# embeddings_queue

created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d722ac-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 23, "chroma:document": "borrow\tup\tto\t25%\tof\t1,000\tx\t$800,\tor\t$200,000,\tagainst\tsuch\tshares.\tIf\tthe\tstock\tprice\tlater\tincreases\tto\t$1,600\tper\tshare,\tthe\ndirector\tmay\tborrow\tup\tto\tan\tadditional\t$200,000\tagainst\tthe\tpledged\tshares.\tIf\tthe\tdirector\tborrows\tthe\tfull\tallowable\tamount\tof\n$400,000\tand\tthe\tstock\tprice\tthen\tdecreases\tto\t$1,200,\tthe\tdirector\tmust\trepay\t$100,000\tto\tmaintain\tcompliance\twith\tthe\t25%\nlimit\tunder\tthe\tpledging\tpolicy.\nSee\t\u201c\nSecurity\tOwnership\tof\tCertain\tBeneficial\tOwners\tand\tManagement\tand\tRelated\tStockholder\tMatters\u2014Ownership\tof\tSecurities\n\u201d\tunder\tItem\n12\tbelow\tfor\tinformation\tregarding\tany\tshares\tpledged\tby\tour\tdirectors\tor\texecutive\tofficers\tas\tof\tDecember\t31,\t2021;\thowever,\tsuch\tpledging\tdoes\tnot\nindicate\tthe\textent\tto\twhich\tthere\tmay\tbe\tactual\tborrowings\tagainst\tsuch\tshares\tas\tof\tsuch\tdate.\tTesla\tmanagement\tmonitors\tcompliance\twith\tthis\tpolicy\nby\treviewing\tand,\tif\tnecessary,\treporting\tto\tthe\tBoard\tor\tits\tcommittees\tthe\textent\tto\twhich\tany\tofficer\tor\tdirector\thas\tpledged\tshares\tof\tCompany\nstock.\tWe\tbelieve\tthat\tthis\tmonitoring\tis\teffective\tand\tincludes\tappropriate\tcontrols,\tand\twe\thave\tconfirmed\tthat\teach\tof\tour\tdirectors\tand\texecutive\nofficers\twho\thave\tpledged\tstock\tare\tand\thave\tbeen\tcompliant\twith\tthis\tpolicy\tsince\tour\tlast\tconfirmation.\nCompensation\tCommittee\tInterlocks\tand\tInsider\tParticipation\nRobyn\tDenholm,\tIra\tEhrenpreis\tand\tKathleen\tWilson-Thompson\tserved\tas\tmembers\tof\tthe\tCompensation\tCommittee\tduring\t2021.\tNone\tof\tsuch"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d72342-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 23, "chroma:document": "persons\tis\tor\twas\tformerly\tan\tofficer\tor\tan\temployee\tof\tTesla.\tDuring\t2021,\tno\tinterlocking\trelationships\texisted\tbetween\tany\tmember\tof\tTesla\u2019s\tBoard\tor\nCompensation\tCommittee\tand\tany\tmember\tof\tthe\tboard\tof\tdirectors\tor\tcompensation\tcommittee\tof\tany\tother\tcompany.\n\t\n\t\n21"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d723d8-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 24, "chroma:document": "I\nTEM\t12.\nSECURITY\tOWNERSHIP\tOF\tCERTAIN\tBENEFICIAL\tOWNERS\tAND\tMANAGEMENT\tAND\tRELATED\tSTOCKHOLDER\tMATTERS\nEquity\tCompensation\tPlan\tInformation\nThe\tfollowing\ttable\tsummarizes\tthe\tnumber\tof\tsecurities\tunderlying\toutstanding\toptions,\tstock\tawards,\twarrants\tand\trights\tgranted\tto\temployees\nand\tdirectors,\tas\twell\tas\tthe\tnumber\tof\tsecurities\tremaining\tavailable\tfor\tfuture\tissuance,\tunder\tTesla\u2019s\tequity\tcompensation\tawards\tas\tof\tDecember\t31,\n2021.\n\t\n\t\n\t\t\n(a)\n\t\n\t\n(b)\n\t\n\t\t\n(c)\n\t\nPlan\tcategory\n\t\nNumber\tof\tsecurities\nto\tbe\tissued\tupon\nexercise\tof\toutstanding\noptions,\twarrants\tand\nrights\n(#)(1)\n\t\n\t\nWeighted-average\nexercise\tprice\tof\noutstanding\toptions,\nwarrants\tand\trights\n($)(2)\n\t\n\t\nNumber\tof\tsecurities\nremaining\tavailable\tfor\nfuture\tissuance\tunder\nequity\tcompensation\nplans\t(excluding\nsecurities\treflected\tin\ncolumn\t(a))\n(#)\n\t\nEquity\tcompensation\tplans\tapproved\tby\n\t\t\tsecurity\tholders\n\t\n\t\n130,375,672\n\t\n\t\n\t\n84.46\n\t\n\t\n\t\n82,835,318\n(3)\nEquity\tcompensation\tplans\tnot\tapproved\tby\n\t\t\tsecurity\tholders\n\t\n\t\n102,177\n(4)\n\t\n\t\n85.62\n\t\n\t\n\t\n\u2014\n\t\nTotal\n\t\n\t\n130,477,849\n\t\n\t\n\t\n84.46\n\t\n\t\n\t\n82,835,318\n\t\n\t\n(1)\nConsists\tof\toptions\tto\tpurchase\tshares\tof\tour\tcommon\tstock,\tincluding\tthe\t2018\tCEO\tPerformance\tAward,\tand\trestricted\tstock\tunit\tawards\nrepresenting\tthe\tright\tto\tacquire\tshares\tof\tour\tcommon\tstock.\n(2)"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d72478-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 24, "chroma:document": "(2)\nThe\tweighted\taverage\texercise\tprice\tis\tcalculated\tbased\tsolely\ton\tthe\toutstanding\tstock\toptions.\tIt\tdoes\tnot\ttake\tinto\taccount\tthe\tshares\tissuable\nupon\tvesting\tof\toutstanding\trestricted\tstock\tunit\tawards,\twhich\thave\tno\texercise\tprice.\n(3)\nConsists\tof\t49,053,818\tshares\tremaining\tavailable\tfor\tissuance\tunder\tthe\tTesla,\tInc.\t2019\tEquity\tIncentive\tPlan,\tand\t33,781,500\tshares\nremaining\tavailable\tfor\tissuance\tunder\tthe\tTesla,\tInc,\t2019\tEmployee\tStock\tPurchase\tPlan.\n(4)\nConsists\tof\toutstanding\tstock\toptions\tand\trestricted\tstock\tunit\tawards\tthat\twere\tassumed\tin\tconnection\twith\tacquisitions.\tNo\tadditional\tawards\nmay\tbe\tgranted\tunder\tthe\tplans\tpursuant\tto\twhich\tsuch\tawards\twere\tinitially\tgranted.\n\t\n22"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7250e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 25, "chroma:document": "Ownership\tof\tSecurities\nThe\tfollowing\ttable\tsets\tforth\tcertain\tinformation\tregarding\tthe\tbeneficial\townership\tof\tTesla\u2019s\tcommon\tstock,\tas\tof\tDecember\t31,\t2021,\tfor\tthe\nfollowing:\n\t\n\u2022\neach\tperson\t(or\tgroup\tof\taffiliated\tpersons)\twho\tis\tknown\tby\tus\tto\tbeneficially\town\t5%\tof\tthe\toutstanding\tshares\tof\tour\tcommon\tstock;\n\t\n\u2022\neach\tof\tour\tnon-employee\tdirectors;\n\t\n\u2022\neach\tof\tour\tcurrent\texecutive\tofficers\tnamed\tin\tthe\tSummary\tCompensation\tTable\tin\tItem\t11\tabove;\tand\n\t\n\u2022\nall\tcurrent\tdirectors\tand\texecutive\tofficers\tof\tTesla\tas\ta\tgroup.\nIn\tcomputing\tthe\tnumber\tof\tshares\tof\tcommon\tstock\tbeneficially\towned\tby\ta\tperson\tand\tthe\tpercentage\townership\tof\tthat\tperson,\twe\tdeemed\tto\nbe\toutstanding\tall\tshares\tof\tcommon\tstock\tsubject\tto\toptions\tor\tother\tconvertible\tsecurities\theld\tby\tthat\tperson\tor\tentity\tthat\tare\tcurrently\texercisable\tor\nexercisable\twithin\t60\tdays\tof\tDecember\t31,\t2021.\tWe\tdid\tnot\tdeem\tthese\tshares\toutstanding,\thowever,\tfor\tthe\tpurpose\tof\tcomputing\tthe\tpercentage\nownership\tof\tany\tother\tperson.\tApplicable\tpercentage\townership\tis\tbased\ton\t\n1,033,171,787\n\tshares\tof\tTesla\u2019s\tcommon\tstock\toutstanding\tat\tDecember\t31,\n2021.\nUnless\totherwise\tindicated,\tall\tpersons\tnamed\tbelow\tcan\tbe\treached\tat\tTesla,\tInc.,\t1\tTesla\tRoad,\tAustin,\tTexas\t78725.\n\t\nBeneficial\tOwner\tName\n\t\nShares\nBeneficially\nOwned\n\t\n\t\t\nPercentage\nof\tShares\nBeneficially\nOwned\n\t\n5%\tStockholders\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nElon\tMusk(1)\n\t\n\t\n231,715,206\n\t\n\t\n\t\n21.2\n%\nThe\tVanguard\tGroup(2)\n\t\n\t\n62,448,572"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d725a4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 25, "chroma:document": "62,448,572\n\t\n\t\n\t\n6.0\n%\nBlackrock,\tInc.(3)\n\t\n\t\n52,918,395\n\t\n\t\n\t\n5.1\n%\nNamed\tExecutive\tOfficers\t&\tDirectors\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nElon\tMusk(1)\n\t\n\t\n231,715,206\n\t\n\t\n\t\n21.2\n%\nZachary\tJ.\tKirkhorn(4)\n\t\n\t\n635,271\n\t\n\t\n\t\n*\n\t\nAndrew\tBaglino(5)\n\t\n\t\n257,383\n\t\n\t\n\t\n*\n\t\nRobyn\tDenholm(6)\n\t\n\t\n654,159\n\t\n\t\n\t\n*\n\t\nIra\tEhrenpreis(7)\n\t\n\t\n560,335\n\t\n\t\n\t\n*\n\t\nLawrence\tJ.\tEllison(8)\n\t\n\t\n15,270,141\n\t\n\t\n\t\n1.5\n%\nHiromichi\tMizuno(9)\n\t\n\t\n117,230\n\t\n\t\n\t\n*\n\t\nJames\tMurdoch(10)\n\t\n\t\n475,765\n\t\n\t\n\t\n*\n\t\nKimbal\tMusk(11)\n\t\n\t\n683,490\n\t\n\t\n\t\n*\n\t\nKathleen\tWilson-Thompson(12)\n\t\n\t\n260,139\n\t\n\t\n\t\n*\n\t\nAll\tcurrent\texecutive\tofficers\tand\tdirectors\tas\ta\tgroup\t(10\tpersons)(13)\n\t\n\t\n250,629,119\n\t\n\t\n\t\n22.9\n%\n\t\n*\nRepresents\tbeneficial\townership\tof\tless\tthan\t1%.\n(1)\nIncludes\t(i)\t172,608,251\tshares\theld\tof\trecord\tby\tthe\tElon\tMusk\tRevocable\tTrust\tdated\tJuly\t22,\t2003\tand\t(ii)\t59,106,955\tshares\tissuable\tto\tMr."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7263a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 25, "chroma:document": "Musk\tupon\texercise\tof\toptions\texercisable\twithin\t60\tdays\tafter\tDecember\t31,\t2020.\tIncludes\t92,331,125\tshares\tpledged\tas\tcollateral\tto\tsecure\ncertain\tpersonal\tindebtedness.\n(2)\nIncludes\tshares\tbeneficially\towned\tby\tThe\tVanguard\tGroup,\tof\twhich\tThe\tVanguard\tGroup\thas\tshared\tvoting\tpower\tover\t1,388,053\tshares,\tsole\ndispositive\tpower\tover\t59,059,842\tshares\tand\tshared\tdispositive\tpower\tover\t3,388,730\tshares.\tThe\taddress\tfor\tThe\tVanguard\tGroup\tis\t100\nVanguard\tBlvd.,\tMalvern,\tPA\t19355.\tThe\tforegoing\tinformation\tis\tbased\tsolely\ton\tSchedule\t13G\tof\tThe\tVanguard\tGroup\tfiled\ton\tFebruary\t10,\n2022,\twhich\twe\tdo\tnot\tknow\tor\thave\treason\tto\tbelieve\tis\tnot\tcomplete\tor\taccurate\tand\ton\twhich\twe\tare\trelying\tpursuant\tto\tapplicable\tSEC\nregulations.\n(3)\nIncludes\tshares\tbeneficially\towned\tby\tBlackRock,\tInc.,\tof\twhich\tBlackrock,\tInc.\thas\tsole\tvoting\tpower\tover\t45,516,860\tshares\tand\tsole\tdispositive\npower\tover\t52,918,395\tshares.\tThe\taddress\tfor\tBlackrock,\tInc.\tis\t55\tEast\t52nd\tStreet,\tNew\tYork,\tNY\t10055.\tThe\tforegoing\tinformation\tis\tbased\nsolely\ton\tSchedule\t13G\tof\n23"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d726c6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 26, "chroma:document": "Blackrock,\tInc.\n\tfiled\ton\t\nMarch\t11\n,\t202\n2\n,\twhich\twe\tdo\tnot\tknow\tor\thave\treason\tto\tbelieve\tis\tnot\tcomplete\tor\taccurate\tand\ton\twhich\twe\tare\trelying\npursuant\tto\tapplicable\tSEC\tregulations.\n(4)\nIncludes\t576,687\tshares\tissuable\tupon\texercise\tof\toptions\texercisable\twithin\t60\tdays\tafter\tDecember\t31,\t2021.\n(\n5\n)\nIncludes\t238,134\tshares\tissuable\tupon\texercise\tof\toptions\texercisable\twithin\t60\tdays\tafter\tDecember\t31,\t2021.\n(\n6\n)\nIncludes\t649,159\tshares\tissuable\tupon\texercise\tof\toptions\texercisable\twithin\t60\tdays\tafter\tDecember\t31,\t2021.\n(\n7\n)\nIncludes\t370,000\tshares\tissuable\tupon\texercise\tof\toptions\texercisable\twithin\t60\tdays\tafter\tDecember\t31,\t2021.\n(\n8\n)\nIncludes\t263,891\tshares\tissuable\tupon\texercise\tof\toptions\texercisable\twithin\t60\tdays\tafter\tDecember\t31,\t2021.\n(\n9\n)\nIncludes\t117,230\tshares\tissuable\tupon\texercise\tof\toptions\texercisable\twithin\t60\tdays\tafter\tDecember\t31,\t2021.\n(1\n0\n)\nIncludes\t(i)\t52,425\tshares\theld\tby\tthe\tSeven\tHills\tTrust\tand\t(ii)\t423,340\tshares\tissuable\tupon\texercise\tof\toptions\texercisable\twithin\t60\tdays\tafter\nDecember\t31,\t2021.\n(1\n1\n)\nIncludes\t172,250\tshares\tissuable\tupon\texercise\tof\toptions\texercisable\twithin\t60\tdays\tafter\tDecember\t31,\t2021.\tIncludes\t511,240\tshares\tpledged\nas\tcollateral\tto\tsecure\tcertain\tpersonal\tindebtedness.\n(1\n2\n)\nIncludes\t258,339\tshares\tissuable\tupon\texercise\tof\toptions\texercisable\twithin\t60\tdays\tafter\tDecember\t31,\t2021."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7275c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 26, "chroma:document": "(1\n3\n)\nIncludes\t62,175,985\tshares\tissuable\tupon\texercise\tof\toptions\theld\tby\tour\tcurrent\texecutive\tofficers\tand\tdirectors\twithin\t60\tdays\tafter\tDecember\n31,\t2021.\nI\nTEM\t13.\nCERTAIN\tRELATIONSHIPS\tAND\tRELATED\tTRANSACTIONS\tAND\tDIRECTOR\tINDEPENDENCE\nReview\tof\tRelated\tParty\tTransactions\nIn\taccordance\twith\tthe\tcharter\tfor\tthe\tAudit\tCommittee\tof\tthe\tBoard,\tour\tAudit\tCommittee\treviews\tand\tapproves\tin\tadvance\tany\tproposed\trelated\nperson\ttransactions.\nFor\tpurposes\tof\tthese\tprocedures,\t\u201crelated\tperson\u201d\tand\t\u201ctransaction\u201d\thave\tthe\tmeanings\tcontained\tin\tItem\t404\tof\tRegulation\tS-K.\nThe\tindividuals\tand\tentities\tthat\tare\tconsidered\t\u201crelated\tpersons\u201d\tinclude:\n\t\n\u2022\nDirectors\tand\texecutive\tofficers\tof\tTesla;\n\t\n\u2022\nAny\tperson\tknown\tto\tbe\tthe\tbeneficial\towner\tof\tfive\tpercent\tor\tmore\tof\tTesla\u2019s\tcommon\tstock\t(a\t\u201c5%\tStockholder\u201d);\tand\n\t\n\u2022\nAny\timmediate\tfamily\tmember,\tas\tdefined\tin\tItem\t404(a)\tof\tRegulation\tS-K,\tof\ta\tdirector,\texecutive\tofficer\tor\t5%\tStockholder.\nIn\taccordance\twith\tour\tRelated\tPerson\tTransactions\tPolicy\tand\tProcedures,\tthe\tAudit\tCommittee\tmust\treview\tand\tapprove\tall\ttransactions\tin\nwhich\t(i)\tTesla\tor\tone\tof\tits\tsubsidiaries\tis\ta\tparticipant,\t(ii)\tthe\tamount\tinvolved\texceeds\t$120,000\tand\t(iii)\ta\trelated\tperson\thas\ta\tdirect\tor\tindirect\nmaterial\tinterest,\tother\tthan\ttransactions\tavailable\tto\tall\tTesla\temployees\tgenerally.\nIn\tassessing\ta\trelated\tparty\ttransaction\tbrought\tbefore\tit\tfor\tapproval\tthe\tAudit\tCommittee\tconsiders,\tamong\tother\tfactors\tit\tdeems\tappropriate,"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d727f2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 26, "chroma:document": "whether\tthe\trelated\tparty\ttransaction\tis\ton\tterms\tno\tless\tfavorable\tthan\tterms\tgenerally\tavailable\tto\tan\tunaffiliated\tthird-party\tunder\tthe\tsame\tor\tsimilar\ncircumstances\tand\tthe\textent\tof\tthe\trelated\tperson\u2019s\tinterest\tin\tthe\ttransaction.\tThe\tAudit\tCommittee\tmay\tthen\tapprove\tor\tdisapprove\tthe\ttransaction\tin\nits\tdiscretion.\nAny\trelated\tperson\ttransaction\twill\tbe\tdisclosed\tin\tthe\tapplicable\tSEC\tfiling\tas\trequired\tby\tthe\trules\tof\tthe\tSEC.\n24"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7287e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 27, "chroma:document": "Related\tParty\t\nTransactions\nSpaceX\nElon\tMusk\tis\tthe\tChief\tExecutive\tOfficer,\tChief\tTechnical\tOfficer\tand\ta\tsignificant\tstockholder\tof\tSpaceX.\tKimbal\tMusk\tand\tAntonio\tGracias,\twho\nare\tor\twere\tmembers\tof\tthe\tBoard\tin\t2021,\tare\talso\tmembers\tof\tthe\tboard\tof\tdirectors\tof\tSpaceX.\tIn\taddition,\tcertain\tmembers\tof\tthe\tBoard,\tand/or\ninvestment\tfunds\taffiliated\twith\tthem,\thave\tmade\tminority\tinvestments\tin\tSpaceX.\nSpaceX\thas\tpurchased\tand\tmay\tpurchase\tin\tthe\tfuture\tcertain\tvehicle\tcomponents\tfrom\tTesla,\tincluding\twith\tmodifications\tfor\tnon-vehicle\napplications.\tThe\tprices\tfor\tsuch\tcomponents\tand\tany\tassociated\tlabor\tand\tsupport,\twhich\twere\tnegotiated\tin\tgood\tfaith\tand\twere\tconsistent\twith\tprices\noffered\tto\tother\tthird\tparties\tto\twhom\tany\tsuch\tcomponents\thave\tbeen\tsold,\twere\t$2.8\tmillion\tin\tthe\taggregate\tin\t2021\tand\t$0.2\tmillion\tin\tthe\taggregate\nin\t2022\tthrough\tMarch.\nSpaceX\tpurchased\tsolar\tmodules\tfrom\tTesla\tfor\tan\taggregate\t$0.04\tmillion\tin\t2021.\tThe\tprices\twere\tnegotiated\tin\tgood\tfaith.\nSpaceX\tpurchased\trefurbished\tpower\tsupplies\tand\trelated\tservices\tfrom\tTesla\tfor\tan\taggregate\t$0.1\tmillion\tin\t2021.\tThe\tprices\twere\tnegotiated\nin\tgood\tfaith.\nTesla\thas\tprovided\tSpaceX\tcertain\tengineering\tsupport\tand\tresources\tfrom\ttime\tto\ttime\tupon\tthe\tmutual\tagreement\tof\tthe\tparties\tand\tat\tcosts\nper\thour\tthat\twere\tnegotiated\tin\tgood\tfaith.\tSpaceX\tincurred\tan\taggregate\t$0.01\tmillion\tin\t2021\tfor\tsuch\tsupport\tand\tresources.\nIn\t2020,\tTesla\tgranted\tto\tSpaceX\ta\tlimited\tnon-perpetual\tlicense\tto\tcertain\tsoftware,\tas\tto\twhich\tTesla\tretains\tall\tintellectual\tproperty\trights."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d72914-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 27, "chroma:document": "Such\tlicense\twas\trenewed\tin\t2022\tand\twill\texpire\tno\tlater\tthan\t2023.\tSpaceX\tincurred\tan\taggregate\t$0.1\tmillion\tin\t2021\tand\tis\texpected\tto\tincur\tan\naggregate\t$0.03\tmillion\tin\t2022\tfor\tthe\tlicense.\tThe\taggregate\tfees\tfor\tthe\tlicense\tthrough\tits\texpected\tterm\twere\tnegotiated\tin\tgood\tfaith.\nIn\t2022,\tTesla\tpurchased\tback\tfrom\tSpaceX\ta\ttransformer\tin\texchange\tfor\tan\taggregate\t$0.05\tmillion\tin\tdesign\tservices\twhich\tTesla\tprovided.\t\t\nSince\tApril\t2016,\tSpaceX\thas\tinvoiced\tTesla\tfor\tour\tuse\tof\tan\taircraft\towned\tand\toperated\tby\tSpaceX\tat\trates\tdetermined\tby\tTesla\tand\tSpaceX,\nsubject\tto\trules\tof\tthe\tFederal\tAviation\tAdministration\tgoverning\tsuch\tarrangements.\tTesla\tincurred\t$0.5\tmillion\tin\t2021\tand\thas\tincurred\t$0.1\tmillion\tin\n2022\tthrough\tMarch.\nOther\tTransactions\n\t\nTesla\tperiodically\tdoes\tbusiness\twith\tcertain\tentities\tits\tdirectors\tare\taffiliated\twith\tSuch\ttransactions\tare\tdone\t\non\tterms\tno\tless\tfavorable\tthan\nterms\tgenerally\tavailable\tto\tan\tunaffiliated\tthird-party\tunder\tthe\tsame\tor\tsimilar\tcircumstances\n.\nIn\tthe\tordinary\tcourse\tof\tbusiness,\twe\tenter\tinto\toffer\tletters\twith\tour\texecutive\tofficers.\tWe\thave\talso\tentered\tinto\tindemnification\tagreements\nwith\teach\tof\tour\tdirectors\tand\tofficers.\tThe\tindemnification\tagreements\tand\tour\tcertificate\tof\tincorporation\tand\tbylaws\trequire\tus\tto\tindemnify\tour\ndirectors\tand\tofficers\tto\tthe\tfullest\textent\tpermitted\tby\tDelaware\tlaw.\t\nIn\trelation\tto\tour\tCEO\u2019s\texercise\tof\tstock\toptions\tand\tsale\tof\tcommon\tstock\tfrom"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d72978-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 27, "chroma:document": "the\t2012\tCEO\tPerformance\tAward,\tTesla\twithheld\tthe\tappropriate\tamount\tof\ttaxes.\tHowever,\tgiven\tthe\tsignificant\tamounts\tinvolved,\tour\tCEO\tentered\ninto\tan\tindemnification\tagreement\twith\tus\tin\tNovember\t2021\tto\tindemnify\tthe\tCompany\tfor\tadditional\ttaxes\towed,\tif\tany\n.\t\t\n25"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d729d2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 28, "chroma:document": "Director\tIn\ndependence\nThe\tBoard\tperiodically\tassesses,\twith\tthe\trecommendation\tof\tthe\tNominating\tand\tCorporate\tGovernance\tCommittee,\tthe\tindependence\tof\tits\tnon-\nemployee\tmembers\tas\tdefined\tin\tthe\tlisting\tstandards\tof\tNASDAQ\tand\tapplicable\tlaws.\tThe\tBoard\tundertook\tan\tanalysis\tfor\teach\tnon-employee\tdirector\nand\tconsidered\tall\trelevant\tfacts\tand\tcircumstances,\tincluding\tthe\tdirector\u2019s\tother\tcommercial,\taccounting,\tlegal,\tbanking,\tconsulting,\tcharitable\tand\nfamilial\trelationships.\tThe\tBoard\tdetermined\tthat\twith\trespect\tto\teach\tof\tits\tcurrent\tmembers\tother\tthan\tElon\tMusk,\twho\tis\tour\tChief\tExecutive\tOfficer,\nand\tKimbal\tMusk,\twho\tis\tElon\tMusk\u2019s\tbrother,\tthere\tare\tno\tdisqualifying\tfactors\twith\trespect\tto\tdirector\tindependence\tenumerated\tin\tthe\tlisting\nstandards\tof\tNASDAQ\tor\tany\trelationships\tthat\twould\tinterfere\twith\tthe\texercise\tof\tindependent\tjudgment\tin\tcarrying\tout\tthe\tresponsibilities\tof\ta\ndirector,\tand\tthat\teach\tsuch\tmember\tis\tan\t\u201cindependent\tdirector\u201d\tas\tdefined\tin\tthe\tlisting\tstandards\tof\tNASDAQ\tand\tapplicable\tlaws.\nIn\tparticular,\tthe\tBoard\treviewed\tthe\tfollowing\tconsiderations:\n\t\n\u2022\nIra\tEhrenpreis,\tAntonio\tGracias\t(prior\tto\this\tdeparture\tfrom\tthe\tBoard\tin\tOctober\t2021),\tJames\tMurdoch,\tElon\tMusk,\tKimbal\tMusk,\nand/or\tinvestment\tfunds\taffiliated\twith\tthem,\thave\tmade\tminority\tinvestments\tin\tcertain\tcompanies\tor\tinvestment\tfunds\t(i)\tof\twhich\tother\nTesla\tdirectors\tare\tfounders,\tsignificant\tstockholders,\tdirectors,\tofficers,\tor\tmanagers,\tand/or\t(ii)\twith\twhich\tTesla\thas\thad\tcertain\nrelationships,\tsuch\tas\tthose\tset\tforth\tin\t\u201c\nRelated\tParty\tTransactions\n\u201d\tunder\tthis\tItem\t13\tabove.\tThe\tBoard\tconcluded\tthat\tnone\tof\tthese"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d72a36-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 28, "chroma:document": "investments\tare\tmaterial\tso\tas\tto\timpede\tthe\texercise\tof\tindependent\tjudgment\tby\tany\tof\tMessrs.\tEhrenpreis,\tGracias\tor\tMr.\tMurdoch,\nand\tthat\tnone\tof\tthem\thas\ta\tdirect\tor\tindirect\tinterest\tin\tany\ttransaction\tbetween\tTesla\tand\tanother\tcompany\tsuch\tas\tthose\tset\tforth\tin\n\u201c\nRelated\tParty\tTransactions\n\u201d\tunder\tthis\tItem\t13\tabove.\n\t\n\u2022\nMr.\tGracias\tis\ta\tdirector\tof\tSpaceX,\t(i)\tof\twhich\tElon\tMusk\tand\tKimbal\tMusk\tare\talso\tdirectors,\tand\t(ii)\twith\twhich\tTesla\thas\thad\tcertain\nrelationships,\tsuch\tas\tthose\tset\tforth\tin\t\u201c\nRelated\tParty\tTransactions\u2014SpaceX\n\u201d\tunder\tthis\tItem\t13\tabove.\tThe\tBoard\tconcluded\tthat\tMr.\nGracias\tis\tan\texperienced\tinvestment\tprofessional\twho\thas\tserved\ton\tthe\tboards\tof\tmultiple\tcompanies\twithout\tconflict\tor\timpairment\tof\nindependent\tjudgment.\n\t\n\u2022\nLawrence\tJ.\tEllison,\tand/or\tentities\taffiliated\twith\thim,\thave\tpurchased\tcertain\tTesla\tproducts\tand\tservices\tfrom\tTesla.\tThe\tBoard\nconcluded\tthat\tsuch\tpurchases\twere\tnegotiated\tand\tcompleted\tthrough\tordinary\tcourse\tsales\tprocesses\tin\tgood\tfaith\ton\tterms\tgenerally\navailable\tto\tsimilar\tcustomers,\tand\twould\tnot\timpair\tthe\tindependent\tjudgment\tof\tMr.\tEllison.\n\t\n\u2022\nMr.\tEllison\tis\tan\tofficer\tof\ta\tcompany\tfrom\twhich\tTesla\thas\tpurchased\tbusiness\tservices.\tThe\tBoard\tconcluded\tthat\tsuch\tpurchases\twere\nfor\tstandard\tofferings\tin\tthe\tordinary\tcourse\tof\tbusiness\tpursuant\tto\tgood\tfaith\tcontracting\tprocesses\tin\twhich\tMr.\tEllison\twas\tneither\ninvolved\tnor\thad\tany\tmaterial\tinterest.\n\t\n\u2022"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d72a90-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 28, "chroma:document": "\u2022\nAs\tpreviously\tdisclosed\tby\tTesla,\tElon\tMusk\thad\tpreviously\tagreed\tto\tprovide\tcertain\tdirectors\u2019\tand\tofficers\u2019\tindemnity\tcoverage\tto\tus\nfrom\this\tpersonal\tfunds,\twhich\tthe\tBoard\tconcluded\tdid\tnot\timpair\tthe\tindependent\tjudgment\tof\tthe\tother\tmembers\tof\tthe\tBoard.\nI\nTEM\t14.\nPRINCIPAL\tACCOUNTANT\tFEES\tAND\tSERVICES\nPrincipal\tAccounting\tFees\tand\tServices\nThe\tfollowing\ttable\tpresents\tfees\tbilled\tfor\tprofessional\taudit\tservices\tand\tother\tservices\trendered\tto\tTesla\tby\tPricewaterhouseCoopers\tLLP\tfor\nthe\tyears\tended\tDecember\t31,\t2020\tand\t2021.\tThe\tdollar\tamounts\tin\tthe\ttable\tand\taccompanying\tfootnotes\tare\tin\tthousands.\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\n2020\n\t\n\t\n2021\n\t\nAudit\tFees\t(1)\n\t\t\n$\n12,965\n\t\n\t\t\n$\n14,156\n\t\nAudit-Related\tFees(2)\n\t\t\n\t\n\u2014\n\t\n\t\t\n\t\n184\n\t\nTax\tFees\t(3)\n\t\t\n\t\n1,456\n\t\n\t\t\n\t\n2,876\n\t\nAll\tOther\tFees\t(4)\n\t\t\n\t\n103\n\t\n\t\t\n\t\n62\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n26"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d72aea-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 29, "chroma:document": "Total\n\t\t\n$\n14,524\n\t\n\t\t\n$\n17,278\n\t\n\t\n(1)\nAudit\tFees\tconsist\tof\tfees\tfor\tprofessional\tservices\trendered\tfor\tthe\taudit\tof\tTesla\u2019s\tconsolidated\tfinancial\tstatements\tincluded\tin\tTesla\u2019s\tAnnual\nReport\ton\tForm\t10-K\tand\tfor\tthe\treview\tof\tthe\tfinancial\tstatements\tincluded\tin\tTesla\u2019s\tQuarterly\tReports\ton\tForm\t10-Q,\tas\twell\tas\tservices\tthat\ngenerally\tonly\tTesla\u2019s\tindependent\tregistered\tpublic\taccounting\tfirm\tcan\treasonably\tprovide,\tincluding\tstatutory\taudits\tand\tservices\trendered\tin\nconnection\twith\tSEC\tfilings.\tThe\tAudit\tFees\tincurred\tin\t2020\talso\tinclude\tfees\tof\t$825,\trelating\tto\tservices\tperformed\tin\tconnection\twith\tTesla\u2019s\nsecurities\tofferings,\tincluding\tcomfort\tletters,\tconsents\tand\treview\tof\tdocuments\tfiled\twith\tthe\tSEC\tand\tother\toffering\tdocuments.\n(\n2\n)\nAudit-Related\tFees\tin\t2021\tconsisted\tof\tfees\tfor\tprofessional\tservices\tfor\tcertain\tagreed\tupon\tprocedures\tin\tconjunction\twith\tcertain\tfinancing\ntransactions\tand\tother\tattestation\tservices.\n(3)\nTax\tFees\tin\t2020\tand\t2021\tconsisted\tof\tfees\trelated\tto\tconsultation,\ttax\tplanning\tand\tcompliance\tservices.\n(\n4\n)\nFees\tfor\t2020\tconsisted\tof\tfees\tfor\ta\tGigafactory\tBerlin\tcurrent\tstate\tassessment\tand\taccounting\tresearch\tsoftware.\tOther\tFees\tin\t2021\tconsisted\nof\tfees\tfor\taccounting\tresearch\tsoftware\tand\tthe\tassessment\tof\tnon-financial\tmetrics\tand\tdocumentation.\n27"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d72b44-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 30, "chroma:document": "Pre-Approval\tof\tAudit\tand\tNon-Audit\tServices\nTesla\u2019s\tAudit\tCommittee\thas\tadopted\ta\tpolicy\tfor\tpre-approving\taudit\tand\tnon-audit\tservices\tand\tassociated\tfees\tof\tTesla\u2019s\tindependent\nregistered\tpublic\taccounting\tfirm.\tUnder\tthis\tpolicy,\tthe\tAudit\tCommittee\tmust\tpre-\tapprove\tall\tservices\tand\tassociated\tfees\tprovided\tto\tTesla\tby\tits\nindependent\tregistered\tpublic\taccounting\tfirm,\twith\tcertain\t\nde\tminimis\n\texceptions\tdescribed\tin\tthe\tpolicy.\nAll\tPricewaterhouseCoopers\tLLP\tservices\tand\tfees\tin\tfiscal\t2020\tand\t2021\twere\tpre-approved\tby\tthe\tAudit\tCommittee.\n\t\n28"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d72bd0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 31, "chroma:document": "PART\tIV\nITEM\t15.\nEXHIBITS\tAND\tFINANCIAL\tSTATEMENT\tSCHEDULES\n\t\n1.\nFinancial\tstatements\t(see\t\nIndex\tto\tConsolidated\tFinancial\tStatements\n\tin\tPart\tII,\tItem\t8\tof\tthe\tOriginal\tForm\t10-K).\n\t\n2.\nAll\tfinancial\tstatement\tschedules\thave\tbeen\tomitted\tsince\tthe\trequired\tinformation\twas\tnot\tapplicable\tor\twas\tnot\tpresent\tin\tamounts\tsufficient\tto\nrequire\tsubmission\tof\tthe\tschedules,\tor\tbecause\tthe\tinformation\trequired\tis\tincluded\tin\tthe\tconsolidated\tfinancial\tstatements\tor\tthe\naccompanying\tnotes.\n\t\n3.\nThe\texhibits\tlisted\tin\tthe\tfollowing\t\nIndex\tto\tExhibits\n\tare\tfiled\tor\tincorporated\tby\treference\tas\tpart\tof\tthis\treport.\n\t\n\t\n29"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d72c34-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 32, "chroma:document": "INDEX\tTO\tEXHIBITS\n\t\nExhibit\n\t\n\t\n\t\nIncorporated\tby\tReference\n\t\nFiled\nNumber\n\t\nExhibit\tDescription\n\t\nForm\n\t\nFile\tNo.\n\t\nExhibit\n\t\nFiling\tDate\n\t\nHerewith\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\t\t\t3.1\n\t\t\nAmended\tand\tRestated\tCertificate\tof\tIncorporation\tof\nthe\tRegistrant.\n\t\t\n10-K\n\t\t\n001-34756\n\t\t\n3.1\n\t\t\nMarch\t1,\t2017\n\t\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\t\t\t3.2\n\t\nCertificate\tof\tAmendment\tto\tthe\tAmended\tand\nRestated\tCertificate\tof\tIncorporation\tof\tthe\tRegistrant.\n\t\n10-K\n\t\n001-34756\n\t\n3.2\n\t\nMarch\t1,\t2017\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\t\t\t3.3\n\t\t\nAmended\tand\tRestated\tBylaws\tof\tthe\tRegistrant.\n\t\t\n8-K\n\t\t\n001-34756\n\t\t\n3.2\n\t\t\nFebruary\t1,\t2017\n\t\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\t\t\t4.1\n\t\t\nSpecimen\tcommon\tstock\tcertificate\tof\tthe\tRegistrant.\n\t\t\n10-K\n\t\t\n001-34756\n\t\t\n4.1\n\t\t\nMarch\t1,\t2017\n\t\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\t\t\t4.2\n\t\t\nFifth\tAmended\tand\tRestated\tInvestors\u2019\tRights\nAgreement,\tdated\tas\tof\tAugust\t31,\t2009,\tbetween\nRegistrant\tand\tcertain\tholders\tof\tthe\tRegistrant\u2019s\ncapital\tstock\tnamed\ttherein."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d72c8e-f41d-11ee-a3fb-0242ac1c000c
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 32, "chroma:document": "capital\tstock\tnamed\ttherein.\n\t\t\nS-1\n\t\t\n333-164593\n\t\t\n4.2\n\t\t\nJanuary\t29,\t2010\n\t\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\t\t\t4.3\n\t\t\nAmendment\tto\tFifth\tAmended\tand\tRestated\tInvestors\u2019\nRights\tAgreement,\tdated\tas\tof\tMay\t20,\t2010,\tbetween\nRegistrant\tand\tcertain\tholders\tof\tthe\tRegistrant\u2019s\ncapital\tstock\tnamed\ttherein.\n\t\t\nS-1/A\n\t\t\n333-164593\n\t\t\n4.2A\n\t\t\nMay\t27,\t2010\n\t\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\t\t\t4.4\n\t\t\nAmendment\tto\tFifth\tAmended\tand\tRestated\tInvestors\u2019\nRights\tAgreement\tbetween\tRegistrant,\tToyota\tMotor\nCorporation\tand\tcertain\tholders\tof\tthe\tRegistrant\u2019s\ncapital\tstock\tnamed\ttherein.\n\t\t\nS-1/A\n\t\t\n333-164593\n\t\t\n4.2B\n\t\t\nMay\t27,\t2010\n\t\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\t\t\t4.5\n\t\t\nAmendment\tto\tFifth\tAmended\tand\tRestated\tInvestor\u2019s\nRights\tAgreement,\tdated\tas\tof\tJune\t14,\t2010,\tbetween\nRegistrant\tand\tcertain\tholders\tof\tthe\tRegistrant\u2019s\ncapital\tstock\tnamed\ttherein.\n\t\t\nS-1/A\n\t\t\n333-164593\n\t\t\n4.2C\n\t\t\nJune\t15,\t2010\n\t\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\t\t\t4.6\n\t\t\nAmendment\tto\tFifth\tAmended\tand\tRestated\tInvestor\u2019s\nRights\tAgreement,\tdated\tas\tof\tNovember\t2,\t2010,"}


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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 32, "chroma:document": "between\tRegistrant\tand\tcertain\tholders\tof\tthe\nRegistrant\u2019s\tcapital\tstock\tnamed\ttherein.\n\t\t\n8-K\n\t\t\n001-34756\n\t\t\n4.1\n\t\t\nNovember\t4,\t2010\n\t\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\t\t\t4.7\n\t\t\nWaiver\tto\tFifth\tAmended\tand\tRestated\tInvestor\u2019s\nRights\tAgreement,\tdated\tas\tof\tMay\t22,\t2011,\tbetween\nRegistrant\tand\tcertain\tholders\tof\tthe\tRegistrant\u2019s\ncapital\tstock\tnamed\ttherein.\n\t\t\nS-1/A\n\t\t\n333-174466\n\t\t\n4.2E\n\t\t\nJune\t2,\t2011\n\t\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\t\t\t4.8\n\t\t\nAmendment\tto\tFifth\tAmended\tand\tRestated\tInvestor\u2019s\nRights\tAgreement,\tdated\tas\tof\tMay\t30,\t2011,\tbetween\nRegistrant\tand\tcertain\tholders\tof\tthe\tRegistrant\u2019s\ncapital\tstock\tnamed\ttherein.\n\t\t\n8-K\n\t\t\n001-34756\n\t\t\n4.1\n\t\t\nJune\t1,\t2011\n\t\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\n30"}


created_at: 2024-04-06 13:59:07
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 33, "chroma:document": "Exhibit\n\t\n\t\n\t\nIncorporated\tby\tReference\n\t\nFiled\nNumber\n\t\nExhibit\tDescription\n\t\nForm\n\t\nFile\tNo.\n\t\nExhibit\n\t\nFiling\tDate\n\t\nHerewith\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\t\t\t4.9\n\t\t\nSixth\tAmendment\tto\tFifth\tAmended\tand\tRestated\nInvestors\u2019\tRights\tAgreement,\tdated\tas\tof\tMay\t15,\t2013\namong\tthe\tRegistrant,\tthe\tElon\tMusk\tRevocable\tTrust\ndated\tJuly\t22,\t2003\tand\tcertain\tother\tholders\tof\tthe\ncapital\tstock\tof\tthe\tRegistrant\tnamed\ttherein.\n\t\t\n8-K\n\t\t\n001-34756\n\t\t\n4.1\n\t\t\nMay\t20,\t2013\n\t\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\t\t\t4.10\n\t\t\nWaiver\tto\tFifth\tAmended\tand\tRestated\tInvestor\u2019s\nRights\tAgreement,\tdated\tas\tof\tMay\t14,\t2013,\tbetween\nthe\tRegistrant\tand\tcertain\tholders\tof\tthe\tcapital\tstock\nof\tthe\tRegistrant\tnamed\ttherein.\n\t\t\n8-K\n\t\t\n001-34756\n\t\t\n4.2\n\t\t\nMay\t20,\t2013\n\t\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\t\t\t4.11\n\t\t\nWaiver\tto\tFifth\tAmended\tand\tRestated\tInvestor\u2019s\nRights\tAgreement,\tdated\tas\tof\tAugust\t13,\t2015,\nbetween\tthe\tRegistrant\tand\tcertain\tholders\tof\tthe\ncapital\tstock\tof\tthe\tRegistrant\tnamed\ttherein.\n\t\t\n8-K\n\t\t\n001-34756\n\t\t\n4.1\n\t\t\nAugust\t19,\t2015\n\t\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\t\t\t4.12"}


created_at: 2024-04-06 13:59:07
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 33, "chroma:document": "4.12\n\t\t\nWaiver\tto\tFifth\tAmended\tand\tRestated\tInvestors\u2019\nRights\tAgreement,\tdated\tas\tof\tMay\t18,\t2016,\tbetween\nthe\tRegistrant\tand\tcertain\tholders\tof\tthe\tcapital\tstock\nof\tthe\tRegistrant\tnamed\ttherein.\n\t\t\n8-K\n\t\t\n001-34756\n\t\t\n4.1\n\t\t\nMay\t24,\t2016\n\t\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\t\t\t4.13\n\t\nWaiver\tto\tFifth\tAmended\tand\tRestated\tInvestors\u2019\nRights\tAgreement,\tdated\tas\tof\tMarch\t15,\t2017,\nbetween\tthe\tRegistrant\tand\tcertain\tholders\tof\tthe\ncapital\tstock\tof\tthe\tRegistrant\tnamed\ttherein.\n\t\n8-K\n\t\t\n001-34756\n\t\t\n4.1\n\t\t\nMarch\t17,\t2017\n\t\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\t\t\t4.14\n\t\nWaiver\tto\tFifth\tAmended\tand\tRestated\tInvestors\u2019\nRights\tAgreement,\tdated\tas\tof\tMay\t1,\t2019,\tbetween\nthe\tRegistrant\tand\tcertain\tholders\tof\tthe\tcapital\tstock\nof\tthe\tRegistrant\tnamed\ttherein.\n\t\n8-K\n\t\t\n001-34756\n\t\t\n4.1\n\t\t\nMay\t3,\t2019\n\t\t\n\t\n\t\t\t\t4.15\n\t\t\nIndenture,\tdated\tas\tof\tMay\t22,\t2013,\tby\tand\tbetween\nthe\tRegistrant\tand\tU.S.\tBank\tNational\tAssociation.\n\t\t\n8-K\n\t\t\n001-34756\n\t\t\n4.1\n\t\t\nMay\t22,\t2013\n\t\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\t\t\t4.16\n\t\nThird\tSupplemental\tIndenture,\tdated\tas\tof\tMarch\t5,"}


created_at: 2024-04-06 13:59:07
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 33, "chroma:document": "2014,\tby\tand\tbetween\tthe\tRegistrant\tand\tU.S.\tBank\nNational\tAssociation.\n\t\n8-K\n\t\n001-34756\n\t\n4.4\n\t\nMarch\t5,\t2014\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\t\t\t4.17\n\t\nForm\tof\t1.25%\tConvertible\tSenior\tNote\tDue\tMarch\t1,\n2021\t(included\tin\tExhibit\t4.16).\n\t\n8-K\n\t\n001-34756\n\t\n4.4\n\t\nMarch\t5,\t2014\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\t\t\t4.18\n\t\nFourth\tSupplemental\tIndenture,\tdated\tas\tof\tMarch\t22,\n2017,\tby\tand\tbetween\tthe\tRegistrant\tand\tU.S.\tBank\nNational\tAssociation.\n\t\n8-K\n\t\n001-34756\n\t\n4.2\n\t\nMarch\t22,\t2017\n\t\n\t\n31"}


created_at: 2024-04-06 13:59:07
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 34, "chroma:document": "Exhibit\n\t\n\t\n\t\nIncorporated\tby\tReference\n\t\nFiled\nNumber\n\t\nExhibit\tDescription\n\t\nForm\n\t\nFile\tNo.\n\t\nExhibit\n\t\nFiling\tDate\n\t\nHerewith\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\t\t\t4.19\n\t\nForm\tof\t2.375%\tConvertible\tSenior\tNote\tDue\tMarch\n15,\t2022\t(included\tin\tExhibit\t4.18).\n\t\n8-K\n\t\n001-34756\n\t\n4.2\n\t\nMarch\t22,\t2017\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\t\t\t4.20\n\t\nFifth\tSupplemental\tIndenture,\tdated\tas\tof\tMay\t7,\n2019,\tby\tand\tbetween\tRegistrant\tand\tU.S.\tBank\nNational\tAssociation,\trelated\tto\t2.00%\tConvertible\nSenior\tNotes\tdue\tMay\t15,\t2024.\n\t\n8-K\n\t\n001-34756\n\t\n4.2\n\t\nMay\t8,\t2019\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\t\t\t4.21\n\t\nForm\tof\t2.00%\tConvertible\tSenior\tNotes\tdue\tMay\t15,\n2024\t(included\tin\tExhibit\t4.20).\n\t\n8-K\n\t\n001-34756\n\t\n4.2\n\t\nMay\t8,\t2019\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\t\t\t4.22\n\t\nIndenture,\tdated\tas\tof\tAugust\t18,\t2017,\tby\tand\tamong\nthe\tRegistrant,\tSolarCity,\tand\tU.S.\tBank\tNational\nAssociation,\tas\ttrustee.\n\t\n8-K"}


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-10ka_20211231-gen.pdf", "page": 34, "chroma:document": "Association,\tas\ttrustee.\n\t\n8-K\n\t\n001-34756\n\t\n4.1\n\t\nAugust\t23,\t2017\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\t\t\t4.23\n\t\nForm\tof\t5.30%\tSenior\tNote\tdue\tAugust\t15,\t2025\n.\n\t\n8-K\n\t\n001-34756\n\t\n4.2\n\t\nAugust\t23,\t2017\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\t\t\t4.24\n\t\nIndenture,\tdated\tas\tof\tOctober\t15,\t2014,\tbetween\nSolarCity\tand\tU.S.\tBank\tNational\tAssociation,\tas\ntrustee.\n\t\nS-3ASR(1)\n\t\n333-199321\n\t\n4.1\n\t\nOctober\t15,\t2014\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\t\t\t4.25\n\t\nEighth\tSupplemental\tIndenture,\tdated\tas\tof\tJanuary\n29,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\tTrustee,\nrelated\tto\tSolarCity\u2019s\t4.00%\tSolar\tBonds,\tSeries\n2015/4-7.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nJanuary\t29,\t2015\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\t\t\t4.26\n\t\nTenth\tSupplemental\tIndenture,\tdated\tas\tof\tMarch\t9,\n2015,\tby\tand\tbetween\tSolarCity\tand\tthe\tTrustee,\nrelated\tto\tSolarCity\u2019s\t5.00%\tSolar\tBonds,\tSeries\n2015/6-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.3\n\t\nMarch\t9,\t2015"}


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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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 35, "chroma:document": "April\t2,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\nTrustee,\trelated\tto\tSolarCity\u2019s\t4.70%\tSolar\tBonds,\nSeries\t2015/C14-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nApril\t2,\t2015\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\t\t\t4.33\n\t\nThirtieth\tSupplemental\tIndenture,\tdated\tas\tof\tApril\t9,\n2015,\tby\tand\tbetween\tSolarCity\tand\tthe\tTrustee,\nrelated\tto\tSolarCity\u2019s\t4.70%\tSolar\tBonds,\tSeries\n2015/C19-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nApril\t9,\t2015\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\t\t\t4.34\n\t\nThirty-First\tSupplemental\tIndenture,\tdated\tas\tof\tApril\n9,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\tTrustee,\nrelated\tto\tSolarCity\u2019s\t5.45%\tSolar\tBonds,\tSeries\n2015/C20-15.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.6\n\t\nApril\t9,\t2015\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\t\t\t4.35\n\t\nThirty-Fifth\tSupplemental\tIndenture,\tdated\tas\tof\tApril\n14,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\tTrustee,\nrelated\tto\tSolarCity\u2019s\t4.70%\tSolar\tBonds,\tSeries\n2015/C24-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nApril\t14,\t2015"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7301c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 35, "chroma:document": "4.36\n\t\nThirty-Sixth\tSupplemental\tIndenture,\tdated\tas\tof\tApril\n14,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\tTrustee,\nrelated\tto\tSolarCity\u2019s\t5.45%\tSolar\tBonds,\tSeries\n2015/C25-15.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.6\n\t\nApril\t14,\t2015\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\t\t\t4.37\n\t\nThirty-Eighth\tSupplemental\tIndenture,\tdated\tas\tof\nApril\t21,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\nTrustee,\trelated\tto\tSolarCity\u2019s\t4.70%\tSolar\tBonds,\nSeries\t2015/C27-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.3\n\t\nApril\t21,\t2015\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\n33"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d73076-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 36, "chroma:document": "Exhibit\n\t\n\t\n\t\nIncorporated\tby\tReference\n\t\nFiled\nNumber\n\t\nExhibit\tDescription\n\t\nForm\n\t\nFile\tNo.\n\t\nExhibit\n\t\nFiling\tDate\n\t\nHerewith\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\t\t\t4.38\n\t\nThirty-Ninth\tSupplemental\tIndenture,\tdated\tas\tof\tApril\n21,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\tTrustee,\nrelated\tto\tSolarCity\u2019s\t5.45%\tSolar\tBonds,\tSeries\n2015/C28-15.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.4\n\t\nApril\t21,\t2015\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\t\t\t4.39\n\t\nForty-Third\tSupplemental\tIndenture,\tdated\tas\tof\tApril\n27,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\tTrustee,\nrelated\tto\tSolarCity\u2019s\t4.70%\tSolar\tBonds,\tSeries\n2015/C32-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nApril\t27,\t2015\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\t\t\t4.40\n\t\nForty-Fourth\tSupplemental\tIndenture,\tdated\tas\tof\nApril\t27,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\nTrustee,\trelated\tto\tSolarCity\u2019s\t5.45%\tSolar\tBonds,\nSeries\t2015/C33-15.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.6\n\t\nApril\t27,\t2015\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\t\t\t4.41"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d730d0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 36, "chroma:document": "4.41\n\t\nForty-Eighth\tSupplemental\tIndenture,\tdated\tas\tof\tMay\n1,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\tTrustee,\nrelated\tto\tSolarCity\u2019s\t5.00%\tSolar\tBonds,\tSeries\n2015/12-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nMay\t1,\t2015\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\t\t\t4.42\n\t\nForty-Ninth\tSupplemental\tIndenture,\tdated\tas\tof\tMay\n1,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\tTrustee,\nrelated\tto\tSolarCity\u2019s\t5.75%\tSolar\tBonds,\tSeries\n2015/13-15.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.6\n\t\nMay\t1,\t2015\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\t\t\t4.43\n\t\nFifty-Second\tSupplemental\tIndenture,\tdated\tas\tof\tMay\n11,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\tTrustee,\nrelated\tto\tSolarCity\u2019s\t4.70%\tSolar\tBonds,\tSeries\n2015/C36-10\n.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.4\n\t\nMay\t11,\t2015\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\t\t\t4.44\n\t\nFifty-Third\tSupplemental\tIndenture,\tdated\tas\tof\tMay\n11,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\tTrustee,\nrelated\tto\tSolarCity\u2019s\t5.45%\tSolar\tBonds,\tSeries\n2015/C37-15.\n\t\n8-K(1)\n\t\n001-35758"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d73134-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 36, "chroma:document": "8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nMay\t11,\t2015\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\t\t\t4.45\n\t\nFifty-Seventh\tSupplemental\tIndenture,\tdated\tas\tof\nMay\t18,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\nTrustee,\trelated\tto\tSolarCity\u2019s\t4.70%\tSolar\tBonds,\nSeries\t2015/C40-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.4\n\t\nMay\t18,\t2015\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\t\t\t4.46\n\t\nFifty-Eighth\tSupplemental\tIndenture,\tdated\tas\tof\tMay\n18,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\tTrustee,\nrelated\tto\tSolarCity\u2019s\t5.45%\tSolar\tBonds,\tSeries\n2015/C41-15.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nMay\t18,\t2015\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\n34"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7318e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 37, "chroma:document": "Exhibit\n\t\n\t\n\t\nIncorporated\tby\tReference\n\t\nFiled\nNumber\n\t\nExhibit\tDescription\n\t\nForm\n\t\nFile\tNo.\n\t\nExhibit\n\t\nFiling\tDate\n\t\nHerewith\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\t\t\t4.47\n\t\nSixty-First\tSupplemental\tIndenture,\tdated\tas\tof\tMay\n26,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\tTrustee,\nrelated\tto\tSolarCity\u2019s\t4.70%\tSolar\tBonds,\tSeries\n2015/C44-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.4\n\t\nMay\t26,\t2015\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\t\t\t4.48\n\t\nSixty-Second\tSupplemental\tIndenture,\tdated\tas\tof\tMay\n26,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\tTrustee,\nrelated\tto\tSolarCity\u2019s\t5.45%\tSolar\tBonds,\tSeries\n2015/C45-15.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nMay\t26,\t2015\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\t\t\t4.49\n\t\nSeventieth\tSupplemental\tIndenture,\tdated\tas\tof\tJune\n16,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\tTrustee,\nrelated\tto\tSolarCity\u2019s\t4.70%\tSolar\tBonds,\tSeries\n2015/C52-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.4\n\t\nJune\t16,\t2015\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\t\t\t4.50"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d731e8-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 37, "chroma:document": "4.50\n\t\nSeventy-First\tSupplemental\tIndenture,\tdated\tas\tof\nJune\t16,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\nTrustee,\trelated\tto\tSolarCity\u2019s\t5.45%\tSolar\tBonds,\nSeries\t2015/C53-15.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nJune\t16,\t2015\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\t\t\t4.51\n\t\nSeventy-Fourth\tSupplemental\tIndenture,\tdated\tas\tof\nJune\t22,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\nTrustee,\trelated\tto\tSolarCity\u2019s\t4.70%\tSolar\tBonds,\nSeries\t2015/C56-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.4\n\t\nJune\t23,\t2015\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\t\t\t4.52\n\t\nSeventy-Fifth\tSupplemental\tIndenture,\tdated\tas\tof\nJune\t22,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\nTrustee,\trelated\tto\tSolarCity\u2019s\t5.45%\tSolar\tBonds,\nSeries\t2015/C57-15\n.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nJune\t23,\t2015\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\t\t\t4.53\n\t\nEightieth\tSupplemental\tIndenture,\tdated\tas\tof\tJune\n29,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\tTrustee,\nrelated\tto\tSolarCity\u2019s\t4.70%\tSolar\tBonds,\tSeries\n2015/C61-10.\n\t\n8-K(1)\n\t\n001-35758"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d73242-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 37, "chroma:document": "8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nJune\t29,\t2015\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\t\t\t4.54\n\t\nEighty-First\tSupplemental\tIndenture,\tdated\tas\tof\tJune\n29,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\tTrustee,\nrelated\tto\tSolarCity\u2019s\t5.45%\tSolar\tBonds,\tSeries\n2015/C62-15.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.6\n\t\nJune\t29,\t2015\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\t\t\t4.55\n\t\nNinetieth\tSupplemental\tIndenture,\tdated\tas\tof\tJuly\t20,\n2015,\tby\tand\tbetween\tSolarCity\tand\tthe\tTrustee,\nrelated\tto\tSolarCity\u2019s\t4.70%\tSolar\tBonds,\tSeries\n2015/C71-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nJuly\t21,\t2015\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\n35"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7329c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 38, "chroma:document": "Exhibit\n\t\n\t\n\t\nIncorporated\tby\tReference\n\t\nFiled\nNumber\n\t\nExhibit\tDescription\n\t\nForm\n\t\nFile\tNo.\n\t\nExhibit\n\t\nFiling\tDate\n\t\nHerewith\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\t\t\t4.56\n\t\nNinety-First\tSupplemental\tIndenture,\tdated\tas\tof\tJuly\n20,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\tTrustee,\nrelated\tto\tSolarCity\u2019s\t5.45%\tSolar\tBonds,\tSeries\n2015/C72-15.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.6\n\t\nJuly\t21,\t2015\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\t\t\t4.57\n\t\nNinety-Fifth\tSupplemental\tIndenture,\tdated\tas\tof\tJuly\n31,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\tTrustee,\nrelated\tto\tSolarCity\u2019s\t5.00%\tSolar\tBonds,\tSeries\n2015/20-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nJuly\t31,\t2015\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\t\t\t4.58\n\t\nNinety-Sixth\tSupplemental\tIndenture,\tdated\tas\tof\tJuly\n31,\t2015,\tby\tand\tbetween\tSolarCity\tand\tthe\tTrustee,\nrelated\tto\tSolarCity\u2019s\t5.75%\tSolar\tBonds,\tSeries\n2015/21-15.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.6\n\t\nJuly\t31,\t2015\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\t\t\t4.59"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d733dc-f41d-11ee-a3fb-0242ac1c000c
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 38, "chroma:document": "4.59\n\t\nOne\tHundred-and-Fifth\tSupplemental\tIndenture,\tdated\nas\tof\tAugust\t10,\t2015,\tby\tand\tbetween\tSolarCity\tand\nthe\tTrustee,\trelated\tto\tSolarCity\u2019s\t4.70%\tSolar\tBonds,\nSeries\t2015/C81-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nAugust\t10,\t2015\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\t\t\t4.60\n\t\nOne\tHundred-and-Eleventh\tSupplemental\tIndenture,\ndated\tas\tof\tAugust\t17,\t2015,\tby\tand\tbetween\tSolarCity\nand\tthe\tTrustee,\trelated\tto\tSolarCity\u2019s\t5.45%\tSolar\nBonds,\tSeries\t2015/C87-15.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.6\n\t\nAugust\t17,\t2015\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\t\t\t4.61\n\t\nOne\tHundred-and-Sixteenth\tSupplemental\tIndenture,\ndated\tas\tof\tAugust\t24,\t2015,\tby\tand\tbetween\tSolarCity\nand\tthe\tTrustee,\trelated\tto\tSolarCity\u2019s\t5.45%\tSolar\nBonds,\tSeries\t2015/C92-15.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.6\n\t\nAugust\t24,\t2015\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\t\t\t4.62\n\t\nOne\tHundred-and-Twenty-First\tSupplemental\nIndenture,\tdated\tas\tof\tAugust\t31,\t2015,\tby\tand\nbetween\tSolarCity\tand\tthe\tTrustee,\trelated\tto\nSolarCity\u2019s\t5.45%\tSolar\tBonds,\tSeries\t2015/C97-15."}


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-10ka_20211231-gen.pdf", "page": 38, "chroma:document": "8-K(1)\n\t\n001-35758\n\t\n4.6\n\t\nAugust\t31,\t2015\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\t\t\t4.63\n\t\nOne\tHundred-and-Twenty-Eighth\tSupplemental\nIndenture,\tdated\tas\tof\tSeptember\t14,\t2015,\tby\tand\nbetween\tSolarCity\tand\tthe\tTrustee,\trelated\tto\nSolarCity\u2019s\t4.70%\tSolar\tBonds,\tSeries\t2015/C101-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nSeptember\t15,\t2015\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\n36"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7351c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 39, "chroma:document": "Exhibit\n\t\n\t\n\t\nIncorporated\tby\tReference\n\t\nFiled\nNumber\n\t\nExhibit\tDescription\n\t\nForm\n\t\nFile\tNo.\n\t\nExhibit\n\t\nFiling\tDate\n\t\nHerewith\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\t\t\t4.64\n\t\nOne\tHundred-and-Twenty-Ninth\tSupplemental\nIndenture,\tdated\tas\tof\tSeptember\t14,\t2015,\tby\tand\nbetween\tSolarCity\tand\tthe\tTrustee,\trelated\tto\nSolarCity\u2019s\t5.45%\tSolar\tBonds,\tSeries\t2015/C102-15.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.6\n\t\nSeptember\t15,\t2015\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\t\t\t4.65\n\t\nOne\tHundred-and-Thirty-Third\tSupplemental\nIndenture,\tdated\tas\tof\tSeptember\t28,\t2015,\tby\tand\nbetween\tSolarCity\tand\tthe\tTrustee,\trelated\tto\nSolarCity\u2019s\t4.70%\tSolar\tBonds,\tSeries\t2015/C106-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nSeptember\t29,\t2015\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\t\t\t4.66\n\t\nOne\tHundred-and-Thirty-Fourth\tSupplemental\nIndenture,\tdated\tas\tof\tSeptember\t28,\t2015,\tby\tand\nbetween\tSolarCity\tand\tthe\tTrustee,\trelated\tto\nSolarCity\u2019s\t5.45%\tSolar\tBonds,\tSeries\t2015/C107-15.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.6\n\t\nSeptember\t29,\t2015\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\t\t\t4.67"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d73580-f41d-11ee-a3fb-0242ac1c000c
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 39, "chroma:document": "4.67\n\t\nOne\tHundred-and-Thirty-Eighth\tSupplemental\nIndenture,\tdated\tas\tof\tOctober\t13,\t2015,\tby\tand\nbetween\tSolarCity\tand\tthe\tTrustee,\trelated\tto\nSolarCity\u2019s\t4.70%\tSolar\tBonds,\tSeries\t2015/C111-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nOctober\t13,\t2015\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\t\t\t4.68\n\t\nOne\tHundred-and-Forty-Third\tSupplemental\nIndenture,\tdated\tas\tof\tOctober\t30,\t2015,\tby\tand\nbetween\tSolarCity\tand\tthe\tTrustee,\trelated\tto\nSolarCity\u2019s\t5.00%\tSolar\tBonds,\tSeries\t2015/25-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nOctober\t30,\t2015\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\t\t\t4.69\n\t\nOne\tHundred-and-Forty-Fourth\tSupplemental\nIndenture,\tdated\tas\tof\tOctober\t30,\t2015,\tby\tand\nbetween\tSolarCity\tand\tthe\tTrustee,\trelated\tto\nSolarCity\u2019s\t5.75%\tSolar\tBonds,\tSeries\t2015/26-15.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.6\n\t\nOctober\t30,\t2015\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\t\t\t4.70\n\t\nOne\tHundred-and-Forty-Eighth\tSupplemental\nIndenture,\tdated\tas\tof\tNovember\t4,\t2015,\tby\tand\nbetween\tSolarCity\tand\tthe\tTrustee,\trelated\tto"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d735da-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 39, "chroma:document": "between\tSolarCity\tand\tthe\tTrustee,\trelated\tto\nSolarCity\u2019s\t4.70%\tSolar\tBonds,\tSeries\t2015/C116-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nNovember\t4,\t2015\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\n37"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d73634-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 40, "chroma:document": "Exhibit\n\t\n\t\n\t\nIncorporated\tby\tReference\n\t\nFiled\nNumber\n\t\nExhibit\tDescription\n\t\nForm\n\t\nFile\tNo.\n\t\nExhibit\n\t\nFiling\tDate\n\t\nHerewith\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\t\t\t4.71\n\t\nOne\tHundred-and-Fifty-Third\tSupplemental\tIndenture,\ndated\tas\tof\tNovember\t16,\t2015,\tby\tand\tbetween\nSolarCity\tand\tthe\tTrustee,\trelated\tto\tSolarCity\u2019s\t4.70%\nSolar\tBonds,\tSeries\t2015/C121-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nNovember\t17,\t2015\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\t\t\t4.72\n\t\nOne\tHundred-and-Fifty-Fourth\tSupplemental\nIndenture,\tdated\tas\tof\tNovember\t16,\t2015,\tby\tand\nbetween\tSolarCity\tand\tthe\tTrustee,\trelated\tto\nSolarCity\u2019s\t5.45%\tSolar\tBonds,\tSeries\t2015/C122-15.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.6\n\t\nNovember\t17,\t2015\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\t\t\t4.73\n\t\nOne\tHundred-and-Fifty-Eighth\tSupplemental\nIndenture,\tdated\tas\tof\tNovember\t30,\t2015,\tby\tand\nbetween\tSolarCity\tand\tthe\tTrustee,\trelated\tto\nSolarCity\u2019s\t4.70%\tSolar\tBonds,\tSeries\t2015/C126-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nNovember\t30,\t2015"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7368e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 40, "chroma:document": "4.74\n\t\nOne\tHundred-and-Fifty-Ninth\tSupplemental\tIndenture,\ndated\tas\tof\tNovember\t30,\t2015,\tby\tand\tbetween\nSolarCity\tand\tthe\tTrustee,\trelated\tto\tSolarCity\u2019s\t5.45%\nSolar\tBonds,\tSeries\t2015/C127-15.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.6\n\t\nNovember\t30,\t2015\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\t\t\t4.75\n\t\nOne\tHundred-and-Sixty-Third\tSupplemental\nIndenture,\tdated\tas\tof\tDecember\t14,\t2015,\tby\tand\nbetween\tSolarCity\tand\tthe\tTrustee,\trelated\tto\nSolarCity\u2019s\t4.70%\tSolar\tBonds,\tSeries\t2015/C131-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nDecember\t14,\t2015\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\t\t\t4.76\n\t\nOne\tHundred-and-Sixty-Fourth\tSupplemental\nIndenture,\tdated\tas\tof\tDecember\t14,\t2015,\tby\tand\nbetween\tSolarCity\tand\tthe\tTrustee,\trelated\tto\nSolarCity\u2019s\t5.45%\tSolar\tBonds,\tSeries\t2015/C132-15.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.6\n\t\nDecember\t14,\t2015\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\t\t\t4.77\n\t\nOne\tHundred-and-Sixty-Eighth\tSupplemental\nIndenture,\tdated\tas\tof\tDecember\t28,\t2015,\tby\tand\nbetween\tSolarCity\tand\tthe\tTrustee,\trelated\tto"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d736e8-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 40, "chroma:document": "between\tSolarCity\tand\tthe\tTrustee,\trelated\tto\nSolarCity\u2019s\t4.70%\tSolar\tBonds,\tSeries\t2015/C136-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nDecember\t28,\t2015\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\n38"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7374c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 41, "chroma:document": "Exhibit\n\t\n\t\n\t\nIncorporated\tby\tReference\n\t\nFiled\nNumber\n\t\nExhibit\tDescription\n\t\nForm\n\t\nFile\tNo.\n\t\nExhibit\n\t\nFiling\tDate\n\t\nHerewith\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\t\t\t4.78\n\t\nOne\tHundred-and-Sixty-Ninth\tSupplemental\nIndenture,\tdated\tas\tof\tDecember\t28,\t2015,\tby\tand\nbetween\tSolarCity\tand\tthe\tTrustee,\trelated\tto\nSolarCity\u2019s\t5.45%\tSolar\tBonds,\tSeries\t2015/C137-15.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.6\n\t\nDecember\t28,\t2015\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\t\t\t4.79\n\t\nOne\tHundred-and-Seventy-Third\tSupplemental\nIndenture,\tdated\tas\tof\tJanuary\t29,\t2016,\tby\tand\nbetween\tSolarCity\tand\tthe\tTrustee,\trelated\tto\nSolarCity\u2019s\t5.00%\tSolar\tBonds,\tSeries\t2016/4-10.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.5\n\t\nJanuary\t29,\t2016\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\t\t\t4.80\n\t\nOne\tHundred-and-Seventy-Fourth\tSupplemental\nIndenture,\tdated\tas\tof\tJanuary\t29,\t2016,\tby\tand\nbetween\tSolarCity\tand\tthe\tTrustee,\trelated\tto\nSolarCity\u2019s\t5.75%\tSolar\tBonds,\tSeries\t2016/5-15.\n\t\n8-K(1)\n\t\n001-35758\n\t\n4.6\n\t\nJanuary\t29,\t2016"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d737a6-f41d-11ee-a3fb-0242ac1c000c
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 41, "chroma:document": "4.81\n\t\nDescription\tof\tRegistrant\u2019s\tSecurities\n\t\n10-K\n\t\n001-34756\n\t\n4.119\n\t\nFebruary\t13,\t2020\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\t10.1**\n\t\t\nForm\tof\tIndemnification\tAgreement\tbetween\tthe\nRegistrant\tand\tits\tdirectors\tand\tofficers.\n\t\t\nS-1/A\n\t\t\n333-164593\n\t\t\n10.1\n\t\t\nJune\t15,\t2010\n\t\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\t10.2**\n\t\t\n2003\tEquity\tIncentive\tPlan.\n\t\t\nS-1/A\n\t\t\n333-164593\n\t\t\n10.2\n\t\t\nMay\t27,\t2010\n\t\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\t10.3**\n\t\t\nForm\tof\tStock\tOption\tAgreement\tunder\t2003\tEquity\nIncentive\tPlan.\n\t\t\nS-1\n\t\t\n333-164593\n\t\t\n10.3\n\t\t\nJanuary\t29,\t2010\n\t\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\t10.4**\n\t\t\nAmended\tand\tRestated\t2010\tEquity\tIncentive\tPlan.\n\t\t\n10-K\n\t\t\n001-34756\n\t\t\n10.4\n\t\nFebruary\t23,\t2018\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\t10.5**\n\t\t\nForm\tof\tStock\tOption\tAgreement\tunder\t2010\tEquity\nIncentive\tPlan.\n\t\t\n10-K\n\t\t\n001-34756\n\t\t\n10.6\n\t\t\nMarch\t1,\t2017"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d73800-f41d-11ee-a3fb-0242ac1c000c
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 41, "chroma:document": "10.6\n\t\t\nMarch\t1,\t2017\n\t\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\t10.6**\n\t\t\nForm\tof\tRestricted\tStock\tUnit\tAward\tAgreement\nunder\t2010\tEquity\tIncentive\tPlan.\n\t\t\n10-K\n\t\t\n001-34756\n\t\t\n10.7\n\t\t\nMarch\t1,\t2017\n\t\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\t10.7**\n\t\t\nAmended\tand\tRestated\t2010\tEmployee\tStock\nPurchase\tPlan,\teffective\tas\tof\tFebruary\t1,\t2017.\n\t\n10-K\n\t\t\n001-34756\n\t\t\n10.8\n\t\t\nMarch\t1,\t2017\n\t\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\t10.8**\n\t\t\n2019\tEquity\tIncentive\tPlan.\n\t\t\nS-8\n\t\t\n333-232079\n\t\t\n4.2\n\t\nJune\t12,\t2019\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\t10.9**\n\t\t\nForm\tof\tStock\tOption\tAgreement\tunder\t2019\tEquity\nIncentive\tPlan.\n\t\t\nS-8\n\t\t\n333-232079\n\t\t\n4.3\n\t\t\nJune\t12,\t2019\n\t\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\n39"}


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-10ka_20211231-gen.pdf", "page": 42, "chroma:document": "Exhibit\n\t\n\t\n\t\nIncorporated\tby\tReference\n\t\nFiled\nNumber\n\t\nExhibit\tDescription\n\t\nForm\n\t\nFile\tNo.\n\t\nExhibit\n\t\nFiling\tDate\n\t\nHerewith\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\t10.10**\n\t\t\nForm\tof\tRestricted\tStock\tUnit\tAward\tAgreement\nunder\t2019\tEquity\tIncentive\tPlan.\n\t\t\nS-8\n\t\t\n333-232079\n\t\t\n4.4\n\t\t\nJune\t12,\t2019\n\t\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\t10.11**\n\t\t\nEmployee\tStock\tPurchase\tPlan,\teffective\tas\tof\tJune\t12,\n2019.\n\t\t\nS-8\n\t\t\n333-232079\n\t\t\n4.5\n\t\t\nJune\t12,\t2019\n\t\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\t10.12**\n\t\n2007\tSolarCity\tStock\tPlan\tand\tform\tof\tagreements\nused\tthereunder.\n\t\nS-1(1)\n\t\n333-184317\n\t\n10.2\n\t\nOctober\t5,\t2012\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\t10.13**\n\t\n2012\tSolarCity\tEquity\tIncentive\tPlan\tand\tform\tof\nagreements\tused\tthereunder.\n\t\nS-1(1)\n\t\n333-184317\n\t\n10.3\n\t\nOctober\t5,\t2012\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\t10.14**\n\t\n2010\tZep\tSolar,\tInc.\tEquity\tIncentive\tPlan\tand\tform\tof\nagreements\tused\tthereunder.\n\t\nS-8(1)"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d738b4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 42, "chroma:document": "S-8(1)\n\t\n333-192996\n\t\n4.5\n\t\nDecember\t20,\t2013\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\t10.15**\n\t\t\nOffer\tLetter\tbetween\tthe\tRegistrant\tand\tElon\tMusk\ndated\tOctober\t13,\t2008.\n\t\t\nS-1\n\t\t\n333-164593\n\t\t\n10.9\n\t\t\nJanuary\t29,\t2010\n\t\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\t10.16**\n\t\nPerformance\tStock\tOption\tAgreement\tbetween\tthe\nRegistrant\tand\tElon\tMusk\tdated\tJanuary\t21,\t2018.\n\t\nDEF\t14A\n\t\n001-34756\n\t\nAppendix\tA\n\t\nFebruary\t8,\t2018\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\t10.17**\n\t\nMaxwell\tTechnologies,\tInc.\t2005\tOmnibus\tEquity\nIncentive\tPlan,\tas\tamended\tthrough\tMay\t6,\t2010\n\t\n8-K(2)\n\t\n001-15477\n\t\n10.1\n\t\nMay\t10,\t2010\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\t10.18**\n\t\nMaxwell\tTechnologies,\tInc.\t2013\tOmnibus\tEquity\nIncentive\tPlan\n\t\nDEF\t14A(2)\n\t\n001-15477\n\t\nAppendix\tA\n\t\nJune\t2,\t2017\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\t10.19\n\t\nIndemnification\tAgreement,\teffective\tas\tof\tJune\t23,\n2020,\tbetween\tRegistrant\tand\tElon\tR.\tMusk."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
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encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 42, "chroma:document": "10-Q\n\t\n001-34756\n\t\n10.4\n\t\nJuly\t28,\t2020\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\t10.20\n\t\nIndemnification\tAgreement,\tdated\tas\tof\tFebruary\t27,\n2014,\tby\tand\tbetween\tthe\tRegistrant\tand\tJ.P.\tMorgan\nSecurities\tLLC.\n\t\n8-K\n\t\n001-34756\n\t\n10.1\n\t\nMarch\t5,\t2014\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\t10.21\n\t\nForm\tof\tCall\tOption\tConfirmation\trelating\tto\t1.25%\nConvertible\tSenior\tNotes\tDue\tMarch\t1,\t2021.\n\t\n8-K\n\t\n001-34756\n\t\n10.3\n\t\nMarch\t5,\t2014\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\t10.22\n\t\nForm\tof\tWarrant\tConfirmation\trelating\tto\t1.25%\nConvertible\tSenior\tNotes\tDue\tMarch\t1,\t2021.\n\t\n8-K\n\t\n001-34756\n\t\n10.5\n\t\nMarch\t5,\t2014\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\t10.23\n\t\nForm\tof\tCall\tOption\tConfirmation\trelating\tto\t2.375%\nConvertible\tNotes\tdue\tMarch\t15,\t2022\n.\n\t\n8-K\n\t\n001-34756\n\t\n10.1\n\t\nMarch\t22,\t2017\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\n40"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d73972-f41d-11ee-a3fb-0242ac1c000c
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 43, "chroma:document": "Exhibit\n\t\n\t\n\t\nIncorporated\tby\tReference\n\t\nFiled\nNumber\n\t\nExhibit\tDescription\n\t\nForm\n\t\nFile\tNo.\n\t\nExhibit\n\t\nFiling\tDate\n\t\nHerewith\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\t10.24\n\t\nForm\tof\tWarrant\tConfirmation\trelating\tto\t2.375%\nConvertible\tNotes\tdue\tMarch\t15,\t2022.\n\t\n8-K\n\t\n001-34756\n\t\n10.2\n\t\nMarch\t22,\t2017\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\t10.25\n\t\nForm\tof\tCall\tOption\tConfirmation\trelating\tto\t2.00%\nConvertible\tSenior\tNotes\tdue\tMay\t15,\t2024\n.\n\t\n8-K\n\t\n001-34756\n\t\n10.1\n\t\nMay\t3,\t2019\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\t10.26\n\t\nForm\tof\tWarrant\tConfirmation\trelating\tto\t2.00%\nConvertible\tSenior\tNotes\tdue\tMay\t15,\t2024.\n\t\n8-K\n\t\n001-34756\n\t\n10.2\n\t\nMay\t3,\t2019\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\t10.27\u2020\n\t\t\nSupply\tAgreement\tbetween\tPanasonic\tCorporation\nand\tthe\tRegistrant\tdated\tOctober\t5,\t2011.\n\t\t\n10-K\n\t\t\n001-34756\n\t\t\n10.50\n\t\t\nFebruary\t27,\t2012\n\t\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\t10.28\u2020\n\t\t\nAmendment\tNo.\t1\tto\tSupply\tAgreement\tbetween"}


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-10ka_20211231-gen.pdf", "page": 43, "chroma:document": "Amendment\tNo.\t1\tto\tSupply\tAgreement\tbetween\nPanasonic\tCorporation\tand\tthe\tRegistrant\tdated\nOctober\t29,\t2013.\n\t\t\n10-K\n\t\t\n001-34756\n\t\t\n10.35A\n\t\t\nFebruary\t26,\t2014\n\t\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\t10.29\n\t\nAgreement\tbetween\tPanasonic\tCorporation\tand\tthe\nRegistrant\tdated\tJuly\t31,\t2014.\n\t\n10-Q\n\t\n001-34756\n\t\n10.1\n\t\nNovember\t7,\t2014\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\t10.30\u2020\n\t\nGeneral\tTerms\tand\tConditions\tbetween\tPanasonic\nCorporation\tand\tthe\tRegistrant\tdated\tOctober\t1,\t2014.\n\t\n8-K\n\t\n001-34756\n\t\n10.2\n\t\nOctober\t11,\t2016\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\t10.31\n\t\nLetter\tAgreement,\tdated\tas\tof\tFebruary\t24,\t2015,\nregarding\taddition\tof\tco-party\tto\tGeneral\tTerms\tand\nConditions,\tProduction\tPricing\tAgreement\tand\nInvestment\tLetter\tAgreement\tbetween\tPanasonic\nCorporation\tand\tthe\tRegistrant.\n\t\n10-K\n\t\n001-34756\n\t\n10.25A\n\t\nFebruary\t24,\t2016\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\t10.32\u2020\n\t\nAmendment\tto\tGigafactory\tGeneral\tTerms,\tdated\nMarch\t1,\t2016,\tby\tand\tamong\tthe\tRegistrant,\nPanasonic\tCorporation\tand\tPanasonic\tEnergy\nCorporation\tof\tNorth\tAmerica.\n\t\n8-K\n\t\n001-34756"}


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-10ka_20211231-gen.pdf", "page": 43, "chroma:document": "8-K\n\t\n001-34756\n\t\n10.1\n\t\nOctober\t11,\t2016\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\t10.33\u2020\u2020\n\t\nAmended\tand\tRestated\tGeneral\tTerms\tand\tConditions\nfor\tGigafactory,\tentered\tinto\ton\tJune\t10,\t2020,\tby\tand\namong\tRegistrant,\tTesla\tMotors\tNetherlands\tB.V.,\nPanasonic\tCorporation\tand\tPanasonic\tCorporation\tof\nNorth\tAmerica\n.\n\t\n10-Q\n\t\n001-34756\n\t\n10.2\n\t\nJuly\t28,\t2020\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\t10.34\u2020\n\t\nProduction\tPricing\tAgreement\tbetween\tPanasonic\nCorporation\tand\tthe\tRegistrant\tdated\tOctober\t1,\t2014.\n\t\n10-Q\n\t\n001-34756\n\t\n10.3\n\t\nNovember\t7,\t2014\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\n41"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d73a8a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 44, "chroma:document": "Exhibit\n\t\n\t\n\t\nIncorporated\tby\tReference\n\t\nFiled\nNumber\n\t\nExhibit\tDescription\n\t\nForm\n\t\nFile\tNo.\n\t\nExhibit\n\t\nFiling\tDate\n\t\nHerewith\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\t10.35\u2020\n\t\nInvestment\tLetter\tAgreement\tbetween\tPanasonic\nCorporation\tand\tthe\tRegistrant\tdated\tOctober\t1,\t2014.\n\t\n10-Q\n\t\n001-34756\n\t\n10.4\n\t\nNovember\t7,\t2014\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\t10.36\n\t\nAmendment\tto\tGigafactory\tDocuments,\tdated\tApril\t5,\n2016,\tby\tand\tamong\tthe\tRegistrant,\tPanasonic\nCorporation,\tPanasonic\tCorporation\tof\tNorth\tAmerica\nand\tPanasonic\tEnergy\tCorporation\tof\tNorth\tAmerica.\n\t\n10-Q\n\t\n001-34756\n\t\n10.2\n\t\nMay\t10,\t2016\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\t10.37\u2020\u2020\n\t\n2019\tPricing\tAgreement\t(Japan\tCells)\twith\trespect\tto\n2011\tSupply\tAgreement,\texecuted\tSeptember\t20,\n2019,\tby\tand\tamong\tthe\tRegistrant,\tTesla\tMotors\nNetherlands\tB.V.,\tPanasonic\tCorporation\tand\tSANYO\nElectric\tCo.,\tLtd.\n\t\n10-Q\n\t\n001-34756\n\t\n10.6\n\t\nOctober\t29,\t2019\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\t10.38\u2020\u2020\n\t\n2020\tPricing\tAgreement\t(Gigafactory\t2170\tCells),"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
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created_at: 2024-04-06 13:59:07
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 44, "chroma:document": "March\t26,\t2019.\n\t\n10-Q\n\t\n001-34756\n\t\n10.7\n\t\nOctober\t29,\t2019\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\n42"}


created_at: 2024-04-06 13:59:07
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 45, "chroma:document": "Exhibit\n\t\n\t\n\t\nIncorporated\tby\tReference\n\t\nFiled\nNumber\n\t\nExhibit\tDescription\n\t\nForm\n\t\nFile\tNo.\n\t\nExhibit\n\t\nFiling\tDate\n\t\nHerewith\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\t10.42\u2020\u2020\n\t\nSecond\tLease\tAmendment,\tentered\tinto\ton\tJune\t9,\n2020,\tby\tand\tbetween\tthe\tRegistrant\tand\tPanasonic\nEnergy\tof\tNorth\tAmerica,\ta\tdivision\tof\tPanasonic\nCorporation\tof\tNorth\tAmerica,\twith\trespect\tto\tthe\nAmended\tand\tRestated\tFactory\tLease\tdated\tJanuary\t1,\n2017\n.\n\t\n10-Q\n\t\n001-34756\n\t\n10.1\n\t\nJuly\t28,\t2020\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\t10.43\n\t\nAmendment\tand\tRestatement\tin\trespect\tof\tABL\tCredit\nAgreement,\tdated\tas\tof\tMarch\t6,\t2019,\tby\tand\tamong\ncertain\tof\tthe\tRegistrant\u2019s\tand\tTesla\tMotors\nNetherlands\tB.V.\u2019s\tdirect\tor\tindirect\tsubsidiaries\tfrom\ntime\tto\ttime\tparty\tthereto,\tas\tborrowers,\tWells\tFargo\nBank,\tNational\tAssociation,\tas\tdocumentation\tagent,\nJPMorgan\tChase\tBank,\tN.A.,\tGoldman\tSachs\tBank\nUSA,\tMorgan\tStanley\tSenior\tFunding\tInc.\tand\tBank\tof\nAmerica,\tN.A.,\tas\tsyndication\tagents,\tthe\tlenders\tfrom\ntime\tto\ttime\tparty\tthereto,\tand\tDeutsche\tBank\tAG\nNew\tYork\tBranch,\tas\tadministrative\tagent\tand\ncollateral\tagent.\n\t\nS-4/A\n\t\n333-229749\n\t\t\n10.68\n\t\t\nApril\t3,\t2019"}


created_at: 2024-04-06 13:59:07
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 45, "chroma:document": "10.44\n\t\nFirst\tAmendment\tto\tAmended\tand\tRestated\tABL\nCredit\tAgreement,\tdated\tas\tof\tDecember\t23,\t2020,\tin\nrespect\tof\tthe\tAmended\tand\tRestated\tABL\tCredit\nAgreement,\tdated\tas\tof\tMarch\t6,\t2019,\tby\tand\tamong\ncertain\tof\tthe\tRegistrant\u2019s\tand\tTesla\tMotors\nNetherlands\tB.V.\u2019s\tdirect\tor\tindirect\tsubsidiaries\tfrom\ntime\tto\ttime\tparty\tthereto,\tas\tborrowers,\tWells\tFargo\nBank,\tNational\tAssociation,\tas\tdocumentation\tagent,\nJPMorgan\tChase\tBank,\tN.A.,\tGoldman\tSachs\tBank\nUSA,\tMorgan\tStanley\tSenior\tFunding\tInc.\tand\tBank\tof\nAmerica,\tN.A.,\tas\tsyndication\tagents,\tthe\tlenders\tfrom\ntime\tto\ttime\tparty\tthereto,\tand\tDeutsche\tBank\tAG\nNew\tYork\tBranch,\tas\tadministrative\tagent\tand\ncollateral\tagent.\n\t\n10-K\n\t\t\n001-34756\n\t\t\n10.44\n\t\t\nFebruary\t8,\t2021\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\t10.45\u2020\n\t\n\t\nAgreement\tfor\tTax\tAbatement\tand\tIncentives,\tdated\tas\nof\tMay\t7,\t2015,\tby\tand\tbetween\tTesla\tMotors,\tInc.\tand\nthe\tState\tof\tNevada,\tacting\tby\tand\tthrough\tthe\nNevada\tGovernor\u2019s\tOffice\tof\tEconomic\tDevelopment.\n\t\n10-Q\n\t\n001-34756\n\t\n10.1\n\t\nAugust\t7,\t2015\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\n43"}


created_at: 2024-04-06 13:59:07
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 46, "chroma:document": "Exhibit\n\t\n\t\n\t\nIncorporated\tby\tReference\n\t\nFiled\nNumber\n\t\nExhibit\tDescription\n\t\nForm\n\t\nFile\tNo.\n\t\nExhibit\n\t\nFiling\tDate\n\t\nHerewith\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\t10.46\u2020\u2020\n\t\nSecond\tAmended\tand\tRestated\tLoan\tand\tSecurity\nAgreement,\tdated\tas\tof\tAugust\t28,\t2020,\tby\tand\namong\tTesla\t2014\tWarehouse\tSPV\tLLC,\tTesla\tFinance\nLLC,\tthe\tLenders\tand\tGroup\tAgents\tfrom\ttime\tto\ttime\nparty\tthereto,\tDeutsche\tBank\tTrust\tCompany\nAmericas,\tas\tPaying\tAgent,\tand\tDeutsche\tBank\tAG,\nNew\tYork\tBranch,\tas\tAdministrative\tAgent\n.\n\t\n10-Q\n\t\n001-34756\n\t\n10.2\n\t\nOctober\t26,\t2020\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\t10.47\n\t\nAmendment\tNo.\t1\tto\tSecond\tAmended\tand\tRestated\nLoan\tand\tSecurity\tAgreement,\tdated\tas\tof\tMarch\t15,\n2021,\tby\tand\tamong\tTesla\t2014\tWarehouse\tSPV\tLLC,\nTesla\tFinance\tLLC,\tthe\tLenders\tand\tGroup\tAgents\nfrom\ttime\tto\ttime\tparty\tthereto,\tDeutsche\tBank\tTrust\nCompany\tAmericas,\tas\tPaying\tAgent,\tand\tDeutsche\nBank\tAG,\tNew\tYork\tBranch,\tas\tAdministrative\tAgent\n.\n\t\n10-Q\n\t\n001-34756\n\t\n10.1\n\t\nApril\t28,\t2021\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\t10.48\u2020\u2020\n\t\nAmendment\tNo.\t2\tto\tSecond\tAmended\tand\tRestated\nLoan\tand\tSecurity\tAgreement,\tdated\tas\tof\tJune\t8,"}


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-10ka_20211231-gen.pdf", "page": 46, "chroma:document": "2021,\tby\tand\tamong\tTesla\t2014\tWarehouse\tSPV\tLLC,\nTesla\tFinance\tLLC,\tthe\tLenders\tand\tGroup\tAgents\nfrom\ttime\tto\ttime\tparty\tthereto,\tDeutsche\tBank\tTrust\nCompany\tAmericas,\tas\tPaying\tAgent,\tand\tDeutsche\nBank\tAG,\tNew\tYork\tBranch,\tas\tAdministrative\tAgent\n.\n\t\n10-Q\n\t\n001-34756\n\t\n10.1\n\t\nJuly\t27,\t2021\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\t10.49\u2020\n\t\nLoan\tand\tSecurity\tAgreement,\texecuted\ton\tDecember\n28,\t2018,\tby\tand\tamong\tLML\t2018\tWarehouse\tSPV,\nLLC,\tTesla\tFinance\tLLC,\tthe\tLenders\tand\tGroup\nAgents\tfrom\ttime\tto\ttime\tparty\tthereto,\tDeutsche\tBank\nTrust\tCompany\tAmericas,\tas\tPaying\tAgent,\tand\nDeutsche\tBank\tAG,\tNew\tYork\tBranch,\tas\nAdministrative\tAgent.\n\t\n10-K\t\t\n\t\t\n001-34756\n\t\t\n10.55\t\t\n\t\t\nFebruary\t19,\t2019\t\t\n\t\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
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 47, "chroma:document": "Exhibit\n\t\n\t\n\t\nIncorporated\tby\tReference\n\t\nFiled\nNumber\n\t\nExhibit\tDescription\n\t\nForm\n\t\nFile\tNo.\n\t\nExhibit\n\t\nFiling\tDate\n\t\nHerewith\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\t10.50\u2020\u2020\n\t\nLetter\tof\tConsent,\tdated\tas\tof\tJune\t14,\t2019,\tby\tand\namong\tLML\t2018\tWarehouse\tSPV,\tLLC,\tDeutsche\nBank\tAG,\tNew\tYork\tBranch,\tas\tAdministrative\tAgent,\nand\tthe\tGroup\tAgents\tparty\tthereto,\tin\trespect\tof\tthe\nLoan\tand\tSecurity\tAgreement,\tdated\tas\tof\tAugust\t17,\n2017\tand\tas\tamended\tfrom\ttime\tto\ttime,\tby\tand\namong\tLML\tWarehouse\tSPV,\tLLC,\tTesla\tFinance\tLLC,\nand\tthe\tLenders,\tGroup\tAgents\tand\tAdministrative\nAgent\tfrom\ttime\tto\ttime\tparty\tthereto.\n\t\n10-Q\t\t\n\t\t\n001-34756\n\t\t\n10.1\t\t\n\t\t\nJuly\t29,\t2019\t\t\n\t\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\t10.51\u2020\u2020\n\t\nAmendment\tNo.\t1\tto\tLoan\tand\tSecurity\tAgreement,\ndated\tas\tof\tAugust\t16,\t2019,\tby\tand\tamong\tLML\t2018\nWarehouse\tSPV,\tLLC,\tDeutsche\tBank\tTrust\tCompany\nAmericas,\tas\tPaying\tAgent,\tand\tDeutsche\tBank\tAG,\nNew\tYork\tBranch,\tas\tAdministrative\tAgent,\tand\tthe\nLenders\tand\tGroup\tAgents\tfrom\ttime\tto\ttime\tparty\nthereto.\n\t\n10-Q\t\t\n\t\t\n001-34756\n\t\t\n10.2\t\t\n\t\t\nOctober\t29,\t2019\t\t\n\t\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\t10.52"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d73d8c-f41d-11ee-a3fb-0242ac1c000c
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 47, "chroma:document": "10.52\n\t\nAmendment\tNo.\t2\tto\tLoan\tand\tSecurity\tAgreement,\ndated\tas\tof\tDecember\t13,\t2019,\tby\tand\tamong\tLML\n2018\tWarehouse\tSPV,\tLLC,\tDeutsche\tBank\tTrust\nCompany\tAmericas,\tas\tPaying\tAgent,\tand\tDeutsche\nBank\tAG,\tNew\tYork\tBranch,\tas\tAdministrative\tAgent,\nand\tthe\tLenders\tand\tGroup\tAgents\tfrom\ttime\tto\ttime\nparty\tthereto.\n\t\n10-K\n\t\t\n001-34756\n\t\t\n10.69\n\t\t\nFebruary\t13,\t2020\n\t\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\n45"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
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created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
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created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
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created_at: 2024-04-06 13:59:07
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id: c5d73efe-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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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 53, "chroma:document": "32.1*\n\t\t\nSection\t1350\tCertifications\n\t\t\n10-K\n\t\t\n001-34756\t\n\t\t\n32.1\n\t\t\nFebruary\t7,\t2022\n\t\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\n101.INS*\n\t\t\nInline\tXBRL\tInstance\tDocument\n\t\t\n10-K\n\t\t\n001-34756\t\n\t\n\t\t\n101.INS\n\t\t\nFebruary\t7,\t2022\n\t\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\n101.SCH*\n\t\t\nInline\tXBRL\tTaxonomy\tExtension\tSchema\tDocument\n\t\t\n10-K\n\t\t\n001-34756\t\n\t\n\t\t\n101.SCH\n\t\t\nFebruary\t7,\t2022\n\t\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\n51"}


created_at: 2024-04-06 13:59:07
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 54, "chroma:document": "Exhibit\n\t\n\t\n\t\nIncorporated\tby\tReference\n\t\nFiled\nNumber\n\t\nExhibit\tDescription\n\t\nForm\n\t\nFile\tNo.\n\t\nExhibit\n\t\nFiling\tDate\n\t\nHerewith\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\n101.CAL*\n\t\t\nInline\tXBRL\tTaxonomy\tExtension\tCalculation\tLinkbase\nDocument.\n\t\t\n10-K\n\t\t\n001-34756\t\n\t\n\t\t\n101.CAL\n\t\t\nFebruary\t7,\t2022\n\t\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\n101.DEF*\n\t\t\nInline\tXBRL\tTaxonomy\tExtension\tDefinition\tLinkbase\nDocument\n\t\t\n10-K\n\t\t\n001-34756\t\n\t\n\t\t\n101.DEF\n\t\t\nFebruary\t7,\t2022\n\t\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\n101.LAB*\n\t\t\nInline\tXBRL\tTaxonomy\tExtension\tLabel\tLinkbase\nDocument\n\t\t\n10-K\n\t\t\n001-34756\t\n\t\n\t\t\n101.LAB\n\t\t\nFebruary\t7,\t2022\n\t\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\n101.PRE*\n\t\t\nInline\tXBRL\tTaxonomy\tExtension\tPresentation\nLinkbase\tDocument\n\t\t\n10-K\n\t\t\n001-34756\t\n\t\n\t\t\n101.PRE\n\t\t\nFebruary\t7,\t2022\n\t\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\n104\n\t\t\nCover\tPage\tInteractive\tData\tFile\t(formatted\tas\tinline\nXBRL\twith\tapplicable\ttaxonomy\textension\tinformation\ncontained\tin\tExhibits\t101)\n\t\t\n\t\n\t\t\n\t\n\t\t\n\t\n\t\t\n\t\n\t\t\n\t\n\t\n*\nPreviously\tfiled\tor\tfurnished,\tas\tapplicable,\twith\tthe\tOriginal\tForm\t10-K.\n**"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d742f0-f41d-11ee-a3fb-0242ac1c000c
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{"source": "tesla-annual-reports/tsla-10ka_20211231-gen.pdf", "page": 54, "chroma:document": "**\nIndicates\ta\tmanagement\tcontract\tor\tcompensatory\tplan\tor\tarrangement\n\u2020\nConfidential\ttreatment\thas\tbeen\trequested\tfor\tportions\tof\tthis\texhibit\n\u2020\u2020\nPortions\tof\tthis\texhibit\thave\tbeen\tredacted\tin\tcompliance\twith\tRegulation\tS-K\tItem\t601(b)(10).\n(1)\nIndicates\ta\tfiling\tof\tSolarCity\n(2)\nIndicates\ta\tfiling\tof\tMaxwell\tTechnologies,\tInc.\n\t\n52"}


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-10ka_20211231-gen.pdf", "page": 55, "chroma:document": "SIGNATURES\nPursuant\tto\tthe\trequirements\tof\tSection\t13\tor\t15(d)\tthe\tSecurities\tExchange\tAct\tof\t1934,\tthe\tregistrant\thas\tduly\tcaused\tthis\treport\tto\tbe\tsigned\non\tits\tbehalf\tby\tthe\tundersigned,\tthereunto\tduly\tauthorized.\n\t\n\t\n\t\nTesla,\tInc.\n\t\n\t\n\t\nDate:\tApril\t29,\t2022\n\t\n/s/\tZachary\tJ.\tKirkhorn\n\t\n\t\nZachary\tJ.\tKirkhorn\n\t\n\t\nChief\tFinancial\tOfficer\n\t\n\t\n(Principal\tFinancial\tOfficer\tand\nDuly\tAuthorized\tOfficer)\n\t\n\t\n53\n\t\nExhibit\t31.3\nCERTIFICATIONS\nI,\tElon\tMusk,\tcertify\tthat:\n1.\nI\thave\treviewed\tthis\tAmendment\tNo.\t1\tto\tAnnual\tReport\ton\tForm\t10-K\tof\tTesla,\tInc.;\tand\n2.\nBased\ton\tmy\tknowledge,\tthis\treport\tdoes\tnot\tcontain\tany\tuntrue\tstatement\tof\ta\tmaterial\tfact\tor\tomit\tto\tstate\ta\tmaterial\tfact\tnecessary\tto\tmake\tthe\nstatements\tmade,\tin\tlight\tof\tthe\tcircumstances\tunder\twhich\tsuch\tstatements\twere\tmade,\tnot\tmisleading\twith\trespect\tto\tthe\tperiod\tcovered\tby\tthis\nreport.\t\t\n\t\nDate:\tApril\t29,\t2022\n\t\n\t\n/s/\tElon\tMusk\n\t\n\t\n\t\nElon\tMusk\n\t\n\t\n\t\nChief\tExecutive\tOfficer\n\t\n\t\n\t\n(Principal\tExecutive\tOfficer)\n\t\n\t\n\t\nExhibit\t31.4\nCERTIFICATIONS\nI,\tZachary\tJ.\tKirkhorn,\tcertify\tthat:\n1.\nI\thave\treviewed\tthis\tAmendment\tNo.\t1\tto\tAnnual\tReport\ton\tForm\t10-K\tof\tTesla,\tInc.;\tand\n2.\nBased\ton\tmy\tknowledge,\tthis\treport\tdoes\tnot\tcontain\tany\tuntrue\tstatement\tof\ta\tmaterial\tfact\tor\tomit\tto\tstate\ta\tmaterial\tfact\tnecessary\tto\tmake\tthe"}


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-10ka_20211231-gen.pdf", "page": 55, "chroma:document": "statements\tmade,\tin\tlight\tof\tthe\tcircumstances\tunder\twhich\tsuch\tstatements\twere\tmade,\tnot\tmisleading\twith\trespect\tto\tthe\tperiod\tcovered\tby\tthis\nreport.\t\t\n\t\nDate:\tApril\t29,\t2022\n\t\n\t\n/s/\tZachary\tJ.\tKirkhorn\n\t\n\t\n\t\nZachary\tJ.\tKirkhorn\n\t\n\t\n\t\nChief\tFinancial\tOfficer\n\t\n\t\n\t\n(Principal\tFinancial\tOfficer)"}


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": 0, "chroma:document": "UNITED\tSTATES\nSECURITIES\tAND\tEXCHANGE\tCOMMISSION\nWashington,\tD.C.\t20549\n\t\nFORM\t\n10-K\n\t\n(Mark\tOne)\n\u2612\nANNUAL\tREPORT\tPURSUANT\tTO\tSECTION\t13\tOR\t15(d)\tOF\tTHE\tSECURITIES\tEXCHANGE\tACT\tOF\t1934\nFor\tthe\tfiscal\tyear\tended\t\nDecember\t31,\t2020\n\t\nOR\n\u2610\nTRANSITION\tREPORT\tPURSUANT\tTO\tSECTION\t13\tOR\t15(d)\tOF\tTHE\tSECURITIES\tEXCHANGE\tACT\tOF\t1934\nFor\tthe\ttransition\tperiod\tfrom\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\tto\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nCommission\tFile\tNumber:\t\n001-34756\n\t\nTesla,\tInc.\n(Exact\tname\tof\tregistrant\tas\tspecified\tin\tits\tcharter)\n\t\n\t\nDelaware\n\t\n91-2197729\n(State\tor\tother\tjurisdiction\tof\nincorporation\tor\torganization)\n\t\n(I.R.S.\tEmployer\nIdentification\tNo.)\n\t\n\t\n\t\n3500\tDeer\tCreek\tRoad\nPalo\tAlto\n,\t\nCalifornia\n\t\n94304\n(Address\tof\tprincipal\texecutive\toffices)\n\t\n(Zip\tCode)\n(\n650\n)\t\n681-5000\n(Registrant\u2019s\ttelephone\tnumber,\tincluding\tarea\tcode)\nSecurities\tregistered\tpursuant\tto\tSection\t12(b)\tof\tthe\tAct:\n\t\nTitle\tof\teach\tclass\nTrading\tSymbol(s)\nName\tof\teach\texchange\ton\twhich\tregistered\nCommon\tstock\nTSLA\nThe\tNasdaq\tGlobal\tSelect\tMarket\n\t\nSecurities\tregistered\tpursuant\tto\tSection\t12(g)\tof\tthe\tAct:\nNone\n\t\nIndicate\tby\tcheck\tmark\twhether\tthe\tregistrant\tis\ta\twell-known\tseasoned\tissuer,\tas\tdefined\tin\tRule\t405\tof\tthe\tSecurities\tAct.\t\t\t\t\nYes\n\t\t\n\u2612\n\t\t\t\tNo\t\t\n\u2610"}


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": 0, "chroma:document": "Yes\n\t\t\n\u2612\n\t\t\t\tNo\t\t\n\u2610\nIndicate\tby\tcheck\tmark\tif\tthe\tregistrant\tis\tnot\trequired\tto\tfile\treports\tpursuant\tto\tSection\t13\tor\t15(d)\tof\tthe\tAct.\t\t\t\tYes\t\t\n\u2610\n\t\t\t\t\nNo\n\t\t\n\u2612\nIndicate\tby\tcheck\tmark\twhether\tthe\tregistrant\t(1)\thas\tfiled\tall\treports\trequired\tto\tbe\tfiled\tby\tSection\t13\tor\t15(d)\tof\tthe\tSecurities\tExchange\tAct\tof\t1934\t(\u201cExchange\tAct\u201d)\tduring\tthe\tpreceding\t12\tmonths\n(or\tfor\tsuch\tshorter\tperiod\tthat\tthe\tregistrant\twas\trequired\tto\tfile\tsuch\treports),\tand\t(2)\thas\tbeen\tsubject\tto\tsuch\tfiling\trequirements\tfor\tthe\tpast\t90\tdays.\t\t\t\t\nYes\n\t\t\n\u2612\n\t\t\t\tNo\t\t\n\u2610\nIndicate\tby\tcheck\tmark\twhether\tthe\tregistrant\thas\tsubmitted\telectronically\tevery\tInteractive\tData\tFile\trequired\tto\tbe\tsubmitted\tpursuant\tto\tRule\t405\tof\tRegulation\tS-T\t(\u00a7\t232.405\tof\tthis\tchapter)\n\t\nduring\nthe\tpreceding\t12\tmonths\t(or\tfor\tsuch\tshorter\tperiod\tthat\tthe\tregistrant\twas\trequired\tto\tsubmit\tsuch\tfiles).\t\t\t\tYes\t\t\n\u2612\n\t\t\t\tNo\t\t\n\u2610\nIndicate\tby\tcheck\tmark\twhether\tthe\tregistrant\tis\ta\tlarge\taccelerated\tfiler,\tan\taccelerated\tfiler,\ta\tnon-accelerated\tfiler,\ta\tsmaller\treporting\tcompany\tor\tan\temerging\tgrowth\tcompany.\tSee\tthe\tdefinitions\tof\n\u201clarge\taccelerated\tfiler,\u201d\t\u201caccelerated\tfiler,\u201d\t\u201csmaller\treporting\tcompany\u201d\tand\t\u201cemerging\tgrowth\tcompany\u201d\tin\tRule\t12b-2\tof\tthe\tExchange\tAct:\n\t\nLarge\taccelerated\tfiler\n\t\n\u2612\n\t\t\nAccelerated\tfiler\n\t\n\u2610\n\t\n\t\n\t\n\t\nNon-accelerated\tfiler\n\t\n\u2610\n\t\t\n\t\t\nSmaller\treporting\tcompany\n\t\n\u2610"}


created_at: 2024-04-06 13:59:07
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{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 0, "chroma:document": "Emerging\tgrowth\tcompany\n\t\n\u2610\n\t\n\t\n\t\n\t\nIf\tan\temerging\tgrowth\tcompany,\tindicate\tby\tcheck\tmark\tif\tthe\tregistrant\thas\telected\tnot\tto\tuse\tthe\textended\ttransition\tperiod\tfor\tcomplying\twith\tany\tnew\tor\trevised\tfinancial\taccounting\tstandards\nprovided\tpursuant\tto\tSection\t13(a)\tof\tthe\tExchange\tAct.\t\t\t\t\n\u2610\nIndicate\tby\tcheck\tmark\twhether\tthe\tRegistrant\thas\tfiled\ta\treport\ton\tand\tattestation\tto\tits\tmanagement\u2019s\tassessment\tof\tthe\teffectiveness\tof\tits\tinternal\tcontrol\tover\tfinancial\treporting\tunder\tSection\n404(b)\tof\tthe\tSarbanes-Oxley\tAct\t(15\tU.S.C.\t7262(b))\tby\tthe\tregistered\tpublic\taccounting\tfirm\tthat\tprepared\tor\tissued\tits\taudit\treport.\t\n\u2612\nIndicate\tby\tcheck\tmark\twhether\tthe\tregistrant\tis\ta\tshell\tcompany\t(as\tdefined\tin\tRule\t12b-2\tof\tthe\tExchange\tAct).\t\t\t\tYes\t\t\n\u2610\n\t\t\t\tNo\t\t\n\u2612\nThe\taggregate\tmarket\tvalue\tof\tvoting\tstock\theld\tby\tnon-affiliates\tof\tthe\tregistrant,\tas\tof\tJune\t30,\t2020,\tthe\tlast\tday\tof\tthe\tregistrant\u2019s\tmost\trecently\tcompleted\tsecond\tfiscal\tquarter,\twas\t$\n160.57\n\tbillion\n(based\ton\tthe\tclosing\tprice\tfor\tshares\tof\tthe\tregistrant\u2019s\tCommon\tStock\tas\treported\tby\tthe\tNASDAQ\tGlobal\tSelect\tMarket\ton\tJune\t30,\t2020).\tShares\tof\tCommon\tStock\theld\tby\teach\texecutive\tofficer,\tdirector,\nand\tholder\tof\t5%\tor\tmore\tof\tthe\toutstanding\tCommon\tStock\thave\tbeen\texcluded\tin\tthat\tsuch\tpersons\tmay\tbe\tdeemed\tto\tbe\taffiliates.\tThis\tdetermination\tof\taffiliate\tstatus\tis\tnot\tnecessarily\ta\tconclusive\ndetermination\tfor\tother\tpurposes.\nAs\tof\tFebruary\t1,\t2021,\tthere\twere\t\n959,853,504\n\tshares\tof\tthe\tregistrant\u2019s\tCommon\tStock\toutstanding."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7450c-f41d-11ee-a3fb-0242ac1c000c
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{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 0, "chroma:document": "shares\tof\tthe\tregistrant\u2019s\tCommon\tStock\toutstanding.\nDOCUMENTS\tINCORPORATED\tBY\tREFERENCE\nPortions\tof\tthe\tregistrant\u2019s\tProxy\tStatement\tfor\tthe\t2021\tAnnual\tMeeting\tof\tStockholders\tare\tincorporated\therein\tby\treference\tin\tPart\tIII\tof\tthis\tAnnual\tReport\ton\tForm\t10-K\tto\tthe\textent\tstated\therein.\nSuch\tproxy\tstatement\twill\tbe\tfiled\twith\tthe\tSecurities\tand\tExchange\tCommission\twithin\t120\tdays\tof\tthe\tregistrant\u2019s\tfiscal\tyear\tended\tDecember\t31,\t2020."}


created_at: 2024-04-06 13:59:07
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id: c5d74566-f41d-11ee-a3fb-0242ac1c000c
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{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 1, "chroma:document": "TESLA,\tINC.\nANNUAL\tREPORT\tON\tFORM\t10-K\tFOR\tTHE\tYEAR\tENDED\tDECEMBER\t31,\t2020\nINDEX\n\t\n\t\n\t\n\t\n\t\nPage\nPART\tI.\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nItem\t1.\n\t\nBusiness\n\t\t\n4\nItem\t1A.\n\t\nRisk\tFactors\n\t\n14\nItem\t1B.\n\t\nUnresolved\tStaff\tComments\n\t\n27\nItem\t2.\n\t\nProperties\n\t\n27\nItem\t3.\n\t\nLegal\tProceedings\n\t\n28\nItem\t4.\n\t\nMine\tSafety\tDisclosures\n\t\n28\n\t\n\t\n\t\nPART\tII.\n\t\n\t\n\t\n\t\n\t\n\t\nItem\t5.\n\t\nMarket\tfor\tRegistrant\u2019s\tCommon\tEquity,\tRelated\tStockholder\tMatters\tand\tIssuer\tPurchases\tof\tEquity\tSecurities\n\t\n29\nItem\t6.\n\t\nSelected\tConsolidated\tFinancial\tData\n\t\n30\nItem\t7.\n\t\nManagement\u2019s\tDiscussion\tand\tAnalysis\tof\tFinancial\tCondition\tand\tResults\tof\tOperations\n\t\n31\nItem\t7A.\n\t\nQuantitative\tand\tQualitative\tDisclosures\tAbout\tMarket\tRisk\n\t\n49\nItem\t8.\n\t\nFinancial\tStatements\tand\tSupplementary\tData\n\t\n50\nItem\t9.\n\t\nChanges\tin\tand\tDisagreements\twith\tAccountants\ton\tAccounting\tand\tFinancial\tDisclosure\n\t\n107\nItem\t9A.\n\t\nControls\tand\tProcedures\n\t\n107\nItem\t9B.\n\t\nOther\tInformation\n\t\n107\n\t\n\t\n\t\nPART\tIII.\n\t\n\t\n\t\n\t\n\t\n\t\nItem\t10.\n\t\nDirectors,\tExecutive\tOfficers\tand\tCorporate\tGovernance\n\t\n108\nItem\t11.\n\t\nExecutive\tCompensation\n\t\n108\nItem\t12.\n\t\nSecurity\tOwnership\tof\tCertain\tBeneficial\tOwners\tand\tManagement\tand\tRelated\tStockholder\tMatters\n\t\n108\nItem\t13."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d745c0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 1, "chroma:document": "108\nItem\t13.\n\t\nCertain\tRelationships\tand\tRelated\tTransactions,\tand\tDirector\tIndependence\n\t\n108\nItem\t14.\n\t\nPrincipal\tAccountant\tFees\tand\tServices\n\t\n108\n\t\n\t\n\t\n\t\nPART\tIV.\n\t\n\t\n\t\n\t\n\t\n\t\nItem\t15.\n\t\nExhibits\tand\tFinancial\tStatement\tSchedules\n\t\n108\nItem\t16.\n\t\nSummary\n\t\n125\n\t\n\t\n\t\nSignatures\n\t\n126\n\t\n\t\n\t\ni"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d74624-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 2, "chroma:document": "Forward-Looking\tStatements\nThe\tdiscussions\tin\tthis\tAnnual\tReport\ton\tForm\t10-K\tcontain\tforward-looking\tstatements\treflecting\tour\tcurrent\texpectations\tthat\tinvolve\trisks\tand\tuncertainties.\nThese\tforward-looking\tstatements\tinclude,\tbut\tare\tnot\tlimited\tto,\tstatements\tconcerning\tany\tpotential\tfuture\timpact\tof\tthe\tcoronavirus\tdisease\t(\u201cCOVID-19\u201d)\npandemic\ton\tour\tbusiness,\tour\tstrategy,\tfuture\toperations,\tfuture\tfinancial\tposition,\tfuture\trevenues,\tprojected\tcosts,\tprofitability,\texpected\tcost\treductions,\ncapital\tadequacy,\texpectations\tregarding\tdemand\tand\tacceptance\tfor\tour\ttechnologies,\tgrowth\topportunities\tand\ttrends\tin\tthe\tmarket\tin\twhich\twe\toperate,\nprospects\tand\tplans\tand\tobjectives\tof\tmanagement.\tThe\twords\t\u201canticipates,\u201d\t\u201cbelieves,\u201d\t\u201ccould,\u201d\t\u201cestimates,\u201d\t\u201cexpects,\u201d\t\u201cintends,\u201d\t\u201cmay,\u201d\t\u201cplans,\u201d\t\u201cprojects,\u201d\n\u201cwill,\u201d\t\u201cwould\u201d\tand\tsimilar\texpressions\tare\tintended\tto\tidentify\tforward-looking\tstatements,\talthough\tnot\tall\tforward-looking\tstatements\tcontain\tthese\nidentifying\twords.\tWe\tmay\tnot\tactually\tachieve\tthe\tplans,\tintentions\tor\texpectations\tdisclosed\tin\tour\tforward-looking\tstatements\tand\tyou\tshould\tnot\tplace\nundue\treliance\ton\tour\tforward-looking\tstatements.\tActual\tresults\tor\tevents\tcould\tdiffer\tmaterially\tfrom\tthe\tplans,\tintentions\tand\texpectations\tdisclosed\tin\tthe\nforward-looking\tstatements\tthat\twe\tmake.\n\tThese\tforward-looking\tstatements\tinvolve\trisks\tand\tuncertainties\tthat\tcould\tcause\tour\tactual\tresults\tto\tdiffer\nmaterially\tfrom\tthose\tin\tthe\tforward-looking\tstatements,\tincluding,\twithout\tlimitation,\tthe\trisks\tset\tforth\tin\tPart\tI,\tItem\t1A,\t\u201cRisk\tFactors\u201d\tin\tthis\tAnnual\tReport\non\tForm\t10-K\tand\tin\tour\tother\tfilings\twith\tthe\tSecurities\tand\tExchange\tCommission.\tWe\tdo\tnot\tassume\tany\tobligation\tto\tupdate\tany\tforward-looking"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7467e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 2, "chroma:document": "statements.\n\t\n3"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d746e2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 3, "chroma:document": "PART\tI\nITEM\t1.\nBUSINESS\nOverview\nWe\tdesign,\tdevelop,\tmanufacture,\tsell\tand\tlease\thigh-performance\tfully\telectric\tvehicles\tand\tenergy\tgeneration\tand\tstorage\tsystems,\tand\toffer\tservices\nrelated\tto\tour\tsustainable\tenergy\tproducts.\tWe\tgenerally\tsell\tour\tproducts\tdirectly\tto\tcustomers,\tincluding\tthrough\tour\twebsite\tand\tretail\tlocations.\tWe\talso\ncontinue\tto\tgrow\tour\tcustomer-facing\tinfrastructure\tthrough\ta\tglobal\tnetwork\tof\tvehicle\tservice\tcenters,\tMobile\tService\ttechnicians,\tbody\tshops,\tSupercharger\nstations\tand\tDestination\tChargers\tto\taccelerate\tthe\twidespread\tadoption\tof\tour\tproducts.\tWe\temphasize\tperformance,\tattractive\tstyling\tand\tthe\tsafety\tof\tour\nusers\tand\tworkforce\tin\tthe\tdesign\tand\tmanufacture\tof\tour\tproducts\tand\tare\tcontinuing\tto\tdevelop\tfull\tself-driving\ttechnology\tfor\timproved\tsafety.\tWe\talso\tstrive\nto\tlower\tthe\tcost\tof\townership\tfor\tour\tcustomers\tthrough\tcontinuous\tefforts\tto\treduce\tmanufacturing\tcosts\tand\tby\toffering\tfinancial\tservices\ttailored\tto\tour\nproducts.\tOur\tmission\tto\taccelerate\tthe\tworld\u2019s\ttransition\tto\tsustainable\tenergy,\tengineering\texpertise,\tvertically\tintegrated\tbusiness\tmodel\tand\tfocus\ton\tuser\nexperience\tdifferentiate\tus\tfrom\tother\tcompanies.\nSegment\tInformation\nWe\toperate\tas\ttwo\treportable\tsegments:\t(i)\tautomotive\tand\t(ii)\tenergy\tgeneration\tand\tstorage.\nThe\tautomotive\tsegment\tincludes\tthe\tdesign,\tdevelopment,\tmanufacturing,\tsales\tand\tleasing\tof\telectric\tvehicles\tas\twell\tas\tsales\tof\tautomotive\nregulatory\tcredits.\tAdditionally,\tthe\tautomotive\tsegment\tis\talso\tcomprised\tof\tservices\tand\tother,\twhich\tincludes\tnon-warranty\tafter-sales\tvehicle\tservices,\tsales\nof\tused\tvehicles,\tretail\tmerchandise,\tsales\tby\tour\tacquired\tsubsidiaries\tto\tthird\tparty\tcustomers\tand\tvehicle\tinsurance\trevenue.\tThe\tenergy\tgeneration\tand"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7473c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 3, "chroma:document": "storage\tsegment\tincludes\tthe\tdesign,\tmanufacture,\tinstallation,\tsales\tand\tleasing\tof\tsolar\tenergy\tgeneration\tand\tenergy\tstorage\tproducts\tand\trelated\tservices\nand\tsales\tof\tsolar\tenergy\tsystems\tincentives.\nOur\tProducts\tand\tServices\nAutomotive\nModel\t3\nModel\t3\tis\ta\tfour-door\tmid-size\tsedan\tthat\twe\tdesigned\tfor\tmanufacturability\twith\ta\tbase\tprice\tfor\tmass-market\tappeal,\twhich\twe\tbegan\tdelivering\tin\nJuly\t2017.\tWe\tcurrently\tmanufacture\tModel\t3\tat\tthe\tFremont\tFactory\tand\tat\tGigafactory\tShanghai.\nModel\tY\nModel\tY\tis\ta\tcompact\tsport\tutility\tvehicle\t(\u201cSUV\u201d)\tbuilt\ton\tthe\tModel\t3\tplatform\twith\tseating\tfor\tup\tto\tseven\tadults,\twhich\twe\tbegan\tdelivering\tin\tMarch\n2020.\tWe\tcurrently\tmanufacture\tModel\tY\tat\tthe\tFremont\tFactory\tand\tat\tGigafactory\tShanghai.\nModel\tS\tand\tModel\tX\nModel\tS\tis\ta\tfour-door\tfull-size\tsedan\tthat\twe\tbegan\tdelivering\tin\tJune\t2012.\tModel\tX\tis\ta\tmid-size\tSUV\twith\tseating\tfor\tup\tto\tseven\tadults,\twhich\twe\nbegan\tdelivering\tin\tSeptember\t2015.\tModel\tS\tand\tModel\tX\tfeature\tthe\thighest\tperformance\tcharacteristics\tand\tlongest\tranges\tthat\twe\toffer\tin\ta\tsedan\tand\nSUV,\trespectively,\tand\twe\tmanufacture\tboth\tmodels\tat\tthe\tFremont\tFactory.\nFuture\tConsumer\tand\tCommercial\tElectric\tVehicles\nWe\thave\talso\tannounced\tseveral\tplanned\telectric\tvehicles\tto\taddress\tadditional\tvehicle\tmarkets,\tincluding\tspecialized\tconsumer\telectric\tvehicles\tin\nCybertruck\tand\tthe\tnew\tTesla\tRoadster\tand\ta\tcommercial\telectric\tvehicle\tin\tTesla\tSemi.\tWe\talso\tplan\tto\tintroduce\tin\tthe\tfuture\ta\tlower-cost\tvehicle\tto\tleverage\ndevelopments\tin\tour\tproprietary\tFull\tSelf-Driving\t(\u201cFSD\u201d),\tbattery\tcell\tand\tother\ttechnologies.\nEnergy\tGeneration\tand\tStorage\nEnergy\tStorage\tProducts"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d74796-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 3, "chroma:document": "Energy\tGeneration\tand\tStorage\nEnergy\tStorage\tProducts\nWe\tbegan\tdeliveries\tof\tthe\tmost\trecent\tgenerations\tof\tPowerwall,\tPowerpack\tand\tMegapack,\twhich\tare\tour\tlithium-ion\tbattery\tenergy\tstorage\tproducts\nintegrated\twith\tinverters\tand\tcontrol\ttechnology,\tin\t2016,\t2017\tand\t2019,\trespectively.\tPowerwall\tis\tdesigned\tto\tstore\tenergy\tat\ta\thome\tor\tsmall\tcommercial\nfacility.\tMegapack\tand\tPowerpack\tare\tenergy\tstorage\tsolutions\tfor\tcommercial,\tindustrial,\tutility\tand\tenergy\tgeneration\tcustomers,\twhich\tmay\tbe\tgrouped\ntogether\tto\tform\tlarger\tinstallations\tcapable\tof\treaching\tgigawatt\thours\t(\u201cGWh\u201d)\tor\tgreater.\tWe\talso\toffer\tintegrated\tsystems\tcombining\tenergy\tgeneration\tand\nstorage.\tOur\tenergy\tstorage\tproducts\tare\tcurrently\tassembled\tat\tGigafactory\tNevada.\n4"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d747f0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 4, "chroma:document": "We\t\nhave\t\nalso\tdevelop\ned\n\tsoftware\tcapabilities\tfor\t\nremotely\t\ncontrol\nling\n\tand\tdispatch\ning\n\t\nour\n\tenergy\tstorage\tsystems\tacross\ta\twide\trange\tof\tmarkets\tand\napplications\n,\tincluding\tthrough\tour\treal-time\tenergy\ttrading\tplatform\n.\nSolar\tEnergy\tOfferings\nWe\tsell\tretrofit\tsolar\tenergy\tsystems\tto\tcustomers\tand\tchannel\tpartners\tand\talso\tmake\tthem\tavailable\tthrough\tlease\tand\tpower\tpurchase\tagreement\n(\u201cPPA\u201d)\tarrangements\tand\ta\tsubscription-based\tsale\tof\tsolar\tpower,\twhich\tis\tcurrently\tavailable\tin\tlimited\tU.S.\tmarkets.\tWe\tpurchase\tmost\tof\tthe\tcomponents\nfor\tour\tretrofit\tsolar\tenergy\tsystems\tfrom\tmultiple\tsources\tto\tensure\tcompetitive\tpricing\tand\tadequate\tsupply.\tWe\talso\tdesign\tand\tmanufacture\tcertain\ncomponents\tfor\tour\tsolar\tenergy\tproducts.\nIn\t2019,\twe\tcommenced\tdirect\tcustomer\tand\tchannel\tpartner\tsales\tof\tthe\tthird\tgeneration\tof\tour\tSolar\tRoof,\twhich\tcombines\tpremium\tglass\troof\ttiles\nwith\tenergy\tgeneration.\tWe\tare\tramping\tthe\tvolume\tproduction\tof\tSolar\tRoof\tat\tGigafactory\tNew\tYork,\tand\twe\tare\timproving\tour\tinstallation\tcapability\tand\nefficiency.\nTechnology\nAutomotive\nBattery\tand\tPowertrain\nOur\tcore\tvehicle\ttechnology\tcompetencies\tinclude\tpowertrain\tengineering\tand\tmanufacturing\tand\tour\tability\tto\tdesign\tvehicles\tthat\tutilize\tthe\tunique\nadvantages\tof\tan\telectric\tpowertrain.\tWe\thave\tdesigned\tour\tproprietary\tpowertrain\tsystems\tto\tbe\tadaptable,\tefficient,\treliable\tand\tcost-effective\twhile\nwithstanding\tthe\trigors\tof\tan\tautomotive\tenvironment.\tWe\toffer\tdual\tmotor\tpowertrain\tvehicles,\twhich\tuse\ttwo\telectric\tmotors\tto\tmaximize\ttraction\tand\nperformance\tin\tan\tall-wheel\tdrive\tconfiguration,\tand\tare\tintroducing\tvehicle\tpowertrain\ttechnology\tfeaturing\tthree\telectric\tmotors\tfor\tfurther\tincreased\nperformance."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7484a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 4, "chroma:document": "performance.\nAmong\tother\tthings,\twe\tmaintain\textensive\ttesting\tand\tR&D\tcapabilities\tfor\tbattery\tcells,\tpacks\tand\tsystems,\tand\thave\tbuilt\tan\texpansive\tbody\tof\nknowledge\ton\tlithium-ion\tcell\tchemistry\ttypes\tand\tperformance\tcharacteristics.\tIn\torder\tto\tenable\ta\tgreater\tsupply\tof\tcells\tfor\tour\tproducts\twith\thigher\tenergy\ndensity\tat\tlower\tcosts,\twe\tare\tcurrently\tusing\tour\texpertise\tto\tdevelop\ta\tnew\tproprietary\tlithium-ion\tbattery\tcell\tand\timproved\tmanufacturing\tprocesses.\nVehicle\tControl\tand\tInfotainment\tSoftware\nThe\tperformance\tand\tsafety\tsystems\tof\tour\tvehicles\tand\ttheir\tbattery\tpacks\trequire\tsophisticated\tcontrol\tsoftware.\tControl\tsystems\tin\tour\tvehicles\noptimize\tperformance,\tcustomize\tvehicle\tbehavior,\tmanage\tcharging\tand\tcontrol\tall\tinfotainment\tfunctions.\tWe\tdevelop\talmost\tall\tof\tthis\tsoftware,\tincluding\nmost\tof\tthe\tuser\tinterfaces,\tinternally\tand\tupdate\tour\tvehicles\u2019\tsoftware\tregularly\tthrough\tover-the-air\tupdates.\nSelf-Driving\tDevelopment\nWe\thave\texpertise\tin\tdeveloping\ttechnologies,\tsystems\tand\tsoftware\tto\tenable\tself-driving\tvehicles\tusing\tprimarily\tvision\tand\tradar-based\tsensors.\tOur\nFSD\tComputer\truns\tour\tneural\tnetworks\tin\tour\tvehicles,\tand\twe\tare\talso\tdeveloping\tadditional\tcomputer\thardware\tto\tbetter\tenable\tthe\tmassive\tamounts\tof\nfield\tdata\tcaptured\tby\tour\tvehicles\tto\tcontinually\ttrain\tand\timprove\tthese\tneural\tnetworks\tfor\treal-world\tperformance.\nCurrently,\twe\toffer\tin\tour\tvehicles\tcertain\tadvanced\tdriver\tassist\tsystems\tunder\tour\tAutopilot\tand\tFSD\toptions.\tAlthough\tat\tpresent\tthe\tdriver\tis\nultimately\tresponsible\tfor\tcontrolling\tthe\tvehicle,\tour\tsystems\tprovide\tsafety\tand\tconvenience\tfunctionality\tthat\trelieves\tdrivers\tof\tthe\tmost\ttedious\tand"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d748a4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 4, "chroma:document": "potentially\tdangerous\taspects\tof\troad\ttravel\tmuch\tlike\tthe\tsystem\tthat\tairplane\tpilots\tuse,\twhen\tconditions\tpermit.\tAs\twith\tother\tvehicle\tsystems,\twe\timprove\nthese\tfunctions\tin\tour\tvehicles\tover\ttime\tthrough\tover-the-air\tupdates.\nWe\tintend\tto\testablish\tin\tthe\tfuture\tan\tautonomous\tTesla\tride-hailing\tnetwork,\twhich\twe\texpect\twould\talso\tallow\tus\tto\taccess\ta\tnew\tcustomer\tbase\teven\nas\tmodes\tof\ttransportation\tevolve.\nEnergy\tGeneration\tand\tStorage\nEnergy\tStorage\tProducts\nWe\tleverage\tmany\tof\tthe\tcomponent-level\ttechnologies\tfrom\tour\tvehicles\tin\tour\tenergy\tstorage\tproducts.\tBy\ttaking\ta\tmodular\tapproach\tto\tthe\tdesign\tof\nbattery\tsystems,\twe\tcan\toptimize\tmanufacturing\tcapacity\tamong\tour\tenergy\tstorage\tproducts.\tAdditionally,\tour\texpertise\tin\tpower\telectronics\tenables\tus\tto\ninterconnect\tour\tbattery\tsystems\tseamlessly\twith\tglobal\telectricity\tgrids\twhile\tproviding\tfast-acting\tsystems\tfor\tpower\tinjection\tand\tabsorption.\tWe\thave\talso\ndeveloped\tthe\tsoftware\tto\tremotely\tcontrol\tand\tdispatch\tour\tenergy\tstorage\tsystems\tusing\tour\treal-time\tenergy\ttrading\tplatform.\n5"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d748fe-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 5, "chroma:document": "Solar\tEnergy\tSystems\nWe\thave\tengineered\tSolar\tRoof\tover\tnumerous\titerations\tto\tcombine\taesthetic\tappeal\tand\tdurability\twith\tpower\tgeneration.\tThe\tefficiency\tof\tour\tsolar\nenergy\tproducts\tis\taided\tby\tour\town\tsolar\tinverter,\twhich\talso\tincorporates\tour\tpower\telectronics\ttechnologies.\tWe\tdesigned\tboth\tproducts\tto\tintegrate\twith\nPowerwall.\nDesign\tand\tEngineering\nAutomotive\nWe\thave\testablished\tsignificant\tin-house\tcapabilities\tin\tthe\tdesign\tand\ttest\tengineering\tof\telectric\tvehicles\tand\ttheir\tcomponents\tand\tsystems.\tOur\tteam\nhas\tcore\tcompetencies\tin\tcomputer\taided\tdesign\tas\twell\tas\tdurability,\tstrength\tand\tcrash\ttest\tsimulations,\twhich\treduces\tthe\tproduct\tdevelopment\ttime\tof\tnew\nmodels.\tAdditionally,\tour\tteam\thas\texpertise\tin\tselecting\tand\tworking\twith\ta\trange\tof\tmaterials\tfor\tour\tvehicles\tto\tbalance\tperformance,\tcost\tand\tdurability\tin\nways\tthat\tare\tbest\tsuited\tfor\tour\tvehicles\u2019\ttarget\tdemographics\tand\tutility.\tWe\thave\talso\tused\tour\tcapabilities\tto\tachieve\tcomplex\tengineering\tfeats\tin\tstamping,\ncasting\tand\tthermal\tsystems,\tand\tare\tcurrently\tdeveloping\tdesigns\tthat\tintegrate\tbatteries\tdirectly\twith\tvehicle\tbody\tstructures\twithout\tseparate\tbattery\tpacks\nto\toptimize\tmanufacturability,\tweight,\trange\tand\tcost\tcharacteristics.\nWe\tare\talso\texpanding\tour\tmanufacturing\toperations\tglobally\twhile\texploring\tways\tto\tlocalize\tour\tvehicle\tdesigns\tand\tproduction\tfor\tparticular\tmarkets,\nincluding\tcountry-specific\tmarket\tdemands\tand\tfactory\toptimizations\tfor\tlocal\tworkforces.\tAs\twe\tincrease\tour\tcapabilities,\tparticularly\tin\tthe\tareas\tof\nautomation,\tdie-making\tand\tline-building,\twe\tare\talso\tmaking\tstrides\tin\tthe\tsimulations\tmodeling\tthese\tcapabilities\tprior\tto\tconstruction.\nEnergy\tGeneration\tand\tStorage"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d74962-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 5, "chroma:document": "Energy\tGeneration\tand\tStorage\nOur\texpertise\tin\telectrical,\tmechanical,\tcivil\tand\tsoftware\tengineering\tallows\tus\tto\tdesign\tand\tmanufacture\tour\tenergy\tgeneration\tand\tstorage\tproducts\nand\tcomponents.\tWe\talso\temploy\tour\tdesign\tand\tengineering\texpertise\tto\tcustomize\tsolutions\tincluding\tour\tenergy\tstorage\tproducts,\tsolar\tenergy\tsystems\nand/or\tSolar\tRoof\tfor\tcustomers\tto\tmeet\ttheir\tspecific\tneeds.\tWe\thave\tdeveloped\tsoftware\tthat\tsimplifies\tand\texpedites\tthe\tdesign\tprocess\tand\tmaximizes\tthe\nenergy\tproduction\tof\teach\tsolar\tenergy\tsystem,\tas\twell\tas\tmounting\thardware\tthat\tfacilitates\tsolar\tpanel\tinstallation.\nSales\tand\tMarketing\nHistorically,\twe\thave\tbeen\table\tto\tgenerate\tsignificant\tmedia\tcoverage\tof\tour\tcompany\tand\tour\tproducts,\tand\twe\tbelieve\twe\twill\tcontinue\tto\tdo\tso.\tSuch\nmedia\tcoverage\tand\tword\tof\tmouth\tare\tthe\tcurrent\tprimary\tdrivers\tof\tour\tsales\tleads\tand\thave\thelped\tus\tachieve\tsales\twithout\ttraditional\tadvertising\tand\tat\nrelatively\tlow\tmarketing\tcosts.\nAutomotive\nDirect\tSales\nOur\tvehicle\tsales\tchannels\tcurrently\tinclude\tour\twebsite\tand\tan\tinternational\tnetwork\tof\tcompany-owned\tstores.\t\nIn\tsome\tjurisdictions,\twe\talso\thave\ngalleries\tto\teducate\tand\tinform\tcustomers\tabout\tour\tproducts,\tbut\tsuch\tlocations\tdo\tnot\tactually\ttransact\tin\tthe\tsale\tof\tvehicles.\t\nWe\tbelieve\tthis\tinfrastructure\nenables\tus\tto\tbetter\tcontrol\tcosts\tof\tinventory,\tmanage\twarranty\tservice\tand\tpricing,\teducate\tconsumers\tabout\telectric\tvehicles,\tmaintain\tand\tstrengthen\tthe\nTesla\tbrand\tand\tobtain\trapid\tcustomer\tfeedback.\nWe\treevaluate\tour\tsales\tstrategy\tboth\tglobally\tand\tat\ta\tlocation-by-location\tlevel\tfrom\ttime\tto\ttime\tto\toptimize\tour\tcurrent\tsales\tchannels.\t\nSales\tof"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d749bc-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 5, "chroma:document": "Sales\tof\nvehicles\tin\tthe\tautomobile\tindustry\ttend\tto\tbe\tcyclical\tin\tmany\tmarkets,\twhich\tmay\texpose\tus\tto\tvolatility\tfrom\ttime\tto\ttime.\nUsed\tVehicle\tSales\nOur\tused\tvehicle\tbusiness\tsupports\tnew\tvehicle\tsales\tby\tintegrating\tthe\ttrade-in\tof\ta\tcustomer\u2019s\texisting\tTesla\tor\tnon-Tesla\tvehicle\twith\tthe\tsale\tof\ta\nnew\tor\tused\tTesla\tvehicle.\tThe\tTesla\tand\tnon-Tesla\tvehicles\twe\tacquire\tas\ttrade-ins\tare\tsubsequently\tremarketed,\teither\tdirectly\tby\tus\tor\tthrough\tthird\tparties.\nWe\talso\tremarket\tused\tTesla\tvehicles\tacquired\tfrom\tother\tsources\tincluding\tlease\treturns.\nPublic\tCharging\nWe\thave\ta\tgrowing\tglobal\tnetwork\tof\tTesla\tSuperchargers,\twhich\tare\tour\tindustrial\tgrade,\thigh-speed\tvehicle\tchargers.\tWhere\tpossible,\twe\tco-locate\nSuperchargers\twith\tour\tsolar\tand\tenergy\tstorage\tsystems\tto\treduce\tcosts\tand\tpromote\trenewable\tpower.\tSupercharger\tstations\tare\ttypically\tplaced\talong\twell-\ntraveled\troutes\tand\tin\tand\taround\tdense\tcity\tcenters\tto\tallow\tTesla\tvehicle\towners\tthe\tability\tto\tenjoy\tquick,\treliable\tand\tubiquitous\tcharging\twith\tconvenient,\nminimal\tstops.\tUse\tof\tthe\tSupercharger\tnetwork\teither\trequires\tpayment\tof\ta\tfee\tor\tis\tfree\tunder\tcertain\tsales\tprograms.\n6"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d74a16-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 6, "chroma:document": "We\talso\twork\twith\ta\twide\tvariety\tof\thospitality,\tretail\tand\tpublic\tdestinations,\tas\twell\tas\tbusinesses\twith\tcommuting\temployees,\tto\toffer\tadditional\ncharging\toptions\tfor\tour\tcustomers.\tThese\tDestination\tCharging\tand\tworkplace\tlocations\tdeploy\tTesla\tWall\tConnectors\tto\tprovide\tcharging\tto\tTesla\tvehicle\nowners\twho\tpatronize\tor\tare\temployed\tat\ttheir\tbusinesses.\t\nWe\talso\twork\twith\tsingle-family\thomeowners\tand\tmulti-family\tresidential\tentities\tto\tdeploy\thome\ncharging\tsolutions.\nIn-App\tUpgrades\nAs\tour\tvehicles\tare\tcapable\tof\tbeing\tupdated\tremotely\tover-the-air,\tour\tcustomers\tmay\tpurchase\tadditional\tpaid\toptions\tand\tfeatures\tthrough\tthe\tTesla\napp.\tWe\texpect\tthat\tthis\tfunctionality\twill\talso\tallow\tus\tto\toffer\tcertain\toptions\tand\tfeatures\ton\ta\tsubscription\tbasis\tin\tthe\tfuture.\nEnergy\tGeneration\tand\tStorage\nWe\tmarket\tand\tsell\tour\tsolar\tand\tenergy\tstorage\tproducts\tto\tresidential,\tcommercial\tand\tindustrial\tcustomers\tand\tutilities\tthrough\ta\tvariety\tof\tchannels.\nWe\temphasize\tsimplicity,\tstandardization\tand\taccessibility\tto\tmake\tit\teasy\tand\tcost-effective\tfor\tcustomers\tto\tadopt\tclean\tenergy,\twhile\treducing\tour\tcustomer\nacquisition\tcosts.\nIn\tthe\tU.S.,\twe\toffer\tresidential\tsolar\tand\tenergy\tstorage\tproducts\tdirectly\tthrough\tour\twebsite,\tstores\tand\tgalleries,\tas\twell\tas\tthrough\tour\tnetwork\tof\nchannel\tpartners.\tOutside\tof\tthe\tU.S.,\twe\tuse\tour\tinternational\tsales\torganization\tand\ta\tnetwork\tof\tchannel\tpartners\tto\tmarket\tand\tsell\tthese\tproducts\tfor\tthe\nresidential\tmarket.\tWe\talso\tsell\tPowerwall\tdirectly\tto\tutilities.\tIn\tthe\tcase\tof\tproducts\tsold\tto\tutilities\tor\tchannel\tpartners,\tsuch\tpartners\ttypically\tsell\tthe\nproduct\tand\tmanage\tthe\tinstallation\tin\tcustomer\thomes."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d74a70-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 6, "chroma:document": "product\tand\tmanage\tthe\tinstallation\tin\tcustomer\thomes.\nWe\tsell\tour\tcommercial\tand\tutility-scale\tenergy\tstorage\tsystems\tto\tcustomers\tthrough\tour\tU.S.\tand\tinternational\tsales\torganization\tand\tour\tchannel\npartner\tnetwork.\tIn\tcertain\tjurisdictions,\twe\talso\tsell\tinstalled\tsolar\tenergy\tsystems\t(with\tor\twithout\tenergy\tstorage)\tto\tcommercial\tcustomers\tthrough\tcash,\nlease\tand\tPPA\ttransactions.\nService\tand\tWarranty\nAutomotive\nService\nWe\tprovide\tservice\tfor\tour\telectric\tvehicles\tat\tour\tcompany-owned\tservice\tlocations\tand\tthrough\tTesla\tMobile\tService\ttechnicians\twho\tperform\twork\nremotely\tat\tcustomers\u2019\thomes\tor\tother\tlocations.\tPerforming\tvehicle\tservice\tourselves\tprovides\tus\twith\tthe\tcapability\tto\tidentify\tproblems\tand\timplement\nsolutions\tand\timprovements\tfaster,\tand\toptimize\tlogistics\tand\tinventory\tbetter,\tthan\ttraditional\tautomobile\tmanufacturers\tand\ttheir\tdealer\tnetworks.\tThe\nconnectivity\tof\tour\tvehicles\talso\tallows\tus\tto\tdiagnose\tand\tremedy\tmany\tproblems\tremotely\tand\tproactively.\nVehicle\tLimited\tWarranties\tand\tExtended\tService\tPlans\nWe\tprovide\ta\tmanufacturer\u2019s\tlimited\twarranty\ton\tall\tnew\tand\tused\tTesla\tvehicles\twe\tsell,\twhich\tmay\tinclude\tseparate\tlimited\twarranties\ton\tcertain\ncomponents,\tspecific\ttypes\tof\tdamage\tor\tbattery\tcapacity\tretention.\tWe\talso\tcurrently\toffer\textended\tservice\tplans\tthat\tprovide\tcoverage\tbeyond\tthe\tnew\nvehicle\tlimited\twarranties\tfor\tcertain\tmodels\tin\tspecified\tregions.\nEnergy\tGeneration\tand\tStorage\nWe\tprovide\tservice\tand\trepairs\tto\tour\tenergy\tproduct\tcustomers,\tincluding\tunder\twarranty\twhere\tapplicable.\nEnergy\tStorage\tSystems\nWe\tgenerally\tprovide\tmanufacturer\u2019s\tlimited\twarranties\twith\tevery\tnew\tenergy\tstorage\tproduct\tand\toffer\tcertain\textended\tlimited\twarranties\tthat\tare"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d74aca-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 6, "chroma:document": "available\tat\tthe\ttime\tof\tpurchase\tof\tthe\tsystem.\tIf\twe\tinstall\ta\tsystem,\twe\talso\tprovide\tcertain\tlimited\twarranties\ton\tour\tinstallation\tworkmanship.\tAs\tpart\tof\tour\nenergy\tstorage\tsystem\tcontracts,\twe\tmay\tprovide\tthe\tcustomer\twith\tperformance\tguarantees\tthat\twarrant\tthat\tthe\tunderlying\tsystem\twill\tmeet\tor\texceed\tthe\nminimum\tenergy\tperformance\trequirements\tspecified\tin\tthe\tcontract.\nSolar\tEnergy\tSystems\nFor\tretrofit\tsolar\tenergy\tsystems,\twe\tprovide\tseparate\tlimited\twarranties\tfor\tworkmanship\tand\tagainst\troof\tleaks,\tand\tfor\tSolar\tRoof,\twe\tprovide\tlimited\nwarranties\tfor\tdefects\tand\tweatherization.\tFor\tcomponents\tnot\tmanufactured\tby\tus,\twe\tgenerally\tpass-through\tthe\tapplicable\tmanufacturers\u2019\twarranties.\tAs\npart\tof\tour\tsolar\tenergy\tsystem\tcontracts,\twe\tmay\tprovide\tthe\tcustomer\twith\tperformance\tguarantees\tthat\twarrant\tthat\tthe\tunderlying\tsystem\twill\tmeet\tor\nexceed\tthe\tminimum\tenergy\tgeneration\trequirements\tspecified\tin\tthe\tcontract.\n7"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d74b2e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 7, "chroma:document": "Financial\tServices\nAutomotive\nPurchase\tFinancing\tand\tLeases\nWe\toffer\tleasing\tand/or\tloan\tfinancing\tarrangements\tfor\tour\tvehicles\tin\tcertain\tjurisdictions\tin\tNorth\tAmerica,\tEurope\tand\tAsia\tthrough\tvarious\tfinancial\ninstitutions.\tUnder\tcertain\tof\tsuch\tprograms,\twe\thave\tprovided\tresale\tvalue\tguarantees\tor\tbuyback\tguarantees\tthat\tmay\tobligate\tus\tto\trepurchase\tthe\tsubject\nvehicles\tat\tpre-determined\tvalues.\t\nWe\talso\toffer\tvehicle\tfinancing\tarrangements\tin\tcertain\tmarkets\tfor\tspecified\tvehicle\tmodels\tdirectly\tthrough\tour\tlocal\nsubsidiaries.\nInsurance\nIn\tAugust\t2019,\twe\tlaunched\tan\tinsurance\tproduct\tdesigned\tfor\tour\tcustomers,\twhich\toffers\trates\tthat\tare\toften\tbetter\tthan\tother\talternatives.\tThis\nproduct\tis\tcurrently\tavailable\tin\tCalifornia,\tand\twe\tplan\tto\texpand\tboth\tthe\tmarkets\tin\twhich\twe\toffer\tinsurance\tproducts\tand\tour\tability\tto\toffer\tsuch\tproducts,\nas\tpart\tof\tour\tongoing\teffort\tto\tdecrease\tthe\ttotal\tcost\tof\townership\tfor\tour\tcustomers.\nEnergy\tGeneration\tand\tStorage\nEnergy\tStorage\tSystems\nWe\tcurrently\toffer\tcertain\tloan,\tlease\tand/or\tPPA\toptions\tto\tresidential\tor\tcommercial\tcustomers\twho\tpair\tenergy\tstorage\tsystems\twith\tsolar\tenergy\nsystems.\tWe\tintend\tto\tintroduce\tfinancial\tservices\tofferings\tfor\tcustomers\twho\tpurchase\tstandalone\tenergy\tstorage\tproducts\tin\tthe\tfuture.\nSolar\tEnergy\tSystems\nWe\toffer\tvarious\tfinancing\toptions\tto\tour\tsolar\tcustomers.\tOur\tsolar\tloan\toffers\tthird-party\tfinancing\tto\tenable\tthe\tcustomer\tto\tpurchase\tand\town\ta\tsolar\nenergy\tsystem.\tWe\tare\tnot\ta\tparty\tto\tthe\tloan\tagreement,\tand\tthe\tthird-party\tlender\thas\tno\trecourse\tagainst\tus\twith\trespect\tto\tthe\tloan.\tOur\tsolar\tlease\toffers"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d74b9c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 7, "chroma:document": "customers\ta\tfixed\tmonthly\tfee\tat\trates\tthat\ttypically\ttranslate\tinto\tlower\tmonthly\tutility\tbills\tand\tan\telectricity\tproduction\tguarantee.\tOur\tsolar\tPPA\tcharges\ncustomers\ta\tfee\tper\tkilowatt-hour\tbased\ton\tthe\tamount\tof\telectricity\tproduced\tby\tour\tsolar\tenergy\tsystems.\tWe\tmonetize\tthe\tcustomer\tpayments\twe\treceive\nfrom\tour\tleases\tand\tPPAs\tthrough\tfunds\twe\thave\tformed\twith\tinvestors.\tWe\talso\tintend\tto\tintroduce\tfinancial\tservices\tofferings\tfor\tour\tSolar\tRoof\tcustomers\tin\nthe\tfuture.\nManufacturing\nManufacturing\tFacilities\tin\tthe\tBay\tArea,\tCalifornia\nWe\tmanufacture\tand\ttest\tour\tvehicles\tat\tour\tmanufacturing\tfacilities\tin\tthe\tBay\tArea\tin\tCalifornia,\tincluding\tthe\tFremont\tFactory\tand\tother\tlocal\nmanufacturing\tfacilities.\tWe\talso\tmanufacture\tand\tdevelop\tcertain\tparts\tand\tcomponents\tthat\tare\tcritical\tto\tour\tintellectual\tproperty\tand\tquality\tstandards,\nsuch\tas\tModel\tS\tand\tModel\tX\tbattery\tpacks\tand\tour\tproprietary\tlithium-ion\tbattery\tcells,\tat\tthese\tlocations.\nGigafactory\tNevada\tnear\tReno,\tNevada\nWe\thave\tintegrated\tbattery\tmaterial,\tcell,\tmodule\tand\tbattery\tpack\tproduction\tfor\tModel\t3,\tModel\tY\tand\tour\tenergy\tproducts\tin\tone\tlocation\tat\nGigafactory\tNevada.\tIn\taddition,\twe\tmanufacture\tvehicle\tdrive\tunits\tand\tour\tenergy\tstorage\tproducts\tthere.\tGigafactory\tNevada\tallows\tus\tto\taccess\thigh\nvolumes\tof\tlithium-ion\tbattery\tcells\tmanufactured\tby\tour\tpartner\tPanasonic\tthere\twhile\tachieving\ta\tsignificant\treduction\tin\tthe\tcost\tof\tour\tbattery\tpacks.\tWe\ncontinue\tto\tinvest\tin\tGigafactory\tNevada\tto\tachieve\tadditional\toutput\tthere,\tincluding\tthrough\tour\tagreement\twith\tPanasonic.\nGigafactory\tNew\tYork\tin\tBuffalo,\tNew\tYork"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d74c00-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 7, "chroma:document": "We\tuse\tGigafactory\tNew\tYork\tfor\tthe\tdevelopment\tand\tproduction\tof\tour\tSolar\tRoof\tand\tother\tsolar\tproducts\tand\tcomponents,\tenergy\tstorage\ncomponents\tand\tSupercharger\tcomponents,\tand\tfor\tother\tlessor-approved\tfunctions.\nGigafactory\tShanghai\tin\tChina\nWe\testablished\tGigafactory\tShanghai\tto\tincrease\tthe\taffordability\tof\tour\tvehicles\tfor\tcustomers\tin\tlocal\tmarkets\tby\treducing\ttransportation\tand\nmanufacturing\tcosts\tand\teliminating\tthe\timpact\tof\tunfavorable\ttariffs.\tWe\tcontinue\tto\tincrease\tthe\tdegree\tof\tlocalized\tprocurement\tand\tmanufacturing\tthere.\nGigafactory\tShanghai\tis\trepresentative\tof\tour\tplan\tto\titeratively\timprove\tour\tmanufacturing\toperations\tas\twe\testablish\tnew\tfactories,\tas\twe\timplemented\tthe\nlearnings\tfrom\tour\tModel\t3\tramp\tat\tthe\tFremont\tFactory\tto\tcommence\tand\tramp\tour\tproduction\tthere\tquickly\tand\tcost-effectively.\n8"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d74c5a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 8, "chroma:document": "Other\tManufacturing\nGenerally,\twe\tcontinue\tto\texpand\tproduction\tcapacity\tat\tour\texisting\tfacilities.\tWe\talso\tintend\tto\tfurther\tincrease\tcost-competitiveness\tin\tour\tsignificant\nmarkets\tby\tstrategically\tadding\tlocal\tmanufacturing,\tincluding\tat\tGigafactory\tBerlin\tin\tGermany\tand\tGigafactory\tTexas\tin\tAustin,\tTexas,\twhich\tare\tunder\nconstruction.\nSupply\tChain\nOur\tproducts\tuse\tthousands\tof\tpurchased\tparts\tthat\tare\tsourced\tfrom\thundreds\tof\tsuppliers\tacross\tthe\tworld.\tWe\thave\tdeveloped\tclose\trelationships\nwith\tvendors\tof\tkey\tparts\tsuch\tas\tbattery\tcells,\telectronics\tand\tcomplex\tvehicle\tassemblies.\tCertain\tcomponents\tpurchased\tfrom\tthese\tsuppliers\tare\tshared\tor\nare\tsimilar\tacross\tmany\tproduct\tlines,\tallowing\tus\tto\ttake\tadvantage\tof\tpricing\tefficiencies\tfrom\teconomies\tof\tscale.\t\t\t\nAs\tis\tthe\tcase\tfor\tmost\tautomotive\tcompanies,\tmost\tof\tour\tprocured\tcomponents\tand\tsystems\tare\tsourced\tfrom\tsingle\tsuppliers.\tWhere\tmultiple\tsources\nare\tavailable\tfor\tcertain\tkey\tcomponents,\twe\twork\tto\tqualify\tmultiple\tsuppliers\tfor\tthem\twhere\tit\tis\tsensible\tto\tdo\tso\tin\torder\tto\tminimize\tproduction\trisks\nowing\tto\tdisruptions\tin\ttheir\tsupply.\tWe\talso\tmitigate\trisk\tby\tmaintaining\tsafety\tstock\tfor\tkey\tparts\tand\tassemblies\tand\tdie\tbanks\tfor\tcomponents\twith\tlengthy\nprocurement\tlead\ttimes.\t\t\nOur\tproducts\tuse\tvarious\traw\tmaterials\tincluding\taluminum,\tsteel,\tcobalt,\tlithium,\tnickel\tand\tcopper.\tPricing\tfor\tthese\tmaterials\tis\tgoverned\tby\tmarket\nconditions\tand\tmay\tfluctuate\tdue\tto\tvarious\tfactors\toutside\tof\tour\tcontrol,\tsuch\tas\tsupply\tand\tdemand\tand\tmarket\tspeculation.\tWe\tstrive\tto\texecute\tlong-term\nsupply\tcontracts\tfor\tsuch\tmaterials\tat\tcompetitive\tpricing\twhen\tfeasible,\tand\twe\tcurrently\tbelieve\tthat\twe\thave\tadequate\taccess\tto\traw\tmaterials\tsupplies\tin"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d74cb4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 8, "chroma:document": "order\tto\tmeet\tthe\tneeds\tof\tour\toperations.\nGovernmental\tPrograms,\tIncentives\tand\tRegulations\nGlobally,\tboth\tthe\toperation\tof\tour\tbusiness\tby\tus\tand\tthe\townership\tof\tour\tproducts\tby\tour\tcustomers\tare\timpacted\tby\tvarious\tgovernment\tprograms,\nincentives\tand\tother\tarrangements.\tOur\tbusiness\tand\tproducts\tare\talso\tsubject\tto\tnumerous\tgovernmental\tregulations\tthat\tvary\tamong\tjurisdictions.\nPrograms\tand\tIncentives\nCalifornia\tAlternative\tEnergy\tand\tAdvanced\tTransportation\tFinancing\tAuthority\tTax\tIncentives\nWe\thave\tagreements\twith\tthe\tCalifornia\tAlternative\tEnergy\tand\tAdvanced\tTransportation\tFinancing\tAuthority\tthat\tprovide\tmulti-year\tsales\ttax\nexclusions\ton\tpurchases\tof\tmanufacturing\tequipment\tthat\twill\tbe\tused\tfor\tspecific\tpurposes,\tincluding\tthe\texpansion\tand\tongoing\tdevelopment\tof\telectric\nvehicles\tand\tpowertrain\tproduction\tin\tCalifornia.\nGigafactory\tNevada\u2014Nevada\tTax\tIncentives\nIn\tconnection\twith\tthe\tconstruction\tof\tGigafactory\tNevada,\twe\tentered\tinto\tagreements\twith\tthe\tState\tof\tNevada\tand\tStorey\tCounty\tin\tNevada\tthat\nprovide\tabatements\tfor\tspecified\ttaxes,\tdiscounts\tto\tthe\tbase\ttariff\tenergy\trates\tand\ttransferable\ttax\tcredits\tin\tconsideration\tof\tcapital\tinvestment\tand\thiring\ntargets\tthat\twere\tmet\tat\tGigafactory\tNevada.\tThese\tincentives\tare\tavailable\tuntil\tJune\t2024\tor\tJune\t2034,\tdepending\ton\tthe\tincentive.\nGigafactory\tNew\tYork\u2014New\tYork\tState\tInvestment\tand\tLease\nWe\thave\ta\tlease\tthrough\tthe\tResearch\tFoundation\tfor\tthe\tState\tUniversity\tof\tNew\tYork\t(the\t\u201cSUNY\tFoundation\u201d)\twith\trespect\tto\tGigafactory\tNew\tYork.\nUnder\tthe\tlease\tand\ta\trelated\tresearch\tand\tdevelopment\tagreement,\twe\tare\tcontinuing\tto\tdesignate\tfurther\tbuildouts\tat\tthe\tfacility.\tWe\tare\trequired\tto\tcomply"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d74d0e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 8, "chroma:document": "with\tcertain\tcovenants,\tincluding\thiring\tand\tcumulative\tinvestment\ttargets.\nAs\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\tone-year\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.\nGigafactory\tShanghai\u2014Land\tUse\tRights\tand\tEconomic\tBenefits\nWe\thave\tan\tagreement\twith\tthe\tlocal\tgovernment\tof\tShanghai\tfor\tland\tuse\trights\tat\tGigafactory\tShanghai.\tUnder\tthe\tterms\tof\tthe\tarrangement,\twe\tare\nrequired\tto\tmeet\ta\tcumulative\tcapital\texpenditure\ttarget\tand\tan\tannual\ttax\trevenue\ttarget\tstarting\tat\tthe\tend\tof\t2023.\tIn\taddition,\tthe\tShanghai\tgovernment\nhas\tgranted\tto\tour\tGigafactory\tShanghai\tsubsidiary\tin\t2019\tand\t2020\tcertain\tincentives\tto\tbe\tused\tin\tconnection\twith\teligible\tcapital\tinvestments\tat\nGigafactory\tShanghai.\tFinally,\tthe\tShanghai\tgovernment\tgranted\ta\tbeneficial\tcorporate\tincome\ttax\trate\tof\t15%\tto\tcertain\teligible\tenterprises,\twhich\tis\tlower\nthan\tthe\t25%\tstatutory\tcorporate\tincome\ttax\trate\tin\tChina.\tOur\tGigafactory\tShanghai\tsubsidiary\twas\tgranted\tthis\tlower\trate\tfor\t2019\tthrough\t2023.\n9"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d74d68-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 9, "chroma:document": "Gigafactory\t\nBerlin\t\n\u2013\n\t\nPending\t\nGrant\nWe\thave\tapplied\tfor\ta\tgrant\twith\tthe\tGerman\tgovernment\tto\timprove\tthe\tdesign,\tchemistry,\tmanufacturing\ttechnology\tand\trecycling\tof\tlithium-ion\nbattery\tcells\tfor\tGigafactory\tBerlin.\tThe\tgrant\twas\tapproved\tby\tthe\tEuropean\tCommission\tin\tJanuary\t2021\tand\tits\timplementation\twill\tbe\tsubject\tto\ta\tgrant\nagreement\twith\tthe\tGerman\tgovernment.\nGigafactory\tTexas\t\u2013\tTax\tIncentives\nIn\tconnection\twith\tthe\tconstruction\tof\tGigafactory\tTexas,\twe\tentered\tinto\ta\t20-year\tagreement\twith\tTravis\tCounty\tin\tTexas\tpursuant\tto\twhich\twe\twould\nreceive\tgrant\tfunding\tequal\tto\t70-80%\tof\tproperty\ttaxes\tpaid\tby\tus\tto\tTravis\tCounty\tand\ta\tseparate\t10-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.\nRegulatory\tCredits\nWe\tearn\ttradable\tcredits\tin\tthe\toperation\tof\tour\tbusiness\tunder\tvarious\tregulations\trelated\tto\tzero-emission\tvehicles\t(\u201cZEVs\u201d),\tgreenhouse\tgas,\tfuel\neconomy,\trenewable\tenergy\tand\tclean\tfuel.\tWe\tsell\tthese\tcredits\tto\tother\tregulated\tentities\twho\tcan\tuse\tthe\tcredits\tto\tcomply\twith\temission\tstandards,\nrenewable\tenergy\tprocurement\tstandards\tand\tother\tregulatory\trequirements.\nEnergy\tStorage\tSystem\tIncentives\tand\tPolicies\nWhile\tthe\tregulatory\tregime\tfor\tenergy\tstorage\tprojects\tis\tstill\tunder\tdevelopment,\tthere\tare\tvarious\tpolicies,\tincentives\tand\tfinancial\tmechanisms\tat\tthe\nfederal,\tstate\tand\tlocal\tlevels\tthat\tsupport\tthe\tadoption\tof\tenergy\tstorage."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d74dc2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 9, "chroma:document": "For\texample,\tenergy\tstorage\tsystems\tthat\tare\tcharged\tusing\tsolar\tenergy\tmay\tbe\teligible\tfor\tthe\tsolar\tenergy-related\tU.S.\tfederal\ttax\tcredits\tdescribed\nbelow.\tThe\tFederal\tEnergy\tRegulatory\tCommission\t(\u201cFERC\u201d)\thas\talso\ttaken\tsteps\tto\tenable\tthe\tparticipation\tof\tenergy\tstorage\tin\twholesale\tenergy\tmarkets.\tIn\naddition,\tCalifornia\tand\ta\tnumber\tof\tother\tstates\thave\tadopted\tprocurement\ttargets\tfor\tenergy\tstorage,\tand\tbehind-the-meter\tenergy\tstorage\tsystems\tqualify\nfor\tfunding\tunder\tthe\tCalifornia\tSelf\tGeneration\tIncentive\tProgram.\nSolar\tEnergy\tSystem\tIncentives\tand\tPolicies\nU.S.\tfederal,\tstate\tand\tlocal\tgovernments\thave\testablished\tvarious\tpolicies,\tincentives\tand\tfinancial\tmechanisms\tto\treduce\tthe\tcost\tof\tsolar\tenergy\tand\nto\taccelerate\tthe\tadoption\tof\tsolar\tenergy.\tThese\tincentives\tinclude\ttax\tcredits,\tcash\tgrants,\ttax\tabatements\tand\trebates.\nIn\tparticular,\tSections\t48\tand\t25D\tof\tthe\tU.S.\tInternal\tRevenue\tCode\tcurrently\tprovide\ta\ttax\tcredit\tof\t26%\tof\tqualified\tcommercial\tor\tresidential\nexpenditures\tfor\tsolar\tenergy\tsystems,\twhich\tmay\tbe\tclaimed\tby\tour\tcustomers\tfor\tsystems\tthey\tpurchase,\tor\tby\tus\tfor\tarrangements\twhere\twe\town\tthe\nsystems.\tThese\ttax\tcredits\tare\tcurrently\tscheduled\tto\tdecline\tand/or\texpire\tin\t2023\tand\tbeyond.\nRegulations\nVehicle\tSafety\tand\tTesting\nIn\tthe\tU.S.,\tour\tvehicles\tare\tsubject\tto\tregulation\tby\tthe\tNational\tHighway\tTraffic\tSafety\tAdministration\t(\u201cNHTSA\u201d),\tincluding\tall\tapplicable\tFederal\nMotor\tVehicle\tSafety\tStandards\t(\u201cFMVSS\u201d)\tand\tthe\tNHTSA\tbumper\tstandard.\tNumerous\tFMVSS\tapply\tto\tour\tvehicles,\tsuch\tas\tcrash-worthiness\trequirements,"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d74e26-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 9, "chroma:document": "crash\tavoidance\trequirements\tand\telectric\tvehicle\trequirements.\tWhile\tour\tcurrent\tvehicles\tfully\tcomply\tand\twe\texpect\tthat\tour\tvehicles\tin\tthe\tfuture\twill\tfully\ncomply\twith\tall\tapplicable\tFMVSS\twith\tlimited\tor\tno\texemptions,\tFMVSS\tare\tsubject\tto\tchange\tfrom\ttime\tto\ttime.\tAs\ta\tmanufacturer,\twe\tmust\tself-certify\tthat\nour\tvehicles\tmeet\tall\tapplicable\tFMVSS\tand\tthe\tNHTSA\tbumper\tstandard,\tor\totherwise\tare\texempt,\tbefore\tthe\tvehicles\tmay\tbe\timported\tor\tsold\tin\tthe\tU.S.\nWe\tare\talso\trequired\tto\tcomply\twith\tother\tfederal\tlaws\tadministered\tby\tNHTSA,\tincluding\tthe\tCAFE\tstandards,\tTheft\tPrevention\tAct\trequirements,\nconsumer\tinformation\tlabeling\trequirements,\tEarly\tWarning\tReporting\trequirements\tregarding\twarranty\tclaims,\tfield\treports,\tdeath\tand\tinjury\treports\tand\nforeign\trecalls,\towner\u2019s\tmanual\trequirements\tand\tadditional\trequirements\tfor\tcooperating\twith\tsafety\tinvestigations\tand\tdefect\tand\trecall\treporting.\tThe\tU.S.\nAutomobile\tInformation\tand\tDisclosure\tAct\talso\trequires\tmanufacturers\tof\tmotor\tvehicles\tto\tdisclose\tcertain\tinformation\tregarding\tthe\tmanufacturer\u2019s\nsuggested\tretail\tprice,\toptional\tequipment\tand\tpricing.\tIn\taddition,\tfederal\tlaw\trequires\tinclusion\tof\tfuel\teconomy\tratings,\tas\tdetermined\tby\tthe\tU.S.\nDepartment\tof\tTransportation\tand\tthe\tEnvironmental\tProtection\tAgency\t(the\t\u201cEPA\u201d),\tand\t5-star\tsafety\tratings\tas\tdetermined\tby\tNHTSA,\tif\tavailable.\n10"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d74e76-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 10, "chroma:document": "Our\tvehicles\tsold\toutside\tof\tthe\tU.S.\tare\tsubject\tto\tsimilar\tforeign\tsafety,\tenvironmental\tand\tother\tregulations.\tMany\tof\tthose\tregulations\tare\tdifferent\nfrom\tthose\tapplicable\tin\tthe\tU.S.\tand\tmay\trequire\tredesign\tand/or\tretesting\n.\tSome\tof\tthose\tregulations\timpact\tor\tprevent\tthe\trollout\tof\tnew\tvehicle\tfeatures.\nAdditionally,\tt\nhe\tEuropean\tUnion\thas\testablished\tnew\trules\tregarding\tadditional\tcompliance\toversight\tthat\tcommence\nd\n\tin\t2020,\tand\tthere\tis\talso\tregulatory\nuncertainty\trelated\tto\tthe\tUnited\tKingdom\u2019s\twithdrawal\tfrom\tthe\tEuropean\tUnion.\nSelf-Driving\tVehicles\nGenerally,\tlaws\tpertaining\tto\tself-driving\tvehicles\tare\tevolving\tglobally,\tand\tin\tsome\tcases\tmay\tcreate\trestrictions\ton\tself-driving\tfeatures\tthat\twe\ndevelop.\tWhile\tthere\tare\tcurrently\tno\tfederal\tU.S.\tregulations\tspecifically\tpertaining\tto\tself-driving\tvehicles\tor\tself-driving\tequipment,\tNHTSA\thas\tpublished\nrecommended\tguidelines\ton\tself-driving\tvehicles,\tand\tretains\tthe\tauthority\tto\tinvestigate\tand/or\ttake\taction\ton\tthe\tsafety\tof\tany\tvehicle,\tequipment\tor\tfeatures\noperating\ton\tpublic\troads.\tCertain\tU.S.\tstates\thave\tlegal\trestrictions\ton\tthe\toperation,\tregistration\tor\tlicensure\tof\tself-driving\tvehicles,\tand\tmany\tother\tstates\nare\tconsidering\tthem.\tThis\tregulatory\tpatchwork\tincreases\tthe\tlegal\tcomplexity\twith\trespect\tto\tself-driving\tvehicles\tin\tthe\tU.S.\nIn\tmarkets\tthat\tfollow\tthe\tregulations\tof\tthe\tUnited\tNations\tEconomic\tCommission\tfor\tEurope,\tsome\trequirements\trestrict\tthe\tdesign\tof\tadvanced\ndriver-assistance\tor\tself-driving\tfeatures,\twhich\tcan\tcompromise\tor\tprevent\ttheir\tuse\tentirely.\tOther\tapplicable\tlaws,\tboth\tcurrent\tand\tproposed,\tmay\thinder\nthe\tpath\tand\ttimeline\tto\tintroducing\tself-driving\tvehicles\tfor\tsale\tand\tuse\tin\tthe\tmarkets\twhere\tthey\tapply."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d74eda-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 10, "chroma:document": "Other\tkey\tmarkets,\tincluding\tChina,\tcontinue\tto\tconsider\tself-driving\tregulation.\tAny\timplemented\tregulations\tmay\tdiffer\tmaterially\tfrom\tthose\tin\tthe\nU.S.\tand\tEurope,\twhich\tmay\tfurther\tincrease\tthe\tlegal\tcomplexity\tof\tself-driving\tvehicles\tand\tlimit\tor\tprevent\tcertain\tfeatures.\nAutomobile\tManufacturer\tand\tDealer\tRegulation\nIn\tthe\tU.S.,\tstate\tlaws\tregulate\tthe\tmanufacture,\tdistribution,\tsale\tand\tservice\tof\tautomobiles,\tand\tgenerally\trequire\tmotor\tvehicle\tmanufacturers\tand\ndealers\tto\tbe\tlicensed\tin\torder\tto\tsell\tvehicles\tdirectly\tto\tresidents.\tCertain\tstates\thave\tasserted\tthat\tthe\tlaws\tin\tsuch\tstates\tdo\tnot\tpermit\tautomobile\nmanufacturers\tto\tbe\tlicensed\tas\tdealers\tor\tto\tact\tin\tthe\tcapacity\tof\ta\tdealer,\tor\tthat\tthey\totherwise\trestrict\ta\tmanufacturer\u2019s\tability\tto\tdeliver\tor\tservice\nvehicles.\tTo\tsell\tvehicles\tto\tresidents\tof\tstates\twhere\twe\tare\tnot\tlicensed\tas\ta\tdealer,\twe\tgenerally\tconduct\tthe\ttransfer\tof\ttitle\tout\tof\tthe\tstate.\tIn\tcertain\tsuch\nstates,\twe\thave\topened\t\u201cgalleries\u201d\tthat\tserve\tan\teducational\tpurpose\tand\twhere\tthe\ttitle\ttransfer\tmay\tnot\toccur.\nSome\tautomobile\tdealer\ttrade\tassociations\thave\tboth\tchallenged\tthe\tlegality\tof\tour\toperations\tin\tcourt\tand\tused\tadministrative\tand\tlegislative\tprocesses\nto\tattempt\tto\tprohibit\tor\tlimit\tour\tability\tto\toperate\texisting\tstores\tor\texpand\tto\tnew\tlocations.\tCertain\tdealer\tassociations\thave\talso\tactively\tlobbied\tstate\nlicensing\tagencies\tand\tlegislators\tto\tinterpret\texisting\tlaws\tor\tenact\tnew\tlaws\tin\tways\tnot\tfavorable\tto\tour\townership\tand\toperation\tof\tour\town\tretail\tand\nservice\tlocations.\tWe\texpect\tsuch\tchallenges\tto\tcontinue,\tand\twe\tintend\tto\tactively\tfight\tany\tsuch\tefforts.\nBattery\tSafety\tand\tTesting"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d74f34-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 10, "chroma:document": "Battery\tSafety\tand\tTesting\nOur\tbattery\tpacks\tare\tsubject\tto\tvarious\tU.S.\tand\tinternational\tregulations\tthat\tgovern\ttransport\tof\t\u201cdangerous\tgoods,\u201d\tdefined\tto\tinclude\tlithium-ion\nbatteries,\twhich\tmay\tpresent\ta\trisk\tin\ttransportation.\tWe\tconduct\ttesting\tto\tdemonstrate\tour\tcompliance\twith\tsuch\tregulations.\nWe\tuse\tlithium-ion\tcells\tin\tour\thigh\tvoltage\tbattery\tpacks\tin\tour\tvehicles\tand\tenergy\tstorage\tproducts.\tThe\tuse,\tstorage\tand\tdisposal\tof\tour\tbattery\npacks\tare\tregulated\tunder\texisting\tlaws\tand\tare\tthe\tsubject\tof\tongoing\tregulatory\tchanges\tthat\tmay\tadd\tadditional\trequirements\tin\tthe\tfuture.\tWe\thave\nagreements\twith\tthird\tparty\tbattery\trecycling\tcompanies\tto\trecycle\tour\tbattery\tpacks\tand\twe\tare\talso\tpiloting\tour\town\trecycling\ttechnology.\t\nSolar\tEnergy\u2014General\nWe\tare\tnot\ta\t\u201cregulated\tutility\u201d\tin\tthe\tU.S.,\talthough\twe\tare\tsubject\tto\tcertain\tstate\tand\tfederal\tregulations\tapplicable\tto\tsolar\tand\tbattery\tstorage\nproviders.\tTo\toperate\tour\tsystems,\twe\tenter\tinto\tstandard\tinterconnection\tagreements\twith\tapplicable\tutilities.\tSales\tof\telectricity\tand\tnon-sale\tequipment\nleases\tby\tthird\tparties,\tsuch\tas\tour\tleases,\tPPAs\tand\tsubscription\tagreements,\thave\tfaced\tregulatory\tchallenges\tin\tsome\tstates\tand\tjurisdictions.\nSolar\tEnergy\u2014Net\tMetering\nMost\tstates\tin\tthe\tU.S.\tmake\tnet\tenergy\tmetering,\tor\tnet\tmetering,\tavailable\tto\tsolar\tcustomers.\tNet\tmetering\ttypically\tallows\tsolar\tcustomers\tto\ninterconnect\ttheir\tsolar\tenergy\tsystems\tto\tthe\tutility\tgrid\tand\toffset\ttheir\tutility\telectricity\tpurchases\tby\treceiving\ta\tbill\tcredit\tfor\texcess\tenergy\tgenerated\tby\ntheir\tsolar\tenergy\tsystem\tthat\tis\texported\tto\tthe\tgrid.\tIn\tcertain\tjurisdictions,\tregulators\tor\tutilities\thave\treduced\tor\teliminated\tthe\tbenefit\tavailable\tunder\tnet"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d74f98-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 10, "chroma:document": "metering\tor\thave\tproposed\tto\tdo\tso.\n11"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d74ff2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 11, "chroma:document": "Competition\nAutomotive\nThe\tworldwide\tautomotive\tmarket\tis\thighly\tcompetitive\tand\twe\texpect\tit\twill\tbecome\teven\tmore\tcompetitive\tin\tthe\tfuture\tas\twe\tintroduce\tadditional\nvehicles\tin\ta\tbroader\tcross-section\tof\tthe\tpassenger\tand\tcommercial\tvehicle\tmarket\tand\texpand\tour\tvehicles\u2019\tcapabilities.\nWe\tbelieve\tthat\tour\tvehicles\tcompete\tin\tthe\tmarket\tboth\tbased\ton\ttheir\ttraditional\tsegment\tclassification\tas\twell\tas\tbased\ton\ttheir\tpropulsion\ntechnology.\tFor\texample,\tModel\tS\tand\tModel\tX\tcompete\tprimarily\twith\tpremium\tsedans\tand\tpremium\tSUVs\tand\tModel\t3\tand\tModel\tY\tcompete\twith\tsmall\tto\nmedium-sized\tsedans\tand\tcompact\tSUVs,\twhich\tare\textremely\tcompetitive\tmarkets.\tCompeting\tproducts\ttypically\tinclude\tinternal\tcombustion\tvehicles\tfrom\nmore\testablished\tautomobile\tmanufacturers;\thowever,\tmany\testablished\tand\tnew\tautomobile\tmanufacturers\thave\tentered\tor\thave\tannounced\tplans\tto\tenter\tthe\nmarket\tfor\telectric\tand\tother\talternative\tfuel\tvehicles.\tOverall,\twe\tbelieve\tthese\tannouncements\tand\tvehicle\tintroductions\tpromote\tthe\tdevelopment\tof\tthe\nelectric\tvehicle\tmarket\tby\thighlighting\tthe\tattractiveness\tof\telectric\tvehicles\trelative\tto\tthe\tinternal\tcombustion\tvehicle.\tMany\tmajor\tautomobile\tmanufacturers\nhave\telectric\tvehicles\tavailable\ttoday\tin\tmajor\tmarkets\tincluding\tthe\tU.S.,\tChina\tand\tEurope,\tand\tother\tcurrent\tand\tprospective\tautomobile\tmanufacturers\tare\nalso\tdeveloping\telectric\tvehicles.\tIn\taddition,\tseveral\tmanufacturers\toffer\thybrid\tvehicles,\tincluding\tplug-in\tversions.\t\nWe\talso\tbelieve\tthat\tthere\tis\tincreasing\tcompetition\tfor\tour\tvehicle\tofferings\tas\ta\tplatform\tfor\tdelivering\tself-driving\ttechnologies,\tcharging\tsolutions\nand\tother\tfeatures\tand\tservices,\tand\twe\texpect\tto\tcompete\tin\tthis\tdeveloping\tmarket\tthrough\tcontinued\tprogress\ton\tour\tAutopilot,\tFSD\tand\tneural\tnetwork"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7504c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 11, "chroma:document": "capabilities,\tSupercharger\tnetwork\tand\tour\tinfotainment\tofferings.\nEnergy\tGeneration\tand\tStorage\nEnergy\tStorage\tSystems\nThe\tmarket\tfor\tenergy\tstorage\tproducts\tis\talso\thighly\tcompetitive,\tand\tboth\testablished\tand\temerging\tcompanies\thave\tintroduced\tproducts\tthat\tare\nsimilar\tto\tour\tproduct\tportfolio\tor\tthat\tare\talternatives\tto\tthe\telements\tof\tour\tsystems.\tWe\tcompete\twith\tthese\tcompanies\tbased\ton\tprice,\tenergy\tdensity\tand\nefficiency.\tWe\tbelieve\tthat\tthe\tspecifications\tand\tfeatures\tof\tour\tproducts,\tour\tstrong\tbrand\tand\tthe\tmodular,\tscalable\tnature\tof\tour\tenergy\tstorage\tproducts\ngive\tus\ta\tcompetitive\tadvantage\tin\tour\tmarkets.\nSolar\tEnergy\tSystems\nThe\tprimary\tcompetitors\tto\tour\tsolar\tenergy\tbusiness\tare\tthe\ttraditional\tlocal\tutility\tcompanies\tthat\tsupply\tenergy\tto\tour\tpotential\tcustomers.\tWe\ncompete\twith\tthese\ttraditional\tutility\tcompanies\tprimarily\tbased\ton\tprice\tand\tthe\tease\tby\twhich\tcustomers\tcan\tswitch\tto\telectricity\tgenerated\tby\tour\tsolar\nenergy\tsystems.\tWe\talso\tcompete\twith\tsolar\tenergy\tcompanies\tthat\tprovide\tproducts\tand\tservices\tsimilar\tto\tours.\tMany\tsolar\tenergy\tcompanies\tonly\tinstall\nsolar\tenergy\tsystems,\twhile\tothers\tonly\tprovide\tfinancing\tfor\tthese\tinstallations.\tWe\tbelieve\twe\thave\ta\tsignificant\texpansion\topportunity\twith\tour\tofferings\tand\nthat\tthe\tregulatory\tenvironment\tis\tincreasingly\tconducive\tto\tthe\tadoption\tof\trenewable\tenergy\tsystems.\nIntellectual\tProperty\nWe\tplace\ta\tstrong\temphasis\ton\tour\tinnovative\tapproach\tand\tproprietary\tdesigns\twhich\tbring\tintrinsic\tvalue\tand\tuniqueness\tto\tour\tproduct\tportfolio.\t\tAs\npart\tof\tour\tbusiness,\twe\tseek\tto\tprotect\tthe\tunderlying\tintellectual\tproperty\trights\tof\tthese\tinnovations\tand\tdesigns\tsuch\tas\twith\trespect\tto\tpatents,\ttrademarks,"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d750a6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 11, "chroma:document": "copyrights,\ttrade\tsecrets\tand\tother\tmeasures,\tincluding\tthrough\temployee\tand\tthird-party\tnondisclosure\tagreements\tand\tother\tcontractual\tarrangements.\tFor\nexample,\twe\tplace\ta\thigh\tpriority\ton\tobtaining\tpatents\tto\tprovide\tthe\tbroadest\tand\tstrongest\tpossible\tprotection\tto\tenable\tour\tfreedom\tto\toperate\tour\ninnovations\tand\tdesigns\twithin\tour\tproducts\tand\ttechnologies\tin\tthe\telectric\tvehicle\tmarket\tas\twell\tas\tto\tprotect\tand\tdefend\tour\tproduct\tportfolio.\tWe\thave\talso\nadopted\ta\tpatent\tpolicy\tin\twhich\twe\tirrevocably\tpledged\tthat\twe\twill\tnot\tinitiate\ta\tlawsuit\tagainst\tany\tparty\tfor\tinfringing\tour\tpatents\tthrough\tactivity\trelating\nto\telectric\tvehicles\tor\trelated\tequipment\tfor\tso\tlong\tas\tsuch\tparty\tis\tacting\tin\tgood\tfaith.\tWe\tmade\tthis\tpledge\tin\torder\tto\tencourage\tthe\tadvancement\tof\ta\ncommon,\trapidly-evolving\tplatform\tfor\telectric\tvehicles,\tthereby\tbenefiting\tourselves,\tother\tcompanies\tmaking\telectric\tvehicles\tand\tthe\tworld.\nHuman\tCapital\tResources\nAs\tof\tDecember\t31,\t2020,\tour\tfull-time\tcount\tfor\tour\tand\tour\tsubsidiaries\u2019\temployees\tworldwide\twas\t70,757.\tTo\tdate,\twe\thave\tnot\texperienced\tany\twork\nstoppages\tas\ta\tresult\tof\tlabor\tdisputes,\tand\twe\tconsider\tour\trelationship\twith\tour\temployees\tto\tbe\tgood.\tOur\tkey\thuman\tcapital\tobjectives\tin\tmanaging\tour\nbusiness\tinclude\tattracting,\tdeveloping\tand\tretaining\ttop\ttalent\twhile\tintegrating\tdiversity,\tequity\tand\tinclusion\tprinciples\tand\tpractices\tinto\tour\tcore\tvalues.\n12"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7510a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 12, "chroma:document": "We\twant\tto\tattract\n\ta\tpool\tof\tdiverse\tand\texceptional\tcandidates\tand\tsupport\ttheir\tcareer\tgrowth\tonce\tthey\tbecome\temployees.\t\nOur\tefforts\tbegin\tat\tthe\nentry\tlevel\twith\t\ndevelopment,\tapprenticeship\tand\tinternship\tprograms\tin\tlocal\thigh\tschools,\tcommunity\tcolleges\tand\t\nfour-year\tcolleges\n.\n\tIn\taddition,\twe\tseek\tto\nhire\tbased\ton\ttalent\trather\tthan\tsolely\ton\teducational\tpedigree,\tand\thave\tprovided\n\tthousands\tof\tjob\topenings\n,\tincluding\tin\tour\tlocal\tcommunities,\n\t\nfor\n\t\ncapable\nworkers\t\nfrom\tvarious\tbackgrounds\tto\tlearn\t\nvaluable\tskills\t\nin\tcritical\toperations\tsuch\tas\t\nin\tmanufacturing,\tvehicle\tservice\tand\tenergy\tproduct\tinstallation\n.\tWe\nalso\temphasize\tin\tour\tevaluation\tand\tcareer\tdevelopment\tefforts\n\t\ninternal\tmobility\topportunities\tfor\temployees\tto\tdrive\tprofessional\tdevelopment.\tOur\tgoal\tis\ta\nlong-term,\tupward-bound\tcareer\tat\tTesla\tfor\tevery\temployee\n,\twhich\twe\tbelieve\talso\tdrives\tour\n\tretention\tefforts\n.\nWe\talso\tbelieve\tthat\tour\tability\tto\tretain\tour\tworkforce\tis\tdependent\ton\tour\tability\tto\tfoster\tan\tenvironment\tthat\tis\tsustainably\tsafe,\trespectful,\tfair\tand\ninclusive\tof\teveryone\tand\tpromotes\tdiversity,\tequity\tand\tinclusion\tinside\tand\toutside\tof\tour\tbusiness.\tFrom\tour\toutreach\tto\tHistorically\tBlack\tColleges\tand\nUniversities\tand\tHispanic\tServing\tInstitutions\tto\tsponsoring\temployee\tresource\tgroups\tacross\tnumerous\tlocations,\tincluding\tAsian\tPacific\tIslanders\tat\tTesla,\nBlack\tat\tTesla,\tIntersectionality,\tLatinos\tat\tTesla,\tLGBTQ\tat\tTesla,\tVeterans\tat\tTesla\tand\tWomen\tin\tTesla,\twe\tengage\tthese\tnetworks\tas\tkey\tbusiness\tresources"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d75164-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 12, "chroma:document": "and\tsources\tof\tactionable\tfeedback.\tWe\tare\talso\tworking\ton\tdiversity\tefforts\tin\tour\tsupply\tchain\tto\texpand\tour\toutreach\tand\tsupport\tto\tsmall-\tand\tlarge-scale\nsuppliers\tfrom\tunderrepresented\tcommunities\tto\temphasize\tthis\tculture\twith\tour\town\temployees.\nAvailable\tInformation\nWe\tfile\tor\tfurnish\tperiodic\treports\tand\tamendments\tthereto,\tincluding\tour\tAnnual\tReports\ton\tForm\t10-K,\tour\tQuarterly\tReports\ton\tForm\t10-Q\tand\nCurrent\tReports\ton\tForm\t8-K,\tproxy\tstatements\tand\tother\tinformation\twith\tthe\tSecurities\tand\tExchange\tCommission\t(\u201cSEC\u201d).\tIn\taddition,\tthe\tSEC\tmaintains\ta\nwebsite\t(\nwww.sec.gov\n)\tthat\tcontains\treports,\tproxy\tand\tinformation\tstatements,\tand\tother\tinformation\tregarding\tissuers\tthat\tfile\telectronically.\tOur\twebsite\tis\nlocated\tat\t\nwww.tesla.com\n,\tand\tour\treports,\tamendments\tthereto,\tproxy\tstatements\tand\tother\tinformation\tare\talso\tmade\tavailable,\tfree\tof\tcharge,\ton\tour\ninvestor\trelations\twebsite\tat\t\nir.tesla.com\n\tas\tsoon\tas\treasonably\tpracticable\tafter\twe\telectronically\tfile\tor\tfurnish\tsuch\tinformation\twith\tthe\tSEC.\tThe\tinformation\nposted\ton\tour\twebsite\tis\tnot\tincorporated\tby\treference\tinto\tthis\tAnnual\tReport\ton\tForm\t10-K.\n\t\n13"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d751be-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 13, "chroma:document": "ITEM\t1A.\tRISK\tFACTORS\nYou\tshould\tcarefully\tconsider\tthe\trisks\tdescribed\tbelow\ttogether\twith\tthe\tother\tinformation\tset\tforth\tin\tthis\treport,\twhich\tcould\tmaterially\taffect\tour\nbusiness,\tfinancial\tcondition\tand\tfuture\tresults.\tThe\trisks\tdescribed\tbelow\tare\tnot\tthe\tonly\trisks\tfacing\tour\tcompany.\tRisks\tand\tuncertainties\tnot\tcurrently\nknown\tto\tus\tor\tthat\twe\tcurrently\tdeem\tto\tbe\timmaterial\talso\tmay\tmaterially\tadversely\taffect\tour\tbusiness,\tfinancial\tcondition\tand\toperating\tresults.\nRisks\tRelated\tto\tOur\tAbility\tto\tGrow\tOur\tBusiness\nWe\tmay\tbe\timpacted\tby\tmacroeconomic\tconditions\tresulting\tfrom\tthe\tglobal\tCOVID-19\tpandemic.\nSince\tthe\tfirst\tquarter\tof\t2020,\tthere\thas\tbeen\ta\tworldwide\timpact\tfrom\tthe\tCOVID-19\tpandemic.\tGovernment\tregulations\tand\tshifting\tsocial\tbehaviors\nhave\tlimited\tor\tclosed\tnon-essential\ttransportation,\tgovernment\tfunctions,\tbusiness\tactivities\tand\tperson-to-person\tinteractions.\t\nIn\tsome\tcases,\tthe\trelaxation\tof\nsuch\ttrends\thas\trecently\tbeen\tfollowed\tby\tactual\tor\tcontemplated\treturns\tto\tstringent\trestrictions\ton\tgatherings\tor\tcommerce,\tincluding\tin\tparts\tof\tthe\tU.S.\tand\na\tnumber\tof\tareas\tin\tEurope.\nWe\ttemporarily\tsuspended\toperations\tat\teach\tof\tour\tmanufacturing\tfacilities\tworldwide\tfor\ta\tpart\tof\tthe\tfirst\thalf\tof\t2020.\tSome\tof\tour\tsuppliers\tand\npartners\talso\texperienced\ttemporary\tsuspensions\tbefore\tresuming,\tincluding\tPanasonic,\twhich\tmanufactures\tbattery\tcells\tfor\tour\tproducts\tat\tour\tGigafactory\nNevada.\tWe\talso\tinstituted\ttemporary\temployee\tfurloughs\tand\tcompensation\treductions\twhile\tour\tU.S.\toperations\twere\tscaled\tback.\tReduced\toperations\tor"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d75218-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 13, "chroma:document": "closures\tat\tmotor\tvehicle\tdepartments,\tvehicle\tauction\thouses\tand\tmunicipal\tand\tutility\tcompany\tinspectors\thave\tresulted\tin\tchallenges\tin\tor\tpostponements\nfor\tour\tnew\tvehicle\tdeliveries,\tused\tvehicle\tsales\tand\tenergy\tproduct\tdeployments.\tGlobal\ttrade\tconditions\tand\tconsumer\ttrends\tmay\tfurther\tadversely\timpact\nus\tand\tour\tindustries.\tFor\texample,\tpandemic-related\tissues\thave\texacerbated\tport\tcongestion\tand\tintermittent\tsupplier\tshutdowns\tand\tdelays,\tresulting\tin\nadditional\texpenses\tto\texpedite\tdelivery\tof\tcritical\tparts.\tSimilarly,\tincreased\tdemand\tfor\tpersonal\telectronics\thas\tcreated\ta\tshortfall\tof\tmicrochip\tsupply,\tand\tit\nis\tyet\tunknown\thow\twe\tmay\tbe\timpacted.\tSustaining\tour\tproduction\ttrajectory\twill\trequire\tthe\treadiness\tand\tsolvency\tof\tour\tsuppliers\tand\tvendors,\ta\tstable\nand\tmotivated\tproduction\tworkforce\tand\tongoing\tgovernment\tcooperation,\tincluding\tfor\ttravel\tand\tvisa\tallowances.\tThe\tcontingencies\tinherent\tin\tthe\nconstruction\tof\tand\tramp\tat\tnew\tfacilities\tsuch\tas\tGigafactory\tShanghai,\tGigafactory\tBerlin\tand\tGigafactory\tTexas\tmay\tbe\texacerbated\tby\tthese\tchallenges.\nWe\tcannot\tpredict\tthe\tduration\tor\tdirection\tof\tcurrent\tglobal\ttrends,\tthe\tsustained\timpact\tof\twhich\tis\tlargely\tunknown,\tis\trapidly\tevolving\tand\thas\tvaried\nacross\tgeographic\tregions.\tUltimately,\twe\tcontinue\tto\tmonitor\tmacroeconomic\tconditions\tto\tremain\tflexible\tand\tto\toptimize\tand\tevolve\tour\tbusiness\tas\nappropriate,\tand\twe\twill\thave\tto\taccurately\tproject\tdemand\tand\tinfrastructure\trequirements\tglobally\tand\tdeploy\tour\tproduction,\tworkforce\tand\tother\tresources\naccordingly.\tIf\tcurrent\tglobal\tmarket\tconditions\tcontinue\tor\tworsen,\tor\tif\twe\tcannot\tor\tdo\tnot\tmaintain\toperations\tat\ta\tscope\tthat\tis\tcommensurate\twith\tsuch"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d75272-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 13, "chroma:document": "conditions\tor\tare\tlater\trequired\tto\tor\tchoose\tto\tsuspend\tsuch\toperations\tagain,\tour\tbusiness,\tprospects,\tfinancial\tcondition\tand\toperating\tresults\tmay\tbe\nharmed.\nWe\tmay\texperience\tdelays\tin\tlaunching\tand\tramping\tthe\tproduction\tof\tour\tproducts\tand\tfeatures,\tor\twe\tmay\tbe\tunable\tto\tcontrol\tour\nmanufacturing\tcosts.\nWe\thave\tpreviously\texperienced\tand\tmay\tin\tthe\tfuture\texperience\tlaunch\tand\tproduction\tramp\tdelays\tfor\tnew\tproducts\tand\tfeatures.\tFor\texample,\twe\nencountered\tunanticipated\tsupplier\tissues\tthat\tled\tto\tdelays\tduring\tthe\tramp\tof\tModel\tX\tand\texperienced\tchallenges\twith\ta\tsupplier\tand\twith\tramping\tfull\nautomation\tfor\tcertain\tof\tour\tinitial\tModel\t3\tmanufacturing\tprocesses.\tIn\taddition,\twe\tmay\tintroduce\tin\tthe\tfuture\tnew\tor\tunique\tmanufacturing\tprocesses\tand\ndesign\tfeatures\tfor\tour\tproducts.\tThere\tis\tno\tguarantee\tthat\twe\twill\tbe\table\tto\tsuccessfully\tand\ttimely\tintroduce\tand\tscale\tsuch\tprocesses\tor\tfeatures.\nIn\tparticular,\tour\tfuture\tbusiness\tdepends\tin\tlarge\tpart\ton\tincreasing\tthe\tproduction\tof\tmass-market\tvehicles\tincluding\tModel\t3\tand\tModel\tY,\twhich\twe\nare\tplanning\tto\tachieve\tthrough\tmultiple\tfactories\tworldwide.\tWe\thave\trelatively\tlimited\texperience\tto\tdate\tin\tmanufacturing\tModel\t3\tand\tModel\tY\tat\thigh\nvolumes\tand\teven\tless\texperience\tbuilding\tand\tramping\tvehicle\tproduction\tlines\tacross\tmultiple\tfactories\tin\tdifferent\tgeographies.\tIn\torder\tto\tbe\tsuccessful,\twe\nwill\tneed\tto\timplement,\tmaintain\tand\tramp\tefficient\tand\tcost-effective\tmanufacturing\tcapabilities,\tprocesses\tand\tsupply\tchains\tand\tachieve\tthe\tdesign\ntolerances,\thigh\tquality\tand\toutput\trates\twe\thave\tplanned\tat\tour\tmanufacturing\tfacilities\tin\tCalifornia,\tNevada,\tTexas,\tChina\tand\tGermany.\tWe\twill\talso\n\tneed\tto\nhire,\ttrain\tand\tcompensate\tskilled\temployees\tto\toperate\tthese\tfacilities."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d752d6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 13, "chroma:document": "Bottlenecks\tand\tother\tunexpected\tchallenges\tsuch\tas\tthose\twe\texperienced\tin\tthe\tpast\nmay\tarise\tduring\tour\tproduction\tramps,\tand\twe\tmust\taddress\tthem\tpromptly\twhile\tcontinuing\tto\timprove\tmanufacturing\tprocesses\tand\treducing\tcosts.\tIf\twe\nare\tnot\tsuccessful\tin\tachieving\tthese\tgoals,\twe\tcould\tface\tdelays\tin\testablishing\tand/or\tsustaining\tour\tModel\t3\tand\tModel\tY\tramps\tor\tbe\tunable\tto\tmeet\tour\nrelated\tcost\tand\tprofitability\ttargets.\nWe\tmay\talso\texperience\tsimilar\tfuture\tdelays\tin\tlaunching\tand/or\tramping\tproduction\tof\tour\tenergy\tstorage\tproducts\tand\tSolar\tRoof;\tnew\tproduct\nversions\tor\tvariants;\tnew\tvehicles\tsuch\tas\tTesla\tSemi,\tCybertruck\tand\tthe\tnew\tTesla\tRoadster;\tand\tfuture\tfeatures\tand\tservices\tsuch\tas\tnew\tAutopilot\tor\tFSD\nfeatures\tand\tthe\tautonomous\tTesla\tride-hailing\tnetwork.\tLikewise,\twe\tmay\tencounter\tdelays\twith\tthe\tdesign,\tconstruction\tand\tregulatory\tor\tother\tapprovals\nnecessary\tto\tbuild\tand\tbring\tonline\tfuture\tmanufacturing\tfacilities\tand\tproducts.\n14"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d75330-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 14, "chroma:document": "Any\tdelay\tor\tother\tcomplication\tin\tramping\tthe\tproduction\tof\tour\tcurrent\tproducts\tor\tthe\tdevelopment,\tmanufacture,\tlaunch\tand\tproduction\tramp\tof\tour\nfuture\tproducts,\tfeatures\tand\tservices,\tor\tin\tdoing\tso\tcost-effectively\tand\twith\thigh\tquality,\tmay\tharm\tour\tbrand,\tbusiness,\tprospects,\tfinancial\tcondition\tand\noperating\tresults.\nWe\tmay\tbe\tunable\tto\tgrow\tour\tglobal\tproduct\tsales,\tdelivery\tand\tinstallation\tcapabilities\tand\tour\tservicing\tand\tvehicle\tcharging\tnetworks,\nor\twe\tmay\tbe\tunable\tto\taccurately\tproject\tand\teffectively\tmanage\tour\tgrowth.\nOur\tsuccess\twill\tdepend\ton\tour\tability\tto\tcontinue\tto\texpand\tour\tsales\tcapabilities\n.\t\nWe\talso\tfrequently\tadjust\tour\tretail\toperations\tand\tproduct\tofferings\nin\torder\tto\toptimize\tour\treach,\tcosts,\tproduct\tline-up\tand\tmodel\tdifferentiation\tand\tcustomer\texperience.\tHowever,\tthere\tis\tno\tguarantee\tthat\tsuch\tsteps\twill\tbe\naccepted\tby\tconsumers\taccustomed\tto\ttraditional\tsales\tstrategies.\tFor\texample,\tmarketing\tmethods\tsuch\tas\ttouchless\ttest\tdrives\tthat\twe\thave\tpioneered\tin\ncertain\tmarkets\t\nhave\tnot\tbeen\tproven\tat\tscale.\n\tWe\tare\ttargeting\twith\tModel\t3\tand\tModel\tY\ta\tglobal\tmass\tdemographic\twith\ta\tbroad\trange\tof\tpotential\ncustomers,\tin\twhich\twe\thave\trelatively\tlimited\texperience\tprojecting\tdemand\tand\tpricing\tour\tproducts.\tWe\tcurrently\tproduce\tnumerous\tinternational\tvariants\nat\ta\tlimited\tnumber\tof\tfactories,\tand\tif\tour\tspecific\tdemand\texpectations\tfor\tthese\tvariants\tprove\tinaccurate,\twe\tmay\tnot\tbe\table\tto\ttimely\tgenerate\tdeliveries\nmatched\tto\tthe\tvehicles\tthat\twe\tproduce\tin\tthe\tsame\ttimeframe\tor\tthat\tare\tcommensurate\twith\tthe\tsize\tof\tour\toperations\tin\ta\tgiven\tregion.\tLikewise,\tas\twe"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d75394-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 14, "chroma:document": "develop\tand\tgrow\tour\tenergy\tproducts\tand\tservices\tworldwide,\tour\tsuccess\twill\tdepend\ton\tour\tability\tto\tcorrectly\tforecast\tdemand\tin\tvarious\tmarkets.\nBecause\twe\tdo\tnot\thave\tindependent\tdealer\tnetworks,\twe\tare\tresponsible\tfor\tdelivering\tall\tof\tour\tvehicles\tto\tour\tcustomers.\tWhile\twe\thave\timproved\nour\tdelivery\tlogistics,\twe\tmay\tface\tdifficulties\twith\tdeliveries\tat\tincreasing\tvolumes,\tparticularly\tin\tinternational\tmarkets\trequiring\tsignificant\ttransit\ttimes.\tFor\nexample,\twe\tsaw\tchallenges\tin\tramping\tour\tlogistics\tchannels\tin\tChina\tand\tEurope\tto\tinitially\tdeliver\tModel\t3\tthere\tin\tthe\tfirst\tquarter\tof\t2019.\tWe\thave\ndeployed\ta\tnumber\tof\tdelivery\tmodels,\tsuch\tas\tdeliveries\tto\tcustomers\u2019\thomes\tand\tworkplaces\tand\ttouchless\tdeliveries,\tbut\tthere\tis\tno\tguarantee\tthat\tsuch\nmodels\twill\tbe\tscalable\tor\tbe\taccepted\tglobally.\t\nLikewise,\tas\twe\tramp\tSolar\tRoof,\twe\tare\tworking\tto\tsubstantially\tincrease\tinstallation\n\tpersonnel\tand\tdecrease\ninstallation\ttimes.\tIf\twe\tare\tnot\tsuccessful\tin\tmatching\tsuch\tcapabilities\twith\tactual\tproduction,\tor\tif\twe\texperience\tunforeseen\tproduction\tdelays\tor\tinaccurately\nforecast\tdemand\tfor\tthe\tSolar\tRoof,\tour\tbusiness,\tfinancial\tcondition\tand\toperating\tresults\tmay\tbe\tharmed.\nMoreover,\tbecause\tof\tour\tunique\texpertise\twith\tour\tvehicles,\twe\trecommend\tthat\tour\tvehicles\tbe\tserviced\tby\tus\tor\tby\tcertain\tauthorized\tprofessionals.\nIf\twe\texperience\tdelays\tin\tadding\tsuch\tservicing\tcapacity\tor\tservicing\tour\tvehicles\tefficiently,\tor\texperience\tunforeseen\tissues\twith\tthe\treliability\tof\tour\nvehicles,\tparticularly\thigher-volume\tand\tnewer\tadditions\tto\tour\tfleet\tsuch\tas\tModel\t3\tand\tModel\tY,\tit\tcould\toverburden\tour\tservicing\tcapabilities\tand\tparts"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d753ee-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 14, "chroma:document": "inventory.\tSimilarly,\tthe\tincreasing\tnumber\tof\tTesla\tvehicles\talso\trequires\tus\tto\tcontinue\tto\trapidly\tincrease\tthe\tnumber\tof\tour\tSupercharger\tstations\tand\nconnectors\tthroughout\tthe\tworld.\nThere\tis\tno\tassurance\tthat\twe\twill\tbe\table\tto\tramp\tour\tbusiness\tto\tmeet\tour\tsales,\tdelivery,\tinstallation,\tservicing\tand\tvehicle\tcharging\ttargets\tglobally,\nthat\tour\tprojections\ton\twhich\tsuch\ttargets\tare\tbased\twill\tprove\taccurate\tor\tthat\tthe\tpace\tof\tgrowth\tor\tcoverage\tof\tour\tcustomer\tinfrastructure\tnetwork\twill\nmeet\tcustomer\texpectations.\t\nThese\tplans\trequire\tsignificant\tcash\tinvestments\tand\tmanagement\tresources\tand\tthere\tis\tno\tguarantee\tthat\tthey\twill\tgenerate\nadditional\tsales\tor\tinstallations\tof\tour\tproducts,\tor\tthat\twe\twill\tbe\table\tto\tavoid\tcost\toverruns\tor\tbe\table\tto\thire\tadditional\tpersonnel\tto\tsupport\tthem.\t\nAs\twe\nexpand,\tw\ne\twill\talso\tneed\tto\tensure\tour\tcompliance\twith\tregulatory\trequirements\tin\tvarious\tjurisdictions\tapplicable\tto\tthe\tsale,\tinstallation\tand\tservicing\tof\tour\nproducts,\tthe\tsale\tor\tdispatch\tof\telectricity\trelated\tto\tour\tenergy\tproducts\tand\tthe\toperation\tof\tSuperchargers.\n\tIf\twe\tfail\tto\tmanage\tour\tgrowth\teffectively,\tit\tmay\nharm\tour\tbrand,\tbusiness,\tprospects,\tfinancial\tcondition\tand\toperating\tresults.\nOur\tfuture\tgrowth\tand\tsuccess\tare\tdependent\tupon\tconsumers\u2019\tdemand\tfor\telectric\tvehicles\tand\tspecifically\tour\tvehicles\tin\tan\tautomotive\nindustry\tthat\tis\tgenerally\tcompetitive,\tcyclical\tand\tvolatile.\nIf\tthe\tmarket\tfor\telectric\tvehicles\tin\tgeneral\tand\tTesla\tvehicles\tin\tparticular\tdoes\tnot\tdevelop\tas\twe\texpect,\tdevelops\tmore\tslowly\tthan\twe\texpect,\tor\tif"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d75448-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 14, "chroma:document": "demand\tfor\tour\tvehicles\tdecreases\tin\tour\tmarkets\tor\tour\tvehicles\tcompete\twith\teach\tother,\tour\tbusiness,\tprospects,\tfinancial\tcondition\tand\toperating\tresults\nmay\tbe\tharmed.\nWe\tare\tstill\tat\tan\tearlier\tstage\tand\thave\tlimited\tresources\tand\tproduction\trelative\tto\testablished\tcompetitors\tthat\toffer\tinternal\tcombustion\tengine\nvehicles.\tIn\taddition,\telectric\tvehicles\tstill\tcomprise\ta\tsmall\tpercentage\tof\toverall\tvehicle\tsales.\tAs\ta\tresult,\tthe\tmarket\tfor\tour\tvehicles\tcould\tbe\tnegatively\naffected\tby\tnumerous\tfactors,\tsuch\tas:\n\t\n\u2022\nperceptions\tabout\telectric\tvehicle\tfeatures,\tquality,\tsafety,\tperformance\tand\tcost;\n\t\n\u2022\nperceptions\tabout\tthe\tlimited\trange\tover\twhich\telectric\tvehicles\tmay\tbe\tdriven\ton\ta\tsingle\tbattery\tcharge,\tand\taccess\tto\tcharging\tfacilities;\n\t\n\u2022\ncompetition,\tincluding\tfrom\tother\ttypes\tof\talternative\tfuel\tvehicles,\tplug-in\thybrid\telectric\tvehicles\tand\thigh\tfuel-economy\tinternal\tcombustion\nengine\tvehicles;\n\t\n\u2022\nvolatility\tin\tthe\tcost\tof\toil\tand\tgasoline,\tsuch\tas\twide\tfluctuations\tin\tcrude\toil\tprices\tduring\t2020;\n15"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d754a2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 15, "chroma:document": "\u2022\ngovernment\tregulations\tand\teconomic\tincentives;\tand\n\t\n\u2022\nconcerns\tabout\tour\tfuture\tviability.\nFinally,\tthe\ttarget\tdemographics\tfor\tour\tvehicles,\tparticularly\tModel\t3\tand\tModel\tY,\tare\thighly\tcompetitive.\tSales\tof\tvehicles\tin\tthe\tautomotive\tindustry\ntend\tto\tbe\tcyclical\tin\tmany\tmarkets,\twhich\tmay\texpose\tus\tto\tfurther\tvolatility\tas\twe\texpand\tand\tadjust\tour\toperations\tand\tretail\tstrategies.\tMoreover,\tthe\nCOVID-19\tpandemic\tmay\tnegatively\timpact\tthe\ttransportation\tand\tautomotive\tindustries\tlong-term.\tIt\tis\tuncertain\tas\tto\thow\tsuch\tmacroeconomic\tfactors\twill\nimpact\tus\tas\ta\tcompany\tthat\thas\tbeen\texperiencing\tgrowth\tand\tincreasing\tmarket\tshare\tin\tan\tindustry\tthat\thas\tglobally\tbeen\texperiencing\ta\trecent\tdecline\tin\nsales.\nOur\tsuppliers\tmay\tfail\tto\tdeliver\tcomponents\taccording\tto\tschedules,\tprices,\tquality\tand\tvolumes\tthat\tare\tacceptable\tto\tus,\tor\twe\tmay\tbe\nunable\tto\tmanage\tthese\tcomponents\teffectively.\nOur\tproducts\tcontain\tthousands\tof\tparts\tthat\twe\tpurchase\tglobally\tfrom\thundreds\tof\tmostly\tsingle-source\tdirect\tsuppliers,\tgenerally\twithout\tlong-term\nsupply\tagreements.\tThis\texposes\tus\tto\tmultiple\tpotential\tsources\tof\tcomponent\tshortages,\tsuch\tas\tthose\tthat\twe\texperienced\tin\t2012\tand\t2016\twith\tour\tModel\nS\tand\tModel\tX\tramps.\tUnexpected\tchanges\tin\tbusiness\tconditions,\tmaterials\tpricing,\tlabor\tissues,\twars,\tgovernmental\tchanges,\ttariffs,\tnatural\tdisasters\tsuch\nas\tthe\tMarch\t2011\tearthquakes\tin\tJapan,\thealth\tepidemics\tsuch\tas\tthe\tglobal\tCOVID-19\tpandemic,\ttrade\tand\tshipping\tdisruptions\tand\tother\tfactors\tbeyond\tour\nor\tour\tsuppliers\u2019\tcontrol\tcould\talso\taffect\tthese\tsuppliers\u2019\tability\tto\tdeliver\tcomponents\tto\tus\tor\tto\tremain\tsolvent\tand\toperational.\tFor\texample,\ta\tglobal"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d754fc-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 15, "chroma:document": "shortage\tof\tmicrochips\thas\tbeen\treported\tsince\tearly\t2021,\tand\tthe\timpact\tto\tus\tis\tyet\tunknown.\tThe\tunavailability\tof\tany\tcomponent\tor\tsupplier\tcould\tresult\tin\nproduction\tdelays,\tidle\tmanufacturing\tfacilities,\tproduct\tdesign\tchanges\tand\tloss\tof\taccess\tto\timportant\ttechnology\tand\ttools\tfor\tproducing\tand\tsupporting\tour\nproducts.\tMoreover,\tsignificant\tincreases\tin\tour\tproduction,\tsuch\tas\tfor\tModel\t3\tand\tModel\tY,\tor\tproduct\tdesign\tchanges\tby\tus\thave\trequired\tand\tmay\tin\tthe\nfuture\trequire\tus\tto\tprocure\tadditional\tcomponents\tin\ta\tshort\tamount\tof\ttime.\tOur\tsuppliers\tmay\tnot\tbe\twilling\tor\table\tto\tsustainably\tmeet\tour\ttimelines\tor\tour\ncost,\tquality\tand\tvolume\tneeds,\tor\tto\tdo\tso\tmay\tcost\tus\tmore,\twhich\tmay\trequire\tus\tto\treplace\tthem\twith\tother\tsources.\tFinally,\twe\thave\tlimited\tvehicle\nmanufacturing\texperience\toutside\tof\tthe\tFremont\tFactory\tand\twe\tmay\texperience\tissues\tincreasing\tthe\tlevel\tof\tlocalized\tprocurement\tat\tour\tGigafactory\nShanghai\tand\tat\tfuture\tfactories\tsuch\tas\tGigafactory\tBerlin\tand\tGigafactory\tTexas.\tWhile\twe\tbelieve\tthat\twe\twill\tbe\table\tto\tsecure\tadditional\tor\talternate\nsources\tor\tdevelop\tour\town\treplacements\tfor\tmost\tof\tour\tcomponents,\tthere\tis\tno\tassurance\tthat\twe\twill\tbe\table\tto\tdo\tso\tquickly\tor\tat\tall.\tAdditionally,\twe\tmay\nbe\tunsuccessful\tin\tour\tcontinuous\tefforts\tto\tnegotiate\twith\texisting\tsuppliers\tto\tobtain\tcost\treductions\tand\tavoid\tunfavorable\tchanges\tto\tterms,\tsource\tless\nexpensive\tsuppliers\tfor\tcertain\tparts\tand\tredesign\tcertain\tparts\tto\tmake\tthem\tless\texpensive\tto\tproduce.\tAny\tof\tthese\toccurrences\tmay\tharm\tour\tbusiness,\nprospects,\tfinancial\tcondition\tand\toperating\tresults."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d75560-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 15, "chroma:document": "prospects,\tfinancial\tcondition\tand\toperating\tresults.\nAs\tthe\tscale\tof\tour\tvehicle\tproduction\tincreases,\twe\twill\talso\tneed\tto\taccurately\tforecast,\tpurchase,\twarehouse\tand\ttransport\tcomponents\tat\thigh\nvolumes\tto\tour\tmanufacturing\tfacilities\tand\tservicing\tlocations\tinternationally.\tIf\twe\tare\tunable\tto\taccurately\tmatch\tthe\ttiming\tand\tquantities\tof\tcomponent\npurchases\tto\tour\tactual\tneeds\tor\tsuccessfully\timplement\tautomation,\tinventory\tmanagement\tand\tother\tsystems\tto\taccommodate\tthe\tincreased\tcomplexity\tin\nour\tsupply\tchain\tand\tparts\tmanagement,\twe\tmay\tincur\tunexpected\tproduction\tdisruption,\tstorage,\ttransportation\tand\twrite-off\tcosts,\twhich\tmay\tharm\tour\nbusiness\tand\toperating\tresults.\nWe\tmay\tbe\tunable\tto\tmeet\tour\tprojected\tconstruction\ttimelines,\tcosts\tand\tproduction\tramps\tat\tnew\tfactories,\tor\twe\tmay\texperience\ndifficulties\tin\tgenerating\tand\tmaintaining\tdemand\tfor\tproducts\tmanufactured\tthere.\nOur\tability\tto\tincrease\tproduction\tof\tour\tvehicles\ton\ta\tsustained\tbasis,\tmake\tthem\taffordable\tglobally\tby\taccessing\tlocal\tsupply\tchains\tand\tworkforces\nand\tstreamline\tdelivery\tlogistics\tis\tdependent\ton\tthe\tconstruction\tand\tramp\tof\tGigafactory\tShanghai,\tGigafactory\tBerlin\tand\tGigafactory\tTexas.\tThe\nconstruction\tof\tand\tcommencement\tand\tramp\tof\tproduction\tat\tthese\tfactories\tare\tsubject\tto\ta\tnumber\tof\tuncertainties\tinherent\tin\tall\tnew\tmanufacturing\noperations,\tincluding\tongoing\tcompliance\twith\tregulatory\trequirements,\tprocurement\tand\tmaintenance\tof\tconstruction,\tenvironmental\tand\toperational\tlicenses\nand\tapprovals\tfor\tadditional\texpansion,\tpotential\tsupply\tchain\tconstraints,\thiring,\ttraining\tand\tretention\tof\tqualified\temployees\tand\tthe\tpace\tof\tbringing\nproduction\tequipment\tand\tprocesses\tonline\twith\tthe\tcapability\tto\tmanufacture\thigh-quality\tunits\tat\tscale.\tFor\texample,\twe\tare\tcurrently\tconstructing"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d755ba-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 15, "chroma:document": "Gigafactory\tBerlin\tunder\tconditional\tpermits.\tMoreover,\twe\tintend\tto\tincorporate\tsequential\tdesign\tand\tmanufacturing\tchanges\tinto\tvehicles\tmanufactured\tat\neach\tnew\tfactory.\tWe\thave\tlimited\texperience\tto\tdate\twith\tdeveloping\tand\timplementing\tvehicle\tmanufacturing\tinnovations\toutside\tof\tthe\tFremont\tFactory,\tas\nwe\tonly\trecently\tbegan\tproduction\tat\tGigafactory\tShanghai.\tIn\tparticular,\tthe\tmajority\tof\tour\tdesign\tand\tengineering\tresources\tare\tcurrently\tlocated\tin\nCalifornia.\tIn\torder\tto\tmeet\tour\texpectations\tfor\tour\tnew\tfactories,\twe\tmust\texpand\tand\tmanage\tlocalized\tdesign\tand\tengineering\ttalent\tand\tresources.\tIf\twe\nexperience\tany\tissues\tor\tdelays\tin\tmeeting\tour\tprojected\ttimelines,\tcosts,\tcapital\tefficiency\tand\tproduction\tcapacity\tfor\tour\tnew\tfactories,\texpanding\tand\nmanaging\tteams\tto\timplement\titerative\tdesign\tand\tproduction\tchanges\tthere,\tmaintaining\tand\tcomplying\twith\tthe\tterms\tof\tany\tdebt\tfinancing\tthat\twe\tobtain\tto\nfund\tthem\tor\tgenerating\tand\tmaintaining\tdemand\tfor\tthe\tvehicles\twe\tmanufacture\tthere,\tour\tbusiness,\tprospects,\toperating\tresults\tand\tfinancial\tcondition\tmay\nbe\tharmed.\n16"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7565a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 16, "chroma:document": "We\twill\tneed\tto\tmaintain\tand\tsignificantly\tgrow\tour\taccess\tto\tbattery\tcells,\tincluding\tthrough\tthe\tdevelopment\tand\tmanufacture\tof\tour\nown\tcells,\tand\tcontrol\tour\trelated\tcosts.\nWe\tare\tdependent\ton\tthe\tcontinued\tsupply\tof\tlithium-ion\tbattery\tcells\tfor\tour\tvehicles\tand\tenergy\tstorage\tproducts,\tand\twe\twill\trequire\tsubstantially\nmore\tcells\tto\tgrow\tour\tbusiness\taccording\tto\tour\tplans.\tCurrently,\twe\trely\ton\tsuppliers\tsuch\tas\tPanasonic\tfor\tthese\tcells.\tHowever,\twe\thave\tto\tdate\tfully\nqualified\tonly\ta\tvery\tlimited\tnumber\tof\tsuch\tsuppliers\tand\thave\tlimited\tflexibility\tin\tchanging\tsuppliers.\tAny\tdisruption\tin\tthe\tsupply\tof\tbattery\tcells\tfrom\tour\nsuppliers\tcould\tlimit\tproduction\tof\tour\tvehicles\tand\tenergy\tstorage\tproducts.\tIn\tthe\tlong\tterm,\twe\tintend\tto\tsupplement\tcells\tfrom\tour\tsuppliers\twith\tcells\nmanufactured\tby\tus,\twhich\twe\tbelieve\twill\tbe\tmore\tefficient,\tmanufacturable\tat\tgreater\tvolumes\tand\tcost-effective\tthan\tcurrently\tavailable\tcells.\tHowever,\tour\nefforts\tto\tdevelop\tand\tmanufacture\tsuch\tbattery\tcells\thave\trequired\tand\tmay\trequire\tsignificant\tinvestments,\tand\tthere\tcan\tbe\tno\tassurance\tthat\twe\twill\tbe\nable\tto\tachieve\tthese\ttargets\tin\tthe\ttimeframes\tthat\twe\thave\tplanned\tor\tat\tall.\tIf\twe\tare\tunable\tto\tdo\tso,\twe\tmay\thave\tto\tcurtail\tour\tplanned\tvehicle\tand\tenergy\nstorage\tproduct\tproduction\tor\tprocure\tadditional\tcells\tfrom\tsuppliers\tat\tpotentially\tgreater\tcosts,\teither\tof\twhich\tmay\tharm\tour\tbusiness\tand\toperating\tresults.\nIn\taddition,\tthe\tcost\tof\tbattery\tcells,\twhether\tmanufactured\tby\tour\tsuppliers\tor\tby\tus,\tdepends\tin\tpart\tupon\tthe\tprices\tand\tavailability\tof\traw\tmaterials"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d756be-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 16, "chroma:document": "such\tas\tlithium,\tnickel,\tcobalt\tand/or\tother\tmetals.\tThe\tprices\tfor\tthese\tmaterials\tfluctuate\tand\ttheir\tavailable\tsupply\tmay\tbe\tunstable,\tdepending\ton\tmarket\nconditions\tand\tglobal\tdemand\tfor\tthese\tmaterials,\tincluding\tas\ta\tresult\tof\tincreased\tglobal\tproduction\tof\telectric\tvehicles\tand\tenergy\tstorage\tproducts.\tAny\nreduced\tavailability\tof\tthese\tmaterials\tmay\timpact\tour\taccess\tto\tcells\tand\tany\tincreases\tin\ttheir\tprices\tmay\treduce\tour\tprofitability\tif\twe\tcannot\trecoup\tthe\nincreased\tcosts\tthrough\tincreased\tvehicle\tprices.\tMoreover,\tany\tsuch\tattempts\tto\tincrease\tproduct\tprices\tmay\tharm\tour\tbrand,\tprospects\tand\toperating\tresults.\nWe\tface\tstrong\tcompetition\tfor\tour\tproducts\tand\tservices\tfrom\ta\tgrowing\tlist\tof\testablished\tand\tnew\tcompetitors.\nThe\tworldwide\tautomotive\tmarket\tis\thighly\tcompetitive\ttoday\tand\twe\texpect\tit\twill\tbecome\teven\tmore\tso\tin\tthe\tfuture.\tFor\texample,\tModel\t3\tand\tModel\nY\tface\tcompetition\tfrom\texisting\tand\tfuture\tautomobile\tmanufacturers\tin\tthe\textremely\tcompetitive\tentry-level\tpremium\tsedan\tand\tcompact\tSUV\tmarkets.\tA\nsignificant\tand\tgrowing\tnumber\tof\testablished\tand\tnew\tautomobile\tmanufacturers,\tas\twell\tas\tother\tcompanies,\thave\tentered\tor\tare\treported\tto\thave\tplans\tto\nenter\tthe\tmarket\tfor\telectric\tand\tother\talternative\tfuel\tvehicles,\tincluding\thybrid,\tplug-in\thybrid\tand\tfully\telectric\tvehicles,\tas\twell\tas\tthe\tmarket\tfor\tself-driving\ntechnology\tand\tother\tvehicle\tapplications\tand\tsoftware\tplatforms.\tIn\tsome\tcases,\tour\tcompetitors\toffer\tor\twill\toffer\telectric\tvehicles\tin\timportant\tmarkets\tsuch\nas\tChina\tand\tEurope,\tand/or\thave\tannounced\tan\tintention\tto\tproduce\telectric\tvehicles\texclusively\tat\tsome\tpoint\tin\tthe\tfuture.\tMany\tof\tour\tcompetitors\thave"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d75718-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 16, "chroma:document": "significantly\tgreater\tor\tbetter-established\tresources\tthan\twe\tdo\tto\tdevote\tto\tthe\tdesign,\tdevelopment,\tmanufacturing,\tdistribution,\tpromotion,\tsale\tand\tsupport\nof\ttheir\tproducts.\tIncreased\tcompetition\tcould\tresult\tin\tour\tlower\tvehicle\tunit\tsales,\tprice\treductions,\trevenue\tshortfalls,\tloss\tof\tcustomers\tand\tloss\tof\tmarket\nshare,\twhich\tmay\tharm\tour\tbusiness,\tfinancial\tcondition\tand\toperating\tresults.\nWe\talso\tface\tcompetition\tin\tour\tenergy\tgeneration\tand\tstorage\tbusiness\tfrom\tother\tmanufacturers,\tdevelopers,\tinstallers\tand\tservice\tproviders\tof\ncompeting\tenergy\tsystems,\tas\twell\tas\tfrom\tlarge\tutilities.\tDecreases\tin\tthe\tretail\tor\twholesale\tprices\tof\telectricity\tfrom\tutilities\tor\tother\trenewable\tenergy\nsources\tcould\tmake\tour\tproducts\tless\tattractive\tto\tcustomers\tand\tlead\tto\tan\tincreased\trate\tof\tresidential\tcustomer\tdefaults\tunder\tour\texisting\tlong-term\tleases\nand\tPPAs.\n\t\nRisks\tRelated\tto\tOur\tOperations\nWe\tmay\texperience\tissues\twith\tlithium-ion\tcells\tor\tother\tcomponents\tmanufactured\tat\tGigafactory\tNevada,\twhich\tmay\tharm\tthe\nproduction\tand\tprofitability\tof\tour\tvehicle\tand\tenergy\tstorage\tproducts.\nOur\tplan\tto\tgrow\tthe\tvolume\tand\tprofitability\tof\tour\tvehicles\tand\tenergy\tstorage\tproducts\tdepends\ton\tsignificant\tlithium-ion\tbattery\tcell\tproduction\tby\nour\tpartner\tPanasonic\tat\tGigafactory\tNevada.\tAlthough\tPanasonic\thas\ta\tlong\ttrack\trecord\tof\tproducing\thigh-quality\tcells\tat\tsignificant\tvolume\tat\tits\tfactories\tin\nJapan,\tit\t\nhas\trelatively\tlimited\texperience\twith\tcell\tproduction\tat\tGigafactory\tNevada\n,\twhich\tbegan\tin\t2017.\tMoreover,\talthough\tPanasonic\tis\tco-located\twith\tus\nat\tGigafactory\tNevada,\tit\tis\tfree\tto\tmake\tits\town\toperational\tdecisions,\tsuch\tas\tits\tdetermination\tto\ttemporarily\tsuspend\tits\tmanufacturing\tthere\tin\tresponse\tto"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d75772-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 16, "chroma:document": "the\tCOVID-19\tpandemic.\tIn\taddition,\twe\tproduce\tseveral\tvehicle\tcomponents,\tsuch\tas\tbattery\tmodules\tand\tpacks\tincorporating\tthe\tcells\tproduced\tby\tPanasonic\nfor\tModel\t3\tand\tModel\tY\tand\tdrive\tunits\t(including\tto\tsupport\tGigafactory\tShanghai\tproduction),\tat\tGigafactory\tNevada,\tand\twe\talso\tmanufacture\tenergy\nstorage\tproducts\tthere.\tIn\tthe\tpast,\tsome\tof\tthe\tmanufacturing\tlines\tfor\tcertain\tproduct\tcomponents\ttook\tlonger\tthan\tanticipated\tto\tramp\tto\ttheir\tfull\tcapacity,\nand\tadditional\tbottlenecks\tmay\tarise\tin\tthe\tfuture\tas\twe\tcontinue\tto\tincrease\tthe\tproduction\trate\tand\tintroduce\tnew\tlines.\tIf\twe\tor\tPanasonic\tare\tunable\tto\tor\notherwise\tdo\tnot\tmaintain\tand\tgrow\tour\trespective\toperations\tat\tGigafactory\tNevada\tproduction,\tor\tif\twe\tare\tunable\tto\tdo\tso\tcost-effectively\tor\thire\tand\tretain\nhighly-skilled\tpersonnel\tthere,\tour\tability\tto\tmanufacture\tour\tproducts\tprofitably\twould\tbe\tlimited,\twhich\tmay\tharm\tour\tbusiness\tand\toperating\tresults.\nFinally,\tthe\thigh\tvolumes\tof\tlithium-ion\tcells\tand\tbattery\tmodules\tand\tpacks\tmanufactured\tat\tGigafactory\tNevada\tare\tstored\tand\trecycled\tat\tour\tvarious\nfacilities.\tAny\tmishandling\tof\tbattery\tcells\tmay\tcause\tdisruption\tto\tthe\toperation\tof\tsuch\tfacilities.\tWhile\n17"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d757cc-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 17, "chroma:document": "we\thave\timplemented\tsafety\tprocedures\trelated\tto\tthe\thandling\tof\tthe\tcells,\tthere\tcan\tbe\tno\tassurance\tthat\ta\tsafety\n\tissue\tor\tfire\trelated\tto\tthe\tcells\twould\tnot\ndisrupt\tour\t\noperations\n.\tAny\tsuch\tdisruptions\tor\tissues\tmay\tharm\tour\tbrand\tand\tbusiness.\nWe\tface\trisks\tassociated\twith\tmaintaining\tand\texpanding\tour\tinternational\toperations,\tincluding\tunfavorable\tand\tuncertain\tregulatory,\npolitical,\teconomic,\ttax\tand\tlabor\tconditions.\nWe\tare\tsubject\tto\tlegal\tand\tregulatory\trequirements,\tpolitical\tuncertainty\tand\tsocial,\tenvironmental\tand\teconomic\tconditions\tin\tnumerous\tjurisdictions,\nover\twhich\twe\thave\tlittle\tcontrol\tand\twhich\tare\tinherently\tunpredictable.\tOur\toperations\tin\tsuch\tjurisdictions,\tparticularly\tas\ta\tcompany\tbased\tin\tthe\tU.S.,\ncreate\trisks\trelating\tto\tconforming\tour\tproducts\tto\tregulatory\tand\tsafety\trequirements\tand\tcharging\tand\tother\telectric\tinfrastructures;\torganizing\tlocal\noperating\tentities;\testablishing,\tstaffing\tand\tmanaging\tforeign\tbusiness\tlocations;\tattracting\tlocal\tcustomers;\tnavigating\tforeign\tgovernment\ttaxes,\tregulations\nand\tpermit\trequirements;\tenforceability\tof\tour\tcontractual\trights;\ttrade\trestrictions,\tcustoms\tregulations,\ttariffs\tand\tprice\tor\texchange\tcontrols;\tand\npreferences\tin\tforeign\tnations\tfor\tdomestically\tmanufactured\tproducts.\tSuch\tconditions\tmay\tincrease\tour\tcosts,\timpact\tour\tability\tto\tsell\tour\tproducts\tand\nrequire\tsignificant\tmanagement\tattention,\tand\tmay\tharm\tour\tbusiness\tif\twe\tunable\tto\tmanage\tthem\teffectively.\nOur\tbusiness\tmay\tsuffer\tif\tour\tproducts\tor\tfeatures\tcontain\tdefects,\tfail\tto\tperform\tas\texpected\tor\ttake\tlonger\tthan\texpected\tto\tbecome\nfully\tfunctional.\nIf\tour\tproducts\tcontain\tdesign\tor\tmanufacturing\tdefects\tthat\tcause\tthem\tnot\tto\tperform\tas\texpected\tor\tthat\trequire\trepair,\tor\tcertain\tfeatures\tof\tour"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d75826-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 17, "chroma:document": "vehicles\tsuch\tas\tnew\tAutopilot\tor\tFSD\tfeatures\ttake\tlonger\tthan\texpected\tto\tbecome\tenabled,\tare\tlegally\trestricted\tor\tbecome\tsubject\tto\tonerous\tregulation,\nour\tability\tto\tdevelop,\tmarket\tand\tsell\tour\tproducts\tand\tservices\tmay\tbe\tharmed,\tand\twe\tmay\texperience\n\tdelivery\tdelays,\tproduct\trecalls,\tproduct\tliability,\nbreach\tof\twarranty\tand\tconsumer\tprotection\tclaims\tand\tsignificant\twarranty\tand\tother\texpenses\n.\tIn\tparticular,\tour\tproducts\tare\thighly\tdependent\ton\tsoftware,\nwhich\tis\tinherently\tcomplex\tand\tmay\tcontain\tlatent\tdefects\tor\terrors\tor\tbe\tsubject\tto\texternal\tattacks.\tIssues\texperienced\tby\tour\tcustomers\thave\tincluded\tthose\nrelated\tto\tthe\tModel\tS\tand\tModel\tX\t17-inch\tdisplay\tscreen,\tthe\tpanoramic\troof\tand\tthe\t12-volt\tbattery\tin\tthe\tModel\tS,\tthe\tseats\tand\tdoors\tin\tthe\tModel\tX\tand\nthe\toperation\tof\tsolar\tpanels\tinstalled\tby\tus.\tAlthough\twe\tattempt\tto\tremedy\tany\tissues\twe\tobserve\tin\tour\tproducts\tas\teffectively\tand\trapidly\tas\tpossible,\tsuch\nefforts\tmay\tnot\tbe\ttimely,\tmay\thamper\tproduction\tor\tmay\tnot\tcompletely\tsatisfy\tour\tcustomers.\tWhile\twe\thave\tperformed\textensive\tinternal\ttesting\ton\tour\nproducts\tand\tfeatures,\twe\tcurrently\thave\ta\tlimited\tframe\tof\treference\tby\twhich\tto\tevaluate\ttheir\tlong-term\tquality,\treliability,\tdurability\tand\tperformance\ncharacteristics.\tThere\tcan\tbe\tno\tassurance\tthat\twe\twill\tbe\table\tto\tdetect\tand\tfix\tany\tdefects\tin\tour\tproducts\tprior\tto\ttheir\tsale\tto\tor\tinstallation\tfor\tcustomers.\nWe\tmay\tbe\trequired\tto\tdefend\tor\tinsure\tagainst\tproduct\tliability\tclaims.\nThe\tautomobile\tindustry\tgenerally\texperiences\tsignificant\tproduct\tliability\tclaims,\tand\tas\tsuch\twe\tface\tthe\trisk\tof\tsuch\tclaims\tin\tthe\tevent\tour\tvehicles"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7588a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 17, "chroma:document": "do\tnot\tperform\tor\tare\tclaimed\tto\tnot\thave\tperformed\tas\texpected.\tAs\tis\ttrue\tfor\tother\tautomakers,\tour\tvehicles\thave\tbeen\tinvolved\tand\twe\texpect\tin\tthe\tfuture\nwill\tbe\tinvolved\tin\taccidents\tresulting\tin\tdeath\tor\tpersonal\tinjury,\tand\tsuch\taccidents\twhere\tAutopilot\tor\tFSD\tfeatures\tare\tengaged\tare\tthe\tsubject\tof\tsignificant\npublic\tattention.\tWe\thave\texperienced\tand\twe\texpect\tto\tcontinue\tto\tface\tclaims\tarising\tfrom\tor\trelated\tto\tmisuse\tor\tclaimed\tfailures\tof\tsuch\tnew\ttechnologies\nthat\twe\tare\tpioneering.\tIn\taddition,\tthe\tbattery\tpacks\tthat\twe\tproduce\tmake\tuse\tof\tlithium-ion\tcells.\tOn\trare\toccasions,\tlithium-ion\tcells\tcan\trapidly\trelease\tthe\nenergy\tthey\tcontain\tby\tventing\tsmoke\tand\tflames\tin\ta\tmanner\tthat\tcan\tignite\tnearby\tmaterials\tas\twell\tas\tother\tlithium-ion\tcells.\tWhile\twe\thave\tdesigned\tour\nbattery\tpacks\tto\tpassively\tcontain\tany\tsingle\tcell\u2019s\trelease\tof\tenergy\twithout\tspreading\tto\tneighboring\tcells,\tthere\tcan\tbe\tno\tassurance\tthat\ta\tfield\tor\ttesting\nfailure\tof\tour\tvehicles\tor\tother\tbattery\tpacks\tthat\twe\tproduce\twill\tnot\toccur,\tin\tparticular\tdue\tto\ta\thigh-speed\tcrash.\tLikewise,\tas\tour\tsolar\tenergy\tsystems\tand\nenergy\tstorage\tproducts\tgenerate\tand\tstore\telectricity,\tthey\thave\tthe\tpotential\tto\tfail\tor\tcause\tinjury\tto\tpeople\tor\tproperty.\tAny\tproduct\tliability\tclaim\tmay\nsubject\tus\tto\tlawsuits\tand\tsubstantial\tmonetary\tdamages,\tproduct\trecalls\tor\tredesign\tefforts,\tand\teven\ta\tmeritless\tclaim\tmay\trequire\tus\tto\tdefend\tit,\tall\tof\nwhich\tmay\tgenerate\tnegative\tpublicity\tand\tbe\texpensive\tand\ttime-consuming.\tIn\tmost\tjurisdictions,\twe\tgenerally\tself-insure\tagainst\tthe\trisk\tof\tproduct\tliability"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d758e4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 17, "chroma:document": "claims\tfor\tvehicle\texposure,\tmeaning\tthat\tany\tproduct\tliability\tclaims\twill\tlikely\thave\tto\tbe\tpaid\tfrom\tcompany\tfunds\tand\tnot\tby\tinsurance.\nWe\twill\tneed\tto\tmaintain\tpublic\tcredibility\tand\tconfidence\tin\tour\tlong-term\tbusiness\tprospects\tin\torder\tto\tsucceed.\nIn\torder\tto\tmaintain\tand\tgrow\tour\tbusiness,\twe\tmust\tmaintain\tcredibility\tand\tconfidence\tamong\tcustomers,\tsuppliers,\tanalysts,\tinvestors,\tratings\nagencies\tand\tother\tparties\tin\tour\tlong-term\tfinancial\tviability\tand\tbusiness\tprospects.\tMaintaining\tsuch\tconfidence\tmay\tbe\tchallenging\tdue\tto\tour\tlimited\noperating\thistory\trelative\tto\testablished\tcompetitors;\tcustomer\tunfamiliarity\twith\tour\tproducts;\tany\tdelays\twe\tmay\texperience\tin\tscaling\tmanufacturing,\ndelivery\tand\tservice\toperations\tto\tmeet\tdemand;\tcompetition\tand\tuncertainty\tregarding\tthe\tfuture\tof\telectric\tvehicles\tor\tour\tother\tproducts\tand\tservices;\tour\nquarterly\tproduction\tand\tsales\tperformance\tcompared\twith\tmarket\texpectations;\tand\tother\tfactors\tincluding\tthose\tover\twhich\twe\thave\tno\tcontrol.\tIn\tparticular,\nTesla\u2019s\tproducts,\tbusiness,\tresults\tof\toperations,\tstatements\tand\tactions\tare\twell-publicized\tby\ta\trange\tof\tthird\tparties.\tSuch\tattention\tincludes\tfrequent\ncriticism,\twhich\tis\toften\texaggerated\tor\tunfounded,\tsuch\tas\tspeculation\tregarding\tthe\tsufficiency\tor\tstability\tof\tour\tmanagement\tteam.\tAny\tsuch\tnegative\nperceptions,\twhether\tcaused\tby\tus\tor\tnot,\tmay\tharm\tour\tbusiness\tand\tmake\tit\tmore\tdifficult\tto\traise\tadditional\tfunds\tif\tneeded.\n18"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7593e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 18, "chroma:document": "We\tmay\tbe\tunable\tto\teffectively\tgrow,\t\nor\tmanage\n\tthe\tcompliance,\tresidual\tvalue,\tfinancing\tand\tcredit\trisks\trelated\tto,\tour\tvarious\nfinancing\tprograms.\nWe\toffer\tfinancing\tarrangements\tfor\tour\tvehicles\tin\tNorth\tAmerica,\tEurope\tand\tAsia\tprimarily\tthrough\tvarious\tfinancial\tinstitutions.\tWe\talso\tcurrently\noffer\tvehicle\tfinancing\tarrangements\tdirectly\tthrough\tour\tlocal\tsubsidiaries\tin\tcertain\tmarkets.\tDepending\ton\tthe\tcountry,\tsuch\tarrangements\tare\tavailable\tfor\nspecified\tmodels\tand\tmay\tinclude\toperating\tleases\tdirectly\twith\tus\tunder\twhich\twe\ttypically\treceive\tonly\ta\tvery\tsmall\tportion\tof\tthe\ttotal\tvehicle\tpurchase\tprice\nat\tthe\ttime\tof\tlease,\tfollowed\tby\ta\tstream\tof\tpayments\tover\tthe\tterm\tof\tthe\tlease.\tWe\thave\talso\toffered\tvarious\tarrangements\tfor\tcustomers\tof\tour\tsolar\tenergy\nsystems\twhereby\tthey\tpay\tus\ta\tfixed\tpayment\tto\tlease\tor\tfinance\tthe\tpurchase\tof\tsuch\tsystems\tor\tpurchase\telectricity\tgenerated\tby\tthem.\tIf\twe\tdo\tnot\nsuccessfully\tmonitor\tand\tcomply\twith\tapplicable\tnational,\tstate\tand/or\tlocal\tfinancial\tregulations\tand\tconsumer\tprotection\tlaws\tgoverning\tthese\ttransactions,\nwe\tmay\tbecome\tsubject\tto\tenforcement\tactions\tor\tpenalties.\nThe\tprofitability\tof\tany\tdirectly-leased\tvehicles\treturned\tto\tus\tat\tthe\tend\tof\ttheir\tleases\tdepends\ton\tour\tability\tto\taccurately\tproject\tour\tvehicles\u2019\tresidual\nvalues\tat\tthe\toutset\tof\tthe\tleases,\tand\tsuch\tvalues\tmay\tfluctuate\tprior\tto\tthe\tend\tof\ttheir\tterms\tdepending\ton\tvarious\tfactors\tsuch\tas\tsupply\tand\tdemand\tof\tour\nused\tvehicles,\teconomic\tcycles\tand\tthe\tpricing\tof\tnew\tvehicles.\tWe\thave\tmade\tin\tthe\tpast\tand\tmay\tmake\tin\tthe\tfuture\tcertain\tadjustments\tto\tour\tprices\tfrom"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d75998-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 18, "chroma:document": "time\tto\ttime\tin\tthe\tordinary\tcourse\tof\tbusiness,\twhich\tmay\timpact\tthe\tresidual\tvalues\tof\tour\tvehicles\tand\treduce\tthe\tprofitability\tof\tour\tvehicle\tleasing\tprogram.\nThe\tfunding\tand\tgrowth\tof\tthis\tprogram\talso\trelies\ton\tour\tability\tto\tsecure\tadequate\tfinancing\tand/or\tbusiness\tpartners.\tIf\twe\tare\tunable\tto\tadequately\tfund\tour\nleasing\tprogram\tthrough\tinternal\tfunds,\tpartners\tor\tother\tfinancing\tsources,\tand\tcompelling\talternative\tfinancing\tprograms\tare\tnot\tavailable\tfor\tour\tcustomers\nwho\tmay\texpect\tor\tneed\tsuch\toptions,\twe\tmay\tbe\tunable\tto\tgrow\tour\tvehicle\tdeliveries.\tFurthermore,\tif\tour\tvehicle\tleasing\tbusiness\tgrows\tsubstantially,\tour\nbusiness\tmay\tsuffer\tif\twe\tcannot\teffectively\tmanage\tthe\tresulting\tgreater\tlevels\tof\tresidual\trisk.\nSimilarly,\twe\thave\tprovided\tresale\tvalue\tguarantees\tto\tvehicle\tcustomers\tand\tpartners\tfor\tcertain\tfinancing\tprograms,\tunder\twhich\tsuch\tcounterparties\nmay\tsell\ttheir\tvehicles\tback\tto\tus\tat\tcertain\tpoints\tin\ttime\tat\tpre-determined\tamounts.\tHowever,\tactual\tresale\tvalues\tare\tsubject\tto\tfluctuations\tover\tthe\tterm\tof\nthe\tfinancing\tarrangements,\tsuch\tas\tfrom\tthe\tvehicle\tpricing\tchanges\tdiscussed\tabove.\tIf\tthe\tactual\tresale\tvalues\tof\tany\tvehicles\tresold\tor\treturned\tto\tus\npursuant\tto\tthese\tprograms\tare\tmaterially\tlower\tthan\tthe\tpre-determined\tamounts\twe\thave\toffered,\tour\tfinancial\tcondition\tand\toperating\tresults\tmay\tbe\nharmed.\nFinally,\tour\tvehicle\tand\tsolar\tenergy\tsystem\tfinancing\tprograms\tand\tour\tenergy\tstorage\tsales\tprograms\talso\texpose\tus\tto\tcustomer\tcredit\trisk.\tIn\tthe\nevent\tof\ta\twidespread\teconomic\tdownturn\tor\tother\tcatastrophic\tevent,\tour\tcustomers\tmay\tbe\tunable\tor\tunwilling\tto\tsatisfy\ttheir\tpayment\tobligations\tto\tus\ton\ta"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d75a74-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 18, "chroma:document": "timely\tbasis\tor\tat\tall.\tIf\ta\tsignificant\tnumber\tof\tour\tcustomers\tdefault,\twe\tmay\tincur\tsubstantial\tcredit\tlosses\tand/or\timpairment\tcharges\twith\trespect\tto\tthe\nunderlying\tassets.\nWe\tmust\tmanage\tongoing\tobligations\tunder\tour\tagreement\twith\tthe\tResearch\tFoundation\tfor\tthe\tState\tUniversity\tof\tNew\tYork\trelating\tto\nour\tGigafactory\tNew\tYork.\nWe\tare\tparty\tto\tan\toperating\tlease\tand\ta\tresearch\tand\tdevelopment\tagreement\tthrough\tthe\tSUNY\tFoundation.\tThese\tagreements\tprovide\tfor\tthe\nconstruction\tand\tuse\tof\tour\tGigafactory\tNew\tYork,\twhich\twe\thave\tprimarily\tused\tfor\tthe\tdevelopment\tand\tproduction\tof\tour\tSolar\tRoof\tand\tother\tsolar\tproducts\nand\tcomponents,\tenergy\tstorage\tcomponents\tand\tSupercharger\tcomponents,\tand\tfor\tother\tlessor-approved\tfunctions.\tUnder\tthis\tagreement,\twe\tare\tobligated\nto,\tamong\tother\tthings,\tmeet\temployment\ttargets\tas\twell\tas\tspecified\tminimum\tnumbers\tof\tpersonnel\tin\tthe\tState\tof\tNew\tYork\tand\tin\tBuffalo,\tNew\tYork\tand\nspend\tor\tincur\t$5.00\tbillion\tin\tcombined\tcapital,\toperational\texpenses,\tcosts\tof\tgoods\tsold\tand\tother\tcosts\tin\tthe\tState\tof\tNew\tYork\tduring\tthe\t10-year\tperiod\nbeginning\tApril\t30,\t2018.\tAs\twe\ttemporarily\tsuspended\tmost\tof\tour\tmanufacturing\toperations\tat\tGigafactory\tNew\tYork\tpursuant\tto\ta\tNew\tYork\tState\texecutive\norder\tissued\tin\tMarch\t2020\tas\ta\tresult\tof\tthe\tCOVID-19\tpandemic,\twe\twere\tgranted\ta\tone-year\tdeferral\tof\tour\tobligation\tto\tbe\tcompliant\twith\tour\tapplicable\ntargets\tunder\tsuch\tagreement\ton\tApril\t30,\t2020,\twhich\twas\tmemorialized\tin\tan\tamendment\tto\tour\tagreement\twith\tthe\tSUNY\tFoundation\tin\tJuly\t2020.\tWhile\twe"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d75b1e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 18, "chroma:document": "expect\tto\thave\tand\tgrow\tsignificant\toperations\tat\tGigafactory\tNew\tYork\tand\tthe\tsurrounding\tBuffalo\tarea,\tany\tfailure\tby\tus\tin\tany\tyear\tover\tthe\tcourse\tof\tthe\nterm\tof\tthe\tagreement\tto\tmeet\tall\tapplicable\tfuture\tobligations\tmay\tresult\tin\tour\tobligation\tto\tpay\ta\t\u201cprogram\tpayment\u201d\tof\t$41\tmillion\tto\tthe\tSUNY\tFoundation\nfor\tsuch\tyear,\tthe\ttermination\tof\tour\tlease\tat\tGigafactory\tNew\tYork\twhich\tmay\trequire\tus\tto\tpay\tadditional\tpenalties\tand/or\tthe\tneed\tto\tadjust\tcertain\tof\tour\noperations,\tin\tparticular\tour\tproduction\tramp\tof\tthe\tSolar\tRoof\tor\tother\tcomponents.\tAny\tof\tthe\tforegoing\tevents\tmay\tharm\tour\tbusiness,\tfinancial\tcondition\nand\toperating\tresults.\nIf\twe\tare\tunable\tto\tattract,\thire\tand\tretain\tkey\temployees\tand\tqualified\tpersonnel,\tour\tability\tto\tcompete\tmay\tbe\tharmed.\nThe\tloss\tof\tthe\tservices\tof\tany\tof\tour\tkey\temployees\tor\tany\tsignificant\tportion\tof\tour\tworkforce\tcould\tdisrupt\tour\toperations\tor\tdelay\tthe\tdevelopment,\nintroduction\tand\tramp\tof\tour\tproducts\tand\tservices.\tIn\tparticular,\twe\tare\thighly\tdependent\ton\tthe\tservices\tof\tElon\tMusk,\tour\tChief\tExecutive\tOfficer.\tNone\tof\nour\tkey\temployees\tis\tbound\tby\tan\temployment\tagreement\tfor\tany\tspecific\tterm\tand\twe\tmay\tnot\tbe\table\tto\tsuccessfully\tattract\tand\tretain\tsenior\tleadership\nnecessary\tto\tgrow\tour\tbusiness.\tOur\tfuture\tsuccess\talso\tdepends\tupon\tour\tability\tto\tattract,\thire\tand\tretain\ta\tlarge\tnumber\tof\tengineering,\tmanufacturing,\nmarketing,\tsales\tand\tdelivery,\tservice,\tinstallation,\ttechnology\tand\tsupport\tpersonnel,\tespecially\tto\tsupport\tour\tplanned\thigh-volume\tproduct\tsales,\tmarket\tand\ngeographical\n19"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d75baa-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 19, "chroma:document": "expansion\tand\ttechnological\tinnovation\ns\n.\tRecruiting\tefforts,\tparticularly\tfor\tsenior\temployees,\tmay\tbe\ttime-consuming,\twhich\tmay\tdelay\tthe\texecution\tof\tour\nplans.\tIf\twe\tare\tnot\tsuccessful\tin\tmanaging\tthese\trisks,\tour\tbusiness,\tfinancial\tcondition\tand\toperating\tresults\tmay\tbe\tharmed.\nEmployees\tmay\tleave\tTesla\tor\tchoose\tother\temployers\tover\tTesla\tdue\tto\tvarious\tfactors,\tsuch\tas\ta\tvery\tcompetitive\tlabor\tmarket\tfor\ttalented\tindividuals\nwith\tautomotive\tor\ttechnology\texperience,\tor\tany\tnegative\tpublicity\trelated\tto\tus.\tIn\tCalifornia,\tNevada\tand\tother\tregions\twhere\twe\thave\toperations,\tthere\tis\nincreasing\tcompetition\tfor\tindividuals\twith\tskillsets\tneeded\tfor\tour\tbusiness,\tincluding\tspecialized\tknowledge\tof\telectric\tvehicles,\tsoftware\tengineering,\nmanufacturing\tengineering\tand\telectrical\tand\tbuilding\tconstruction\texpertise.\tMoreover,\twe\tmay\tbe\timpacted\tby\tperceptions\trelating\tto\treductions\tin\tforce\nthat\twe\thave\tconducted\tin\tthe\tpast\tin\torder\tto\toptimize\tour\torganizational\tstructure\tand\treduce\tcosts\tand\tthe\tdeparture\tof\tcertain\tsenior\tpersonnel\tfor\tvarious\nreasons.\tLikewise,\tas\ta\tresult\tof\tour\ttemporary\tsuspension\tof\tvarious\tU.S.\tmanufacturing\toperations\tin\tthe\tfirst\thalf\tof\t2020,\tin\tApril\t2020\twe\ttemporarily\nfurloughed\tcertain\thourly\temployees\tand\treduced\tmost\tsalaried\temployees\u2019\tbase\tsalaries.\tWe\talso\tcompete\twith\tboth\tmature\tand\tprosperous\tcompanies\tthat\nhave\tfar\tgreater\tfinancial\tresources\tthan\twe\tdo\tand\tstart-ups\tand\temerging\tcompanies\tthat\tpromise\tshort-term\tgrowth\topportunities.\nFinally,\tour\tcompensation\tphilosophy\tfor\tall\tof\tour\tpersonnel\treflects\tour\tstartup\torigins,\twith\tan\temphasis\ton\tequity-based\tawards\tand\tbenefits\tin\torder"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d75c72-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 19, "chroma:document": "to\tclosely\talign\ttheir\tincentives\twith\tthe\tlong-term\tinterests\tof\tour\tstockholders.\tWe\tperiodically\tseek\tand\tobtain\tapproval\tfrom\tour\tstockholders\tfor\tfuture\nincreases\tto\tthe\tnumber\tof\tawards\tavailable\tunder\tour\tequity\tincentive\tand\temployee\tstock\tpurchase\tplans.\tIf\twe\tare\tunable\tto\tobtain\tthe\trequisite\tstockholder\napprovals\tfor\tsuch\tfuture\tincreases,\twe\tmay\thave\tto\texpend\tadditional\tcash\tto\tcompensate\tour\temployees\tand\tour\tability\tto\tretain\tand\thire\tqualified\tpersonnel\nmay\tbe\tharmed.\nWe\tare\thighly\tdependent\ton\tthe\tservices\tof\tElon\tMusk,\tour\tChief\tExecutive\tOfficer.\nWe\tare\thighly\tdependent\ton\tthe\tservices\tof\tElon\tMusk,\tour\tChief\tExecutive\tOfficer\tand\tlargest\tstockholder.\tAlthough\tMr.\tMusk\tspends\tsignificant\ttime\nwith\tTesla\tand\tis\thighly\tactive\tin\tour\tmanagement,\the\tdoes\tnot\tdevote\this\tfull\ttime\tand\tattention\tto\tTesla.\tMr.\tMusk\talso\tcurrently\tserves\tas\tChief\tExecutive\nOfficer\tand\tChief\tTechnical\tOfficer\tof\tSpace\tExploration\tTechnologies\tCorp.,\ta\tdeveloper\tand\tmanufacturer\tof\tspace\tlaunch\tvehicles,\tand\tis\tinvolved\tin\tother\nemerging\ttechnology\tventures.\nWe\tmust\tmanage\trisks\trelating\tto\tour\tinformation\ttechnology\tsystems\tand\tthe\tthreat\tof\tintellectual\tproperty\ttheft,\tdata\tbreaches\tand\ncyber-attacks.\nWe\tmust\tcontinue\tto\texpand\tand\timprove\tour\tinformation\ttechnology\tsystems\tas\tour\toperations\tgrow,\tsuch\tas\tproduct\tdata\tmanagement,\tprocurement,\ninventory\tmanagement,\tproduction\tplanning\tand\texecution,\tsales,\tservice\tand\tlogistics,\tdealer\tmanagement,\tfinancial,\ttax\tand\tregulatory\tcompliance\tsystems.\nThis\tincludes\tthe\timplementation\tof\tnew\tinternally\tdeveloped\tsystems\tand\tthe\tdeployment\tof\tsuch\tsystems\tin\tthe\tU.S.\tand\tabroad.\tWe\tmust\talso\tcontinue\tto"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d75d26-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 19, "chroma:document": "maintain\tinformation\ttechnology\tmeasures\tdesigned\tto\tprotect\tus\tagainst\tintellectual\tproperty\ttheft,\tdata\tbreaches,\tsabotage\tand\tother\texternal\tor\tinternal\ncyber-attacks\tor\tmisappropriation.\tHowever,\tthe\timplementation,\tmaintenance,\tsegregation\tand\timprovement\tof\tthese\tsystems\trequire\tsignificant\tmanagement\ntime,\tsupport\tand\tcost,\tand\tthere\tare\tinherent\trisks\tassociated\twith\tdeveloping,\timproving\tand\texpanding\tour\tcore\tsystems\tas\twell\tas\timplementing\tnew\nsystems\tand\tupdating\tcurrent\tsystems,\tincluding\tdisruptions\tto\tthe\trelated\tareas\tof\tbusiness\toperation.\tThese\trisks\tmay\taffect\tour\tability\tto\tmanage\tour\tdata\nand\tinventory,\tprocure\tparts\tor\tsupplies\tor\tmanufacture,\tsell,\tdeliver\tand\tservice\tproducts,\tadequately\tprotect\tour\tintellectual\tproperty\tor\tachieve\tand\tmaintain\ncompliance\twith,\tor\trealize\tavailable\tbenefits\tunder,\ttax\tlaws\tand\tother\tapplicable\tregulations.\nMoreover,\tif\twe\tdo\tnot\tsuccessfully\timplement,\tmaintain\tor\texpand\tthese\tsystems\tas\tplanned,\tour\toperations\tmay\tbe\tdisrupted,\tour\tability\tto\taccurately\nand/or\ttimely\treport\tour\tfinancial\tresults\tcould\tbe\timpaired\tand\tdeficiencies\tmay\tarise\tin\tour\tinternal\tcontrol\tover\tfinancial\treporting,\twhich\tmay\timpact\tour\nability\tto\tcertify\tour\tfinancial\tresults.\tMoreover,\tour\tproprietary\tinformation\tor\tintellectual\tproperty\tcould\tbe\tcompromised\tor\tmisappropriated\tand\tour\nreputation\tmay\tbe\tadversely\taffected.\tIf\tthese\tsystems\tor\ttheir\tfunctionality\tdo\tnot\toperate\tas\twe\texpect\tthem\tto,\twe\tmay\tbe\trequired\tto\texpend\tsignificant\nresources\tto\tmake\tcorrections\tor\tfind\talternative\tsources\tfor\tperforming\tthese\tfunctions.\nAny\tunauthorized\tcontrol\tor\tmanipulation\tof\tour\tproducts\u2019\tsystems\tcould\tresult\tin\tloss\tof\tconfidence\tin\tus\tand\tour\tproducts."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d75dbc-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 19, "chroma:document": "Our\tproducts\tcontain\tcomplex\tinformation\ttechnology\tsystems.\tFor\texample,\tour\tvehicles\tand\tenergy\tstorage\tproducts\tare\tdesigned\twith\tbuilt-in\tdata\nconnectivity\tto\taccept\tand\tinstall\tperiodic\tremote\tupdates\tfrom\tus\tto\timprove\tor\tupdate\ttheir\tfunctionality.\tWhile\twe\thave\timplemented\tsecurity\tmeasures\nintended\tto\tprevent\tunauthorized\taccess\tto\tour\tinformation\ttechnology\tnetworks,\tour\tproducts\tand\ttheir\tsystems,\tmalicious\tentities\thave\treportedly\tattempted,\nand\tmay\tattempt\tin\tthe\tfuture,\tto\tgain\tunauthorized\taccess\tto\tmodify,\talter\tand\tuse\tsuch\tnetworks,\tproducts\tand\tsystems\tto\tgain\tcontrol\tof,\tor\tto\tchange,\tour\nproducts\u2019\tfunctionality,\tuser\tinterface\tand\tperformance\tcharacteristics\tor\tto\tgain\taccess\tto\tdata\tstored\tin\tor\tgenerated\tby\tour\tproducts.\tWe\tencourage\nreporting\tof\tpotential\tvulnerabilities\tin\tthe\tsecurity\tof\tour\tproducts\tthrough\tour\tsecurity\tvulnerability\treporting\tpolicy,\tand\twe\taim\tto\tremedy\tany\treported\tand\nverified\tvulnerability.\tHowever,\tthere\tcan\tbe\tno\tassurance\tthat\tany\tvulnerabilities\twill\tnot\tbe\texploited\tbefore\tthey\tcan\tbe\tidentified,\tor\tthat\tour\tremediation\nefforts\tare\tor\twill\tbe\tsuccessful.\n20"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d75e48-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 20, "chroma:document": "Any\tunauthorized\taccess\tto\tor\tcontrol\tof\tour\tproducts\tor\ttheir\tsystems\tor\tany\tloss\tof\tdata\tcould\tresult\tin\tlegal\tclaims\n\tor\tgovernment\tinvestigations\n.\tIn\naddition,\tregardless\tof\ttheir\tveracity,\treports\tof\tunauthorized\taccess\tto\tour\tproducts,\ttheir\tsystems\tor\tdata,\tas\twell\tas\tother\tfactors\tthat\tmay\tresult\tin\tthe\nperception\tthat\tour\tproducts,\ttheir\tsystems\tor\tdata\tare\tcapable\tof\tbeing\thacked,\tmay\t\nharm\tour\tbrand,\tprospects\tand\toperating\tresults.\tWe\thave\tbeen\tthe\nsubject\tof\tsuch\treports\tin\tthe\tpast.\nOur\tbusiness\tmay\tbe\tadversely\taffected\tby\tany\tdisruptions\tcaused\tby\tunion\tactivities.\nIt\tis\tnot\tuncommon\tfor\temployees\tof\tcertain\ttrades\tat\tcompanies\tsuch\tas\tus\tto\tbelong\tto\ta\tunion,\twhich\tcan\tresult\tin\thigher\temployee\tcosts\tand\nincreased\trisk\tof\twork\tstoppages.\tMoreover,\tregulations\tin\tsome\tjurisdictions\toutside\tof\tthe\tU.S.\tmandate\temployee\tparticipation\tin\tindustrial\tcollective\nbargaining\tagreements\tand\twork\tcouncils\twith\tcertain\tconsultation\trights\twith\trespect\tto\tthe\trelevant\tcompanies\u2019\toperations.\tAlthough\twe\twork\tdiligently\tto\nprovide\tthe\tbest\tpossible\twork\tenvironment\tfor\tour\temployees,\tthey\tmay\tstill\tdecide\tto\tjoin\tor\tseek\trecognition\tto\tform\ta\tlabor\tunion,\tor\twe\tmay\tbe\trequired\tto\nbecome\ta\tunion\tsignatory.\tFrom\ttime\tto\ttime,\tlabor\tunions\thave\tengaged\tin\tcampaigns\tto\torganize\tcertain\tof\tour\toperations,\tas\tpart\tof\twhich\tsuch\tunions\thave\nfiled\tunfair\tlabor\tpractice\tcharges\tagainst\tus\twith\tthe\tNational\tLabor\tRelations\tBoard,\tand\tthey\tmay\tdo\tso\tin\tthe\tfuture.\tIn\tSeptember\t2019,\tan\tadministrative\nlaw\tjudge\tissued\ta\trecommended\tdecision\tfor\tTesla\ton\tcertain\tissues\tand\tagainst\tus\ton\tcertain\tothers.\tThe\tNational\tLabor\tRelations\tBoard\thas\tnot\tyet\tadopted"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d75eca-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 20, "chroma:document": "the\trecommendation\tand\twe\thave\tappealed\tcertain\taspects\tof\tthe\trecommended\tdecision.\tAny\tunfavorable\tultimate\toutcome\tfor\tTesla\tmay\thave\ta\tnegative\nimpact\ton\tthe\tperception\tof\tTesla\u2019s\ttreatment\tof\tour\temployees.\tFurthermore,\twe\tare\tdirectly\tor\tindirectly\tdependent\tupon\tcompanies\twith\tunionized\twork\nforces,\tsuch\tas\tsuppliers\tand\ttrucking\tand\tfreight\tcompanies.\tAny\twork\tstoppages\tor\tstrikes\torganized\tby\tsuch\tunions\tcould\tdelay\tthe\tmanufacture\tand\tsale\tof\nour\tproducts\tand\tmay\tharm\tour\tbusiness\tand\toperating\tresults.\nWe\tmay\tchoose\tto\tor\tbe\tcompelled\tto\tundertake\tproduct\trecalls\tor\ttake\tother\tsimilar\tactions.\nAs\ta\tmanufacturing\tcompany,\twe\tmust\tmanage\tthe\trisk\tof\tproduct\trecalls\twith\trespect\tto\tour\tproducts.\tRecalls\tfor\tour\tvehicles\thave\tresulted\tfrom,\tfor\nexample,\tindustry-wide\tissues\twith\tairbags\tfrom\ta\tparticular\tsupplier,\tconcerns\tof\tcorrosion\tin\tModel\tS\tand\tModel\tX\tpower\tsteering\tassist\tmotor\tbolts,\tcertain\nsuspension\tfailures\tin\tModel\tS\tand\tModel\tX\tand\tissues\twith\tModel\tS\tand\tModel\tX\tmedia\tcontrol\tunits.\tIn\taddition\tto\trecalls\tinitiated\tby\tus\tfor\tvarious\tcauses,\ntesting\tof\tor\tinvestigations\tinto\tour\tproducts\tby\tgovernment\tregulators\tor\tindustry\tgroups\tmay\tcompel\tus\tto\tinitiate\tproduct\trecalls\tor\tmay\tresult\tin\tnegative\npublic\tperceptions\tabout\tthe\tsafety\tof\tour\tproducts,\teven\tif\twe\tdisagree\twith\tthe\tdefect\tdetermination\tor\thave\tdata\tthat\tshows\tthe\tactual\tsafety\trisk\tto\tbe\tnon-\nexistent.\tIn\tthe\tfuture,\twe\tmay\tvoluntarily\tor\tinvoluntarily\tinitiate\trecalls\tif\tany\tof\tour\tproducts\tare\tdetermined\tby\tus\tor\ta\tregulator\tto\tcontain\ta\tsafety\tdefect\tor"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d75f56-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 20, "chroma:document": "be\tnoncompliant\twith\tapplicable\tlaws\tand\tregulations,\tsuch\tas\tU.S.\tfederal\tmotor\tvehicle\tsafety\tstandards.\tSuch\trecalls,\twhether\tvoluntary\tor\tinvoluntary\tor\ncaused\tby\tsystems\tor\tcomponents\tengineered\tor\tmanufactured\tby\tus\tor\tour\tsuppliers,\tcould\tresult\tin\tsignificant\texpense,\tsupply\tchain\tcomplications\tand\nservice\tburdens,\tand\tmay\tharm\tour\tbrand,\tbusiness,\tprospects,\tfinancial\tcondition\tand\toperating\tresults.\nOur\tcurrent\tand\tfuture\twarranty\treserves\tmay\tbe\tinsufficient\tto\tcover\tfuture\twarranty\tclaims.\nWe\tprovide\ta\tmanufacturer\u2019s\twarranty\ton\tall\tnew\tand\tused\tTesla\tvehicles\twe\tsell.\tWe\talso\tprovide\tcertain\twarranties\twith\trespect\tto\tthe\tenergy\ngeneration\tand\tstorage\tsystems\twe\tsell,\tincluding\ton\ttheir\tinstallation\tand\tmaintenance,\tand\tfor\tcomponents\tnot\tmanufactured\tby\tus,\twe\tgenerally\tpass\nthrough\tto\tour\tcustomers\tthe\tapplicable\tmanufacturers\u2019\twarranties.\tAs\tpart\tof\tour\tenergy\tgeneration\tand\tstorage\tsystem\tcontracts,\twe\tmay\tprovide\tthe\ncustomer\twith\tperformance\tguarantees\tthat\twarrant\tthat\tthe\tunderlying\tsystem\twill\tmeet\tor\texceed\tthe\tminimum\tenergy\tgeneration\tor\tother\tenergy\nperformance\trequirements\tspecified\tin\tthe\tcontract.\tUnder\tthese\tperformance\tguarantees,\twe\tbear\tthe\trisk\tof\telectricity\tproduction\tor\tother\tperformance\nshortfalls,\teven\tif\tthey\tresult\tfrom\tfailures\tin\tcomponents\tfrom\tthird\tparty\tmanufacturers.\tThese\trisks\tare\texacerbated\tin\tthe\tevent\tsuch\tmanufacturers\tcease\noperations\tor\tfail\tto\thonor\ttheir\twarranties.\nIf\tour\twarranty\treserves\tare\tinadequate\tto\tcover\tfuture\twarranty\tclaims\ton\tour\tproducts,\tour\tfinancial\tcondition\tand\toperating\tresults\tmay\tbe\tharmed.\nWarranty\treserves\tinclude\tour\tmanagement\u2019s\tbest\testimates\tof\tthe\tprojected\tcosts\tto\trepair\tor\tto\treplace\titems\tunder\twarranty,\twhich\tare\tbased\ton\tactual"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d75fe2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 20, "chroma:document": "claims\tincurred\tto\tdate\tand\tan\testimate\tof\tthe\tnature,\tfrequency\tand\tcosts\tof\tfuture\tclaims.\tSuch\testimates\tare\tinherently\tuncertain\tand\tchanges\tto\tour\nhistorical\tor\tprojected\texperience,\tespecially\twith\trespect\tto\tproducts\tsuch\tas\tModel\t3,\tModel\tY\tand\tSolar\tRoof\tthat\twe\thave\trecently\tintroduced\tand/or\tthat\twe\nexpect\tto\tproduce\tat\tsignificantly\tgreater\tvolumes\tthan\tour\tpast\tproducts,\tmay\tcause\tmaterial\tchanges\tto\tour\twarranty\treserves\tin\tthe\tfuture.\nOur\tinsurance\tcoverage\tstrategy\tmay\tnot\tbe\tadequate\tto\tprotect\tus\tfrom\tall\tbusiness\trisks.\nWe\tmay\tbe\tsubject,\tin\tthe\tordinary\tcourse\tof\tbusiness,\tto\tlosses\tresulting\tfrom\tproducts\tliability,\taccidents,\tacts\tof\tGod\tand\tother\tclaims\tagainst\tus,\tfor\nwhich\twe\tmay\thave\tno\tinsurance\tcoverage.\tAs\ta\tgeneral\tmatter,\twe\tdo\tnot\tmaintain\tas\tmuch\tinsurance\tcoverage\tas\tmany\tother\tcompanies\tdo,\tand\tin\tsome\ncases,\twe\tdo\tnot\tmaintain\tany\tat\tall.\tAdditionally,\tthe\tpolicies\tthat\twe\tdo\thave\tmay\tinclude\tsignificant\tdeductibles\tor\tself-insured\tretentions,\tpolicy\tlimitations\nand\texclusions,\tand\twe\tcannot\tbe\tcertain\tthat\tour\tinsurance\tcoverage\twill\tbe\tsufficient\tto\tcover\tall\tfuture\tlosses\tor\tclaims\tagainst\tus.\tA\tloss\tthat\tis\tuninsured\tor\nwhich\texceeds\tpolicy\tlimits\tmay\trequire\tus\tto\tpay\tsubstantial\tamounts,\twhich\tmay\tharm\tour\tfinancial\tcondition\tand\toperating\tresults.\n21"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7606e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 21, "chroma:document": "There\tis\tno\tguarantee\tthat\twe\twill\thave\tsufficient\tcash\tflow\tfrom\tour\tbusiness\tto\tpay\tour\tsubstantial\tindebtedness\tor\tthat\twe\twill\tnot\nincur\tadditional\tindebtedness.\nAs\tof\tDecember\t31,\t2020,\twe\tand\tour\tsubsidiaries\thad\toutstanding\t$10.57\tbillion\tin\taggregate\tprincipal\tamount\tof\tindebtedness\t(see\tNote\t12,\t\nDebt\n,\tto\nthe\tconsolidated\tfinancial\tstatements\tincluded\telsewhere\tin\tthis\tAnnual\tReport\ton\tForm\t10-K).\tOur\tsubstantial\tconsolidated\tindebtedness\tmay\tincrease\tour\nvulnerability\tto\tany\tgenerally\tadverse\teconomic\tand\tindustry\tconditions.\tWe\tand\tour\tsubsidiaries\tmay,\tsubject\tto\tthe\tlimitations\tin\tthe\tterms\tof\tour\texisting\tand\nfuture\tindebtedness,\tincur\tadditional\tdebt,\tsecure\texisting\tor\tfuture\tdebt\tor\trecapitalize\tour\tdebt.\nHolders\tof\tconvertible\tsenior\tnotes\tissued\tby\tus\tor\tour\tsubsidiary\tmay\tconvert\tsuch\tnotes\tat\ttheir\toption\tprior\tto\tthe\tscheduled\tmaturities\tof\tthe\nrespective\tconvertible\tsenior\tnotes\tunder\tcertain\tcircumstances\tpursuant\tto\tthe\tterms\tof\tsuch\tnotes.\tUpon\tconversion\tof\tthe\tapplicable\tconvertible\tsenior\nnotes,\twe\twill\tbe\tobligated\tto\tdeliver\tcash\tand/or\tshares\tpursuant\tto\tthe\tterms\tof\tsuch\tnotes.\tFor\texample,\tas\tour\tstock\tprice\thas\tsignificantly\tincreased\nrecently,\twe\thave\tseen\thigher\tlevels\tof\tearly\tconversions\tof\tsuch\t\u201cin-the-money\u201d\tconvertible\tsenior\tnotes.\tMoreover,\tholders\tof\tsuch\tconvertible\tsenior\tnotes\nmay\thave\tthe\tright\tto\trequire\tus\tto\trepurchase\ttheir\tnotes\tupon\tthe\toccurrence\tof\ta\tfundamental\tchange\tpursuant\tto\tthe\tterms\tof\tsuch\tnotes."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d76104-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 21, "chroma:document": "Our\tability\tto\tmake\tscheduled\tpayments\tof\tthe\tprincipal\tand\tinterest\ton\tour\tindebtedness\twhen\tdue,\tto\tmake\tpayments\tupon\tconversion\tor\trepurchase\ndemands\twith\trespect\tto\tour\tconvertible\tsenior\tnotes\tor\tto\trefinance\tour\tindebtedness\tas\twe\tmay\tneed\tor\tdesire,\tdepends\ton\tour\tfuture\tperformance,\twhich\tis\nsubject\tto\teconomic,\tfinancial,\tcompetitive\tand\tother\tfactors\tbeyond\tour\tcontrol.\tOur\tbusiness\tmay\tnot\tcontinue\tto\tgenerate\tcash\tflow\tfrom\toperations\tin\tthe\nfuture\tsufficient\tto\tsatisfy\tour\tobligations\tunder\tour\texisting\tindebtedness\tand\tany\tfuture\tindebtedness\twe\tmay\tincur,\tand\tto\tmake\tnecessary\tcapital\nexpenditures.\tIf\twe\tare\tunable\tto\tgenerate\tsuch\tcash\tflow,\twe\tmay\tbe\trequired\tto\tadopt\tone\tor\tmore\talternatives,\tsuch\tas\treducing\tor\tdelaying\tinvestments\tor\ncapital\texpenditures,\tselling\tassets,\trefinancing\tor\tobtaining\tadditional\tequity\tcapital\ton\tterms\tthat\tmay\tbe\tonerous\tor\thighly\tdilutive.\tOur\tability\tto\trefinance\nexisting\tor\tfuture\tindebtedness\twill\tdepend\ton\tthe\tcapital\tmarkets\tand\tour\tfinancial\tcondition\tat\tsuch\ttime.\tIn\taddition,\tour\tability\tto\tmake\tpayments\tmay\tbe\nlimited\tby\tlaw,\tby\tregulatory\tauthority\tor\tby\tagreements\tgoverning\tour\tfuture\tindebtedness.\tWe\tmay\tnot\tbe\table\tto\tengage\tin\tthese\tactivities\ton\tdesirable\nterms\tor\tat\tall,\twhich\tmay\tresult\tin\ta\tdefault\ton\tour\texisting\tor\tfuture\tindebtedness\tand\tharm\tour\tfinancial\tcondition\tand\toperating\tresults.\nOur\tdebt\tagreements\tcontain\tcovenant\trestrictions\tthat\tmay\tlimit\tour\tability\tto\toperate\tour\tbusiness.\nThe\tterms\tof\tcertain\tof\tour\tcredit\tfacilities,\tincluding\tour\tsenior\tasset-based\trevolving\tcredit\tagreement,\tcontain,\tand\tany\tof\tour\tother\tfuture\tdebt"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d76190-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 21, "chroma:document": "agreements\tmay\tcontain,\tcovenant\trestrictions\tthat\tlimit\tour\tability\tto\toperate\tour\tbusiness,\tincluding\trestrictions\ton\tour\tability\tto,\tamong\tother\tthings,\tincur\nadditional\tdebt\tor\tissue\tguarantees,\tcreate\tliens,\trepurchase\tstock,\tor\tmake\tother\trestricted\tpayments,\tand\tmake\tcertain\tvoluntary\tprepayments\tof\tspecified\ndebt.\tIn\taddition,\tunder\tcertain\tcircumstances\twe\tare\trequired\tto\tcomply\twith\ta\tfixed\tcharge\tcoverage\tratio.\tAs\ta\tresult\tof\tthese\tcovenants,\tour\tability\tto\nrespond\tto\tchanges\tin\tbusiness\tand\teconomic\tconditions\tand\tengage\tin\tbeneficial\ttransactions,\tincluding\tto\tobtain\tadditional\tfinancing\tas\tneeded,\tmay\tbe\nrestricted.\tFurthermore,\tour\tfailure\tto\tcomply\twith\tour\tdebt\tcovenants\tcould\tresult\tin\ta\tdefault\tunder\tour\tdebt\tagreements,\twhich\tcould\tpermit\tthe\tholders\tto\naccelerate\tour\tobligation\tto\trepay\tthe\tdebt.\tIf\tany\tof\tour\tdebt\tis\taccelerated,\twe\tmay\tnot\thave\tsufficient\tfunds\tavailable\tto\trepay\tit.\nAdditional\tfunds\tmay\tnot\tbe\tavailable\tto\tus\twhen\twe\tneed\tor\twant\tthem.\nOur\tbusiness\tand\tour\tfuture\tplans\tfor\texpansion\tare\tcapital-intensive,\tand\tthe\tspecific\ttiming\tof\tcash\tinflows\tand\toutflows\tmay\tfluctuate\tsubstantially\nfrom\tperiod\tto\tperiod.\tWe\tmay\tneed\tor\twant\tto\traise\tadditional\tfunds\tthrough\tthe\tissuance\tof\tequity,\tequity-related\tor\tdebt\tsecurities\tor\tthrough\tobtaining\ncredit\tfrom\tfinancial\tinstitutions\tto\tfund,\ttogether\twith\tour\tprincipal\tsources\tof\tliquidity,\tthe\tcosts\tof\tdeveloping\tand\tmanufacturing\tour\tcurrent\tor\tfuture\nproducts,\tto\tpay\tany\tsignificant\tunplanned\tor\taccelerated\texpenses\tor\tfor\tnew\tsignificant\tstrategic\tinvestments,\tor\tto\trefinance\tour\tsignificant\tconsolidated"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d76212-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 21, "chroma:document": "indebtedness,\teven\tif\tnot\trequired\tto\tdo\tso\tby\tthe\tterms\tof\tsuch\tindebtedness.\tWe\tcannot\tbe\tcertain\tthat\tadditional\tfunds\twill\tbe\tavailable\tto\tus\ton\tfavorable\nterms\twhen\trequired,\tor\tat\tall.\tIf\twe\tcannot\traise\tadditional\tfunds\twhen\twe\tneed\tthem,\tour\tfinancial\tcondition,\tresults\tof\toperations,\tbusiness\tand\tprospects\ncould\tbe\tmaterially\tand\tadversely\taffected.\nWe\tmay\tbe\tnegatively\timpacted\tby\tany\tearly\tobsolescence\tof\tour\tmanufacturing\tequipment.\nWe\tdepreciate\tthe\tcost\tof\tour\tmanufacturing\tequipment\tover\ttheir\texpected\tuseful\tlives.\tHowever,\tproduct\tcycles\tor\tmanufacturing\ttechnology\tmay\nchange\tperiodically,\tand\twe\tmay\tdecide\tto\tupdate\tour\tproducts\tor\tmanufacturing\tprocesses\tmore\tquickly\tthan\texpected.\tMoreover,\timprovements\tin\nengineering\tand\tmanufacturing\texpertise\tand\tefficiency\tmay\tresult\tin\tour\tability\tto\tmanufacture\tour\tproducts\tusing\tless\tof\tour\tcurrently\tinstalled\tequipment.\nAlternatively,\tas\twe\tramp\tand\tmature\tthe\tproduction\tof\tour\tproducts\tto\thigher\tlevels,\twe\tmay\tdiscontinue\tthe\tuse\tof\talready\tinstalled\tequipment\tin\tfavor\tof\ndifferent\tor\tadditional\tequipment.\tThe\tuseful\tlife\tof\tany\tequipment\tthat\twould\tbe\tretired\tearly\tas\ta\tresult\twould\tbe\tshortened,\tcausing\tthe\tdepreciation\ton\tsuch\nequipment\tto\tbe\taccelerated,\tand\tour\tresults\tof\toperations\tmay\tbe\tharmed.\n22"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7629e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 22, "chroma:document": "We\t\nhold\tand\t\nmay\t\nacquire\t\ndigital\tassets\tthat\tmay\tbe\tsubject\tto\tvolatile\tmarket\tprices,\t\nimpairmen\nt\tand\tunique\trisks\tof\tloss.\n\t\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,\twhich\twas\tduly\tapproved\tby\tthe\tAudit\tCommittee\tof\tour\tBoard\tof\tDirectors,\twe\tmay\ninvest\ta\tportion\tof\tsuch\tcash\tin\tcertain\talternative\treserve\tassets\tincluding\tdigital\tassets,\tgold\tbullion,\tgold\texchange-traded\tfunds\tand\tother\tassets\tas\tspecified\nin\tthe\tfuture.\tThereafter,\twe\tinvested\tan\taggregate\t$1.50\tbillion\tin\tbitcoin\tunder\tthis\tpolicy\tand\tmay\tacquire\tand\thold\tdigital\tassets\tfrom\ttime\tto\ttime\tor\tlong-\nterm.\tMoreover,\twe\texpect\tto\tbegin\taccepting\tbitcoin\tas\ta\tform\tof\tpayment\tfor\tour\tproducts\tin\tthe\tnear\tfuture,\tsubject\tto\tapplicable\tlaws\tand\tinitially\ton\ta\nlimited\tbasis,\twhich\twe\tmay\tor\tmay\tnot\tliquidate\tupon\treceipt.\n\t\nThe\tprices\tof\tdigital\tassets\thave\tbeen\tin\tthe\tpast\tand\tmay\tcontinue\tto\tbe\thighly\tvolatile,\tincluding\tas\ta\tresult\tof\tvarious\tassociated\trisks\tand\tuncertainties.\nFor\texample,\tthe\tprevalence\tof\tsuch\tassets\tis\ta\trelatively\trecent\ttrend,\tand\ttheir\tlong-term\tadoption\tby\tinvestors,\tconsumers\tand\tbusinesses\tis\tunpredictable.\nMoreover,\ttheir\tlack\tof\ta\tphysical\tform,\ttheir\treliance\ton\ttechnology\tfor\ttheir\tcreation,\texistence\tand\ttransactional\tvalidation\tand\ttheir\tdecentralization\tmay\nsubject\ttheir\tintegrity\tto\tthe\tthreat\tof\tmalicious\tattacks\tand\ttechnological\tobsolescence.\tFinally,\tthe\textent\tto\twhich\tsecurities\tlaws\tor\tother\tregulations\tapply"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7632a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 22, "chroma:document": "or\tmay\tapply\tin\tthe\tfuture\tto\tsuch\tassets\tis\tunclear\tand\tmay\tchange\tin\tthe\tfuture.\tIf\twe\thold\tdigital\tassets\tand\ttheir\tvalues\tdecrease\trelative\tto\tour\tpurchase\nprices,\tour\tfinancial\tcondition\tmay\tbe\tharmed.\n\t\nMoreover,\tdigital\tassets\tare\tcurrently\tconsidered\tindefinite-lived\tintangible\tassets\tunder\tapplicable\taccounting\trules,\tmeaning\tthat\tany\n\tdecrease\tin\ttheir\nfair\tvalues\tbelow\tour\tcarrying\tvalues\tfor\tsuch\tassets\tat\tany\ttime\tsubsequent\tto\ttheir\tacquisition\twill\trequire\tus\tto\trecognize\timpairment\tcharges,\twhereas\n\twe\nmay\tmake\tno\tupward\trevisions\tfor\tany\tmarket\tprice\tincreases\tuntil\ta\tsale,\twhich\tmay\tadversely\taffect\tour\toperating\tresults\tin\tany\tperiod\tin\twhich\tsuch\nimpairment\toccurs\n.\tMoreover,\tthere\tis\tno\tguarantee\tthat\tfuture\tchanges\tin\tGAAP\twill\tnot\trequire\tus\tto\tchange\tthe\tway\twe\taccount\tfor\tdigital\tassets\theld\tby\tus.\n\t\nFinally,\tas\tintangible\tassets\twithout\tcentralized\tissuers\tor\tgoverning\tbodies,\tdigital\tassets\thave\tbeen,\tand\tmay\tin\tthe\tfuture\tbe,\tsubject\tto\tsecurity\nbreaches,\tcyberattacks\tor\tother\tmalicious\tactivities,\tas\twell\tas\thuman\terrors\tor\tcomputer\tmalfunctions\tthat\tmay\tresult\tin\tthe\tloss\tor\tdestruction\tof\tprivate\tkeys\nneeded\tto\taccess\tsuch\tassets.\tWhile\twe\tintend\tto\ttake\tall\treasonable\tmeasures\tto\tsecure\tany\tdigital\tassets,\tif\tsuch\tthreats\tare\trealized\tor\tthe\tmeasures\tor\ncontrols\twe\tcreate\tor\timplement\tto\tsecure\tour\tdigital\tassets\tfail,\tit\tcould\tresult\tin\ta\tpartial\tor\ttotal\tmisappropriation\tor\tloss\tof\tour\tdigital\tassets,\tand\tour\nfinancial\tcondition\tand\toperating\tresults\tmay\tbe\tharmed.\nWe\tare\texposed\tto\tfluctuations\tin\tcurrency\texchange\trates."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d763c0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 22, "chroma:document": "We\ttransact\tbusiness\tglobally\tin\tmultiple\tcurrencies\tand\thave\tforeign\tcurrency\trisks\trelated\tto\tour\trevenue,\tcosts\tof\trevenue,\toperating\texpenses\tand\nlocalized\tsubsidiary\tdebt\tdenominated\tin\tcurrencies\tother\tthan\tthe\tU.S.\tdollar,\tcurrently\tprimarily\tthe\tChinese\tyuan,\teuro,\tCanadian\tdollar\tand\tBritish\tpound.\nTo\tthe\textent\twe\thave\tsignificant\trevenues\tdenominated\tin\tsuch\tforeign\tcurrencies,\tany\tstrengthening\tof\tthe\tU.S.\tdollar\twould\ttend\tto\treduce\tour\trevenues\tas\nmeasured\tin\tU.S.\tdollars,\tas\twe\thave\thistorically\texperienced.\tIn\taddition,\ta\tportion\tof\tour\tcosts\tand\texpenses\thave\tbeen,\tand\twe\tanticipate\twill\tcontinue\tto\tbe,\ndenominated\tin\tforeign\tcurrencies,\tincluding\tthe\tChinese\tyuan\tand\tJapanese\tyen.\tIf\twe\tdo\tnot\thave\tfully\toffsetting\trevenues\tin\tthese\tcurrencies\tand\tif\tthe\tvalue\nof\tthe\tU.S.\tdollar\tdepreciates\tsignificantly\tagainst\tthese\tcurrencies,\tour\tcosts\tas\tmeasured\tin\tU.S.\tdollars\tas\ta\tpercent\tof\tour\trevenues\twill\tcorrespondingly\nincrease\tand\tour\tmargins\twill\tsuffer.\tMoreover,\twhile\twe\tundertake\tlimited\thedging\tactivities\tintended\tto\toffset\tthe\timpact\tof\tcurrency\ttranslation\texposure,\tit\nis\timpossible\tto\tpredict\tor\teliminate\tsuch\timpact.\tAs\ta\tresult,\tour\toperating\tresults\tmay\tbe\tharmed.\nWe\tmay\tneed\tto\tdefend\tourselves\tagainst\tintellectual\tproperty\tinfringement\tclaims,\twhich\tmay\tbe\ttime-consuming\tand\texpensive.\nOur\tcompetitors\tor\tother\tthird\tparties\tmay\thold\tor\tobtain\tpatents,\tcopyrights,\ttrademarks\tor\tother\tproprietary\trights\tthat\tcould\tprevent,\tlimit\tor\ninterfere\twith\tour\tability\tto\tmake,\tuse,\tdevelop,\tsell\tor\tmarket\tour\tproducts\tand\tservices,\twhich\tcould\tmake\tit\tmore\tdifficult\tfor\tus\tto\toperate\tour\tbusiness."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7644c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 22, "chroma:document": "From\ttime\tto\ttime,\tthe\tholders\tof\tsuch\tintellectual\tproperty\trights\tmay\tassert\ttheir\trights\tand\turge\tus\tto\ttake\tlicenses\tand/or\tmay\tbring\tsuits\talleging\ninfringement\tor\tmisappropriation\tof\tsuch\trights,\twhich\tcould\tresult\tin\tsubstantial\tcosts,\tnegative\tpublicity\tand\tmanagement\tattention,\tregardless\tof\tmerit.\nWhile\twe\tendeavor\tto\tobtain\tand\tprotect\tthe\tintellectual\tproperty\trights\tthat\twe\texpect\twill\tallow\tus\tto\tretain\tor\tadvance\tour\tstrategic\tinitiatives,\tthere\tcan\tbe\nno\tassurance\tthat\twe\twill\tbe\table\tto\tadequately\tidentify\tand\tprotect\tthe\tportions\tof\tintellectual\tproperty\tthat\tare\tstrategic\tto\tour\tbusiness,\tor\tmitigate\tthe\trisk\nof\tpotential\tsuits\tor\tother\tlegal\tdemands\tby\tour\tcompetitors.\tAccordingly,\twe\tmay\tconsider\tthe\tentering\tinto\tlicensing\tagreements\twith\trespect\tto\tsuch\trights,\nalthough\tno\tassurance\tcan\tbe\tgiven\tthat\tsuch\tlicenses\tcan\tbe\tobtained\ton\tacceptable\tterms\tor\tthat\tlitigation\twill\tnot\toccur,\tand\tsuch\tlicenses\tand\tassociated\nlitigation\tcould\tsignificantly\tincrease\tour\toperating\texpenses.\tIn\taddition,\tif\twe\tare\tdetermined\tto\thave\tor\tbelieve\tthere\tis\ta\thigh\tlikelihood\tthat\twe\thave\ninfringed\tupon\ta\tthird\tparty\u2019s\tintellectual\tproperty\trights,\twe\tmay\tbe\trequired\tto\tcease\tmaking,\tselling\tor\tincorporating\tcertain\tcomponents\tor\tintellectual\nproperty\tinto\tthe\tgoods\tand\tservices\twe\toffer,\tto\tpay\tsubstantial\tdamages\tand/or\tlicense\troyalties,\tto\tredesign\tour\tproducts\tand\tservices\tand/or\tto\testablish\tand\nmaintain\talternative\n23"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d764d8-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 23, "chroma:document": "branding\tfor\tour\tproducts\tand\tservices.\n\tIn\tthe\tevent\tthat\twe\t\nare\n\trequired\tto\ttake\tone\tor\tmore\tsuch\tactions,\tour\tbrand,\tbusiness,\tfinancial\tcondition\tand\noperating\tresults\tmay\tbe\tharmed.\nOur\toperations\tcould\tbe\tadversely\taffected\tby\tevents\toutside\tof\tour\tcontrol,\tsuch\tas\tnatural\tdisasters,\twars\tor\thealth\tepidemics.\nWe\tmay\tbe\timpacted\tby\tnatural\tdisasters,\twars,\thealth\tepidemics\tor\tother\tevents\toutside\tof\tour\tcontrol.\tFor\texample,\tour\tcorporate\theadquarters,\tthe\nFremont\tFactory\tand\tGigafactory\tNevada\tare\tlocated\tin\tseismically\tactive\tregions\tin\tNorthern\tCalifornia\tand\tNevada,\tand\tour\tGigafactory\tShanghai\tis\tlocated\nin\ta\tflood-prone\tarea.\tIf\tmajor\tdisasters\tsuch\tas\tearthquakes,\tfloods\tor\tother\tevents\toccur,\tor\tour\tinformation\tsystem\tor\tcommunications\tnetwork\tbreaks\tdown\nor\toperates\timproperly,\tour\theadquarters\tand\tproduction\tfacilities\tmay\tbe\tseriously\tdamaged,\tor\twe\tmay\thave\tto\tstop\tor\tdelay\tproduction\tand\tshipment\tof\tour\nproducts.\tIn\taddition,\tthe\tglobal\tCOVID-19\tpandemic\thas\timpacted\teconomic\tmarkets,\tmanufacturing\toperations,\tsupply\tchains,\temployment\tand\tconsumer\nbehavior\tin\tnearly\tevery\tgeographic\tregion\tand\tindustry\tacross\tthe\tworld,\tand\twe\thave\tbeen,\tand\tmay\tin\tthe\tfuture\tbe,\tadversely\taffected\tas\ta\tresult.\tWe\tmay\nincur\texpenses\tor\tdelays\trelating\tto\tsuch\tevents\toutside\tof\tour\tcontrol,\twhich\tcould\thave\ta\tmaterial\tadverse\timpact\ton\tour\tbusiness,\toperating\tresults\tand\nfinancial\tcondition.\nRisks\tRelated\tto\tGovernment\tLaws\tand\tRegulations\nDemand\tfor\tour\tproducts\tand\tservices\tmay\tbe\timpacted\tby\tthe\tstatus\tof\tgovernment\tand\teconomic\tincentives\tsupporting\tthe\tdevelopment\nand\tadoption\tof\tsuch\tproducts."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d76532-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 23, "chroma:document": "and\tadoption\tof\tsuch\tproducts.\nGovernment\tand\teconomic\tincentives\tthat\tsupport\tthe\tdevelopment\tand\tadoption\tof\telectric\tvehicles\tin\tthe\tU.S.\tand\tabroad,\tincluding\tcertain\ttax\nexemptions,\ttax\tcredits\tand\trebates,\tmay\tbe\treduced,\teliminated\tor\texhausted\tfrom\ttime\tto\ttime.\tFor\texample,\ta\t$7,500\tfederal\ttax\tcredit\tthat\twas\tavailable\tin\nthe\tU.S.\tfor\tthe\tpurchase\tof\tour\tvehicles\twas\treduced\tin\tphases\tduring\tand\tultimately\tended\tin\t2019.\tWe\tbelieve\tthat\tthis\tsequential\tphase-out\tlikely\tpulled\nforward\tsome\tvehicle\tdemand\tinto\tthe\tperiods\tpreceding\teach\treduction.\tMoreover,\tpreviously\tavailable\tincentives\tfavoring\telectric\tvehicles\tin\tareas\tincluding\nOntario,\tCanada,\tGermany,\tHong\tKong,\tDenmark\tand\tCalifornia\thave\texpired\tor\twere\tcancelled\tor\ttemporarily\tunavailable,\tand\tin\tsome\tcases\twere\tnot\neventually\treplaced\tor\treinstituted,\twhich\tmay\thave\tnegatively\timpacted\tsales.\tAny\tsimilar\tdevelopments\tcould\thave\tsome\tnegative\timpact\ton\tdemand\tfor\tour\nvehicles,\tand\twe\tand\tour\tcustomers\tmay\thave\tto\tadjust\tto\tthem.\nIn\taddition,\tcertain\tgovernmental\trebates,\ttax\tcredits\tand\tother\tfinancial\tincentives\tthat\tare\tcurrently\tavailable\twith\trespect\tto\tour\tsolar\tand\tenergy\nstorage\tproduct\tbusinesses\tallow\tus\tto\tlower\tour\tcosts\tand\tencourage\tcustomers\tto\tbuy\tour\tproducts\tand\tinvestors\tto\tinvest\tin\tour\tsolar\tfinancing\tfunds.\nHowever,\tthese\tincentives\tmay\texpire\twhen\tthe\tallocated\tfunding\tis\texhausted,\treduced\tor\tterminated\tas\trenewable\tenergy\tadoption\trates\tincrease,\tsometimes\nwithout\twarning.\tFor\texample,\tthe\tU.S.\tfederal\tgovernment\tcurrently\toffers\tcertain\ttax\tcredits\tfor\tthe\tinstallation\tof\tsolar\tpower\tfacilities\tand\tenergy\tstorage"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7658c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 23, "chroma:document": "systems\tthat\tare\tcharged\tfrom\ta\tco-sited\tsolar\tpower\tfacility;\thowever,\tthese\ttax\tcredits\tare\tcurrently\tscheduled\tto\tdecline\tand/or\texpire\tin\t2023\tand\tbeyond.\nLikewise,\tin\tjurisdictions\twhere\tnet\tmetering\tis\tcurrently\tavailable,\tour\tcustomers\treceive\tbill\tcredits\tfrom\tutilities\tfor\tenergy\tthat\ttheir\tsolar\tenergy\tsystems\ngenerate\tand\texport\tto\tthe\tgrid\tin\texcess\tof\tthe\telectric\tload\tthey\tuse.\tThe\tbenefit\tavailable\tunder\tnet\tmetering\thas\tbeen\tor\thas\tbeen\tproposed\tto\tbe\treduced,\naltered\tor\teliminated\tin\tseveral\tjurisdictions,\tand\thas\talso\tbeen\tcontested\tand\tmay\tcontinue\tto\tbe\tcontested\tbefore\tthe\tFERC.\tAny\treductions\tor\tterminations\tof\nsuch\tincentives\tmay\tharm\tour\tbusiness,\tprospects,\tfinancial\tcondition\tand\toperating\tresults\tby\tmaking\tour\tproducts\tless\tcompetitive\tfor\tpotential\tcustomers,\nincreasing\tour\tcost\tof\tcapital\tand\tadversely\timpacting\tour\tability\tto\tattract\tinvestment\tpartners\tand\tto\tform\tnew\tfinancing\tfunds\tfor\tour\tsolar\tand\tenergy\nstorage\tassets.\nFinally,\twe\tand\tour\tfund\tinvestors\tclaim\tthese\tU.S.\tfederal\ttax\tcredits\tand\tcertain\tstate\tincentives\tin\tamounts\tbased\ton\tindependently\tappraised\tfair\nmarket\tvalues\tof\tour\tsolar\tand\tenergy\tstorage\tsystems.\tNevertheless,\tthe\trelevant\tgovernmental\tauthorities\thave\taudited\tsuch\tvalues\tand\tin\tcertain\tcases\thave\ndetermined\tthat\tthese\tvalues\tshould\tbe\tlower,\tand\tthey\tmay\tdo\tso\tagain\tin\tthe\tfuture.\tSuch\tdeterminations\tmay\tresult\tin\tadverse\ttax\tconsequences\tand/or\tour\nobligation\tto\tmake\tindemnification\tor\tother\tpayments\tto\tour\tfunds\tor\tfund\tinvestors.\nWe\tare\tsubject\tto\tevolving\tlaws\tand\tregulations\tthat\tcould\timpose\tsubstantial\tcosts,\tlegal\tprohibitions\tor\tunfavorable\tchanges\tupon\tour\noperations\tor\tproducts."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d765e6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 23, "chroma:document": "operations\tor\tproducts.\nAs\twe\tgrow\tour\tmanufacturing\toperations\tin\tadditional\tregions,\twe\tare\tor\twill\tbe\tsubject\tto\tcomplex\tenvironmental,\tmanufacturing,\thealth\tand\tsafety\nlaws\tand\tregulations\tat\tnumerous\tjurisdictional\tlevels\tin\tthe\tU.S.,\tChina,\tGermany\tand\tother\tlocations\tabroad,\tincluding\tlaws\trelating\tto\tthe\tuse,\thandling,\nstorage,\trecycling,\tdisposal\tand/or\thuman\texposure\tto\thazardous\tmaterials,\tproduct\tmaterial\tinputs\tand\tpost-consumer\tproducts\tand\twith\trespect\tto\nconstructing,\texpanding\tand\tmaintaining\tour\tfacilities.\tThe\tcosts\tof\tcompliance,\tincluding\tremediations\tof\tany\tdiscovered\tissues\tand\tany\tchanges\tto\tour\noperations\tmandated\tby\tnew\tor\tamended\tlaws,\tmay\tbe\tsignificant,\tand\tany\tfailures\tto\tcomply\tcould\tresult\tin\tsignificant\texpenses,\tdelays\tor\tfines.\tWe\tare\talso\nsubject\tto\tlaws\tand\tregulations\tapplicable\tto\tthe\tsupply,\tmanufacture,\timport,\tsale\tand\tservice\tof\tautomobiles\tboth\tdomestically\tand\tabroad.\tFor\texample,\tin\ncountries\toutside\tof\tthe\tU.S.,\twe\tare\trequired\tto\tmeet\tstandards\trelating\tto\tvehicle\tsafety,\tfuel\teconomy\tand\n24"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d76640-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 24, "chroma:document": "emissions\tthat\tare\toften\tmaterially\tdifferent\tfrom\trequirements\tin\tthe\tU.S.,\tthus\tresulting\tin\tadditional\tinvestment\tinto\tthe\tvehicles\tand\tsystems\tto\tensure\nregulatory\tcompliance\tin\tthose\tcountries.\tThis\tprocess\tmay\tinclude\tofficial\treview\tand\tcertification\tof\tour\tvehicles\tby\tforeign\tregulatory\tagencies\tprior\tto\nmarket\tentry,\tas\twell\tas\tcompliance\twith\tforeign\treporting\tand\trecall\tmanagement\tsystems\trequirements.\nIn\tparticular,\twe\toffer\tin\tour\tvehicles\tAutopilot\tand\tFSD\tfeatures\tthat\ttoday\tassist\tdrivers\twith\tcertain\ttedious\tand\tpotentially\tdangerous\taspects\tof\troad\ntravel,\tbut\twhich\tcurrently\trequire\tdrivers\tto\tremain\tfully\tengaged\tin\tthe\tdriving\toperation.\tWe\tare\tcontinuing\tto\tdevelop\tour\tFSD\ttechnology\twith\tthe\tgoal\tof\nachieving\tfull\tself-driving\tcapability\tin\tthe\tfuture.\tThere\tare\ta\tvariety\tof\tinternational,\tfederal\tand\tstate\tregulations\tthat\tmay\tapply\tto\tself-driving\tvehicles,\nwhich\tinclude\tmany\texisting\tvehicle\tstandards\tthat\twere\tnot\toriginally\tintended\tto\tapply\tto\tvehicles\tthat\tmay\tnot\thave\ta\tdriver.\tSuch\tregulations\tcontinue\tto\nrapidly\tchange,\twhich\tincreases\tthe\tlikelihood\tof\ta\tpatchwork\tof\tcomplex\tor\tconflicting\tregulations,\tor\tmay\tdelay\tproducts\tor\trestrict\tself-driving\tfeatures\tand\navailability,\twhich\tcould\tadversely\taffect\tour\tbusiness.\nFinally,\tas\ta\tmanufacturer,\tinstaller\tand\tservice\tprovider\twith\trespect\tto\tsolar\tgeneration\tand\tenergy\tstorage\tsystems\tand\ta\tsupplier\tof\telectricity\ngenerated\tand\tstored\tby\tthe\tsolar\tenergy\tand\tenergy\tstorage\tsystems\twe\tinstall\tfor\tcustomers,\twe\tare\timpacted\tby\tfederal,\tstate\tand\tlocal\tregulations\tand\npolicies\tconcerning\telectricity\tpricing,\tthe\tinterconnection\tof\telectricity\tgeneration\tand\tstorage\tequipment\twith\tthe\telectric\tgrid\tand\tthe\tsale\tof\telectricity"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d766a4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 24, "chroma:document": "generated\tby\tthird\tparty-owned\tsystems.\tIf\tregulations\tand\tpolicies\tthat\tadversely\timpact\tthe\tinterconnection\tor\tuse\tof\tour\tsolar\tand\tenergy\tstorage\tsystems\nare\tintroduced,\tthey\tcould\tdeter\tpotential\tcustomers\tfrom\tpurchasing\tour\tsolar\tand\tenergy\tstorage\tproducts,\tthreaten\tthe\teconomics\tof\tour\texisting\tcontracts\nand\tcause\tus\tto\tcease\tsolar\tand\tenergy\tstorage\tsystem\tsales\tand\toperations\tin\tthe\trelevant\tjurisdictions,\twhich\tmay\tharm\tour\tbusiness,\tfinancial\tcondition\tand\noperating\tresults.\nAny\tfailure\tby\tus\tto\tcomply\twith\ta\tvariety\tof\tU.S.\tand\tinternational\tprivacy\tand\tconsumer\tprotection\tlaws\tmay\tharm\tus.\nAny\tfailure\tby\tus\tor\tour\tvendor\tor\tother\tbusiness\tpartners\tto\tcomply\twith\tour\tpublic\tprivacy\tnotice\tor\twith\tfederal,\tstate\tor\tinternational\tprivacy,\tdata\nprotection\tor\tsecurity\tlaws\tor\tregulations\trelating\tto\tthe\tprocessing,\tcollection,\tuse,\tretention,\tsecurity\tand\ttransfer\tof\tpersonally\tidentifiable\tinformation\tcould\nresult\tin\tregulatory\tor\tlitigation-related\tactions\tagainst\tus,\tlegal\tliability,\tfines,\tdamages,\tongoing\taudit\trequirements\tand\tother\tsignificant\tcosts.\tSubstantial\nexpenses\tand\toperational\tchanges\tmay\tbe\trequired\tin\tconnection\twith\tmaintaining\tcompliance\twith\tsuch\tlaws,\tand\tin\tparticular\tcertain\temerging\tprivacy\tlaws\nare\tstill\tsubject\tto\ta\thigh\tdegree\tof\tuncertainty\tas\tto\ttheir\tinterpretation\tand\tapplication.\tFor\texample,\tin\tMay\t2018,\tthe\tGeneral\tData\tProtection\tRegulation\nbegan\tto\tfully\tapply\tto\tthe\tprocessing\tof\tpersonal\tinformation\tcollected\tfrom\tindividuals\tlocated\tin\tthe\tEuropean\tUnion,\tand\thas\tcreated\tnew\tcompliance\nobligations\tand\tsignificantly\tincreased\tfines\tfor\tnoncompliance.\tSimilarly,\tas\tof\tJanuary\t2020,\tthe\tCalifornia\tConsumer\tPrivacy\tAct\timposes\tcertain\tlegal"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d766fe-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 24, "chroma:document": "obligations\ton\tour\tuse\tand\tprocessing\tof\tpersonal\tinformation\trelated\tto\tCalifornia\tresidents.\tFinally,\tnew\tprivacy\tand\tcybersecurity\tlaws\tare\tcoming\tinto\teffect\nin\tChina.\tNotwithstanding\tour\tefforts\tto\tprotect\tthe\tsecurity\tand\tintegrity\tof\tour\tcustomers\u2019\tpersonal\tinformation,\twe\tmay\tbe\trequired\tto\texpend\tsignificant\nresources\tto\tcomply\twith\tdata\tbreach\trequirements\tif,\tfor\texample,\tthird\tparties\timproperly\tobtain\tand\tuse\tthe\tpersonal\tinformation\tof\tour\tcustomers\tor\twe\notherwise\texperience\ta\tdata\tloss\twith\trespect\tto\tcustomers\u2019\tpersonal\tinformation.\tA\tmajor\tbreach\tof\tour\tnetwork\tsecurity\tand\tsystems\tmay\tresult\tin\tfines,\npenalties\tand\tdamages\tand\tharm\tour\tbrand,\tprospects\tand\toperating\tresults.\nWe\tcould\tbe\tsubject\tto\tliability,\tpenalties\tand\tother\trestrictive\tsanctions\tand\tadverse\tconsequences\tarising\tout\tof\tcertain\tgovernmental\ninvestigations\tand\tproceedings.\nWe\tare\tcooperating\twith\tcertain\tgovernment\tinvestigations\tas\tdiscussed\tin\tNote\t16,\t\nCommitments\tand\tContingencies\n,\tto\tthe\tconsolidated\tfinancial\nstatements\tincluded\telsewhere\tin\tthis\tAnnual\tReport\ton\tForm\t10-K.\tTo\tour\tknowledge,\tno\tgovernment\tagency\tin\tany\tsuch\tongoing\tinvestigation\thas\tconcluded\nthat\tany\twrongdoing\toccurred.\tHowever,\twe\tcannot\tpredict\tthe\toutcome\tor\timpact\tof\tany\tsuch\tongoing\tmatters,\tand\tthere\texists\tthe\tpossibility\tthat\twe\tcould\nbe\tsubject\tto\tliability,\tpenalties\tand\tother\trestrictive\tsanctions\tand\tadverse\tconsequences\tif\tthe\tSEC,\tthe\tU.S.\tDepartment\tof\tJustice\tor\tany\tother\tgovernment\nagency\twere\tto\tpursue\tlegal\taction\tin\tthe\tfuture.\tMoreover,\twe\texpect\tto\tincur\tcosts\tin\tresponding\tto\trelated\trequests\tfor\tinformation\tand\tsubpoenas,\tand\tif\ninstituted,\tin\tdefending\tagainst\tany\tgovernmental\tproceedings."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d76758-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 24, "chroma:document": "For\texample,\ton\tOctober\t16,\t2018,\tthe\tU.S.\tDistrict\tCourt\tfor\tthe\tSouthern\tDistrict\tof\tNew\tYork\tentered\ta\tfinal\tjudgment\tapproving\tthe\tterms\tof\ta\nsettlement\tfiled\twith\tthe\tCourt\ton\tSeptember\t29,\t2018,\tin\tconnection\twith\tthe\tactions\ttaken\tby\tthe\tSEC\trelating\tto\tMr.\tMusk\u2019s\tstatement\ton\tAugust\t7,\t2018\nthat\the\twas\tconsidering\ttaking\tTesla\tprivate.\tPursuant\tto\tthe\tsettlement,\twe,\tamong\tother\tthings,\tpaid\ta\tcivil\tpenalty\tof\t$20\tmillion,\tappointed\tan\tindependent\ndirector\tas\tthe\tchair\tof\tour\tboard\tof\tdirectors,\tappointed\ttwo\tadditional\tindependent\tdirectors\tto\tour\tboard\tof\tdirectors\tand\tmade\tfurther\tenhancements\tto\tour\ndisclosure\tcontrols\tand\tother\tcorporate\tgovernance-related\tmatters.\tOn\tApril\t26,\t2019,\tthis\tsettlement\twas\tamended\tto\tclarify\tcertain\tof\tthe\tpreviously-agreed\ndisclosure\tprocedures,\twhich\twas\tsubsequently\tapproved\tby\tthe\tCourt.\tAll\tother\tterms\tof\tthe\tprior\tsettlement\twere\treaffirmed\twithout\tmodification.\tAlthough\nwe\tintend\tto\tcontinue\tto\tcomply\twith\tthe\tterms\tand\trequirements\tof\tthe\tsettlement,\tif\tthere\tis\ta\tlack\tof\tcompliance\tor\tan\talleged\tlack\tof\tcompliance,\tadditional\nenforcement\tactions\tor\tother\tlegal\tproceedings\tmay\tbe\tinstituted\tagainst\tus.\n25"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d767b2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 25, "chroma:document": "We\tmay\tface\tregulatory\tchallenges\tto\tor\tlimitations\ton\tour\tability\tto\tsell\tvehicles\tdirectly.\nWhile\twe\tintend\tto\tcontinue\tto\tleverage\tour\tmost\teffective\tsales\tstrategies,\tincluding\tsales\tthrough\tour\twebsite,\twe\tmay\tnot\tbe\table\tto\tsell\tour\tvehicles\nthrough\tour\town\tstores\tin\tcertain\tstates\tin\tthe\tU.S.\twith\tlaws\tthat\tmay\tbe\tinterpreted\tto\timpose\tlimitations\ton\tthis\tdirect-to-consumer\tsales\tmodel.\tIt\thas\talso\nbeen\tasserted\tthat\tthe\tlaws\tin\tsome\tstates\tlimit\tour\tability\tto\tobtain\tdealer\tlicenses\tfrom\tstate\tmotor\tvehicle\tregulators,\tand\tsuch\tassertions\tpersist.\tIn\tcertain\nlocations,\tdecisions\tby\tregulators\tpermitting\tus\tto\tsell\tvehicles\thave\tbeen\tand\tmay\tbe\tchallenged\tby\tdealer\tassociations\tand\tothers\tas\tto\twhether\tsuch\tdecisions\ncomply\twith\tapplicable\tstate\tmotor\tvehicle\tindustry\tlaws.\tWe\thave\tprevailed\tin\tmany\tof\tthese\tlawsuits\tand\tsuch\tresults\thave\treinforced\tour\tcontinuing\tbelief\nthat\tstate\tlaws\twere\tnot\tintended\tto\tapply\tto\ta\tmanufacturer\tthat\tdoes\tnot\thave\tfranchise\tdealers.\tIn\tsome\tstates,\tthere\thave\talso\tbeen\tregulatory\tand\nlegislative\tefforts\tby\tdealer\tassociations\tto\tpropose\tlaws\tthat,\tif\tenacted,\twould\tprevent\tus\tfrom\tobtaining\tdealer\tlicenses\tin\ttheir\tstates\tgiven\tour\tcurrent\tsales\nmodel.\tA\tfew\tstates\thave\tpassed\tlegislation\tthat\tclarifies\tour\tability\tto\toperate,\tbut\tat\tthe\tsame\ttime\tlimits\tthe\tnumber\tof\tdealer\tlicenses\twe\tcan\tobtain\tor\tstores\nthat\twe\tcan\toperate.\tThe\tapplication\tof\tstate\tlaws\tapplicable\tto\tour\toperations\tcontinues\tto\tbe\tdifficult\tto\tpredict.\nInternationally,\tthere\tmay\tbe\tlaws\tin\tjurisdictions\twe\thave\tnot\tyet\tentered\tor\tlaws\twe\tare\tunaware\tof\tin\tjurisdictions\twe\thave\tentered\tthat\tmay\trestrict"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7680c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 25, "chroma:document": "our\tsales\tor\tother\tbusiness\tpractices.\tEven\tfor\tthose\tjurisdictions\twe\thave\tanalyzed,\tthe\tlaws\tin\tthis\tarea\tcan\tbe\tcomplex,\tdifficult\tto\tinterpret\tand\tmay\tchange\nover\ttime.\tContinued\tregulatory\tlimitations\tand\tother\tobstacles\tinterfering\twith\tour\tability\tto\tsell\tvehicles\tdirectly\tto\tconsumers\tmay\tharm\tour\tfinancial\ncondition\tand\toperating\tresults.\nRisks\tRelated\tto\tthe\tOwnership\tof\tOur\tCommon\tStock\nThe\ttrading\tprice\tof\tour\tcommon\tstock\tis\tlikely\tto\tcontinue\tto\tbe\tvolatile.\nThe\ttrading\tprice\tof\tour\tcommon\tstock\thas\tbeen\thighly\tvolatile\tand\tcould\tcontinue\tto\tbe\tsubject\tto\twide\tfluctuations\tin\tresponse\tto\tvarious\tfactors,\tsome\nof\twhich\tare\tbeyond\tour\tcontrol.\tOur\tcommon\tstock\thas\texperienced\tover\tthe\tlast\t52\tweeks\tan\tintra-day\ttrading\thigh\tof\t$900.40\tper\tshare\tand\ta\tlow\tof\t$70.10\nper\tshare,\tas\tadjusted\t\nto\tgive\teffect\tto\tthe\t\nreflect\tthe\tfive-for-one\tstock\tsplit\teffected\tin\tthe\tform\tof\ta\tstock\tdividend\tin\tAugust\t2020\t(the\t\u201cStock\tSplit\u201d)\n.\tThe\nstock\tmarket\tin\tgeneral,\tand\tthe\tmarket\tfor\ttechnology\tcompanies\tin\tparticular,\thas\texperienced\textreme\tprice\tand\tvolume\tfluctuations\tthat\thave\toften\tbeen\nunrelated\tor\tdisproportionate\tto\tthe\toperating\tperformance\tof\tthose\tcompanies.\tIn\tparticular,\ta\tlarge\tproportion\tof\tour\tcommon\tstock\thas\tbeen\thistorically\tand\nmay\tin\tthe\tfuture\tbe\ttraded\tby\tshort\tsellers\twhich\tmay\tput\tpressure\ton\tthe\tsupply\tand\tdemand\tfor\tour\tcommon\tstock,\tfurther\tinfluencing\tvolatility\tin\tits\tmarket\nprice.\tPublic\tperception\tand\tother\tfactors\toutside\tof\tour\tcontrol\tmay\tadditionally\timpact\tthe\tstock\tprice\tof\tcompanies\tlike\tus\tthat\tgarner\ta\tdisproportionate"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d76866-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 25, "chroma:document": "degree\tof\tpublic\tattention,\tregardless\tof\tactual\toperating\tperformance.\tIn\taddition,\tin\tthe\tpast,\tfollowing\tperiods\tof\tvolatility\tin\tthe\toverall\tmarket\tor\tthe\tmarket\nprice\tof\tour\tshares,\tsecurities\tclass\taction\tlitigation\thas\tbeen\tfiled\tagainst\tus.\tWhile\twe\tdefend\tsuch\tactions\tvigorously,\tany\tjudgment\tagainst\tus\tor\tany\tfuture\nstockholder\tlitigation\tcould\tresult\tin\tsubstantial\tcosts\tand\ta\tdiversion\tof\tour\tmanagement\u2019s\tattention\tand\tresources.\nOur\tfinancial\tresults\tmay\tvary\tsignificantly\tfrom\tperiod\tto\tperiod\tdue\tto\tfluctuations\tin\tour\toperating\tcosts\tand\tother\tfactors.\nWe\texpect\tour\tperiod-to-period\tfinancial\tresults\tto\tvary\tbased\ton\tour\toperating\tcosts,\twhich\twe\tanticipate\twill\tfluctuate\tas\tthe\tpace\tat\twhich\twe\ncontinue\tto\tdesign,\tdevelop\tand\tmanufacture\tnew\tproducts\tand\tincrease\tproduction\tcapacity\tby\texpanding\tour\tcurrent\tmanufacturing\tfacilities\tand\tadding\nfuture\tfacilities,\tmay\tnot\tbe\tconsistent\tor\tlinear\tbetween\tperiods.\tAdditionally,\tour\trevenues\tfrom\tperiod\tto\tperiod\tmay\tfluctuate\tas\twe\tintroduce\texisting\nproducts\tto\tnew\tmarkets\tfor\tthe\tfirst\ttime\tand\tas\twe\tdevelop\tand\tintroduce\tnew\tproducts.\tAs\ta\tresult\tof\tthese\tfactors,\twe\tbelieve\tthat\tquarter-to-quarter\ncomparisons\tof\tour\tfinancial\tresults,\tespecially\tin\tthe\tshort\tterm,\tare\tnot\tnecessarily\tmeaningful\tand\tthat\tthese\tcomparisons\tcannot\tbe\trelied\tupon\tas\tindicators\nof\tfuture\tperformance.\tMoreover,\tour\tfinancial\tresults\tmay\tnot\tmeet\texpectations\tof\tequity\tresearch\tanalysts,\tratings\tagencies\tor\tinvestors,\twho\tmay\tbe\nfocused\tonly\ton\tshort-term\tquarterly\tfinancial\tresults.\tIf\tany\tof\tthis\toccurs,\tthe\ttrading\tprice\tof\tour\tstock\tcould\tfall\tsubstantially,\teither\tsuddenly\tor\tover\ttime."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d768c0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 25, "chroma:document": "We\tmay\tfail\tto\tmeet\tour\tpublicly\tannounced\tguidance\tor\tother\texpectations\tabout\tour\tbusiness,\twhich\tcould\tcause\tour\tstock\tprice\tto\ndecline.\nWe\tmay\tprovide\tfrom\ttime\tto\ttime\tguidance\tregarding\tour\texpected\tfinancial\tand\tbusiness\tperformance.\tCorrectly\tidentifying\tkey\tfactors\taffecting\nbusiness\tconditions\tand\tpredicting\tfuture\tevents\tis\tinherently\tan\tuncertain\tprocess,\tand\tour\tguidance\tmay\tnot\tultimately\tbe\taccurate\tand\thas\tin\tthe\tpast\tbeen\ninaccurate\tin\tcertain\trespects,\tsuch\tas\tthe\ttiming\tof\tnew\tproduct\tmanufacturing\tramps.\tOur\tguidance\tis\tbased\ton\tcertain\tassumptions\tsuch\tas\tthose\trelating\tto\nanticipated\tproduction\tand\tsales\tvolumes\t(which\tgenerally\tare\tnot\tlinear\tthroughout\ta\tgiven\tperiod),\taverage\tsales\tprices,\tsupplier\tand\tcommodity\tcosts\tand\nplanned\tcost\treductions.\tIf\tour\tguidance\tvaries\tfrom\tactual\tresults\tdue\tto\tour\tassumptions\tnot\tbeing\tmet\tor\tthe\timpact\ton\tour\tfinancial\tperformance\tthat\tcould\noccur\tas\ta\tresult\tof\tvarious\trisks\tand\tuncertainties,\tthe\tmarket\tvalue\tof\tour\tcommon\tstock\tcould\tdecline\tsignificantly.\n26"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7691a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 26, "chroma:document": "Transactions\trelating\tto\tour\tconvertible\tsenior\tnotes\tmay\tdilute\tthe\townership\tinterest\tof\texisting\tstockholders,\tor\tmay\totherwise\tdepress\nthe\tprice\tof\tour\tcommon\tstock.\nThe\tconversion\tof\tsome\tor\tall\tof\tthe\tconvertible\tsenior\tnotes\tissued\tby\tus\tor\tour\tsubsidiaries\twould\tdilute\tthe\townership\tinterests\tof\texisting\nstockholders\tto\tthe\textent\twe\tdeliver\tshares\tupon\tconversion\tof\tany\tof\tsuch\tnotes\tby\ttheir\tholders,\tand\twe\tmay\tbe\trequired\tto\tdeliver\ta\tsignificant\tnumber\tof\nshares.\tAny\tsales\tin\tthe\tpublic\tmarket\tof\tthe\tcommon\tstock\tissuable\tupon\tsuch\tconversion\tcould\tadversely\taffect\ttheir\tprevailing\tmarket\tprices.\tIn\taddition,\tthe\nexistence\tof\tthe\tconvertible\tsenior\tnotes\tmay\tencourage\tshort\tselling\tby\tmarket\tparticipants\tbecause\tthe\tconversion\tof\tsuch\tnotes\tcould\tbe\tused\tto\tsatisfy\tshort\npositions,\tor\tthe\tanticipated\tconversion\tof\tsuch\tnotes\tinto\tshares\tof\tour\tcommon\tstock\tcould\tdepress\tthe\tprice\tof\tour\tcommon\tstock.\nMoreover,\tin\tconnection\twith\tcertain\tof\tthe\tconvertible\tsenior\tnotes,\twe\tentered\tinto\tconvertible\tnote\thedge\ttransactions,\twhich\tare\texpected\tto\treduce\nthe\tpotential\tdilution\tand/or\toffset\tpotential\tcash\tpayments\twe\tare\trequired\tto\tmake\tin\texcess\tof\tthe\tprincipal\tamount\tupon\tconversion\tof\tthe\tapplicable\tnotes.\nWe\talso\tentered\tinto\twarrant\ttransactions\twith\tthe\thedge\tcounterparties,\twhich\tcould\tseparately\thave\ta\tdilutive\teffect\ton\tour\tcommon\tstock\tto\tthe\textent\tthat\nthe\tmarket\tprice\tper\tshare\tof\tour\tcommon\tstock\texceeds\tthe\tapplicable\tstrike\tprice\tof\tthe\twarrants\ton\tthe\tapplicable\texpiration\tdates.\tIn\taddition,\tthe\thedge\ncounterparties\tor\ttheir\taffiliates\tmay\tenter\tinto\tvarious\ttransactions\twith\trespect\tto\ttheir\thedge\tpositions,\twhich\tcould\talso\taffect\tthe\tmarket\tprice\tof\tour\ncommon\tstock\tor\tthe\tconvertible\tsenior\tnotes."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d76974-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 26, "chroma:document": "common\tstock\tor\tthe\tconvertible\tsenior\tnotes.\nIf\tElon\tMusk\twere\tforced\tto\tsell\tshares\tof\tour\tcommon\tstock\tthat\the\thas\tpledged\tto\tsecure\tcertain\tpersonal\tloan\tobligations,\tsuch\tsales\ncould\tcause\tour\tstock\tprice\tto\tdecline.\nCertain\tbanking\tinstitutions\thave\tmade\textensions\tof\tcredit\tto\tElon\tMusk,\tour\tChief\tExecutive\tOfficer,\ta\tportion\tof\twhich\twas\tused\tto\tpurchase\tshares\tof\ncommon\tstock\tin\tcertain\tof\tour\tpublic\tofferings\tand\tprivate\tplacements\tat\tthe\tsame\tprices\toffered\tto\tthird-party\tparticipants\tin\tsuch\tofferings\tand\tplacements.\nWe\tare\tnot\ta\tparty\tto\tthese\tloans,\twhich\tare\tpartially\tsecured\tby\tpledges\tof\ta\tportion\tof\tthe\tTesla\tcommon\tstock\tcurrently\towned\tby\tMr.\tMusk.\tIf\tthe\tprice\tof\nour\tcommon\tstock\twere\tto\tdecline\tsubstantially,\tMr.\tMusk\tmay\tbe\tforced\tby\tone\tor\tmore\tof\tthe\tbanking\tinstitutions\tto\tsell\tshares\tof\tTesla\tcommon\tstock\tto\nsatisfy\this\tloan\tobligations\tif\the\tcould\tnot\tdo\tso\tthrough\tother\tmeans.\tAny\tsuch\tsales\tcould\tcause\tthe\tprice\tof\tour\tcommon\tstock\tto\tdecline\tfurther.\nAnti-takeover\tprovisions\tcontained\tin\tour\tgoverning\tdocuments,\tapplicable\tlaws\tand\tour\tconvertible\tsenior\tnotes\tcould\timpair\ta\ttakeover\nattempt.\nOur\tcertificate\tof\tincorporation\tand\tbylaws\tafford\tcertain\trights\tand\tpowers\tto\tour\tboard\tof\tdirectors\tthat\tmay\tfacilitate\tthe\tdelay\tor\tprevention\tof\tan\nacquisition\tthat\tit\tdeems\tundesirable.\tWe\tare\talso\tsubject\tto\tSection\t203\tof\tthe\tDelaware\tGeneral\tCorporation\tLaw\tand\tother\tprovisions\tof\tDelaware\tlaw\tthat\nlimit\tthe\tability\tof\tstockholders\tin\tcertain\tsituations\tto\teffect\tcertain\tbusiness\tcombinations.\tIn\taddition,\tthe\tterms\tof\tour\tconvertible\tsenior\tnotes\tmay\trequire"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d769ce-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 26, "chroma:document": "us\tto\trepurchase\tsuch\tnotes\tin\tthe\tevent\tof\ta\tfundamental\tchange,\tincluding\ta\ttakeover\tof\tour\tcompany.\tAny\tof\tthe\tforegoing\tprovisions\tand\tterms\tthat\thas\tthe\neffect\tof\tdelaying\tor\tdeterring\ta\tchange\tin\tcontrol\tcould\tlimit\tthe\topportunity\tfor\tour\tstockholders\tto\treceive\ta\tpremium\tfor\ttheir\tshares\tof\tour\tcommon\tstock,\nand\tcould\talso\taffect\tthe\tprice\tthat\tsome\tinvestors\tare\twilling\tto\tpay\tfor\tour\tcommon\tstock.\n\t\nITEM\t1B.\nUNRESOLVED\tSTAFF\tCOMMENTS\nNone.\nITEM\t2.\nPROPERTIES\nWe\tare\theadquartered\tin\tPalo\tAlto,\tCalifornia.\tOur\tprincipal\tfacilities\tinclude\ta\tlarge\tnumber\tof\tproperties\tin\tNorth\tAmerica,\tEurope\tand\tAsia\tutilized\nfor\tmanufacturing\tand\tassembly,\twarehousing,\tengineering,\tretail\tand\tservice\tlocations,\tSupercharger\tsites\tand\tadministrative\tand\tsales\toffices.\tOur\tfacilities\nare\tused\tto\tsupport\tboth\tof\tour\treporting\tsegments,\tand\tare\tsuitable\tand\tadequate\tfor\tthe\tconduct\tof\tour\tbusiness.\tWe\tprimarily\tlease\tsuch\tfacilities\twith\tthe\nexception\tof\tsome\tmanufacturing\tfacilities.\tThe\tfollowing\ttable\tsets\tforth\tthe\tlocation\tof\tour\tprimary\towned\tand\tleased\tmanufacturing\tfacilities.\n\t\nPrimary\tManufacturing\tFacilities\n\t\nLocation\n\t\nOwned\tor\tLeased\nFremont\tFactory\n\t\nFremont,\tCalifornia\n\t\nOwned\nGigafactory\tNevada\n\t\nSparks,\tNevada\n\t\nOwned\nGigafactory\tNew\tYork\n\t\nBuffalo,\tNew\tYork\n\t\nLeased\nGigafactory\tShanghai\n\t\nShanghai,\tChina\n\t\n*\nGigafactory\tBerlin\n\t\nGrunheide,\tGermany\n\t\nOwned\nGigafactory\tTexas\n\t\nAustin,\tTexas\n\t\nOwned\n\t\n*"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d76a28-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 26, "chroma:document": "Austin,\tTexas\n\t\nOwned\n\t\n*\nWe\town\tthe\tbuilding\tand\tthe\tland\tuse\trights\twith\tan\tinitial\tterm\tof\t50\tyears.\tThe\tland\tuse\trights\tare\ttreated\tas\toperating\tlease\tright-of-use\tassets.\n27"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d76a8c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 27, "chroma:document": "ITEM\t3.\nLEGA\nL\tPROCEEDINGS\nFor\ta\tdescription\tof\tour\tmaterial\tpending\tlegal\tproceedings,\tplease\tsee\tNote\t16,\t\nCommitments\tand\tContingencies\n,\tto\tthe\tconsolidated\tfinancial\nstatements\tincluded\telsewhere\tin\tthis\tAnnual\tReport\ton\tForm\t10-K.\nIn\taddition,\teach\tof\tthe\tmatters\tbelow\tis\tbeing\tdisclosed\tpursuant\tto\tItem\t103\tof\tRegulation\tS-K\tbecause\tit\trelates\tto\tenvironmental\tregulations\tand\naggregate\tcivil\tpenalties\tthat\tcould\tpotentially\texceed\t$1\tmillion.\tWe\tbelieve\tthat\tany\tproceeding\tthat\tis\tmaterial\tto\tour\tbusiness\tor\tfinancial\tcondition\tis\tlikely\nto\thave\tpotential\tpenalties\tfar\tin\texcess\tof\tsuch\tamount.\nThe\tBay\tArea\tAir\tQuality\tManagement\tDistrict\t(\u201cBAAQMD\u201d)\thas\tissued\tnotices\tof\tviolation\tto\tus\trelating\tto\tair\tpermitting\tand\trelated\tcompliance\tfor\tthe\nFremont\tFactory,\tbut\thas\tnot\tinitiated\tformal\tproceedings.\tWe\thave\tdisputed\tcertain\tof\tthese\tallegations\tand\thave\tasserted\tthat\tthere\thas\tbeen\tno\trelated\nadverse\tcommunity\tor\tenvironmental\timpact.\tWhile\twe\thave\tnot\tyet\tresolved\tthis\tmatter,\twe\tremain\tin\tclose\tcommunication\twith\tBAAQMD\twith\trespect\tto\tit.\nWe\tdo\tnot\tcurrently\texpect\tany\tmaterial\tadverse\timpact\ton\tour\tbusiness.\nThe\tGerman\tUmweltbundesamt\thas\tissued\tour\tsubsidiary\tin\tGermany\ta\tnotice\tand\tfine\tin\tthe\tamount\tof\t12\tmillion\teuro\talleging\tits\tnon-compliance\nunder\tapplicable\tlaws\trelating\tto\tmarket\tparticipation\tnotifications\tand\ttake-back\tobligations\twith\trespect\tto\tend-of-life\tbattery\tproducts\trequired\tthereunder.\nThis\tis\tprimarily\trelating\tto\tadministrative\trequirements,\tbut\tTesla\thas\tcontinued\tto\ttake\tback\tbattery\tpacks,\tand\talthough\twe\tcannot\tpredict\tthe\toutcome\tof"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d76ae6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 27, "chroma:document": "this\tmatter,\tincluding\tthe\tfinal\tamount\tof\tany\tpenalties,\twe\thave\tfiled\tour\tobjection\tand\tit\tis\tnot\texpected\tto\thave\ta\tmaterial\tadverse\timpact\ton\tour\tbusiness.\nWe\thave\t\nalso\treceived\ta\tfollow-up\tinformation\trequest\tfrom\tthe\tEPA\tunder\tSection\t114(a)\tof\tthe\tClean\tAir\tAct\tof\t1963,\tas\tamended\t(the\t\u201cClean\tAir\nAct\u201d).\tThe\tEPA\tis\treviewing\tthe\tcompliance\tof\tour\tFremont\tFactory\toperations\twith\tapplicable\trequirements\tunder\tthe\tClean\tAir\tAct,\tand\twe\tare\tworking\twith\nthe\tEPA\tin\tresponding\tits\trequests\tfor\tinformation.\tWhile\tthe\toutcome\tof\tthis\tmatter\tcannot\tbe\tdetermined\tat\tthis\ttime,\tit\tis\tnot\tcurrently\texpected\tto\thave\ta\nmaterial\tadverse\n\timpact\ton\tour\tbusiness.\n\t\nI\nTEM\t4.\nMINE\tSAFETY\tDISCLOSURES\nNot\tapplicable.\n28"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d76b40-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 28, "chroma:document": "PART\tII\nITEM\t5.\nMARKET\tFOR\tREGISTRANT\u2019S\tCOMMON\tEQUITY,\tRELATED\tSTOCKHOLDER\tMATTERS\tAND\tISSUER\tPURCHASES\tOF\tEQUITY\nSECURITIES\nMarket\tInformation\nOur\tcommon\tstock\thas\ttraded\ton\tThe\tNASDAQ\tGlobal\tSelect\tMarket\tunder\tthe\tsymbol\t\u201cTSLA\u201d\tsince\tit\tbegan\ttrading\ton\tJune\t29,\t2010.\tOur\tinitial\tpublic\noffering\twas\tpriced\tat\t$3.40\tper\tshare\ton\tJune\t28,\t2010\tas\tadjusted\tto\tgive\teffect\tto\t\nthe\tStock\tSplit\n.\nHolders\nAs\tof\tFebruary\t1,\t2021,\tthere\twere\t5,353\tholders\tof\trecord\tof\tour\tcommon\tstock.\tA\tsubstantially\tgreater\tnumber\tof\tholders\tof\tour\tcommon\tstock\tare\n\u201cstreet\tname\u201d\tor\tbeneficial\tholders,\twhose\tshares\tare\theld\tby\tbanks,\tbrokers\tand\tother\tfinancial\tinstitutions.\nDividend\tPolicy\nWe\thave\tnever\tdeclared\tor\tpaid\tcash\tdividends\ton\tour\tcommon\tstock.\tWe\tcurrently\tdo\tnot\tanticipate\tpaying\tany\tcash\tdividends\tin\tthe\tforeseeable\nfuture.\tAny\tfuture\tdetermination\tto\tdeclare\tcash\tdividends\twill\tbe\tmade\tat\tthe\tdiscretion\tof\tour\tboard\tof\tdirectors,\tsubject\tto\tapplicable\tlaws,\tand\twill\tdepend\non\tour\tfinancial\tcondition,\tresults\tof\toperations,\tcapital\trequirements,\tgeneral\tbusiness\tconditions\tand\tother\tfactors\tthat\tour\tboard\tof\tdirectors\tmay\tdeem\nrelevant.\nStock\tPerformance\tGraph\nThis\tperformance\tgraph\tshall\tnot\tbe\tdeemed\t\u201cfiled\u201d\tfor\tpurposes\tof\tSection\t18\tof\tthe\tSecurities\tExchange\tAct\tof\t1934,\tas\tamended\t(the\t\u201cExchange\nAct\u201d),\tor\tincorporated\tby\treference\tinto\tany\tfiling\tof\tTesla,\tInc.\tunder\tthe\tSecurities\tAct\tof\t1933,\tas\tamended\t(the\t\u201cSecurities\tAct\u201d),\tor\tthe\tExchange\tAct,\texcept"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d76b9a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 28, "chroma:document": "as\tshall\tbe\texpressly\tset\tforth\tby\tspecific\treference\tin\tsuch\tfiling.\nThe\tfollowing\tgraph\tshows\ta\tcomparison,\tfrom\tJanuary\t1,\t2016\tthrough\tDecember\t31,\t2020,\tof\tthe\tcumulative\ttotal\treturn\ton\tour\tcommon\tstock,\tThe\nNASDAQ\tComposite\tIndex\tand\ta\tgroup\tof\tall\tpublic\tcompanies\tsharing\tthe\tsame\tSIC\tcode\tas\tus,\twhich\tis\tSIC\tcode\t3711,\t\u201cMotor\tVehicles\tand\tPassenger\tCar\nBodies\u201d\t(Motor\tVehicles\tand\tPassenger\tCar\tBodies\tPublic\tCompany\tGroup).\tSuch\treturns\tare\tbased\ton\thistorical\tresults\tand\tare\tnot\tintended\tto\tsuggest\tfuture\nperformance.\tData\tfor\tThe\tNASDAQ\tComposite\tIndex\tand\tthe\tMotor\tVehicles\tand\tPassenger\tCar\tBodies\tPublic\tCompany\tGroup\tassumes\tan\tinvestment\tof\t$100\non\tJanuary\t1,\t2016\tand\treinvestment\tof\tdividends.\tWe\thave\tnever\tdeclared\tor\tpaid\tcash\tdividends\ton\tour\tcommon\tstock\tnor\tdo\twe\tanticipate\tpaying\tany\tsuch\ncash\tdividends\tin\tthe\tforeseeable\tfuture.\n\t\n\t\nUnregistered\tSales\tof\tEquity\tSecurities\tand\tUse\tof\tProceeds\nNone.\n29"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d76bf4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 29, "chroma:document": "Purchases\tof\tEquity\tSecurities\tby\tthe\tIssuer\tand\tAffiliated\tPurchasers\nNone.\n\t\nITEM\t6.\nSELECTED\tCONSOLIDATED\tFINANCIAL\tDATA\nThe\tfollowing\tselected\tconsolidated\tfinancial\tdata\tshould\tbe\tread\tin\tconjunction\twith\t\u201cManagement\u2019s\tDiscussion\tand\tAnalysis\tof\tFinancial\tCondition\tand\nResults\tof\tOperations\u201d\tand\tthe\tconsolidated\tfinancial\tstatements\tand\tthe\trelated\tnotes\tincluded\telsewhere\tin\tthis\tAnnual\tReport\ton\tForm\t10-K\tand\tfrom\tthe\nhistorical\tconsolidated\tfinancial\tstatements\tnot\tincluded\therein\tto\tfully\tunderstand\tfactors\tthat\tmay\taffect\tthe\tcomparability\tof\tthe\tinformation\tpresented\tbelow\n(in\tmillions,\texcept\tper\tshare\tdata).\n\t\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\t(3)\n\t\n\t\n2018\t(2)\n\t\n\t\n2017\n\t\n\t\n2016\t(1)\n\t\nConsolidated\tStatements\tof\tOperations\tData:\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\trevenues\n\t\n$\n31,536\n\t\n\t\n$\n24,578\n\t\n\t\n$\n21,461\n\t\n\t\n$\n11,759\n\t\n\t\n$\n7,000\n\t\nGross\tprofit\n\t\n$\n6,630\n\t\n\t\n$\n4,069\n\t\n\t\n$\n4,042\n\t\n\t\n$\n2,223\n\t\n\t\n$\n1,599\n\t\nIncome\t(loss)\tfrom\toperations\n\t\n$\n1,994\n\t\n\t\n$\n(69\n)\n\t\n$\n(388\n)\n\t\n$\n(1,632\n)\n\t\n$\n(667\n)\nNet\tincome\t(loss)\tattributable\tto\n\t\t\tcommon\tstockholders\n\t\n$\n721\n\t\n\t\n$\n(862\n)\n\t\n$\n(976\n)\n\t\n$"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d76c4e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 29, "chroma:document": ")\n\t\n$\n(976\n)\n\t\n$\n(1,962\n)\n\t\n$\n(675\n)\nNet\tincome\t(loss)\tper\tshare\tof\n\t\t\tcommon\tstock\tattributable\tto\n\t\t\tcommon\tstockholders\t(4)\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nBasic\n\t\n$\n0.74\n\t\n\t\n$\n(0.98\n)\n\t\n$\n(1.14\n)\n\t\n$\n(2.37\n)\n\t\n$\n(0.94\n)\nDiluted\n\t\n$\n0.64\n\t\n\t\n$\n(0.98\n)\n\t\n$\n(1.14\n)\n\t\n$\n(2.37\n)\n\t\n$\n(0.94\n)\nWeighted\taverage\tshares\tused\tin\n\t\t\tcomputing\tnet\tincome\t(loss)\tper\n\t\t\tshare\tof\tcommon\tstock\t(4)\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nBasic\n\t\n\t\n933\n\t\n\t\n\t\n887\n\t\n\t\n\t\n853\n\t\n\t\n\t\n829\n\t\n\t\n\t\n721\n\t\nDiluted\n\t\n\t\n1,083\n\t\n\t\n\t\n887\n\t\n\t\n\t\n853\n\t\n\t\n\t\n829\n\t\n\t\n\t\n721\n\t\n\t\n\t\nAs\tof\tDecember\t31,\n\t\n\t\n\t\n2020\n\t\n\t\n2019\t(3)\n\t\n\t\n2018\t(2)\n\t\n\t\n2017\n\t\n\t\n2016\t(1)\n\t\nConsolidated\tBalance\tSheet\tData:\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nWorking\tcapital\t(deficit)\n\t\n$\n12,469"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d76ca8-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 29, "chroma:document": "$\n12,469\n\t\n\t\n$\n1,436\n\t\n\t\n$\n(1,686\n)\n\t\n$\n(1,104\n)\n\t\n$\n433\n\t\nTotal\tassets\n\t\n$\n52,148\n\t\n\t\n$\n34,309\n\t\n\t\n$\n29,740\n\t\n\t\n$\n28,655\n\t\n\t\n$\n22,664\n\t\nTotal\tlong-term\tliabilities\n\t\n$\n14,170\n\t\n\t\n$\n15,532\n\t\n\t\n$\n13,434\n\t\n\t\n$\n15,348\n\t\n\t\n$\n10,923\n\t\n(1)\nWe\tacquired\tSolarCity\tCorporation\t(\u201cSolarCity\u201d)\ton\tNovember\t21,\t2016.\tSolarCity\u2019s\tfinancial\tresults\thave\tbeen\tincluded\tin\tour\tfinancial\tresults\tfrom\tthe\nacquisition\tdate\tas\tpreviously\treported\tin\tour\tAnnual\tReport\ton\tForm\t10-K\tfor\tthe\tyear\tended\tDecember\t31,\t2016.\n(2)\nWe\tadopted\tASC\t606\tin\t2018.\tPrior\tperiods\thave\tnot\tbeen\trevised.\tFor\tfurther\tdetails,\trefer\tto\tNote\t2,\t\nSummary\tof\tSignificant\tAccounting\tPolicies\n,\tof\nthe\tnotes\tto\tthe\tconsolidated\tfinancial\tstatements\tincluded\tin\tour\tAnnual\tReport\ton\tForm\t10-K\tfor\tthe\tyear\tended\tDecember\t31,\t2018.\n(3)\nWe\tadopted\tASC\t842\tin\t2019.\tPrior\tperiods\thave\tnot\tbeen\trevised.\tFor\tfurther\tdetails,\trefer\tto\tNote\t2,\t\nSummary\tof\tSignificant\tAccounting\tPolicies\n,\tof\nthe\tnotes\tto\tthe\tconsolidated\tfinancial\tstatements\tincluded\tin\tour\tAnnual\tReport\ton\tForm\t10-K\tfor\tthe\tyear\tended\tDecember\t31,\t2019.\n(4)\nPrior\tperiod\tresults\thave\tbeen\tadjusted\tto\tgive\teffect\tto\tthe\tStock\tSplit.\tSee\tNote\t1,\t\nOverview"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d76d02-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 29, "chroma:document": "Overview\n,\tof\tthe\tnotes\tto\tthe\tconsolidated\tfinancial\tstatements\nincluded\telsewhere\tin\tthis\tAnnual\tReport\ton\tForm\t10-K\tfor\tfurther\tdetails.\n\t\n\t\n\t\n30"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d76d5c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 30, "chroma:document": "ITEM\t7.\nMANAGEMENT\u2019S\tDISCUSSION\tAND\tANALYSIS\tOF\tFINANCIAL\tCONDITION\tAND\tRESULTS\tOF\tOPERATIONS\nThe\tfollowing\tdiscussion\tand\tanalysis\tshould\tbe\tread\tin\tconjunction\twith\tthe\tconsolidated\tfinancial\tstatements\tand\tthe\trelated\tnotes\tincluded\telsewhere\nin\tthis\tAnnual\tReport\ton\tForm\t10-K.\n\t\nFor\tdiscussion\trelated\tto\tchanges\tin\tfinancial\tcondition\tand\tthe\tresults\tof\toperations\tfor\tfiscal\tyear\t2018-related\titems,\nrefer\tto\tPart\tII,\tItem\t7.\tManagement's\tDiscussion\tand\tAnalysis\tof\tFinancial\tCondition\tand\tResults\tof\tOperations\tin\tour\tAnnual\tReport\ton\tForm\t10-K\tfor\tfiscal\nyear\t2019,\twhich\twas\tfiled\twith\tthe\tSecurities\tand\tExchange\tCommission\ton\tFebruary\t13,\t2020.\nOverview\tand\t2020\tHighlights\nOur\tmission\tis\tto\taccelerate\tthe\tworld\u2019s\ttransition\tto\tsustainable\tenergy.\tWe\tdesign,\tdevelop,\tmanufacture,\tlease\tand\tsell\thigh-performance\tfully\telectric\nvehicles,\tsolar\tenergy\tgeneration\tsystems\tand\tenergy\tstorage\tproducts.\tWe\talso\toffer\tmaintenance,\tinstallation,\toperation,\tfinancial\tand\tother\tservices\trelated\nto\tour\tproducts.\nIn\t2020,\twe\tproduced\t509,737\tvehicles\tand\tdelivered\t499,647\tvehicles.\tWe\tare\tcurrently\tfocused\ton\tincreasing\tvehicle\tproduction\tand\tcapacity,\ndeveloping\tand\tramping\tour\tbattery\tcell\ttechnology,\tincreasing\tthe\taffordability\tof\tour\tvehicles,\texpanding\tour\tglobal\tinfrastructure\tand\tintroducing\tour\tnext\nvehicles.\nIn\t2020,\twe\tdeployed\t3.02\tGWh\tof\tenergy\tstorage\tproducts\tand\t205\tmegawatts\tof\tsolar\tenergy\tsystems.\tWe\tare\tcurrently\tfocused\ton\tramping\nproduction\tof\tenergy\tstorage\tproducts,\timproving\tour\tSolar\tRoof\tinstallation\tcapability\tand\tefficiency\tand\tincreasing\tmarket\tshare\tof\tretrofit\tsolar\tenergy\nsystems."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d76db6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 30, "chroma:document": "systems.\nIn\t2020,\twe\trecognized\ttotal\trevenues\tof\t$31.54\tbillion,\trepresenting\tan\tincrease\tof\t$6.96\tbillion\tcompared\tto\tthe\tprior\tyear.\tWe\tcontinue\tto\tramp\nproduction,\tbuild\tnew\tmanufacturing\tcapacity\tand\texpand\tour\toperations\tto\tenable\tincreased\tdeliveries\tand\tdeployments\tof\tour\tproducts\tand\tfurther\trevenue\ngrowth.\nIn\t2020,\tour\tnet\tincome\tattributable\tto\tcommon\tstockholders\twas\t$721\tmillion,\trepresenting\ta\tfavorable\tchange\tof\t$1.58\tbillion\tcompared\tto\tthe\tprior\nyear.\tIn\t2020,\tour\toperating\tmargin\twas\t6.3%,\trepresenting\ta\tfavorable\tchange\tof\t6.6%\tcompared\tto\tthe\tprior\tyear.\tWe\tcontinue\tto\tfocus\ton\toperational\nefficiencies,\twhile\twe\thave\tseen\tan\tacceleration\tof\tnon-cash\tstock-based\tcompensation\texpense\tdue\tto\ta\trapid\tincrease\tin\tour\tmarket\tcapitalization\tand\tupdates\nto\tour\tbusiness\toutlook.\nWe\tended\t2020\twith\t$19.38\tbillion\tin\tcash\tand\tcash\tequivalents,\trepresenting\tan\tincrease\tof\t$13.12\tbillion\tfrom\tthe\tend\tof\t2019.\tOur\tcash\tflows\tfrom\noperating\tactivities\tduring\t2020\twas\t$5.94\tbillion,\tcompared\tto\t$2.41\tbillion\tduring\t2019,\tand\tcapital\texpenditures\tamounted\tto\t$3.16\tbillion\tduring\t2020,\ncompared\tto\t$1.33\tbillion\tduring\t2019.\tSustained\tgrowth\thas\tallowed\tour\tbusiness\tto\tgenerally\tfund\titself,\tbut\twe\twill\tcontinue\ta\tnumber\tof\tcapital-intensive\nprojects\tin\tupcoming\tperiods.\nManagement\tOpportunities,\tChallenges\tand\tRisks\tand\t2021\tOutlook\nImpact\tof\tCOVID-19\tPandemic"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d76e1a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 30, "chroma:document": "Impact\tof\tCOVID-19\tPandemic\n\t\nThere\tcontinues\tto\tbe\tworldwide\timpact\tfrom\tthe\tCOVID-19\tpandemic.\tWhile\twe\thave\tbeen\trelatively\tsuccessful\tin\tnavigating\tsuch\timpact\tto\tdate,\twe\nhave\tpreviously\tbeen\taffected\tby\ttemporary\tmanufacturing\tclosures,\temployment\tand\tcompensation\tadjustments,\tand\timpediments\tto\tadministrative\tactivities\nsupporting\tour\tproduct\tdeliveries\tand\tdeployments.\tThere\tare\talso\tongoing\trelated\trisks\tto\tour\tbusiness\tdepending\ton\tthe\tprogression\tof\tthe\tpandemic,\tand\nrecent\ttrends\tin\tcertain\tregions\thave\tindicated\tpotential\treturns\tto\tlimited\tor\tclosed\tgovernment\tfunctions,\tbusiness\tactivities\tand\tperson-to-person\ninteractions.\tGlobal\ttrade\tconditions\tand\tconsumer\ttrends\tmay\tfurther\tadversely\timpact\tus\tand\tour\tindustries.\tFor\texample,\tpandemic-related\tissues\thave\nexacerbated\tport\tcongestion\tand\tintermittent\tsupplier\tshutdowns\tand\tdelays,\tresulting\tin\tadditional\texpenses\tto\texpedite\tdelivery\tof\tcritical\tparts.\tSimilarly,\nincreased\tdemand\tfor\tpersonal\telectronics\thas\tcreated\ta\tshortfall\tof\tmicrochip\tsupply,\tand\tit\tis\tyet\tunknown\thow\twe\tmay\tbe\timpacted.\tPlease\tsee\tthe\n\t\u201cResults\nof\tOperations\u201d\tsection\tof\tthis\tItem\tbelow\tand\tcertain\trisk\tfactors\tdescribed\tin\tPart\tI,\tItem\t1A,\tRisk\tFactors\tin\tthis\tAnnual\tReport\ton\tForm\t10-K,\tparticularly\tthe\nfirst\trisk\tfactor\tincluded\tthere,\tfor\tmore\tdetailed\tdescriptions\tof\tthe\timpact\tand\trisks\tto\tour\tbusiness.\nWe\tcannot\tpredict\tthe\tduration\tor\tdirection\tof\tcurrent\tglobal\ttrends\tfrom\tthis\tpandemic,\tthe\tsustained\timpact\tof\twhich\tis\tlargely\tunknown,\tis\trapidly\nevolving\tand\thas\tvaried\tacross\tgeographic\tregions.\tUltimately,\twe\tcontinue\tto\tmonitor\tmacroeconomic\tconditions\tto\tremain\tflexible\tand\tto\toptimize\tand\tevolve"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d76e74-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 30, "chroma:document": "our\tbusiness\tas\tappropriate,\tand\twe\twill\thave\tto\taccurately\tproject\tdemand\tand\tinfrastructure\trequirements\tglobally\tand\tdeploy\tour\tproduction,\tworkforce\tand\nother\tresources\taccordingly.\n31"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d76ece-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 31, "chroma:document": "Automotive\u2014Production\nThe\tfollowing\tis\ta\tsummary\tof\tthe\tstatus\tof\tproduction\tof\teach\tof\tour\tannounced\tvehicle\tmodels\tin\tproduction\tand\tunder\tdevelopment,\tas\tof\tthe\tdate\tof\nthis\tAnnual\tReport\ton\tForm\t10-K:\n\t\nProduction\tLocation\n\t\nVehicle\tModel(s)\n\t\nProduction\tStatus\nFremont\tFactory\n\t\nModel\tS\tand\tModel\tX\n\t\nActive\n\t\n\t\nModel\t3\tand\tModel\tY\n\t\nActive\nGigafactory\tShanghai\n\t\nModel\t3\tand\tModel\tY\n\t\nActive\nGigafactory\tBerlin\n\t\nModel\tY\n\t\nConstructing\tmanufacturing\tfacilities\nGigafactory\tTexas\n\t\nModel\tY\n\t\nConstructing\tmanufacturing\tfacilities\n\t\n\t\nCybertruck\n\t\nIn\tdevelopment\nTBD\n\t\nTesla\tSemi\n\t\nIn\tdevelopment\n\t\n\t\nTesla\tRoadster\n\t\nIn\tdevelopment\n\t\nWe\trecently\tannounced\tupdated\tversions\tof\tModel\tS\tand\tModel\tX\tfeaturing\ta\tredesigned\tpowertrain\tand\tother\timprovements.\tIn\t2021,\twe\tare\tfocused\non\tramping\tthese\tmodels\ton\tnew\tmanufacturing\tequipment,\tas\twell\tas\tproduction\trates\tof\tModel\t3\tand\tModel\tY,\tto\tat\tleast\tthe\tcapacity\tthat\twe\thave\tinstalled.\nThe\tnext\tphase\tof\tproduction\tgrowth\twill\tdepend\ton\tthe\tconstruction\tof\tGigafactory\tBerlin\tand\tGigafactory\tTexas,\teach\tof\twhich\tis\tprogressing\tas\tplanned\tfor\ndeliveries\tbeginning\tin\t2021.\tOur\tgoal\tis\tto\tcontinuously\tdecrease\tproduction\tcosts\tand\tincrease\tthe\taffordability\tof\tour\tvehicles.\tWe\tare\tcontinuing\tto\tdevelop\nand\tmanufacture\tour\town\tbattery\tcells,\twith\twhich\twe\tare\ttargeting\thigh-volume\toutput,\tlower\tcapital\tand\tproduction\tcosts\tand\tlonger\trange.\tAs\tcell\tsupply\tis\ncritical\tto\tour\tbusiness,\tcoupling\tthis\tstrategy\twith\tcells\tfrom\tour\tsuppliers\twill\thelp\tus\tstay\tahead\tof\tany\tpotential\tconstraints."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d76fd2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 31, "chroma:document": "However,\tthese\tplans\tare\tsubject\tto\tuncertainties\tinherent\tin\testablishing\tand\tramping\tmanufacturing\toperations,\twhich\tmay\tbe\texacerbated\tby\tthe\nnumber\tof\tconcurrent\tinternational\tprojects\tand\tany\tfuture\timpact\tfrom\tevents\toutside\tof\tour\tcontrol\tsuch\tas\tthe\tCOVID-19\tpandemic\tand\tany\tindustry-wide\ncomponent\tconstraints.\tMoreover,\twe\tmust\tmeet\tambitious\ttechnological\ttargets\twith\tour\tplans\tfor\tbattery\tcells\tas\twell\tas\tfor\titerative\tmanufacturing\tand\ndesign\timprovements\tfor\tour\tvehicles\twith\teach\tnew\tfactory.\nAutomotive\u2014Demand\tand\tSales\nOur\tcost\treduction\tefforts\tand\tadditional\tlocalized\tprocurement\tand\tmanufacturing\tare\tkey\tto\tour\tvehicles\u2019\taffordability,\tand\tfor\texample\thave\tallowed\nus\tto\tcompetitively\tprice\tour\tvehicles\tin\tChina.\tIn\taddition\tto\topening\tnew\tfactories\tin\t2021,\twe\twill\talso\tcontinue\tto\tgenerate\tdemand\tand\tbrand\tawareness\tby\nimproving\tour\tvehicles\u2019\tfunctionality,\tincluding\tAutopilot,\tFSD\tand\tsoftware\tfeatures,\tand\tintroducing\tanticipated\tfuture\tvehicles.\tMoreover,\twe\texpect\tto\nbenefit\tfrom\tongoing\telectrification\tof\tthe\tautomotive\tsector\tand\tincreasing\tenvironmental\tawareness.\nHowever,\twe\toperate\tin\ta\tcyclical\tindustry\tthat\tis\tsensitive\tto\ttrade,\tenvironmental\tand\tpolitical\tuncertainty,\tall\tof\twhich\tmay\talso\tbe\tcompounded\tby\nany\tfuture\tglobal\timpact\tfrom\tthe\tCOVID-19\tpandemic.\tOn\tthe\tother\thand,\tthere\thave\tbeen\trecent\tsigns\tof\trecovery\tfrom\tcompetitors\tthat\texperienced\ndownturns\tin\t2020,\tmeaning\tthat\twe\twill\thave\tto\tcontinue\tto\texecute\twell\tto\tmaintain\tthe\tmomentum\tthat\twe\thave\tgained\trelative\tto\tan\tever-growing\ncompetitive\tlandscape.\nAutomotive\u2014Deliveries\tand\tCustomer\tInfrastructure"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77036-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 31, "chroma:document": "Automotive\u2014Deliveries\tand\tCustomer\tInfrastructure\n\t\nAs\tour\tdeliveries\tincrease,\twe\tmust\twork\tconstantly\tto\tprevent\tour\tvehicle\tdelivery\tcapability\tfrom\tbecoming\ta\tbottleneck\ton\tour\ttotal\tdeliveries.\nSituating\tour\tfactories\tcloser\tto\tlocal\tmarkets\tshould\tmitigate\tthe\tstrain\ton\tour\tdeliveries.\tIn\tany\tcase,\tas\twe\texpand,\twe\twill\thave\tto\tcontinue\tto\tincrease\tand\nstaff\tour\tdelivery,\tservicing\tand\tcharging\tinfrastructure,\tmaintain\tour\tvehicle\treliability\tand\toptimize\tour\tSupercharger\tlocations\tto\tensure\tcost-effectiveness\nand\tcustomer\tsatisfaction.\tIn\tparticular,\twe\tremain\tfocused\ton\tincreasing\tthe\tcapability\tand\tefficiency\tof\tour\tservicing\toperations.\nEnergy\tGeneration\tand\tStorage\tDemand,\tProduction\tand\tDeployment\n\t\nThe\tlong-term\tsuccess\tof\tthis\tbusiness\tis\tdependent\tupon\tincreasing\tmargins\tthrough\tgreater\tvolumes.\tWe\tcontinue\tto\tincrease\tthe\tproduction\tof\tour\nenergy\tstorage\tproducts\tto\tmeet\thigh\tlevels\tof\tdemand.\tFor\tPowerwall,\tbetter\tavailability\tand\tgrowing\tgrid\tstability\tconcerns\tdrive\thigher\tinterest,\tand\tcross-\nselling\twith\tour\tresidential\tsolar\tenergy\tproducts\twill\tcontinue\tto\tbenefit\tboth\tproduct\tlines.\tWe\tremain\tcommitted\tto\tincreasing\tour\tretrofit\tsolar\tenergy\nbusiness\tby\toffering\ta\tlow-cost\tand\tsimplified\tonline\tordering\texperience.\tIn\taddition,\twe\tare\tworking\tto\timprove\tour\tinstallation\tcapabilities\tfor\tSolar\tRoof\tby\non-boarding\tand\ttraining\ta\tlarge\tnumber\tof\tinstallers\tand\treducing\tthe\tinstallation\ttime\tdramatically.\tAs\tthese\tproduct\tlines\tgrow,\twe\twill\thave\tto\tmaintain\nadequate\tbattery\tcell\tsupply\tfor\tour\tenergy\tstorage\tproducts\tand\thire\tadditional\tpersonnel,\tparticularly\tskilled\telectricians\tto\tsupport\tthe\tramp\tof\tSolar\tRoof.\n32"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77090-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 32, "chroma:document": "Cash\tFlow\n\tand\n\tCapital\tExpenditure\n\tTrends\nOur\tcapital\texpenditures\tare\ttypically\tdifficult\tto\tproject\tbeyond\tthe\tshort\tterm\tgiven\tthe\tnumber\tand\tbreadth\tof\tour\tcore\tprojects\tat\tany\tgiven\ttime,\tand\nuncertainties\tin\tfuture\tglobal\tmarket\tconditions\tresulting\tfrom\tthe\tCOVID-19\tpandemic\tcurrently\tmakes\tprojections\tmore\tchallenging.\tWe\tare\tsimultaneously\nramping\tnew\tproducts\tin\tthe\tnew\tModel\tS\tand\tModel\tX,\tModel\tY\tand\tSolar\tRoof,\tconstructing\tor\tramping\tmanufacturing\tfacilities\ton\tthree\tcontinents\tand\npiloting\tthe\tdevelopment\tand\tmanufacture\tof\tnew\tbattery\tcell\ttechnologies,\tand\tthe\tpace\tof\tour\tcapital\tspend\tmay\tvary\tdepending\ton\toverall\tpriority\tamong\nprojects,\tthe\tpace\tat\twhich\twe\tmeet\tmilestones,\tproduction\tadjustments\tto\tand\tamong\tour\tvarious\tproducts,\tincreased\tcapital\tefficiencies\tand\tthe\taddition\tof\nnew\tprojects.\tOwing\tand\tsubject\tto\tthe\tforegoing\tas\twell\tas\tthe\tpipeline\tof\tannounced\tprojects\tunder\tdevelopment\tand\tall\tother\tcontinuing\tinfrastructure\ngrowth,\twe\tcurrently\texpect\tour\tcapital\texpenditures\tto\tbe\t$4.50\tto\t$6.00\tbillion\tin\t2021\tand\teach\tof\tthe\tnext\ttwo\tfiscal\tyears.\nOur\tbusiness\thas\trecently\tbeen\tconsistently\tgenerating\tcash\tflow\tfrom\toperations\tin\texcess\tof\tour\tlevel\tof\tcapital\tspend,\tand\twith\tbetter\tworking\tcapital\nmanagement\tresulting\tin\tshorter\tdays\tsales\toutstanding\tthan\tdays\tpayable\toutstanding,\tour\tsales\tgrowth\tis\talso\tfacilitating\tpositive\tcash\tgeneration.\tOn\tthe\nother\thand,\twe\tare\tlikely\tto\tsee\theightened\tlevels\tof\tcapital\texpenditures\tduring\tcertain\tperiods\tdepending\ton\tthe\tspecific\tpace\tof\tour\tcapital-intensive\tprojects."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d770ea-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 32, "chroma:document": "Moreover,\tas\tour\tstock\tprice\thas\tsignificantly\tincreased\trecently,\twe\thave\tseen\thigher\tlevels\tof\tearly\tconversions\tof\t\u201cin-the-money\u201d\tconvertible\tsenior\tnotes,\nwhich\tobligates\tus\tto\tdeliver\tcash\tand\tor\tshares\tpursuant\tto\tthe\tterms\tof\tthose\tnotes.\tOverall,\twe\texpect\tour\tability\tto\tbe\tself-funding\tto\tcontinue\tas\tlong\tas\nmacroeconomic\tfactors\tsupport\tcurrent\ttrends\tin\tour\tsales.\tWe\talso\topportunistically\tstrengthened\tour\tliquidity\tfurther\tthrough\tan\tat-the-market\toffering\tof\ncommon\tstock\tin\tDecember\t2020,\twith\tnet\tproceeds\tto\tus\tof\tapproximately\t$4.99\tbillion.\nOperating\tExpense\tTrends\nAs\tlong\tas\twe\tsee\texpanding\tsales,\tand\texcluding\tthe\tpotential\timpact\tof\tnon-cash\tstock\tcompensation\texpense\tattributable\tto\tthe\t2018\tCEO\nPerformance\tAward\tand\timpairment\tcharges\ton\tcertain\tassets\tas\texplained\tbelow,\twe\tgenerally\texpect\toperating\texpenses\trelative\tto\trevenues\tto\tdecrease\tas\nwe\tadditionally\tincrease\toperational\tefficiency\tand\tprocess\tautomation.\nIn\tMarch\t2018,\tour\tstockholders\tapproved\ta\tperformance-based\tstock\toption\taward\tto\tour\tCEO\t(the\t\u201c2018\tCEO\tPerformance\tAward\u201d),\tconsisting\tof\t12\nvesting\ttranches\tcontingent\ton\tthe\tachievement\tof\tspecified\tmarket\tcapitalization\tand\toperational\tmilestones.\tWe\tincur\tnon-cash\tstock-based\tcompensation\nexpense\tfor\teach\ttranche\tonly\tafter\tthe\trelated\toperational\tmilestone\tinitially\tbecomes\tprobable\tof\tbeing\tmet\tbased\ton\ta\tsubjective\tassessment\tof\tour\tfuture\nfinancial\tperformance,\tand\tif\tthis\thappens\tfollowing\tthe\tgrant\tdate,\twe\trecord\tat\tsuch\ttime\ta\tcumulative\tcatch-up\texpense\tthat\tmay\tbe\tsignificant\tbased\ton\tthe\nlength\tof\ttime\telapsed\tfrom\tthe\tgrant\tdate.\tMoreover,\tthe\tremaining\texpense\tfor\tthat\ttranche\tis\tratably\trecorded\tover\tthe\tperiod\tremaining\tuntil\tthe\tlater\tof\t(i)"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7714e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 32, "chroma:document": "the\texpected\tachievement\tof\tthe\trelevant\toperational\tmilestone\t(if\tit\thas\tnot\tyet\tbeen\tachieved)\tand\t(ii)\tthe\texpected\tachievement\tof\tthe\trelated\tmarket\ncapitalization\tmilestone\t(if\tit\thas\tnot\tyet\tbeen\tachieved).\tUpon\tvesting\tof\ta\ttranche,\tall\tremaining\tassociated\texpense\tis\trecognized\timmediately.\tBecause\tthe\nexpected\tmarket\tcapitalization\tachievements\tare\tgenerally\tlater\tthan\tthe\trelated\texpected\toperational\tmilestone\tachievements,\tthe\tachievement\tof\tthe\tformer\nearlier\tthan\texpected\tmay\tincrease\tthe\tmagnitude\tof\tany\tcatch-up\texpense\tand/or\taccelerate\tthe\trate\tat\twhich\tthe\tremaining\texpense\tis\trecognized.\tDuring\n2020,\tseveral\toperational\tmilestones\tbecame\tprobable\tand\tseveral\ttranches\tvested,\tincluding\tas\ta\tresult\tof\tour\tmarket\tcapitalization\tincreasing\trapidly,\nresulting\tin\tthe\trecognition\tor\tacceleration\tof\trelated\texpense\tearlier\tthan\tanticipated\tand\twithin\ta\trelatively\tshort\tperiod\tof\ttime.\tSee\tNote\t14,\t\nEquity\tIncentive\nPlans\n\u20142018\tCEO\tPerformance\tAward,\tto\tthe\tconsolidated\tfinancial\tstatements\tincluded\telsewhere\tin\tthis\tAnnual\tReport\ton\tForm\t10-K\tfor\tfurther\tdetails\nregarding\tthe\tstock-based\tcompensation\trelating\tto\tthe\t2018\tCEO\tPerformance\tAward.\tAs\tour\tmarket\tcapitalization\tis\tunpredictable\tand\tour\tfinancial\nperformance\timproves,\tit\tis\tpossible\tthat\tthe\tearlier-than-planned\trecognition\tof\tsuch\texpenses\twill\tcontinue\tin\tthe\tnear\tterm.\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."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d771a8-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 32, "chroma:document": "Thereafter,\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.\n\tDigital\tassets\tare\nconsidered\tindefinite-lived\tintangible\tassets\tunder\tapplicable\taccounting\trules.\tAccordingly,\tany\tdecrease\tin\ttheir\tfair\tvalues\tbelow\tour\tcarrying\tvalues\tfor\tsuch\nassets\tat\tany\ttime\tsubsequent\tto\ttheir\tacquisition\twill\trequire\tus\tto\trecognize\timpairment\tcharges,\twhereas\twe\tmay\tmake\tno\tupward\trevisions\tfor\tany\tmarket\nprice\tincreases\tuntil\ta\tsale.\tAs\twe\tcurrently\tintend\tto\thold\tthese\tassets\tlong-term,\tthese\tcharges\tmay\tnegatively\timpact\tour\tprofitability\tin\tthe\tperiods\tin\twhich\nsuch\timpairments\toccur\teven\tif\tthe\toverall\tmarket\tvalues\tof\tthese\tassets\tincrease.\n33"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77202-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 33, "chroma:document": "Critical\tAccounting\tPolicies\tand\tEstimates\nThe\tconsolidated\tfinancial\tstatements\tare\tprepared\tin\taccordance\twith\taccounting\tprinciples\tgenerally\taccepted\tin\tthe\tU.S.\t(\u201cGAAP\u201d).\tThe\tpreparation\nof\tthe\tconsolidated\tfinancial\tstatements\trequires\tus\tto\tmake\testimates\tand\tassumptions\tthat\taffect\tthe\treported\tamounts\tof\tassets,\tliabilities,\trevenues,\tcosts\nand\texpenses\tand\trelated\tdisclosures.\tWe\tbase\tour\testimates\ton\thistorical\texperience,\tas\tappropriate,\tand\ton\tvarious\tother\tassumptions\tthat\twe\tbelieve\tto\tbe\nreasonable\tunder\tthe\tcircumstances.\tChanges\tin\tthe\taccounting\testimates\tare\treasonably\tlikely\tto\toccur\tfrom\tperiod\tto\tperiod.\tAccordingly,\tactual\tresults\tcould\ndiffer\tsignificantly\tfrom\tthe\testimates\tmade\tby\tour\tmanagement.\tWe\tevaluate\tour\testimates\tand\tassumptions\ton\tan\tongoing\tbasis.\tTo\tthe\textent\tthat\tthere\tare\nmaterial\tdifferences\tbetween\tthese\testimates\tand\tactual\tresults,\tour\tfuture\tfinancial\tstatement\tpresentation,\tfinancial\tcondition,\tresults\tof\toperations\tand\tcash\nflows\tmay\tbe\taffected.\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\nsolar\tenergy\tsystems\tsubject\tto\tleases\tcould\tbe\timpacted.\tWe\thave\tassessed\tthe\timpact\tand\tare\tnot\taware\tof\tany\tspecific\tevents\tor\tcircumstances\tthat\trequired"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7725c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 33, "chroma:document": "an\tupdate\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.\t\nT\nhese\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.\nRevenue\tRecognition\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,\t\nFSD\tfeatures\t\nand\tover-\nthe-air\tsoftware\tupdates.\tWe\trecognize\trevenue\ton\tautomotive\tsales\tupon\tdelivery\tto\tthe\tcustomer,\twhich\tis\twhen\tthe\tcontrol\tof\ta\tvehicle\ttransfers.\tPayments\nare\ttypically\treceived\tat\tthe\tpoint\tcontrol\ttransfers\tor\tin\taccordance\twith\tpayment\tterms\tcustomary\tto\tthe\tbusiness.\tOther\tfeatures\tand\tservices\tsuch\tas\taccess\nto\tour\tSupercharger\tnetwork,\tinternet\tconnectivity\tand\tover-the-air\tsoftware\tupdates\tare\tprovisioned\tupon\tcontrol\ttransfer\tof\ta\tvehicle\tand\trecognized\tover\ntime\ton\ta\tstraight-line\tbasis\tas\twe\thave\ta\tstand-ready\tobligation\tto\tdeliver\tsuch\tservices\tto\tthe\tcustomer.\tWe\trecognize\trevenue\trelated\tto\tthese\tother\tfeatures\nand\tservices\tover\tthe\tperformance\tperiod,\twhich\tis\tgenerally\tthe\texpected\townership\tlife\tof\tthe\tvehicle\tor\tthe\teight-year\tlife\tof\tthe\tvehicle.\tRevenue\trelated\tto\nFSD\tfeatures\tis\trecognized\twhen\tfunctionality\tis\tdelivered\tto\tthe\tcustomer.\tFor\tour\tobligations\trelated\tto\tautomotive\tsales,\twe\testimate\tstandalone\tselling\tprice"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d772b6-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 33, "chroma:document": "by\tconsidering\tcosts\tused\tto\tdevelop\tand\tdeliver\tthe\tservice,\tthird-party\tpricing\tof\tsimilar\toptions\tand\tother\tinformation\tthat\tmay\tbe\tavailable.\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\tbased\ton\thistorical\texperience.\tIn\taddition,\tany\tfees\tthat\tare\tpaid\tor\tpayable\tby\tus\tto\ta\tcustomer\u2019s\tlender\twhen\nwe\tarrange\tthe\tfinancing\tare\trecognized\tas\tan\toffset\tagainst\tautomotive\tsales\trevenue.\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\tas\taccess\tto\tour\tSupercharger\tnetwork,\tinternet\tconnectivity,\tFSD\tfeatures\tand\tover-the-air\tsoftware\tupdates.\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.\nAutomotive\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"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77310-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 33, "chroma:document": "partners.\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.\n34"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7736a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 34, "chroma:document": "With\tthe\texception\tof\t\nthe\t\nVehicle\tSales\tto\tLeasing\tPartners\twith\ta\tResale\tValue\tGuarantee\tand\ta\tBuyback\tOption\n\t\nprogram\tdiscussed\twithin\nthe\t\nAutomotive\tLeasing\n\tsection\n\tbelow\n,\twe\trecognize\trevenue\twhen\tcontrol\ttransfers\tupon\tdelivery\tto\tcustomers\tin\taccordance\t\nwith\t\nASC\t606\n\tas\ta\tsale\twith\ta\nright\tof\treturn\tas\twe\tdo\tnot\tbelieve\tthe\tcustomer\thas\ta\tsignificant\teconomic\tincentive\tto\texercise\tthe\tresale\tvalue\tguarantee\tprovided\tto\tthem\n\tat\tcontract\ninception\n.\tThe\tprocess\tto\tdetermine\twhether\tthere\tis\ta\tsignificant\teconomic\tincentive\tincludes\ta\tcomparison\tof\ta\tvehicle\u2019s\testimated\tmarket\tvalue\tat\tthe\ttime\nthe\toption\tis\texercisable\twith\tthe\tguaranteed\tresale\tvalue\tto\tdetermine\tthe\tcustomer\u2019s\teconomic\tincentive\tto\texercise.\tThe\tperformance\tobligations\tand\tthe\npattern\tof\trecognizing\tautomotive\tsales\twith\tresale\tvalue\tguarantees\tare\tconsistent\twith\tautomotive\tsales\twithout\tresale\tvalue\tguarantees\twith\tthe\texception\tof\nour\testimate\tfor\tsales\treturn\treserve.\tSales\treturn\treserves\tfor\tautomotive\tsales\twith\tresale\tvalue\tguarantees\tare\testimated\tbased\ton\thistorical\texperience\tplus\nconsideration\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.\nAutomotive\tRegulatory\tCredits\nWe\tearn\ttradable\tcredits\tin\tthe\toperation\tof\tour\tautomotive\tbusiness\tunder\tvarious\tregulations\trelated\tto\tZEVs,\tgreenhouse\tgas,\tfuel\teconomy\tand\tclean"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d773c4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 34, "chroma:document": "fuel.\tWe\tsell\tthese\tcredits\tto\tother\tregulated\tentities\twho\tcan\tuse\tthe\tcredits\tto\tcomply\twith\temission\tstandards\tand\tother\tregulatory\trequirements.\t\nPayments\nfor\tautomotive\tregulatory\tcredits\tare\ttypically\treceived\tat\tthe\tpoint\tcontrol\ttransfers\tto\tthe\tcustomer,\tor\tin\taccordance\twith\tpayment\tterms\tcustomary\tto\tthe\nbusiness.\t\nWe\trecognize\trevenue\ton\tthe\tsale\tof\tautomotive\tregulatory\tcredits\tat\tthe\ttime\tcontrol\tof\tthe\tregulatory\tcredits\tis\ttransferred\tto\tthe\tpurchasing\tparty\nas\tautomotive\tsales\trevenue\tin\tthe\tconsolidated\tstatements\tof\toperations.\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\t48\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.\tWe\taccount\tfor\tthese\tleasing\ntransactions\tas\toperating\tleases.\tWe\trecord\tleasing\trevenues\tto\tautomotive\tleasing\trevenue\ton\ta\tstraight-line\tbasis\tover\tthe\tcontractual\tterm,\tand\twe\trecord\nthe\tdepreciation\tof\tthese\tvehicles\tto\tcost\tof\tautomotive\tleasing\trevenue.\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\twhere\nwe\texpected\tthe\tcustomer\thad\ta\tsignificant\teconomic\tincentive\tto\texercise\tthe\tresale\tvalue\tguarantee\tprovided\tto\tthem\tat\tcontract\tinception,\twe\tcontinued\tto"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7741e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 34, "chroma:document": "recognize\tthese\ttransactions\tas\toperating\tleases.\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\tin\taccordance\twith\tASC\t606,\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\ndeferred\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.\tWe\tcapitalized\tvehicles\tunder\tthis\tprogram\tto\toperating\tlease\tvehicles,\tnet,\ton\tthe\tconsolidated\tbalance\tsheets,\tand\twe\nrecord\tdepreciation\tfrom\tthese\tvehicles\tto\tcost\tof\tautomotive\tleasing\trevenue\tduring\tthe\tperiod\tthe\tvehicle\tis\tunder\ta\tlease\tarrangement.\tCash\treceived\tfor\nthese\tvehicles,\tnet\tof\trevenue\trecognized\tduring\tthe\tperiod,\tis\tclassified\tas\tcollateralized\tlease\t(repayments)\tborrowings\twithin\tcash\tflows\tfrom\tfinancing\nactivities\tin\tthe\tconsolidated\tstatements\tof\tcash\tflows.\tWith\tthe\tadoption\tof\tASC\t842\ton\tJanuary\t1,\t2019,\tall\tnew\tagreements\tunder\tthis\tprogram\tare\taccounted\nfor\tas\toperating\tleases\tunder\tASC\t842\tand\tthere\twas\tno\tmaterial\tchange\tin\tthe\ttiming\tand\tamount\tof\trevenue\trecognized\tover\tthe\tterm.\tConsequently,\tany\ncash\tflows\tfor\tnew\tagreements\tare\tclassified\tas\toperating\tcash\tactivities\ton\tthe\tconsolidated\tstatements\tof\tcash\tflows."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77478-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 34, "chroma:document": "At\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\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.\n35"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d774d2-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 35, "chroma:document": "Direct\tSales-\nT\nype\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\t48\tmonths.\tOur\tloan\tarrangements\tunder\nthese\tprograms\tcan\thave\tterms\tfor\tup\tto\t72\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.\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,"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7752c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 35, "chroma:document": "and\tlarge\tcommercial\tand\tutility\tgrade\tcustomers,\tincluding\tsolar\tsubscription-based\tarrangements.\tEnergy\tgeneration\tand\tstorage\tsales\trevenue\talso\tincludes\nrevenue\tfrom\tagreements\tfor\tsolar\tenergy\tsystems\tand\tPPAs\tthat\tcommence\tafter\tJanuary\t1,\t2019,\twhich\tis\trecognized\tas\tearned,\tbased\ton\tthe\tamount\tof\ncapacity\tprovided\tfor\tsolar\tenergy\tsystems\tor\telectricity\tdelivered\tfor\tPPAs\tat\tthe\tcontractual\tbilling\trates,\tassuming\tall\tother\trevenue\trecognition\tcriteria\thave\nbeen\tmet.\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-installation,\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.\tSales\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."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77590-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 35, "chroma:document": "For\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\ntime\tusing\tthe\tpercentage\tof\tcompletion\tmethod\tbased\ton\tcost\tincurred\tas\ta\tpercentage\tof\ttotal\testimated\tcontract\tcosts\tfor\tenergy\tstorage\tsystem\tsales\tand\tas\na\tpercentage\tof\ttotal\testimated\tlabor\thours\tfor\tsolar\tenergy\tsystem\tsales.\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,\trevenue\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.\tOperations\tand\tmaintenance\tservice\trevenue\tis\trecognized\tratably\tover\tthe\trespective\tcontract\tterm\tfor\tsolar\tenergy\tsystem\tsales\tand\tupon\ndelivery\tof\tthe\tservice\tfor\tenergy\tstorage\tsystem\tsales.\tCustomer\tpayments\tfor\tsuch\tservices\tare\tusually\tpaid\tannually\tor\tquarterly\tin\tadvance.\nIn\tinstances\twhere\tthere\tare\tmultiple\tperformance\tobligations\tin\ta\tsingle\tcontract,\twe\tallocate\tthe\tconsideration\tto\tthe\tvarious\tobligations\tin\tthe\ncontract\tbased\ton\tthe\trelative\tstandalone\tselling\tprice\tmethod.\tStandalone\tselling\tprices\tare\testimated\tbased\ton\testimated\tcosts\tplus\tmargin\tor\tby\tusing"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d775ea-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 35, "chroma:document": "market\tdata\tfor\tcomparable\tproducts.\tCosts\tincurred\ton\tthe\tsale\tof\tresidential\tinstallations\tbefore\tthe\tsolar\tenergy\tsystems\tare\tcompleted\tare\tincluded\tas\twork\nin\tprocess\twithin\tinventory\tin\tthe\tconsolidated\tbalance\tsheets.\tAny\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.\n36"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7764e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 36, "chroma:document": "As\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\t\nenergy\tperformance\n\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\nparticipation\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.\t\nEnergy\tGeneration\tand\tStorage\tLeasing\nFor\trevenue\tarrangements\twhere\twe\tare\tthe\tlessor\tunder\toperating\tlease\tagreements\tfor\tenergy\tgeneration\tand\tstorage\tproducts,\twe\trecord\tlease\nrevenue\tfrom\tminimum\tlease\tpayments,\tincluding\tupfront\trebates\tand\tincentives\tearned\tfrom\tsuch\tsystems,\ton\ta\tstraight-line\tbasis\tover\tthe\tlife\tof\tthe\tlease"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d776a8-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 36, "chroma:document": "term,\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.\tDeferred\trevenue\talso\tincludes\nthe\tportion\tof\trebates\tand\tincentives\treceived\tfrom\tutility\tcompanies\tand\tvarious\tlocal\tand\tstate\tgovernment\tagencies,\twhich\tis\trecognized\tas\trevenue\tover\tthe\nlease\tterm.\nWe\tcapitalize\tinitial\tdirect\tcosts\tfrom\t\nthe\texecution\tof\tagreements\tfor\tsolar\tenergy\tsystems\t\nand\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.\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\napproximates\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"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77702-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 36, "chroma:document": "for\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.\n37"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7775c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 37, "chroma:document": "Warranties\nWe\tprovide\ta\tmanufacturer\u2019s\twarranty\ton\tall\tnew\tand\tused\tvehicles\tand\ta\twarranty\ton\tthe\tinstallation\tand\tcomponents\tof\tthe\tenergy\tgeneration\tand\nstorage\tsystems\twe\tsell\tfor\tperiods\ttypically\tbetween\t10\tto\t25\tyears.\tWe\taccrue\ta\twarranty\treserve\tfor\tthe\tproducts\tsold\tby\tus,\twhich\tincludes\tour\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\t12\nmonths\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.\nStock-Based\tCompensation\nWe\tuse\tthe\tfair\tvalue\tmethod\tof\taccounting\tfor\tour\tstock\toptions\tand\trestricted\tstock\tunits\t(\u201cRSUs\u201d)\tgranted\tto\temployees\tand\tfor\tour\temployee\tstock\npurchase\tplan\t(the\t\u201cESPP\u201d)\tto\tmeasure\tthe\tcost\tof\temployee\tservices\treceived\tin\texchange\tfor\tthe\tstock-based\tawards.\tThe\tfair\tvalue\tof\tstock\toption\tawards"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d777c0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 37, "chroma:document": "with\tonly\tservice\tand/or\tperformance\tconditions\tis\testimated\ton\tthe\tgrant\tor\toffering\tdate\tusing\tthe\tBlack-Scholes\toption-pricing\tmodel.\tThe\tBlack-Scholes\noption-pricing\tmodel\trequires\tinputs\tsuch\tas\tthe\trisk-free\tinterest\trate,\texpected\tterm\tand\texpected\tvolatility.\tThese\tinputs\tare\tsubjective\tand\tgenerally\trequire\nsignificant\tjudgment.\tThe\tfair\tvalue\tof\tRSUs\tis\tmeasured\ton\tthe\tgrant\tdate\tbased\ton\tthe\tclosing\tfair\tmarket\tvalue\tof\tour\tcommon\tstock.\tThe\tresulting\tcost\tis\nrecognized\tover\tthe\tperiod\tduring\twhich\tan\temployee\tis\trequired\tto\tprovide\tservice\tin\texchange\tfor\tthe\tawards,\tusually\tthe\tvesting\tperiod,\twhich\tis\tgenerally\nfour\tyears\tfor\tstock\toptions\tand\tRSUs\tand\tsix\tmonths\tfor\tthe\tESPP.\tStock-based\tcompensation\texpense\tis\trecognized\ton\ta\tstraight-line\tbasis,\tnet\tof\tactual\nforfeitures\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"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d7781a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 37, "chroma:document": "achievement\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.\tIf\tadditional\toperational\tmilestones\tbecome\tprobable,\tstock-based\ncompensation\texpense\twill\tbe\trecorded\tin\tthe\tperiod\tit\tbecomes\tprobable\tincluding\tcumulative\tcatch-up\texpense\tfor\tthe\tservice\tprovided\tsince\tthe\tgrant\tdate.\nThe\tfair\tvalue\tof\tsuch\tawards\tis\testimated\ton\tthe\tgrant\tdate\tusing\tMonte\tCarlo\tsimulations.\nAs\twe\taccumulate\tadditional\temployee\tstock-based\tawards\tdata\tover\ttime\tand\tas\twe\tincorporate\tmarket\tdata\trelated\tto\tour\tcommon\tstock,\twe\tmay\ncalculate\tsignificantly\tdifferent\tvolatilities\tand\texpected\tlives,\twhich\tcould\tmaterially\timpact\tthe\tvaluation\tof\tour\tstock-based\tawards\tand\tthe\tstock-based\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.\nIncome\tTaxes\nWe\tare\tsubject\tto\ttaxes\tin\tthe\tU.S.\tand\tin\tmany\tforeign\tjurisdictions.\tSignificant\tjudgment\tis\trequired\tin\tdetermining\tour\tprovision\tfor\tincome\ttaxes,\tour\ndeferred\ttax\tassets\tand\tliabilities\tand\tany\tvaluation\tallowance\trecorded\tagainst\tour\tnet\tdeferred\ttax\tassets.\tWe\tmake\tthese\testimates\tand\tjudgments\tabout\tour\nfuture\ttaxable\tincome\tthat\tare\tbased\ton\tassumptions\tthat\tare\tconsistent\twith\tour\tfuture\tplans.\tTax\tlaws,\tregulations\tand\tadministrative\tpractices\tmay\tbe\nsubject\tto\tchange\tdue\tto\teconomic\tor\tpolitical\tconditions\tincluding\tfundamental\tchanges\tto\tthe\ttax\tlaws\tapplicable\tto\tcorporate\tmultinationals.\tThe\tU.S.,\tmany"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77874-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 37, "chroma:document": "countries\tin\tthe\tEuropean\tUnion\tand\ta\tnumber\tof\tother\tcountries\tare\tactively\tconsidering\tchanges\tin\tthis\tregard.\tAs\tof\tDecember\t31,\t2020,\twe\thad\trecorded\ta\nfull\tvaluation\tallowance\ton\tour\tnet\tU.S.\tdeferred\ttax\tassets\tbecause\twe\texpect\tthat\tit\tis\tmore\tlikely\tthan\tnot\tthat\tour\tU.S.\tdeferred\ttax\tassets\twill\tnot\tbe\nrealized.\tShould\tthe\tactual\tamounts\tdiffer\tfrom\tour\testimates,\tthe\tamount\tof\tour\tvaluation\tallowance\tcould\tbe\tmaterially\timpacted.\n38"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d778ce-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 38, "chroma:document": "Furthermore,\tsignificant\tjudgment\tis\trequired\tin\tevaluating\tour\ttax\tpositions.\tIn\tthe\tordinary\tcourse\tof\tbusiness,\tthere\tare\tmany\ttransactions\tand\ncalculations\tfor\twhich\tthe\tultimate\ttax\tsettlement\tis\tuncertain.\tAs\ta\tresult,\twe\trecognize\tthe\teffect\tof\tthis\tuncertainty\ton\tour\ttax\tattributes\tor\ttaxes\tpayable\nbased\ton\tour\testimates\tof\tthe\teventual\toutcome.\tThese\teffects\tare\trecognized\twhen,\tdespite\tour\tbelief\tthat\tour\ttax\treturn\tpositions\tare\tsupportable,\twe\tbelieve\nthat\tit\tis\tlikely\tthat\tsome\tof\tthose\tpositions\tmay\tnot\tbe\tfully\tsustained\tupon\treview\tby\ttax\tauthorities.\tWe\tare\trequired\tto\tfile\tincome\ttax\treturns\tin\tthe\tU.S.\tand\nvarious\tforeign\tjurisdictions,\twhich\trequires\tus\tto\tinterpret\tthe\tapplicable\ttax\tlaws\tand\tregulations\tin\teffect\tin\tsuch\tjurisdictions.\tSuch\treturns\tare\tsubject\tto\naudit\tby\tthe\tvarious\tfederal,\tstate\tand\tforeign\ttaxing\tauthorities,\twho\tmay\tdisagree\twith\trespect\tto\tour\ttax\tpositions.\tWe\tbelieve\tthat\tour\tconsideration\tis\nadequate\tfor\tall\topen\taudit\tyears\tbased\ton\tour\tassessment\tof\tmany\tfactors,\tincluding\tpast\texperience\tand\tinterpretations\tof\ttax\tlaw.\tWe\treview\tand\tupdate\tour\nestimates\tin\tlight\tof\tchanging\tfacts\tand\tcircumstances,\tsuch\tas\tthe\tclosing\tof\ta\ttax\taudit,\tthe\tlapse\tof\ta\tstatute\tof\tlimitations\tor\ta\tchange\tin\testimate.\tTo\tthe\nextent\tthat\tthe\tfinal\ttax\toutcome\tof\tthese\tmatters\tdiffers\tfrom\tour\texpectations,\tsuch\tdifferences\tmay\timpact\tincome\ttax\texpense\tin\tthe\tperiod\tin\twhich\tsuch\ndetermination\tis\tmade.\tThe\teventual\timpact\ton\tour\tincome\ttax\texpense\tdepends\tin\tpart\tif\twe\tstill\thave\ta\tvaluation\tallowance\trecorded\tagainst\tour\tdeferred\ttax\nassets\tin\tthe\tperiod\tthat\tsuch\tdetermination\tis\tmade.\nPrinciples\tof\tConsolidation"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77928-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 38, "chroma:document": "Principles\tof\tConsolidation\nThe\tconsolidated\tfinancial\tstatements\treflect\tour\taccounts\tand\toperations\tand\tthose\tof\tour\tsubsidiaries\tin\twhich\twe\thave\ta\tcontrolling\tfinancial\tinterest.\nIn\taccordance\twith\tthe\tprovisions\tof\tASC\t810,\t\nConsolidation\n,\twe\tconsolidate\tany\tvariable\tinterest\tentity\t(\u201cVIE\u201d)\tof\twhich\twe\tare\tthe\tprimary\tbeneficiary.\tWe\nform\tVIEs\twith\tour\tfinancing\tfund\tinvestors\tin\tthe\tordinary\tcourse\tof\tbusiness\tin\torder\tto\tfacilitate\tthe\tfunding\tand\tmonetization\tof\tcertain\tattributes\tassociated\nwith\tour\tsolar\tenergy\tsystems\tand\tleases\tunder\tour\tdirect\tvehicle\tleasing\tprograms.\tThe\ttypical\tcondition\tfor\ta\tcontrolling\tfinancial\tinterest\townership\tis\nholding\ta\tmajority\tof\tthe\tvoting\tinterests\tof\tan\tentity;\thowever,\ta\tcontrolling\tfinancial\tinterest\tmay\talso\texist\tin\tentities,\tsuch\tas\tVIEs,\tthrough\tarrangements\nthat\tdo\tnot\tinvolve\tcontrolling\tvoting\tinterests.\tASC\t810\trequires\ta\tvariable\tinterest\tholder\tto\tconsolidate\ta\tVIE\tif\tthat\tparty\thas\tthe\tpower\tto\tdirect\tthe\nactivities\tof\tthe\tVIE\tthat\tmost\tsignificantly\timpact\tthe\tVIE\u2019s\teconomic\tperformance\tand\tthe\tobligation\tto\tabsorb\tlosses\tof\tthe\tVIE\tthat\tcould\tpotentially\tbe\nsignificant\tto\tthe\tVIE\tor\tthe\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\na\tmajority\townership\tinterest\twhen\twe\tare\tnot\tconsidered\tthe\tprimary\tbeneficiary.\tWe\thave\tdetermined\tthat\twe\tare\tthe\tprimary\tbeneficiary\tof\tall\tthe\tVIEs.\tWe\nevaluate\tour\trelationships\twith\tall\tthe\tVIEs\ton\tan\tongoing\tbasis\tto\tensure\tthat\twe\tcontinue\tto\tbe\tthe\tprimary\tbeneficiary.\tAll\tintercompany\ttransactions\tand\nbalances\thave\tbeen\teliminated\tupon\tconsolidation."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77982-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 38, "chroma:document": "balances\thave\tbeen\teliminated\tupon\tconsolidation.\nNoncontrolling\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"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d779dc-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 38, "chroma:document": "parties\u2019\tinterests\tin\tthe\tresults\tof\toperations\tof\tthe\tfunds\tare\tdetermined\tas\tthe\tdifference\tin\tthe\tnoncontrolling\tinterest\tand\tredeemable\tnoncontrolling\tinterest\nbalances\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\tnet\tincome\t(loss)\tattributable\tto\nnoncontrolling\tinterests\tand\tredeemable\tnoncontrolling\tinterests\tin\tsubsidiaries\tdue\tto\tchanges\tin\tthe\tliquidation\tprovisions\tas\ttime-based\tmilestones\tare\nreached.\n\t\n39"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77a40-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 39, "chroma:document": "Results\tof\tOperations\nEffects\tof\tCOVID-19\nThe\tCOVID-19\tpandemic\timpacted\tour\tbusiness\tand\tfinancial\tresults\tin\t2020.\nThe\ttemporary\tsuspension\tof\tproduction\tat\tour\tfactories\tduring\tthe\tfirst\thalf\tof\t2020\tcaused\tproduction\tlimitations\tthat,\ttogether\twith\treduced\tor\tclosed\ngovernment\tand\tthird\tparty\tpartner\toperations\tin\tthe\tyear,\tnegatively\timpacted\tour\tdeliveries\tand\tdeployments\tin\t2020.\tWhile\twe\tresumed\toperations\tat\tall\tof\nour\tfactories\tworldwide,\tour\ttemporary\tsuspension\tat\tour\tfactories\tresulted\tin\tidle\tcapacity\tcharges\tas\twe\tstill\tincurred\tfixed\tcosts\tsuch\tas\tdepreciation,\tcertain\npayroll\trelated\texpenses\tand\tproperty\ttaxes.\tAs\tpart\tof\tour\tresponse\tstrategy\tto\tthe\tbusiness\tdisruptions\tand\tuncertainty\taround\tmacroeconomic\tconditions\ncaused\tby\tthe\tCOVID-19\tpandemic,\twe\tinstituted\tcost\treduction\tinitiatives\tacross\tour\tbusiness\tglobally\tto\tbe\tcommensurate\tto\tthe\tscope\tof\tour\toperations\twhile\nthey\twere\tscaled\tback\tin\tthe\tfirst\thalf\tof\t2020.\tThis\tincluded\ttemporary\tlabor\tcost\treduction\tmeasures\tsuch\tas\temployee\tfurloughs\tand\tcompensation\nreductions.\tAdditionally,\twe\tsuspended\tnon-critical\toperating\tspend\tand\topportunistically\trenegotiated\tsupplier\tand\tvendor\tarrangements.\tAs\tpart\tof\tvarious\ngovernmental\tresponses\tto\tthe\tpandemic\tgranted\tto\tcompanies\tglobally,\twe\treceived\tcertain\tpayroll\trelated\tbenefits\twhich\thelped\tto\treduce\tthe\timpact\tof\tthe\nCOVID-19\tpandemic\ton\tour\tfinancial\tresults.\tSuch\tpayroll\trelated\tbenefits\trelated\tto\tour\tdirect\theadcount\thave\tbeen\tprimarily\tnetted\tagainst\tour\tdisclosed\tidle\ncapacity\tcharges\tand\tthey\tmarginally\treduced\tour\toperating\texpenses.\tThe\timpact\tof\tthe\tidle\tcapacity\tcharges\tincurred\tduring\tthe\tfirst\thalf\tof\t2020\twere"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77a9a-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 39, "chroma:document": "almost\tentirely\toffset\tby\tour\tcost\tsavings\tinitiatives\tand\tpayroll\trelated\tbenefits.\n\t\nRevenues\n\t\n\t\n\t\nYear\tEnded\tDecember\t31,\n\t\n\t\n2020\n\t\nvs.\n\t\n2019\n\t\nChange\n\t\n\t\n2019\n\t\nvs.\n\t\n2018\n\t\nChange\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\nAutomotive\tsales\n\t\n$\n26,184\n\t\n\t\n$\n19,952\n\t\n\t\n$\n17,632\n\t\n\t\n$\n6,232\n\t\n\t\n\t\n31\n%\n\t\n$\n2,320\n\t\n\t\n\t\n13\n%\nAutomotive\tleasing\n\t\n\t\n1,052\n\t\n\t\n\t\n869\n\t\n\t\n\t\n883\n\t\n\t\n\t\n183\n\t\n\t\n\t\n21\n%\n\t\n\t\n(14\n)\n\t\n\t\n-2\n%\nTotal\tautomotive\trevenues\n\t\n\t\n27,236\n\t\n\t\n\t\n20,821\n\t\n\t\n\t\n18,515\n\t\n\t\n\t\n6,415\n\t\n\t\n\t\n31\n%\n\t\n\t\n2,306\n\t\n\t\n\t\n12\n%\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\n\t\n\t\n80\n\t\n\t\n\t\n4\n%\n\t\n\t\n835\n\t\n\t\n\t\n60\n%\nTotal\tautomotive\t&\tservices\tand\tother\n\t\t\tsegment\trevenue\n\t\n\t\n29,542\n\t\n\t\n\t\n23,047\n\t\n\t\n\t\n19,906\n\t\n\t\n\t\n6,495\n\t\n\t\n\t\n28\n%\n\t\n\t\n3,141\n\t\n\t\n\t\n16\n%"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77af4-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 39, "chroma:document": "3,141\n\t\n\t\n\t\n16\n%\nEnergy\tgeneration\tand\tstorage\tsegment\trevenue\n\t\n\t\n1,994\n\t\n\t\n\t\n1,531\n\t\n\t\n\t\n1,555\n\t\n\t\n\t\n463\n\t\n\t\n\t\n30\n%\n\t\n\t\n(24\n)\n\t\n\t\n-2\n%\nTotal\trevenues\n\t\n$\n31,536\n\t\n\t\n$\n24,578\n\t\n\t\n$\n21,461\n\t\n\t\n$\n6,958\n\t\n\t\n\t\n28\n%\n\t\n$\n3,117\n\t\n\t\n\t\n15\n%\n\t\nAutomotive\t&\tServices\tand\tOther\tSegment\nAutomotive\tsales\trevenue\tincludes\trevenues\trelated\tto\tcash\tdeliveries\tof\tnew\tModel\tS,\tModel\tX,\tModel\t3\tand\tModel\tY\tvehicles,\tincluding\taccess\tto\tour\nSupercharger\tnetwork,\tinternet\tconnectivity,\tFSD\tfeatures\tand\tover-the-air\tsoftware\tupdates,\tas\twell\tas\tsales\tof\tregulatory\tcredits\tto\tother\tautomotive\nmanufacturers.\tCash\tdeliveries\tare\tvehicles\tthat\tare\tnot\tsubject\tto\tlease\taccounting.\tOur\trevenue\tfrom\tregulatory\tcredits\tfluctuates\tdepending\ton\twhen\ta\ncontract\tis\texecuted\twith\ta\tbuyer\tand\twhen\tthe\tcredits\tare\tdelivered.\nAutomotive\tleasing\trevenue\tincludes\tthe\tamortization\tof\trevenue\tfor\tvehicles\tunder\tdirect\toperating\tlease\tagreements\tas\twell\tas\tthose\tsold\twith\tresale\nvalue\tguarantees\taccounted\tfor\tas\toperating\tleases\tunder\tlease\taccounting.\tWe\tbegan\toffering\tdirect\tleasing\tfor\tModel\t3\tvehicles\tin\tthe\tsecond\tquarter\tof\t2019\nand\twe\tbegan\toffering\tdirect\tleasing\tfor\tModel\tY\tvehicles\tin\tthe\tthird\tquarter\tof\t2020.\tAdditionally,\tautomotive\tleasing\trevenue\tincludes\tdirect\tsales-type\nleasing\tprograms\twhere\twe\trecognize\tall\trevenue\tassociated\twith\tthe\tsales-type\tlease\tupon\tdelivery\tto\tthe\tcustomer,\twhich\twe\tintroduced\tin\tvolume\tduring\tthe"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77b4e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 39, "chroma:document": "third\tquarter\tof\t2020.\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.\n40"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77b9e-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 40, "chroma:document": "2020\tcompared\tto\t2019\nAutomotive\tsales\trevenue\tincreased\t$6.23\tbillion,\tor\t31%,\tin\tthe\tyear\tended\tDecember\t31,\t2020\tas\tcompared\tto\tthe\tyear\tended\tDecember\t31,\n2019,\n\tprimarily\tdue\tto\tan\tincrease\tof\t129,268\tModel\t3\tand\tModel\tY\tcash\tdeliveries\tdespite\tproduction\tlimitations\tas\ta\tresult\tof\ttemporary\tsuspension\tof\nproduction\tat\tthe\tFremont\tFactory\tand\tGigafactory\tNevada\tduring\tthe\tfirst\thalf\tof\t2020.\tWe\twere\table\tto\tincrease\tdeliveries\tyear\tover\tyear\tfrom\tproduction\nramping\tat\tboth\tGigafactory\tShanghai\tand\tthe\tFremont\tFactory.\tThere\twas\talso\tan\tincrease\tof\t$986\tmillion\tfrom\tadditional\tsales\tof\tregulatory\tcredits\tto\t$1.58\nbillion\tin\tthe\tyear\tended\tDecember\t31,\t2020.\tAdditionally,\tdue\tto\tpricing\tadjustments\twe\tmade\tto\tour\tvehicle\tofferings\tduring\tthe\tyear\tended\tDecember\t31,\n2019,\twe\testimated\tthat\tthere\twas\ta\tgreater\tlikelihood\tthat\tcustomers\twould\texercise\ttheir\tbuyback\toptions\tand\tadjusted\tour\tsales\treturn\treserve\ton\tvehicles\npreviously\tsold\tunder\tour\tbuyback\toptions\tprogram\twhich\tresulted\tin\ta\treduction\tof\tautomotive\tsales\trevenue\tof\t$555\tmillion.\tWe\tmade\tfurther\tpricing\nadjustments\tthat\tresulted\tin\ta\tsimilar\tbut\tsmaller\treduction\tof\tautomotive\tsales\trevenue\tof\t$72\tmillion\tduring\tthe\tyear\tended\tDecember\t31,\t2020.\tThe\tsmaller\nreduction\tin\trevenue\tfrom\tpricing\tadjustments\tresulted\tin\ta\tpositive\timpact\tto\tautomotive\tsales\trevenue\tof\t$483\tmillion\tyear\tover\tyear.\tThese\tfactors\tincreasing\nautomotive\tsales\trevenue\twere\tpartially\toffset\tby\ta\tdecrease\tin\tthe\tcombined\taverage\tselling\tprice\tof\tModel\t3\tand\tModel\tY.\tDespite\tthe\tinclusion\tof\thigher"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77c02-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 40, "chroma:document": "priced\tModel\tY\tdeliveries\tin\t2020,\tthe\tcombined\taverage\tselling\tprice\tof\tModel\t3\tand\tModel\tY\tdecreased\tdue\tto\ta\thigher\tproportion\tof\tModel\t3\tStandard\tRange\nvariants\tin\tour\tsales\tmix\tcompared\tto\tthe\tprior\tyear.\tAdditionally,\tthere\twas\ta\tdecrease\tin\tautomotive\tsales\trevenue\tfrom\t8,669\tfewer\tModel\tS\tand\tModel\tX\ncash\tdeliveries\tat\ta\trelatively\tconsistent\tcombined\taverage\tselling\tprice\tin\tthe\tyear\tended\tDecember\t31,\t2020\tcompared\tto\tthe\tprior\tyear.\nAutomotive\tleasing\trevenue\tincreased\t$183\tmillion,\tor\t21%,\tin\tthe\tyear\tended\tDecember\t31,\t2020\tas\tcompared\tto\tthe\tyear\tended\tDecember\t31,\t2019\n,\nprimarily\tdue\tto\tan\tincrease\tin\tcumulative\tvehicles\tunder\tour\tdirect\toperating\tlease\tprogram\tand\tthe\tintroduction\tof\tdirect\tsales-type\tleasing\tprograms\twhich\nwe\tbegan\toffering\tin\tvolume\tduring\tthe\tthird\tquarter\tof\t2020\twhere\twe\trecognize\tall\trevenue\tassociated\twith\tthe\tsales-type\tlease\tupon\tdelivery\tto\tthe\ncustomer.\tThese\tincreases\twere\tpartially\toffset\tby\tthe\tdecreases\tin\tautomotive\tleasing\trevenue\tassociated\twith\tour\tresale\tvalue\tguarantee\tleasing\tprograms\naccounted\tfor\tas\toperating\tleases\tas\tthose\tportfolios\thave\tdeclined.\nServices\tand\tother\trevenue\tincreased\t$80\tmillion,\tor\t4%,\tin\tthe\tyear\tended\tDecember\t31,\t2020\tas\tcompared\tto\tthe\tyear\tended\tDecember\t31,\n2019,\n\tprimarily\tdue\tto\tan\tincrease\tin\tnon-warranty\tmaintenance\tservices\trevenue\tas\tour\tfleet\tcontinues\tto\tgrow,\tan\tincrease\tin\tretail\tmerchandise\trevenue\tand\nan\tincrease\tin\tsales\tby\tour\tacquired\tsubsidiaries\tto\tthird\tparty\tcustomers\tas\twe\thad\ta\tpartial\tyear\tof\tsales\tin\tthe\tprior\tyear\tfrom\tour\tmid-year\t2019\tacquisitions."}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77c5c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 40, "chroma:document": "These\tincreases\twere\tpartially\toffset\tby\ta\tdecrease\tin\tused\tvehicle\trevenue\tdriven\tby\ta\treduction\tin\tnon-Tesla\ttrade-ins.\nEnergy\tGeneration\tand\tStorage\tSegment\nEnergy\tgeneration\tand\tstorage\trevenue\tincludes\tsales\tand\tleasing\tof\tsolar\tenergy\tgeneration\tand\tenergy\tstorage\tproducts,\tservices\trelated\tto\tsuch\nproducts\tand\tsales\tof\tsolar\tenergy\tsystems\tincentives.\n2020\tcompared\tto\t2019\nEnergy\tgeneration\tand\tstorage\trevenue\tincreased\tby\t$463\tmillion,\tor\t30%,\tin\tthe\tyear\tended\tDecember\t31,\t2020\tas\tcompared\tto\tthe\tyear\tended\nDecember\t31,\t2019,\tprimarily\tdue\tto\tincreases\tin\tdeployments\tof\tMegapack,\tsolar\tcash\tand\tloan\tjobs\tand\tPowerwall,\tpartially\toffset\tby\ta\tdecrease\tin\ndeployments\tof\tPowerpack\tand\treduced\taverage\tselling\tprices\ton\tour\tsolar\tcash\tand\tloan\tjobs\tas\ta\tresult\tof\tour\tlow\tcost\tsolar\tstrategy.\tPowerpack\tdeployments\nhave\tdecreased\tfollowing\tthe\tintroduction\tof\tour\tMegapack\tproduct,\twhich\twe\tbegan\tdeploying\tin\tlate\t2019.\n41"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77cc0-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 41, "chroma:document": "Cost\tof\tRevenues\tand\tGross\tMargin\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\nCost\tof\trevenues\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\tsales\n\t\n$\n19,696\n\t\n\t\n$\n15,939\n\t\n\t\n$\n13,686\n\t\n\t\n$\n3,757\n\t\n\t\n\t\n24\n%\n\t\n$\n2,253\n\t\n\t\n\t\n16\n%\nAutomotive\tleasing\n\t\n\t\n563\n\t\n\t\n\t\n459\n\t\n\t\n\t\n488\n\t\n\t\n\t\n104\n\t\n\t\n\t\n23\n%\n\t\n\t\n(29\n)\n\t\n\t\n-6\n%\nTotal\tautomotive\tcost\tof\trevenues\n\t\n\t\n20,259\n\t\n\t\n\t\n16,398\n\t\n\t\n\t\n14,174\n\t\n\t\n\t\n3,861\n\t\n\t\n\t\n24\n%\n\t\n\t\n2,224\n\t\n\t\n\t\n16\n%\nServices\tand\tother\n\t\n\t\n2,671\n\t\n\t\n\t\n2,770\n\t\n\t\n\t\n1,880\n\t\n\t\n\t\n(99\n)\n\t\n\t\n-4\n%\n\t\n\t\n890\n\t\n\t\n\t\n47\n%\nTotal\tautomotive\t&\tservices\tand\tother\n\t\t\tsegment\tcost\tof\trevenues\n\t\n\t\n22,930\n\t\n\t\n\t\n19,168\n\t\n\t\n\t\n16,054\n\t\n\t\n\t\n3,762"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77d10-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 41, "chroma:document": "16,054\n\t\n\t\n\t\n3,762\n\t\n\t\n\t\n20\n%\n\t\n\t\n3,114\n\t\n\t\n\t\n19\n%\nEnergy\tgeneration\tand\tstorage\tsegment\n\t\n\t\n1,976\n\t\n\t\n\t\n1,341\n\t\n\t\n\t\n1,365\n\t\n\t\n\t\n635\n\t\n\t\n\t\n47\n%\n\t\n\t\n(24\n)\n\t\n\t\n-2\n%\nTotal\tcost\tof\trevenues\n\t\n$\n24,906\n\t\n\t\n$\n20,509\n\t\n\t\n$\n17,419\n\t\n\t\n$\n4,397\n\t\n\t\n\t\n21\n%\n\t\n$\n3,090\n\t\n\t\n\t\n18\n%\nGross\tprofit\ttotal\tautomotive\n\t\n$\n6,977\n\t\n\t\n$\n4,423\n\t\n\t\n$\n4,341\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\nGross\tmargin\ttotal\tautomotive\n\t\n\t\n26\n%\n\t\n\t\n21\n%\n\t\n\t\n23\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\nGross\tprofit\ttotal\tautomotive\t&\tservices\tand\tother\n\t\t\tsegment\n\t\n$\n6,612\n\t\n\t\n$\n3,879\n\t\n\t\n$\n3,852\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nGross\tmargin\ttotal\tautomotive\t&\tservices\tand\tother\n\t\t\tsegment\n\t\n\t\n22\n%\n\t\n\t\n17\n%\n\t\n\t\n19\n%\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nGross\tprofit\tenergy\tgeneration\tand\tstorage\tsegment\n\t\n$\n18\n\t\n\t\n$\n190"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77d74-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 41, "chroma:document": "$\n18\n\t\n\t\n$\n190\n\t\n\t\n$\n190\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nGross\tmargin\tenergy\tgeneration\tand\tstorage\tsegment\n\t\n\t\n1\n%\n\t\n\t\n12\n%\n\t\n\t\n12\n%\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\nTotal\tgross\tprofit\n\t\n$\n6,630\n\t\n\t\n$\n4,069\n\t\n\t\n$\n4,042\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\tgross\tmargin\n\t\n\t\n21\n%\n\t\n\t\n17\n%\n\t\n\t\n19\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\nAutomotive\t&\tServices\tand\tOther\tSegment\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.\nCost\tof\tautomotive\tleasing\trevenue\tincludes\tthe\tamortization\tof\toperating\tlease\tvehicles\tover\tthe\tlease\tterm,\tcost\tof\tgoods\tsold\tassociated\twith\tdirect"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77dce-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 41, "chroma:document": "sales-type\tleases\twhich\twere\tintroduced\tin\tvolume\tin\tthe\tthird\tquarter\tof\t2020,\tas\twell\tas\twarranty\texpenses\trelated\tto\tleased\tvehicles.\tCost\tof\tautomotive\nleasing\trevenue\talso\tincludes\tvehicle\tconnectivity\tcosts\tand\tallocations\tof\telectricity\tand\tinfrastructure\tcosts\trelated\tto\tour\tSupercharger\tnetwork\tfor\tvehicles\nunder\tour\tleasing\tprograms.\nCost\tof\tservices\tand\tother\trevenue\tincludes\tcosts\tassociated\twith\tproviding\tnon-warranty\tafter-sales\tservices,\tcosts\tto\tacquire\tand\tcertify\tused\tvehicles,\ncosts\tfor\tretail\tmerchandise,\tand\tcosts\tto\tprovide\tvehicle\tinsurance.\tCost\tof\tservices\tand\tother\trevenue\talso\tincludes\tdirect\tparts,\tmaterial\tand\tlabor\tcosts\tand\nmanufacturing\toverhead\tassociated\twith\tthe\tsales\tby\tour\tacquired\tsubsidiaries\tto\tthird\tparty\tcustomers.\n2020\tcompared\tto\t2019\nCost\tof\tautomotive\tsales\trevenue\tincreased\t$3.76\tbillion,\tor\t24%,\tin\tthe\tyear\tended\tDecember\t31,\t2020\tas\tcompared\tto\tthe\tyear\tended\tDecember\t31,\n2019\n,\tprimarily\tdue\tto\tan\tincrease\tof\t129,268\tModel\t3\tand\tModel\tY\tcash\tdeliveries.\tDue\tto\tpricing\tadjustments\twe\tmade\tto\tour\tvehicle\tofferings\tduring\tthe\nyear\tended\tDecember\t31,\t2019,\twe\testimated\tthat\tthere\twas\ta\tgreater\tlikelihood\tthat\tcustomers\twould\texercise\ttheir\tbuyback\toptions\tand\tif\tcustomers\telect\tto\nexercise\tthe\tbuyback\toption,\twe\texpect\tto\tbe\table\tto\tsubsequently\tresell\tthe\treturned\tvehicles,\twhich\tresulted\tin\ta\treduction\tof\tcost\tof\tautomotive\tsales\trevenue\nof\t$451\tmillion.\tWe\tmade\tfurther\tpricing\tadjustments\tthat\tresulted\tin\ta\tsimilar\tbut\tsmaller\treduction\tof\tcost\tof\tautomotive\tsales\trevenue\tof\t$42\tmillion\tduring"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77e28-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 41, "chroma:document": "the\tyear\tended\tDecember\t31,\t2020.\tAdditionally,\tthere\twas\tan\tincrease\tto\tcost\tof\tautomotive\tsales\trevenue\tfrom\tidle\tcapacity\tcharges\tof\t$213\tmillion\tas\ta\nresult\tof\ttemporary\tsuspension\tof\tproduction\tat\tthe\tFremont\tFactory\tand\tGigafactory\tNevada\tduring\tthe\tfirst\thalf\tof\t2020.\tThese\tfactors\tincreasing\tcost\tof\nautomotive\tsales\trevenue\twere\tpartially\toffset\tby\ta\tdecrease\tin\taverage\tModel\t3\tcosts\tper\tunit\tdue\tto\tlower\tmaterial,\tmanufacturing,\tfreight\tand\tduty\tcosts\nfrom\tlocalized\tprocurement\tand\tmanufacturing\tin\tChina\tand\ta\thigher\tsales\tmix\tof\tlower\tend\ttrims,\tas\twell\tas\ta\tdecrease\tof\t8,669\tModel\tS\tand\tModel\tX\tcash\ndeliveries\tin\tthe\tyear\tended\tDecember\t31,\t2020\tcompared\tto\tthe\tprior\tyear.\n42"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77e8c-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 42, "chroma:document": "Cost\tof\tautomotive\tleasing\trevenue\t\nincreased\n\t\n$104\n\t\nmillion\n,\tor\t\n23%\n,\tin\tthe\tyear\tended\t\nDecember\t31,\t2020\n\t\nas\t\ncompared\tto\tthe\tyear\tended\t\nDecember\t31,\n2019\n,\tprimarily\tdue\tto\tan\tincrease\tin\tcumulative\tvehicles\tunder\tour\tdirect\toperating\tlease\tprogram\tand\tthe\tintroduction\tof\tdirect\tsales-type\tleasing\tprograms\nwhich\twe\tbegan\toffering\tin\tvolume\tduring\tthe\tthird\tquarter\tof\t2020\twhere\twe\trecognize\tall\tcost\tof\trevenue\tassociated\twith\tthe\tsales-type\tlease\tupon\tdelivery\tto\nthe\tcustomer.\tThese\tincreases\twere\tpartially\toffset\tby\tthe\tdecreases\tin\tcost\tof\tautomotive\tlease\trevenue\tassociated\twith\tour\tresale\tvalue\tguarantee\tleasing\nprograms\twhich\tare\taccounted\tfor\tas\toperating\tleases\tas\tthose\tportfolios\t\nhave\tdeclined\n.\nCost\tof\tservices\tand\tother\trevenue\tdecreased\t$99\tmillion,\tor\t4%,\tin\tthe\tyear\tended\tDecember\t31,\t2020\tas\tcompared\tto\tthe\tyear\tended\tDecember\t31,\n2019\n,\tprimarily\tdue\tto\ta\tdecrease\tin\tused\tvehicle\tcost\tof\trevenue\tdriven\tby\ta\treduction\tin\tnon-Tesla\ttrade-ins,\tpartially\toffset\tby\tincreases\tin\tnon-warranty\nmaintenance\tservices\tas\tour\tfleet\tcontinues\tto\tgrow\tand\tan\tincrease\tin\tcosts\tof\tretail\tmerchandise\tas\tour\tsales\thave\tincreased.\nGross\tmargin\tfor\ttotal\tautomotive\tincreased\tfrom\t21%\tto\t26%\tin\tthe\tyear\tended\tDecember\t31,\t2020\tas\tcompared\tto\tthe\tyear\tended\tDecember\t31,\t2019\n,\nprimarily\tdue\tto\tan\timprovement\tof\tModel\t3\tgross\tmargin\tprimarily\tfrom\tlower\tmaterial,\tmanufacturing,\tfreight\tand\tduty\tcosts\tfrom\tlocalized\tprocurement\tand"}


created_at: 2024-04-06 13:59:07
topic: persistent://default/default/19a10f6c-edf5-4774-8347-509021fad678
id: c5d77f04-f41d-11ee-a3fb-0242ac1c000c
encoding: FLOAT32
metadata:
{"source": "tesla-annual-reports/tsla-10k_20201231-gen.pdf", "page": 42, "chroma:document": "manufacturing\tin\tChina,\tpartially\toffset\tby\ta\tdecrease\tin\tthe\taverage\tselling\tprice\tof\tModel\t3\tdue\tto\ta\thigher\tproportion\tof\tModel\t3\tStandard\tRange\tvariants\tin\nour\tsales\tmix\tcompared\tto\tthe\tprior\tyear.\tAdditionally,\tthere\twas\tan\tincrease\tof\t$986\tmillion\tin\tsales\tof\tregulatory\tcredits\tand\ta\tpositive\timpact\tfrom\tModel\tY\ndeliveries\tin\t2020\tas\tModel\tY\tgross\tmargin\twas\thigher\tthan\tour\tprior\tyear\ttotal\tautomotive\tgross\tmargin.\tThese\tincreases\twere\tpartially\toffset\tby\tidle\tcapacity\ncharges\tof\t$213\tmillion\tas\ta\tresult\tof\ta\ttemporary\tsuspension\tof\tproduction\tat\tthe\tFremont\tFactory\tand\tGigafactory\tNevada\tduring\tthe\tfirst\thalf\tof\t2020.\nGross\tmargin\tfor\ttotal\tautomotive\t&\tservices\tand\tother\tsegment\tincreased\tfrom\t17%\tto\t22%\tin\tthe\tyear\tended\tDecember\t31,\t2020\tas\tcompared\tto\tthe\nyear\tended\tDecember\t31,\t2019,\t\nprimarily\tdue\tto\tthe\tautomotive\tgross\tmargin\timpacts\tdiscussed\tabove\tand\ta\tlower\tproportion\tof\tservices\tand\tother,\twhich\noperated\tat\ta\tlower\tgross\tmargin\tthan\tour\tautomotive\tbusiness,\twithin\tthe\tsegment\tin\tthe\tyear\tended\tDecember\t31,\t2020.\tAdditionally,\tthere\twas\tan\nimprovement\tin\tour\tnon-warranty\tmaintenance\tservices\tgross\tmargin\tdue\tto\tincreased\toperational\tefficiencies\tdespite\tadditional\tcosts\tfrom\tramping\tservice\ncenters\tto\taccommodate\ta\tlarger\tdeployed\tfleet\tand\tan\timprovement\tin\tour\tused\tvehicle\tsales\tgross\tmargin.\nEnergy\tGeneration\tand\tStorage\tSegment\nCost\tof\tenergy\tgeneration\tand\tstorage\trevenue\tincludes\tdirect\tand\tindirect\tmaterial\tand\tlabor\tcosts,\twarehouse\trent,\tfreight,\twarranty\texpense,\tother"}


