10-K/APeriod: FY2011

Tesla, Inc. Annual Report (Amendment), Year Ended Dec 31, 2011

Filed March 28, 2012For Securities:TSLA

Summary

This filing is an amendment (10-K/A) to Tesla, Inc.'s previously filed Annual Report on Form 10-K for the fiscal year ended December 31, 2011. The primary purpose of this amendment is to furnish detail-tagged footnotes within Exhibit 101, which is required for XBRL reporting. It's important to note that this amendment does not introduce new financial data or disclose events occurring after the original filing date of February 27, 2012. For investors, this filing essentially confirms the prior financial statements and disclosures for the 2011 fiscal year. The company was operating as Tesla Motors, Inc. at the time and was a large accelerated filer. Key aspects to consider from the original filing (as this amendment focuses on XBRL formatting) would revolve around the company's early stage, its focus on developing and manufacturing electric vehicles like the Model S, its reliance on government loans and partnerships, and its significant investments in research and development. Investors should refer to the original 10-K filing for the substantive financial and operational details.

Financial Highlights

48 data points
Beta

Revenue

$204.24M

30.2% Gross Margin

Net Income

-$254.41M

-124.6% Net Margin

Total Assets

$713.45M

Cash & Equivalents

$255.27M

Free Cash Flow

-$312.26M

Financial Statements
Beta
Revenue$204.24M
Cost of Revenue$142.65M
Gross Profit$61.59M
R&D Expenses$208.98M
SG&A Expenses$104.10M
Operating Expenses$313.08M
Operating Income-$251.49M
Interest Expense$43K
Net Income-$254.41M

Key Highlights

  • 1This is an Amendment No. 1 to the Form 10-K for the fiscal year ended December 31, 2011.
  • 2The amendment's sole purpose is to provide detail-tagged footnotes in Exhibit 101 for XBRL compliance.
  • 3No new financial information or updates to previously disclosed events are included in this amendment.
  • 4Tesla Motors, Inc. is identified as a large accelerated filer.
  • 5The filing confirms the prior disclosure of financial statements and exhibits as filed on February 27, 2012.
  • 6Multiple supply, development, and loan agreements with entities like Toyota, Daimler, Lotus Cars, and the U.S. Department of Energy are listed.
  • 7Stock-based compensation plans (2003 and 2010 Equity Incentive Plans, 2010 Employee Stock Purchase Plan) are detailed within the exhibits.

Frequently Asked Questions

The main purpose of this Amendment No. 1 to the Form 10-K is to provide detailed, XBRL-tagged footnotes, as required by regulatory rules. It does not alter the financial statements or operational disclosures from the original Form 10-K filing.

No, this amendment does not provide updated financial results. It is a technical filing to ensure the original 2011 financial statements and accompanying notes are presented in the required XBRL format. Investors should refer to the original Form 10-K filed on February 27, 2012, for the actual financial performance and details.

Being a 'large accelerated filer' indicates that Tesla met specific size and filing history requirements. Typically, this means the company had a public float of at least $700 million, had been subject to SEC reporting requirements for at least 12 months, and had filed at least one annual report. This classification implies a certain level of established operational and financial scale at that time.

No, this amendment focuses solely on the technical XBRL tagging of footnotes. Any significant business developments, such as new partnerships, product launches, or financial performance metrics for the fiscal year ended December 31, 2011, would have been disclosed in the original Form 10-K filing, not in this amendment.