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TSLA Tesla

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2024 Notes, we entered into convertible note hedge transactions whereby we have the option to purchase initially (subject to adjustment for certain specified events) 6 million shares of our common stock at a price of $309.83 per share. The cost of the convertible note hedge transactions was $476 million. In addition, we sold warrants whereby the holders of the warrants have the option to purchase initially (subject to adjustment for certain specified events) 6 million shares of our common stock at a price of $607.50 per share. We received $174 million in cash proceeds from the sale of these warrants. Taken together, the purchase of the convertible note hedges and the sale of the warrants are intended to reduce potential dilution from the conversion of the 2024 Notes and to effectively increase the overall conversion price from $309.83 to $607.50 per share. As these transactions meet certain accounting criteria, the convertible note hedges and warrants are recorded in stockholders’ equity and are not accounted for as derivatives. The net cost incurred i
warrants 6 million shares.
10-Q
2019 Q3
16 Nov 21
Elon Musk and Zach Kirkhorn have changed to Technoking of Tesla and Master of Coin, respectively
You can tell that they take this whole public company thing super seriously
8-K
15 Mar 21
Human Capital Resources
Compared to other mega-cap cos, this is relatively weak disclosure given new Reg S-K requirements (https://www.sec.gov/news/press-release/2020-192). Disclosure on this is all the more important given their lower human capital stakeholder scores from 3rd party ratings (e.g., https://justcapital.com/companies/tesla-inc).
10-K
2020 FY
8 Feb 21
Additionally, we suspended non-critical operating spend and opportunistically renegotiated supplier and vendor arrangements. As part of various governmental responses to the pandemic granted to companies globally, we received certain payroll related benefits which helped to reduce the impact of the COVID-19 pandemic on our financial results. Such payroll related benefits related to our direct headcount have been primarily netted against our disclosed idle capacity charges and they marginally reduced our operating expenses. The impact of the idle capacity charges incurred during the first half of 2020 were almost entirely offset by our cost savings initiatives and payroll related benefits.
Impressive operational tactics.
10-K
2020 FY
8 Feb 21
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