11/30/22, 6:52 PM Module Six Assignment Guidelines and Ru
ic - BUS-400-T2417 Driving Business Opportunities 22EW2
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Overview
Crea�vity and diversity can lead to outcomes that both maximize profit and enhance social well-being. Business leaders use measurable factors to help determine design and
development decisions, “go” or “no-go” milestones, financial models, and many “what if” scenarios. In this process, the new product or service is considered as part of a system.
Scenario
You rocked your BMC and received a great response from the experienced project manager (PM). As you read the feedback, you realize that it’s now �me to develop the financial
component. In the comments, the PM also stated that no ma�er how good an idea is, to senior management, it’s a “no-go” if the new product or service does not produce sales.
In prepara�on for your funding pitch, which you will submit as your course project in Module Seven, the PM also warns that funding pitches are quick and decisive. Including too much
informa�on could overwhelm senior management, cause more ques�ons, and erode the purpose of the funding pitch.
Prompt
The PM’s direc�ve at this point is for you to develop a 24-month pro forma that demonstrates the poten�al profitability of the new product or service in an income statement. You will
use the Module Six Assignment Template linked in the Guidelines for Submission sec�on to complete this assignment.
You may use the cu
ent company’s income statement to project what can be added to the company’s profitability. This can be found in the company’s 10-K. Look to other companies
in the marketplace with products or services similar to the one you are proposing as a basis for your projec�ons. Addi�onally, you may use the company’s cu
ent year numbers and key
assump�ons based on your analysis of the market to project into the future. Remember, these numbers are purely specula�ve.
In the template, you will specifically address the following:
Previous fiscal year: Iden�fy historical informa�on for the previous fiscal year.
24-month projec�ons: Speculate projec�ons for 24 months.
Explana�on of assump�ons: Explain how you were able to speculate appropriate assump�ons.
Guidelines for Submission
Submit the completed Module Six Assignment Template Word Document as a Word document. Sources should be cited according to APA style.
Module Six Assignment Ru
ic
Criteria Exemplary (100%) Proficient (85%) Needs Improvement (55%) Not Evident (0%) Value
Previous Fiscal Year Exceeds proficiency in an
excep�onally clear, insigh�ul,
sophis�cated, or crea�ve
manne
Iden�fies historical
informa�on from the previous
fiscal yea
Shows progress toward
proficiency, but with e
ors o
omissions; areas fo
improvement may include
missing or inco
ect
informa�on
Does not a�empt criterion 20
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11/30/22, 6:52 PM Module Six Assignment Guidelines and Ru
ic - BUS-400-T2417 Driving Business Opportunities 22EW2
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Criteria Exemplary (100%) Proficient (85%) Needs Improvement (55%) Not Evident (0%) Value
24-Month Projec�ons Exceeds proficiency in an
excep�onally clear, insigh�ul,
sophis�cated, or crea�ve
manne
Speculates projec�ons for 24
months
Shows progress toward
proficiency, but with e
ors o
omissions; areas fo
improvement may include
missing or unrealis�c
projec�ons
Does not a�empt criterion 30
Explana�on of
Assump�ons
Exceeds proficiency in an
excep�onally clear, insigh�ul,
sophis�cated, or crea�ve
manne
Explains ability to speculate
appropriate assump�ons
Shows progress toward
proficiency, but with e
ors o
omissions; areas fo
improvement may include
explana�ons that are cursory,
or assump�ons that are not
clearly stated
Does not a�empt criterion 30
Ar�cula�on of Response Exceeds proficiency in an
excep�onally clear, insigh�ul,
sophis�cated, or crea�ve
manne
Clearly conveys meaning with
co
ect grammar, sentence
structure, and spelling,
demonstra�ng an
understanding of audience
and purpose
Shows progress toward
proficiency, but with e
ors in
grammar, sentence structure,
and spelling, nega�vely
impac�ng readability
Submission has cri�cal e
ors
in grammar, sentence
structure, and spelling,
preven�ng understanding of
ideas
10
Cita�ons and A�ribu�ons Uses cita�ons for ideas
equiring a�ribu�on, with few
or no minor e
ors
Uses cita�ons for ideas
equiring a�ribu�on, with
consistent minor e
ors
Uses cita�ons for ideas
equiring a�ribu�on, with
major e
ors
Does not use cita�ons fo
ideas requiring a�ribu�on
10
Total: 100%
11/30/22, 6:55 PM 10-K
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
(Mark One)
☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the fiscal year ended December 31, 2021
OR
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from _________ to _________
Commission File Number: XXXXXXXXXX
Tesla, Inc.
(Exact name of registrant as specified in its charter)
Delaware XXXXXXXXXX
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employe
Identification No.)
13101 Tesla Road
Austin, Texas
78725
(Address of principal executive offices) (Zip Code)
XXXXXXXXXX
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common stock TSLA The Nasdaq Global Select Market
Securities registered pursuant to Section 12(g) of the Act:
None
Indicate by check mark whether the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
Yes ☒ No ☐
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes ☐ No
☒
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 (“Exchange Act”) during the preceding 12 months (or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted
pursuant to Rule 405 of Regulation S-T (§ XXXXXXXXXXof this chapter) during the preceding 12 months (or for such shorter period that the
egistrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller
eporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller
eporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act:
Large accelerated filer
☒
Accelerated filer
☐
Non-accelerated filer
☐
Smaller reporting company
☐
Emerging growth company
☐
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Indicate by check mark whether the Registrant has filed a report on and attestation to its management’s assessment of the
effectiveness of its internal control over financial reporting under Section 404(b) of the Sa
anes-Oxley Act (15 U.S.C. 7262(b)) by the
egistered public accounting firm that prepared or issued its audit report. ☒
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No
☒
The aggregate market value of voting stock held by non-affiliates of the registrant, as of June 30, 2021, the last day of the
egistrant’s most recently completed second fiscal quarter, was $541.28 billion (based on the closing price for shares of the registrant’s
Common Stock as reported by the NASDAQ Global Select Market on June 30, XXXXXXXXXXShares of Common Stock held by each
executive officer, director, and holder of 5% or more of the outstanding Common Stock have been excluded in that such persons may
e deemed to be affiliates. This determination of affiliate status is not necessarily a conclusive determination for other purposes.
As of January 31, 2022, there were 1,033,507,611 shares of the registrant’s common stock outstanding.
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the registrant’s Proxy Statement for the 2022 Annual Meeting of Stockholders are incorporated herein by reference in
Part III of this Annual Report on Form 10-K to the extent stated herein. Such proxy statement will be filed with the Securities and
Exchange Commission within 120 days of the registrant’s fiscal year ended December 31, 2021.
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TESLA, INC.
ANNUAL REPORT ON FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 2021
INDEX
Page
PART I.
Item 1. Business 4
Item 1A. Risk Factors 14
Item 1B. Unresolved Staff Comments 28
Item 2. Properties 28
Item 3. Legal Proceedings 28
Item 4. Mine Safety Disclosures 28
PART II.
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
29
Item 6. [Reserved] 30
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 31
Item 7A. Quantitative and Qualitative Disclosures about Market Risk 43
Item 8. Financial Statements and Supplementary Data 45
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 96
Item 9A. Controls and Procedures 96
Item 9B. Other Information 96
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 96
PART III.
Item 10. Directors, Executive Officers and Corporate Governance 97
Item 11. Executive Compensation 97
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 97
Item 13. Certain Relationships and Related Transactions, and Director Independence 97
Item 14. Principal Accountant Fees and Services 97
PART IV.
Item 15. Exhibits and Financial Statement Schedules 98
Item 16. Summary 115
Signatures 116
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Forward-Looking Statements
The discussions in this Annual Report on Form 10-K contain forward-looking statements reflecting our cu
ent expectations that
involve risks and uncertainties. These forward-looking statements include, but are not limited to, statements concerning any potential
future impact of the coronavirus disease (“COVID-19”) pandemic on our business, supply chain constraints, our strategy, competition,
future operations and production capacity, future financial position, future revenues, projected costs, profitability, expected cost
eductions, capital adequacy, expectations regarding demand and acceptance for our technologies, growth opportunities and trends in
the market in which we operate, prospects and plans and objectives of management. The words “anticipates,” “believes,” “could,”
“estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “will,” “would” and similar expressions are intended to identify
forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve
the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our
forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the
forward-looking statements that we make. These forward-looking statements involve risks and uncertainties that could cause our actual
esults to differ materially from those in the forward-looking statements, including, without limitation, the risks set forth in Part I, Item
1A, “Risk Factors” in this Annual Report on Form 10-K and in our other filings with the Securities and Exchange Commission (the
"SEC"). We do not assume any obligation to update any forward-looking statements.
3
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PART I
ITEM 1. BUSINESS
Overview
We design, develop, manufacture, sell and lease high-performance fully electric vehicles and energy generation and storage
systems, and offer services related to our products. We generally sell our products directly to customers, including through our website
and retail locations. We also continue to grow our customer-facing infrastructure through a global network of vehicle service centers,
Mobile Service technicians, body shops, Supercharger stations and Destination Chargers to accelerate the widespread adoption of our
products. We emphasize performance, attractive