Status reports are the tax every team lead pays: an hour each Friday reconstructing what happened from memory, commit logs, and ticket queues. Skip a week and stakeholders fill the silence with assumptions. Delegate it and the report drifts into vagueness, because the person writing it wasn't in the work.
The information already exists — in merged PRs, closed tickets, decision docs, and planning files. What's missing is a reliable process that assembles it, checks it, and ships it on schedule without anyone remembering to.