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 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.
−Removed: 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 filed a new objection in June 2021.
−Removed: 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.
−Removed: Both parties have waived their right to appeal.
−Removed: District attorneys in certain California counties are conducting an investigation into Tesla’s waste segregation practices pursuant to Cal.
+Added: District attorneys in certain California counties conducted an investigation into Tesla’s waste segregation practices pursuant to Cal.
Health & Saf.
−Removed: Code section 25100 et seq.
+Added: Code § 25100 et seq.
Civil Code § 1798.80.
−Removed: Tesla has implemented various remedial measures, including conducting training and audits, and enhancements to its site waste management programs.
+Added: Tesla has implemented various remedial measures, including conducting training and audits, and enhancements to its site waste management programs, and settlement discussions are ongoing.
While the outcome of this matter cannot be determined at this time, it is not currently expected to have a material adverse impact on our business.
2 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.