Tesla, Inc. Reports Entry into Material Definitive Agreement
Summary
• Item 1.01: On September 3, 2025, Tesla, Inc.'s Board of Directors approved an updated Indemnification Agreement, subsequently entered into with each of its directors and executive officers. This agreement provides for indemnification and expense advancement to the fullest extent permitted under Texas law, and continued D&O insurance coverage (Ex. 10.1 Form of Indemnification Agreement). • Item 9.01: Exhibits include the Form of Indemnification Agreement (Ex. 10.1) and the Cover Page Interactive Data File (Ex. 104). Quantitative results: not disclosed.
Why It Matters
This updated Indemnification Agreement (Ex. 10.1) is material as it defines the scope of protection and expense advancement for Tesla's directors and executive officers, impacting their potential liabilities and the company's obligations under Texas law.
Key Quote
“"), and the Company entered into an Indemnification Agreement with each of its directors and executive officers (each, an "”
— From Item 1.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001318605
- Filing Date
- Friday, September 5, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral