\tthe\tidentifiable\tassets\tacquired\tand\tthe\tliabilities\tassumed.\tWe\trecognize\ta\tbargain\tpurchase\tgain\nwithin\tother\tincome\t(expense),\tnet,\ton\tthe\tconsolidated\tstatement\tof\toperations\tif\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: c5d7a2b8-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 68, "chroma:document": "assumed\tis\tin\texcess\tof\tthe\tfair\tvalue\tof\tthe\ttotal\tpurchase\tconsideration\tand\tany\tnoncontrolling\tinterests.\tWe\tinclude\tthe\tresults\tof\toperations\tof\tthe\tacquired\nbusiness\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\tmoney\tmarket\tfunds.\nRestricted\tCash\nWe\tmaintain\tcertain\tcash\tbalances\trestricted\tas\tto\twithdrawal\tor\tuse.\tOur\trestricted\tcash\tis\tcomprised\tprimarily\tof\tcash\tas\tcollateral\tfor\tour\tsales\tto\nlease\tpartners\twith\ta\tresale\tvalue\tguarantee,\tletters\tof\tcredit,\treal\testate\tleases,\tinsurance\tpolicies,\tcredit\tcard\tborrowing\tfacilities\tand\tcertain\toperating\nleases.\tIn\taddition,\trestricted\tcash\tincludes\tcash\treceived\tfrom\tcertain\tfund\tinvestors\tthat\thave\tnot\tbeen\treleased\tfor\tuse\tby\tus\tand\tcash\theld\tto\tservice\tcertain\npayments\tunder\tvarious\tsecured\tdebt\tfacilities.\tWe\trecord\trestricted\tcash\tas\tother\tassets\tin\tthe\tconsolidated\tbalance\tsheets\tand\tdetermine\tcurrent\tor\tnon-\ncurrent\tclassification\tbased\ton\tthe\texpected\tduration\tof\tthe\trestriction.\nOur\ttotal\tcash\tand\tcash\tequivalents\tand\trestricted\tcash,\tas\tpresented\tin\tthe\tconsolidated\tstatements\tof\tcash\tflows,\twas\tas\tfollows\t(in\tmillions):\n\t\n\t\n\t\nDecember\t31,\n\t\n\t\nDecember\t31,\n\t\n\t\nDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\n\t\n2018\n\t\nCash\tand\tcash\tequivalents\n\t\n$\n19,384\n\t\n\t\n$\n6,268\n\t\n\t\n$\n3,686\n\t\nRestricted\tcash\tincluded\tin\tprepaid\texpenses\n\t\t\tand\tother\tcurrent\tassets\n\t\n\t\n238"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7a312-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 68, "chroma:document": "238\n\t\n\t\n\t\n246\n\t\n\t\n\t\n193\n\t\nRestricted\tcash\tincluded\tin\tother\tnon-current\tassets\n\t\n\t\n279\n\t\n\t\n\t\n269\n\t\n\t\n\t\n398\n\t\nTotal\tas\tpresented\tin\tthe\tconsolidated\tstatements\tof\tcash\tflows\n\t\n$\n19,901\n\t\n\t\n$\n6,783\n\t\n\t\n$\n4,277\n\t\n\t\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,\tgovernment\trebates\nalready\tpassed\tthrough\tto\tcustomers\tand\tmaintenance\tservices\ton\tvehicles\towned\tby\tleasing\tcompanies.\tWe\tprovide\tan\tallowance\tagainst\taccounts\treceivable\nfor\tthe\tamount\twe\texpect\tto\tbe\tuncollectible.\tWe\twrite-off\taccounts\treceivable\tagainst\tthe\tallowance\twhen\tthey\tare\tdeemed\tuncollectible.\n69"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7a36c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 69, "chroma:document": "Depending\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\tcertain\ncustomer\tpayments\tto\tclear\tthrough\tour\tbanking\tinstitutions\tand\treceipts\tof\tpayments\tfrom\tour\tfinancing\tpartners,\twhich\tcan\ttake\tup\tto\tapproximately\ttwo\nweeks\tbased\ton\tthe\tcontractual\tpayment\tterms\twith\tsuch\tpartners.\tOur\taccounts\treceivable\tbalances\tassociated\twith\tour\tsales\tof\tregulatory\tcredits,\twhich\tare\ntypically\ttransferred\tto\tother\tmanufacturers\tduring\tthe\tlast\tfew\tdays\tof\tthe\tquarter,\tis\tdependent\ton\tcontractual\tpayment\tterms.\t\nAdditionally,\tgovernment\nrebates\n\t\ncan\ttake\t\nup\tto\ta\t\nyear\n\tor\tmore\n\tto\tbe\tcollected\n\t\ndepending\ton\n\tthe\tcustomary\tprocessing\ttimelines\t\nof\n\tthe\t\nspecific\tjurisdictions\tissuing\tthem\n.\t\nThese\tvarious\nfactors\tmay\thave\ta\tsignificant\timpact\ton\tour\taccounts\treceivable\tbalance\tfrom\tperiod\tto\tperiod\n.\nMyPower\tCustomer\tNotes\tReceivable\nWe\thave\tcustomer\tnotes\treceivable\tunder\tthe\tlegacy\tMyPower\tloan\tprogram.\tMyPower\twas\toffered\tby\tone\tof\tour\tsubsidiaries\tto\tprovide\tresidential\ncustomers\twith\tthe\toption\tto\tfinance\tthe\tpurchase\tof\ta\tsolar\tenergy\tsystem\tthrough\ta\t\n30\n-year\tloan.\tThe\toutstanding\tbalances,\tnet\tof\tany\tallowance\tfor\tcredit\nlosses,\tare\tpresented\ton\tthe\tconsolidated\tbalance\tsheet\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.\tWe\tadopted\t\nASC\t326,\t\nFinancial\tInstruments\t\u2013\tCredit\tLosses\n,\t\non\tJanuary\t1,\t2020\ton\ta\tmodified\tretrospective\tbasis."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7a3c6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 69, "chroma:document": "Under\tASC\t326,\texpected\tcredit\tloss\tfor\tcustomer\tnotes\treceivable\tare\tmeasured\ton\ta\tcollective\tbasis\tand\tare\tdetermined\tas\tthe\tdifference\tbetween\tthe\namortized\tcost\tbasis\tand\tthe\tpresent\tvalue\tof\tcash\tflows\texpected\tto\tbe\tcollected.\tIn\tdetermining\texpected\tcredit\tlosses,\twe\tconsider\tour\thistorical\tlevel\tof\ncredit\tlosses,\tcurrent\teconomic\ttrends,\tand\treasonable\tand\tsupportable\tforecasts\tthat\taffect\tthe\tcollectability\tof\tthe\tfuture\tcash\tflows.\tWe\twrite-off\tcustomer\nnotes\treceivable\twhen\tthey\tare\tdeemed\tuncollectible\tand\tthe\tamount\tof\tpotentially\tuncollectible\tamounts\thas\tbeen\tinsignificant.\tUsing\ta\tmodified\tretrospective\napproach\tfor\tthe\timpact\tupon\tadoption,\twe\trecorded\tan\tincrease\tto\tthe\tallowance\tfor\tcredit\tlosses\tof\t$\n37\n\tmillion\ton\tJanuary\t1,\t2020,\twith\tan\toffset\tto\naccumulated\tdeficit.\tAs\tof\tDecember\t31,\t2020\tand\t2019,\tthe\ttotal\toutstanding\tbalance\tof\tMyPower\tcustomer\tnotes\treceivable,\tnet\tof\tallowance\tfor\tcredit\nlosses,\twas\t$\n334\n\tmillion\tand\t$\n402\n\tmillion,\trespectively,\tof\twhich\t$\n9\n\tmillion\twas\tdue\tin\tthe\tnext\t12\tmonths\tas\tof\tDecember\t31,\t2020\tand\t2019,\trespectively.\tAs\nof\tDecember\t31,\t2020,\tthe\tallowance\tfor\tcredit\tlosses\twas\t$\n45\n\tmillion.\tIn\taddition,\tthere\twere\t\nno\n\tmaterial\tnon-accrual\tor\tpast\tdue\tcustomer\tnotes\treceivable\tas\nof\tDecember\t31,\t2020.\nConcentration\tof\tRisk\nCredit\tRisk\nFinancial\tinstruments\tthat\tpotentially\tsubject\tus\tto\ta\tconcentration\tof\tcredit\trisk\tconsist\tof\tcash,\tcash\tequivalents,\trestricted\tcash,\taccounts\treceivable,"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7a420-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 69, "chroma:document": "convertible\tnote\thedges,\tand\tinterest\trate\tswaps.\tOur\tcash\tbalances\tare\tprimarily\tinvested\tin\tmoney\tmarket\tfunds\tor\ton\tdeposit\tat\thigh\tcredit\tquality\tfinancial\ninstitutions\tin\tthe\tU.S.\tThese\tdeposits\tare\ttypically\tin\texcess\tof\tinsured\tlimits.\tAs\tof\tDecember\t31,\t2020\tand\t2019,\t\nno\n\tentity\trepresented\t\n10\n%\tor\tmore\tof\tour\ntotal\taccounts\treceivable\tbalance.\tThe\trisk\tof\tconcentration\tfor\tour\tconvertible\tnote\thedges\tand\tinterest\trate\tswaps\tis\tmitigated\tby\ttransacting\twith\tseveral\nhighly-rated\tmultinational\tbanks.\nSupply\tRisk\nWe\tare\tdependent\ton\tour\tsuppliers,\tthe\tmajority\tof\twhich\tare\tsingle\tsource\tsuppliers,\tand\tthe\tinability\tof\tthese\tsuppliers\tto\tdeliver\tnecessary\ncomponents\tof\tour\tproducts\tin\ta\ttimely\tmanner\tat\tprices,\tquality\tlevels\tand\tvolumes\tacceptable\tto\tus,\tor\tour\tinability\tto\tefficiently\tmanage\tthese\tcomponents\nfrom\tthese\tsuppliers,\tcould\thave\ta\tmaterial\tadverse\teffect\ton\tour\tbusiness,\tprospects,\tfinancial\tcondition\tand\toperating\tresults.\nAlthough\tall\tof\tour\tmanufacturing\tfacilities\tare\toperational,\tand\twe\tcontinue\tto\tincrease\tour\toutput\tand\tadd\tadditional\tcapacity\tand\tare\tworking\twith\neach\tof\tour\tsuppliers\tand\tgovernment\tagencies\ton\tmeeting,\tramping\tand\tsustaining\tour\tproduction,\tour\tability\tto\tsustain\tthis\ttrajectory\tdepends,\tamong\tother\nthings,\ton\tthe\treadiness\tand\tsolvency\tof\tour\tsuppliers\tand\tvendors\tthrough\tany\tmacroeconomic\tfactors\tresulting\tfrom\tthe\tCOVID-19\tpandemic.\nInventory\tValuation\nInventories\tare\tstated\tat\tthe\tlower\tof\tcost\tor\tnet\trealizable\tvalue.\tCost\tis\tcomputed\tusing\tstandard\tcost\tfor\tvehicles\tand\tenergy\tstorage\tproducts,\twhich"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7a484-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 69, "chroma:document": "approximates\tactual\tcost\ton\ta\tfirst-in,\tfirst-out\tbasis.\tIn\taddition,\tcost\tfor\tsolar\tenergy\tsystems\tis\trecorded\tusing\tactual\tcost.\tWe\trecord\tinventory\twrite-downs\nfor\texcess\tor\tobsolete\tinventories\tbased\tupon\tassumptions\tabout\tcurrent\tand\tfuture\tdemand\tforecasts.\tIf\tour\tinventory\ton-hand\tis\tin\texcess\tof\tour\tfuture\ndemand\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.\tThis\nrequires\tus\tto\tdetermine\tthe\testimated\tselling\tprice\tof\tour\tvehicles\tless\tthe\testimated\tcost\tto\tconvert\tthe\tinventory\ton-hand\tinto\ta\tfinished\tproduct.\tOnce\ninventory\tis\twritten-down,\ta\tnew,\tlower\tcost\tbasis\tfor\tthat\tinventory\tis\testablished\tand\tsubsequent\tchanges\tin\tfacts\tand\tcircumstances\tdo\tnot\tresult\tin\tthe\nrestoration\tor\tincrease\tin\tthat\tnewly\testablished\tcost\tbasis.\nShould\tour\testimates\tof\tfuture\tselling\tprices\tor\tproduction\tcosts\tchange,\tadditional\tand\tpotentially\tmaterial\tincreases\tto\tthis\treserve\tmay\tbe\trequired.\tA\nsmall\tchange\tin\tour\testimates\tmay\tresult\tin\ta\tmaterial\tcharge\tto\tour\treported\tfinancial\tresults.\n70"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7a4de-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 70, "chroma:document": "Operating\tLease\tVehicles\nVehicles\tthat\tare\tleased\tas\tpart\tof\tour\tdirect\tvehicle\tleasing\tprogram\tand\tvehicles\tdelivered\tto\tleasing\tpartners\twith\ta\tresale\tvalue\tguarantee\tand\ta\nbuyback\toption\twhere\tthere\tis\tsignificant\teconomic\tincentive\tto\texercise\tat\tcontract\tinception\tare\tclassified\tas\toperating\tlease\tvehicles\tas\tthe\trelated\trevenue\ntransactions\tare\ttreated\tas\toperating\tleases\tunder\tASC\t842\t(\nrefer\tto\tthe\tAutomotive\tLeasing\tRevenue\tsection\tabove\tfor\tdetails\n).\tOperating\tlease\tvehicles\tare\nrecorded\tat\tcost\tless\taccumulated\tdepreciation.\tWe\tgenerally\tdepreciate\ttheir\tvalue,\tless\tsalvage\tvalue,\tusing\tthe\tstraight-line-method\tto\tcost\tof\tautomotive\nleasing\trevenue\tover\tthe\tcontractual\tperiod.\tThe\tgross\tcost\tof\toperating\tlease\tvehicles\tas\tof\tDecember\t31,\t2020\tand\t2019\twas\t$\n3.54\n\tbillion\tand\t$\n2.85\n\tbillion,\nrespectively.\tOperating\tlease\tvehicles\ton\tthe\tconsolidated\tbalance\tsheets\tare\tpresented\tnet\tof\taccumulated\tdepreciation\tof\t$\n446\n\tmillion\tand\t$\n406\n\tmillion\tas\tof\nDecember\t31,\t2020\tand\t2019,\trespectively.\nSolar\tEnergy\tSystems,\tNet\nWe\tare\tthe\tlessor\tof\tsolar\tenergy\tsystems.\tPrior\tto\tJanuary\t1,\t2019,\tthese\tleases\t\nwere\taccounted\tfor\tas\toperating\tleases\tin\taccordance\twith\tASC\t840.\nUnder\tASC\t840,\tto\tdetermine\tlease\tclassification,\twe\tevaluated\tthe\tlease\tterms\tto\tdetermine\twhether\tthere\twas\ta\ttransfer\tof\townership\tor\tbargain\tpurchase\noption\tat\tthe\tend\tof\tthe\tlease,\twhether\tthe\tlease\tterm\twas\tgreater\tthan\t\n75\n%\tof\tthe\tuseful\tlife\tor\twhether\tthe\tpresent\tvalue\tof\tthe\tminimum\tlease\tpayments\nexceeded\t\n90\n%\tof\tthe\tfair\tvalue\tat\tlease\tinception."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7a538-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 70, "chroma:document": "90\n%\tof\tthe\tfair\tvalue\tat\tlease\tinception.\n\tAgreements\tfor\tsolar\tenergy\tsystem\tleases\tand\tPPAs\tthat\tcommence\tafter\tJanuary\t1,\t2019\tno\tlonger\tmeet\tthe\ndefinition\tof\ta\tlease\tupon\tthe\tadoption\tof\tASC\t842\tand\tare\tinstead\taccounted\tfor\tin\taccordance\twith\tASC\t606.\tWe\tutilize\tperiodic\tappraisals\tto\testimate\tuseful\nlives\tand\tfair\tvalues\tat\tlease\tinception\tand\tresidual\tvalues\tat\tlease\ttermination.\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:\n\t\nSolar\tenergy\tsystems\tin\tservice\n\t\n\t\n\t\n30\n\tto\t\n35\n\tyears\nInitial\tdirect\tcosts\trelated\tto\tcustomer\n\t\t\tsolar\tenergy\tsystem\tlease\tacquisition\n\t\t\tcosts\n\t\n\t\n\t\nLease\tterm\t(up\tto\t25\nyears)\n\t\nSolar\tenergy\tsystems\tpending\tinterconnection\twill\tbe\tdepreciated\tas\tsolar\tenergy\tsystems\tin\tservice\twhen\tthey\thave\tbeen\tinterconnected\tand\tplaced\tin-\nservice.\tSolar\tenergy\tsystems\tunder\tconstruction\trepresents\tsystems\tthat\tare\tunder\tinstallation,\twhich\twill\tbe\tdepreciated\tas\tsolar\tenergy\tsystems\tin\tservice\nwhen\tthey\tare\tcompleted,\tinterconnected\tand\tplaced\tin\tservice.\tInitial\tdirect\tcosts\trelated\tto\tcustomer\tsolar\tenergy\tsystem\tagreement\tacquisition\tcosts\tare\ncapitalized\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\tgenerally\ncomputed\tusing\tthe\tstraight-line\tmethod\tover\tthe\testimated\tuseful\tlives\tof\tthe\trespective\tassets,\tas\tfollows:\n\t\nMachinery,\tequipment,\tvehicles\tand\n\t\t\toffice\tfurniture"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7a592-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 70, "chroma:document": "office\tfurniture\n\t\n\t\n\t\n2\n\tto\t\n12\n\tyears\nBuilding\tand\tbuilding\timprovements\n\t\n\t\n\t\n15\n\tto\t\n30\n\tyears\nComputer\tequipment\tand\tsoftware\n\t\n\t\n\t\n3\n\tto\t\n10\n\tyears\n\t\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\tconsolidated\nbalance\tsheet,\tand\tthe\tresulting\tgain\tor\tloss\tis\treflected\ton\tthe\tconsolidated\tstatement\tof\toperations.\tMaintenance\tand\trepair\texpenditures\tare\texpensed\tas\nincurred\twhile\tmajor\timprovements\tthat\tincrease\tthe\tfunctionality,\toutput\tor\texpected\tlife\tof\tan\tasset\tare\tcapitalized\tand\tdepreciated\tratably\tover\tthe\tidentified\nuseful\tlife.\nInterest\texpense\ton\toutstanding\tdebt\tis\tcapitalized\tduring\tthe\tperiod\tof\tsignificant\tcapital\tasset\tconstruction.\tCapitalized\tinterest\ton\tconstruction-in-\nprogress\tis\tincluded\twithin\tproperty,\tplant\tand\tequipment,\tnet\tand\tis\tamortized\tover\tthe\tlife\tof\tthe\trelated\tassets.\n71"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7a5ec-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 71, "chroma:document": "Long-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\tor\nchanges\tin\tcircumstances\tindicate\tthat\tthe\tcarrying\tamount\tof\tan\tasset\t(or\tasset\tgroup)\tmay\tnot\tbe\trecoverable.\tWe\tmeasure\trecoverability\tby\tcomparing\tthe\ncarrying\tamount\tto\tthe\tfuture\tundiscounted\tcash\tflows\tthat\tthe\tasset\tis\texpected\tto\tgenerate.\tIf\tthe\tasset\tis\tnot\trecoverable,\tits\tcarrying\tamount\twould\tbe\nadjusted\tdown\tto\tits\tfair\tvalue.\tFor\tthe\tyear\tended\tDecember\t31,\t2020,\twe\thave\trecognized\tno\tmaterial\timpairments\tof\tour\tlong-lived\tassets.\tFor\tthe\tyears\nended\tDecember\t31,\t2019\tand\t2018,\twe\thave\trecognized\tcertain\timpairments\tof\tour\tlong-lived\tassets\t(refer\tto\t\tNote\t22,\t\nRestructuring\tand\tOther\n,\tfor\tfurther\ndetails).\nIntangible\tassets\twith\tdefinite\tlives\tare\tamortized\ton\ta\tstraight-line\tbasis\tover\ttheir\testimated\tuseful\tlives,\twhich\trange\tfrom\t\none\n\tto\t\nthirty\n\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.\tFor\tthe\tyears\tended\tDecember\t31,\t2020,\t2019,\tand\t2018,\twe\thad\t\nno\nt\trecognized\nany\timpairment\tof\tgoodwill.\nCapitalization\tof\tSoftware\tCosts\nFor\tcosts\tincurred\tin\tdevelopment\tof\tinternal\tuse\tsoftware,\twe\tcapitalize\tcosts\tincurred\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: c5d7a646-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 71, "chroma:document": "equipment,\tnet\ton\tthe\tconsolidated\tbalance\tsheets.\tCosts\trelated\tto\tpreliminary\tproject\tactivities\tand\tpost-implementation\tactivities\tare\texpensed\tas\tincurred.\nInternal\tuse\tsoftware\tis\tamortized\ton\ta\tstraight-line\tbasis\tover\tits\testimated\tuseful\tlife\tof\t\nthree\tyears\n.\tWe\tevaluate\tthe\tuseful\tlives\tof\tthese\tassets\ton\tan\tannual\nbasis,\tand\twe\ttest\tfor\timpairment\twhenever\tevents\tor\tchanges\tin\tcircumstances\toccur\tthat\tcould\timpact\tthe\trecoverability\tof\tthese\tassets.\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\tthe\ndifferent\trates\twe\tapply\tto\tcurrent\tperiod\tincome\tor\tloss\tand\tthe\tbalance\tsheet.\tFor\teach\tsubsidiary,\twe\tapply\tthe\tmonthly\taverage\tfunctional\texchange\trate\tto\nits\tmonthly\tincome\tor\tloss\tand\tthe\tmonth-end\tfunctional\tcurrency\trate\tto\ttranslate\tthe\tbalance\tsheet.\nForeign\tcurrency\ttransaction\tgains\tand\tlosses\tare\ta\tresult\tof\tthe\teffect\tof\texchange\trate\tchanges\ton\ttransactions\tdenominated\tin\tcurrencies\tother\tthan\nthe\tfunctional\tcurrency.\tTransaction\tgains\tand\tlosses\tare\trecognized\tin\tother\t(expense)\tincome,\tnet,\tin\tthe\tconsolidated\tstatements\tof\toperations.\tFor\tthe\tyears\nended\tDecember\t31,\t2020,\t2019\tand\t2018,\twe\trecorded\tnet\tforeign\tcurrency\ttransaction\tlosses\tof\t$\n114\n\tmillion,\tgains\tof\t$\n48\n\tmillion\tand\tgains\tof\t$\n2\n\tmillion,\nrespectively.\n72"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7a6d2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 72, "chroma:document": "Warranties\nWe\tprovide\ta\tmanufacturer\u2019s\twarranty\ton\tall\tnew\tand\tused\tvehicles\tand\t\na\twarranty\ton\tthe\tinstallation\tand\tcomponents\tof\tthe\tenergy\tgeneration\tand\nstorage\tsystems\twe\tsell\tfor\tperiods\ttypically\tbetween\t10\tto\t25\tyears.\n\tWe\taccrue\ta\twarranty\treserve\tfor\tthe\tproducts\tsold\tby\tus,\twhich\tincludes\tour\tbest\nestimate\tof\tthe\tprojected\tcosts\tto\trepair\tor\treplace\titems\tunder\twarranties\tand\trecalls\twhen\tidentified.\tThese\testimates\tare\tbased\ton\tactual\tclaims\tincurred\tto\ndate\tand\tan\testimate\tof\tthe\tnature,\tfrequency\tand\tcosts\tof\tfuture\tclaims.\tThese\testimates\tare\tinherently\tuncertain\tgiven\tour\trelatively\tshort\thistory\tof\tsales,\nand\tchanges\tto\tour\thistorical\tor\tprojected\twarranty\texperience\tmay\tcause\tmaterial\tchanges\tto\tthe\twarranty\treserve\tin\tthe\tfuture.\tThe\twarranty\treserve\tdoes\nnot\tinclude\tprojected\twarranty\tcosts\tassociated\twith\tour\tvehicles\tsubject\tto\toperating\tlease\taccounting\tand\tour\tsolar\tenergy\tsystems\tunder\tlease\tcontracts\tor\nPPAs,\tas\tthe\tcosts\tto\trepair\tthese\twarranty\tclaims\tare\texpensed\tas\tincurred.\tThe\tportion\tof\tthe\twarranty\treserve\texpected\tto\tbe\tincurred\twithin\tthe\tnext\n12\tmonths\tis\tincluded\twithin\taccrued\tliabilities\tand\tother,\twhile\tthe\tremaining\tbalance\tis\tincluded\twithin\tother\tlong-term\tliabilities\ton\tthe\tconsolidated\tbalance\nsheets.\tWarranty\texpense\tis\trecorded\tas\ta\tcomponent\tof\tcost\tof\trevenues\tin\tthe\tconsolidated\tstatements\tof\toperations.\tDue\tto\tthe\tmagnitude\tof\tour\tautomotive\nbusiness,\taccrued\twarranty\tbalance\twas\tprimarily\trelated\tto\tour\tautomotive\tsegment.\t\nAccrued\twarranty\tactivity\tconsisted\tof\tthe\tfollowing\t(in\tmillions):\n\t\n\t\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\n\t\n2018"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7a72c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 72, "chroma:document": "2019\n\t\n\t\n2018\n\t\nAccrued\twarranty\u2014beginning\tof\tperiod\n\t\n$\n1,089\n\t\n\t\n$\n748\n\t\n\t\n$\n402\n\t\nWarranty\tcosts\tincurred\n\t\n\t\n(\n312\n)\n\t\n\t\n(\n250\n)\n\t\n\t\n(\n209\n)\nNet\tchanges\tin\tliability\tfor\tpre-existing\twarranties,\n\t\t\tincluding\texpirations\tand\tforeign\texchange\timpact\n\t\n\t\n66\n\t\n\t\n\t\n36\n\t\n\t\n\t\n(\n26\n)\nAdditional\twarranty\taccrued\tfrom\tadoption\tof\tASC\t606\n\t\n\t\n\u2014\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n37\n\t\nProvision\tfor\twarranty\n\t\n\t\n625\n\t\n\t\n\t\n555\n\t\n\t\n\t\n544\n\t\nAccrued\twarranty\u2014end\tof\tperiod\n\t\n$\n1,468\n\t\n\t\n$\n1,089\n\t\n\t\n$\n748\n\t\n\t\nSolar\tRenewable\tEnergy\tCredits\nWe\taccount\tfor\tSolar\tRenewable\tEnergy\tCertificates\t(\u201cSRECs\u201d)\twhen\tthey\tare\tpurchased\tby\tus\tor\tsold\tto\tthird\tparties.\tFor\tSRECs\tgenerated\tby\tsolar\nenergy\tsystems\towned\tby\tus\tand\tminted\tby\tgovernment\tagencies,\twe\tdo\tnot\trecognize\tany\tspecifically\tidentifiable\tcosts\tas\tthere\tare\tno\tspecific\tincremental\ncosts\tincurred\tto\tgenerate\tthe\tSRECs.\tWe\trecognize\trevenue\twithin\tthe\tenergy\tgeneration\tand\tstorage\tsegment\tfrom\tthe\tsale\tof\tan\tSREC\twhen\tthe\tSREC\tis\ntransferred\tto\tthe\tbuyer,\tand\tthe\tcost\tof\tthe\tSREC,\tif\tany,\tis\tthen\trecorded\tto\tenergy\tgeneration\tand\tstorage\tcost\tof\trevenue.\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"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7a786-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 72, "chroma:document": "provide\tabatements\tfor\tspecified\ttaxes,\tdiscounts\tto\tthe\tbase\ttariff\tenergy\trates\tand\ttransferable\ttax\tcredits\tof\tup\tto\t$\n195.0\n\tmillion\tin\tconsideration\tof\tcapital\ninvestment\tand\thiring\ttargets\tthat\twere\tmet\tat\tGigafactory\tNevada.\tThese\tincentives\tare\tavailable\tuntil\tJune\t2024\tor\tJune\t2034,\tdepending\ton\tthe\tincentive.\tAs\nof\tDecember\t31,\t2020\tand\t2019,\twe\thad\tearned\tthe\tmaximum\tof\t$\n195\n\tmillion\tof\ttransferable\ttax\tcredits\tunder\tthese\tagreements.\nGigafactory\tTexas\tTax\tIncentives\nIn\tconnection\twith\tthe\tconstruction\tof\tGigafactory\tTexas,\twe\tentered\tinto\ta\t\n20\n-year\tagreement\twith\tTravis\tCounty\tin\tTexas\tpursuant\tto\twhich\twe\twould\nreceive\tgrant\tfunding\tequal\tto\t\n70\n-\n80\n%\tof\tproperty\ttaxes\tpaid\tby\tus\tto\tTravis\tCounty\tand\ta\tseparate\t\n10\n-year\tagreement\twith\tthe\tDel\tValle\tIndependent\tSchool\nDistrict\tin\tTexas\tpursuant\tto\twhich\ta\tportion\tof\tthe\ttaxable\tvalue\tof\tour\tproperty\twould\tbe\tcapped\tat\ta\tspecified\tamount,\tin\teach\tcase\tsubject\tto\tour\tmeeting\ncertain\tminimum\teconomic\tdevelopment\tmetrics\tthrough\tour\tconstruction\tand\toperations\tat\tGigafactory\tTexas.\tAs\tof\tDecember\t31,\t2020,\twe\thad\t\nno\nt\tyet\nreceived\tany\tgrant\tfunding\trelated\tto\tproperty\ttaxes\tpaid\tto\tTravis\tCounty.\n73"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7a7e0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 73, "chroma:document": "Recent\tAccounting\tPronouncements\nRecently\tissued\taccounting\tpronouncements\tnot\tyet\tadopted\nIn\tDecember\t2019,\tthe\tFASB\tissued\tASU\tNo.\t2019-12,\tSimplifying\tthe\tAccounting\tfor\tIncome\tTaxes,\tas\tpart\tof\tits\tinitiative\tto\treduce\tcomplexity\tin\naccounting\tstandards.\tThe\tamendments\tin\tthe\tASU\tinclude\tremoving\texceptions\tto\tincremental\tintraperiod\ttax\tallocation\tof\tlosses\tand\tgains\tfrom\tdifferent\nfinancial\tstatement\tcomponents,\texceptions\tto\tthe\tmethod\tof\trecognizing\tincome\ttaxes\ton\tinterim\tperiod\tlosses,\tand\texceptions\tto\tdeferred\ttax\tliability\nrecognition\trelated\tto\tforeign\tsubsidiary\tinvestments.\tIn\taddition,\tthe\tASU\trequires\tthat\tentities\trecognize\tfranchise\ttax\tbased\ton\tan\tincremental\tmethod\tand\nrequires\tan\tentity\tto\tevaluate\tthe\taccounting\tfor\tstep-ups\tin\tthe\ttax\tbasis\tof\tgoodwill\tas\tinside\tor\toutside\tof\ta\tbusiness\tcombination.\tThe\tamendments\tin\tthe\nASU\tare\teffective\tfor\tfiscal\tyears\tbeginning\tafter\tDecember\t15,\t2020,\tincluding\tinterim\tperiods\ttherein.\tEarly\tadoption\tof\tthe\tstandard\tis\tpermitted,\tincluding\nadoption\tin\tinterim\tor\tannual\tperiods\tfor\twhich\tfinancial\tstatements\thave\tnot\tyet\tbeen\tissued.\tWe\thave\tnot\tearly\tadopted\tthis\tASU\tas\tof\tDecember\t31,\t2020.\nThe\tASU\tis\tcurrently\tnot\texpected\tto\thave\ta\tmaterial\timpact\ton\tour\tconsolidated\tfinancial\tstatements.\nIn\tMarch\t2020,\tthe\tFASB\tissued\tASU\tNo.\t2020-04,\tFacilitation\tof\tthe\tEffects\tof\tReference\tRate\tReform\ton\tFinancial\tReporting\t(Topic\t848).\tThe\tASU\nprovides\toptional\texpedients\tand\texceptions\tfor\tapplying\tGAAP\tto\ttransactions\taffected\tby\treference\trate\t(e.g.,\tLIBOR)\treform\tif\tcertain\tcriteria\tare\tmet,\tfor\ta"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7ab00-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 73, "chroma:document": "limited\tperiod\tof\ttime\tto\tease\tthe\tpotential\tburden\tin\taccounting\tfor\t(or\trecognizing\tthe\teffects\tof)\treference\trate\treform\ton\tfinancial\treporting.\tThe\tASU\tis\neffective\tas\tof\tMarch\t12,\t2020\tthrough\tDecember\t31,\t2022.\tWe\twill\tevaluate\ttransactions\tor\tcontract\tmodifications\toccurring\tas\ta\tresult\tof\treference\trate\nreform\tand\tdetermine\twhether\tto\tapply\tthe\toptional\tguidance\ton\tan\tongoing\tbasis.\tThe\tASU\tis\tcurrently\tnot\texpected\tto\thave\ta\tmaterial\timpact\ton\tour\nconsolidated\tfinancial\tstatements.\nIn\tAugust\t2020,\tthe\tFASB\tissued\tASU\t2020-06,\tAccounting\tfor\tConvertible\tInstruments\tand\tContracts\tin\tan\tEntity\u2019s\tOwn\tEquity.\tThe\tASU\tsimplifies\tthe\naccounting\tfor\tconvertible\tinstruments\tby\tremoving\tcertain\tseparation\tmodels\tin\tASC\t470-\t20,\tDebt\u2014Debt\twith\tConversion\tand\tOther\tOptions,\tfor\tconvertible\ninstruments.\tThe\tASU\tupdates\tthe\tguidance\ton\tcertain\tembedded\tconversion\tfeatures\tthat\tare\tnot\trequired\tto\tbe\taccounted\tfor\tas\tderivatives\tunder\tTopic\t815,\nDerivatives\tand\tHedging,\tor\tthat\tdo\tnot\tresult\tin\tsubstantial\tpremiums\taccounted\tfor\tas\tpaid-in\tcapital,\tsuch\tthat\tthose\tfeatures\tare\tno\tlonger\trequired\tto\tbe\nseparated\tfrom\tthe\thost\tcontract.\tThe\tconvertible\tdebt\tinstruments\twill\tbe\taccounted\tfor\tas\ta\tsingle\tliability\tmeasured\tat\tamortized\tcost.\tThis\twill\talso\tresult\tin\nthe\tinterest\texpense\trecognized\tfor\tconvertible\tdebt\tinstruments\tto\tbe\ttypically\tcloser\tto\tthe\tcoupon\tinterest\trate\twhen\tapplying\tthe\tguidance\tin\tTopic\t835,\nInterest.\tFurther,\tthe\tASU\tmade\tamendments\tto\tthe\tEPS\tguidance\tin\tTopic\t260\tfor\tconvertible\tinstruments,\tthe\tmost\tsignificant\timpact\tof\twhich\tis\trequiring"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7ab64-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 73, "chroma:document": "the\tuse\tof\tthe\tif-converted\tmethod\tfor\tdiluted\tEPS\tcalculation,\tand\tno\tlonger\tallowing\tthe\tnet\tshare\tsettlement\tmethod.\tThe\tASU\talso\tmade\trevisions\tto\tTopic\n815-40,\twhich\tprovides\tguidance\ton\thow\tan\tentity\tmust\tdetermine\twhether\ta\tcontract\tqualifies\tfor\ta\tscope\texception\tfrom\tderivative\taccounting.\tThe\namendments\tto\tTopic\t815-40\tchange\tthe\tscope\tof\tcontracts\tthat\tare\trecognized\tas\tassets\tor\tliabilities.\tThe\tASU\tis\teffective\tfor\tinterim\tand\tannual\tperiods\nbeginning\tafter\tDecember\t15,\t2021,\twith\tearly\tadoption\tpermitted\tfor\tperiods\tbeginning\tafter\tDecember\t15,\t2020.\tAdoption\tof\tthe\tASU\tcan\teither\tbe\ton\ta\nmodified\tretrospective\tor\tfull\tretrospective\tbasis.\nWe\twill\tadopt\tthe\tASU\ton\tJanuary\t1,\t2021\ton\ta\tmodified\tretrospective\tbasis.\tThe\tadoption\tis\texpected\tto\treduce\tadditional\tpaid\tin\tcapital\tand\nconvertible\tsenior\tnotes\t(mezzanine\tequity)\tby\tapproximately\t$\n475\n\tmillion\tand\t$\n50\n\tmillion,\trespectively\tfor\tthe\trecombination\tof\tthe\tequity\tconversion\ncomponent\tof\tour\tconvertible\tdebt\tremaining\toutstanding,\twhich\twas\tinitially\tseparated\tand\trecorded\tin\tequity,\tremove\tthe\tremaining\tdebt\tdiscounts\trecorded\nfor\tthis\tprevious\tseparation\tfor\tapproximately\t$\n269\n\tmillion\tand\treduce\tproperty,\tplant\tand\tequipment\tfor\tpreviously\tcapitalized\tinterest\tby\tapproximately\t$\n45\nmillion,\tas\ta\tresult.\tThe\tnet\teffect\tof\tthese\tadjustments\twill\tbe\trecorded\tas\ta\treduction\tin\tthe\tbalance\tof\tour\topening\taccumulated\tdeficit\tas\tof\tJanuary\t1,\t2021.\nWe\tcurrently\texpect\tthe\tadoption\tof\tthe\tASU\twill\tresult\tin\tthe\treduction\tof\tnon-cash\tinterest\texpense\t\tfor\tthe\tyear\tending\tDecember\t31,\t2021\tand\tuntil"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7abbe-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 73, "chroma:document": "the\taffected\tnotes\thave\tbeen\tsettled,\tbefore\tthe\timpact\tof\treduction\tof\tour\tinterest\tcapitalization,\twhich\tis\tnot\texpected\tto\tbe\tmaterial.\tThe\treduction\tof\ndepreciation\texpense\tthrough\tcost\tof\tgoods\tsold\tis\tnot\texpected\tto\tbe\tmaterial\tfor\tthe\tyear\tending\tDecember\t31,\t2021.\tThese\treduced\texpenses\twill\tincrease\nthe\tincome\tattributable\tto\tcommon\tstockholders\tfor\tboth\tbasic\tand\tdiluted\tearnings\tper\tshare.\tThe\trequired\tuse\tof\tthe\tif\tconverted\tmethod\tis\tnot\texpected\tto\nhave\ta\tsignificant\timpact\ton\tthe\tcalculation\tof\tcommon\tshare\tequivalents\tincluded\tin\tthe\tmeasure\tof\tour\tdiluted\tearnings\tper\tshare\tfor\tour\t2021\tNotes,\t2022\nNotes,\t2024\tNotes\tand\tour\tsubsidiary\u2019s\t5.50%\tConvertible\tSenior\tNotes\tdue\tin\t2022.\tThe\tamendments\tto\tthe\tderivative\taccounting\tguidance\tare\tnot\texpected\nto\thave\ta\tmaterial\timpact\ton\tour\tconsolidated\tfinancial\tstatements.\tThe\tadoption\twill\thave\tno\timpact\ton\tthe\tconsolidated\tstatement\tof\tcash\tflows.\n74"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7ac18-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 74, "chroma:document": "Recently\tadopted\taccounting\tpronouncements\nIn\tJune\t2016,\tthe\tFASB\tissued\tASU\tNo.\t2016-13,\tMeasurement\tof\tCredit\tLosses\ton\tFinancial\tInstruments,\tto\trequire\tfinancial\tassets\tcarried\tat\namortized\tcost\tto\tbe\tpresented\tat\tthe\tnet\tamount\texpected\tto\tbe\tcollected\tbased\ton\thistorical\texperience,\tcurrent\tconditions\tand\tforecasts.\tSubsequently,\tthe\nFASB\tissued\tASU\tNo.\t2018-19,\tCodification\tImprovements\tto\tTopic\t326,\tto\tclarify\tthat\treceivables\tarising\tfrom\toperating\tleases\tare\twithin\tthe\tscope\tof\tlease\naccounting\tstandards.\tFurther,\tthe\tFASB\tissued\tASU\tNo.\t2019-04,\tASU\tNo.\t2019-05,\tASU\t2019-10,\tASU\t2019-11,\tASU\t2020-02\tand\tASU\t2020-03\tto\tprovide\nadditional\tguidance\ton\tthe\tcredit\tlosses\tstandard.\tAdoption\tof\tthe\tASUs\tis\ton\ta\tmodified\tretrospective\tbasis.\tWe\tadopted\tthe\tASUs\ton\t\nJanuary\t1,\t2020\n.\tThe\nASUs\tdid\tnot\thave\ta\tmaterial\timpact\ton\tour\tconsolidated\tfinancial\tstatements.\tASU\tNo.\t2016-13\tapplies\tto\tall\tfinancial\tassets\tincluding\tloans,\ttrade\treceivables\nand\tany\tother\tfinancial\tassets\tnot\texcluded\tfrom\tthe\tscope\tthat\thave\tthe\tcontractual\tright\tto\treceive\tcash.\tThe\tadoption\tof\tthis\tASU\tdid\tnot\thave\tany\timpact\nexcept\ton\tMyPower\tcustomer\tnotes\treceivable.\tRefer\tto\tMyPower\tCustomer\tNotes\tReceivable\tabove\tfor\tfurther\tdetails.\nIn\tJanuary\t2017,\tthe\tFASB\tissued\tASU\tNo.\t2017-04,\tSimplifying\tthe\tTest\tfor\tGoodwill\tImpairment,\tto\tsimplify\tthe\ttest\tfor\tgoodwill\timpairment\tby"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7ac72-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 74, "chroma:document": "removing\tStep\t2.\tAn\tentity\twill,\ttherefore,\tperform\tthe\tgoodwill\timpairment\ttest\tby\tcomparing\tthe\tfair\tvalue\tof\ta\treporting\tunit\twith\tits\tcarrying\tamount\tand\nrecognizing\tan\timpairment\tcharge\tfor\tthe\tamount\tby\twhich\tthe\tcarrying\tamount\texceeds\tthe\tfair\tvalue,\tnot\tto\texceed\tthe\ttotal\tamount\tof\tgoodwill\tallocated\tto\nthe\treporting\tunit.\tAn\tentity\tstill\thas\tthe\toption\tto\tperform\ta\tqualitative\tassessment\tto\tdetermine\tif\tthe\tquantitative\timpairment\ttest\tis\tnecessary.\tWe\tadopted\nthe\tASU\tprospectively\ton\t\nJanuary\t1,\t2020\n.\tThe\tASU\tdid\tnot\thave\ta\tmaterial\timpact\ton\tour\tconsolidated\tfinancial\tstatements.\nIn\tAugust\t2018,\tthe\tFASB\tissued\tASU\tNo.\t2018-15,\tCustomer\u2019s\tAccounting\tfor\tImplementation\tCosts\tIncurred\tin\ta\tCloud\tComputing\tArrangement\tthat\nIs\ta\tService\tContract.\tThe\tASU\taligns\tthe\trequirements\tfor\tcapitalizing\timplementation\tcosts\tincurred\tin\ta\thosting\tarrangement\tthat\tis\ta\tservice\tcontract\twith\nthe\trequirements\tfor\tcapitalizing\timplementation\tcosts\tincurred\tto\tdevelop\tor\tobtain\tinternal-use\tsoftware\t(and\thosting\tarrangements\tthat\tinclude\tan\tinternal-\nuse\tsoftware\tlicense).\tWe\tadopted\tthe\tASU\tprospectively\ton\t\nJanuary\t1,\t2020\n.\tThe\tASU\tdid\tnot\thave\ta\tmaterial\timpact\ton\tour\tconsolidated\tfinancial\tstatements.\n\t\nNote\t3\t\u2013\tBusiness\tCombinations\nFor\tthe\tyear\tended\tDecember\t31,\t2020,\twe\tcompleted\tvarious\tacquisitions\tfor\twhich\tconsideration\twas\timmaterial\ton\tan\tindividual\tbasis\tand\tin\naggregate.\nMaxwell\tAcquisition\nOn\t\nMay\t16,\t2019\n\t(the\t\u201cAcquisition\tDate\u201d),\twe\tcompleted\tour\tstrategic\tacquisition\tof\tMaxwell\tTechnologies,\tInc.\t(\u201cMaxwell\u201d),\tan\tenergy\tstorage\tand"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7accc-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 74, "chroma:document": "power\tdelivery\tproducts\tcompany,\tfor\tits\tcomplementary\ttechnology\tand\tworkforce.\tPursuant\tto\tthe\trelated\tAgreement\tand\tPlan\tof\tMerger,\t\neach\tissued\tand\noutstanding\tshare\tof\tMaxwell\tcommon\tstock\twas\tconverted\tinto\t\n0.0965\n\t(the\t\u201cExchange\tRatio\u201d)\tshares\tof\tour\tcommon\tstock,\t\nas\tadjusted\tto\tgive\teffect\tto\tthe\nStock\tSplit\n.\n\tIn\taddition,\tMaxwell\u2019s\tstock\toption\tawards\tand\trestricted\tstock\tunit\tawards\twere\tassumed\tby\tus\tand\tconverted\tinto\tcorresponding\tequity\tawards\tin\nrespect\tof\tour\tcommon\tstock\tbased\ton\tthe\tExchange\tRatio,\twith\tthe\tawards\tretaining\tthe\tsame\tvesting\tand\tother\tterms\tand\tconditions\tas\tin\teffect\timmediately\nprior\tto\tthe\tacquisition.\nFair\tValue\tof\tPurchase\tConsideration\nThe\tAcquisition\tDate\tfair\tvalue\tof\tthe\tpurchase\tconsideration\twas\t$\n207\n\tmillion\t(\nas\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit,\n\t\n4,514,840\n\tshares\tissued\tat\n$\n45.90\n\tper\tshare,\tthe\topening\tprice\tof\tour\tcommon\tstock\ton\tthe\tAcquisition\tDate).\nFair\tValue\tof\tAssets\tAcquired\tand\tLiabilities\tAssumed\n\t\nWe\taccounted\tfor\tthe\tacquisition\tusing\tthe\tpurchase\tmethod\tof\taccounting\tfor\tbusiness\tcombinations\tunder\tASC\t805,\tBusiness\tCombinations.\tThe\ttotal\npurchase\tprice\twas\tallocated\tto\tthe\ttangible\tand\tidentifiable\tintangible\tassets\tacquired\tand\tliabilities\tbased\ton\ttheir\testimated\tfair\tvalues\tas\tof\tthe\tAcquisition\nDate.\t\t\nFair\tvalue\testimates\tare\tbased\ton\ta\tcomplex\tseries\tof\tjudgments\tabout\tfuture\tevents\tand\tuncertainties\tand\trely\theavily\ton\testimates\tand\tassumptions.\nThe\tjudgments\tused\tto\tdetermine\tthe\testimated\tfair\tvalue\tassigned\tto\teach\tclass\tof\tassets\tacquired\tand\tliabilities\tassumed,\tas\twell\tas\tasset\tlives\tand\tthe"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7ad30-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 74, "chroma:document": "expected\tfuture\tcash\tflows\tand\trelated\tdiscount\trates,\tcan\tmaterially\timpact\tour\tconsolidated\tfinancial\tstatements.\tSignificant\tinputs\tused\tfor\tthe\tmodel\nincluded\tthe\tamount\tof\tcash\tflows,\tthe\texpected\tperiod\tof\tthe\tcash\tflows\tand\tthe\tdiscount\trates.\n75"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7ad8a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 75, "chroma:document": "The\tallocation\tof\tthe\tpurchase\tprice\twas\tbased\ton\tmanagement\u2019s\testimate\tof\tthe\tAcquisition\tDate\tfair\tvalues\tof\tthe\tassets\tacquired\tand\tliabilities\nassumed,\tas\tfollows\t(in\tmillions):\n\t\nAssets\tacquired:\n\t\n\t\n\t\n\t\nCash\tand\tcash\tequivalents\n\t\n$\n32\n\t\nAccounts\treceivable\n\t\n\t\n24\n\t\nInventory\n\t\n\t\n32\n\t\nProperty,\tplant\tand\tequipment,\tnet\n\t\n\t\n27\n\t\nOperating\tlease\tright-of-use\tassets\n\t\n\t\n10\n\t\nIntangible\tassets\n\t\n\t\n105\n\t\nPrepaid\texpenses\tand\tother\tassets,\tcurrent\tand\tnon-current\n\t\n\t\n3\n\t\nTotal\tassets\tacquired\n\t\n\t\n233\n\t\nLiabilities\tand\tequity\tassumed:\n\t\n\t\n\t\n\t\nAccounts\tpayable\n\t\n\t\n(\n10\n)\nAccrued\tliabilities\tand\tother\n\t\n\t\n(\n28\n)\nDebt\tand\tfinance\tleases,\tcurrent\tand\tnon-current\n\t\n\t\n(\n44\n)\nDeferred\trevenue,\tcurrent\n\t\n\t\n(\n1\n)\nOther\tlong-term\tliabilities\n\t\n\t\n(\n14\n)\nAdditional\tpaid-in\tcapital\n\t\n\t\n(\n8\n)\nTotal\tliabilities\tand\tequity\tassumed\n\t\n\t\n(\n105\n)\nNet\tassets\tacquired\n\t\n\t\n128\n\t\nGoodwill\n\t\n\t\n79\n\t\nTotal\tpurchase\tprice\n\t\n$\n207\n\t\nGoodwill\trepresented\tthe\texcess\tof\tthe\tpurchase\tprice\tover\tthe\tfair\tvalue\tof\tthe\tnet\tassets\tacquired\tand\twas\tprimarily\tattributable\tto\tthe\texpected\nsynergies\tfrom\tintegrating\tMaxwell\u2019s\ttechnology\tinto\tour\tautomotive\tsegment\tas\twell\tas\tthe\tacquired\ttalent.\tGoodwill\tis\tnot\tdeductible\tfor\tU.S.\tincome\ttax\npurposes\tand\tis\tnot\tamortized.\nIdentifiable\tIntangible\tAssets\tAcquired\nThe\tdetermination"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7ade4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 75, "chroma:document": "Identifiable\tIntangible\tAssets\tAcquired\nThe\tdetermination\t\nof\tthe\tfair\tvalue\tof\tidentified\tintangible\tassets\tand\ttheir\trespective\tuseful\tlives\twere\tas\tfollows\t(in\tmillions,\texcept\tfor\testimated\nuseful\tlife):\n\t\n\t\n\t\nFair\tValue\n\t\n\t\nUseful\tLife\n(in\tyears)\n\t\nDeveloped\ttechnology\n\t\n$\n102\n\t\n\t\n\t\n9\n\t\nCustomer\trelations\n\t\n\t\n2\n\t\n\t\n\t\n9\n\t\nTrade\tname\n\t\n\t\n1\n\t\n\t\n\t\n10\n\t\nTotal\tintangible\tassets\n\t\n$\n105\n\t\n\t\n\t\n\t\n\t\nMaxwell\u2019s\tresults\tof\toperations\tsince\tthe\tAcquisition\tDate\thave\tbeen\tincluded\twithin\tthe\tautomotive\tsegment.\tStandalone\tand\tpro\tforma\tresults\tof\noperations\thave\tnot\tbeen\tpresented\tbecause\tthey\twere\tnot\tmaterial\tto\tthe\tconsolidated\tfinancial\tstatements.\nOther\t2019\tAcquisitions\nDuring\tthe\tyear\tended\tDecember\t31,\t2019,\t\nwe\tcompleted\tvarious\tother\tacquisitions\tgenerally\tfor\tthe\trelated\ttechnology\tand\tworkforce.\tTotal\nconsideration\tfor\tthese\tacquisitions\twas\t$\n96\n\tmillion,\tof\twhich\t$\n80\n\tmillion\twas\tpaid\tin\tcash.\tIn\taggregate,\t$\n36\n\tmillion\twas\tattributed\tto\tintangible\tassets,\t$\n51\nmillion\twas\tattributed\tto\tgoodwill\twithin\tthe\tautomotive\tsegment,\tand\t$\n9\n\tmillion\twas\tattributed\tto\tnet\tassets\tassumed.\tGoodwill\tis\tnot\tdeductible\tfor\tU.S.\nincome\ttax\tpurposes.\tThe\tidentifiable\tintangible\tassets\twere\trelated\tto\tpurchased\ttechnology,\twith\testimated\tuseful\tlives\tof\t\none\n\tto\t\nnine\n\tyears\n.\nStandalone\tand\tpro\tforma\tresults\tof\toperations\thave\tnot\tbeen\tpresented\tbecause\tthey\twere\tnot\tmaterial\tto\tthe\tconsolidated\tfinancial\tstatements,\teither\nindividually\tor\tin\taggregate."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7ae3e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 75, "chroma:document": "individually\tor\tin\taggregate.\n\t\nNote\t4\t\u2013\tGoodwill\tand\tIntangible\tAssets\nGoodwill\tincreased\t\n$\n9\n\tmillion\twithin\tthe\tautomotive\tsegment\tfrom\t$\n198\n\tmillion\tas\tof\tDecember\t31,\t2019\tto\t\n$\n207\n\tmillion\tas\tof\tDecember\t31,\t2020\tdue\tto\ncompleted\tbusiness\tcombinations\tand\tforeign\tcurrency\ttranslation\tadjustments\tduring\tthe\tyear\tended\tDecember\t31,\t2020.\tThere\twere\t\nno\n\taccumulated\nimpairment\tlosses\tas\tof\tDecember\t31,\t2020\tand\t2019.\n76"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7ae98-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 76, "chroma:document": "Information\tregarding\tour\tintangible\tassets\t\nincluding\tassets\trecognized\tfrom\tour\tacquisitions\t\nwas\tas\tfollows\t(in\tmillions):\n\t\n\t\n\t\nDecember\t31,\t2020\n\t\n\t\nDecember\t31,\t2019\n\t\n\t\n\t\nGross\n\t\nCarrying\nAmount\n\t\n\t\nAccumulated\nAmortization\n\t\n\t\nOther\n\t\n\t\nNet\tCarrying\nAmount\n\t\n\t\nGross\tCarrying\nAmount\n\t\n\t\nAccumulated\nAmortization\n\t\n\t\nOther\n\t\n\t\nNet\tCarrying\nAmount\n\t\nFinite-lived\n\t\t\tintangible\tassets:\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nDeveloped\ttechnology\n\t\n$\n302\n\t\n\t\n$\n(\n111\n)\n\t\n$\n3\n\t\n\t\n$\n194\n\t\n\t\n$\n291\n\t\n\t\n$\n(\n72\n)\n\t\n$\n1\n\t\n\t\n$\n220\n\t\nTrade\tnames\n\t\n\t\n3\n\t\n\t\n\t\n(\n1\n)\n\t\n\t\n\u2014\n\t\n\t\n\t\n2\n\t\n\t\n\t\n3\n\t\n\t\n\t\n(\n1\n)\n\t\n\t\n1\n\t\n\t\n\t\n3\n\t\nFavorable\tcontracts\tand\n\t\t\tleases,\tnet\n\t\n\t\n113\n\t\n\t\n\t\n(\n32\n)\n\t\n\t\n\u2014\n\t\n\t\n\t\n81\n\t\n\t\n\t\n113\n\t\n\t\n\t\n(\n24\n)\n\t\n\t\n\u2014\n\t\n\t\n\t\n89\n\t\nOther\n\t\n\t\n38\n\t\n\t\n\t\n(\n18\n)\n\t\n\t\n1\n\t\n\t\n\t\n21\n\t\n\t\n\t\n38\n\t\n\t\n\t\n(\n16\n)\n\t\n\t\n\u2014"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7aefc-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 76, "chroma:document": "(\n16\n)\n\t\n\t\n\u2014\n\t\n\t\n\t\n22\n\t\nTotal\tfinite-lived\n\t\t\tintangible\tassets\n\t\n\t\n456\n\t\n\t\n\t\n(\n162\n)\n\t\n\t\n4\n\t\n\t\n\t\n298\n\t\n\t\n\t\n445\n\t\n\t\n\t\n(\n113\n)\n\t\n\t\n2\n\t\n\t\n\t\n334\n\t\nIndefinite-lived\n\t\t\tintangible\tassets:\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nGigafactory\tNevada\n\t\t\twater\trights\n\t\n\t\n15\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n15\n\t\n\t\n\t\n5\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n5\n\t\nIn-process\tresearch\n\t\t\tand\tdevelopment\n\t\t\t(\"IPR&D\")\n\t\n\t\n\u2014\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n60\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n(\n60\n)\n\t\n\t\n\u2014\n\t\nTotal\tinfinite-lived\n\t\t\tintangible\tassets\n\t\n\t\n15\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n15\n\t\n\t\n\t\n65\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n(\n60\n)\n\t\n\t\n5\n\t\nTotal\tintangible\tassets\n\t\n$\n471\n\t\n\t\n$\n(\n162\n)\n\t\n$\n4\n\t\n\t\n$\n313\n\t\n\t\n$\n510\n\t\n\t\n$\n(\n113\n)\n\t\n$\n(\n58\n)\n\t\n$\n339"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7af56-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 76, "chroma:document": "(\n58\n)\n\t\n$\n339\n\t\n\t\nAmortization\texpense\tduring\tthe\tyears\tended\tDecember\t31,\t2020,\t2019\tand\t2018\twas\t$\n51\n\tmillion,\t$\n44\n\tmillion\tand\t$\n66\n\tmillion,\trespectively.\nTotal\tfuture\tamortization\texpense\tfor\tfinite-lived\tintangible\tassets\twas\testimated\tas\tfollows\t(in\tmillions):\n\t\n2021\n\t\n\t\n$\n51\n\t\n2022\n\t\n\t\n\t\n50\n\t\n2023\n\t\n\t\n\t\n44\n\t\n2024\n\t\n\t\n\t\n29\n\t\n2025\n\t\n\t\n\t\n29\n\t\nThereafter\n\t\n\t\n\t\n95\n\t\nTotal\n\t\n\t\n$\n298\n\t\nNote\t5\t\u2013\tFair\tValue\tof\tFinancial\tInstruments\nASC\t820\n,\tFair\tValue\tMeasurements\n,\tstates\tthat\tfair\tvalue\tis\tan\texit\tprice,\trepresenting\tthe\tamount\tthat\twould\tbe\treceived\tto\tsell\tan\tasset\tor\tpaid\tto\ntransfer\ta\tliability\tin\tan\torderly\ttransaction\tbetween\tmarket\tparticipants.\tAs\tsuch,\tfair\tvalue\tis\ta\tmarket-based\tmeasurement\tthat\tshould\tbe\tdetermined\tbased\non\tassumptions\tthat\tmarket\tparticipants\twould\tuse\tin\tpricing\tan\tasset\tor\ta\tliability\n.\tThe\tthree-tiered\tfair\tvalue\thierarchy,\twhich\tprioritizes\twhich\tinputs\tshould\nbe\tused\tin\tmeasuring\tfair\tvalue,\tis\tcomprised\tof:\t(Level\tI)\tobservable\tinputs\tsuch\tas\tquoted\tprices\tin\tactive\tmarkets;\t(Level\tII)\tinputs\tother\tthan\tquoted\tprices\nin\tactive\tmarkets\tthat\tare\tobservable\teither\tdirectly\tor\tindirectly\tand\t(Level\tIII)\tunobservable\tinputs\tfor\twhich\tthere\tis\tlittle\tor\tno\tmarket\tdata.\tThe\tfair\tvalue\nhierarchy\trequires\tthe\tuse\tof\tobservable\tmarket\tdata\twhen\tavailable\tin\tdetermining\tfair\tvalue.\t\nOur\tassets\tand\tliabilities\tthat\twere\tmeasured\tat\tfair\tvalue\ton\ta"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7afb0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 76, "chroma:document": "recurring\tbasis\twere\tas\tfollows\t(in\tmillions):\n\t\n\t\n\t\nDecember\t31,\t2020\n\t\n\t\nDecember\t31,\t2019\n\t\n\t\n\t\nFair\tValue\n\t\n\t\nLevel\tI\n\t\n\t\nLevel\tII\n\t\n\t\nLevel\tIII\n\t\n\t\nFair\tValue\n\t\n\t\nLevel\tI\n\t\n\t\nLevel\tII\n\t\n\t\nLevel\tIII\n\t\nMoney\tmarket\tfunds\t(cash\tand\n\t\t\tcash\tequivalents)\n\t\n$\n13,847\n\t\n\t\n$\n13,847\n\t\n\t\n$\n\u2014\n\t\n\t\n$\n\u2014\n\t\n\t\n$\n1,632\n\t\n\t\n$\n1,632\n\t\n\t\n$\n\u2014\n\t\n\t\n$\n\u2014\n\t\nInterest\trate\tswap\tassets\n\t\n\t\n\u2014\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n1\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n1\n\t\n\t\n\t\n\u2014\n\t\nInterest\trate\tswap\tliabilities\n\t\n\t\n58\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n58\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n(\n27\n)\n\t\n\t\n\u2014\n\t\n\t\n\t\n(\n27\n)\n\t\n\t\n\u2014\n\t\nTotal\n\t\n$\n13,905\n\t\n\t\n$\n13,847\n\t\n\t\n$\n58\n\t\n\t\n$\n\u2014\n\t\n\t\n$\n1,606\n\t\n\t\n$\n1,632\n\t\n\t\n$\n(\n26\n)\n\t\n$\n\u2014\n\t\n77"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b00a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 77, "chroma:document": "All\tof\tour\tmoney\tmarket\tfunds\twere\tclassified\twithin\tLevel\tI\tof\tthe\tfair\tvalue\thierarchy\tbecause\tthey\twere\tvalued\tusing\tquoted\tprices\tin\tactive\tmarkets.\nOur\tinterest\trate\tswaps\twere\tclassified\twithin\tLevel\tII\tof\tthe\tfair\tvalue\thierarchy\tbecause\tthey\twere\tvalued\tusing\talternative\tpricing\tsources\tor\tmodels\tthat\nutilized\tmarket\tobservable\tinputs,\tincluding\tcurrent\tand\tforward\tinterest\trates.\nInterest\tRate\tSwaps\nWe\tenter\tinto\tfixed-for-floating\tinterest\trate\tswap\tagreements\tto\tswap\tvariable\tinterest\tpayments\ton\tcertain\tdebt\tfor\tfixed\tinterest\tpayments,\tas\nrequired\tby\tcertain\tof\tour\tlenders.\tWe\tdo\tnot\tdesignate\tour\tinterest\trate\tswaps\tas\thedging\tinstruments.\tAccordingly,\tour\tinterest\trate\tswaps\tare\trecorded\tat\nfair\tvalue\ton\tthe\tconsolidated\tbalance\tsheets\twithin\tother\tnon-current\tassets\tor\tother\tlong-term\tliabilities,\twith\tany\tchanges\tin\ttheir\tfair\tvalues\trecognized\tas\nother\t(expense)\tincome,\tnet,\tin\tthe\tconsolidated\tstatements\tof\toperations\tand\twith\tany\tcash\tflows\trecognized\tas\toperating\tactivities\tin\tthe\tconsolidated\nstatements\tof\tcash\tflows.\t\nOur\tinterest\trate\tswaps\toutstanding\twere\tas\tfollows\t(in\tmillions):\n\t\n\t\n\t\nDecember\t31,\t2020\n\t\n\t\nDecember\t31,\t2019\n\t\n\t\n\t\nAggregate\tNotional\nAmount\n\t\n\t\nGross\tAsset\tat\nFair\tValue\n\t\n\t\nGross\tLiability\tat\nFair\tValue\n\t\n\t\nAggregate\tNotional\nAmount\n\t\n\t\nGross\tAsset\tat\nFair\tValue\n\t\n\t\nGross\tLiability\tat\nFair\tValue\n\t\nInterest\trate\tswaps\n\t\n$\n554\n\t\n\t\n$\n\u2014\n\t\n\t\n$\n58\n\t\n\t\n$\n821\n\t\n\t\n$\n1\n\t\n\t\n$\n27"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b064-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 77, "chroma:document": "$\n1\n\t\n\t\n$\n27\n\t\n\t\nOur\tinterest\trate\tswaps\tactivity\twas\tas\tfollows\t(in\tmillions):\n\t\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\n\t\n2018\n\t\nGross\tlosses\n\t\n$\n42\n\t\n\t\n$\n51\n\t\n\t\n$\n12\n\t\nGross\tgains\n\t\n$\n6\n\t\n\t\n$\n11\n\t\n\t\n$\n22\n\t\n\t\nDisclosure\tof\tFair\tValues\nOur\tfinancial\tinstruments\tthat\tare\tnot\tre-measured\tat\tfair\tvalue\tinclude\taccounts\treceivable,\tMyPower\tcustomer\tnotes\treceivable,\taccounts\tpayable,\naccrued\tliabilities,\tcustomer\tdeposits\tand\tdebt.\tThe\tcarrying\tvalues\tof\tthese\tfinancial\tinstruments\tother\tthan\tour\t2021\tNotes,\t2022\tNotes,\t2024\tNotes,\tour\nsubsidiary\u2019s\t\nZero\n-Coupon\tConvertible\tSenior\tNotes\tdue\tin\t2020\tand\t\nour\tsubsidiary\u2019s\t\n5.50\n%\tConvertible\tSenior\tNotes\tdue\tin\t\n2022\n\t(collectively\treferred\tto\tas\n\u201cConvertible\tSenior\tNotes\u201d\tbelow),\t\n5.30\n%\n\tSenior\tNotes\tdue\tin\t2025\t(\u201c2025\tNotes\u201d),\tsolar\tasset-backed\tnotes\tand\tsolar\tloan-backed\tnotes\tapproximate\ttheir\tfair\nvalues.\nWe\testimate\tthe\tfair\tvalue\tof\tthe\tConvertible\tSenior\tNotes\tand\tthe\t2025\tNotes\tusing\n\tcommonly\taccepted\tvaluation\tmethodologies\tand\tmarket-based\trisk\nmeasurements\tthat\tare\tindirectly\tobservable,\tsuch\tas\tcredit\trisk\t(Level\tII)\n.\t\nIn\taddition,\t\nwe\testimate\tthe\tfair\tvalues\tof\tour\tsolar\tasset-backed\tnotes\tand\tsolar\nloan-backed\tnotes\tbased\ton\trates\tcurrently\toffered\tfor\tinstruments\twith\tsimilar\tmaturities\tand\tterms\t(Level\tIII).\t\nThe\tfollowing\ttable\tpresents\tthe\testimated\tfair"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b0be-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 77, "chroma:document": "The\tfollowing\ttable\tpresents\tthe\testimated\tfair\nvalues\tand\tthe\tcarrying\tvalues\t(in\tmillions):\n\t\n\t\n\t\nDecember\t31,\t2020\n\t\n\t\nDecember\t31,\t2019\n\t\n\t\n\t\nCarrying\n\t\nValue\n\t\n\t\nFair\tValue\n\t\n\t\nCarrying\n\t\nValue\n\t\n\t\nFair\tValue\n\t\nConvertible\tSenior\tNotes\n\t\n$\n1,971\n\t\n\t\n$\n24,596\n\t\n\t\n$\n3,729\n\t\n\t\n$\n6,110\n\t\n2025\tNotes\n\t\n$\n1,785\n\t\n\t\n$\n1,877\n\t\n\t\n$\n1,782\n\t\n\t\n$\n1,748\n\t\nSolar\tasset-backed\tnotes\n\t\n$\n1,115\n\t\n\t\n$\n1,137\n\t\n\t\n$\n1,155\n\t\n\t\n$\n1,211\n\t\nSolar\tloan-backed\tnotes\n\t\n$\n146\n\t\n\t\n$\n152\n\t\n\t\n$\n175\n\t\n\t\n$\n189\n\t\n\t\n\t\nNote\t6\t\u2013\tInventory\nOur\tinventory\tconsisted\tof\tthe\tfollowing\t(in\tmillions):\n\t\n\t\n\t\nDecember\t31,\n\t\n\t\nDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\nRaw\tmaterials\n\t\n$\n1,508\n\t\n\t\n$\n1,428\n\t\nWork\tin\tprocess\n\t\n\t\n493\n\t\n\t\n\t\n362\n\t\nFinished\tgoods\t(1)\n\t\n\t\n1,666\n\t\n\t\n\t\n1,356\n\t\nService\tparts\n\t\n\t\n434\n\t\n\t\n\t\n406\n\t\nTotal\n\t\n$\n4,101\n\t\n\t\n$\n3,552\n\t\n\t\n(1)\nFinished\tgoods\tinventory\tincludes\tvehicles\tin\ttransit\tto\tfulfill\tcustomer\torders,\tnew\tvehicles\tavailable\tfor\tsale,\tused\tvehicles,\tenergy\tstorage\tproducts"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b122-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 77, "chroma:document": "and\tSolar\tRoof\tproducts\tavailable\tfor\tsale.\n78"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b17c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 78, "chroma:document": "For\tsolar\tenergy\tsystems,\twe\tcommence\ttransferring\tcomponent\tparts\tfrom\tinventory\tto\tconstruction\tin\tprogress,\ta\tcomponent\tof\tsolar\tenergy\tsystems\n,\nonce\ta\tlease\t\nor\tPPA\t\ncontract\twith\ta\tcustomer\thas\tbeen\texecuted\tand\tinstallation\thas\tbeen\tinitiated.\tAdditional\tcosts\tincurred\ton\tthe\tleased\t\nsolar\tenergy\nsystems,\tincluding\tlabor\tand\toverhead,\tare\trecorded\twithin\t\nsolar\tenergy\tsystems\tunder\tconstruction\n.\nWe\twrite-down\tinventory\tfor\tany\texcess\tor\tobsolete\tinventories\tor\twhen\twe\tbelieve\tthat\tthe\tnet\trealizable\tvalue\tof\tinventories\tis\tless\tthan\tthe\tcarrying\nvalue.\tDuring\tthe\tyears\tended\tDecember\t31,\t2020,\t2019\tand\t2018,\twe\trecorded\twrite-downs\tof\t$\n145\n\tmillion,\t$\n138\n\tmillion\tand\t$\n78\n\tmillion,\trespectively,\tin\tcost\nof\trevenues.\n\t\n\t\n\t\nNote\t7\t\u2013\tSolar\tEnergy\tSystems,\tNet\nSolar\tenergy\tsystems,\tnet,\tconsisted\tof\tthe\tfollowing\t(in\tmillions):\n\t\n\t\n\t\nDecember\t31,\n\t\n\t\nDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\nSolar\tenergy\tsystems\tin\tservice\n\t\n$\n6,758\n\t\n\t\n$\n6,682\n\t\nInitial\tdirect\tcosts\trelated\tto\tcustomer\tsolar\tenergy\n\t\t\tsystem\tlease\tacquisition\tcosts\n\t\n\t\n103\n\t\n\t\n\t\n102\n\t\n\t\n\t\n\t\n6,861\n\t\n\t\n\t\n6,784\n\t\nLess:\taccumulated\tdepreciation\tand\tamortization\t(1)\n\t\n\t\n(\n955\n)\n\t\n\t\n(\n723\n)\n\t\n\t\n\t\n5,906\n\t\n\t\n\t\n6,061\n\t\nSolar\tenergy\tsystems\tunder\tconstruction\n\t\n\t\n28\n\t\n\t\n\t\n18\n\t\nSolar\tenergy\tsystems\tpending\tinterconnection\n\t\n\t\n45"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b1d6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 78, "chroma:document": "Solar\tenergy\tsystems\tpending\tinterconnection\n\t\n\t\n45\n\t\n\t\n\t\n59\n\t\nSolar\tenergy\tsystems,\tnet\t(2)\n\t\n$\n5,979\n\t\n\t\n$\n6,138\n\t\n(1)\nDepreciation\tand\tamortization\texpense\tduring\tthe\tyears\tended\tDecember\t31,\t2020,\t2019\tand\t2018\twas\t$\n232\n\tmillion,\t$\n227\n\tmillion\tand\t$\n276\n\tmillion,\nrespectively.\n(2)\nAs\tof\tDecember\t31,\t2020\tand\t2019,\tsolar\tenergy\tsystems,\tnet,\tincluded\t$\n36\n\tmillion\tof\tgross\tfinance\tleased\tassets\twith\taccumulated\tdepreciation\tand\namortization\tof\t$\n7\n\tmillion\tand\t$\n6\n\tmillion,\trespectively.\n\t\n\t\nNote\t8\t\u2013\tProperty,\tPlant\tand\tEquipment,\tNet\nOur\tproperty,\tplant\tand\tequipment,\tnet,\tconsisted\tof\tthe\tfollowing\t(in\tmillions):\n\t\n\t\n\t\nDecember\t31,\n\t\n\t\nDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\nMachinery,\tequipment,\tvehicles\tand\toffice\tfurniture\n\t\n$\n8,493\n\t\n\t\n$\n7,167\n\t\nTooling\n\t\n\t\n1,811\n\t\n\t\n\t\n1,493\n\t\nLeasehold\timprovements\n\t\n\t\n1,421\n\t\n\t\n\t\n1,087\n\t\nLand\tand\tbuildings\n\t\n\t\n3,662\n\t\n\t\n\t\n3,024\n\t\nComputer\tequipment,\thardware\tand\tsoftware\n\t\n\t\n856\n\t\n\t\n\t\n595\n\t\nConstruction\tin\tprogress\n\t\n\t\n1,621\n\t\n\t\n\t\n764\n\t\n\t\n\t\n\t\n17,864\n\t\n\t\n\t\n14,130\n\t\nLess:\tAccumulated\tdepreciation\n\t\n\t\n(\n5,117\n)\n\t\n\t\n(\n3,734\n)\nTotal\n\t\n$"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b24e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 78, "chroma:document": "(\n3,734\n)\nTotal\n\t\n$\n12,747\n\t\n\t\n$\n10,396\n\t\n\t\nConstruction\tin\tprogress\tis\tprimarily\tcomprised\tof\tconstruction\tof\tGigafactory\tBerlin\tand\tGigafactory\tTexas,\texpansion\tof\tGigafactory\tShanghai\tand\nequipment\tand\ttooling\trelated\tto\tthe\tmanufacturing\tof\tour\tproducts.\tWe\tare\tcurrently\tconstructing\tGigafactory\tBerlin\tunder\tconditional\tpermits.\tCompleted\nassets\tare\ttransferred\tto\ttheir\trespective\tasset\tclasses,\tand\tdepreciation\tbegins\twhen\tan\tasset\tis\tready\tfor\tits\tintended\tuse.\tInterest\ton\toutstanding\tdebt\tis\ncapitalized\tduring\tperiods\tof\tsignificant\tcapital\tasset\tconstruction\tand\tamortized\tover\tthe\tuseful\tlives\tof\tthe\trelated\tassets.\tDuring\tthe\tyears\tended\tDecember\n31,\t2020\tand\t2019,\twe\tcapitalized\t$\n48\n\tmillion\tand\t$\n31\n\tmillion,\trespectively,\tof\tinterest.\nDepreciation\texpense\tduring\tthe\tyears\tended\tDecember\t31,\t2020,\t2019\tand\t2018\twas\t$\n1.57\n\tbillion,\t$\n1.37\n\tbillion\tand\t$\n1.11\n\tbillion,\trespectively.\tGross\nproperty,\tplant\tand\tequipment\tunder\tfinance\tleases\tas\tof\tDecember\t31,\t2020\tand\t2019\twas\t$\n2.28\n\tbillion\tand\t$\n2.08\n\tbillion,\trespectively,\twith\taccumulated\ndepreciation\tof\t$\n816\n\tmillion\tand\t$\n483\n\tmillion,\trespectively.\n79"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b2b2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 79, "chroma:document": "Panasonic\thas\tpartnered\twith\tus\ton\tGigafactory\tNevada\twith\tinvestments\tin\tthe\tproduction\tequipment\tthat\tit\tuses\tto\tmanufacture\tand\tsupply\tus\twith\nbattery\tcells.\tUnder\tour\tarrangement\twith\tPanasonic,\twe\tplan\tto\tpurchase\tthe\tfull\toutput\tfrom\ttheir\tproduction\tequipment\tat\tnegotiated\tprices.\tAs\tthe\tterms\tof\nthe\tarrangement\tconvey\ta\tfinance\tlease\tunder\tASC\t842,\tLeases,\twe\taccount\tfor\ttheir\tproduction\tequipment\tas\tleased\tassets\twhen\tproduction\tcommences.\t\nWe\naccount\tfor\teach\tlease\tand\tany\tnon-lease\tcomponents\tassociated\twith\tthat\tlease\tas\ta\tsingle\tlease\tcomponent\tfor\tall\tasset\tclasses,\texcept\tproduction\tequipment\nclasses\tembedded\tin\tsupply\tagreements.\t\nThis\tresults\tin\tus\trecording\tthe\tcost\tof\ttheir\tproduction\tequipment\twithin\tproperty,\tplant\tand\tequipment,\tnet,\ton\tthe\nconsolidated\tbalance\tsheets\twith\ta\tcorresponding\tliability\trecorded\tto\tdebt\tand\tfinance\tleases.\tDepreciation\ton\tPanasonic\tproduction\tequipment\tis\tcomputed\nusing\tthe\tunits-of-production\tmethod\twhereby\tcapitalized\tcosts\tare\tamortized\tover\tthe\ttotal\testimated\tproductive\tlife\tof\tthe\trespective\tassets.\tAs\tof\nDecember\t31,\t2020\n\tand\t2019,\twe\thad\tcumulatively\tcapitalized\tcosts\tof\t$\n1.77\n\tbillion\tand\t$\n1.73\n\tbillion,\trespectively,\n\ton\tthe\tconsolidated\tbalance\tsheets\tin\nrelation\tto\tthe\tproduction\tequipment\tunder\tour\tPanasonic\tarrangement.\nIn\t2019,\tthe\tShanghai\tgovernment\tagreed\tto\tprovide\t$\n85\n\tmillion\tof\tcertain\tincentives\tin\tconnection\twith\tus\tmaking\tcertain\tmanufacturing\tequipment\ninvestments\tat\tGigafactory\tShanghai,\tof\twhich\t$\n46\n\tmillion\twas\treceived\tin\tcash\tand\tthe\tremaining\t$\n39\n\tmillion\twas\tin\tthe\tform\tof\tassets\tand\tservices"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b30c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 79, "chroma:document": "39\n\tmillion\twas\tin\tthe\tform\tof\tassets\tand\tservices\ncontributed\tby\tthe\tgovernment.\tIn\t2020,\tthe\tShanghai\tgovernment\tagreed\tto\tprovide\tan\tadditional\t$\n122\n\tmillion\tof\tsuch\tincentives.\tOf\tthe\ttotal\tincentives\nprovided\tbetween\tboth\tyears,\t$\n123\n\tmillion\twas\treceived\tin\tcash\tin\t2020.\t\nProceeds\tfrom\tthe\tgrant\tmust\tbe\tspent\ton\tqualified\tcapital\tinvestments\tat\tGigafactory\nShanghai\tas\tstipulated\tin\tthe\tagreement.\t\nThese\tincentives\twere\ttaken\tas\ta\treduction\tto\tproperty,\tplant\tand\tequipment,\tnet,\ton\tthe\tconsolidated\tbalance\tsheets\nand\tcash\treceipts\tare\treflected\tas\tinvesting\tcash\tinflows\ton\tthe\tconsolidated\tstatements\tof\tcash\tflows.\n\t\n\t\nNote\t9\t\u2013\tAccrued\tLiabilities\tand\tOther\n\t\nAs\tof\tDecember\t31,\t2020\tand\t2019,\taccrued\tliabilities\tand\tother\tcurrent\tliabilities\tconsisted\tof\tthe\tfollowing\t(in\tmillions):\n\t\n\t\n\t\nDecember\t31,\n\t\n\t\nDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\nAccrued\tpurchases\t(1)\n\t\n$\n901\n\t\n\t\n$\n638\n\t\nTaxes\tpayable\t(2)\n\t\n\t\n777\n\t\n\t\n\t\n611\n\t\nPayroll\tand\trelated\tcosts\n\t\n\t\n654\n\t\n\t\n\t\n466\n\t\nAccrued\twarranty\treserve,\tcurrent\tportion\n\t\n\t\n479\n\t\n\t\n\t\n344\n\t\nSales\treturn\treserve,\tcurrent\tportion\n\t\n\t\n417\n\t\n\t\n\t\n272\n\t\nOperating\tlease\tliabilities,\tcurrent\tportion\n\t\n\t\n286\n\t\n\t\n\t\n228\n\t\nAccrued\tinterest\n\t\n\t\n77\n\t\n\t\n\t\n86\n\t\nResale\tvalue\tguarantees,\tcurrent\tportion\n\t\n\t\n23\n\t\n\t\n\t\n317"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b366-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 79, "chroma:document": "23\n\t\n\t\n\t\n317\n\t\nOther\tcurrent\tliabilities\n\t\n\t\n241\n\t\n\t\n\t\n260\n\t\nTotal\n\t\n$\n3,855\n\t\n\t\n$\n3,222\n\t\n\t\n(1)\nAccrued\tpurchases\tprimarily\treflects\treceipts\tof\tgoods\tand\tservices\tthat\twe\thad\tnot\tbeen\tinvoiced\tyet.\tAs\twe\tare\tinvoiced\tfor\tthese\tgoods\tand\tservices,\nthis\tbalance\twill\treduce\tand\taccounts\tpayable\twill\tincrease.\n(2)\nTaxes\tpayable\tincludes\tvalue\tadded\ttax,\tsales\ttax,\tproperty\ttax,\tuse\ttax\tand\tincome\ttax\tpayables.\n\t\n\t\nNote\t10\t\u2013\tOther\tLong-Term\tLiabilities\nAs\tof\tDecember\t31,\t2020\tand\t2019,\tother\tlong-term\tliabilities\tconsisted\tof\tthe\tfollowing\t(in\tmillions):\n\t\n\t\n\t\nDecember\t31,\n\t\n\t\nDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\nOperating\tlease\tliabilities\n\t\n$\n1,254\n\t\n\t\n$\n956\n\t\nAccrued\twarranty\treserve\n\t\n\t\n989\n\t\n\t\n\t\n745\n\t\nSales\treturn\treserve\n\t\n\t\n500\n\t\n\t\n\t\n545\n\t\nDeferred\ttax\tliability\n\t\n\t\n151\n\t\n\t\n\t\n66\n\t\nResale\tvalue\tguarantees\n\t\n\t\n19\n\t\n\t\n\t\n36\n\t\nOther\tnon-current\tliabilities\n\t\n\t\n417\n\t\n\t\n\t\n343\n\t\nTotal\tother\tlong-term\tliabilities\n\t\n$\n3,330\n\t\n\t\n$\n2,691\n\t\n\t\n\t\n80"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b3ca-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 80, "chroma:document": "Note\t11\t\u2013\tCustomer\tDeposits\nCustomer\tdeposits\tprimarily\tconsisted\tof\tcash\tpayments\tfrom\tcustomers\tat\tthe\ttime\tthey\tplace\tan\torder\tor\treservation\tfor\ta\tvehicle\tor\tan\tenergy\nproduct\tand\tany\tadditional\tpayments\tup\tto\tthe\tpoint\tof\tdelivery\tor\tthe\tcompletion\tof\tinstallation,\tincluding\tthe\tfair\tvalues\tof\tany\tcustomer\ttrade-in\tvehicles\tthat\nare\tapplicable\ttoward\ta\tnew\tvehicle\tpurchase.\t\nCustomer\tdeposits\talso\tinclude\tprepayments\ton\tcontracts\tthat\tcan\tbe\tcancelled\twithout\tsignificant\tpenalties,\nsuch\tas\tvehicle\tmaintenance\tplans.\t\nCustomer\tdeposit\tamounts\tand\ttiming\tvary\tdepending\ton\tthe\tvehicle\tmodel,\tthe\tenergy\tproduct\tand\tthe\tcountry\tof\tdelivery.\nIn\tthe\tcase\tof\ta\tvehicle,\tcustomer\tdeposits\tare\tfully\trefundable.\tIn\tthe\tcase\tof\tan\tenergy\tgeneration\tor\tstorage\tproduct,\tcustomer\tdeposits\tare\tfully\trefundable\nprior\tto\tthe\tentry\tinto\ta\tpurchase\tagreement\tor\tin\tcertain\tcases\tfor\ta\tlimited\ttime\tthereafter\t(in\taccordance\twith\tapplicable\tlaws).\tCustomer\tdeposits\tare\nincluded\tin\tcurrent\tliabilities\tuntil\trefunded\tor\tuntil\tthey\tare\tapplied\ttowards\tthe\tcustomer\u2019s\tpurchase\tbalance.\n\t\nNote\t12\t\u2013\tDebt\nThe\tfollowing\tis\ta\tsummary\tof\tour\tdebt\tand\tfinance\tleases\tas\tof\tDecember\t31,\t2020\t(in\tmillions):\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nUnpaid\n\t\n\t\nUnused\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nNet\tCarrying\tValue\n\t\n\t\nPrincipal\n\t\n\t\nCommitted\n\t\n\t\nContractual\n\t\n\t\nContractual\n\t\n\t\nCurrent\n\t\n\t\nLong-Term\n\t\n\t\nBalance\n\t\n\t\nAmount\t(1)\n\t\n\t\nInterest\tRates\n\t\n\t\nMaturity\tDate\nRecourse\tdebt:"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b424-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 80, "chroma:document": "2021\tNotes\n\t\n$\n419\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n422\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n1.25\n%\n\t\nMarch\t2021\n2022\tNotes\n\t\n\t\n115\n\t\n\t\n\t\n366\n\t\n\t\n\t\n503\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n2.375\n%\n\t\nMarch\t2022\n2024\tNotes\n\t\n\t\n171\n\t\n\t\n\t\n856\n\t\n\t\n\t\n1,282\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n2.00\n%\n\t\nMay\t2024\n2025\tNotes\n\t\n\t\n\u2014\n\t\n\t\n\t\n1,785\n\t\n\t\n\t\n1,800\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n5.30\n%\n\t\nAugust\t2025\nCredit\tAgreement\n\t\n\t\n\u2014\n\t\n\t\n\t\n1,895\n\t\n\t\n\t\n1,895\n\t\n\t\n\t\n278\n\t\n\t\n\t\n3.3\n%\n\t\nJuly\t2023\nSolar\tBonds\tand\tother\tLoans\n\t\n\t\n4\n\t\n\t\n\t\n49\n\t\n\t\n\t\n55\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n3.6%-5.8\n%\n\t\nJanuary\t2021\t-\tJanuary\t2031\nTotal\trecourse\tdebt\n\t\n\t\n709\n\t\n\t\n\t\n4,951\n\t\n\t\n\t\n5,957\n\t\n\t\n\t\n278\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nNon-recourse\tdebt:\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nAutomotive\tAsset-backed\tNotes\n\t\n\t\n777\n\t\n\t\n\t\n921\n\t\n\t\n\t\n1,705"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b47e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 80, "chroma:document": "921\n\t\n\t\n\t\n1,705\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n0.6%-7.9\n%\n\t\nAugust\t2021-August\t2024\nSolar\tAsset-backed\tNotes\n\t\n\t\n39\n\t\n\t\n\t\n1,076\n\t\n\t\n\t\n1,141\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n3.0%-7.7\n%\n\t\nSeptember\t2024-February\t2048\nChina\tLoan\tAgreements\n\t\n\t\n\u2014\n\t\n\t\n\t\n616\n\t\n\t\n\t\n616\n\t\n\t\n\t\n1,372\n\t\n\t\n\t\n4.0\n%\n\t\nJune\t2021-December\t2024\nCash\tEquity\tDebt\n\t\n\t\n18\n\t\n\t\n\t\n408\n\t\n\t\n\t\n439\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n5.3%-5.8\n%\n\t\nJuly\t2033-January\t2035\nSolar\tLoan-backed\tNotes\n\t\n\t\n13\n\t\n\t\n\t\n133\n\t\n\t\n\t\n152\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n4.8%-7.5\n%\n\t\nSeptember\t2048-September\t2049\nWarehouse\tAgreements\n\t\n\t\n37\n\t\n\t\n\t\n257\n\t\n\t\n\t\n294\n\t\n\t\n\t\n806\n\t\n\t\n\t\n1.7%-1.8\n%\n\t\nSeptember\t2022\nSolar\tTerm\tLoan\n\t\n\t\n151\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n151\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n3.7\n%\n\t\nJanuary\t2021\nAutomotive\tLease-backed\tCredit\tFacilities\n\t\n\t\n14\n\t\n\t\n\t\n19\n\t\n\t\n\t\n33\n\t\n\t\n\t\n153\n\t\n\t\n\t\n1.9%-5.9\n%\n\t\nSeptember\t2022-November\t2022\nSolar\tRevolving\tCredit\tFacility\tand"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b4d8-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 80, "chroma:document": "Solar\tRevolving\tCredit\tFacility\tand\n\t\t\tother\tLoans\n\t\n\t\n\u2014\n\t\n\t\n\t\n81\n\t\n\t\n\t\n81\n\t\n\t\n\t\n23\n\t\n\t\n\t\n2.7%-5.1\n%\n\t\nJune\t2022-February\t2033\nTotal\tnon-recourse\tdebt\n\t\n\t\n1,049\n\t\n\t\n\t\n3,511\n\t\n\t\n\t\n4,612\n\t\n\t\n\t\n2,354\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nTotal\tdebt\n\t\n\t\n1,758\n\t\n\t\n\t\n8,462\n\t\n\t\n$\n10,569\n\t\n\t\n$\n2,632\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nFinance\tleases\n\t\n\t\n374\n\t\n\t\n\t\n1,094\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nTotal\tdebt\tand\tfinance\tleases\n\t\n$\n2,132\n\t\n\t\n$\n9,556\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n81"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b532-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 81, "chroma:document": "The\tfollowing\tis\ta\tsummary\tof\tour\tdebt\t\nand\tfinance\tleases\t\nas\tof\t\nDecember\t31,\t2019\n\t(in\tmillions):\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nUnpaid\n\t\n\t\n\t\nUnused\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nNet\tCarrying\tValue\n\t\n\t\n\t\nPrincipal\n\t\n\t\n\t\nCommitted\n\t\n\t\n\t\nContractual\n\t\n\t\nContractual\n\t\n\t\nCurrent\n\t\n\t\n\t\nLong-Term\n\t\n\t\n\t\nBalance\n\t\n\t\n\t\nAmount\t(1)\n\t\n\t\n\t\nInterest\tRates\n\t\n\t\nMaturity\tDate\nRecourse\tdebt:\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n2021\tNotes\n\t\n$\n\t\n\u2014\n\t\n\t\n\t\n$\n\t\n1,304\n\t\n\t\n\t\n$\n\t\n1,380\n\t\n\t\n\t\n$\n\t\n\u2014\n\t\n\t\n\t\n\t\n1.25\n%\n\t\nMarch\t2021\n2022\tNotes\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\t\n\t\n902\n\t\n\t\n\t\n\t\n\t\n978\n\t\n\t\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\t\n2.375\n%\n\t\nMarch\t2022\n2024\tNotes\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\t\n\t\n1,383\n\t\n\t\n\t\n\t\n\t\n1,840\n\t\n\t\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\t\n2.00\n%\n\t\nMay\t2024\n2025\tNotes\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\t\n\t\n1,782\n\t\n\t\n\t\n\t\n\t\n1,800"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b58c-f41d-11ee-a3fb-0242ac1c000c
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{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 81, "chroma:document": "1,800\n\t\n\t\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\t\n5.3\n%\n\t\nAugust\t2025\nCredit\tAgreement\n\t\n\t\n\t\n141\n\t\n\t\n\t\n\t\n\t\n1,586\n\t\n\t\n\t\n\t\n\t\n1,727\n\t\n\t\n\t\n\t\n\t\n499\n\t\n\t\n\t\n\t\n2.7%-4.8\n%\n\t\nJune\t2020-July\t2023\nZero-Coupon\tConvertible\tSenior\tNotes\tdue\tin\n\t\t\t2020\n\t\n\t\n\t\n97\n\t\n\t\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\t\n\t\n103\n\t\n\t\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\t\n0.0\n%\n\t\nDecember\t2020\nSolar\tBonds\tand\tother\tLoans\n\t\n\t\n\t\n15\n\t\n\t\n\t\n\t\n\t\n53\n\t\n\t\n\t\n\t\n\t\n70\n\t\n\t\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\t\n3.6%-5.8\n%\n\t\nMarch\t2020-January\t2031\nTotal\trecourse\tdebt\n\t\n\t\n\t\n253\n\t\n\t\n\t\n\t\n\t\n7,010\n\t\n\t\n\t\n\t\n\t\n7,898\n\t\n\t\n\t\n\t\n\t\n499\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nNon-recourse\tdebt:\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nAutomotive\tAsset-backed\tNotes\n\t\n\t\n\t\n573\n\t\n\t\n\t\n\t\n\t\n997\n\t\n\t\n\t\n\t\n\t\n1,577\n\t\n\t\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\t\n2.0%-7.9\n%"}


created_at: 2024-04-06 13:59:07
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{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 81, "chroma:document": "2.0%-7.9\n%\n\t\nFebruary\t2020-\tMay\t2023\nSolar\tAsset-backed\tNotes\n\t\n\t\n\t\n32\n\t\n\t\n\t\n\t\n\t\n1,123\n\t\n\t\n\t\n\t\n\t\n1,183\n\t\n\t\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\t\n4.0%-7.7\n%\n\t\nSeptember\t2024-February\t2048\nChina\tLoan\tAgreements\n\t\n\t\n\t\n444\n\t\n\t\n\t\n\t\n\t\n297\n\t\n\t\n\t\n\t\n\t\n741\n\t\n\t\n\t\n\t\n\t\n1,542\n\t\n\t\n\t\n\t\n3.7%-4.0\n%\n\t\nSeptember\t2020-December\t2024\nCash\tEquity\tDebt\n\t\n\t\n\t\n10\n\t\n\t\n\t\n\t\n\t\n430\n\t\n\t\n\t\n\t\n\t\n454\n\t\n\t\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\t\n5.3%-5.8\n%\n\t\nJuly\t2033-January\t2035\nSolar\tLoan-backed\tNotes\n\t\n\t\n\t\n11\n\t\n\t\n\t\n\t\n\t\n164\n\t\n\t\n\t\n\t\n\t\n182\n\t\n\t\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\t\n4.8%-7.5\n%\n\t\nSeptember\t2048-September\t2049\nWarehouse\tAgreements\n\t\n\t\n\t\n21\n\t\n\t\n\t\n\t\n\t\n146\n\t\n\t\n\t\n\t\n\t\n167\n\t\n\t\n\t\n\t\n\t\n933\n\t\n\t\n\t\n\t\n3.1%-3.6\n%\n\t\nSeptember\t2021\nSolar\tTerm\tLoans\n\t\n\t\n\t\n8\n\t\n\t\n\t\n\t\n\t\n152\n\t\n\t\n\t\n\t\n\t\n161\n\t\n\t\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\t\n5.4\n%\n\t\nJanuary\t2021"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
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{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 81, "chroma:document": "5.4\n%\n\t\nJanuary\t2021\nAutomotive\tLease-backed\tCredit\tFacility\n\t\n\t\n\t\n24\n\t\n\t\n\t\n\t\n\t\n16\n\t\n\t\n\t\n\t\n\t\n40\n\t\n\t\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\t\n4.2%-5.9\n%\n\t\nNovember\t2022\nSolar\tRevolving\tCredit\tFacility\tand\n\t\t\tother\tLoans\n\t\n\t\n\t\n23\n\t\n\t\n\t\n\t\n\t\n67\n\t\n\t\n\t\n\t\n\t\n89\n\t\n\t\n\t\n\t\n\t\n6\n\t\n\t\n\t\n\t\n4.5%-7.4\n%\n\t\nMarch\t2020-June\t2022\nTotal\tnon-recourse\tdebt\n\t\n\t\n\t\n1,146\n\t\n\t\n\t\n\t\n\t\n3,392\n\t\n\t\n\t\n\t\n\t\n4,594\n\t\n\t\n\t\n\t\n\t\n2,481\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nTotal\tdebt\n\t\n\t\n\t\n1,399\n\t\n\t\n\t\n\t\n\t\n10,402\n\t\n\t\n\t\n$\n\t\n12,492\n\t\n\t\n\t\n$\n\t\n2,980\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nFinance\tleases\n\t\n\t\n\t\n386\n\t\n\t\n\t\n\t\n\t\n1,232\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nTotal\tdebt\tand\tfinance\tleases\n\t\n$\n\t\n1,785\n\t\n\t\n\t\n$\n\t\n11,634\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n(1)"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b6ae-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 81, "chroma:document": "(1)\nThere\tare\tno\trestrictions\ton\tdraw-down\tor\tuse\tfor\tgeneral\tcorporate\tpurposes\twith\trespect\tto\tany\tavailable\tcommitted\tfunds\tunder\tour\tcredit\tfacilities\nand\tfinancing\tfunds,\texcept\tcertain\tspecified\tconditions\tprior\tto\tdraw-down,\tincluding\tpledging\tto\tour\tlenders\tsufficient\tamounts\tof\tqualified\nreceivables,\tinventories,\tleased\tvehicles\tand\tour\tinterests\tin\tthose\tleases,\tsolar\tenergy\tsystems\tand\tthe\tassociated\tcustomer\tcontracts,\tour\tinterests\tin\nfinancing\tfunds\tor\tvarious\tother\tassets\tand\tas\tmay\tbe\tfurther\tdescribed\tbelow.\nRecourse\tdebt\trefers\tto\tdebt\tthat\tis\trecourse\tto\tour\tgeneral\tassets.\tNon-recourse\tdebt\trefers\tto\tdebt\tthat\tis\trecourse\tto\tonly\tassets\tof\tour\tsubsidiaries.\nThe\tdifferences\tbetween\tthe\tunpaid\tprincipal\tbalances\tand\tthe\tnet\tcarrying\tvalues\tare\tdue\tto\tconvertible\tsenior\tnote\tconversion\tfeatures,\tdebt\tdiscounts\tor\ndeferred\tfinancing\tcosts.\tAs\tof\tDecember\t31,\t2020,\twe\twere\tin\tmaterial\tcompliance\twith\tall\tfinancial\tdebt\tcovenants,\twhich\tinclude\tminimum\tliquidity\tand\nexpense-coverage\tbalances\tand\tratios.\n2021\tNotes,\tBond\tHedges\tand\tWarrant\tTransactions\nIn\tMarch\t2014,\twe\tissued\t$\n1.20\n\tbillion\tin\taggregate\tprincipal\tamount\tof\tour\t2021\tNotes\tin\ta\tpublic\toffering.\tIn\tApril\t2014,\twe\tissued\tan\tadditional\n$\n180\n\tmillion\tin\taggregate\tprincipal\tamount\tof\tthe\tnotes,\tpursuant\tto\tthe\texercise\tin\tfull\tof\tthe\toverallotment\toptions\tby\tthe\tunderwriters.\tThe\ttotal\tnet\tproceeds\nfrom\tthe\tissuances,\tafter\tdeducting\ttransaction\tcosts,\twere\t$\n1.36\n\tbillion.\nAs\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit,\t\neach\t$\n1,000"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b708-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 81, "chroma:document": "each\t$\n1,000\n\tof\tprincipal\tof\tthese\tnotes\tis\tnow\tconvertible\tinto\t\n13.8940\n\tshares\tof\tour\tcommon\tstock,\twhich\tis\nequivalent\tto\ta\tconversion\tprice\tof\t$\n71.97\n\tper\tshare,\tsubject\tto\tadjustment\tupon\tthe\toccurrence\tof\tspecified\tevents.\tHolders\tof\tthese\tnotes\thave\tbeen\table\tto\nelect\tto\tconvert\ton\tor\tafter\tDecember\t1,\t2020.\tThe\tsettlement\tof\tsuch\tan\telection\tto\tconvert\tthe\toutstanding\tnotes\twould\tbe\tin\tcash\tfor\tthe\tprincipal\tamount\nand,\tif\tapplicable,\tcash\tand/or\tshares\tof\tour\tcommon\tstock\tfor\tany\tconversion\tpremium\tat\tour\telection.\tAs\tof\tDecember\t1,\t2020,\tholders\tof\tthese\tnotes\thave\tthe\noption\tto\tconvert.\tSuch\tholders\talso\thad\tthe\toption\tto\tconvert\tprior\tto\tDecember\t1,\t2020\tunder\tthe\tcircumstances\tfurther\tdescribed\tbelow.\n\t\t\n\t\n\t\t\t\nUpon\tthe\tearly\nconversion\tof\tthe\t2021\tNotes,\twe\twill\tpay\tcash\tfor\tthe\tprincipal\tamount\tand\tdeliver\tshares\tof\tour\tcommon\tstock\tbased\ton\ta\tdaily\tconversion\tvalue.\tIf\ta\nfundamental\tchange\toccurs\tprior\tto\tthe\tapplicable\tmaturity\tdate,\tholders\tof\tthese\tnotes\tmay\trequire\tus\tto\trepurchase\tall\tor\ta\tportion\tof\ttheir\tnotes\tfor\tcash\tat\ta\nrepurchase\tprice\tequal\tto\t\n100\n%\tof\tthe\tprincipal\tamount\tplus\tany\taccrued\tand\tunpaid\tinterest.\tIn\taddition,\tif\tspecific\tcorporate\tevents\toccur\tprior\tto\tthe\napplicable\tmaturity\tdate,\twe\twould\tincrease\tthe\tconversion\trate\tfor\ta\tholder\twho\telects\tto\tconvert\ttheir\tnotes\tin\tconnection\twith\tsuch\tan\tevent\tin\tcertain\ncircumstances.\nIn\taccordance\twith\tGAAP\trelating\tto\tembedded\tconversion\tfeatures,\twe\tinitially\tvalued\tand\tbifurcated\tthe\tconversion\tfeatures\tassociated\twith\tthese\nnotes.\tWe\trecorded\tto\tstockholders\u2019\tequity\t$\n369"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
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{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 81, "chroma:document": "369\n\tmillion\tfor\tthe\tconversion\tfeature.\tThe\tresulting\tdebt\tdiscount\tis\tbeing\tamortized\tto\tinterest\texpense\tat\tan\neffective\tinterest\trate\tof\t\n5.96\n%.\n82"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b7bc-f41d-11ee-a3fb-0242ac1c000c
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{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 82, "chroma:document": "In\tconnection\twith\tthe\toffering\tof\tthese\tnotes\tin\tMarch\tand\tApril\t2014,\twe\tentered\tinto\tconvertible\tnote\thedge\ttransactions\twhereby\twe\thad\tthe\toption\nto\tpurchase\t\n19.2\n\tmillion\tshares\tof\tour\tcommon\tstock\tat\ta\tprice\tof\t$\n71.97\n\tper\tshare,\t\nas\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit\n.\tThe\ttotal\tcost\tof\tthe\tconvertible\nnote\thedge\ttransactions\twas\t$\n398\n\tmillion.\tIn\taddition,\twe\tsold\twarrants\twhereby\tthe\tholders\tof\tthe\twarrants\thave\tthe\toption\tto\tpurchase\t\n19.2\n\tmillion\tshares\tof\nour\tcommon\tstock\tat\ta\tprice\tof\t$\n112.13\n\tper\tshare,\t\nas\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit\n.\tWe\treceived\t$\n257\n\tmillion\tin\ttotal\tcash\tproceeds\tfrom\tthe\tsales\tof\nthese\twarrants.\tTaken\ttogether,\tthe\tpurchases\tof\tthe\tconvertible\tnote\thedges\tand\tthe\tsales\tof\tthe\twarrants\tare\tintended\tto\treduce\tpotential\tdilution\tand/or\ncash\tpayments\tfrom\tthe\tconversion\tof\tthese\tnotes\tand\tto\teffectively\tincrease\tthe\toverall\tconversion\tfrom\t$\n71.97\n\tto\t$\n112.13\n\tper\tshare,\tas\tadjusted\tto\tgive\teffect\nto\tthe\tStock\tSplit.\tAs\tthese\ttransactions\tmeet\tcertain\taccounting\tcriteria,\tthe\tconvertible\tnote\thedges\tand\twarrants\tare\trecorded\tin\tstockholders\u2019\tequity\tand\nare\tnot\taccounted\tfor\tas\tderivatives.\tThe\tnet\tcost\tincurred\tin\tconnection\twith\tthe\tconvertible\tnote\thedge\tand\twarrant\ttransactions\twas\trecorded\tas\ta\treduction\nto\tadditional\tpaid-in\tcapital\ton\tthe\tconsolidated\tbalance\tsheet.\nDuring\teach\tof\tthe\tquarters\tof\t2020,\tthe\tclosing\tprice\tof\tour\tcommon\tstock\texceeded\t\n130\n%\tof\tthe\tapplicable\tconversion\tprice\tof\tthe\t2021\tNotes\ton\tat\nleast\t\n20\n\tof\tthe\tlast\t\n30"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b820-f41d-11ee-a3fb-0242ac1c000c
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{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 82, "chroma:document": "least\t\n20\n\tof\tthe\tlast\t\n30\n\tconsecutive\ttrading\tdays\tof\tthe\tquarter,\tcausing\tthe\t2021\tNotes\tto\tbe\tconvertible\tby\ttheir\tholders\tduring\tthe\tsecond,\tthird\tand\tfourth\nquarters\tof\t2020.\tAs\tthe\tsettlement\tof\tconversion\tof\tthe\t2021\tNotes\tis\tin\tcash\tfor\tthe\tprincipal\tamount\tand,\tif\tapplicable,\tcash\tand/or\tshares\tof\tour\tcommon\nstock\tfor\tany\tconversion\tpremium\tat\tour\telection,\twe\treclassified\t$\n3\n\tmillion,\trepresenting\tthe\tdifference\tbetween\tthe\taggregate\tprincipal\tof\tour\t2021\tNotes\tand\nthe\tcarrying\tvalue\tas\tof\tDecember\t31,\t2020,\tas\tmezzanine\tequity\tfrom\tpermanent\tequity\ton\tour\tconsolidated\tbalance\tsheet\tas\tof\tDecember\t31,\t2020.\tThe\tdebt\ndiscounts\trecorded\ton\tthe\t2021\tNotes\tare\trecognized\tas\tinterest\texpense\tthrough\tMarch\t2021\tand\tearly\tconversions\thave\tresulted\tin\tthe\tacceleration\tof\tsuch\nrecognition\tthrough\tDecember\t31,\t2020,\tincluding\tthe\tlosses\ton\textinguishment\tof\tdebt\tappearing\tin\tthe\tInterest\tExpense\ttable\tbelow.\nDuring\tthe\tyear\tended\tDecember\t31,\t2020,\t$\n958\n\tmillion\tin\taggregate\tprincipal\tamount\tof\tthe\t2021\tNotes\twere\tconverted\tfor\t$\n958\n\tmillion\tin\tcash\tand\n11.1\n\tmillion\tshares\tof\tour\tcommon\tstock,\tas\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit.\tAs\ta\tresult,\twe\trecorded\ta\tdecrease\tto\tadditional\tpaid-in\tcapital\tof\t$\n6\nmillion.\tThe\tnote\thedges\twe\tentered\tinto\tin\tconnection\twith\tthe\tissuance\tof\tthe\t2021\tNotes\twere\tautomatically\tsettled\twith\tthe\trespective\tconversions\tof\tthe\nnotes,\tresulting\tin\tthe\treceipt\tof\t\n11.1\n\tmillion\tshares\tof\tour\tcommon\tstock,\tas\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit.\t\t\nThe\trelated\twarrants\twill\tsettle\tunder"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
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{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 82, "chroma:document": "The\trelated\twarrants\twill\tsettle\tunder\ntheir\tterms\tafter\tthe\tmaturity\tor\tsettlement\tof\tthe\trelated\tconvertible\tdebt.\tThe\tremaining\tnotes\toutstanding\tare\texpected\tto\tconvert\tin\tthe\tfirst\tquarter\tof\nfiscal\tyear\t2021.\tAs\tof\tDecember\t31,\t2020,\tthe\tif-converted\tvalue\tof\tthe\t2021\tNotes\texceeds\tthe\toutstanding\tprincipal\tamount\tby\t$\n3.71\n\tbillion.\n2022\tNotes,\tBond\tHedges\tand\tWarrant\tTransactions\nIn\tMarch\t2017,\twe\tissued\t$\n978\n\tmillion\tin\taggregate\tprincipal\tamount\tof\tour\t2022\tNotes\tin\ta\tpublic\toffering.\tThe\tnet\tproceeds\tfrom\tthe\tissuance,\tafter\ndeducting\ttransaction\tcosts,\twere\t$\n966\n\tmillion.\nAs\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit,\n\teach\t$\n1,000\n\tof\tprincipal\tof\tthe\t2022\tNotes\tis\tconvertible\tinto\t\n15.2670\n\tshares\tof\tour\tcommon\tstock,\twhich\tis\nequivalent\tto\ta\tconversion\tprice\tof\t$\n65.50\n\tper\tshare,\tsubject\tto\tadjustment\tupon\tthe\toccurrence\tof\tspecified\tevents.\tHolders\tof\tthe\t2022\tNotes\tmay\tconvert,\tat\ntheir\toption,\ton\tor\tafter\tDecember\t15,\t2021.\tFurther,\tholders\tof\tthe\t2022\tNotes\tmay\tconvert,\tat\ttheir\toption,\tprior\tto\tDecember\t15,\t2021\tonly\tunder\tthe\nfollowing\tcircumstances:\t(1)\tduring\tany\tquarter\tbeginning\tafter\tJune\t30,\t2017,\tif\tthe\tclosing\tprice\tof\tour\tcommon\tstock\tfor\tat\tleast\t\n20\n\ttrading\tdays\t(whether\tor\nnot\tconsecutive)\tduring\tthe\tlast\t\n30\n\tconsecutive\ttrading\tdays\timmediately\tpreceding\tthe\tquarter\tis\tgreater\tthan\tor\tequal\tto\t\n130\n%\tof\tthe\tconversion\tprice;\t(2)\nduring\tthe\tfive-business\tday\tperiod\tfollowing\tany\t\nfive"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b8de-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 82, "chroma:document": "five\n-consecutive\ttrading\tday\tperiod\tin\twhich\tthe\ttrading\tprice\tof\tthe\t2022\tNotes\tis\tless\tthan\t\n98\n%\tof\tthe\nproduct\tof\tthe\tclosing\tprice\tof\tour\tcommon\tstock\tand\tthe\tapplicable\tconversion\trate\tfor\teach\tday\tduring\tsuch\tfive-consecutive\ttrading\tday\tperiod\tor\t(3)\tif\twe\nmake\tspecified\tdistributions\tto\tholders\tof\tour\tcommon\tstock\tor\tif\tspecified\tcorporate\ttransactions\toccur.\tUpon\ta\tconversion,\tthe\t2022\tNotes\twill\tbe\tsettled\tin\ncash,\tshares\tof\tour\tcommon\tstock\tor\ta\tcombination\tthereof,\tat\tour\telection.\tIf\ta\tfundamental\tchange\toccurs\tprior\tto\tthe\tmaturity\tdate,\tholders\tof\tthe\t2022\nNotes\tmay\trequire\tus\tto\trepurchase\tall\tor\ta\tportion\tof\ttheir\t2022\tNotes\tfor\tcash\tat\ta\trepurchase\tprice\tequal\tto\t\n100\n%\tof\tthe\tprincipal\tamount\tplus\tany\taccrued\nand\tunpaid\tinterest.\tIn\taddition,\tif\tspecific\tcorporate\tevents\toccur\tprior\tto\tthe\tmaturity\tdate,\twe\twould\tincrease\tthe\tconversion\trate\tfor\ta\tholder\twho\telects\tto\nconvert\tits\t2022\tNotes\tin\tconnection\twith\tsuch\tan\tevent\tin\tcertain\tcircumstances.\nIn\taccordance\twith\tGAAP\trelating\tto\tembedded\tconversion\tfeatures,\twe\tinitially\tvalued\tand\tbifurcated\tthe\tconversion\tfeature\tassociated\twith\tthe\t2022\nNotes.\tWe\trecorded\tto\tstockholders\u2019\tequity\t$\n146\n\tmillion\tfor\tthe\tconversion\tfeature.\tThe\tresulting\tdebt\tdiscount\tis\tbeing\tamortized\tto\tinterest\texpense\tat\tan\neffective\tinterest\trate\tof\t\n6.00\n%.\n83"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b938-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 83, "chroma:document": "In\tconnection\twith\tthe\toffering\tof\tthe\t2022\tNotes,\twe\tentered\tinto\tconvertible\tnote\thedge\ttransactions\twhereby\twe\thad\tthe\toption\tto\tpurchase\n14.9\n\tmillion\tshares\tof\tour\tcommon\tstock\tat\ta\tprice\tof\t$\n65.50\n\tper\tshare\t\nas\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit\n.\tThe\tcost\tof\tthe\tconvertible\tnote\thedge\ntransactions\twas\t$\n204\n\tmillion.\tIn\taddition,\twe\tsold\twarrants\twhereby\tthe\tholders\tof\tthe\twarrants\thave\tthe\toption\tto\tpurchase\t\n14.9\n\tmillion\tshares\tof\tour\ncommon\tstock\tat\ta\tprice\tof\t$\n131.00\n\tper\tshare.\tWe\treceived\t$\n53\n\tmillion\tin\tcash\tproceeds\tfrom\tthe\tsale\tof\tthese\twarrants.\tTaken\ttogether,\tthe\tpurchase\tof\tthe\nconvertible\tnote\thedges\tand\tthe\tsale\tof\tthe\twarrants\tare\tintended\tto\treduce\tpotential\tdilution\tfrom\tthe\tconversion\tof\tthe\t2022\tNotes\tand\tto\teffectively\tincrease\nthe\toverall\tconversion\tprice\tfrom\t$\n65.50\n\tto\t$\n131.00\n\tper\tshare,\tas\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit.\tAs\tthese\ttransactions\tmeet\tcertain\taccounting\ncriteria,\tthe\tconvertible\tnote\thedges\tand\twarrants\tare\trecorded\tin\tstockholders\u2019\tequity\tand\tare\tnot\taccounted\tfor\tas\tderivatives.\tThe\tnet\tcost\tincurred\tin\nconnection\twith\tthe\tconvertible\tnote\thedge\tand\twarrant\ttransactions\twas\trecorded\tas\ta\treduction\tto\tadditional\tpaid-in\tcapital\ton\tthe\tconsolidated\tbalance\nsheet.\nDuring\teach\tof\tthe\tquarters\tof\t2020,\tthe\tclosing\tprice\tof\tour\tcommon\tstock\texceeded\t\n130\n%\tof\tthe\tapplicable\tconversion\tprice\tof\tthe\t2022\tNotes\ton\tat\nleast\t\n20\n\tof\tthe\tlast\t\n30\n\tconsecutive\ttrading\tdays\tof\tthe\tquarter,\tcausing\tthe\t2022\tNotes\tto\tbe\tconvertible\tby\ttheir\tholders\tduring\tthe\tsecond,\tthird\tand\tfourth"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b992-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 83, "chroma:document": "quarters\tof\t2020\tand\tthe\tfirst\tquarter\tof\t2021.\tAs\twe\tnow\texpect\tto\tsettle\ta\tportion\tof\tthe\t2022\tNotes\tin\tthe\tfirst\tquarter\tof\t2021,\twe\treclassified\t$\n115\n\tmillion\nof\tthe\tcarrying\tvalue\tof\tthe\t2022\tNotes\tfrom\tdebt\tand\tfinance\tleases,\tnet\tof\tcurrent\tportion\tto\tcurrent\tportion\tof\tdebt\tand\tfinance\tleases\ton\tour\tconsolidated\nbalance\tsheet\tas\tof\tDecember\t31,\t2020.\tAdditionally,\twe\treclassified\t$\n5\n\tmillion,\trepresenting\tthe\tdifference\tbetween\tthe\tcurrent\tportion\tof\taggregate\tprincipal\nof\tour\t2022\tNotes\tand\tthe\tcurrent\tportion\tof\tthe\tcarrying\tvalue\tas\tof\tDecember\t31,\t2020,\tas\tmezzanine\tequity\tfrom\tpermanent\tequity\ton\tour\tconsolidated\nbalance\tsheet\tas\tof\tDecember\t31,\t2020.\tAs\tthe\tsettlement\tof\tconversion\tof\tthe\tremainder\tof\tthe\t2022\tNotes\twould\tbe\tin\tcash,\tshares\tof\tour\tcommon\tstock\tor\ta\ncombination\tthereof\tis\tat\tour\telection,\tthe\tremaining\tliability\tis\tclassified\tas\tnon-current.\tThe\tdebt\tdiscounts\trecorded\ton\tthe\t2022\tNotes\tare\trecognized\tas\ninterest\texpense\tthrough\tMarch\t2022\tand\tearly\tconversions\thave\tresulted\tin\tthe\tacceleration\tof\tsuch\trecognition\tthrough\tDecember\t31,\t2020,\tincluding\tthe\nlosses\ton\textinguishment\tof\tdebt\tappearing\tin\tthe\tInterest\tExpense\ttable\tbelow.\nDuring\tthe\tyear\tended\tDecember\t31,\t2020,\t$\n474\n\tmillion\tin\taggregate\tprincipal\tamount\tof\tthe\t2022\tNotes\twere\tconverted\tfor\t$\n474\n\tmillion\tin\tcash\tand\n6.2\n\tmillion\tshares\tof\tour\tcommon\tstock,\tas\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit.\tAs\ta\tresult,\twe\trecorded\ta\tdecrease\tto\tadditional\tpaid-in\tcapital\tof\t$\n5"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7b9ec-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 83, "chroma:document": "5\nmillion.\tThe\tnote\thedges\twe\tentered\tinto\tin\tconnection\twith\tthe\tissuance\tof\tthe\t2022\tNotes\twere\tautomatically\tsettled\twith\tthe\trespective\tconversions\tof\tthe\n2022\tNotes,\tresulting\tin\tthe\treceipt\tof\t\n6.2\n\tmillion\tshares\tof\tour\tcommon\tstock,\tas\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit.\t\nThe\trelated\twarrants\twill\tsettle\nunder\ttheir\tterms\tafter\tthe\tmaturity\tor\tsettlement\tof\tthe\t2022\tNotes.\t\nAs\tof\tDecember\t31,\t2020,\tthe\tif-converted\tvalue\tof\tthe\tnotes\texceeds\tthe\toutstanding\nprincipal\tamount\tby\t$\n4.92\n\tbillion.\n2024\tNotes,\tBond\tHedges\tand\tWarrant\tTransactions\nIn\tMay\t2019,\twe\tissued\t$\n1.84\n\tbillion\tin\taggregate\tprincipal\tamount\tof\tour\t\n2024\n\tNotes\tin\ta\tpublic\toffering.\tThe\tnet\tproceeds\tfrom\tthe\tissuance,\tafter\ndeducting\ttransaction\tcosts,\twere\t$\n1.82\n\tbillion.\nAs\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit,\n\teach\t$\n1,000\n\tof\tprincipal\tof\tthe\t2024\tNotes\tis\tconvertible\tinto\t\n16.1380\n\tshares\tof\tour\tcommon\tstock,\twhich\tis\nequivalent\tto\ta\tconversion\tprice\tof\t$\n61.97\n\tper\tshare,\tsubject\tto\tadjustment\tupon\tthe\toccurrence\tof\tspecified\tevents.\tHolders\tof\tthe\t2024\tNotes\tmay\tconvert,\tat\ntheir\toption,\ton\tor\tafter\tFebruary\t15,\t2024.\tFurther,\tholders\tof\tthe\t2024\tNotes\tmay\tconvert,\tat\ttheir\toption,\tprior\tto\tFebruary\t15,\t2024\tonly\tunder\tthe\tfollowing\ncircumstances:\t(1)\tduring\tany\tcalendar\tquarter\tcommencing\tafter\tSeptember\t30,\t2019\t(and\tonly\tduring\tsuch\tcalendar\tquarter),\tif\tthe\tlast\treported\tsale\tprice\tof\nour\tcommon\tstock\tfor\tat\tleast\t\n20"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7ba50-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 83, "chroma:document": "our\tcommon\tstock\tfor\tat\tleast\t\n20\n\ttrading\tdays\t(whether\tor\tnot\tconsecutive)\tduring\ta\tperiod\tof\t\n30\n\tconsecutive\ttrading\tdays\tending\ton\tthe\tlast\ttrading\tday\tof\nimmediately\tpreceding\tcalendar\tquarter\tis\tgreater\tthan\tor\tequal\tto\t\n130\n%\tof\tthe\tconversion\tprice\ton\teach\ttrading\tday;\t(2)\tduring\tthe\tfive-business\tday\tperiod\nafter\tany\t\nfive\n-consecutive\ttrading\tday\tperiod\tin\twhich\tthe\ttrading\tprice\tper\t$1,000\tprincipal\tamount\tof\tthe\t2024\tNotes\tfor\teach\ttrading\tday\tof\tsuch\tperiod\tis\nless\tthan\t\n98\n%\tof\tthe\tproduct\tof\tthe\tlast\treported\tsale\tprice\tof\tour\tcommon\tstock\tand\tthe\tconversion\trate\ton\teach\tsuch\ttrading\tday,\tor\t(3)\tif\tspecified\tcorporate\nevents\toccur.\tUpon\tconversion,\tthe\t2024\tNotes\twill\tbe\tsettled\tin\tcash,\tshares\tof\tour\tcommon\tstock\tor\ta\tcombination\tthereof,\tat\tour\telection.\tIf\ta\tfundamental\nchange\toccurs\tprior\tto\tthe\tmaturity\tdate,\tholders\tof\tthe\t2024\tNotes\tmay\trequire\tus\tto\trepurchase\tall\tor\ta\tportion\tof\ttheir\t2024\tNotes\tfor\tcash\tat\ta\trepurchase\nprice\tequal\tto\t\n100\n%\tof\tthe\tprincipal\tamount\tplus\tany\taccrued\tand\tunpaid\tinterest.\tIn\taddition,\tif\tspecific\tcorporate\tevents\toccur\tprior\tto\tthe\tmaturity\tdate,\twe\nwould\tincrease\tthe\tconversion\trate\tfor\ta\tholder\twho\telects\tto\tconvert\tits\t2024\tNotes\tin\tconnection\twith\tsuch\tan\tevent\tin\tcertain\tcircumstances.\nIn\taccordance\twith\tGAAP\trelating\tto\tembedded\tconversion\tfeatures,\twe\tinitially\tvalued\tand\tbifurcated\tthe\tconversion\tfeature\tassociated\twith\tthe\t2024\nNotes.\tWe\trecorded\tto\tstockholders\u2019\tequity\t$\n491\n\tmillion\tfor\tthe\tconversion\tfeature.\tThe\tresulting\tdebt\tdiscount\tis\tbeing\tamortized\tto\tinterest\texpense\tat\tan\neffective\tinterest\trate\tof\t\n8.68\n%.\n84"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7baaa-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 84, "chroma:document": "In\tconnection\twith\tthe\toffering\tof\tthe\t2024\tNotes,\twe\tentered\tinto\tconvertible\tnote\thedge\ttransactions\twhereby\twe\thad\tthe\toption\tto\tpurchase\n29.7\n\tmillion\tshares\tof\tour\tcommon\tstock\tat\ta\tprice\tof\t$\n61.97\n\tper\tshare\t\nas\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit\n.\tThe\tcost\tof\tthe\tconvertible\tnote\thedge\ntransactions\twas\t$\n476\n\tmillion.\tIn\taddition,\twe\tsold\twarrants\twhereby\tthe\tholders\tof\tthe\twarrants\thave\tthe\toption\tto\tpurchase\t\n29.7\n\tmillion\tshares\tof\tour\ncommon\tstock\tat\ta\tprice\tof\t$\n121.50\n\tper\tshare,\t\nas\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit\n.\tWe\treceived\t$\n174\n\tmillion\tin\tcash\tproceeds\tfrom\tthe\tsale\tof\tthese\nwarrants.\tTaken\ttogether,\tthe\tpurchase\tof\tthe\tconvertible\tnote\thedges\tand\tthe\tsale\tof\tthe\twarrants\tare\tintended\tto\treduce\tpotential\tdilution\tfrom\tthe\nconversion\tof\tthe\t2024\tNotes\tand\tto\teffectively\tincrease\tthe\toverall\tconversion\tprice\tfrom\t$\n61.97\n\tto\t$\n121.50\n\tper\tshare.\tAs\tthese\ttransactions\tmeet\tcertain\naccounting\tcriteria,\tthe\tconvertible\tnote\thedges\tand\twarrants\tare\trecorded\tin\tstockholders\u2019\tequity\tand\tare\tnot\taccounted\tfor\tas\tderivatives.\tThe\tnet\tcost\nincurred\tin\tconnection\twith\tthe\tconvertible\tnote\thedge\tand\twarrant\ttransactions\twas\trecorded\tas\ta\treduction\tto\tadditional\tpaid-in\tcapital\ton\tthe\tconsolidated\nbalance\tsheet.\nDuring\teach\tof\tthe\tquarters\tof\t2020,\tthe\tclosing\tprice\tof\tour\tcommon\tstock\texceeded\t\n130\n%\tof\tthe\tapplicable\tconversion\tprice\tof\tthe\t2024\tNotes\ton\tat\nleast\t\n20\n\tof\tthe\tlast\t\n30\n\tconsecutive\ttrading\tdays\tof\tthe\tquarter,\tcausing\tthe\t2024\tNotes\tto\tbe\tconvertible\tby\ttheir\tholders\tduring\tthe\tsecond,\tthird\tand\tfourth"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7bb04-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 84, "chroma:document": "quarters\tof\t2020\tand\tthe\tfirst\tquarter\tof\t2021.\tAs\twe\tnow\texpect\tto\tsettle\ta\tportion\tof\tthe\t2024\tNotes\tin\tthe\tfirst\tquarter\tof\t2021,\twe\treclassified\t\n$\n171\n\tmillion,\nof\tthe\tcarrying\tvalue\tof\tthe\t2024\tNotes\tfrom\tdebt\tand\tfinance\tleases,\tnet\tof\tcurrent\tportion\tto\tcurrent\tportion\tof\tdebt\tand\tfinance\tleases\ton\tour\tconsolidated\nbalance\tsheet\tas\tof\tDecember\t31,\t2020.\tAdditionally,\twe\treclassified\t$\n43\n\tmillion,\trepresenting\tthe\tdifference\tbetween\tthe\tcurrent\tportion\tof\taggregate\nprincipal\tof\tour\t2024\tNotes\tand\tthe\tcurrent\tportion\tof\tthe\tcarrying\tvalue\tas\tof\tDecember\t31,\t2020,\tas\tmezzanine\tequity\tfrom\tpermanent\tequity\ton\tour\nconsolidated\tbalance\tsheet\tas\tof\tDecember\t31,\t2020.\tAs\tthe\tsettlement\tof\tconversion\tof\tthe\tremainder\tof\tthe\t2024\tNotes\twould\tbe\tin\tcash,\tshares\tof\tour\ncommon\tstock\tor\ta\tcombination\tthereof\tis\tat\tour\telection,\tthe\tremaining\tliability\tis\tclassified\tas\tnon-current.\tThe\tdebt\tdiscounts\trecorded\ton\tthe\t2024\tNotes\tare\nrecognized\tas\tinterest\texpense\tthrough\tMay\t2024\tand\tearly\tconversions\thave\tresulted\tin\tthe\tacceleration\tof\tsuch\trecognition\tthrough\tDecember\t31,\t2020,\nincluding\tthe\tlosses\ton\textinguishment\tof\tdebt\tappearing\tin\tthe\tInterest\tExpense\ttable\tbelow.\nDuring\tthe\tyear\tended\tDecember\t31,\t2020,\t$\n558\n\tmillion\tin\taggregate\tprincipal\tamount\tof\tthe\t2024\tNotes\twere\tconverted\tfor\t$\n558\n\tmillion\tin\tcash\tand\n8.0\n\tmillion\tshares\tof\tour\tcommon\tstock,\tas\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit.\tAs\ta\tresult,\twe\trecorded\ta\tdecrease\tto\tadditional\tpaid-in\tcapital\tof\t$\n31"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7bb5e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 84, "chroma:document": "31\nmillion.\tThe\tnote\thedges\twe\tentered\tinto\tin\tconnection\twith\tthe\tissuance\tof\tthe\t2024\tNotes\twere\tautomatically\tsettled\twith\tthe\trespective\tconversions\tof\tthe\n2024\tNotes,\tresulting\tin\tthe\treceipt\tof\t\n8.0\n\tmillion\tshares\tof\tour\tcommon\tstock,\tas\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit.\t\nThe\trelated\twarrants\twill\tsettle\nunder\ttheir\tterms\tafter\tthe\tmaturity\tor\tsettlement\tof\tthe\t2024\tNotes.\t\nAs\tof\tDecember\t31,\t2020,\tthe\tif-converted\tvalue\tof\tthe\tnotes\texceeds\tthe\toutstanding\nprincipal\tamount\tby\t$\n13.32\n\tbillion.\n2025\tNotes\nIn\tAugust\t2017,\twe\tissued\t$\n1.80\n\tbillion\tin\taggregate\tprincipal\tamount\tof\tthe\t2025\tNotes\tpursuant\tto\tRule\t144A\tand\tRegulation\tS\tunder\tthe\tSecurities\nAct.\tThe\tnet\tproceeds\tfrom\tthe\tissuance,\tafter\tdeducting\ttransaction\tcosts,\twere\t$\n1.77\n\tbillion.\nCredit\tAgreement\nIn\tJune\t2015,\twe\tentered\tinto\ta\tsenior\tasset-based\trevolving\tcredit\tagreement\t(as\tamended\tfrom\ttime\tto\ttime,\tthe\t\u201cCredit\tAgreement\u201d)\twith\ta\tsyndicate\nof\tbanks.\tBorrowed\tfunds\tbear\tinterest,\tat\tour\toption,\tat\tan\tannual\trate\tof\t(a)\t\n1\n%\tplus\tLIBOR\tor\t(b)\tthe\thighest\tof\t(i)\tthe\tfederal\tfunds\trate\tplus\t\n0.50\n%,\t(ii)\tthe\nlenders\u2019\t\u201cprime\trate\u201d\tor\t(iii)\t1%\tplus\tLIBOR.\tThe\tfee\tfor\tundrawn\tamounts\tis\t\n0.25\n%\tper\tannum.\tThe\tCredit\tAgreement\tis\tsecured\tby\tcertain\tof\tour\taccounts\nreceivable,\tinventory\tand\tequipment.\tAvailability\tunder\tthe\tCredit\tAgreement\tis\tbased\ton\tthe\tvalue\tof\tsuch\tassets,\tas\treduced\tby\tcertain\treserves."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7bbb8-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 84, "chroma:document": "In\tMarch\t2020,\twe\tupsized\tthe\tCredit\tAgreement\tby\t$\n100\n\tmillion,\twhich\tmatures\t\nJuly\t2023\n,\tto\t$\n2.525\n\tbillion.\tIn\tJune\t2020,\t$\n197\n\tmillion\tof\tcommitment\nunder\tthe\tCredit\tAgreement\texpired\tin\taccordance\twith\tits\tterms\tand\tthe\ttotal\tcommitment\tdecreased\tto\t$\n2.328\n\tbillion\n\t\n\t\t.\n\t\n\t\t\t\t\t\t\t\t\nZero-Coupon\tConvertible\tSenior\tNotes\tdue\tin\t2020\nIn\tDecember\t2015,\tSolarCity\tCorporation\t(\u201cSolarCity\u201d)\tissued\t$\n113\n\tmillion\tin\taggregate\tprincipal\tamount\tof\t\nZero\n-Coupon\tConvertible\tSenior\tNotes\tdue\non\t\nDecember\t1,\t2020\n\tin\ta\tprivate\tplacement.\t$\n13\n\tmillion\tof\tthese\tnotes\twere\tissued\tto\trelated\tparties.\n85"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7bc1c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 85, "chroma:document": "As\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit,\n\teach\t$\n1,000\n\tof\tprincipal\tof\tthese\tnotes\twas\tconvertible\tinto\t\n16.6665\n\tshares\tof\tour\tcommon\tstock,\twhich\tis\nequivalent\tto\ta\tconversion\tprice\tof\t$\n60.00\n\tper\tshare\t(subject\tto\tadjustment\tupon\tthe\toccurrence\tof\tspecified\tevents\trelated\tto\tdividends,\ttender\toffers\tor\nexchange\toffers).\tThe\tmaximum\tconversion\trate\tis\tcapped\tat\t\n21.1538\n\tshares\tfor\teach\t$1,000\tof\tprincipal\tof\tthese\tnotes,\twhich\tis\tequivalent\tto\ta\tminimum\nconversion\tprice\tof\t$\n47.27\n\tper\tshare.\tThe\tconvertible\tsenior\tnotes\tdo\tnot\thave\ta\tcash\tconversion\toption.\t\nThe\tholders\tof\tthese\tnotes\twere\table\tto\trequire\tus\tto\nrepurchase\ttheir\tnotes\tfor\tcash\tonly\tunder\tcertain\tdefined\tfundamental\tchanges.\tOn\tor\tafter\tJune\t30,\t2017,\tthese\tnotes\tare\tredeemable\tby\tus\tin\tthe\tevent\tthat\nthe\tclosing\tprice\tof\tour\tcommon\tstock\texceeds\t\n200\n%\tof\tthe\tconversion\tprice\tfor\t\n45\n\tconsecutive\ttrading\tdays\tending\twithin\tthree\ttrading\tdays\tof\tsuch\nredemption\tnotice\tat\ta\tredemption\tprice\tequal\tto\t\n100\n%\tof\tthe\tprincipal\tamount\tplus\tany\taccrued\tand\tunpaid\tinterest.\nDuring\tthe\tyear\tended\tDecember\t31,\t2020,\t$\n103\n\tmillion\tin\taggregate\tprincipal\tamount\tof\tthese\tnotes\twere\tconverted\tfor\t\n1.7\n\t\n\tmillion\tshares\tof\tour\ncommon\tstock,\tas\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit.\tAs\ta\tresult,\twe\trecorded\tan\tincrease\tto\tadditional\tpaid-in\tcapital\tof\t$\n101\n\tmillion.\t\n\t\nSolar\tBonds\tand\tother\tLoans"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7bc76-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 85, "chroma:document": "Solar\tBonds\tand\tother\tLoans\nSolar\tBonds\tare\tsenior\tunsecured\tobligations\tthat\tare\tstructurally\tsubordinate\tto\tthe\tindebtedness\tand\tother\tliabilities\tof\tour\tsubsidiaries.\tSolar\tBonds\nwere\tissued\tunder\tmultiple\tseries\twith\tvarious\tterms\tand\tinterest\trates.\tAdditionally,\twe\thave\tassumed\tthe\t\n5.50\n%\tConvertible\tSenior\tNotes\tdue\tin\t2022\tissued\nby\tMaxwell\t(the\t\u201cMaxwell\tNotes\u201d),\twhich\tare\tconvertible\tinto\tshares\tof\tour\tcommon\tstock\tas\ta\tresult\tof\tour\tacquisition\tof\tMaxwell.\tAs\tof\tDecember\t31,\t2020,\nthe\tif-converted\tvalue\tof\tthe\tMaxwell\tNotes\texceeds\tthe\toutstanding\tprincipal\tamount\tby\t$\n447\n\tmillion.\nAutomotive\tAsset-backed\tNotes\nFrom\ttime\tto\ttime,\twe\ttransfer\treceivables\tor\tbeneficial\tinterests\trelated\tto\tcertain\tleased\tvehicles\tinto\tspecial\tpurpose\tentities\t(\u201cSPEs\u201d)\tand\tissue\nAutomotive\tAsset-backed\tNotes,\tbacked\tby\tthese\tautomotive\tassets\tto\tinvestors.\tThe\tSPEs\tare\tconsolidated\tin\tthe\tfinancial\tstatements.\tThe\tcash\tflows\ngenerated\tby\tthese\tautomotive\tassets\tare\tused\tto\tservice\tthe\tprincipal\tand\tinterest\tpayments\ton\tthe\tAutomotive\tAsset-backed\tNotes\tand\tsatisfy\tthe\tSPEs\u2019\nexpenses,\tand\tany\tremaining\tcash\tis\tdistributed\tto\tthe\towners\tof\tthe\tSPEs.\tWe\trecognize\trevenue\tearned\tfrom\tthe\tassociated\tcustomer\tlease\tcontracts\tin\naccordance\twith\tour\trevenue\trecognition\tpolicy.\tThe\tSPEs\u2019\tassets\tand\tcash\tflows\tare\tnot\tavailable\tto\tour\tother\tcreditors,\tand\tthe\tcreditors\tof\tthe\tSPEs,\nincluding\tthe\tAutomotive\tAsset-backed\tNote\tholders,\thave\tno\trecourse\tto\tour\tother\tassets.\tA\tthird\tparty\tcontracted\twith\tus\tto\tprovide\tadministrative\tand\ncollection\tservices\tfor\tthese\tautomotive\tassets."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7bcd0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 85, "chroma:document": "collection\tservices\tfor\tthese\tautomotive\tassets.\nIn\tAugust\t2020,\twe\ttransferred\tbeneficial\tinterests\trelated\tto\tcertain\tleased\tvehicles\tinto\tan\tSPE\tand\tissued\t$\n709\n\tmillion\tin\taggregate\tprincipal\tamount\nof\tAutomotive\tAsset-backed\tNotes,\twith\tterms\tsimilar\tto\tour\tother\tAutomotive\tAsset-backed\tNotes.\tThe\tproceeds\tfrom\tthe\tissuance,\tnet\tof\tdiscounts\tand\tfees,\nwere\t$\n706\n\tmillion.\nSolar\tAsset-backed\tNotes\nFrom\ttime\tto\ttime,\tour\tsubsidiaries\tpool\tand\ttransfer\teither\tqualifying\tsolar\tenergy\tsystems\tand\tthe\tassociated\tcustomer\tcontracts\tor\tour\tinterests\tin\ncertain\tfinancing\tfunds\tinto\tSPEs\tand\tissue\tSolar\tAsset-backed\tNotes\tbacked\tby\tthese\tsolar\tassets\tor\tinterests\tto\tinvestors.\tThe\tSPEs\tare\twholly\towned\tby\tus\nand\tare\tconsolidated\tin\tthe\tfinancial\tstatements.\tThe\tcash\tflows\tgenerated\tby\tthese\tsolar\tassets\tor\tdistributed\tby\tthe\tunderlying\tfinancing\tfunds\tto\tcertain\nSPEs\tare\tused\tto\tservice\tthe\tprincipal\tand\tinterest\tpayments\ton\tthe\tSolar\tAsset-backed\tNotes\tand\tsatisfy\tthe\tSPEs\u2019\texpenses,\tand\tany\tremaining\tcash\tis\ndistributed\tto\tus.\tWe\trecognize\trevenue\tearned\tfrom\tthe\tassociated\tcustomer\tcontracts\tin\taccordance\twith\tour\trevenue\trecognition\tpolicy.\tThe\tSPEs\u2019\tassets\nand\tcash\tflows\tare\tnot\tavailable\tto\tour\tother\tcreditors,\tand\tthe\tcreditors\tof\tthe\tSPEs,\tincluding\tthe\tSolar\tAsset-backed\tNote\tholders,\thave\tno\trecourse\tto\tour\nother\tassets.\tWe\tcontracted\twith\tthe\tSPEs\tto\tprovide\toperations\t&\tmaintenance\tand\tadministrative\tservices\tfor\tthe\tsolar\tenergy\tsystems.\tAs\tof\tDecember\t31,\n2020,\tsolar\tassets\tpledged\tas\tcollateral\tfor\tSolar\tAsset-backed\tNotes\thad\ta\tcarrying\tvalue\tof\t$\n660"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7bd34-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 85, "chroma:document": "660\n\tmillion\tand\tare\tincluded\twithin\tsolar\tenergy\tsystems,\tnet,\ton\nthe\tconsolidated\tbalance\tsheet.\nChina\tLoan\tAgreements\nIn\tSeptember\t2019,\tone\tof\tour\tsubsidiaries\tentered\tinto\ta\tloan\tagreement\twith\ta\tlender\tin\tChina\tfor\tan\tunsecured\t12-month\trevolving\tfacility\tof\tup\tto\nRMB\t\n5.0\n\tbillion\t(or\tthe\tequivalent\tdrawn\tin\tU.S.\tdollars),\tto\t\nfinance\tvehicles\tin-transit\tto\tChina\t(the\t\u201cIn-transit\tFinance\tFacility\u201d)\n.\tBorrowed\tfunds\tincurred\ninterest\tat\tan\tannual\trate\tno\tgreater\tthan\t\n90\n%\tof\tthe\tone-year\trate\tpublished\tby\tthe\tPeople\u2019s\tBank\tof\tChina.\tThe\tloan\tfacility\tis\tnon-recourse\tto\tour\tassets.\tIn\nSeptember\t2020,\tthe\tIn-transit\tFinance\tFacility\tmatured.\n86"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7bd98-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 86, "chroma:document": "In\tDecember\t2019,\tone\tof\tour\tsubsidiaries\tentered\tinto\tloan\tagreements\twith\ta\tsyndicate\tof\tlenders\tin\tChina\tfor:\t(i)\ta\tsecured\tterm\tloan\tfacility\tof\tup\tto\nRMB\t\n9.0\n\tbillion\tor\tthe\tequivalent\tamount\tdrawn\tin\tU.S.\tdollars\t(the\t\u201cFixed\tAsset\tFacility\u201d)\tand\t(ii)\tan\tunsecured\trevolving\tloan\tfacility\tof\tup\tto\tRMB\t\n2.25\n\tbillion\nor\tthe\tequivalent\tamount\tdrawn\tin\tU.S.\tdollars\t(the\t\u201cWorking\tCapital\tFacility\u201d),\tin\teach\tcase\tto\tbe\tused\tin\tconnection\twith\tour\tconstruction\tof\tand\tproduction\nat\tour\tGigafactory\tShanghai.\t\nOutstanding\tborrowings\tpursuant\tto\tthe\tFixed\tAsset\tFacility\taccrue\tinterest\tat\ta\trate\tequal\tto:\t(i)\tfor\tRMB-denominated\tloans,\tthe\nmarket\tquoted\tinterest\trate\tpublished\tby\tthe\tPeople\u2019s\tBank\tof\tChina\tminus\t\n0.7625\n%,\tand\t\n(ii)\tfor\tU.S.\tdollar-denominated\tloans,\tthe\tsum\tof\tone-year\tLIBOR\tplus\n1.3\n%\n.\tOutstanding\tborrowings\tpursuant\tto\tthe\tWorking\tCapital\tFacility\tincurred\tinterest\tat\ta\trate\tequal\tto\tthe\tmarket\tquoted\tinterest\trate\tpublished\tby\tthe\nPeople\u2019s\tBank\tof\tChina\tminus\t\n0.4525\n\t\n%.\tThe\tFixed\tAsset\tFacility\tis\tsecured\tby\tcertain\treal\tproperty\trelating\tto\tGigafactory\tShanghai\tand\tboth\tfacilities\tare\nnon-recourse\tto\tour\tother\tassets.\tIn\tDecember\t2020,\tthe\tWorking\tCapital\tFacility\tmatured.\nIn\tMay\t2020,\tone\tof\tour\tsubsidiaries\tentered\tinto\tan\tadditional\tWorking\tCapital\tLoan\tContract\t(the\t\u201c2020\tChina\tWorking\tCapital\tFacility\u201d)\twith\ta\tlender\nin\tChina\tfor\tan\tunsecured\trevolving\tfacility\tof\tup\tto\tRMB\t\n4.00"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7bdf2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 86, "chroma:document": "4.00\n\tbillion\t(or\tthe\tequivalent\tamount\tdrawn\tin\tU.S.\tdollars),\tto\tbe\tused\tfor\texpenditures\trelated\tto\nproduction\tat\tour\tGigafactory\tShanghai.\tBorrowed\tfunds\tbear\tinterest\tat\tan\tannual\trate\tof:\t(i)\tfor\tRMB-denominated\tloans,\t\nthe\tmarket\tquoted\tinterest\trate\npublished\tby\tan\tauthority\tdesignated\tby\tthe\tPeople\u2019s\tBank\tof\tChina\tminus\t\n0.35\n%,\n\t\n(ii)\tfor\tU.S.\tdollar-denominated\tloans,\tthe\tsum\tof\tone-year\tLIBOR\tplus\n0.8\n%.\n\tThe\t2020\tChina\tWorking\tCapital\tFacility\tis\tnon-recourse\tto\tour\tassets\tand\tis\tscheduled\tto\tmature\tin\t\nJune\t2021\n,\tthe\tfirst\tanniversary\tof\tthe\tfirst\nborrowing\tunder\tthe\tloan.\nCash\tEquity\tDebt\nIn\tconnection\twith\tthe\tcash\tequity\tfinancing\tdeals\tclosed\tin\t2016,\tour\tsubsidiaries\tissued\t$\n502\n\tmillion\tin\taggregate\tprincipal\tamount\tof\tdebt\tthat\tbears\ninterest\tat\tfixed\trates.\tThis\tdebt\tis\tsecured\tby,\tamong\tother\tthings,\tour\tinterests\tin\tcertain\tfinancing\tfunds\tand\tis\tnon-recourse\tto\tour\tother\tassets.\nSolar\tLoan-backed\tNotes\nIn\tJanuary\t2016\tand\tJanuary\t2017,\tour\tsubsidiaries\tpooled\tand\ttransferred\tcertain\tMyPower\tcustomer\tnotes\treceivable\tinto\ttwo\tSPEs\tand\tissued\n$\n330\n\tmillion\tin\taggregate\tprincipal\tamount\tof\tSolar\tLoan-backed\tNotes,\tbacked\tby\tthese\tnotes\treceivable\tto\tinvestors.\t\nAccordingly,\twe\tdid\tnot\trecognize\ta\tgain\nor\tloss\ton\tthe\ttransfer\tof\tthese\tnotes\treceivable.\t\nThe\tSPEs\tare\twholly\towned\tby\tus\tand\tare\tconsolidated\tin\tthe\tfinancial\tstatements.\tThe\tpayments\treceived\tby"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7be4c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 86, "chroma:document": "the\tSPEs\tfrom\tthese\tnotes\treceivable\tare\tused\tto\tservice\tthe\tsemi-annual\tprincipal\tand\tinterest\tpayments\ton\tthe\tSolar\tLoan-backed\tNotes\tand\tsatisfy\tthe\tSPEs\u2019\nexpenses,\tand\tany\tremaining\tcash\tis\tdistributed\tto\tus.\tThe\tSPEs\u2019\tassets\tand\tcash\tflows\tare\tnot\tavailable\tto\tour\tother\tcreditors,\tand\tthe\tcreditors\tof\tthe\tSPEs,\nincluding\tthe\tSolar\tLoan-backed\tNote\tholders,\thave\tno\trecourse\tto\tour\tother\tassets.\nWarehouse\tAgreements\nIn\tAugust\t2016,\tour\tsubsidiaries\tentered\tinto\ta\tloan\tand\tsecurity\tagreement\t(as\tamended\tfrom\ttime\tto\ttime,\tthe\t\u201c2016\tWarehouse\tAgreement\u201d)\tfor\nborrowings\tsecured\tby\tthe\tfuture\tcash\tflows\tarising\tfrom\tcertain\tleases\tand\tthe\tassociated\tleased\tvehicles.\tOn\tAugust\t17,\t2017,\tthe\t2016\tWarehouse\nAgreement\twas\tamended\tto\tmodify\tthe\tinterest\trates\tand\textend\tthe\tavailability\tperiod\tand\tthe\tmaturity\tdate,\tand\tour\tsubsidiaries\tentered\tinto\tanother\tloan\nand\tsecurity\tagreement\t(the\t\u201c2017\tWarehouse\tAgreement\u201d)\twith\tsubstantially\tthe\tsame\tterms\tas\tand\tthat\tshared\tthe\tsame\tcommitted\tamount\twith\tthe\t2016\nWarehouse\tAgreement.\tOn\tAugust\t16,\t2018,\tthe\t2016\tWarehouse\tAgreement\tand\t2017\tWarehouse\tAgreement\twere\tamended\tto\textend\tthe\tavailability\tperiods\nthereunder\tfrom\tAugust\t17,\t2018\tto\tAugust\t16,\t2019\tand\textend\tthe\tmaturity\tdates\tfrom\t\nSeptember\t2019\n\tto\t\nSeptember\t2020\n.\tOn\tDecember\t28,\t2018,\tour\nsubsidiaries\tterminated\tthe\t2017\tWarehouse\tAgreement\tafter\thaving\tfully\trepaid\tall\tobligations\tthereunder,\tand\tentered\tinto\ta\tthird\tloan\tand\tsecurity"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7bea6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 86, "chroma:document": "agreement\twith\tsubstantially\tthe\tsame\tterms\tas\tand\tthat\tshared\tthe\tsame\tcommitted\tamount\twith\tthe\t2016\tWarehouse\tAgreement\t(the\t\u201c2018\tWarehouse\nAgreement\u201d).\tWe\trefer\tto\tthese\tagreements\ttogether\tas\tthe\t\u201cWarehouse\tAgreements\u201d.\tAmounts\tdrawn\tunder\tthe\tWarehouse\tAgreements\tgenerally\tbear\tor\nbore\tinterest\tat\ta\tfixed\tmargin\tabove\t(i)\tLIBOR\tor\t(ii)\tthe\tcommercial\tpaper\trate.\tThe\tWarehouse\tAgreements\tare\tor\twere\tnon-recourse\tto\tour\tother\tassets.\nIn\tAugust\t2020,\tone\tof\tour\tsubsidiaries\tterminated\tthe\t2018\tWarehouse\tAgreement\tafter\thaving\tfully\trepaid\tall\tobligations\tthereunder,\tleaving\tthe\t2016\nWarehouse\tAgreement\tas\tthe\tonly\tremaining\tWarehouse\tAgreement.\tIn\tAugust\t2020,\twe\tfurther\tamended\tand\trestated\tthe\t2016\tWarehouse\tAgreement\tto\nextend\tthe\tmaturity\tdate\tto\tSeptember\t2022.\tThe\t2016\tWarehouse\tAgreement\tcurrently\thas\tan\taggregate\tlender\tcommitment\tof\t$\n1.10\n\tbillion,\tthe\tsame\tamount\nas\tthe\taggregate\tlender\tcommitment\tpreviously\tshared\twith\tthe\t2018\tWarehouse\tAgreement\tprior\tto\tthe\ttermination\tof\tthe\tlatter.\nPursuant\tto\tthe\tWarehouse\tAgreements,\tan\tundivided\tbeneficial\tinterest\tin\tthe\tfuture\tcash\tflows\tarising\tfrom\tcertain\tleases\tand\tthe\trelated\tleased\nvehicles\thas\tbeen\tsold\tfor\tlegal\tpurposes\tbut\tcontinues\tto\tbe\treported\tin\tthe\tconsolidated\tfinancial\tstatements.\tThe\tinterest\tin\tthe\tfuture\tcash\tflows\tarising\nfrom\tthese\tleases\tand\tthe\trelated\tvehicles\tis\tnot\tavailable\tto\tpay\tthe\tclaims\tof\tour\tcreditors\tother\tthan\tpursuant\tto\tobligations\tto\tthe\tlenders\tunder\tthe\nWarehouse\tAgreements.\n\t\nAny\texcess\tcash\tflows\tnot\trequired\tto\tpay\tobligations\tunder\tthe\tWarehouse\tAgreements\tare\tor\twere\tavailable\tfor\tdistributions.\n\t\n\t\n87"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7bf00-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 87, "chroma:document": "Solar\tTerm\tLoans\nOur\tsubsidiaries\thave\tentered\tinto\tagreements\tfor\tterm\tloans\twith\tvarious\tfinancial\tinstitutions.\t\nThe\tterm\tloans\tare\tsecured\tby\tsubstantially\tall\tof\tthe\nassets\tof\tthe\tsubsidiaries,\tincluding\tits\tinterests\tin\tcertain\tfinancing\tfunds,\tand\tare\tnon-recourse\tto\tour\tother\tassets\n.\t\nAutomotive\tLease-backed\tCredit\tFacilities\nIn\tDecember\t2016,\tone\tof\tour\tsubsidiaries\tentered\tinto\ta\tcredit\tagreement\t(the\t\u201cCanada\tCredit\tFacility\u201d)\twith\ta\tbank\tfor\tborrowings\tsecured\tby\tour\ninterests\tin\tcertain\tvehicle\tleases.\tIn\tDecember\t2017\tand\tDecember\t2018,\tthe\tCanada\tCredit\tFacility\twas\tamended\tto\tadd\tour\tinterests\tin\tadditional\tvehicle\nleases\tas\tcollateral,\tallowing\tus\tto\tdraw\tadditional\tfunds.\tAmounts\tdrawn\tunder\tthe\tCanada\tCredit\tFacility\tbear\tinterest\tat\tfixed\trates.\tThe\tCanada\tCredit\nFacility\tis\tnon-recourse\tto\tour\tother\tassets.\nIn\tSeptember\t2020,\tan\tSPE\tentered\tinto\ta\trevolving\tcredit\tfacility\twith\ta\tbank\tfor\tborrowings\tsecured\tby\tthe\tbeneficial\tinterests\trelated\tto\tcertain\nleased\tvehicles\tthat\twe\ttransferred\tto\tthe\tSPE.\tAmounts\tdrawn\tunder\tthis\tfacility\tbear\tinterest\tat\t\n1.85\n%\tplus\tLIBOR\tand\tare\tnon-recourse\tto\tour\tother\tassets.\nSolar\tRevolving\tCredit\tFacility\tand\tother\tLoans\nWe\thave\tentered\tinto\tvarious\tsolar\trevolving\tcredit\tfacility\tand\tother\tloan\tagreements\twith\tvarious\tfinancial\tinstitutions.\t\n\t\nThe\tsolar\trevolving\tcredit\nfacility\tis\tsecured\tby\tcertain\tassets\tof\tthe\tsubsidiary\tand\tis\tnon-recourse\tto\tour\tother\tassets.\nInterest\tExpense"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7bf5a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 87, "chroma:document": "Interest\tExpense\nThe\tfollowing\ttable\tpresents\tthe\tinterest\texpense\trelated\tto\tthe\tcontractual\tinterest\tcoupon,\tthe\tamortization\tof\tdebt\tissuance\tcosts,\tthe\tamortization\tof\ndebt\tdiscounts\n\tand\tlosses\ton\textinguishment\tof\tdebt\n\ton\tour\tconvertible\tsenior\tnotes\twith\tcash\tconversion\tfeatures,\twhich\tinclude\tthe\t1.50%\tConvertible\tSenior\nNotes\tdue\tin\t2018\t(matured\tin\tJune\t2018),\tthe\t2019\tNotes\t(matured\tin\tMarch\t2019),\tthe\t2021\tNotes,\tthe\t2022\tNotes\tand\tthe\t2024\tNotes\t(in\tmillions):\n\t\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\n\t\n2018\n\t\nContractual\tinterest\tcoupon\n\t\n$\n73\n\t\n\t\n$\n65\n\t\n\t\n$\n43\n\t\nAmortization\tof\tdebt\tissuance\tcosts\n\t\n\t\n7\n\t\n\t\n\t\n7\n\t\n\t\n\t\n7\n\t\nAmortization\tof\tdebt\tdiscounts\n\t\n\t\n173\n\t\n\t\n\t\n148\n\t\n\t\n\t\n123\n\t\nLosses\ton\textinguishment\tof\tdebt\n\t\n\t\n105\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\u2014\n\t\nTotal\n\t\n$\n358\n\t\n\t\n$\n220\n\t\n\t\n$\n173\n\t\n\t\nPledged\tAssets\nAs\tof\tDecember\t31,\t2020\tand\t2019,\twe\thad\tpledged\tor\trestricted\t\n$\n6.04\n\tbillion\tand\t$\n5.72\n\tbillion\tof\tour\tassets\t(consisting\tprincipally\tof\trestricted\tcash,\nreceivables,\tinventory,\tSRECs,\tsolar\tenergy\tsystems,\toperating\tlease\tvehicles,\tland\tuse\trights,\tproperty\tand\tequipment,\tand\tequity\tinterests\tin\tcertain\tSPEs)\tas\ncollateral\tfor\tour\toutstanding\tdebt.\nSchedule\tof\tPrincipal\tMaturities\tof\tDebt"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7bfb4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 87, "chroma:document": "Schedule\tof\tPrincipal\tMaturities\tof\tDebt\nThe\tfuture\tscheduled\tprincipal\tmaturities\tof\tdebt\tas\tof\tDecember\t31,\t2020\twere\tas\tfollows\t(in\tmillions):\n\t\n\t\n\t\nRecourse\tdebt\n\t\n\t\nNon-recourse\tdebt\n\t\n\t\nTotal\n\t\n2021\n\t\n$\n760\n\t\n\t\n$\n1,058\n\t\n\t\n$\n1,818\n\t\n2022\n\t\n\t\n427\n\t\n\t\n\t\n1,508\n\t\n\t\n\t\n1,935\n\t\n2023\n\t\n\t\n1,895\n\t\n\t\n\t\n511\n\t\n\t\n\t\n2,406\n\t\n2024\n\t\n\t\n1,068\n\t\n\t\n\t\n783\n\t\n\t\n\t\n1,851\n\t\n2025\n\t\n\t\n1,804\n\t\n\t\n\t\n175\n\t\n\t\n\t\n1,979\n\t\nThereafter\n\t\n\t\n3\n\t\n\t\n\t\n577\n\t\n\t\n\t\n580\n\t\nTotal\n\t\n$\n5,957\n\t\n\t\n$\n4,612\n\t\n\t\n$\n10,569\n\t\n\t\n\t\n88"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c018-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 88, "chroma:document": "Note\t13\t\u2013\tLeases\nWe\thave\tentered\tinto\tvarious\toperating\tand\tfinance\tlease\tagreements\tfor\tcertain\tof\tour\toffices,\tmanufacturing\tand\twarehouse\tfacilities,\tretail\tand\nservice\tlocations,\tequipment,\tvehicles,\tand\tsolar\tenergy\tsystems,\tworldwide.\tWe\tdetermine\tif\tan\tarrangement\tis\ta\tlease,\tor\tcontains\ta\tlease,\tat\tinception\tand\nrecord\tthe\tleases\tin\tour\tfinancial\tstatements\tupon\tlease\tcommencement,\twhich\tis\tthe\tdate\twhen\tthe\tunderlying\tasset\tis\tmade\tavailable\tfor\tuse\tby\tthe\tlessor.\nWe\thave\tlease\tagreements\twith\tlease\tand\tnon-lease\tcomponents,\tand\thave\telected\tto\tutilize\tthe\tpractical\texpedient\tto\taccount\tfor\tlease\tand\tnon-lease\ncomponents\ttogether\tas\ta\tsingle\tcombined\tlease\tcomponent,\tfrom\tboth\ta\tlessee\tand\tlessor\tperspective\twith\tthe\texception\tof\tdirect\tsales-type\tleases\tand\nproduction\tequipment\tclasses\tembedded\tin\tsupply\tagreements.\tFrom\ta\tlessor\tperspective,\tthe\ttiming\tand\tpattern\tof\ttransfer\tare\tthe\tsame\tfor\tthe\tnon-lease\ncomponents\tand\tassociated\tlease\tcomponent\tand,\tthe\tlease\tcomponent,\tif\taccounted\tfor\tseparately,\twould\tbe\tclassified\tas\tan\toperating\tlease.\nWe\thave\telected\tnot\tto\tpresent\tshort-term\tleases\ton\tthe\tconsolidated\tbalance\tsheet\tas\tthese\tleases\thave\ta\tlease\tterm\tof\t12\tmonths\tor\tless\tat\tlease\ninception\tand\tdo\tnot\tcontain\tpurchase\toptions\tor\trenewal\tterms\tthat\twe\tare\treasonably\tcertain\tto\texercise.\tAll\tother\tlease\tassets\tand\tlease\tliabilities\tare\nrecognized\tbased\ton\tthe\tpresent\tvalue\tof\tlease\tpayments\tover\tthe\tlease\tterm\tat\tcommencement\tdate.\tBecause\tmost\tof\tour\tleases\tdo\tnot\tprovide\tan\timplicit\trate\nof\treturn,\twe\tused\tour\tincremental\tborrowing\trate\tbased\ton\tthe\tinformation\tavailable\tat\tlease\tcommencement\tdate\tin\tdetermining\tthe\tpresent\tvalue\tof\tlease\npayments."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c072-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 88, "chroma:document": "payments.\nOur\tleases,\twhere\twe\tare\tthe\tlessee,\toften\tinclude\toptions\tto\textend\tthe\tlease\tterm\tfor\tup\tto\t\n10\n\tyears\n.\tSome\tof\tour\tleases\talso\tinclude\toptions\tto\nterminate\tthe\tlease\tprior\tto\tthe\tend\tof\tthe\tagreed\tupon\tlease\tterm.\tFor\tpurposes\tof\tcalculating\tlease\tliabilities,\tlease\tterms\tinclude\toptions\tto\textend\tor\nterminate\tthe\tlease\twhen\tit\tis\treasonably\tcertain\tthat\twe\twill\texercise\tsuch\toptions.\nLease\texpense\tfor\toperating\tleases\tis\trecognized\ton\ta\tstraight-line\tbasis\tover\tthe\tlease\tterm\tas\tcost\tof\trevenues\tor\toperating\texpenses\tdepending\ton\tthe\nnature\tof\tthe\tleased\tasset.\tCertain\toperating\tleases\tprovide\tfor\tannual\tincreases\tto\tlease\tpayments\tbased\ton\tan\tindex\tor\trate.\tWe\tcalculate\tthe\tpresent\tvalue\tof\nfuture\tlease\tpayments\tbased\ton\tthe\tindex\tor\trate\tat\tthe\tlease\tcommencement\tdate\tfor\tnew\tleases\tcommencing\tafter\tJanuary\t1,\t2019.\tFor\thistorical\tleases,\twe\nused\tthe\tindex\tor\trate\tas\tof\tJanuary\t1,\t2019.\tDifferences\tbetween\tthe\tcalculated\tlease\tpayment\tand\tactual\tpayment\tare\texpensed\tas\tincurred.\tAmortization\tof\nfinance\tlease\tassets\tis\trecognized\tover\tthe\tlease\tterm\tas\tcost\tof\trevenues\tor\toperating\texpenses\tdepending\ton\tthe\tnature\tof\tthe\tleased\tasset.\tInterest\texpense\non\tfinance\tlease\tliabilities\tis\trecognized\tover\tthe\tlease\tterm\tin\tinterest\texpense.\nThe\tbalances\tfor\tthe\toperating\tand\tfinance\tleases\twhere\twe\tare\tthe\tlessee\tare\tpresented\tas\tfollows\t(in\tmillions)\twithin\tour\tconsolidated\tbalance\tsheet:\n\t\n\t\n\t\nDecember\t31,\t2020\n\t\n\t\nDecember\t31,\t2019\n\t\nOperating\tleases:\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nOperating\tlease\tright-of-use\tassets\n\t\n$\n1,558\n\t\n\t\n$"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c0cc-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 88, "chroma:document": "$\n1,558\n\t\n\t\n$\n1,218\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nAccrued\tliabilities\tand\tother\n\t\n$\n286\n\t\n\t\n$\n228\n\t\nOther\tlong-term\tliabilities\n\t\n\t\n1,254\n\t\n\t\n\t\n956\n\t\nTotal\toperating\tlease\tliabilities\n\t\n$\n1,540\n\t\n\t\n$\n1,184\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nFinance\tleases:\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nSolar\tenergy\tsystems,\tnet\n\t\n$\n29\n\t\n\t\n$\n30\n\t\nProperty,\tplant\tand\tequipment,\tnet\n\t\n\t\n1,465\n\t\n\t\n\t\n1,600\n\t\nTotal\tfinance\tlease\tassets\n\t\n$\n1,494\n\t\n\t\n$\n1,630\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nCurrent\tportion\tof\tlong-term\tdebt\tand\tfinance\tleases\n\t\n$\n374\n\t\n\t\n$\n386\n\t\nLong-term\tdebt\tand\tfinance\tleases,\tnet\tof\tcurrent\tportion\n\t\n\t\n1,094\n\t\n\t\n\t\n1,232\n\t\nTotal\tfinance\tlease\tliabilities\n\t\n$\n1,468\n\t\n\t\n$\n1,618\n\t\n\t\n89"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c126-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 89, "chroma:document": "The\tcomponents\tof\tlease\texpense\tare\tas\tfollows\t(in\tmillions)\twithin\tour\tconsolidated\tstatements\tof\toperations:\n\t\n\t\n\t\nYear\tEnded\n\t\n\t\n\t\nDecember\t31,\t2020\n\t\n\t\nDecember\t31,\t2019\n\t\nOperating\tlease\texpense:\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nOperating\tlease\texpense\t(1)\n\t\n$\n451\n\t\n\t\n$\n426\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nFinance\tlease\texpense:\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nAmortization\tof\tleased\tassets\n\t\n$\n348\n\t\n\t\n$\n299\n\t\nInterest\ton\tlease\tliabilities\n\t\n\t\n100\n\t\n\t\n\t\n104\n\t\nTotal\tfinance\tlease\texpense\n\t\n$\n448\n\t\n\t\n$\n403\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nTotal\tlease\texpense\n\t\n$\n899\n\t\n\t\n$\n829\n\t\n\t\n(1)\nIncludes\tshort-term\tleases\tand\tvariable\tlease\tcosts,\twhich\tare\timmaterial.\nOther\tinformation\trelated\tto\tleases\twhere\twe\tare\tthe\tlessee\tis\tas\tfollows:\n\t\n\t\n\t\nDecember\t31,\t2020\n\t\n\t\nDecember\t31,\t2019\n\t\nWeighted-average\tremaining\tlease\tterm:\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nOperating\tleases\n\t\n6.2\n\tyears\n\t\n\t\n6.2\n\tyears\n\t\nFinance\tleases\n\t\n4.9\n\tyears\n\t\n\t\n3.9\n\tyears\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nWeighted-average\tdiscount\trate:\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nOperating\tleases\n\t\n\t\n5.8\n%\n\t\n\t\n6.5\n%\nFinance\tleases"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c194-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 89, "chroma:document": "6.5\n%\nFinance\tleases\n\t\n\t\n6.5\n%\n\t\n\t\n6.5\n%\n\t\nSupplemental\tcash\tflow\tinformation\trelated\tto\tleases\twhere\twe\tare\tthe\tlessee\tis\tas\tfollows\t\n(in\tmillions)\n:\n\t\n\t\n\t\nYear\tEnded\n\t\n\t\n\t\nDecember\t31,\t2020\n\t\n\t\nDecember\t31,\t2019\n\t\nCash\tpaid\tfor\tamounts\tincluded\tin\tthe\tmeasurement\tof\tlease\tliabilities:\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nOperating\tcash\toutflows\tfrom\toperating\tleases\n\t\n$\n456\n\t\n\t\n$\n396\n\t\nOperating\tcash\toutflows\tfrom\tfinance\tleases\t(interest\tpayments)\n\t\n$\n100\n\t\n\t\n$\n104\n\t\nFinancing\tcash\toutflows\tfrom\tfinance\tleases\n\t\n$\n338\n\t\n\t\n$\n321\n\t\nLeased\tassets\tobtained\tin\texchange\tfor\tfinance\tlease\tliabilities\n\t\n$\n188\n\t\n\t\n$\n616\n\t\nLeased\tassets\tobtained\tin\texchange\tfor\toperating\tlease\tliabilities\n\t\n$\n553\n\t\n\t\n$\n202\n\t\n\t\nAs\tof\t\nDecember\t31,\t2020\n,\tthe\tmaturities\tof\tour\toperating\tand\tfinance\tlease\tliabilities\t(excluding\tshort-term\tleases)\tare\tas\tfollows\n\t(in\tmillions):\n\t\n\t\n\t\nOperating\n\t\n\t\nFinance\n\t\n\t\n\t\nLeases\n\t\n\t\nLeases\n\t\n2021\n\t\n$\n366\n\t\n\t\n$\n462\n\t\n2022\n\t\n\t\n327\n\t\n\t\n\t\n446\n\t\n2023\n\t\n\t\n279\n\t\n\t\n\t\n412\n\t\n2024\n\t\n\t\n245\n\t\n\t\n\t\n299\n\t\n2025\n\t\n\t\n204\n\t\n\t\n\t\n9\n\t\nThereafter\n\t\n\t\n425\n\t\n\t\n\t\n7"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c1f8-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 89, "chroma:document": "425\n\t\n\t\n\t\n7\n\t\nTotal\tminimum\tlease\tpayments\n\t\n\t\n1,846\n\t\n\t\n\t\n1,635\n\t\nLess:\tInterest\n\t\n\t\n306\n\t\n\t\n\t\n167\n\t\nPresent\tvalue\tof\tlease\tobligations\n\t\n\t\n1,540\n\t\n\t\n\t\n1,468\n\t\nLess:\tCurrent\tportion\n\t\n\t\n286\n\t\n\t\n\t\n374\n\t\nLong-term\tportion\tof\tlease\tobligations\n\t\n$\n1,254\n\t\n\t\n$\n1,094\n\t\n\t\n90"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c252-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 90, "chroma:document": "Operating\tLease\tand\tSales-type\tLease\tReceivables\nWe\tare\tthe\tlessor\tof\tcertain\tvehicle\tand\tsolar\tenergy\tsystem\tarrangements\tas\tdescribed\tin\tNote\t2,\t\nSummary\tof\tSignificant\tAccounting\tPolicies\n.\t\nAs\tof\nDecember\t31,\t2020,\tmaturities\tof\tour\toperating\tlease\tand\tsales-type\tlease\treceivables\tfrom\tcustomers\tfor\teach\tof\tthe\tnext\tfive\tyears\tand\tthereafter\twere\tas\nfollows\t(in\tmillions):\n\t\n\t\n\t\nOperating\n\t\n\t\nSales-type\n\t\n\t\n\t\nLeases\n\t\n\t\nLeases\n\t\n2021\n\t\n$\n774\n\t\n\t\n$\n21\n\t\n2022\n\t\n\t\n594\n\t\n\t\n\t\n21\n\t\n2023\n\t\n\t\n351\n\t\n\t\n\t\n21\n\t\n2024\n\t\n\t\n206\n\t\n\t\n\t\n30\n\t\n2025\n\t\n\t\n191\n\t\n\t\n\t\n5\n\t\nThereafter\n\t\n\t\n2,102\n\t\n\t\n\t\n4\n\t\nGross\tlease\treceivables\n\t\n$\n4,218\n\t\n\t\n$\n102\n\t\n\t\nThe\tabove\ttable\tdoes\tnot\tinclude\tvehicle\tsales\tto\tcustomers\tor\tleasing\tpartners\twith\ta\tresale\tvalue\tguarantee\tas\tthe\tcash\tpayments\twere\treceived\nupfront.\tFor\tour\tsolar\tPPA\tarrangements,\tcustomers\tare\tcharged\tsolely\tbased\ton\tactual\tpower\tproduced\tby\tthe\tinstalled\tsolar\tenergy\tsystem\tat\ta\tpredefined\nrate\tper\tkilowatt-hour\tof\tpower\tproduced.\tThe\tfuture\tpayments\tfrom\tsuch\tarrangements\tare\tnot\tincluded\tin\tthe\tabove\ttable\tas\tthey\tare\ta\tfunction\tof\tthe\tpower\ngenerated\tby\tthe\trelated\tsolar\tenergy\tsystems\tin\tthe\tfuture.\n\t\nNet\tInvestment\tin\tSales-type\tLeases"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c2ac-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 90, "chroma:document": "Net\tInvestment\tin\tSales-type\tLeases\nNet\tinvestment\tin\tsales-type\tleases,\twhich\tis\tthe\tsum\tof\tthe\tpresent\tvalue\tof\tthe\tfuture\tcontractual\tlease\tpayments,\tis\tpresented\ton\tthe\tconsolidated\nbalance\tsheet\tas\ta\tcomponent\tof\tprepaid\texpenses\tand\tother\tcurrent\tassets\tfor\tthe\tcurrent\tportion\tand\tas\tother\tassets\tfor\tthe\tlong-term\tportion.\tW\ne\tintroduced\nsales-type\tleasing\tprograms\tin\tvolume\tduring\tthe\tthird\tquarter\tof\t2020\tand\ttherefore\thave\t\nno\n\tassociated\tbalances\tas\tof\tDecember\t31,\t2019.\n\tLease\treceivables\nrelating\tto\tsales-type\tleases\tare\tpresented\ton\tthe\tconsolidated\tbalance\tsheet\tas\tfollows\t(in\tmillions):\n\t\n\t\n\t\nDecember\t31,\n\t\n\t\n\t\n2020\n\t\nGross\tlease\treceivables\n\t\n$\n102\n\t\nUnearned\tinterest\tincome\n\t\n\t\n(\n11\n)\nNet\tinvestment\tin\tsales-type\tleases\n\t\n$\n91\n\t\n\t\n\t\n\t\n\t\n\t\nReported\tas:\n\t\n\t\n\t\n\t\nPrepaid\texpenses\tand\tother\tcurrent\tassets\n\t\n$\n17\n\t\nOther\tassets\n\t\n\t\n74\n\t\nNet\tinvestment\tin\tsales-type\tleases\n\t\n$\n91\n\t\nNote\t14\t\u2013\tEquity\tIncentive\tPlans\nIn\tJune\t2019,\twe\tadopted\tthe\t2019\tEquity\tIncentive\tPlan\t(the\t\u201c2019\tPlan\u201d).\tThe\t2019\tPlan\tprovides\tfor\tthe\tgrant\tof\tstock\toptions,\trestricted\tstock,\nRSUs,\tstock\tappreciation\trights,\tperformance\tunits\tand\tperformance\tshares\tto\tour\temployees,\tdirectors\tand\tconsultants.\tStock\toptions\tgranted\tunder\tthe\t2019\nPlan\tmay\tbe\teither\tincentive\tstock\toptions\tor\tnonstatutory\tstock\toptions.\tIncentive\tstock\toptions\tmay\tonly\tbe\tgranted\tto\tour\temployees.\tNonstatutory\tstock"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c306-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 90, "chroma:document": "options\tmay\tbe\tgranted\tto\tour\temployees,\tdirectors\tand\tconsultants.\tGenerally,\tour\tstock\toptions\tand\tRSUs\tvest\tover\t\nfour\tyears\n\tand\tour\tstock\toptions\tare\nexercisable\tover\ta\tmaximum\tperiod\tof\t\n10\n\tyears\tfrom\ttheir\tgrant\tdates.\tVesting\ttypically\tterminates\twhen\tthe\temployment\tor\tconsulting\trelationship\tends.\nAs\tof\tDecember\t31,\t2020,\t\n49.0\n\tmillion\tshares\twere\treserved\tand\tavailable\tfor\tissuance\tunder\tthe\t2019\tPlan,\tas\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit.\n91"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c36a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 91, "chroma:document": "The\tfollowing\ttable\tsummarizes\tour\tstock\toption\tand\tRSU\tactivity:\n\t\n\t\n\t\nStock\tOptions\n\t\n\t\nRSUs\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nWeighted-\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nWeighted-\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nWeighted-\n\t\n\t\nAverage\n\t\n\t\nAggregate\n\t\n\t\n\t\n\t\n\t\n\t\nAverage\n\t\n\t\n\t\nNumber\tof\n\t\n\t\nAverage\n\t\n\t\nRemaining\n\t\n\t\nIntrinsic\n\t\n\t\nNumber\n\t\n\t\nGrant\n\t\n\t\n\t\nOptions\n\t\n\t\nExercise\n\t\n\t\nContractual\n\t\n\t\nValue\n\t\n\t\nof\tRSUs\n\t\n\t\nDate\tFair\n\t\n\t\n\t\n(in\n\t\nthousands)\n\t\n\t\nPrice\n\t\n\t\nLife\t(years)\n\t\n\t\n(in\n\t\nbillions)\n\t\n\t\n(in\n\t\nthousands)\n\t\n\t\nValue\n\t\nBalance,\n\t\t\tDecember\t31,\t2019\t(1)\n\t\n\t\n149,974\n\t\n\t\n$\n55.90\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n24,031\n\t\n\t\n$\n58.21\n\t\nGranted\n\t\n\t\n4,780\n\t\n\t\n$\n421.73\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n6,876\n\t\n\t\n$\n300.51\n\t\nExercised\tor\treleased\n\t\n\t\n(\n6,815\n)\n\t\n$\n44.11\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n(\n9,620\n)\n\t\n$\n72.26\n\t\nCancelled\n\t\n\t\n(\n1,006\n)\n\t\n$\n68.67"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c3c4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 91, "chroma:document": "(\n2,498\n)\n\t\n$\n82.31\n\t\nBalance,\n\t\t\tDecember\n\t\n31,\n\t\n2020\n\t\n\t\n146,933\n\t\n\t\n$\n68.26\n\t\n\t\n6.08\n\t\n\t\n$\n93.66\n\t\n\t\n\t\n18,789\n\t\n\t\n$\n136.49\n\t\nVested\tand\n\t\t\texpected\n\t\nto\n\t\nvest,\n\t\t\tDecember\t31,\t2020\n\t\n\t\n101,617\n\t\n\t\n$\n69.04\n\t\n\t\n\t\n5.80\n\t\n\t\n$\n64.69\n\t\n\t\n\t\n18,778\n\t\n\t\n$\n136.53\n\t\nExercisable\tand\tvested,\n\t\t\tDecember\t31,\t2020\n\t\n\t\n66,205\n\t\n\t\n$\n46.88\n\t\n\t\n\t\n4.89\n\t\n\t\n$\n43.61\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n(1)\nPrior\tperiod\tresults\thave\tbeen\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit.\tSee\tNote\t1,\t\nOverview\n,\tfor\tdetails.\n\t\nThe\tweighted-average\tgrant\tdate\tfair\tvalue\tof\tRSUs\tin\tthe\tyears\tended\tDecember\t31,\t2020,\t2019\tand\t2018\twas\t$\n300.51\n,\t$\n56.55\n\tand\t$\n63.29\n,\nrespectively,\tas\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit.\tThe\taggregate\trelease\tdate\tfair\tvalue\tof\tRSUs\tin\tthe\tyears\tended\tDecember\t31,\t2020,\t2019\tand\t2018\nwas\t$\n3.25\n\tbillion,\t$\n502\n\tmillion\tand\t$\n546\n\tmillion,\trespectively.\nThe\taggregate\tintrinsic\tvalue\tof\toptions\texercised\tin\tthe\tyears\tended\tDecember\t31,\t2020,\t2019,\tand\t2018\twas\t$\n1.55"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c41e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 91, "chroma:document": "1.55\n\tbillion,\t$\n237\n\tmillion\tand\t$\n293\nmillion,\trespectively.\nESPP\nOur\temployees\tare\teligible\tto\tpurchase\tour\tcommon\tstock\tthrough\tpayroll\tdeductions\tof\tup\tto\t\n15\n%\tof\ttheir\teligible\tcompensation,\tsubject\tto\tany\tplan\nlimitations.\tThe\tpurchase\tprice\twould\tbe\t\n85\n%\tof\tthe\tlower\tof\tthe\tfair\tmarket\tvalue\ton\tthe\tfirst\tand\tlast\ttrading\tdays\tof\teach\tsix-month\toffering\tperiod.\tDuring\nthe\tyears\tended\tDecember\t31,\t2020,\t2019\tand\t2018,\twe\tissued\t\n1.8\n\tmillion,\t\n2.5\n\tmillion\tand\t\n2.0\n\tmillion\tshares\tunder\tthe\tESPP,\t\nas\tadjusted\tto\tgive\teffect\tto\tthe\nStock\tSplit.\t\nThere\twere\t\n34.3\n\tmillion\tshares\tavailable\tfor\tissuance\tunder\tthe\tESPP\tas\tof\tDecember\t31,\t2020.\nFair\tValue\tAssumptions\nWe\tuse\tthe\tfair\tvalue\tmethod\tin\trecognizing\tstock-based\tcompensation\texpense.\tUnder\tthe\tfair\tvalue\tmethod,\twe\testimate\tthe\tfair\tvalue\tof\teach\tstock\noption\taward\twith\tservice\tor\tservice\tand\tperformance\tconditions\tand\tthe\tESPP\ton\tthe\tgrant\tdate\tgenerally\tusing\tthe\tBlack-Scholes\toption\tpricing\tmodel.\tThe\nweighted-average\tassumptions\tused\tin\tthe\tBlack-Scholes\tmodel\tfor\tstock\toptions\tare\tas\tfollows:\n\t\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\n\t\n2018\n\t\nRisk-free\tinterest\trate\n\t\n\t\n0.26\n%\n\t\n\t\n2.4\n%\n\t\n\t\n2.5\n%\nExpected\tterm\t(in\tyears)\n\t\n\t\n3.9\n\t\n\t\n\t\n4.5\n\t\n\t\n\t\n4.7\n\t\nExpected\tvolatility\n\t\n\t\n69\n%\n\t\n\t\n48\n%\n\t\n\t\n42\n%\nDividend\tyield"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c478-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 91, "chroma:document": "%\n\t\n\t\n42\n%\nDividend\tyield\n\t\n\t\n0.0\n%\n\t\n\t\n0.0\n%\n\t\n\t\n0.0\n%\nGrant\tdate\tfair\tvalue\tper\tshare\t(1)\n\t\n$\n216.14\n\t\n\t\n$\n22.32\n\t\n\t\n$\n24.38\n\t\n\t\n\t\n(1)\nPrior\tperiod\tresults\thave\tbeen\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit.\tSee\tNote\t1,\t\nOverview\n,\tfor\tdetails.\n\t\nThe\tfair\tvalue\tof\tRSUs\twith\tservice\tor\tservice\tand\tperformance\tconditions\tis\tmeasured\ton\tthe\tgrant\tdate\tbased\ton\tthe\tclosing\tfair\tmarket\tvalue\tof\tour\ncommon\tstock.\tThe\trisk-free\tinterest\trate\tis\tbased\ton\tthe\tU.S.\tTreasury\tyield\tfor\tzero-coupon\tU.S.\tTreasury\tnotes\twith\tmaturities\tapproximating\teach\tgrant\u2019s\nexpected\tlife.\tWe\tuse\tour\thistorical\tdata\tin\testimating\tthe\texpected\tterm\tof\tour\temployee\tgrants.\tThe\texpected\tvolatility\tis\tbased\ton\tthe\taverage\tof\tthe\timplied\nvolatility\tof\tpublicly\ttraded\toptions\tfor\tour\tcommon\tstock\tand\tthe\thistorical\tvolatility\tof\tour\tcommon\tstock.\n92"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c4dc-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 92, "chroma:document": "2018\tCEO\tPerformance\tAward\nIn\tMarch\t2018,\tour\tstockholders\tapproved\tthe\tBoard\tof\tDirectors\u2019\tgrant\tof\t\n101.3\n\tmillion\tstock\toption\tawards\tto\tour\tCEO\t(the\t\u201c2018\tCEO\tPerformance\nAward\u201d),\tas\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit.\tThe\t2018\tCEO\tPerformance\tAward\tconsists\tof\t\n12\n\tvesting\ttranches\twith\ta\tvesting\tschedule\tbased\tentirely\non\tthe\tattainment\tof\tboth\toperational\tmilestones\t(performance\tconditions)\tand\tmarket\tconditions,\tassuming\tcontinued\temployment\teither\tas\tthe\tCEO\tor\tas\nboth\tExecutive\tChairman\tand\tChief\tProduct\tOfficer\tand\tservice\tthrough\teach\tvesting\tdate.\t\nEach\tof\tthe\t12\tvesting\ttranches\tof\tthe\t2018\tCEO\tPerformance\nAward\twill\tvest\tupon\tcertification\tby\tthe\tBoard\tof\tDirectors\tthat\tboth\t(i)\tthe\tmarket\tcapitalization\tmilestone\tfor\tsuch\ttranche,\twhich\tbegins\tat\t$\n100.0\n\tbillion\tfor\nthe\tfirst\ttranche\tand\tincreases\tby\tincrements\tof\t$\n50.0\n\tbillion\tthereafter\t(based\ton\tboth\ta\tsix\tcalendar\tmonth\ttrailing\taverage\tand\ta\t30\tcalendar\tday\ttrailing\naverage,\tcounting\tonly\ttrading\tdays),\thas\tbeen\tachieved,\tand\t(ii)\tany\tone\tof\tthe\tfollowing\t\neight\n\toperational\tmilestones\tfocused\ton\ttotal\trevenue\tor\tany\tone\tof\nthe\t\neight\n\toperational\tmilestones\tfocused\ton\tAdjusted\tEBITDA\thave\tbeen\tachieved\tfor\tthe\tprevious\tfour\tconsecutive\tfiscal\tquarters\ton\tan\tannualized\tbasis.\nAdjusted\tEBITDA\tis\tdefined\tas\tnet\tincome\t(loss)\tattributable\tto\tcommon\tstockholders\tbefore\tinterest\texpense,\tprovision\t(benefit)\tfor\tincome\ttaxes,\tdepreciation\nand\tamortization\tand\tstock-based\tcompensation.\tUpon\tvesting\tand\texercise,\tincluding\tthe\tpayment\tof\tthe\texercise\tprice\tof\t$\n70.01\n\tper\tshare\tas\tadjusted\tto\tgive"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c536-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 92, "chroma:document": "70.01\n\tper\tshare\tas\tadjusted\tto\tgive\neffect\tto\tthe\tStock\tSplit,\tour\tCEO\tmust\thold\tshares\tthat\the\tacquires\tfor\t\nfive\tyears\n\tpost-exercise,\tother\tthan\ta\tcashless\texercise\twhere\tshares\tare\tsimultaneously\nsold\tto\tpay\tfor\tthe\texercise\tprice\tand\tany\trequired\ttax\twithholding.\nThe\n\tachievement\tstatus\tof\tthe\toperational\tmilestones\tas\tof\tDecember\t31,\t2020\twas\tas\tfollows:\n\t\nTotal\tAnnualized\tRevenue\n\t\nAnnualized\tAdjusted\tEBITDA\nMilestone\n(in\tbillions)\n\t\n\t\nAchievement\tStatus\n\t\nMilestone\n(in\tbillions)\n\t\n\t\nAchievement\tStatus\n$\n20.0\n\t\n\t\nAchieved\tand\tcertified\n\t\n$\n1.5\n\t\n\t\nAchieved\tand\tcertified\n$\n35.0\n\t\n\t\nProbable\n\t\n$\n3.0\n\t\n\t\nAchieved\tand\tcertified\n$\n55.0\n\t\n\t\n-\n\t\n$\n4.5\n\t\n\t\nAchieved\tand\tcertified\n$\n75.0\n\t\n\t\n-\n\t\n$\n6.0\n\t\n\t\nProbable\n$\n100.0\n\t\n\t\n-\n\t\n$\n8.0\n\t\n\t\nProbable\n$\n125.0\n\t\n\t\n-\n\t\n$\n10.0\n\t\n\t\n-\n$\n150.0\n\t\n\t\n-\n\t\n$\n12.0\n\t\n\t\n-\n$\n175.0\n\t\n\t\n-\n\t\n$\n14.0\n\t\n\t\n-\n\t\nStock-based\tcompensation\tunder\tthe\t2018\tCEO\tPerformance\tAward\trepresents\ta\tnon-cash\texpense\tand\tis\trecorded\tas\ta\tselling,\tgeneral,\tand\nadministrative\toperating\texpense\tin\tour\tconsolidated\tstatement\tof\toperations.\tIn\teach\tquarter\tsince\tthe\tgrant\tof\tthe\t2018\tCEO\tPerformance\tAward,\twe\thave"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c590-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 92, "chroma:document": "recognized\texpense,\tgenerally\ton\ta\tpro-rated\tbasis,\tfor\tonly\tthe\tnumber\tof\ttranches\t(up\tto\tthe\tmaximum\tof\t12\ttranches)\tthat\tcorresponds\tto\tthe\tnumber\tof\noperational\tmilestones\tthat\thave\tbeen\tachieved\tor\thave\tbeen\tdetermined\tprobable\tof\tbeing\tachieved\tin\tthe\tfuture,\tin\taccordance\twith\tthe\tfollowing\tprinciples.\nOn\tthe\tgrant\tdate,\ta\tMonte\tCarlo\tsimulation\twas\tused\tto\tdetermine\tfor\teach\ttranche\t(i)\ta\tfixed\tamount\tof\texpense\tfor\tsuch\ttranche\tand\t(ii)\tthe\tfuture\ntime\twhen\tthe\tmarket\tcapitalization\tmilestone\tfor\tsuch\ttranche\twas\texpected\tto\tbe\tachieved,\tor\tits\t\u201cexpected\tmarket\tcapitalization\tmilestone\tachievement\ntime.\u201d\tSeparately,\tbased\ton\ta\tsubjective\tassessment\tof\tour\tfuture\tfinancial\tperformance,\teach\tquarter\twe\tdetermine\twhether\tit\tis\tprobable\tthat\twe\twill\tachieve\neach\toperational\tmilestone\tthat\thas\tnot\tpreviously\tbeen\tachieved\tor\tdeemed\tprobable\tof\tachievement\tand\tif\tso,\tthe\tfuture\ttime\twhen\twe\texpect\tto\tachieve\tthat\noperational\tmilestone,\tor\tits\t\u201cexpected\toperational\tmilestone\tachievement\ttime.\u201d\tWhen\twe\tfirst\tdetermine\tthat\tan\toperational\tmilestone\thas\tbecome\tprobable\nof\tbeing\tachieved,\twe\tallocate\tthe\tentire\texpense\tfor\tthe\trelated\ttranche\tover\tthe\tnumber\tof\tquarters\tbetween\tthe\tgrant\tdate\tand\tthe\tthen-applicable\t\u201cexpected\nvesting\ttime.\u201d\tThe\t\u201cexpected\tvesting\ttime\u201d\tat\tany\tgiven\ttime\tis\tthe\tlater\tof\t(i)\tthe\texpected\toperational\tmilestone\tachievement\ttime\t(if\tthe\trelated\toperational\nmilestone\thas\tnot\tyet\tbeen\tachieved)\tand\t(ii)\tthe\texpected\tmarket\tcapitalization\tmilestone\tachievement\ttime\t(if\tthe\trelated\tmarket\tcapitalization\tmilestone\thas\nnot\tyet\tbeen\tachieved).\tWe\timmediately\trecognize\ta\tcatch-up\texpense\tfor\tall\taccumulated\texpense\tfor\tthe\tquarters\tfrom\tthe\tgrant\tdate\tthrough\tthe\tquarter\tin"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c5ea-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 92, "chroma:document": "which\tthe\toperational\tmilestone\twas\tfirst\tdeemed\tprobable\tof\tbeing\tachieved.\tEach\tquarter\tthereafter,\twe\trecognize\tthe\tprorated\tportion\tof\tthe\tthen-remaining\nexpense\tfor\tthe\ttranche\tbased\ton\tthe\tnumber\tof\tquarters\tbetween\tsuch\tquarter\tand\tthe\tthen-applicable\texpected\tvesting\ttime,\texcept\tthat\tupon\tvesting\tof\ta\ntranche,\tall\tremaining\texpense\tfor\tthat\ttranche\tis\timmediately\trecognized.\nAs\ta\tresult,\twe\thave\texperienced,\tand\tmay\texperience\tin\tthe\tfuture,\tsignificant\tcatch-up\texpenses\tin\tquarters\twhen\tone\tor\tmore\toperational\tmilestones\nare\tfirst\tdetermined\tto\tbe\tprobable\tof\tbeing\tachieved.\tAdditionally,\tthe\texpected\tmarket\tcapitalization\tachievement\ttimes\tare\tgenerally\tlater\tthan\tthe\trelated\nexpected\toperational\tmilestone\tachievement\ttimes.\tTherefore,\tif\tmarket\tcapitalization\tmilestones\tare\tachieved\tearlier\tthan\toriginally\tforecasted,\tfor\texample\ndue\tto\tperiods\tof\trapid\tstock\tprice\tappreciation,\tthis\thas\tresulted,\tand\tmay\tresult\tin\tthe\tfuture,\tin\thigher\tcatch-up\texpenses\tand\tthe\tremaining\texpenses\tbeing\nrecognized\tover\tshorter\tperiods\tof\ttime\tat\ta\thigher\tper-quarter\trate.\n93"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c64e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 93, "chroma:document": "During\tthe\tthree\tmonths\tended\tJune\t30,\t2020,\tthe\tfirst\ttranche\tof\tthe\t2018\tCEO\tPerformance\tAward\tvested\tupon\tcertification\tby\tthe\tBoard\tof\tDirectors\nthat\tthe\tmarket\tcapitalization\tmilestone\tof\t$\n100.0\n\tbillion\tand\tthe\toperational\tmilestone\tof\t$\n20.0\n\tbillion\tannualized\trevenue\thad\tbeen\tachieved.\tTherefore,\tthe\nremaining\tunamortized\texpense\tof\t$\n22\n\tmillion\tfor\tthat\ttranche,\twhich\twas\tpreviously\texpected\tto\tbe\trecognized\tratably\tin\tfuture\tquarters\tas\tdetermined\ton\tthe\ngrant\tdate,\twas\taccelerated\tinto\tthe\tsecond\tquarter\tof\t2020.\tAdditionally,\t\nthe\toperational\tmilestone\tof\tannualized\tAdjusted\tEBITDA\tof\t$\n4.5\n\tbillion\tbecame\nprobable\tof\tbeing\tachieved\tduring\tthe\tsecond\tquarter\tof\t2020\tand\tconsequently,\twe\trecognized\ta\tcatch-up\texpense\tof\t$\n79\n\tmillion\tin\tthat\tquarter.\n\t\nDuring\tthe\tthree\tmonths\tended\tSeptember\t30,\t2020,\tthe\tsecond\tand\tthird\ttranches\tof\tthe\t2018\tCEO\tPerformance\tAward\tvested\tupon\tcertification\tby\nthe\tBoard\tof\tDirectors\tthat\tthe\tmarket\tcapitalization\tmilestones\tof\t$\n150.0\n\tbillion\tand\t$\n200.0\n\tbillion\tand\tthe\toperational\tmilestones\tof\tannualized\tAdjusted\nEBITDA\tof\t$\n1.5\n\tbillion\tand\tannualized\tAdjusted\tEBITDA\tof\t$\n3.0\n\tbillion\thad\tbeen\tachieved.\tTherefore,\tthe\tremaining\tunamortized\texpense\tof\t$\n95\n\tmillion\tand\n$\n118\n\tmillion\tassociated\twith\tthe\tsecond\tand\tthird\ttranches,\trespectively,\twhich\twere\tpreviously\texpected\tto\tbe\trecognized\tratably\tin\tfuture\tquarters\tas\ndetermined\ton\tthe\tgrant\tdate\twere\taccelerated\tinto\tthe\tthird\tquarter\tof\t2020.\tAdditionally,\t\nthe\toperational\tmilestone\tof\tannualized\tAdjusted\tEBITDA\tof\t$"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c6b2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 93, "chroma:document": "6.0\nbillion\tbecame\tprobable\tof\tbeing\tachieved\tduring\tthe\tthird\tquarter\tof\t2020\tand\tconsequently,\twe\trecognized\ta\tcatch-up\texpense\tof\t$\n77\n\tmillion\tin\tthat\tquarter.\n\t\nDuring\tthe\tthree\tmonths\tended\tDecember\t31,\t2020,\tthe\tfourth\ttranche\tof\tthe\t2018\tCEO\tPerformance\tAward\tvested\tupon\tcertification\tby\tthe\tBoard\tof\nDirectors\tthat\tthe\tmarket\tcapitalization\tmilestone\tof\t$\n250.0\n\tbillion\tand\tthe\toperational\tmilestone\tof\tannualized\tAdjusted\tEBITDA\tof\t$\n4.5\n\tbillion\thad\tbeen\nachieved.\tTherefore,\tthe\tremaining\tunamortized\texpense\tof\t$\n122\n\tmillion\tfor\tthat\ttranche,\twhich\twas\tpreviously\texpected\tto\tbe\trecognized\tratably\tin\tfuture\nquarters\tthrough\tthe\tthird\tquarter\tof\t2023\tas\tdetermined\ton\tthe\tgrant\tdate,\twas\taccelerated\tinto\tthe\tfourth\tquarter\tof\t2020.\tAdditionally,\tduring\tthe\tfourth\nquarter\tof\t2020,\t\nthe\toperational\tmilestone\tof\tannualized\tAdjusted\tEBITDA\tof\t$\n8.0\n\tbillion\tbecame\tprobable\tof\tbeing\tachieved\tand\tconsequently,\twe\trecognized\ta\ncatch-up\texpense\tof\t$\n75\n\tmillion\tin\tthat\tquarter\n.\t\n\t\t\tAs\tof\tDecember\t31,\t2020,\twe\thad\t$\n264\n\tmillion\tof\ttotal\tunrecognized\tstock-based\tcompensation\texpense\tfor\tthe\toperational\tmilestones\tthat\twere\nconsidered\teither\tprobable\tof\tachievement\tor\tachieved\tbut\tnot\tyet\tcertified,\twhich\twill\tbe\trecognized\tover\ta\tweighted-average\tperiod\tof\t\n0.6\n\tyears.\tAs\tof\nDecember\t31,\t2020,\twe\thad\tunrecognized\tstock-based\tcompensation\texpense\tof\t$\n712\n\tmillion\tfor\tthe\toperational\tmilestones\tthat\twere\tconsidered\tnot\tprobable"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c70c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 93, "chroma:document": "of\tachievement.\tFor\tthe\tyears\tended\tDecember\t31,\t2020,\t2019\tand\t2018\twe\trecorded\tstock-based\tcompensation\texpense\tof\t$\n838\n\tmillion,\t$\n296\n\tmillion\tand\n$\n175\n\tmillion\trelated\tto\tthe\t2018\tCEO\tPerformance\tAward.\n2014\tPerformance-Based\tStock\tOption\tAwards\nIn\t2014,\tto\tcreate\tincentives\tfor\tcontinued\tlong-term\tsuccess\tbeyond\tthe\tModel\tS\tprogram\tand\tto\tclosely\talign\texecutive\tpay\twith\tour\tstockholders\u2019\ninterests\tin\tthe\tachievement\tof\tsignificant\tmilestones\tby\tus,\tthe\tCompensation\tCommittee\tof\tour\tBoard\tof\tDirectors\tgranted\tstock\toption\tawards\tto\tcertain\nemployees\t(excluding\tour\tCEO)\tto\tpurchase\tan\taggregate\tof\t\n5.4\n\tmillion\tshares\tof\tour\tcommon\tstock,\tas\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit.\tEach\taward\nconsisted\tof\tthe\tfollowing\t\nfour\n\tvesting\ttranches\twith\tthe\tvesting\tschedule\tbased\tentirely\ton\tthe\tattainment\tof\tthe\tfuture\tperformance\tmilestones,\tassuming\ncontinued\temployment\tand\tservice\tthrough\teach\tvesting\tdate:\n\t\n\u2022\n1/4\nth\tof\teach\taward\tvests\tupon\tcompletion\tof\tthe\tfirst\tModel\tX\tproduction\tvehicle;\n\t\n\u2022\n1/4th\n\tof\teach\taward\tvests\tupon\tachieving\taggregate\tproduction\tof\t\n100,000\n\tvehicles\tin\ta\ttrailing\t12-month\tperiod;\n\t\n\u2022\n1/4th\n\tof\teach\taward\tvests\tupon\tcompletion\tof\tthe\tfirst\tModel\t3\tproduction\tvehicle;\tand\n\t\n\u2022\n1/4th\n\tof\teach\taward\tvests\tupon\tachieving\tan\tannualized\tgross\tmargin\tof\tgreater\tthan\t\n30\n%\tfor\tany\tthree-year\tperiod.\nAs\tof\tDecember\t31,\t2020,\tthe\tfollowing\tperformance\tmilestones\thad\tbeen\tachieved:\n\t\n\u2022\nCompletion\tof\tthe\tfirst\tModel\tX\tproduction\tvehicle;\n\t\n\u2022\nCompletion\tof\tthe\tfirst\tModel\t3\tproduction\tvehicle;\tand\n\t\n\u2022"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c766-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 93, "chroma:document": "\u2022\nAggregate\tproduction\tof\t\n100,000\n\tvehicles\tin\ta\ttrailing\t12-month\tperiod.\nWe\tbegin\trecognizing\tstock-based\tcompensation\texpense\tas\teach\tperformance\tmilestone\tbecomes\tprobable\tof\tachievement.\tAs\tof\tDecember\t31,\t2020,\nwe\thad\tunrecognized\tstock-based\tcompensation\texpense\tof\t$\n4\n\tmillion\tfor\tthe\tperformance\tmilestone\tthat\twas\tconsidered\tnot\tprobable\tof\tachievement.\tFor\tthe\nyears\tended\tDecember\t31,\t2020,\t2019\tand\t2018,\twe\tdid\t\nno\nt\trecord\tany\tadditional\tstock-based\tcompensation\trelated\tto\tthe\t2014\tPerformance-Based\tStock\nOption\tAwards.\n94"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c7c0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 94, "chroma:document": "2012\tCEO\tPerformance\tAward\nIn\tAugust\t2012,\tour\tBoard\tof\tDirectors\tgranted\t\n26.4\n\tmillion\tstock\toption\tawards\tto\tour\tCEO\t(the\t\u201c2012\tCEO\tPerformance\tAward\u201d),\tas\tadjusted\tto\tgive\neffect\tto\tthe\tStock\tSplit.\tThe\t2012\tCEO\tPerformance\tAward\tconsists\tof\t\n10\n\tvesting\ttranches\twith\ta\tvesting\tschedule\tbased\tentirely\ton\tthe\tattainment\tof\tboth\nperformance\tconditions\tand\tmarket\tconditions,\tassuming\tcontinued\temployment\tand\tservice\tthrough\teach\tvesting\tdate.\tEach\tvesting\ttranche\trequires\ta\ncombination\tof\ta\tpre-determined\tperformance\tmilestone\tand\tan\tincremental\tincrease\tin\tour\tmarket\tcapitalization\tof\t$\n4.00\n\tbillion,\tas\tcompared\tto\tour\tinitial\nmarket\tcapitalization\tof\t$\n3.20\n\tbillion\tat\tthe\ttime\tof\tgrant.\tAs\tof\tDecember\t31,\t2020,\tthe\tmarket\tcapitalization\tconditions\tfor\tall\tof\tthe\tvesting\ttranches\tand\tthe\nfollowing\tperformance\tmilestones\thad\tbeen\tachieved:\n\t\n\u2022\nSuccessful\tcompletion\tof\tthe\tModel\tX\talpha\tprototype;\n\t\n\u2022\nSuccessful\tcompletion\tof\tthe\tModel\tX\tbeta\tprototype;\n\t\n\u2022\nCompletion\tof\tthe\tfirst\tModel\tX\tproduction\tvehicle;\n\t\n\u2022\nAggregate\tproduction\tof\t\n100,000\n\tvehicles;\n\t\n\u2022\nSuccessful\tcompletion\tof\tthe\tModel\t3\talpha\tprototype;\n\t\n\u2022\nSuccessful\tcompletion\tof\tthe\tModel\t3\tbeta\tprototype;\n\t\n\u2022\nCompletion\tof\tthe\tfirst\tModel\t3\tproduction\tvehicle;\n\t\n\u2022\nAggregate\tproduction\tof\t\n200,000\n\tvehicles;\tand\n\t\n\u2022\nAggregate\tproduction\tof\t\n300,000\n\tvehicles.\nWe\tbegin\trecognizing\tstock-based\tcompensation\texpense\tas\teach\tmilestone\tbecomes\tprobable\tof\tachievement.\tAs\tof\tDecember\t31,\t2020,\twe\thad\nunrecognized\tstock-based\tcompensation\texpense\tof\t$\n6\n\tmillion\tfor\tthe\tperformance\tmilestone\tthat\twas\tconsidered\tnot\tprobable\tof\tachievement.\tFor\tthe\tyears"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c81a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 94, "chroma:document": "ended\tDecember\t31,\t2020\tand\t2019,\twe\tdid\t\nno\nt\trecord\tany\tadditional\tstock-based\tcompensation\texpense\trelated\tto\tthe\t2012\tCEO\tPerformance\tAward.\tFor\tthe\nyear\tended\tDecember\t31,\t2018,\tthe\tstock-based\tcompensation\twe\trecorded\trelated\tto\tthis\taward\twas\timmaterial.\nSummary\tStock-Based\tCompensation\tInformation\nThe\tfollowing\ttable\tsummarizes\tour\tstock-based\tcompensation\texpense\tby\tline\titem\tin\tthe\tconsolidated\tstatements\tof\toperations\t(in\tmillions):\n\t\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\n\t\n2018\n\t\nCost\tof\trevenues\n\t\n$\n281\n\t\n\t\n$\n128\n\t\n\t\n$\n109\n\t\nResearch\tand\tdevelopment\n\t\n\t\n346\n\t\n\t\n\t\n285\n\t\n\t\n\t\n261\n\t\nSelling,\tgeneral\tand\tadministrative\n\t\n\t\n1,107\n\t\n\t\n\t\n482\n\t\n\t\n\t\n375\n\t\nRestructuring\tand\tother\n\t\n\t\n\u2014\n\t\n\t\n\t\n3\n\t\n\t\n\t\n4\n\t\nTotal\n\t\n$\n1,734\n\t\n\t\n$\n898\n\t\n\t\n$\n749\n\t\n\t\nOur\tincome\ttax\tbenefits\trecognized\tfrom\tstock-based\tcompensation\tarrangements\tin\teach\tof\tthe\tperiods\tpresented\twere\timmaterial\tdue\tto\tcumulative\nlosses\tand\tvaluation\tallowances.\tDuring\tthe\tyears\tended\tDecember\t31,\t2020,\t2019,\tand\t2018,\tstock-based\tcompensation\texpense\tcapitalized\tto\tour\nconsolidated\tbalance\tsheets\twas\t$\n89\n\tmillion,\t$\n52\n\tmillion\tand\t$\n18\n\tmillion,\trespectively.\t\nAs\tof\tDecember\t31,\t2020,\twe\thad\t$\n3.51\n\tbillion\tof\ttotal\tunrecognized"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c87e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 94, "chroma:document": "3.51\n\tbillion\tof\ttotal\tunrecognized\nstock-based\tcompensation\texpense\trelated\tto\tnon-performance\tawards,\twhich\twill\tbe\trecognized\tover\ta\tweighted-average\tperiod\tof\t\n2.7\n\tyears.\n\t\n95"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c8d8-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 95, "chroma:document": "Note\t15\t\u2013\tIncome\tTaxes\nA\tprovision\tfor\tincome\ttaxes\tof\t$\n292\n\tmillion,\t$\n110\n\tmillion\tand\t$\n58\n\tmillion\thas\tbeen\trecognized\tfor\tthe\tyears\tended\tDecember\t31,\t2020,\t2019\tand\t2018,\nrespectively,\trelated\tprimarily\tto\tour\tsubsidiaries\tlocated\toutside\tof\tthe\tU.S.\tOur\tincome\t(loss)\tbefore\tprovision\tfor\tincome\ttaxes\tfor\tthe\tyears\tended\nDecember\t31,\t2020,\t2019\tand\t2018\twas\tas\tfollows\t(in\tmillions):\n\t\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\n\t\n2018\n\t\nDomestic\n\t\n$\n(\n198\n)\n\t\n$\n(\n287\n)\n\t\n$\n(\n412\n)\nNoncontrolling\tinterest\tand\tredeemable\n\t\t\tnoncontrolling\tinterest\n\t\n\t\n141\n\t\n\t\n\t\n87\n\t\n\t\n\t\n(\n87\n)\nForeign\n\t\n\t\n1,211\n\t\n\t\n\t\n(\n465\n)\n\t\n\t\n(\n506\n)\nIncome\t(loss)\tbefore\tincome\ttaxes\n\t\n$\n1,154\n\t\n\t\n$\n(\n665\n)\n\t\n$\n(\n1,005\n)\n\t\nThe\tcomponents\tof\tthe\tprovision\tfor\tincome\ttaxes\tfor\tthe\tyears\tended\tDecember\t31,\t2020,\t2019\tand\t2018\tconsisted\tof\tthe\tfollowing\t(in\tmillions):\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\n\t\n2018\n\t\nCurrent:\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nFederal\n\t\n$\n\u2014\n\t\n\t\n$\n\u2014\n\t\n\t\n$\n(\n1\n)\nState\n\t\n\t\n4\n\t\n\t\n\t\n5\n\t\n\t\n\t\n3\n\t\nForeign"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c93c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 95, "chroma:document": "5\n\t\n\t\n\t\n3\n\t\nForeign\n\t\n\t\n248\n\t\n\t\n\t\n86\n\t\n\t\n\t\n24\n\t\nTotal\tcurrent\n\t\n\t\n252\n\t\n\t\n\t\n91\n\t\n\t\n\t\n26\n\t\nDeferred:\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nFederal\n\t\n\t\n\u2014\n\t\n\t\n\t\n(\n4\n)\n\t\n\t\n\u2014\n\t\nState\n\t\n\t\n\u2014\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\u2014\n\t\nForeign\n\t\n\t\n40\n\t\n\t\n\t\n23\n\t\n\t\n\t\n32\n\t\nTotal\tdeferred\n\t\n\t\n40\n\t\n\t\n\t\n19\n\t\n\t\n\t\n32\n\t\nTotal\tprovision\tfor\tincome\ttaxes\n\t\n$\n292\n\t\n\t\n$\n110\n\t\n\t\n$\n58\n\t\n\t\nDeferred\ttax\tassets\t(liabilities)\tas\tof\tDecember\t31,\t2020\tand\t2019\tconsisted\tof\tthe\tfollowing\t(in\tmillions):\n\t\n\t\n\t\nDecember\t31,\n\t\n\t\nDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\nDeferred\ttax\tassets:\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nNet\toperating\tloss\tcarry-forwards\n\t\n$\n2,172\n\t\n\t\n$\n1,846\n\t\nResearch\tand\tdevelopment\tcredits\n\t\n\t\n624\n\t\n\t\n\t\n486\n\t\nOther\ttax\tcredits\n\t\n\t\n168\n\t\n\t\n\t\n126\n\t\nDeferred\trevenue\n\t\n\t\n450\n\t\n\t\n\t\n301\n\t\nInventory\tand\twarranty\treserves\n\t\n\t\n315\n\t\n\t\n\t\n243\n\t\nStock-based\tcompensation\n\t\n\t\n98\n\t\n\t\n\t\n102\n\t\nOperating\tlease\tright-of-use\tliabilities\n\t\n\t\n335\n\t\n\t\n\t\n290\n\t\nDeferred\tGILTI\ttax\tassets"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7c9be-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 95, "chroma:document": "290\n\t\nDeferred\tGILTI\ttax\tassets\n\t\n\t\n581\n\t\n\t\n\t\n\u2014\n\t\nAccruals\tand\tothers\n\t\n\t\n205\n\t\n\t\n\t\n16\n\t\nTotal\tdeferred\ttax\tassets\n\t\n\t\n4,948\n\t\n\t\n\t\n3,410\n\t\nValuation\tallowance\n\t\n\t\n(\n2,930\n)\n\t\n\t\n(\n1,956\n)\nDeferred\ttax\tassets,\tnet\tof\tvaluation\tallowance\n\t\n\t\n2,018\n\t\n\t\n\t\n1,454\n\t\nDeferred\ttax\tliabilities:\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nDepreciation\tand\tamortization\n\t\n\t\n(\n1,488\n)\n\t\n\t\n(\n1,185\n)\nInvestment\tin\tcertain\tfinancing\tfunds\n\t\n\t\n(\n198\n)\n\t\n\t\n(\n17\n)\nOperating\tlease\tright-of-use\tassets\n\t\n\t\n(\n305\n)\n\t\n\t\n(\n263\n)\nDeferred\trevenue\n\t\n\t\n(\n50\n)\n\t\n\t\n\u2014\n\t\nOther\n\t\n\t\n(\n61\n)\n\t\n\t\n(\n24\n)\nTotal\tdeferred\ttax\tliabilities\n\t\n\t\n(\n2,102\n)\n\t\n\t\n(\n1,489\n)\nDeferred\ttax\tliabilities,\tnet\tof\tvaluation\tallowance\n\t\t\tand\tdeferred\ttax\tassets\n\t\n$\n(\n84\n)\n\t\n$\n(\n35\n)\n96"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7ca18-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 96, "chroma:document": "As\tof\tDecember\t31,\t2020,\twe\trecorded\ta\tvaluation\tallowance\tof\t$\n2.93\n\tbillion\tfor\tthe\tportion\tof\tthe\tdeferred\ttax\tasset\tthat\twe\tdo\tnot\texpect\tto\tbe\nrealized.\tThe\tvaluation\tallowance\ton\tour\tnet\tdeferred\ttaxes\tincreased\tby\t$\n974\n\tmillion,\tincreased\tby\t$\n150\n\tmillion,\tand\tdecreased\tby\t$\n38\n\tmillion\tduring\tthe\tyears\nended\tDecember\t31,\t2020,\t2019\tand\t2018,\trespectively.\tThe\tchanges\tin\tvaluation\tallowance\tare\tprimarily\tdue\tto\tadditional\tU.S.\tdeferred\ttax\tassets\tand\nliabilities\tincurred\tin\tthe\trespective\tyear.\tWe\thave\tnet\t$\n260\n\tmillion\tof\tdeferred\ttax\tassets\tin\tforeign\tjurisdictions,\twhich\tmanagement\tbelieves\tare\tmore-likely-\nthan-not\tto\tbe\tfully\trealized\tgiven\tthe\texpectation\tof\tfuture\tearnings\tin\tthese\tjurisdictions.\tWe\tdid\tnot\thave\tmaterial\trelease\tof\tvaluation\tallowance\tfor\tthe\tyears\nended\tDecember\t31,\t2020,\t2019\tand\t2018.\tWe\tcontinue\tto\tmonitor\tthe\trealizability\tof\tthe\tU.S.\tdeferred\ttax\tassets\ttaking\tinto\taccount\tmultiple\tfactors,\nincluding\tthe\tresults\tof\toperations\tand\tmagnitude\tof\texcess\ttax\tdeductions\tfor\tstock-based\tcompensation.\tWe\tintend\tto\tcontinue\tmaintaining\ta\tfull\tvaluation\nallowance\ton\tour\tU.S.\tdeferred\ttax\tassets\tuntil\tthere\tis\tsufficient\tevidence\tto\tsupport\tthe\treversal\tof\tall\tor\tsome\tportion\tof\tthese\tallowances.\tGiven\tthe\nimprovement\tin\tour\toperating\tresults\tand\tdepending\ton\tthe\tamount\tof\tstock-based\tcompensation\ttax\tdeduction\tavailable\tin\tthe\tfuture,\twe\tmay\trelease\tthe\nvaluation\tallowance\tassociated\twith\tthe\tU.S.\tdeferred\ttax\tassets\tin\tthe\tnext\tfew\tyears.\tRelease\tof\tall,\tor\ta\tportion,\tof\tthe\tvaluation\tallowance\twould\tresult\tin\tthe"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7ca72-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 96, "chroma:document": "recognition\tof\tcertain\tdeferred\ttax\tassets\tand\ta\tdecrease\tto\tincome\ttax\texpense\tfor\tthe\tperiod\tthe\trelease\tis\trecorded.\n\t\nThe\treconciliation\tof\ttaxes\tat\tthe\tfederal\tstatutory\trate\tto\tour\tprovision\tfor\tincome\ttaxes\tfor\tthe\tyears\tended\tDecember\t31,\t2020,\t2019\tand\t2018\twas\tas\nfollows\t(in\tmillions):\n\t\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\n\t\n2018\n\t\nTax\tat\tstatutory\tfederal\trate\n\t\n$\n242\n\t\n\t\n$\n(\n139\n)\n\t\n$\n(\n211\n)\nState\ttax,\tnet\tof\tfederal\tbenefit\n\t\n\t\n4\n\t\n\t\n\t\n5\n\t\n\t\n\t\n3\n\t\nNondeductible\texecutive\tcompensations\n\t\n\t\n184\n\t\n\t\n\t\n62\n\t\n\t\n\t\n39\n\t\nOther\tnondeductible\texpenses\n\t\n\t\n52\n\t\n\t\n\t\n32\n\t\n\t\n\t\n26\n\t\nExcess\ttax\tbenefits\trelated\tto\tstock\tbased\n\t\t\tcompensation\n\t\n\t\n(\n666\n)\n\t\n\t\n(\n7\n)\n\t\n\t\n(\n44\n)\nForeign\tincome\trate\tdifferential\n\t\n\t\n33\n\t\n\t\n\t\n189\n\t\n\t\n\t\n161\n\t\nU.S.\ttax\tcredits\n\t\n\t\n(\n181\n)\n\t\n\t\n(\n107\n)\n\t\n\t\n(\n80\n)\nNoncontrolling\tinterests\tand\tredeemable\n\t\t\tnoncontrolling\tinterests\tadjustment\n\t\n\t\n5\n\t\n\t\n\t\n(\n29\n)\n\t\n\t\n32\n\t\nGILTI\tinclusion\n\t\n\t\n133\n\t\n\t\n\t\n\u2014\n\t\n\t\n\t\n\u2014\n\t\nConvertible\tdebt\n\t\n\t\n\u2014\n\t\n\t\n\t\n(\n4\n)\n\t\n\t\n\u2014\n\t\nUnrecognized\ttax\tbenefits"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7cacc-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 96, "chroma:document": "\u2014\n\t\nUnrecognized\ttax\tbenefits\n\t\n\t\n1\n\t\n\t\n\t\n17\n\t\n\t\n\t\n1\n\t\nChange\tin\tvaluation\tallowance\n\t\n\t\n485\n\t\n\t\n\t\n91\n\t\n\t\n\t\n131\n\t\nProvision\tfor\tincome\ttaxes\n\t\n$\n292\n\t\n\t\n$\n110\n\t\n\t\n$\n58\n\t\n\t\nAs\tof\tDecember\t31,\t2020,\twe\thad\t$\n9.65\n\tbillion\tof\tfederal\tand\t$\n6.60\n\tbillion\tof\tstate\tnet\toperating\tloss\tcarry-forwards\tavailable\tto\toffset\tfuture\ttaxable\nincome,\twhich\twill\tnot\tbegin\tto\tsignificantly\texpire\tuntil\t2024\tfor\tfederal\tand\t2031\tfor\tstate\tpurposes.\tA\tportion\tof\tthese\tlosses\twere\tgenerated\tby\tSolarCity\nand\tsome\tof\tthe\tcompanies\twe\tacquired,\tand\ttherefore\tare\tsubject\tto\tchange\tof\tcontrol\tprovisions,\twhich\tlimit\tthe\tamount\tof\tacquired\ttax\tattributes\tthat\tcan\tbe\nutilized\tin\ta\tgiven\ttax\tyear.\tWe\tdo\tnot\texpect\tthese\tchange\tof\tcontrol\tlimitations\tto\tsignificantly\timpact\tour\tability\tto\tutilize\tthese\tattributes.\nAs\tof\tDecember\t31,\t2020,\twe\thad\tresearch\tand\tdevelopment\ttax\tcredits\tof\t$\n417\n\tmillion\tand\t$\n373\n\tmillion\tfor\tfederal\tand\tstate\tincome\ttax\tpurposes,\nrespectively.\tIf\tnot\tutilized,\tthe\tfederal\tresearch\tand\tdevelopment\ttax\tcredits\twill\texpire\tin\tvarious\tamounts\tbeginning\tin\t\n2024\n.\tHowever,\tthe\tstate\tof\tCalifornia\nresearch\tand\tdevelopment\ttax\tcredits\tcan\tbe\tcarried\tforward\tindefinitely.\tIn\taddition,\twe\thave\tother\tgeneral\tbusiness\ttax\tcredits\tof\t$\n167\n\tmillion\tfor\tfederal\nincome\ttax\tpurposes,\twhich\twill\tnot\tbegin\tto\tsignificantly\texpire\tuntil\t\n2033\n."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7cb26-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 96, "chroma:document": "2033\n.\nFederal\tand\tstate\tlaws\tcan\timpose\tsubstantial\trestrictions\ton\tthe\tutilization\tof\tnet\toperating\tloss\tand\ttax\tcredit\tcarry-forwards\tin\tthe\tevent\tof\tan\n\u201cownership\tchange,\u201d\tas\tdefined\tin\tSection\t382\tof\tthe\tInternal\tRevenue\tCode.\tWe\thave\tdetermined\tthat\tno\tsignificant\tlimitation\twould\tbe\tplaced\ton\tthe\nutilization\tof\tour\tnet\toperating\tloss\tand\ttax\tcredit\tcarry-forwards\tdue\tto\tprior\townership\tchanges.\nThe\tlocal\tgovernment\tof\tShanghai\tgranted\ta\tbeneficial\tcorporate\tincome\ttax\trate\tof\t\n15\n%\tto\tcertain\teligible\tenterprises,\tcompared\tto\tthe\t\n25\n%\tstatutory\ncorporate\tincome\ttax\trate\tin\tChina.\tOur\tGigafactory\tShanghai\tsubsidiary\twas\tgranted\tthis\tbeneficial\tincome\ttax\trate\tof\t\n15\n%\tfor\t2019\tthrough\t2023.\nNo\n\tdeferred\ttax\tliabilities\tfor\tforeign\twithholding\ttaxes\thave\tbeen\trecorded\trelating\tto\tthe\tearnings\tof\tour\tforeign\tsubsidiaries\tsince\tall\tsuch\tearnings\nare\tintended\tto\tbe\tindefinitely\treinvested.\tThe\tamount\tof\tthe\tunrecognized\tdeferred\ttax\tliability\tassociated\twith\tthese\tearnings\tis\timmaterial.\n97"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7cb80-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 97, "chroma:document": "Uncertain\tTax\tPositions\nThe\tchanges\tto\tour\tgross\tunrecognized\ttax\tbenefits\twere\tas\tfollows\t(in\tmillions):\n\t\n\t\n\t\n\t\n\t\n\t\nDecember\t31,\t2017\n\t\n$\n199\n\t\nDecreases\tin\tbalances\trelated\tto\tprior\tyear\ttax\tpositions\n\t\n\t\n(\n6\n)\nIncreases\tin\tbalances\trelated\tto\tcurrent\tyear\ttax\n\t\t\tpositions\n\t\n\t\n60\n\t\nDecember\t31,\t2018\n\t\n\t\n253\n\t\nDecreases\tin\tbalances\trelated\tto\tprior\tyear\ttax\tpositions\n\t\n\t\n(\n39\n)\nIncreases\tin\tbalances\trelated\tto\tcurrent\tyear\ttax\n\t\t\tpositions\n\t\n\t\n59\n\t\nDecember\t31,\t2019\n\t\n\t\n273\n\t\nIncreases\tin\tbalances\trelated\tto\tprior\tyear\ttax\tpositions\n\t\n\t\n66\n\t\nIncreases\tin\tbalances\trelated\tto\tcurrent\tyear\ttax\n\t\t\tpositions\n\t\n\t\n41\n\t\nDecember\t31,\t2020\n\t\n$\n380\n\t\nAs\tof\tDecember\t31,\t2020,\taccrued\tinterest\tand\tpenalties\trelated\tto\tunrecognized\ttax\tbenefits\tare\tclassified\tas\tincome\ttax\texpense\tand\twere\timmaterial.\nUnrecognized\ttax\tbenefits\tof\t$\n353\n\tmillion,\tif\trecognized,\twould\tnot\taffect\tour\teffective\ttax\trate\tsince\tthe\ttax\tbenefits\twould\tincrease\ta\tdeferred\ttax\tasset\tthat\tis\ncurrently\tfully\toffset\tby\ta\tfull\tvaluation\tallowance.\nWe\tfile\tincome\ttax\treturns\tin\tthe\tU.S.,\tCalifornia\tand\tvarious\tstate\tand\tforeign\tjurisdictions.\tWe\tare\tcurrently\tunder\texamination\tby\tthe\tIRS\tfor\tthe\nyears\t\n2015\n\tto\t\n2018\n.\tAdditional\ttax\tyears\twithin\tthe\tperiod\t\n2004\n\tto\t2014\tand\t\n2019\n\tremain\tsubject\tto\texamination\tfor\tfederal\tincome\ttax\tpurposes,\tand\ttax\tyears\n2004\n\tto\t\n2019"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7cbe4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 97, "chroma:document": "2004\n\tto\t\n2019\n\tremain\tsubject\tto\texamination\tfor\tCalifornia\tincome\ttax\tpurposes.\tAll\tnet\toperating\tlosses\tand\ttax\tcredits\tgenerated\tto\tdate\tare\tsubject\tto\nadjustment\tfor\tU.S.\tfederal\tand\tCalifornia\tincome\ttax\tpurposes.\tTax\tyears\t\n2008\n\tto\t\n2019\n\tremain\tsubject\tto\texamination\tin\tother\tU.S.\tstate\tand\tforeign\njurisdictions.\nThe\tpotential\toutcome\tof\tthe\tcurrent\texamination\tcould\tresult\tin\ta\tchange\tto\tunrecognized\ttax\tbenefits\twithin\tthe\tnext\ttwelve\tmonths.\tHowever,\twe\ncannot\treasonably\testimate\tpossible\tadjustments\tat\tthis\ttime.\t\t\nThe\tU.S.\tTax\tCourt\tissued\ta\tdecision\tin\tAltera\tCorp\tv.\tCommissioner\trelated\tto\tthe\ttreatment\tof\tstock-based\tcompensation\texpense\tin\ta\tcost-sharing\narrangement.\tOn\tJune\t7,\t2019,\tthe\tNinth\tCircuit\tCourt\tof\tAppeals\t(Ninth\tCircuit)\treversed\tthe\tTax\tCourt\tdecision\tand\tupheld\tthe\tvalidity\tof\tTreas.\tReg.\tSection\n1.482-7A(d)(2),\trequiring\tstock-based\tcompensation\tcosts\tbe\tincluded\tin\tthe\tcosts\tshared\tunder\ta\tcost\tsharing\tagreement.\tOn\tJune\t22,\t2020,\tthe\tU.S.\tSupreme\nCourt\tdenied\tto\treview\tthe\tNinth\tCircuit\tdecision.\t\tPrior\tto\tthe\tU.S.\tSupreme\tCourt\u2019s\tdenial,\tTesla\thas\talready\tincluded\tstock-based\tcompensation\tin\tcost\nsharing\tallocation\tagreement\tand\thence\tretains\tits\tposition\n.\nNote\t16\t\u2013\tCommitments\tand\tContingencies\nOperating\tLease\tArrangement\tin\tBuffalo,\tNew\tYork\nWe\thave\tan\toperating\tlease\tthrough\tthe\tResearch\tFoundation\tfor\tthe\tState\tUniversity\tof\tNew\tYork\t(the\t\u201cSUNY\tFoundation\u201d)\twith\trespect\tto\tGigafactory"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7cc3e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 97, "chroma:document": "New\tYork.\tUnder\tthe\tlease\tand\ta\trelated\tresearch\tand\tdevelopment\tagreement,\twe\tare\tcontinuing\tto\tdesignate\tfurther\tbuildouts\tat\tthe\tfacility.\tThe\tSUNY\nFoundation\tcovered\t(i)\tconstruction\tcosts\trelated\tto\tthe\tmanufacturing\tfacility\tup\tto\t$\n350\n\tmillion,\t(ii)\tthe\tacquisition\tand\tcommissioning\tof\tthe\tmanufacturing\nequipment\tin\tan\tamount\tup\tto\t$\n275\n\tmillion\tand\t(iii)\t$\n125\n\tmillion\tfor\tadditional\tspecified\tscope\tcosts,\tin\tcases\t(i)\tand\t(ii)\tonly,\tsubject\tto\tthe\tmaximum\tfunding\nallocation\tfrom\tthe\tState\tof\tNew\tYork;\tand\twe\twere\tresponsible\tfor\tany\tconstruction\tor\tequipment\tcosts\tin\texcess\tof\tsuch\tamounts.\tThe\tSUNY\tFoundation\towns\nthe\tmanufacturing\tfacility\tand\tthe\tmanufacturing\tequipment\tpurchased\tby\tthe\tSUNY\tFoundation.\tFollowing\tcompletion\tof\tthe\tmanufacturing\tfacility,\twe\thave\ncommenced\tleasing\tof\tthe\tmanufacturing\tfacility\tand\tthe\tmanufacturing\tequipment\towned\tby\tthe\tSUNY\tFoundation\tfor\tan\tinitial\tperiod\tof\t\n10\n\tyears,\twith\tan\noption\tto\trenew,\tfor\t$\n2.00\n\tper\tyear\tplus\tutilities.\nUnder\tthis\tagreement,\twe\tare\tobligated\tto,\tamong\tother\tthings,\tmeet\temployment\ttargets\tas\twell\tas\tspecified\tminimum\tnumbers\tof\tpersonnel\tin\tthe\nState\tof\tNew\tYork\tand\tin\tBuffalo,\tNew\tYork\tand\tspend\tor\tincur\t$\n5.00\n\tbillion\tin\tcombined\tcapital,\toperational\texpenses,\tcosts\tof\tgoods\tsold\tand\tother\tcosts\tin\nthe\tState\tof\tNew\tYork\tduring\tthe\t10-year\tperiod\tbeginning\tApril\t30,\t2018.\tOn\tan\tannual\tbasis\tduring\tthe\tinitial\tlease\tterm,\tas\tmeasured\ton\teach\tanniversary\tof\nsuch\tdate,\tif\twe\tfail\tto\tmeet\tthese\tspecified\tinvestment\tand\tjob\tcreation\trequirements,\tthen\twe\twould\tbe\tobligated\tto\tpay\ta\t$\n41"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7cc98-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 97, "chroma:document": "41\n\tmillion\t\u201cprogram\tpayment\u201d\tto\nthe\tSUNY\tFoundation\tfor\teach\tyear\tthat\twe\tfail\tto\tmeet\tthese\trequirements.\tFurthermore,\tif\tthe\tarrangement\tis\tterminated\tdue\tto\ta\tmaterial\tbreach\tby\tus,\tthen\nadditional\tamounts\tmay\tbecome\tpayable\tby\tus.\n98"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7ccf2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 98, "chroma:document": "As\twe\ttemporarily\tsuspended\tmost\tof\tour\tmanufacturing\toperations\tat\tGigafactory\tNew\tYork\tpursuant\tto\ta\tNew\tYork\tState\texecutive\torder\tissued\tin\nMarch\t2020\tas\ta\tresult\tof\tthe\tCOVID-19\tpandemic,\twe\twere\tgranted\ta\t\none-year\n\tdeferral\tof\tour\tobligation\tto\tbe\tcompliant\twith\tour\tapplicable\ttargets\tunder\nsuch\tagreement\ton\tApril\t30,\t2020,\twhich\twas\tmemorialized\tin\tan\tamendment\tto\tour\tagreement\twith\tthe\tSUNY\tFoundation\tin\tJuly\t2020.\tMoreover,\twe\thad\nexceeded\tour\tinvestment\tand\temployment\tobligations\tunder\tthis\tagreement\tprior\tto\tsuch\tmandated\treduction\tof\toperations.\tWe\tdo\tnot\tcurrently\texpect\tany\nissues\tmeeting\tall\tapplicable\tfuture\tobligations\tunder\tthis\tagreement.\tHowever,\tif\tour\texpectations\tas\tto\tthe\tcosts\tand\ttimelines\tof\tour\tinvestment\tand\noperations\tat\tBuffalo\tor\tour\tproduction\tramp\tof\tthe\tSolar\tRoof\tprove\tincorrect,\twe\tmay\tincur\tadditional\texpenses\tor\tsubstantial\tpayments\tto\tthe\tSUNY\nFoundation.\nOperating\tLease\tArrangement\tin\tShanghai,\tChina\nWe\thave\tan\toperating\tlease\tarrangement\tfor\tan\tinitial\tterm\tof\t\n50\n\tyears\twith\tthe\tlocal\tgovernment\tof\tShanghai\tfor\tland\tuse\trights\twhere\twe\tare\nconstructing\tGigafactory\tShanghai.\tUnder\tthe\tterms\tof\tthe\tarrangement,\twe\tare\trequired\tto\tspend\tRMB\t\n14.08\n\tbillion\tin\tcapital\texpenditures,\tand\tto\tgenerate\nRMB\t\n2.23\n\tbillion\tof\tannual\ttax\trevenues\tstarting\tat\tthe\tend\tof\t2023.\tIf\twe\tare\tunwilling\tor\tunable\tto\tmeet\tsuch\ttarget\tor\tobtain\tperiodic\tproject\tapprovals,\tin\naccordance\twith\tthe\tChinese\tgovernment\u2019s\tstandard\tterms\tfor\tsuch\tarrangements,\twe\twould\tbe\trequired\tto\trevert\tthe\tsite\tto\tthe\tlocal\tgovernment\tand\treceive"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7cd4c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 98, "chroma:document": "compensation\tfor\tthe\tremaining\tvalue\tof\tthe\tland\tlease,\tbuildings\tand\tfixtures.\tWe\tbelieve\tthe\tcapital\texpenditure\trequirement\tand\tthe\ttax\trevenue\ttarget\twill\nbe\tattainable\teven\tif\tour\tactual\tvehicle\tproduction\twas\tfar\tlower\tthan\tthe\tvolumes\twe\tare\tforecasting.\nLegal\tProceedings\nSecurities\tLitigation\tRelating\tto\tthe\tSolarCity\tAcquisition\nBetween\tSeptember\t1,\t2016\tand\tOctober\t5,\t2016,\t\nseven\nlawsuits\twere\tfiled\tin\tthe\tDelaware\tCourt\tof\tChancery\tby\tpurported\tstockholders\tof\tTesla\nchallenging\tour\tacquisition\tof\tSolarCity\tCorporation\t(\u201cSolarCity\u201d).\tFollowing\tconsolidation,\tthe\tlawsuit\tnames\tas\tdefendants\tthe\tmembers\tof\tTesla\u2019s\tboard\tof\ndirectors\tas\tthen\tconstituted\tand\talleges,\tamong\tother\tthings,\tthat\tboard\tmembers\tbreached\ttheir\tfiduciary\tduties\tin\tconnection\twith\tthe\tacquisition.\tThe\ncomplaint\tasserts\tboth\tderivative\tclaims\tand\tdirect\tclaims\ton\tbehalf\tof\ta\tpurported\tclass\tand\tseeks,\tamong\tother\trelief,\tunspecified\tmonetary\tdamages,\tattorneys\u2019\nfees,\tand\tcosts.\tOn\t\nJanuary\n\t\n27,\t2017,\tdefendants\tfiled\ta\tmotion\tto\tdismiss\tthe\toperative\tcomplaint.\tRather\tthan\trespond\tto\tthe\tdefendants\u2019\tmotion,\tthe\tplaintiffs\nfiled\tan\tamended\tcomplaint.\tOn\tMarch\n\t\n17,\t2017,\tdefendants\tfiled\ta\tmotion\tto\tdismiss\tthe\tamended\tcomplaint.\tOn\tDecember\n\t\n13,\t2017,\tthe\tCourt\theard\toral\nargument\ton\tthe\tmotion.\tOn\tMarch\n\t\n28,\t2018,\tthe\tCourt\tdenied\tdefendants\u2019\tmotion\tto\tdismiss.\tDefendants\tfiled\ta\trequest\tfor\tinterlocutory\tappeal,\tand\tthe"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7cdb0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 98, "chroma:document": "Delaware\tSupreme\tCourt\tdenied\tthat\trequest\twithout\truling\ton\tthe\tmerits\tbut\telecting\tnot\tto\thear\tan\tappeal\tat\tthis\tearly\tstage\tof\tthe\tcase.\tDefendants\tfiled\ttheir\nanswer\ton\tMay\t18,\t2018,\tand\n\tmediations\twere\theld\ton\tJune\t10,\t2019.\tPlaintiffs\tand\tdefendants\tfiled\trespective\tmotions\tfor\tsummary\tjudgment\ton\tAugust\t25,\n2019,\tand\tfurther\tmediations\twere\theld\ton\tOctober\t3,\t2019.\tThe\tCourt\theld\ta\thearing\ton\tthe\tmotions\tfor\tsummary\tjudgment\ton\tNovember\t4,\t2019.\tOn\tJanuary\n22,\t2020,\tall\tof\tthe\tdirector\tdefendants\texcept\tElon\tMusk\treached\ta\tsettlement\tto\tresolve\tthe\tlawsuit\tagainst\tthem\tfor\tan\tamount\tthat\twould\tbe\tpaid\tentirely\nunder\tthe\tapplicable\tinsurance\tpolicy.\t\nThe\tsettlement,\twhich\tdoes\tnot\tinvolve\tan\tadmission\tof\tany\twrongdoing\tby\tany\tparty\n,\twas\tapproved\tby\tthe\tCourt\ton\nAugust\t17,\t2020.\tTesla\treceived\tpayment\tof\tapproximately\t$\n43\n\tmillion\ton\tSeptember\t16,\t2020,\twhich\thas\tbeen\trecognized\tin\tour\tconsolidated\tstatement\tof\noperations\tas\ta\treduction\tto\tselling,\tgeneral\tand\tadministrative\toperating\texpenses\tfor\tcosts\tpreviously\tincurred\tin\tthe\tsecurities\tlitigation\trelated\tto\tthe\nacquisition\tof\tSolarCity\n.\t\nOn\tFebruary\t4,\t2020,\tthe\tCourt\tissued\ta\truling\tthat\tdenied\tplaintiffs\u2019\tpreviously-filed\tmotion\tand\tgranted\tin\tpart\tand\tdenied\tin\tpart\ndefendants\u2019\tpreviously-filed\tmotion.\tFact\tand\texpert\tdiscovery\tis\tcomplete,\tand\tthe\tcase\twas\tset\tfor\ttrial\tin\tMarch\t2020\tuntil\tit\twas\tpostponed\tby\tthe\tCourt\tdue"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7ce00-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 98, "chroma:document": "to\tsafety\tprecautions\tconcerning\tCOVID-19.\tThe\tcurrent\ttentative\tdates\tfor\tthe\ttrial\tare\tfrom\tJuly\t12\tto\tJuly\t23,\t2021,\tsubject\tto\tchange\tbased\ton\tany\tfurther\nsafety\tmeasures\timplemented\tby\tthe\tCourt.\nThese\tplaintiffs\tand\tothers\tfiled\tparallel\tactions\tin\tthe\tU.S.\tDistrict\tCourt\tfor\tthe\tDistrict\tof\tDelaware\ton\tor\tabout\tApril\n\t\n21,\t2017.\tThey\tinclude\tclaims\tfor\nviolations\tof\tthe\tfederal\tsecurities\tlaws\tand\tbreach\tof\tfiduciary\tduties\tby\tTesla\u2019s\tboard\tof\tdirectors.\tThose\tactions\thave\tbeen\tconsolidated\tand\tstayed\tpending\tthe\nabove-referenced\tChancery\tCourt\tlitigation.\nWe\tbelieve\tthat\tclaims\tchallenging\tthe\tSolarCity\tacquisition\tare\twithout\tmerit\tand\tintend\tto\tdefend\tagainst\tthem\tvigorously.\tWe\tare\tunable\tto\testimate\nthe\tpossible\tloss\tor\trange\tof\tloss,\tif\tany,\tassociated\twith\tthese\tclaims.\n99"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7ce5a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 99, "chroma:document": "Securities\tLitigation\tRelating\tto\tProduction\tof\tModel\t3\tVehicles\nOn\n\tOctober\n\t\n10,\t2017,\ta\tpurported\tstockholder\tclass\taction\twas\tfiled\tin\tthe\tU.S.\tDistrict\tCourt\tfor\tthe\tNorthern\tDistrict\tof\tCalifornia\tagainst\tTesla,\ttwo\tof\nits\tcurrent\tofficers,\tand\ta\tformer\tofficer.\tThe\tcomplaint\talleges\tviolations\tof\tfederal\tsecurities\tlaws\tand\tseeks\tunspecified\tcompensatory\tdamages\tand\tother\nrelief\ton\tbehalf\tof\ta\tpurported\tclass\tof\tpurchasers\tof\tTesla\tsecurities\tfrom\tMay\n\t\n4,\t2016\tto\tOctober\n\t\n6,\t2017.\tThe\tlawsuit\tclaims\tthat\tTesla\tsupposedly\tmade\nmaterially\tfalse\tand\tmisleading\tstatements\tregarding\tTesla\u2019s\tpreparedness\tto\tproduce\tModel\t3\tvehicles.\tPlaintiffs\tfiled\tan\tamended\tcomplaint\ton\tMarch\n\t\n23,\n2018,\tand\tdefendants\tfiled\ta\tmotion\tto\tdismiss\ton\tMay\n\t\n25,\t2018.\tThe\tcourt\tgranted\tdefendants\u2019\tmotion\tto\tdismiss\twith\tleave\tto\tamend.\tPlaintiffs\tfiled\ttheir\namended\tcomplaint\ton\tSeptember\t28,\t2018,\tand\tdefendants\tfiled\ta\tmotion\tto\tdismiss\tthe\tamended\tcomplaint\ton\tFebruary\t15,\t2019.\t\tThe\thearing\ton\tthe\tmotion\nto\tdismiss\twas\theld\ton\tMarch\t22,\t2019,\tand\ton\tMarch\t25,\t2019,\tthe\tCourt\truled\tin\tfavor\tof\tdefendants\tand\tdismissed\tthe\tcomplaint\twith\tprejudice.\t\tOn\tApril\t8,\n2019,\tplaintiffs\tfiled\ta\tnotice\tof\tappeal\tand\ton\tJuly\t17,\t2019\tfiled\ttheir\topening\tbrief.\tWe\tfiled\tour\topposition\ton\tSeptember\t16,\t2019.\tA\thearing\ton\tthe\tappeal"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7ceb4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 99, "chroma:document": "before\tthe\tU.S.\tCourt\tof\tAppeals\tfor\tthe\tNinth\tCircuit\t(\u201cNinth\tCircuit\u201d)\twas\theld\ton\tApril\t30,\t2020.\tOn\tJanuary\t26,\t2021,\tthe\tNinth\tCircuit\taffirmed\tthe\tDistrict\nCourt\u2019s\tdismissal\tof\tthe\tstockholder\tclaims.\tWe\tcontinue\tto\tbelieve\tthat\tthe\tclaims\tare\twithout\tmerit\tand\tintend\tto\tdefend\tagainst\tthis\tlawsuit\tvigorously.\tWe\nare\tunable\tto\testimate\tthe\tpossible\tloss\tor\trange\tof\tloss,\tif\tany,\tassociated\twith\tthis\tlawsuit.\nOn\tOctober\t26,\t2018,\tin\ta\tsimilar\taction,\ta\tpurported\tstockholder\tclass\taction\twas\tfiled\tin\tthe\tSuperior\tCourt\tof\tCalifornia\tin\tSanta\tClara\tCounty\tagainst\nTesla,\tElon\tMusk,\tand\tseven\tinitial\tpurchasers\tin\tan\toffering\tof\tdebt\tsecurities\tby\tTesla\tin\tAugust\t2017.\tThe\tcomplaint\talleges\tmisrepresentations\tmade\tby\nTesla\tregarding\tthe\tnumber\tof\tModel\t3\tvehicles\tTesla\texpected\tto\tproduce\tby\tthe\tend\tof\t2017\tin\tconnection\twith\tsuch\toffering\tand\tseeks\tunspecified\ncompensatory\tdamages\tand\tother\trelief\ton\tbehalf\tof\ta\tpurported\tclass\tof\tpurchasers\tof\tTesla\tsecurities\tin\tsuch\toffering.\tTesla\tthereafter\tremoved\tthe\tcase\tto\nfederal\tcourt.\tOn\tJanuary\t22,\t2019,\tplaintiff\tabandoned\tits\teffort\tto\tproceed\tin\tstate\tcourt,\tinstead\tfiling\tan\tamended\tcomplaint\tagainst\tTesla,\tElon\tMusk\tand\nseven\tinitial\tpurchasers\tin\tthe\tdebt\toffering\tbefore\tthe\tsame\tjudge\tin\tthe\tU.S.\tDistrict\tCourt\tfor\tthe\tNorthern\tDistrict\tof\tCalifornia\twho\tis\thearing\tthe\tabove-\nreferenced\tearlier\tfiled\tfederal\tcase.\tOn\tFebruary\t5,\t2019,\tthe\tCourt\tstayed\tthis\tnew\tcase\tpending\ta\truling\ton\tthe\tmotion\tto\tdismiss\tthe\tcomplaint\tin\tsuch"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7cf68-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 99, "chroma:document": "earlier\tfiled\tfederal\tcase.\tAfter\tsuch\tearlier\tfiled\tfederal\tcase\twas\tdismissed,\tdefendants\tfiled\ta\tmotion\ton\tJuly\t2,\t2019\tto\tdismiss\tthis\tcase\tas\twell.\tThis\tcase\tis\nnow\tstayed\tpending\ta\truling\tfrom\tthe\tNinth\tCircuit\ton\tthe\tearlier\tfiled\tfederal\tcase\twith\tan\tagreement\tthat\tif\tdefendants\tprevail\ton\tappeal\tin\tsuch\tcase,\tthis\ncase\twill\tbe\tdismissed.\tWe\tbelieve\tthat\tthe\tclaims\tare\twithout\tmerit\tand\tintend\tto\tdefend\tagainst\tthis\tlawsuit\tvigorously.\tWe\tare\tunable\tto\testimate\tthe\tpossible\nloss\tor\trange\tof\tloss,\tif\tany,\tassociated\twith\tthis\tlawsuit.\nLitigation\tRelating\tto\t2018\tCEO\tPerformance\tAward\nOn\tJune\t4,\t2018,\ta\tpurported\tTesla\tstockholder\tfiled\ta\tputative\tclass\tand\tderivative\taction\tin\tthe\tDelaware\tCourt\tof\tChancery\tagainst\tElon\tMusk\tand\tthe\nmembers\tof\tTesla\u2019s\tboard\tof\tdirectors\tas\tthen\tconstituted,\talleging\tcorporate\twaste,\tunjust\tenrichment,\tand\tthat\tsuch\tboard\tmembers\tbreached\ttheir\tfiduciary\nduties\tby\tapproving\tthe\tstock-based\tcompensation\tplan.\tThe\tcomplaint\tseeks,\tamong\tother\tthings,\tmonetary\tdamages\tand\trescission\tor\treformation\tof\tthe\nstock-based\tcompensation\tplan.\tOn\tAugust\t31,\t2018,\tdefendants\tfiled\ta\tmotion\tto\tdismiss\tthe\tcomplaint;\tplaintiff\tfiled\tits\topposition\tbrief\ton\tNovember\t1,\t2018\nand\tdefendants\tfiled\ta\treply\tbrief\ton\tDecember\t13,\t2018.\tThe\thearing\ton\tthe\tmotion\tto\tdismiss\twas\theld\ton\tMay\t9,\t2019.\tOn\tSeptember\t20,\t2019,\tthe\tCourt\ngranted\tthe\tmotion\tto\tdismiss\tas\tto\tthe\tcorporate\twaste\tclaim\tbut\tdenied\tthe\tmotion\tas\tto\tthe\tbreach\tof\tfiduciary\tduty\tand\tunjust\tenrichment\tclaims.\tOur"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7cfcc-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 99, "chroma:document": "answer\twas\tfiled\ton\tDecember\t3,\t2019,\tand\ttrial\tis\tset\tfor\tApril\t2022.\tFact\tdiscovery\tis\tongoing.\tWe\tbelieve\tthe\tclaims\tasserted\tin\tthis\tlawsuit\tare\twithout\tmerit\nand\tintend\tto\tdefend\tagainst\tthem\tvigorously.\tWe\tare\tunable\tto\testimate\tthe\tpossible\tloss\tor\trange\tof\tloss,\tif\tany,\tassociated\twith\tthis\tlawsuit.\nLitigation\tRelated\tto\tDirectors\u2019\tCompensation\nOn\tJune\t17,\t2020,\ta\tpurported\tTesla\tstockholder\tfiled\ta\tderivative\taction\tin\tthe\tDelaware\tCourt\tof\tChancery,\tpurportedly\ton\tbehalf\tof\tTesla,\tagainst\ncertain\tof\tTesla\u2019s\tcurrent\tand\tformer\tdirectors\tregarding\tcompensation\tawards\tgranted\tto\tTesla\u2019s\tdirectors,\tother\tthan\tElon\tMusk,\tbetween\t2017\tand\t2020.\nThe\tsuit\tasserts\tclaims\tfor\tbreach\tof\tfiduciary\tduty\tand\tunjust\tenrichment\tand\tseeks\tdeclaratory\tand\tinjunctive\trelief,\tunspecified\tdamages,\tand\tother\trelief.\nDefendants\tfiled\ttheir\tanswer\ton\tSeptember\t17,\t2020.\tTrial\tis\tset\tfor\tSeptember\t2022,\tand\tfact\tdiscovery\tis\tongoing.\tWe\tbelieve\tthat\tthe\tclaims\tare\twithout\nmerit\tand\tintend\tto\tdefend\tagainst\tthis\tlawsuit\tvigorously.\tWe\tare\tunable\tto\testimate\tthe\tpossible\tloss\tor\trange\tof\tloss,\tif\tany,\tassociated\twith\tthis\tlawsuit.\n100"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7d026-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 100, "chroma:document": "Securities\tLitigation\t\nRelating\n\tto\tPotential\tGoing\tPrivate\tTransaction\nBetween\tAugust\t10,\t2018\tand\tSeptember\t6,\t2018,\tnine\tpurported\tstockholder\tclass\tactions\twere\tfiled\tagainst\tTesla\tand\tElon\tMusk\tin\tconnection\twith\nMr.\tMusk\u2019s\tAugust\t7,\t2018\tTwitter\tpost\tthat\the\twas\tconsidering\ttaking\tTesla\tprivate.\tAll\tof\tthe\tsuits\tare\tnow\tpending\tin\tthe\tU.S.\tDistrict\tCourt\tfor\tthe\tNorthern\nDistrict\tof\tCalifornia.\tAlthough\tthe\tcomplaints\tvary\tin\tcertain\trespects,\tthey\teach\tpurport\tto\tassert\tclaims\tfor\tviolations\tof\tfederal\tsecurities\tlaws\trelated\tto\tMr.\nMusk\u2019s\tstatement\tand\tseek\tunspecified\tcompensatory\tdamages\tand\tother\trelief\ton\tbehalf\tof\ta\tpurported\tclass\tof\tpurchasers\tof\tTesla\u2019s\tsecurities.\tPlaintiffs\tfiled\ntheir\tconsolidated\tcomplaint\ton\tJanuary\t16,\t2019\tand\tadded\tas\tdefendants\tthe\tmembers\tof\tTesla\u2019s\tboard\tof\tdirectors.\tThe\tnow-consolidated\tpurported\nstockholder\tclass\taction\twas\tstayed\twhile\tthe\tissue\tof\tselection\tof\tlead\tcounsel\twas\tbriefed\tand\targued\tbefore\tthe\tNinth\tCircuit.\tThe\tNinth\tCircuit\truled\nregarding\tlead\tcounsel.\tDefendants\tfiled\ta\tmotion\tto\tdismiss\tthe\tcomplaint\ton\tNovember\t22,\t2019.\tThe\thearing\ton\tthe\tmotion\twas\theld\ton\tMarch\t6,\t2020.\tOn\nApril\t15,\t2020,\tthe\tCourt\tdenied\tdefendants\u2019\tmotion\tto\tdismiss.\tThe\tparties\tstipulated\tto\tcertification\tof\ta\tclass\tof\tstockholders,\twhich\tthe\tcourt\tgranted\ton\nNovember\t25,\t2020.\tTrial\tis\tset\tfor\tMay\t2022.\tWe\tbelieve\tthat\tthe\tclaims\thave\tno\tmerit\tand\tintend\tto\tdefend\tagainst\tthem\tvigorously.\tWe\tare\tunable\tto\nestimate\tthe\tpotential\tloss,\tor\trange\tof\tloss,\tassociated\twith\tthese\tclaims."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7d080-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 100, "chroma:document": "Between\tOctober\t17,\t2018\tand\tNovember\t9,\t2018,\tfive\tderivative\tlawsuits\twere\tfiled\tin\tthe\tDelaware\tCourt\tof\tChancery\tagainst\tMr.\tMusk\tand\tthe\nmembers\tof\tTesla\u2019s\tboard\tof\tdirectors\tas\tthen\tconstituted\tin\trelation\tto\tstatements\tmade\tand\tactions\tconnected\tto\ta\tpotential\tgoing\tprivate\ttransaction.\tIn\naddition\tto\tthese\tcases,\ton\tOctober\t25,\t2018,\tanother\tderivative\tlawsuit\twas\tfiled\tin\tthe\tU.S.\tDistrict\tCourt\tfor\tthe\tDistrict\tof\tDelaware\tagainst\tMr.\tMusk\tand\nthe\tmembers\tof\tthe\tTesla\tboard\tof\tdirectors\tas\tthen\tconstituted.\tThe\tCourts\tin\tboth\tthe\tDelaware\tfederal\tcourt\tand\tDelaware\tCourt\tof\tChancery\tactions\thave\nconsolidated\ttheir\trespective\tactions\tand\tstayed\teach\tconsolidated\taction\tpending\tresolution\tof\tthe\tabove-referenced\tconsolidated\tpurported\tstockholder\tclass\naction.\tWe\tbelieve\tthat\tthe\tclaims\thave\tno\tmerit\tand\tintend\tto\tdefend\tagainst\tthem\tvigorously.\tWe\tare\tunable\tto\testimate\tthe\tpotential\tloss\tor\trange\tof\tloss,\tif\nany,\tassociated\twith\tthese\tlawsuits.\nBeginning\ton\tMarch\t7,\t2019,\tvarious\tstockholders\tfiled\tderivative\tsuits\tin\tthe\tDelaware\tCourt\tof\tChancery,\tpurportedly\ton\tbehalf\tof\tTesla,\tnaming\tMr.\nMusk\tand\tTesla\u2019s\tboard\tof\tdirectors\tas\tthen\tconstituted,\talso\trelated\tto\tMr.\tMusk\u2019s\tAugust\t7,\t2018\tTwitter\tpost\tthat\tis\tthe\tbasis\tof\tthe\tabove-referenced\nconsolidated\tpurported\tstockholder\tclass\taction,\tas\twell\tas\tto\tMr.\tMusk\u2019s\tFebruary\t19,\t2019\tTwitter\tpost\tregarding\tTesla\u2019s\tvehicle\tproduction.\tThe\tsuit\tasserts"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7d12a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 100, "chroma:document": "claims\tfor\tbreach\tof\tfiduciary\tduty\tand\tseeks\tdeclaratory\tand\tinjunctive\trelief,\tunspecified\tdamages,\tand\tother\trelief.\tPlaintiffs\tagreed\tto\ta\tstipulation\tthat\tthese\nderivative\tcases\twould\tbe\tstayed\tpending\tthe\toutcome\tof\tthe\tabove-referenced\tconsolidated\tpurported\tstockholder\tclass\taction.\tIn\tMarch\t2019,\tplaintiffs\tin\tone\nof\tthese\tderivative\tsuits\tmoved\tto\tlift\tthe\tstay\tand\tfor\tan\texpedited\ttrial.\tBriefs\twere\tfiled\ton\tMarch\t13,\t2019,\tand\tthe\thearing\twas\theld\ton\tMarch\t18,\t2019.\nDefendants\tprevailed,\twith\tthe\tCourt\tdenying\tthe\tplaintiffs\u2019\trequest\tfor\tan\texpedited\ttrial\tand\tgranting\tdefendants\u2019\trequest\tto\tcontinue\tto\tstay\tthis\tsuit\tpending\nthe\toutcome\tof\tthe\tabove-referenced\tconsolidated\tpurported\tstockholder\tclass\taction.\tOn\tMay\t4,\t2020,\tthe\tsame\tplaintiffs\tagain\tfiled\ta\tmotion\trequesting\tto\tlift\nthe\tstay\tand\tfor\tan\texpedited\ttrial.\tBriefs\twere\tfiled\ton\tMay\t13,\t2020\tand\tMay\t15,\t2020\tand\ta\thearing\twas\theld\ton\tMay\t19,\t2020.\tDefendants\tagain\tprevailed,\nwith\tthe\tCourt\tdenying\tplaintiffs\u2019\trequest\tto\tlift\tthe\tstay\tand\tfor\tan\texpedited\ttrial.\tThe\tplaintiffs\talso\tsought\tleave\tto\tfile\tan\tamended\tcomplaint,\twhich\twas\ngranted.\tThe\tCourt\tentered\tan\torder\timplementing\tits\truling\ton\tMay\t21,\t2020.\tThe\tamended\tcomplaint\tasserts\tadditional\tallegations\tof\tbreach\tof\tfiduciary\tduty\nrelated\tto\ttwo\tadditional\tTwitter\tposts\tby\tMr.\tMusk,\tdated\tJuly\t29,\t2019\tand\tMay\t1,\t2020,\tand\tseeks\tunspecified\tdamages\tand\tdeclaratory\tand\tinjunctive"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7d1ac-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 100, "chroma:document": "relief.\tWe\tbelieve\tthat\tthe\tclaims\thave\tno\tmerit\tand\tintend\tto\tdefend\tagainst\tthem\tvigorously.\tWe\tare\tunable\tto\testimate\tthe\tpotential\tloss\tor\trange\tof\tloss,\tif\nany,\tassociated\twith\tthese\tlawsuits.\nCertain\tInvestigations\tand\tOther\tMatters\nWe\treceive\trequests\tfor\tinformation\tfrom\tregulators\tand\tgovernmental\tauthorities,\tsuch\tas\tthe\tNational\tHighway\tTraffic\tSafety\tAdministration,\tthe\nNational\tTransportation\tSafety\tBoard,\tthe\tSEC,\tthe\tDepartment\tof\tJustice\t(\u201cDOJ\u201d)\tand\tvarious\tstate,\tfederal,\tand\tinternational\tagencies.\tWe\troutinely\tcooperate\nwith\tsuch\tregulatory\tand\tgovernmental\trequests.\n\t\nIn\tparticular,\tthe\tSEC\thad\tissued\tsubpoenas\tto\tTesla\tin\tconnection\twith\t(a)\tElon\tMusk\u2019s\tprior\tstatement\tthat\the\twas\tconsidering\ttaking\tTesla\tprivate\nand\t(b)\tcertain\tprojections\tthat\twe\tmade\tfor\tModel\t3\tproduction\trates\tduring\t2017\tand\tother\tpublic\tstatements\trelating\tto\tModel\t3\tproduction.\tThe\ttake-private\ninvestigation\twas\tresolved\tand\tclosed\twith\ta\tsettlement\tentered\tinto\twith\tthe\tSEC\tin\tSeptember\t2018\tand\tas\tfurther\tclarified\tin\tApril\t2019\tin\tan\tamendment.\nOn\tDecember\t4,\t2019,\tthe\tSEC\t(i)\tclosed\tthe\tinvestigation\tinto\tthe\tprojections\tand\tother\tpublic\tstatements\tregarding\tModel\t3\tproduction\trates\tand\t(ii)\tissued\ta\nsubpoena\tseeking\tinformation\t\nconcerning\tcertain\tfinancial\tdata\tand\tcontracts\tincluding\tTesla\u2019s\tregular\tfinancing\tarrangements\n.\tSeparately,\tthe\tDOJ\thad\talso\nasked\tus\tto\tvoluntarily\tprovide\tit\twith\tinformation\tabout\tthe\tabove\tmatters\trelated\tto\ttaking\tTesla\tprivate\tand\tModel\t3\tproduction\trates."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7d206-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 100, "chroma:document": "Aside\tfrom\tthe\tsettlement,\tas\tamended,\twith\tthe\tSEC\trelating\tto\tMr.\tMusk\u2019s\tstatement\tthat\the\twas\tconsidering\ttaking\tTesla\tprivate,\tthere\thave\tnot\tbeen\nany\tdevelopments\tin\tthese\tmatters\tthat\twe\tdeem\tto\tbe\tmaterial,\tand\tto\tour\tknowledge\tno\tgovernment\tagency\tin\tany\tongoing\tinvestigation\thas\tconcluded\tthat\nany\twrongdoing\toccurred.\tAs\tis\tour\tnormal\tpractice,\twe\thave\tbeen\tcooperating\tand\twill\tcontinue\tto\tcooperate\twith\tgovernment\tauthorities.\tWe\tcannot\tpredict\nthe\toutcome\tor\timpact\tof\tany\tongoing\tmatters.\tShould\tthe\tgovernment\tdecide\tto\tpursue\tan\tenforcement\taction,\tthere\texists\tthe\tpossibility\tof\ta\tmaterial\tadverse\nimpact\ton\tour\tbusiness,\tresults\tof\toperation,\tprospects,\tcash\tflows,\tand\tfinancial\tposition.\n101"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7d26a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 101, "chroma:document": "We\tare\talso\tsubject\tto\tvarious\tother\tlegal\tproceedings\tand\tclaims\tthat\tarise\tfrom\tthe\tnormal\tcourse\tof\tbusiness\tactivities.\tIf\tan\tunfavorable\truling\tor\ndevelopment\twere\tto\toccur,\tthere\texists\tthe\tpossibility\tof\ta\tmaterial\tadverse\timpact\ton\tour\tbusiness,\tresults\tof\toperations,\tprospects,\tcash\tflows,\tfinancial\nposition,\tand\tbrand.\nIndemnification\tand\tGuaranteed\tReturns\nWe\tare\tcontractually\tobligated\tto\tcompensate\tcertain\tfund\tinvestors\tfor\tany\tlosses\tthat\tthey\tmay\tsuffer\tin\tcertain\tlimited\tcircumstances\tresulting\tfrom\nreductions\tin\tinvestment\ttax\tcredits\tclaimed\tunder\tU.S.\tfederal\tlaws\tfor\tthe\tinstallation\tof\tsolar\tpower\tfacilities\tand\tenergy\tstorage\tsystems\tthat\tare\tcharged\nfrom\ta\tco-sited\tsolar\tpower\tfacility\t(\u201cITC\u201ds).\tGenerally,\tsuch\tobligations\twould\tarise\tas\ta\tresult\tof\treductions\tto\tthe\tvalue\tof\tthe\tunderlying\tsolar\tenergy\tsystems\nas\tassessed\tby\tthe\tU.S.\tInternal\tRevenue\tService\t(the\t\u201cIRS\u201d)\tfor\tpurposes\tof\tclaiming\tITCs.\tFor\teach\tbalance\tsheet\tdate,\twe\tassess\tand\trecognize,\twhen\napplicable,\ta\tdistribution\tpayable\tfor\tthe\tpotential\texposure\tfrom\tthis\tobligation\tbased\ton\tall\tthe\tinformation\tavailable\tat\tthat\ttime,\tincluding\tany\taudits\nundertaken\tby\tthe\tIRS.\tWe\tbelieve\tthat\tany\tpayments\tto\tthe\tfund\tinvestors\tin\texcess\tof\tthe\tamounts\talready\trecognized\tby\tus\tfor\tthis\tobligation\tare\tnot\nprobable\tor\tmaterial\tbased\ton\tthe\tfacts\tknown\tat\tthe\tfiling\tdate.\nThe\tmaximum\tpotential\tfuture\tpayments\tthat\twe\tcould\thave\tto\tmake\tunder\tthis\tobligation\twould\tdepend\ton\tthe\tdifference\tbetween\tthe\tfair\tvalues\tof\tthe"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7d2c4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 101, "chroma:document": "solar\tenergy\tsystems\tsold\tor\ttransferred\tto\tthe\tfunds\tas\tdetermined\tby\tus\tand\tthe\tvalues\tthat\tthe\tIRS\twould\tdetermine\tas\tthe\tfair\tvalue\tfor\tthe\tsystems\tfor\npurposes\tof\tclaiming\tITCs.\tWe\tclaim\tITCs\tbased\ton\tguidelines\tprovided\tby\tthe\tU.S.\tTreasury\tdepartment\tand\tthe\tstatutory\tregulations\tfrom\tthe\tIRS.\tWe\tuse\tfair\nvalues\tdetermined\twith\tthe\tassistance\tof\tindependent\tthird-party\tappraisals\tcommissioned\tby\tus\tas\tthe\tbasis\tfor\tdetermining\tthe\tITCs\tthat\tare\tpassed-through\nto\tand\tclaimed\tby\tthe\tfund\tinvestors.\tSince\twe\tcannot\tdetermine\texactly\thow\tthe\tIRS\twill\tevaluate\tsystem\tvalues\tused\tin\tclaiming\tITCs,\twe\tare\tunable\tto\nreliably\testimate\tthe\tmaximum\tpotential\tfuture\tpayments\tthat\tit\tcould\thave\tto\tmake\tunder\tthis\tobligation\tas\tof\teach\tbalance\tsheet\tdate.\nWe\tare\teligible\tto\treceive\tcertain\tstate\tand\tlocal\tincentives\tthat\tare\tassociated\twith\trenewable\tenergy\tgeneration.\tThe\tamount\tof\tincentives\tthat\tcan\tbe\nclaimed\tis\tbased\ton\tthe\tprojected\tor\tactual\tsolar\tenergy\tsystem\tsize\tand/or\tthe\tamount\tof\tsolar\tenergy\tproduced.\tWe\talso\tcurrently\tparticipate\tin\tone\tstate\u2019s\nincentive\tprogram\tthat\tis\tbased\ton\teither\tthe\tfair\tmarket\tvalue\tor\tthe\ttax\tbasis\tof\tsolar\tenergy\tsystems\tplaced\tin\tservice.\tState\tand\tlocal\tincentives\treceived\tare\nallocated\tbetween\tus\tand\tfund\tinvestors\tin\taccordance\twith\tthe\tcontractual\tprovisions\tof\teach\tfund.\tWe\tare\tnot\tcontractually\tobligated\tto\tindemnify\tany\tfund\ninvestor\tfor\tany\tlosses\tthey\tmay\tincur\tdue\tto\ta\tshortfall\tin\tthe\tamount\tof\tstate\tor\tlocal\tincentives\tactually\treceived.\nLetters\tof\tCredit\nAs\tof\tDecember\t31,\t2020,\twe\thad\t$\n233\n\tmillion\tof\tunused\tletters\tof\tcredit\toutstanding.\n\t\nNote\t17\t\u2013\tVariable\tInterest\tEntity\tArrangements"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7d31e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 101, "chroma:document": "Note\t17\t\u2013\tVariable\tInterest\tEntity\tArrangements\nWe\thave\tentered\tinto\tvarious\tarrangements\twith\tinvestors\tto\tfacilitate\tthe\tfunding\tand\tmonetization\tof\tour\t\nsolar\tenergy\tsystems\tand\tvehicles.\tIn\nparticular,\tour\twholly\towned\tsubsidiaries\tand\tfund\tinvestors\thave\tformed\tand\tcontributed\tcash\tand\tassets\tinto\tvarious\tfinancing\tfunds\tand\tentered\tinto\trelated\nagreements.\n\tWe\thave\tdetermined\tthat\tthe\tfunds\tare\tvariable\tinterest\tentities\t(\u201cVIEs\u201d)\tand\twe\tare\tthe\tprimary\tbeneficiary\tof\tthese\tVIEs\tby\treference\tto\tthe\npower\tand\tbenefits\tcriterion\tunder\tASC\t810,\t\nConsolidation\n.\tWe\thave\tconsidered\tthe\tprovisions\twithin\tthe\tagreements,\twhich\tgrant\tus\tthe\tpower\tto\tmanage\tand\nmake\tdecisions\tthat\taffect\tthe\toperation\tof\tthese\tVIEs,\tincluding\tdetermining\tthe\tsolar\tenergy\tsystems\tor\tvehicles\tand\tthe\tassociated\tcustomer\tcontracts\tto\tbe\nsold\tor\tcontributed\tto\tthese\tVIEs,\tredeploying\tsolar\tenergy\tsystems\tor\tvehicles\tand\tmanaging\tcustomer\treceivables.\tWe\tconsider\tthat\tthe\trights\tgranted\tto\tthe\nfund\tinvestors\tunder\tthe\tagreements\tare\tmore\tprotective\tin\tnature\trather\tthan\tparticipating.\nAs\tthe\tprimary\tbeneficiary\tof\tthese\tVIEs,\twe\tconsolidate\tin\tthe\tfinancial\tstatements\tthe\tfinancial\tposition,\tresults\tof\toperations\tand\tcash\tflows\tof\tthese\nVIEs,\tand\tall\tintercompany\tbalances\tand\ttransactions\tbetween\tus\tand\tthese\tVIEs\tare\teliminated\tin\tthe\tconsolidated\tfinancial\tstatements.\tCash\tdistributions\tof\nincome\tand\tother\treceipts\tby\ta\tfund,\tnet\tof\tagreed\tupon\texpenses,\testimated\texpenses,\ttax\tbenefits\tand\tdetriments\tof\tincome\tand\tloss\tand\ttax\tcredits,\tare\nallocated\tto\tthe\tfund\tinvestor\tand\tour\tsubsidiary\tas\tspecified\tin\tthe\tagreements."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7d378-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 101, "chroma:document": "Generally,\tour\tsubsidiary\thas\tthe\toption\tto\tacquire\tthe\tfund\tinvestor\u2019s\tinterest\tin\tthe\tfund\tfor\tan\tamount\tbased\ton\tthe\tmarket\tvalue\tof\tthe\tfund\tor\tthe\nformula\tspecified\tin\tthe\tagreements.\nUpon\tthe\tsale\tor\tliquidation\tof\ta\tfund,\tdistributions\twould\toccur\tin\tthe\torder\tand\tpriority\tspecified\tin\tthe\tagreements.\nPursuant\tto\tmanagement\tservices,\tmaintenance\tand\twarranty\tarrangements,\twe\thave\tbeen\tcontracted\tto\tprovide\tservices\tto\tthe\tfunds,\tsuch\tas\noperations\tand\tmaintenance\tsupport,\taccounting,\tlease\tservicing\tand\tperformance\treporting.\tIn\tsome\tinstances,\twe\thave\tguaranteed\tpayments\tto\tthe\tfund\ninvestors\tas\tspecified\tin\tthe\tagreements.\tA\tfund\u2019s\tcreditors\thave\tno\trecourse\tto\tour\tgeneral\tcredit\tor\tto\tthat\tof\tother\tfunds.\tNone\tof\tthe\tassets\tof\tthe\tfunds\thad\nbeen\tpledged\tas\tcollateral\tfor\ttheir\tobligations.\n102"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7d3dc-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 102, "chroma:document": "The\taggregate\tcarrying\tvalues\tof\tthe\tVIEs\u2019\tassets\tand\tliabilities,\tafter\telimination\tof\tany\tintercompany\ttransactions\tand\tbalances,\tin\tthe\tconsolidated\nbalance\tsheets\twere\tas\tfollows\t(in\tmillions):\n\t\n\t\n\t\nDecember\t31,\n\t\n\t\nDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\nAssets\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nCurrent\tassets\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nCash\tand\tcash\tequivalents\n\t\n$\n87\n\t\n\t\n$\n106\n\t\nAccounts\treceivable,\tnet\n\t\n\t\n28\n\t\n\t\n\t\n27\n\t\nPrepaid\texpenses\tand\tother\tcurrent\tassets\n\t\n\t\n105\n\t\n\t\n\t\n100\n\t\nTotal\tcurrent\tassets\n\t\n\t\n220\n\t\n\t\n\t\n233\n\t\nOperating\tlease\tvehicles,\tnet\n\t\n\t\n\u2014\n\t\n\t\n\t\n1,183\n\t\nSolar\tenergy\tsystems,\tnet\n\t\n\t\n4,749\n\t\n\t\n\t\n5,030\n\t\nOther\tnon-current\tassets\n\t\n\t\n182\n\t\n\t\n\t\n156\n\t\nTotal\tassets\n\t\n$\n5,151\n\t\n\t\n$\n6,602\n\t\nLiabilities\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nCurrent\tliabilities\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nAccrued\tliabilities\tand\tother\n\t\n$\n63\n\t\n\t\n$\n80\n\t\nDeferred\trevenue\n\t\n\t\n11\n\t\n\t\n\t\n78\n\t\nCustomer\tdeposits\n\t\n\t\n14\n\t\n\t\n\t\n9\n\t\nCurrent\tportion\tof\tdebt\tand\tfinance\tleases\n\t\n\t\n797\n\t\n\t\n\t\n608\n\t\nTotal\tcurrent\tliabilities\n\t\n\t\n885\n\t\n\t\n\t\n775\n\t\nDeferred\trevenue,\tnet\tof\tcurrent\tportion\n\t\n\t\n168"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7d436-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 102, "chroma:document": "168\n\t\n\t\n\t\n264\n\t\nDebt\tand\tfinance\tleases,\tnet\tof\tcurrent\tportion\n\t\n\t\n1,346\n\t\n\t\n\t\n1,516\n\t\nOther\tlong-term\tliabilities\n\t\n\t\n19\n\t\n\t\n\t\n22\n\t\nTotal\tliabilities\n\t\n$\n2,418\n\t\n\t\n$\n2,577\n\t\n\t\n\t\nNote\t18\t\u2013\tLease\tPass-Through\tFinancing\tObligation\nThrough\tDecember\t31,\t2020,\twe\thad\tentered\tinto\t\neight\n\ttransactions\treferred\tto\tas\t\u201clease\tpass-through\tfund\tarrangements\u201d.\tUnder\tthese\tarrangements,\nour\twholly\towned\tsubsidiaries\tfinance\tthe\tcost\tof\tsolar\tenergy\tsystems\twith\tinvestors\tthrough\tarrangements\tcontractually\tstructured\tas\tmaster\tleases\tfor\tan\ninitial\tterm\tranging\tbetween\t\n10\n\tand\t\n25\n\tyears\n.\tThese\tsolar\tenergy\tsystems\tare\tsubject\tto\tlease\tor\tPPAs\twith\tcustomers\twith\tan\tinitial\tterm\tnot\texceeding\t\n25\nyears.\tThese\tsolar\tenergy\tsystems\tare\tincluded\twithin\tsolar\tenergy\tsystems,\tnet\ton\tthe\tconsolidated\tbalance\tsheets.\nThe\tcost\tof\tthe\tsolar\tenergy\tsystems\tunder\tlease\tpass-through\tfund\tarrangements\tas\tof\tDecember\t31,\t2020\tand\t2019\twas\t$\n1.05\n\tbillion.\tThe\naccumulated\tdepreciation\ton\tthese\tassets\tas\tof\tDecember\t31,\t2020\tand\t2019\twas\t$\n137\n\tmillion\tand\t$\n101\n\tmillion,\trespectively.\tThe\ttotal\tlease\tpass-through\nfinancing\tobligation\tas\tof\tDecember\t31,\t2020\twas\t$\n68\n\tmillion,\tof\twhich\t$\n41\n\tmillion\tis\tclassified\tas\ta\tcurrent\tliability.\tThe\ttotal\tlease\tpass-through\tfinancing\nobligation\tas\tof\tDecember\t31,\t2019\twas\t$\n94\n\tmillion,\tof\twhich\t$\n57"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7d490-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 102, "chroma:document": "94\n\tmillion,\tof\twhich\t$\n57\n\tmillion\twas\tclassified\tas\ta\tcurrent\tliability.\tLease\tpass-through\tfinancing\tobligation\tis\nincluded\tin\taccrued\tliabilities\tand\tother\tfor\tthe\tcurrent\tportion\tand\tother\tlong-term\tliabilities\tfor\tthe\tlong-term\tportion\ton\tthe\tconsolidated\tbalance\tsheets.\nUnder\ta\tlease\tpass-through\tfund\tarrangement,\tthe\tinvestor\tmakes\ta\tlarge\tupfront\tpayment\tto\tthe\tlessor,\twhich\tis\tone\tof\tour\tsubsidiaries,\tand\tin\tsome\ncases,\tsubsequent\tperiodic\tpayments.\tWe\tallocate\ta\tportion\tof\tthe\taggregate\tinvestor\tpayments\tto\tthe\tfair\tvalue\tof\tthe\tassigned\tITCs,\twhich\tis\testimated\tby\ndiscounting\tthe\tprojected\tcash\tflow\timpact\tof\tthe\tITCs\tusing\ta\tmarket\tinterest\trate\tand\tis\taccounted\tfor\tseparately.\tWe\taccount\tfor\tthe\tremainder\tof\tthe\ninvestor\tpayments\tas\ta\tborrowing\tby\trecording\tthe\tproceeds\treceived\tas\ta\tlease\tpass-through\tfinancing\tobligation,\twhich\tis\trepaid\tfrom\tthe\tfuture\tcustomer\nlease\tpayments\tand\tany\tincentive\trebates.\tA\tportion\tof\tthe\tamounts\treceived\tby\tthe\tinvestor\tis\tallocated\tto\tinterest\texpense\tusing\tthe\teffective\tinterest\trate\nmethod.\nThe\tlease\tpass-through\tfinancing\tobligation\tis\tnon-recourse\tonce\tthe\tassociated\tsolar\tenergy\tsystems\thave\tbeen\tplaced\tin-service\tand\tthe\tassociated\ncustomer\tarrangements\thave\tbeen\tassigned\tto\tthe\tinvestors.\tIn\taddition,\twe\tare\tresponsible\tfor\tany\twarranties,\tperformance\tguarantees,\taccounting\tand\nperformance\treporting.\tFurthermore,\twe\tcontinue\tto\taccount\tfor\tthe\tcustomer\tarrangements\tand\tany\tincentive\trebates\tin\tthe\tconsolidated\tfinancial\tstatements,\nregardless\tof\twhether\tthe\tcash\tis\treceived\tby\tus\tor\tdirectly\tby\tthe\tinvestors.\n103"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7d4ea-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 103, "chroma:document": "As\tof\tDecember\t31,\t2020,\tthe\tfuture\tminimum\tmaster\tlease\tpayments\tto\tbe\treceived\tfrom\tinvestors,\tfor\teach\tof\tthe\tnext\tfive\tyears\tand\tthereafter,\twere\nas\tfollows\t(in\tmillions):\n\t\n2021\n\t\n$\n41\n\t\n2022\n\t\n\t\n33\n\t\n2023\n\t\n\t\n26\n\t\n2024\n\t\n\t\n18\n\t\n2025\n\t\n\t\n27\n\t\nThereafter\n\t\n\t\n423\n\t\nTotal\n\t\n$\n568\n\t\nFor\ttwo\tof\tthe\tlease\tpass-through\tfund\tarrangements,\tour\tsubsidiaries\thave\tpledged\tits\tassets\tto\tthe\tinvestors\tas\tsecurity\tfor\tits\tobligations\tunder\tthe\ncontractual\tagreements.\nEach\tlease\tpass-through\tfund\tarrangement\thas\ta\tone-time\tmaster\tlease\tprepayment\tadjustment\tmechanism\tthat\toccurs\twhen\tthe\tcapacity\tand\tthe\nplaced-in-service\tdates\tof\tthe\tassociated\tsolar\tenergy\tsystems\tare\tfinalized\tor\ton\tan\tagreed-upon\tdate.\tAs\tpart\tof\tthis\tmechanism,\tthe\tmaster\tlease\tprepayment\namount\tis\tupdated,\tand\twe\tmay\tbe\tobligated\tto\trefund\ta\tportion\tof\ta\tmaster\tlease\tprepayment\tor\tentitled\tto\treceive\tan\tadditional\tmaster\tlease\tprepayment.\tAny\nadditional\tmaster\tlease\tprepayments\tare\trecorded\tas\tan\tadditional\tlease\tpass-through\tfinancing\tobligation\twhile\tany\tmaster\tlease\tprepayment\trefunds\twould\nreduce\tthe\tlease\tpass-through\tfinancing\tobligation.\n\t\nNote\t19\t\u2013\tDefined\tContribution\tPlan\nWe\thave\ta\t401(k)\tsavings\tplan\tthat\tis\tintended\tto\tqualify\tas\ta\tdeferred\tsalary\tarrangement\tunder\tSection\t401(k)\tof\tthe\tInternal\tRevenue\tCode.\tUnder\nthe\t401(k)\tsavings\tplan,\tparticipating\temployees\tmay\telect\tto\tcontribute\tup\tto\t\n100\n%\tof\ttheir\teligible\tcompensation,\tsubject\tto\tcertain\tlimitations.\tParticipants\nare\tfully\tvested\tin\ttheir\tcontributions.\tWe\tdid\t\nno"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7d544-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 103, "chroma:document": "no\nt\tmake\tany\tcontributions\tto\tthe\t401(k)\tsavings\tplan\tduring\tthe\tyears\tended\tDecember\t31,\t2020,\t2019\tand\t2018\n(other\tthan\temployee\tdeferrals\tof\teligible\tcompensation).\n\t\n\t\nNote\t20\t\u2013\tRelated\tParty\tTransactions\nIn\tNovember\t2018,\tour\tCEO\tpurchased\tfrom\tus\t\n284,575\n\tshares\tof\tour\tcommon\tstock\tin\ta\tprivate\tplacement\tat\ta\tper\tshare\tprice\tequal\tto\tthe\tlast\tclosing\nprice\tof\tour\tstock\tprior\tto\tthe\texecution\tof\tthe\tpurchase\tagreement\tfor\tan\taggregate\t$\n20\n\tmillion,\tas\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit.\nIn\tMay\t2019,\tour\tCEO\tpurchased\tfrom\tus\t\n514,400\n\tshares\tof\tour\tcommon\tstock\tin\ta\tpublic\toffering\tat\tthe\tpublic\toffering\tprice\tfor\tan\taggregate\t$\n25\nmillion,\tas\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit.\nIn\tFebruary\t2020,\tour\tCEO\tand\ta\tmember\tof\tour\tBoard\tof\tDirectors\tpurchased\tfrom\tus\t\n65,185\n\tand\t\n6,250\n\tshares,\trespectively,\tof\tour\tcommon\tstock\tin\ta\npublic\toffering\tat\tthe\tpublic\toffering\tprice\tfor\tan\taggregate\t$\n10\n\tmillion\tand\t$\n1\n\tmillion,\trespectively,\tas\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit.\nIn\tJune\t2020,\tour\tCEO\tentered\tinto\tan\tindemnification\tagreement\twith\tus\tfor\tan\tinterim\tterm\tof\t\n90\n\tdays.\tDuring\tthe\tinterim\tterm,\twe\tresumed\tour\nannual\tevaluation\tof\tall\tavailable\toptions\tfor\tproviding\tdirectors\u2019\tand\tofficers\u2019\tindemnity\tcoverage,\twhich\twe\thad\tsuspended\tduring\tthe\theight\tof\tshelter-in-\nplace\trequirements\trelated\tto\tthe\tCOVID-19\tpandemic.\tAs\tpart\tof\tsuch\tprocess,\twe\tobtained\ta\tbinding\tmarket\tquote\tfor\ta\tdirectors\u2019\tand\tofficers\u2019\tliability"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7d59e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 103, "chroma:document": "insurance\tpolicy\twith\tan\taggregate\tcoverage\tlimit\tof\t$\n100\n\tmillion.\nPursuant\tto\tthe\tindemnification\tagreement,\tour\tCEO\tprovided,\tfrom\this\tpersonal\tfunds,\tdirectors\u2019\tand\tofficers\u2019\tindemnity\tcoverage\tto\tus\tduring\tthe\ninterim\tterm\tin\tthe\tevent\tsuch\tcoverage\tis\tnot\tindemnifiable\tby\tus,\tup\tto\ta\ttotal\tof\t$\n100\n\tmillion.\tIn\treturn,\twe\tpaid\tour\tCEO\ta\ttotal\tof\t$\n3\n\tmillion,\twhich\nrepresents\tthe\tmarket-based\tpremium\tfor\tthe\tmarket\tquote\tdescribed\tabove\tas\tprorated\tfor\t90\tdays\tand\tfurther\tdiscounted\tby\t\n50\n%.\tFollowing\tthe\tlapse\tof\tthe\n90-day\tperiod,\twe\tdid\tnot\textend\tthe\tterm\tof\tthe\tindemnification\tagreement\twith\tour\tCEO\tand\tinstead\tbound\ta\tcustomary\tdirectors\u2019\tand\tofficers\u2019\tliability\ninsurance\tpolicy\twith\tthird-party\tcarriers.\n\t\n104"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7d602-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 104, "chroma:document": "Note\t\n2\n1\n\t\u2013\tSegment\tReporting\tand\tInformation\tabout\tGeographic\tAreas\nWe\thave\t\ntwo\n\toperating\tand\treportable\tsegments:\t(i)\tautomotive\tand\t(ii)\tenergy\tgeneration\tand\tstorage.\tThe\tautomotive\tsegment\tincludes\tthe\tdesign,\ndevelopment,\tmanufacturing,\tsales,\tand\tleasing\tof\telectric\tvehicles\tas\twell\tas\tsales\tof\tautomotive\tregulatory\tcredits.\tAdditionally,\tthe\tautomotive\tsegment\tis\nalso\tcomprised\tof\tservices\tand\tother,\twhich\tincludes\tnon-warranty\tafter-sales\tvehicle\tservices,\tsales\tof\tused\tvehicles,\tretail\tmerchandise,\tsales\tby\tour\tacquired\nsubsidiaries\tto\tthird\tparty\tcustomers,\tand\tvehicle\tinsurance\trevenue.\tThe\tenergy\tgeneration\tand\tstorage\tsegment\tincludes\tthe\tdesign,\tmanufacture,\ninstallation,\tsales,\tand\tleasing\tof\tsolar\tenergy\tgeneration\tand\tenergy\tstorage\tproducts\tand\trelated\tservices\tand\tsales\tof\tsolar\tenergy\tsystems\tincentives.\tOur\nCODM\tdoes\tnot\tevaluate\toperating\tsegments\tusing\tasset\tor\tliability\tinformation.\t\nThe\tfollowing\ttable\tpresents\trevenues\tand\tgross\tprofit\tby\treportable\tsegment\n(in\tmillions):\n\t\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\n\t\n2018\n\t\nAutomotive\tsegment\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nRevenues\n\t\n$\n29,542\n\t\n\t\n$\n23,047\n\t\n\t\n$\n19,906\n\t\nGross\tprofit\n\t\n$\n6,612\n\t\n\t\n$\n3,879\n\t\n\t\n$\n3,852\n\t\nEnergy\tgeneration\tand\tstorage\tsegment\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nRevenues\n\t\n$\n1,994\n\t\n\t\n$\n1,531\n\t\n\t\n$\n1,555\n\t\nGross\tprofit"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7d65c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 104, "chroma:document": "$\n1,555\n\t\nGross\tprofit\n\t\n$\n18\n\t\n\t\n$\n190\n\t\n\t\n$\n190\n\t\n\t\nThe\tfollowing\ttable\tpresents\trevenues\tby\tgeographic\tarea\tbased\ton\tthe\tsales\tlocation\tof\tour\tproducts\t(in\tmillions):\n\t\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\n\t\n2018\n\t\nUnited\tStates\n\t\n$\n15,207\n\t\n\t\n$\n12,653\n\t\n\t\n$\n14,872\n\t\nChina\n\t\n\t\n6,662\n\t\n\t\n\t\n2,979\n\t\n\t\n\t\n1,757\n\t\nOther\n\t\n\t\n9,667\n\t\n\t\n\t\n8,946\n\t\n\t\n\t\n4,832\n\t\nTotal\n\t\n$\n31,536\n\t\n\t\n$\n24,578\n\t\n\t\n$\n21,461\n\t\n\t\nThe\trevenues\tin\tcertain\tgeographic\tareas\twere\timpacted\tby\tthe\tprice\tadjustments\twe\tmade\tto\tour\tvehicle\tofferings\tduring\tthe\tyears\tended\tDecember\n31,\t2020\tand\t2019.\tRefer\tto\tNote\t2,\t\nSummary\tof\tSignificant\tAccounting\tPolicies\n,\tfor\tdetails.\n\t\nThe\tfollowing\ttable\tpresents\tlong-lived\tassets\tby\tgeographic\tarea\t(in\tmillions):\n\t\n\t\n\t\nDecember\t31,\n\t\n\t\nDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\n\t\nUnited\tStates\n\t\n$\n15,989\n\t\n\t\n$\n15,644\n\t\nInternational\n\t\n\t\n2,737\n\t\n\t\n\t\n890\n\t\nTotal\n\t\n$\n18,726\n\t\n\t\n$\n16,534\n\t\n\t\n\t\nNote\t22\t\u2013\tRestructuring\tand\tOther"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7d6b6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 104, "chroma:document": "Note\t22\t\u2013\tRestructuring\tand\tOther\nDuring\tthe\tyear\tended\tDecember\t31,\t2019,\twe\tcarried\tout\tcertain\trestructuring\tactions\tin\torder\tto\treduce\tcosts\tand\timprove\tefficiency.\tAs\ta\tresult,\twe\nrecognized\t$\n50\n\tmillion\tof\tcosts\tprimarily\trelated\tto\temployee\ttermination\texpenses\tand\tlosses\tfrom\tclosing\tcertain\tstores\timpacting\tboth\tsegments.\tWe\nrecognized\t$\n47\n\tmillion\tin\timpairment\trelated\tto\tthe\tIPR&D\tintangible\tasset\tas\twe\tabandoned\tfurther\tdevelopment\tefforts\tand\t$\n15\n\tmillion\tfor\tthe\trelated\nequipment\twithin\tthe\tenergy\tgeneration\tand\tstorage\tsegment.\tWe\talso\tincurred\ta\tloss\tof\t$\n37\n\tmillion\tfor\tclosing\toperations\tin\tcertain\tfacilities.\tOn\tthe\nstatement\tof\tcash\tflows,\tthe\tamounts\twere\tpresented\tin\tthe\tcaptions\tin\twhich\tsuch\tamounts\twould\thave\tbeen\trecorded\tabsent\tthe\timpairment\tcharges.\tThe\nemployee\ttermination\texpenses\twere\tsubstantially\tpaid\tby\tDecember\t31,\t2019,\twhile\tthe\tremaining\tamounts\twere\tnon-cash.\nDuring\tthe\tyear\tended\tDecember\t31,\t2018,\twe\tcarried-out\tcertain\trestructuring\tactions\tin\torder\tto\treduce\tcosts\tand\timprove\tefficiency\tand\trecognized\n$\n37\n\tmillion\tof\temployee\ttermination\texpenses\tand\testimated\tlosses\tfrom\tsub-leasing\ta\tcertain\tfacility.\tThe\temployee\ttermination\tcash\texpenses\tof\t$\n27\n\tmillion\nwere\tsubstantially\tpaid\tby\tthe\tend\tof\t2018,\twhile\tthe\tremaining\tamounts\twere\tnon-cash.\tAlso\tincluded\twithin\trestructuring\tand\tother\tactivities\twas\t$\n55\n\tmillion\nof\texpenses\t(materially\tall\tof\twhich\twere\tnon-cash)\tfrom\trestructuring\tthe\tenergy\tgeneration\tand\tstorage\tsegment,\twhich\tcomprised\tof\tdisposals\tof\tcertain"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7d71a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 104, "chroma:document": "tangible\tassets,\tthe\tshortening\tof\tthe\tuseful\tlife\tof\ta\ttrade\tname\tintangible\tasset\tand\ta\tcontract\ttermination\tpenalty.\tIn\taddition,\twe\tconcluded\tthat\ta\tsmall\nportion\tof\tthe\tIPR&D\tasset\tis\tnot\tcommercially\tfeasible.\tConsequently,\twe\trecognized\tan\timpairment\tloss\tof\t$\n13\n\tmillion.\tWe\trecognized\tsettlement\tand\tlegal\nexpenses\tof\t$\n30\n\tmillion\tin\tthe\tyear\tended\tDecember\t31,\t2018\tfor\tthe\tsettlement\twith\tthe\tSEC\trelating\tto\ta\ttake-private\tproposal\tfor\tTesla.\tThese\texpenses\twere\nsubstantially\tpaid\tby\tthe\tend\tof\t2018.\n105"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7d774-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 105, "chroma:document": "Note\t23\t\u2013\tSubsequent\tEvents\n\t\nEarly\tConversions\tof\tConvertible\tSenior\tNotes\nBetween\tJanuary\t1,\t2021\tand\tFebruary\t5,\t2021,\twe\thave\treceived\tadditional\tconversion\tnotices\ton\tour\t2022\tNotes\tand\t2024\tNotes\tfor\t$\n62\n\tmillion\tand\n$\n623\n\tmillion\tin\taggregate\tprincipal\tamounts,\trespectively,\tfor\twhich\twe\tintend\tto\tsettle\tthe\tprincipal\tamounts\tin\tcash\tduring\tthe\tthree\tmonths\tended\tMarch\t31,\n2021.\n\t\nInvestments\nIn\tJanuary\t2021,\twe\tupdated\tour\tinvestment\tpolicy\tto\tprovide\tus\twith\tmore\tflexibility\tto\tfurther\tdiversify\tand\tmaximize\treturns\ton\tour\tcash\tthat\tis\tnot\nrequired\tto\tmaintain\tadequate\toperating\tliquidity.\tAs\tpart\tof\tthe\tpolicy,\twe\tmay\tinvest\ta\tportion\tof\tsuch\tcash\tin\tcertain\tspecified\talternative\treserve\tassets.\nThereafter,\twe\tinvested\tan\taggregate\n\t$\n1.50\nbillion\tin\tbitcoin\tunder\tthis\tpolicy.\tMoreover,\twe\texpect\tto\tbegin\taccepting\tbitcoin\tas\ta\tform\tof\tpayment\tfor\tour\nproducts\tin\tthe\tnear\tfuture,\tsubject\tto\tapplicable\tlaws\tand\tinitially\ton\ta\tlimited\tbasis,\twhich\twe\tmay\tor\tmay\tnot\tliquidate\tupon\treceipt.\nWe\twill\taccount\tfor\tdigital\tassets\tas\tindefinite-lived\tintangible\tassets\tin\taccordance\twith\tASC\t350,\t\nIntangibles\u2013Goodwill\tand\tOther\n.\tThe\tdigital\tassets\tare\ninitially\trecorded\tat\tcost\tand\tare\tsubsequently\tremeasured\ton\tthe\tconsolidated\tbalance\tsheet\tat\tcost,\tnet\tof\tany\timpairment\tlosses\tincurred\tsince\tacquisition.\nWe\twill\tperform\tan\tanalysis\teach\tquarter\tto\tidentify\timpairment.\tIf\tthe\tcarrying\tvalue\tof\tthe\tdigital\tasset\texceeds\tthe\tfair\tvalue\tbased\ton\tthe\tlowest\tprice"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7d7ce-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 105, "chroma:document": "quoted\tin\tthe\tactive\texchanges\tduring\tthe\tperiod,\twe\twill\trecognize\tan\timpairment\tloss\tequal\tto\tthe\tdifference\tin\tthe\tconsolidated\tstatement\tof\toperations.\nThe\tcost\tbasis\tof\tthe\tdigital\tassets\twill\tnot\tbe\tadjusted\tupward\tfor\tany\tsubsequent\tincreases\tin\ttheir\tquoted\tprices\ton\tthe\tactive\texchanges.\tGains\t(if\nany)\twill\tnot\tbe\trecorded\tuntil\trealized\tupon\tsale.\n\t\nNote\t24\t\u2013\tQuarterly\tResults\tof\tOperations\t(Unaudited)\nThe\tfollowing\ttable\tpresents\tselected\tquarterly\tresults\tof\toperations\tdata\tfor\tthe\tyears\tended\tDecember\t31,\t2020\tand\t2019\t(in\tmillions,\texcept\tper\tshare\namounts):\n\t\n\t\n\t\nThree\tMonths\tEnded\n\t\n\t\n\t\nMarch\t31\n\t\n\t\nJune\t30\n\t\n\t\nSeptember\t30\n\t\n\t\nDecember\t31\n\t\n2020\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nTotal\trevenues\n\t\n$\n5,985\n\t\n\t\n$\n6,036\n\t\n\t\n$\n8,771\n\t\n\t\n$\n10,744\n\t\nGross\tprofit\n\t\n$\n1,234\n\t\n\t\n$\n1,267\n\t\n\t\n$\n2,063\n\t\n\t\n$\n2,066\n\t\nNet\tincome\tattributable\tto\tcommon\n\t\t\tstockholders\n\t\n$\n16\n\t\n\t\n$\n104\n\t\n\t\n$\n331\n\t\n\t\n$\n270\n\t\nNet\tincome\tper\tshare\tof\tcommon\tstock\n\t\t\tattributable\tto\tcommon\tstockholders,\tbasic\t(1)\n\t\n$\n0.02\n\t\n\t\n$\n0.11\n\t\n\t\n$\n0.32\n\t\n\t\n$\n0.28\n\t\nNet\tincome\tper\tshare\tof\tcommon\tstock\n\t\t\tattributable\tto\tcommon\tstockholders,\tdiluted\t(1)\n\t\n$\n0.02\n\t\n\t\n$"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7d850-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 105, "chroma:document": "$\n0.02\n\t\n\t\n$\n0.10\n\t\n\t\n$\n0.27\n\t\n\t\n$\n0.24\n\t\n2019\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nTotal\trevenues\n\t\n$\n4,541\n\t\n\t\n$\n6,350\n\t\n\t\n$\n6,303\n\t\n\t\n$\n7,384\n\t\nGross\tprofit\n\t\n$\n566\n\t\n\t\n$\n921\n\t\n\t\n$\n1,191\n\t\n\t\n$\n1,391\n\t\nNet\t(loss)\tincome\tattributable\tto\tcommon\n\t\t\tstockholders\n\t\n$\n(\n702\n)\n\t\n$\n(\n408\n)\n\t\n$\n143\n\t\n\t\n$\n105\n\t\nNet\t(loss)\tincome\tper\tshare\tof\tcommon\tstock\n\t\t\tattributable\tto\tcommon\tstockholders,\tbasic\t(1)\n\t\n$\n(\n0.82\n)\n\t\n$\n(\n0.46\n)\n\t\n$\n0.16\n\t\n\t\n$\n0.12\n\t\nNet\t(loss)\tincome\tper\tshare\tof\tcommon\tstock\n\t\t\tattributable\tto\tcommon\tstockholders,\tdiluted\t(1)\n\t\n$\n(\n0.82\n)\n\t\n$\n(\n0.46\n)\n\t\n$\n0.16\n\t\n\t\n$\n0.11\n\t\n\t\n(1)\nPrior\tperiod\tresults\thave\tbeen\tadjusted\tto\treflect\tthe\tStock\tSplit.\tSee\tNote\t1,\t\nOverview\n,\tfor\tdetails.\n\t\n106"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7d8aa-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 106, "chroma:document": "I\nTEM\t9.\nCHANGES\tIN\tAND\tDISAGREEMENTS\tWITH\tACCOUNTANTS\tON\tACCOUNTING\tAND\tFINANCIAL\tDISCLOSURE\nNone.\nI\nTEM\t9A.\nCONTROLS\tAND\tPROCEDURES\nEvaluation\tof\tDisclosure\tControls\tand\tProcedures\nOur\tmanagement,\twith\tthe\tparticipation\tof\tour\tChief\tExecutive\tOfficer\tand\tour\tChief\tFinancial\tOfficer,\tevaluated\tthe\teffectiveness\tof\tour\tdisclosure\ncontrols\tand\tprocedures\tpursuant\tto\tRule\t13a-15\tunder\tthe\tSecurities\tExchange\tAct\tof\t1934,\tas\tamended\t(the\t\u201cExchange\tAct\u201d).\tIn\tdesigning\tand\tevaluating\tthe\ndisclosure\tcontrols\tand\tprocedures,\tour\tmanagement\trecognizes\tthat\tany\tcontrols\tand\tprocedures,\tno\tmatter\thow\twell\tdesigned\tand\toperated,\tcan\tprovide\tonly\nreasonable\tassurance\tof\tachieving\tthe\tdesired\tcontrol\tobjectives.\tIn\taddition,\tthe\tdesign\tof\tdisclosure\tcontrols\tand\tprocedures\tmust\treflect\tthe\tfact\tthat\tthere\nare\tresource\tconstraints\tand\tthat\tour\tmanagement\tis\trequired\tto\tapply\tits\tjudgment\tin\tevaluating\tthe\tbenefits\tof\tpossible\tcontrols\tand\tprocedures\trelative\tto\ntheir\tcosts.\nBased\ton\tthis\tevaluation,\tour\tChief\tExecutive\tOfficer\tand\tour\tChief\tFinancial\tOfficer\tconcluded\tthat,\tas\tof\tDecember\t31,\t2020,\tour\tdisclosure\tcontrols\nand\tprocedures\twere\tdesigned\tat\ta\treasonable\tassurance\tlevel\tand\twere\teffective\tto\tprovide\treasonable\tassurance\tthat\tthe\tinformation\twe\tare\trequired\tto\ndisclose\tin\treports\tthat\twe\tfile\tor\tsubmit\tunder\tthe\tExchange\tAct\tis\trecorded,\tprocessed,\tsummarized\tand\treported\twithin\tthe\ttime\tperiods\tspecified\tin\tthe\nSecurities\tand\tExchange\tCommission\trules\tand\tforms,\tand\tthat\tsuch\tinformation\tis\taccumulated\tand\tcommunicated\tto\tour\tmanagement,\tincluding\tour\tChief\nExecutive\tOfficer\tand\tour\tChief\tFinancial\tOfficer,\tas\tappropriate,\tto\tallow\ttimely\tdecisions\tregarding\trequired\tdisclosures."}


