{ "ticker": "TSLA", "company": "Tesla, Inc.", "cik": "0001318605", "exchange": "NASDAQ", "gics_sector": "Consumer Discretionary", "industry": "Consumer Discretionary", "logo_url": "https://www.google.com/s2/favicons?domain=tesla.com&sz=128", "from_state": "DE", "to_state": "TX", "effective_date_iso": "2024-06-13", "actual_effective_date_iso": "2024-06-13", "proposed_effective_date_iso": null, "source_confidence": "VERIFIED_EFFECTIVE", "is_legal_precedent": 0, "vote_mechanism": "MEETING", "approval_basis": "For \u00f7 outstanding shares entitled to vote (Conversion Standard)", "threshold_result": null, "event_type": null, "two_attempt_flag": 0, "prior_failed_vote_flag": 0, "governance_concession_redo_flag": 0, "subsequent_event_flag": 0, "subsequent_event_type": null, "subsequent_event_date_iso": null, "subsequent_event_note": null, "public_tier": "VERIFIED_TRACKER", "event_study_announcement_json": "{\"event_date\":\"2024-01-16\",\"event_tag\":\"announcement\",\"estimation_window\":\"2023-01-31 to 2024-01-12 (240 days)\",\"specifications\":[{\"name\":\"Synthetic control (14-donor Consumer Discretionary peer pool)\",\"day0_ar\":0.030741038209061742,\"p_value\":null,\"p_label\":\"no inference (point estimate)\",\"extra\":{\"pre_rmspe\":0.024479193577756204,\"n_donors\":14,\"top_weights\":{\"STLA\":0.5715,\"RIVN\":0.1484,\"LCID\":0.1102,\"LI\":0.0845,\"F\":0.0244},\"r2_pre\":-0.3633572546705275}},{\"name\":\"Market model (SPY benchmark)\",\"day0_ar\":0.01259308771096629,\"p_value\":0.6278089813272583,\"p_label\":\"Patell-z p-value\",\"extra\":{\"alpha\":-0.0001290166998746186,\"beta\":2.1258513722429777,\"r2\":0.30160288348512654}},{\"name\":\"Sector-augmented model (SPY + Consumer Discretionary ETF (XLY))\",\"day0_ar\":0.0019137599009143324,\"p_value\":0.9194674887229566,\"p_label\":\"Patell-z p-value\",\"extra\":{\"alpha\":0.0004690411236370527,\"beta_mkt\":-1.477890646567543,\"beta_sector\":2.7381904750253514,\"r2\":0.6286647206788665},\"is_headline\":true},{\"name\":\"Matched pair (vs STLA, market-model-adjusted)\",\"day0_ar\":0.03423795982908289,\"p_value\":0.24822943228251848,\"p_label\":\"two-sided p-value\",\"extra\":{\"se\":0.02965196809214143,\"t\":1.1546606189070086}},{\"name\":\"Raw differential vs STLA\",\"day0_ar\":0.029772084660349862,\"p_value\":null,\"p_label\":\"no inference\",\"extra\":{}}],\"robustness\":{\"pretrend_test\":{\"slope_pct_per_day\":-0.003252348603855818,\"p_slope\":0.2588250528883833,\"verdict\":\"no_pretrend_detected\"},\"sign_test\":{\"n_same_direction\":4,\"n_total\":14,\"binomial_p_two_sided\":0.1795654296875},\"synth_fit\":{\"pearson_corr\":0.792777146231128,\"r_squared_levels\":-0.3633572546705275,\"durbin_watson\":2.0311436829057814}},\"per_window\":[],\"_source\":\"Source A: phase4v cohort runner (5 specs + robustness, 2026-04-28 yfinance pull); joined into data.json by phase5z_join_full_battery.py\",\"event_kind\":\"announcement\",\"t0_source_field\":\"announcement_date_iso\"}", "announcement_date_iso": "2024-04-17", "meeting_date_iso": "2024-06-13", "vote_result": "APPROVED", "status_label": "COMPLETED", "market_cap_usdmm": 1503299.3, "bucket_class": "A", "public_bucket_code": "B", "public_bucket_label": "Pre-SB29 DExit mover (2024 wave)", "public_bucket_subcode": "B1", "panel_eligibility": "PRE_SB29_BENCHMARK", "transaction_status": "COMPLETED", "audit_status": "VERIFIED_EDGAR", "audit_notes": "[2026-04-28] Phase 4I: replaced Google-search IR fallback with direct URL https://ir.tesla.com/ | [2026-04-28] Phase 4N: synthesized event_study_announcement_json from existing scalar CAR cells (phase4a_v2 join). Reviewer can extend with multi-spec analysis.\n[2026-04-28] phase5c: vote source 8-K 0001104659-24-071439 (2024-06-14, \u0394=1d) applied from EDGAR pull (status=AUTO_RESOLVED)\n[2026-04-28] phase5c: vote source 8-K 0001104659-24-071439 (2024-06-14, \u0394=1d) applied from EDGAR pull (status=AUTO_RESOLVED)\n[2026-04-29] phase5r: bucket 'B1' -> 'A' (DE->TX effective 2024-06-14 < SB29 (2025-05-14) -> bucket A (pre-SB29))\n[2026-04-29] phase5t: row independently validated by external Reviewer A; bucket and key dates match current dataset (v3.55)\n[2026-04-29] phase5u: row independently validated by external Reviewer (full-residual pass, 78/276 substantive answers); validations applied: V_DATE_ANN=CONFIRM; V_BUCKET=WRONG=A; primary-source URLs all under https://www.sec.gov/Archives/\n[2026-04-29] phase5v: row independently re-validated by external Reviewer (Round 4 full-residual pass, 85/276 substantive); all bucket and pending-status conclusions match v3.57\n[2026-04-29] phase5w: comprehensive validation by external reviewer across tranches v4 (4-version full residual walk, 269 substantive answers across 52 firms, 0 bucket drifts vs v3.58)\n[2026-04-29] phase5y: TSLA Proposal 3 (Texas reincorporation) vote tallies applied -- For 1,766,392,011 / Against 1,062,099,066 (~62.5% approval of votes cast); vote_mechanism=MEETING (2024 Annual Meeting of Stockholders, June 13, 2024); primary source: 8-K acc 0001104659-24-071439 Item 5.07 at https://www.sec.gov/Archives/edgar/data/1318605/000110465924071439/tm2413800d31_8k.htm; cross-confirmed via CLS Blue Sky Blog 'How Tesla Pumped the Vote' (Columbia Law, July 2024) and BlackRock Investment Stewardship Vote Bulletin: Tesla Inc. June 2024 (https://www.blackrock.com/corporate/literature/press-release/vote-bulletin-tesla-june-2024.pdf); votes_abstain and votes_broker_nonvote pending direct 8-K parse for full tally | 2026-04-29 v3.66: announcement_date_iso corrected from 2024-01-15 to 2024-04-17 based on TSLA PRE 14A primary source (accession 0001104659-24-048040, filed 2024-04-17). Per https://www.sec.gov/Archives/edgar/data/1318605/000110465924048040/tm2326076d13_pre14a.htm. Earlier signal: Musk publicly stated intent on 2024-01-30 (Tornetta day) and special committee delivered report on 2024-04-12, but the formal SEC announcement is the PRE 14A filing on 2024-04-17. Bucket A is unchanged (DE\u2192TX, eff 2024-06-14, pre-SB29 May 14, 2025). | 2026-04-29 v3.68 PRIMARY-SOURCE CORRECTION: vote totals corrected to Proposal 3 Conversion Standard (For 2,000,873,803 / Against 293,910,071 / Abstained 15,485,016 / Broker NV 335,111,943 = 63% of outstanding) per 8-K Item 5.07 https://www.sec.gov/Archives/edgar/data/1318605/000162828024030818/tsla-20240613.htm. Conversion Disinterested Standard (Musk shares excluded) was For 1,588,203,007 / Against 293,910,071 = ~84% of disinterested vote. actual_effective_date_iso corrected from 2024-06-14 to 2024-06-13 per 8-K cover-page Date of Earliest Event Reported and Texas-domicile state-of-incorporation listing on the 8-K. Prior incorrect values (For 1,766,392,011 / Against 1,062,099,066) did not match any tabulation in the 8-K \u2014 provenance unknown; corrected to primary source per protocol \u00a71.5. | 2026-04-29 v3.69: Panel_C2 (\u00a721.373) reverted to UNKNOWN per protocol \u00a71.5 (no inference confirmation). May 2025 8-K confirms \u00a721.552 only. \u00a721.373 / SB 1057 faces federal preemption challenge under SEC Rule 14a-8 / Supremacy Clause (a Texas statute imposing stricter thresholds than the federal shareholder-proposal rule). SEC Chair has signaled potential compatibility (Sullivan & Cromwell memo, Oct 2025), but no court ruling. Adoption tracking is therefore unresolved; firms appear to be waiting for legal clarity before electing into \u00a721.373. | 2026-04-29 v3.70 SCHEMA: populated dual-standard vote totals (Conversion Disinterested Standard For 1,588,203,007 / 84% approval, Musk shares excluded). Panel_C_adoption_date_iso=2025-05-15 (\u00a721.552 / SB 29 derivative threshold via Texas Charter post-reincorporation). announcement_PRE_14A_accession=0001104659-24-048040 (PRE 14A filed Apr 17, 2024 \u2014 first SEC-filed disclosure of TX reincorporation proposal). | [2026-04-29] v3.74-rc3: backfilled approval_basis='For \u00f7 outstanding voting power (Conversion Standard)' and approval_standard='majority of outstanding voting power'. The 63% approval reflects 2,000,873,803 / total outstanding voting power (~3.18B). DGCL \u00a7266 conversion requires majority of outstanding. | v3.84-rev5h [2026-04-30]: controlled_protocol_violation_flag=Y. TSLA's 20.3% voting power is below the v3.85 protocol's >30% controller threshold. Recoding to controlled=0 is queued for v3.85 Phase 0 (post-pre-registration). See controlled_protocol_note for full reasoning including Tornetta v. Musk transaction-specific control distinction.", "edgar_accession": "0001628280-24-030818", "edgar_accession_note": null, "links": [ { "label": "IR", "url": "https://ir.tesla.com/", "link_type": "ir" }, { "label": "EDGAR", "url": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001318605&type=&dateb=&owner=include&count=40", "link_type": "search" }, { "label": "Proxy", "url": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001318605&type=DEF+14A&dateb=&owner=include&count=40", "link_type": "search" } ], "car": { "value": -0.01082856234782974, "pvalue": 0.5714285714285714, "significant_5pct": 0, "specification": "synthetic_control", "event_date": "2025-05-15", "event_tag": "primary", "confound": "LOW", "placebo_ratio": 0.4627339458323393, "pre_rmspe": 0.03483450904536065, "source": "Event_Studies/results/per_firm_event_study.csv", "status": "ESTIMATED", "bhar_3mo": -0.07983, "bhar_6mo": -0.029043, "pooled_3primary": 0.1748566749976321, "t0_a": 0.1626798625081522, "t0_b": 0.003684163132830404, "t0_c": 0.008492649356649506, "announce": { "value": -0.01082856234782974, "pvalue": 0.5714285714285714, "specification": "synthetic_control", "event_date": "2025-05-15" }, "vote": { "value": 0.003684163132830404, "pvalue": null, "specification": "panel_A_T0_vote", "event_date": null } }, "votes_for": 2000873803.0, "votes_against": 293910071.0, "votes_abstain": 15485016.0, "votes_broker_nonvote": 335111943.0, "approval_pct": 63.0, "votes_for_disinterested": 1588203007.0, "votes_against_disinterested": 293910071.0, "votes_abstain_disinterested": 15485016.0, "votes_broker_nonvote_disinterested": 335111943.0, "approval_pct_disinterested": 84.0, "approval_basis_disinterested": "Conversion Disinterested Standard (excludes Elon and Kimbal Musk shares)", "announcement_PRE_14A_accession": "0001104659-24-048040", "announcement_PRE_14A_url": "https://www.sec.gov/Archives/edgar/data/1318605/000110465924048040/tm2326076d13_pre14a.htm", "vote_source_8k_accession": "0001628280-24-030818", "vote_source_8k_url": "https://www.sec.gov/Archives/edgar/data/1318605/000162828024030818/tsla-20240613.htm", "vote_proposal_title": null, "meeting_type": null, "approval_standard": "majority of the outstanding shares of common stock entitled to vote", "companion_proposal": null, "proxy_advisors": null, "management_response": null, "press_coverage": [], "prior_vote": null, "panel_a_tx_incumbent": 1, "panel_b_dexit_mover": 1, "texas_statutory_adoptions": { "tboc_21_552": { "name": "SB 29 \u2014 TBOC \u00a721.552 derivative threshold", "adopted": 1, "source": "Texas Charter post-2024-07-02 reincorporation; widely reported", "url": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001318605&type=8-K", "date": "2025-05-15" }, "tboc_21_373": { "name": "SB 1057 \u2014 TBOC \u00a721.373 shareholder-proposal threshold", "adopted": null, "source": "PENDING / NOT_VERIFIED. Earlier project records flagged TSLA as adopter; primary-source review of TSLA's May 15, 2025 8-K confirms TBOC \u00a721.552 (derivative threshold) only, NOT \u00a721.373 (shareholder-proposal threshold). \u00a721.373 / SB 1057 faces federal preemption challenge under SEC Rule 14a-8 / Supremacy Clause (a Texas statute imposing stricter thresholds than the federal shareholder-proposal rule). SEC Chair has signaled potential compatibility (Sullivan & Cromwell memo, Oct 2025), but no court ruling. Adoption tracking is therefore unresolved; firms appear to be waiting for legal clarity before electing into \u00a721.373.", "url": null, "date": null } }, "event_study_outcome_json": "{\"event_date\":\"2024-06-13\",\"event_kind\":\"outcome\",\"event_tag\":\"outcome\",\"t0_source_field\":\"actual_effective_date_iso\",\"estimation_window\":\"trailing 240 days; 240 valid after NaN drop\",\"specifications\":[{\"name\":\"Market model (SPY benchmark)\",\"day0_ar\":0.028284928266115648,\"p_value\":0.32975594895057947,\"p_label\":\"Patell-z p-value\",\"extra\":{\"alpha\":-0.002834856157008945,\"beta\":1.8711587768772735,\"r2\":0.1765453520264485,\"sigma\":0.028960325726214747},\"is_headline\":true}],\"_meta\":{\"n_valid_pre_days\":240},\"_source\":\"Source B: phase4v3 NaN-safe runner (outcome/vote window, 2026-04-29 yfinance pull); joined by phase5z_join_full_battery.py\"}", "announcement_source_type": null, "announcement_accession_verified": "N", "date_quality_flag": "LOW", "controlled": 1, "controller_pct_voting_power": 20.3, "controller": "Elon Musk", "controller_source": "SEC 13G", "controlled_protocol_violation_flag": "Y", "controlled_protocol_note": "TSLA is currently coded controlled=1 with controller_pct_voting_power=20.3 (Elon Musk per SEC 13G). This is BELOW the >30% voting-power threshold in the v3.85 controller-status protocol (see V3_85_ROADMAP.md Blocker 2). Tesla has no dual-class structure. Under the protocol's letter, TSLA recodes to controlled=0. We have NOT silent-recoded because (a) the protocol must be committed in Phase 0 pre-registration before any reclassification runs, otherwise the audit looks like ad-hoc judgment shopping; and (b) Tornetta v. Musk, 310 A.3d 430, 462 (Del. Ch. 2024) treated Musk as a transaction-specific controller for entire-fairness purposes despite sub-30% economic ownership. The Tornetta doctrine is a Delaware-court litigation standard, not an empirical coding rule. v3.85 will document both options as sensitivity rows (TSLA-as-coded vs TSLA-recoded) and let the data speak.", "event_study_longrun_json": "{\"event_kind\":\"longrun\",\"event_date\":\"2024-06-13\",\"t0_source_field\":\"actual_effective_date_iso\",\"horizons\":[{\"label\":\"BHAR_21d\",\"lay_label\":\"1 month\",\"horizon_days\":21,\"n_days_available\":21,\"bhar_vs_spy\":0.3613672845600393,\"bhar_vs_sector\":0.3205379269331834,\"sector_etf\":\"XLY\",\"patell\":{\"car\":0.29535004705561285,\"z\":2.2591186899187483,\"p_value\":0.023876002847766697,\"n\":21}},{\"label\":\"BHAR_63d\",\"lay_label\":\"3 months\",\"horizon_days\":63,\"n_days_available\":63,\"bhar_vs_spy\":0.22266927419421045,\"bhar_vs_sector\":0.18894612196526794,\"sector_etf\":\"XLY\",\"patell\":{\"car\":0.2724463606015549,\"z\":1.2031572369780659,\"p_value\":0.2289154795670203,\"n\":63}},{\"label\":\"BHAR_126d\",\"lay_label\":\"6 months\",\"horizon_days\":126,\"n_days_available\":126,\"bhar_vs_spy\":1.1702381455431896,\"bhar_vs_sector\":0.9809065154783034,\"sector_etf\":\"XLY\",\"patell\":{\"car\":0.8380687016937476,\"z\":2.617013728373031,\"p_value\":0.008870277369514845,\"n\":126}},{\"label\":\"BHAR_252d\",\"lay_label\":\"12 months\",\"horizon_days\":252,\"n_days_available\":252,\"bhar_vs_spy\":0.618150400321744,\"bhar_vs_sector\":0.5531801800445153,\"sector_etf\":\"XLY\",\"patell\":{\"car\":0.7951006840841733,\"z\":1.7556320812468662,\"p_value\":0.07915125069803408,\"n\":252}}],\"calendar_time_alpha\":{\"vs_spy\":{\"alpha_daily\":8.139007591975806e-05,\"alpha_annualized\":0.020721228823418203,\"t_stat\":0.05555394169646653,\"p_value\":0.9556971570041262,\"n_days\":470,\"se_type\":\"Newey-West HAC, lag=5\"},\"vs_sector\":{\"alpha_daily\":0.00022487607706844241,\"alpha_annualized\":0.05829846920537074,\"t_stat\":0.2007262717221349,\"p_value\":0.840912615920868,\"n_days\":470,\"se_type\":\"Newey-West HAC, lag=5\"}},\"estimation_window\":\"trailing 240 days; market-model alpha+beta for Patell-z baseline\",\"_meta\":{\"n_post_days_available\":470,\"elapsed_days\":686,\"as_of\":\"2026-04-30\"},\"_source\":\"phase5z_compute_longrun.py; yfinance pull at run time\"}", "event_study_statutory_json": "{\"treated\":\"TSLA\",\"company\":\"Tesla, Inc.\",\"events\":[{\"label\":\"SB29_senate_passage_2025_04_03\",\"T0\":\"2025-04-03\",\"interpretation\":\"Senate engrossment (RV#159); passage near-certain in Senate\",\"specifications\":[{\"name\":\"Market model (SPY benchmark)\",\"day0_ar\":0.08758591093401116,\"p_value\":0.021112399688917316,\"p_label\":\"Patell-z p-value\",\"extra\":{\"alpha\":0.0009060559359037703,\"beta\":2.8651354689898674,\"sigma\":0.03548198660219405,\"r2\":0.3325584783695831,\"patell_z\":2.305968371582955,\"n_estimation_days\":240},\"is_headline\":true},{\"name\":\"Sector-augmented (SPY + XLY)\",\"day0_ar\":0.08220305813012632,\"p_value\":0.0006441981939089292,\"p_label\":\"approx Patell-z p-value (2-factor)\",\"extra\":{\"alpha\":0.000801324456191835,\"beta_mkt\":-1.972742253922543,\"beta_sec\":3.836211825551653,\"sigma\":0.024090299049431003,\"r2\":0.6923324111776621,\"patell_z\":3.412288820551935}},{\"name\":\"Matched pair vs GM (market-model-adjusted)\",\"day0_ar\":0.0795723898517364,\"p_value\":0.05383188288907337,\"p_label\":\"two-sided p-value\",\"extra\":{\"ar_firm_day0\":0.08758591093401116,\"ar_peer_day0\":0.008013521082274759,\"se_delta\":0.04116573217303875,\"t\":1.932976426053995,\"peer\":\"GM\"}},{\"name\":\"Raw differential vs GM\",\"day0_ar\":-0.011982612809227078,\"p_value\":null,\"p_label\":\"no inference (point estimate)\",\"extra\":{\"firm_return\":-0.05630172235818165,\"peer_return\":-0.04431910954895457}}],\"BHAR\":{\"BHAR_1mo\":{\"firm_BH\":0.04856334572586607,\"mkt_BH\":0.04995333366921084,\"BHAR\":-0.0013899879433447726,\"n_days\":21},\"BHAR_3mo\":{\"firm_BH\":0.09974559931109361,\"mkt_BH\":0.15989343466725137,\"BHAR\":-0.06014783535615775,\"n_days\":63},\"BHAR_6mo\":{\"firm_BH\":0.6081636805423365,\"mkt_BH\":0.2540509526856092,\"BHAR\":0.3541127278567273,\"n_days\":126},\"BHAR_12mo\":{\"firm_BH\":0.2969544877270307,\"mkt_BH\":0.24236424031653514,\"BHAR\":0.05459024741049556,\"n_days\":252}}},{\"label\":\"SB29_house_passage_2025_05_02\",\"T0\":\"2025-05-02\",\"interpretation\":\"House RV#1339; passage near-certain in both chambers (cleanest single-day milestone)\",\"specifications\":[{\"name\":\"Market model (SPY benchmark)\",\"day0_ar\":-0.012775639153825215,\"p_value\":0.7081558311511498,\"p_label\":\"Patell-z p-value\",\"extra\":{\"alpha\":0.0013430502395615246,\"beta\":2.3753572037677575,\"sigma\":0.03396665508002889,\"r2\":0.4401958228118168,\"patell_z\":-0.37433401116947146,\"n_estimation_days\":240},\"is_headline\":true},{\"name\":\"Sector-augmented (SPY + XLY)\",\"day0_ar\":-0.008023089539287466,\"p_value\":0.7360431284205857,\"p_label\":\"approx Patell-z p-value (2-factor)\",\"extra\":{\"alpha\":0.000796533939010441,\"beta_mkt\":-1.5198344785094027,\"beta_sec\":3.451939313995524,\"sigma\":0.023800475834485225,\"r2\":0.7251461326030955,\"patell_z\":-0.3370978628781266}},{\"name\":\"Matched pair vs GM (market-model-adjusted)\",\"day0_ar\":-0.005717954336901802,\"p_value\":0.8863717772164945,\"p_label\":\"two-sided p-value\",\"extra\":{\"ar_firm_day0\":-0.012775639153825215,\"ar_peer_day0\":-0.007057684816923412,\"se_delta\":0.0399931648748121,\"t\":-0.1429732894308397,\"peer\":\"GM\"}},{\"name\":\"Raw differential vs GM\",\"day0_ar\":0.018034678262721204,\"p_value\":null,\"p_label\":\"no inference (point estimate)\",\"extra\":{\"firm_return\":0.0235686412533731,\"peer_return\":0.005533962990651897}}],\"BHAR\":{\"BHAR_1mo\":{\"firm_BH\":0.19866996015533345,\"mkt_BH\":0.051750253851783556,\"BHAR\":0.1469197063035499,\"n_days\":21},\"BHAR_3mo\":{\"firm_BH\":0.07677315889616487,\"mkt_BH\":0.11693814991992957,\"BHAR\":-0.040164991023764696,\"n_days\":63},\"BHAR_6mo\":{\"firm_BH\":0.589638282587406,\"mkt_BH\":0.2103410099216243,\"BHAR\":0.3792972726657817,\"n_days\":126},\"BHAR_12mo\":null}},{\"label\":\"SB29_signed_effective_2025_05_14\",\"T0\":\"2025-05-14\",\"interpretation\":\"Signed by Governor; effective immediately\",\"specifications\":[{\"name\":\"Market model (SPY benchmark)\",\"day0_ar\":0.035398643517576114,\"p_value\":0.29691390335816936,\"p_label\":\"Patell-z p-value\",\"extra\":{\"alpha\":0.0015252401495571381,\"beta\":2.3551011718222443,\"sigma\":0.033866088798502184,\"r2\":0.4458242892325306,\"patell_z\":1.0430742548429373,\"n_estimation_days\":240},\"is_headline\":true},{\"name\":\"Sector-augmented (SPY + XLY)\",\"day0_ar\":0.028405493649424185,\"p_value\":0.23451159058136817,\"p_label\":\"approx Patell-z p-value (2-factor)\",\"extra\":{\"alpha\":0.0003154176239579772,\"beta_mkt\":-1.534037986741581,\"beta_sec\":3.4225778435747323,\"sigma\":0.02389391117700826,\"r2\":0.7241379931945084,\"patell_z\":1.188817244652569}},{\"name\":\"Matched pair vs GM (market-model-adjusted)\",\"day0_ar\":0.039780611484992824,\"p_value\":0.3196239899216018,\"p_label\":\"two-sided p-value\",\"extra\":{\"ar_firm_day0\":0.035398643517576114,\"ar_peer_day0\":-0.004381967967416712,\"se_delta\":0.03992945265320635,\"t\":0.9962723964812081,\"peer\":\"GM\"}},{\"name\":\"Raw differential vs GM\",\"day0_ar\":0.04290895415035223,\"p_value\":null,\"p_label\":\"no inference (point estimate)\",\"extra\":{\"firm_return\":0.039931921661911396,\"peer_return\":-0.002977032488440834}}],\"BHAR\":{\"BHAR_1mo\":{\"firm_BH\":-0.06434076043612902,\"mkt_BH\":0.01601466279819208,\"BHAR\":-0.0803554232343211,\"n_days\":21},\"BHAR_3mo\":{\"firm_BH\":-0.03480213517721453,\"mkt_BH\":0.10086399771379662,\"BHAR\":-0.13566613289101115,\"n_days\":63},\"BHAR_6mo\":{\"firm_BH\":0.23849521161563936,\"mkt_BH\":0.16969404699428847,\"BHAR\":0.06880116462135089,\"n_days\":126},\"BHAR_12mo\":null}},{\"label\":\"TSLA_21_552_adoption_2025_05_15\",\"T0\":\"2025-05-15\",\"interpretation\":\"Tesla 8-K Item 5.03 amending bylaws to elect into TBOC \\u00a721.552 -- same day after SB 29 effective; accession 0001104659-25-050072\",\"specifications\":[{\"name\":\"Market model (SPY benchmark)\",\"day0_ar\":-0.027188382608699074,\"p_value\":0.42409358097542604,\"p_label\":\"Patell-z p-value\",\"extra\":{\"alpha\":0.0016218597503508138,\"beta\":2.3580178262009075,\"sigma\":0.03393487491705141,\"r2\":0.44508318117788925,\"patell_z\":-0.7993394997020249,\"n_estimation_days\":240},\"is_headline\":true},{\"name\":\"Sector-augmented (SPY + XLY)\",\"day0_ar\":0.0006337504490096096,\"p_value\":0.9788970981774241,\"p_label\":\"approx Patell-z p-value (2-factor)\",\"extra\":{\"alpha\":0.00039668060076052304,\"beta_mkt\":-1.5366962554415797,\"beta_sec\":3.4267720476662853,\"sigma\":0.02395882526583732,\"r2\":0.7233909259742843,\"patell_z\":0.026451649526960275}},{\"name\":\"Matched pair vs GM (market-model-adjusted)\",\"day0_ar\":-0.018825775290744598,\"p_value\":0.6380071645914454,\"p_label\":\"two-sided p-value\",\"extra\":{\"ar_firm_day0\":-0.027188382608699074,\"ar_peer_day0\":-0.008362607317954478,\"se_delta\":0.03998772231735201,\"t\":-0.4707888871823906,\"peer\":\"GM\"}},{\"name\":\"Raw differential vs GM\",\"day0_ar\":-0.01029311669618771,\"p_value\":null,\"p_label\":\"no inference (point estimate)\",\"extra\":{\"firm_return\":-0.014076945998612977,\"peer_return\":-0.003783829302425268}}],\"BHAR\":{\"BHAR_1mo\":{\"firm_BH\":-0.039933499063428135,\"mkt_BH\":0.02069558589590259,\"BHAR\":-0.060629084959330726,\"n_days\":21},\"BHAR_3mo\":{\"firm_BH\":-0.035762235294598876,\"mkt_BH\":0.0929481083867294,\"BHAR\":-0.12871034368132828,\"n_days\":63},\"BHAR_6mo\":{\"firm_BH\":0.17259781123041873,\"mkt_BH\":0.14469292813861223,\"BHAR\":0.0279048830918065,\"n_days\":126},\"BHAR_12mo\":null}}],\"_source_runner\":\"yfinance pull 2026-04-30\",\"_run_at\":\"2026-04-30T20:04:50.930000\"}", "_evidence_strength": { "badge": "GOLD", "score": 100, "max": 100, "components": { "source_confidence": 30, "vote_totals": 25, "effective_date": 20, "car_estimate": 10, "edgar_accession": 15 } }, "_context_callout": "At $1.50T pre-move market value, Tesla, Inc. is among the largest firms in the cohort and carries disproportionate weight in market-value-weighted aggregates.", "_generated_at": "2026-04-30" }