Overview Tesla Case Study - Accounting and Finance Assignment Help

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Note 1— Overview Tesla, Inc. ("Tesla", the "Company", "we, "us" or "our") was incorporated in the State of Delaware on Aly 1, 2003. We design, develop, manufacture and sell high-performance fully electric vehicles and design, manufacture, install and sell solar energy generation and energy storage products. Our Chief Executive Officer, as the chief operating decision maker ("CODM"), organizes our company, manages resource allocations and measures performance among two operating and reportable segments: (i) automotive and (ii) energygeneration and storage. As of and following December 31, 2020, there has continued to bewidespread impact from the coronavirus disease ("COVID-19") pandemic. In 2020, we temporarily suspended operations at each of our manufacturing facilitiesworldwide for a part of the first half of theyear. Some of our suppliers and partners also experienced temporary suspensions before resuming, including Panasonic, which manufactures battery cells for our products at our Gigafactory Nevada. Wealso instituted temporary employee furloughs and compensation reductions while our U.S. operations were scaled back. Finally, reduced operations or closures at motor vehicle departments, vehicle auction houses and municipal and utility company inspectors resulted in challenges in or postponements for our new vehicle deliveries, used vehicle sales, and energy product deployments. By the second half of 2020, however, we resumed operations at all of our manufacturing facilities and have continued to increase our output and add additional capacity and work with each of our suppliers and government agencies on meeting, ramping and sustaining our production. On the other hand, certain government regulations and shifting social behaviors have continued to limit or close non-essential transportation, government functions, business activities and person-to-person interactions. In some cases, the relaxation of such trends has recently been followed by actual or contemplated returns to stringent restrictions on gatherings or commerce. We cannot predict the duration or direction of such trends, which have also adversely affected and may in the future affect our operations. On February 19, 2020, we completed a public offering of our common stock and issued a total of 15.2 million shares (as adjusted to give effect to the Stock Split, as described in the paragraph below), On August 10, 2020, our Board of Directors declared a five-for-one split of the Company's common stock effected in the form of a stock dividend (the "Stock Split"). Each stockholder of record on August 21, 2020 received a dividend of four additional shares of common stock for each then-held share,

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