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Overview
3 Months Ended
Mar. 31, 2020
Accounting Policies [Abstract]  
Overview

Note 1 – Overview

Tesla, Inc. (“Tesla”, the “Company”, “we”, “us” or “our”) was incorporated in the State of Delaware on July 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 the Company, manages resource allocations and measures performance among two operating and reportable segments: (i) automotive and (ii) energy generation and storage.

During and following the first quarter of 2020, there has been a widespread worldwide impact from the coronavirus disease (“COVID-19”) pandemic. We experienced a government-imposed suspension of operations for 10 days at Gigafactory Shanghai immediately following a scheduled 7-day closure for the Lunar New Year holiday, after which we resumed operations on February 10, 2020. Panasonic, our partner that manufactures lithium-ion battery cells for our products at our Gigafactory Nevada, suspended its operations there for 14 days before resuming certain operations starting on April 11, 2020. Finally, we temporarily suspended most production at Gigafactory New York starting on March 14, 2020 pursuant to a New York State executive order, and we decided to temporarily suspend all production at the Fremont Factory starting on March 23, 2020 and most production at Gigafactory Nevada starting on April 12, 2020 in order to accommodate the related challenges for our employees and their families and our suppliers. Social distancing measures and reduced operations or closures at government offices and businesses, including motor vehicle departments, vehicle auction houses and municipal and utility company inspectors, also resulted in challenges in or postponements past the first quarter of 2020 for our new vehicle deliveries, used vehicle sales, and energy product deployments, and such conditions have generally continued. Even after we resume operations at our U.S. production facilities, our manufacturing rates and timelines may also be affected by global economic conditions and levels of consumer comfort and spend, which could impact demand in the worldwide transportation and automotive industries and for construction projects such as the addition of solar energy systems.