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| 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.