Tesla Results Presentation Deck

23 STATEMENT OF CASH FLOWS (Unaudited) In millions of USD Cash Flows from Operating Activities Net income (loss) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation, amortization and impairment Stock-based compensation Operating cash flow related to repayment of discounted convertible notes Other Changes in operating assets and liabilities, net of effect of business combinations Net cash provided by operating activities Cash Flows from Investing Activities Capital expenditures Payments for the cost of solar energy systems, net Purchase of intangible assets Receipt of government grants Business combinations, net of cash acquired Net cash used in investing activities Cash Flows from Financing Activities Net cash flows from debt activities Collateralized lease repayments Net borrowings under Warehouse Agreements and automotive asset-backed notes Net cash flows from noncontrolling interests - Auto Net cash flows from noncontrolling interests - Solar Proceeds from issuances of common stock in public offerings Other Net cash (used in) provided by financing activities Effect of exchange rate changes on cash and cash equivalents and restricted cash Net increase in cash and cash equivalents and restricted cash Cash and cash equivalents and restricted cash at beginning of period Cash and cash equivalents and restricted cash at end of period Three months ending 30-Sep-19 31-Dec-18 210 497 205 124 199 1,235 (325) (29) (11) (365) (185) (216) 193 38 (18) 76 (112) (4) 754 3,523 4,277 150 530 199 68 (191) 756 (385) (25) (76) (486) (19) (83) 14 8 30 (28) 71 119 (12) 377 5,449 5,826 31-Dec-19 132 577 281 204 231 1,425 (412) (37) - 46 (403) (434) (87) 321 19 6 96 (79) 14 957 5,826 6,783 Year ending 31-Dec-18 (1,063) 1,901 749 453 58 2,098 (2,10 1) (218) (18) (2,337) 37 (559) 596 112 92 296 574 (23) 312 3,965 4,277 31-Dec-19 (775) 2,154 898 (188) 665 (349) 2,405 (1,327) (105) (5) 46 (45) (1,436) 378 (389) 470 35 (76) 848 263 1,529 8 2,506 4,277 6,783 TESLA

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