Summary
Tesla, Inc. (TSLA) filed an 8-K on August 29, 2021, reporting an amendment to a material definitive agreement. Specifically, Tesla Energy Operations, Inc. entered into Amendment #12 to an existing Research & Development Alliance agreement with The Research Foundation for the State University of New York. This amendment adjusts job and investment milestones originally set forth in the agreement.
Key Highlights
- 1Amendment to a material definitive agreement filed.
- 2Agreement is with The Research Foundation for the State University of New York.
- 3The amendment pertains to research and development alliance on Triex Module Technology.
- 4Key changes involve updated job and investment milestones.
- 5Updates are a result of impacts from the COVID-19 pandemic.
- 6Tesla Energy Operations, Inc. is the party to the amendment.