tsla-8k_20170629.htm

Delaware		001-34756		91-2197729
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

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):

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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. ☐

On June 23, 2017, a wholly-owned subsidiary of Tesla, Inc. (the “Company”) entered into an amendment (the “Revolving Aggregation Credit Facility Amendment”) to a revolving credit facility originally entered into on May 4, 2015 (the “Revolving Aggregation Credit Facility”) with a syndicate of lenders and Bank of America, N.A., as administrative agent and collateral agent. The Revolving Aggregation Credit Facility is secured by certain assets and cash flows of certain subsidiaries of SolarCity Corporation, a wholly-owned subsidiary of the Company, and is non-recourse to the Company’s assets and cash flows. The Revolving Aggregation Credit Facility Amendment extended the availability period of draws under the Revolving Aggregation Credit Facility to December 31, 2018, and extended the maturity date to December 31, 2019. In addition, the Revolving Aggregation Credit Facility Amendment provides for a Company-requested decrease in the total lender commitments under the Revolving Aggregation Credit Facility to $600 million. This more closely aligns with the Company’s needs given the Company's transition to a greater proportion of cash- and loan-based sales for solar assets and more frequent securitization transactions for leased solar assets.


Item 2.03	Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 above is incorporated herein by reference.

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.

		TESLA, INC.

	By:	/s/ Deepak Ahuja
		Deepak Ahuja Chief Financial Officer