3 unchanged sentences
We believe that any proceeding that is material to our business or financial condition is likely to have potential penalties far in excess of such amount.
−Removed: The German Umweltbundesamt has issued our subsidiary in Germany a notice and fine in the amount of 12 million euro alleging its non-compliance under applicable laws relating to market participation notifications and take-back obligations with respect to end-of-life battery products required thereunder.
+Added: The German Umweltbundesamt issued our subsidiary in Germany a notice and fine in the amount of 12 million euro alleging its non-compliance under applicable laws relating to market participation notifications and take-back obligations with respect to end-of-life battery products required thereunder.
In response to Tesla’s objection, the German Umweltbundesamt issued Tesla a revised fine notice dated April 29, 2021 in which it reduced the original fine amount to 1.45 million euro.
−Removed: This is primarily relating to administrative requirements, but Tesla has continued to take back battery packs, and although we cannot predict the outcome of this matter, including the final amount of any penalties, we filed a new objection in June 2021 and it is not expected to have a material adverse impact on our business.
−Removed: In April 2021, we received a notice from the Environmental Protection Agency (the “EPA”) alleging that Tesla failed to provide records demonstrating compliance with certain requirements under the applicable National Emission Standards for Hazardous Air Pollutants under the Clean Air Act of 1963, as amended, relating to Surface Coating of Automobiles and Light-Duty Trucks regulations.
−Removed: Tesla has responded to all information requests from the EPA and refutes the allegations.
−Removed: Tesla continues to cooperate with the EPA in resolving this matter, and it is not currently expected to have a material adverse impact on our business.
−Removed: District attorneys in certain California counties are conducting an investigation into Tesla's waste segregation practices pursuant to Cal.
+Added: This is primarily relating to administrative requirements, but Tesla has continued to take back battery packs, and filed a new objection in June 2021.
+Added: A hearing took place on November 24, 2022, and the parties reached a settlement which resulted in a further reduction of the fine to 600,000 euro.
+Added: Both parties have waived their right to appeal.
+Added: District attorneys in certain California counties are conducting an investigation into Tesla’s waste segregation practices pursuant to Cal.
Health & Saf.
6 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.