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Tesla 2016 10-K Required:      Answer the following questions based on your examination of the Tesla, Inc....

Tesla 2016 10-K

Required:      Answer the following questions based on your examination of the Tesla, Inc. 2016 10-K Note that some questions pertain to fiscal year 2016 and others pertain to fiscal year 2015; please carefully read each question

( Tesla, Inc. 2016 10-K ) is available on the internet. Sorry that It cannot be uploaded because it is more than 100 pages.

The data required is linked to this address -> http://ir.tesla.com/secfiling.cfm?filingid=1564590-17-3118&cik=1318605

41.   At December 31, 2016 was Tesla Inc. in compliance with all associated covenants related to the asset-based credit agreement?

a.       Yes

b.       No

42.   What was the outstanding balance on the asset-based credit agreement as of December 31, 2016?

  a. $135 million

b.       $1.2 billion

c.       $969 million

d.       $0

43.   What type of common stock does Tesla have?

a.       Par value stock

b.       No-Par stock

44.   Does Tesla have treasury stock on the balance sheet?

a.       Yes

b.       No

45.   How many shares of preferred stock has Tesla sold as of December 31, 2016?

  a. 0

b.       100,000

c.       2,000,000

d.       161,561

46.   Which statement best represents Tesla’s dividend policy for common stock?

a.       Tesla rarely pay dividends

b.       Tesla regularly pays dividends

c.       Tesla has never paid dividends but plans to soon

d.       Tesla has never paid dividends and doesn’t plan to

47.   What was the average amount received per share of common stock during Tesla’s May 2016 public offering? Use the most precise information available.

a.       $0.22

b.       $215.00

c.       $214.78

d.       $238.22

48.   How many shares were used to purchase SolarCity? Use the most precise information available.

a. 11,124,497

b.       2,145,977

c.       11,125

d.       0

49.   What was Tesla’s weighted-average shares used to compute basic EPS for the year ended December 31, 2016?

a. 161,561

b.       128,202

c.       144,212

d.       144,212,000

50.   Where does Tesla report its convertible debt?

a.       On the balance sheet as debt

b.       On the balance sheet as equity

c.       On the balance sheet between debt and equity

d.       Both A and C

Solutions

Expert Solution

41.   At December 31, 2016 was Tesla Inc. in compliance with all associated covenants related to the asset-based credit agreement?

a.       Yes (as per page no. 84)

42.   What was the outstanding balance on the asset-based credit agreement as of December 31, 2016?

c.       $969 million (Page No. 26)

43.   What type of common stock does Tesla have?

a.       Par value stock

44.   Does Tesla have treasury stock on the balance sheet?

b.       No

45.   How many shares of preferred stock has Tesla sold as of December 31, 2016?

  a. 0 (As per page no. 55 (Stockholders' Equity)

46.   Which statement best represents Tesla’s dividend policy for common stock?

d.       Tesla has never paid dividends and doesn’t plan to (Page No. 32)

47.   What was the average amount received per share of common stock during Tesla’s May 2016 public offering? Use the most precise information available.

b.       $215.00 (Page No. 58)

48.   How many shares were used to purchase SolarCity? Use the most precise information available.

a. 11,124,497 (Page No. 73 & 90)

49.   What was Tesla’s weighted-average shares used to compute basic EPS for the year ended December 31, 2016?

d.       144,212,000 (Page No. 56 - Shares were in thousand)

50.   Where does Tesla report its convertible debt?

c.       On the balance sheet between debt and equity (page no. 82 & 83)


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