Select Tesla 2020 Annual Report - 10K

Obtain the company's most recent annual report on Form 10-K. The Form 10-K is a company's annually required filing with the Securities and Exchange Commission (SEC). It includes the company's financial statements and accompanying notes. The Form 10-K can be obtained either (a) from the investor relations section of the company's website or (b) by using the company search feature of the SEC's EDGAR database service found at

www.sec.gov/edgar/searchedgar/companysearch.html.

^^^ Search Tesla then

Based on the information in the company's annual report, answer the following questions:

1. What is the total amount of current liabilities does the company report on its balance sheet at the end of 2020?

2. What types of current liabilities does the company report?

3. Have current liabilities increased or decreased from the prior year? By what amount?

4. What is the companys Current Ratio: Current Assets / Current Liabilities ...Using a rule of thumb of of 2 to 1 does Tesla have sufficient Current (liquid) assets to meet upcoming Current Liabilities?

5. Does the company report any Commitments and ContingenciesLiabilities on the Balance Sheet?

6. Now look at the Notes related Commitments and Contingencies Liabilities.. Remember the Notes are in order of first Note 1: All Significant Accounting Policies. Then the Notes are in the order of the accounts on the Balance Sheet: Assets then Liabilities then Equity ...So Contingencies are a potential liability ....so as you scroll through the Notes you can predictably pass Assets then come to Liabilities ...to Note 16.

Review all of the Contingent Liabilities - Provide the subtitles: The first one isOperating Lease Arrangement in Buffalo, New York

Then as you scroll through select one of the Contingent Liabilities that interest you and describe the nature of the contingent liability....