{
  "docId": "019dd923-622c-750b-8b97-6d2a7517aa3c",
  "docSlug": "0b527a11d88b",
  "documentTitle": "Sunrun Inc. (RUN)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Muddy Waters Research",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2023-10-25 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 13,
  "pageCount": 31,
  "prevPage": 12,
  "nextPage": 14,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "sparse",
  "nDataPoints": 0,
  "notes": "The chart uses a blue box to highlight the jump in metrics during the Vivint acquisition period.",
  "elementsJson": [
    "headline_text",
    "line_chart",
    "logo_grid"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b97-6d2a7517aa3c/13",
  "deckHref": "/decks/019dd923-622c-750b-8b97-6d2a7517aa3c",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b97-6d2a7517aa3c.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b97-6d2a7517aa3c#slide-13",
  "components": [
    {
      "bbox": {
        "h": 0.1,
        "w": 0.1,
        "x": 0.54,
        "y": 0.45
      },
      "kind": "callout",
      "text": "Vivint acquisition",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3f4743da-b2c1-4dac-971a-abfc23f1f0b9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.7,
        "w": 0.56,
        "x": 0.22,
        "y": 0.17
      },
      "kind": "chart",
      "text": "\"Subscribers\" vs EIA",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "def8b0ef-6f92-4086-a0ff-1a62ee3d7f08",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.1,
        "x": 0.87,
        "y": 0.03
      },
      "kind": "image",
      "text": "Muddy Waters Research",
      "attrs": null,
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "aa34141b-0495-4f7c-b318-15f9525743b2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.3,
        "x": 0.35,
        "y": 0.78
      },
      "kind": "legend",
      "text": "Sunrun (non-GAAP) Subscribers; EIA Sales/Revenue",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d0425cfc-8a4e-48a4-8621-1afa6a167850",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Subscriber count",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-e6ed-775b-bcaa-23d268818033",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.8,
        "x": 0.03,
        "y": 0.03
      },
      "kind": "title",
      "text": "Consistently Inconsistent - Subscribers vs. EIA Sales & Revenue",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "73d596a7-51de-4537-83a3-b7d7b4ee7d3b",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Chartjunk Elimination",
      "slug": "chartjunk-elimination",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "7c60465f-31e2-40e6-90a8-78cdcc17385a",
      "evidence": "chart/line: \"Subscribers\" vs EIA",
      "confidence": 0.7
    }
  ],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "4fb0d0de-5890-48d8-a8de-6723959b411c",
      "evidence": "The slide uses a visual comparison to expose a discrepancy between reported subscriber metrics and actual sales/revenue data.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 20,
      "from": 12,
      "beatId": "628d2c65-a73b-422d-a85b-6d01ec72bf6e",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "Revealing inconsistencies",
      "beatSlug": null,
      "evidence": "Multiple slides expose contradictions between Sunrun's data and EIA data.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}