Summary

This isn’t a comprehensive article about Tesla’s 10-K. It’s simply some features that jumped out at me as important.

And by important, I mean things that would be important in an alternate universe where business fundamentals matter. Right now, for Tesla, they don’t matter one bit.

Among the topics here: The possible effects of the Coronavirus on Shanghai production and Chinese demand.

Also, the answer to the Accounts Receivable question posed by David Einhorn. The curious silence about Model Y orders.

The unanswered questions about warranty accounting. The “management sufficiency and stability” risk factor. And the DOJ subpoena.