Tesla 2012 Annual Report Download - page 68
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Table of Contents
the owner of selected assets of General Motors. In October 2010, we completed the purchase and received title to the facility and land. The total
cash paid was $42.0 million. The purchase totaled 210 acres, or approximately 55% of the land at the site, and included all of the manufacturing
facilities located thereon totaling approximately 5.4 million square feet. We intend to use the facility and manufacturing assets for the production
of our Model S vehicle and to build our future vehicles. We are currently planning and building out this facility. We are required to comply with
environmental regulations in connection with our Tesla Factory in Fremont, California. In October 2010, we and NUMMI amended the May
2010 purchase agreement to include the transfer to us of certain operating permits, or emission credits, for additional consideration of $6.5
million. We completed the transfer of these permits in October 2010.
Outside of our Tesla Factory, we do not currently own any of our facilities. The following table sets forth the location, approximate size
and primary use of our significant leased facilities:
We currently intend to add new facilities or expand our existing facilities as we add employees and expand our production organization.
We believe that suitable additional or alternative space will be available in the future on commercially reasonable terms to accommodate our
foreseeable future expansion.
From time to time, we are subject to various legal proceedings that arise from the normal course of business activities. In addition, from
time to time, third parties may assert intellectual property infringement claims against us in the form of letters and other forms of
communication. If an unfavorable ruling were to occur, there exists the possibility of a material adverse impact on our results of operations,
prospects, cash flows, financial position and brand.
67
Location (1)
Approximate
Size (Building)
in Square Feet
Primary Use
Lease
Expiration
Date
Palo Alto, California
350,000
Administration, engineering services and
powertrain development services
January 2020
Hawthorne, California
132,250
Vehicle engineering and design services
December 2022
Maidenhead, United Kingdom
8,870
Administration, sales, service and marketing
services
November 2015
(1)
We also lease a number of facilities for our retail locations around the world, most of which are 5,000 square feet or smaller.
ITEM 3.
LEGAL PROCEEDINGS