WHAT'S UP WITH TESLA & THE SEC + TSLA 10-K TAKEAWAYS

EV Channels Review

This episode of Tesla Daily delves into Tesla's 10-K filing, highlighting a new SEC subpoena regarding corporate governance, stemming from a November 2021 request for information on compliance with a prior settlement. The host clarifies this is likely new information, distinct from previous SEC inquiries. The review also touches on Tesla's litigation risks, specifically a notice of cause from the California Department of Fair Employment and Housing concerning alleged race discrimination and harassment. On a more positive note, the 10-K reveals Tesla's capital expenditure plans, projecting flat spending between $5-7 billion annually through 2024, indicating strong confidence in continued growth and return on investment. Deferred revenue expectations for FSD rollout appear more conservative than previously anticipated. The episode also covers Giga Shanghai's partial resumption of production during the Chinese New Year, strong used Tesla demand driving up resale prices, and a rumor about Tesla developing its own app store. Finally, it briefly mentions Ford's production halts due to chip shortages and SpaceX's efforts to restore connectivity in Fiji.