"The Credit Agreement is secured by certain of our accounts receivable, inventory and
equipment. Availability under the Credit Agreement is based on the value of such assets, as reduced by certain reserves." So, $TSLA ability to borrow relies on the value of AR & inventory..
equipment. Availability under the Credit Agreement is based on the value of such assets, as reduced by certain reserves." So, $TSLA ability to borrow relies on the value of AR & inventory..
If anyone was still wondering, Elon did take cash for the 08/18 promissory notes $TSLA
"The cash flows generated by these automotive assets are used to service the monthly principal and interest payments on the Automotive Asset-backed Notes and satisfy the SPE’s expenses, and any remaining cash is distributed to one of our wholly owned subsidiaries."
"We recognize revenue earned from the associated customer lease
contracts in accordance with our revenue recognition policy."
I'm not fully understanding this structure - if anyone has some insight they're willing to share I would appreciate it. $TSLA
contracts in accordance with our revenue recognition policy."
I'm not fully understanding this structure - if anyone has some insight they're willing to share I would appreciate it. $TSLA
Oh, look, another tax-shield creating accounting trick: Amortization of debt discounts (issue bonds at a discount, amortize that discount over the life of the bond to interest expense, a non-cash credit to pre-tax income). $TSLA
Elon's ENTIRE compensation plan relies on:
1. Operational milestones
2. Market cap
3. "Continued employment either as the CEO OR as BOTH Executive Chairman AND Chief Product Officer"
D&O ban sure could put a dent in his comp. plan... $TSLA
1. Operational milestones
2. Market cap
3. "Continued employment either as the CEO OR as BOTH Executive Chairman AND Chief Product Officer"
D&O ban sure could put a dent in his comp. plan... $TSLA
This is why the "Elon has no incentive to pump the stock with lies about Funding Secured" argument was completely backwards. He has every incentive in the world to pump the stock any way he can!!! $TSLA $TSLAQ
Also interesting that the only remaining performance-based stock award (for employees other than Elon) rests solely on improving the gross margin. I probably wouldn't complain about COGS being miscategorized, either... $TSLA
$TSLA if you think Elon doesn't benefit from his unconventional compensation plan... think again
The other advantage of huge tranches of stock-based compensation? You can recognize $1.53 billion in expenses over the next 2.9 years! I wonder how much of that belongs under COGS? $TSLA
Litigation related to the $SCTY bailout is ongoing.. $TSLA
This is the longest litigation/law suits/investigations section I have ever seen in a 10-Q $TSLA
