Tesla, Inc 8-K, filed Jan 3, 2023
Tesla, Inc. (TSLA)
About this 8-K
Tesla, Inc filed this 8-K on January 3, 2023, reporting on events of January 2, 2023.
Items reported
- Item 2.02: Financial results
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02Results from Operations and Financial Condition.
On January 2, 2023, Tesla, Inc. published the press release which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
This information is intended to be furnished under Item 2.02 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act as shall be expressly set forth by specific reference in such a filing.
Item 8.01Other Events.
On January 2, 2023, Tesla, Inc. issued a press release announcing its 2023 Investor Day, which will be held on March 1, 2023. A copy of this press release is filed as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits.
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Exhibit No. |
Description |
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99.1 |
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99.2 |
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104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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TESLA, INC. |
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By: |
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/s/ Zachary J. Kirkhorn |
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Zachary J. Kirkhorn Chief Financial Officer |
Date: January 3, 2023
Tesla Vehicle Production & Deliveries and Date for Financial Results & Webcast for Fourth Quarter 2022
In the fourth quarter, we produced over 439,000 vehicles and delivered over 405,000 vehicles. In 2022, vehicle deliveries grew 40% YoY to 1.31 million while production grew 47% YoY to 1.37 million.
We continued to transition towards a more even regional mix of vehicle builds which again led to a further increase in cars in transit at the end of the quarter.
Thank you to all of our customers, employees, suppliers, shareholders and supporters who helped us achieve a great 2022 in light of significant COVID and supply chain related challenges throughout the year.
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Q4 2022 |
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Production |
Deliveries |
Subject to operating lease accounting |
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Model S/X |
20,613 |
17,147 |
9% |
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Model 3/Y |
419,088 |
388,131 |
4% |
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Total |
439,701 |
405,278 |
4% |
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2022 |
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Production |
Deliveries |
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Model S/X |
71,177 |
66,705 |
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Model 3/Y |
1,298,434 |
1,247,146 |
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Total |
1,369,611 |
1,313,851 |
***************
Tesla will post its financial results for the fourth quarter and full year ended December 31, 2022 after market close on Wednesday, January 25, 2023. At that time, Tesla will issue a brief advisory containing a link to the Q4 and full year 2022 update, which will be available on Tesla’s Investor Relations website. Tesla management will hold a live question and answer webcast that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook.
What: Date of Tesla Q4 and full year 2022 Financial Results and Q&A Webcast
When: Wednesday, January 25, 2023
Time: 4:30 p.m. Central Time / 5:30 p.m. Eastern Time
Q4 & FY 2022 Update: http://ir.tesla.com
Webcast: http://ir.tesla.com (live and replay)
Approximately two hours after the Q&A session, an archived version of the webcast will be available on the Company’s website.
For additional information, please visit http://ir.tesla.com.
Investor Relations Contact:
ir@tesla.com
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Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q4 and full year 2022 earnings. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.
Forward-Looking Statements
Statements herein regarding our production and delivery volumes are “forward-looking statements” based on management’s current expectations and are subject to risks and uncertainties. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.
Exhibit 99.2
Tesla Announces Date for 2023 Investor Day
January 2, 2023
We plan to host Tesla's 2023 Investor Day on March 1, 2023. The event will be live streamed from our Gigafactory Texas, with the option for some of our institutional and retail investors to attend in person (details to follow). Our investors will be able to see our most advanced production line as well as discuss long term expansion plans, generation 3 platform, capital allocation and other subjects with our leadership team.
For additional information, please visit http://ir.tesla.com.
Investor Relations Contact:
ir@tesla.com