while Musk continues to lie about regulators holding him back- hello sitter- the $TSLA 10k can, in fact, speak for regulators.

In the US, "there are currently no federal U.S. regulations specifically pertaining to self-driving vehicles or self-driving equipment"

10K thread

1/ https://twitter.com/elonmusk/status/1345208391958888448

just what $TSLA needed, further obfuscation of the financials & more correlation with bubbles

can't wait for someone to forget the password

3/

One way $TSLA plays quarterly games is by taking rebates now for upsized purchase commitments later

2021 purchase commitments up ~90% vs. 2020.

Revenue, not doubling. This is a massive number.

4/

jaw dropping subsidies to $TSLA from the other OEM's

$1.58 billion in regulatory credit sales all for giving the finger to any oversight

5/
don't worry, $TSLA assumes all these 2H leases end in sales

$TSLA direct financing now

"We have outstanding direct leases and vehicles financed by us under loan arrangements. . .in certain countries in Asia and Europe, which we introduced in volume .. third quarter of 2020"

6/

Another $123mm $TSLA 2020 in giveaway from the Chinese gov't to pad the financials, must be nice

Totally not beholden to China though

7/

$TSLA, still not profitable by their own math in the US

8/ boom!

$TSLA mgmt still does not believe that the US will be profitable going forward- "intend to continue maintaining a full valuation allowance . .until sufficient evidence to support a reversal"

As foreign is due to credits, $TSLA does NOT see itself profitable ex credits

9/

IRS exam of $TSLA went from 2015-2016 last year to now 2015-2018. $TSLA has frequently paid penalties to Treasury & others for being a tax cheat, expansion of the audit is a major red flag

10/

Microchip shortage added to $TSLA risk factors, impact "unknown"

11/

derivative trial for the obvious Musk $SCTY and $TSLA self-dealing now scheduled for mid July