Tesla Results Presentation Deck

8 CORE TECHNOLOGY Artificial Intelligence Software and Hardware Software that safely performs tasks in the real world is the key focus of our Al development efforts. We have commissioned one of the world's largest supercomputers to accelerate the pace of our Al development, with compute capacity more than doubling compared to Q2. Our large installed base of vehicles continues to generate anonymized video and other data used to develop our FSD Capability features. Vehicle and Other Software All Tesla rentals through Hertz in the U.S. and Canada now allow Tesla app access, allowing renters to use keyless lock/unlock via phone key, remotely precondition the cabin, track charge status and more. Customers who already have a Tesla Profile will have their settings and preferences seamlessly applied, making the rental car feel like their own. The in-app service experience was also redesigned to allow customers to schedule service, access their loaner, track service progress, pay and manage drop- off/pickup. Prospective customers can similarly schedule, locate and test drive a demo vehicle. Battery, Powertrain & Manufacturing Despite macroeconomic headwinds, our planned factory shutdowns in Q3 and ongoing ramp at new factories, our average vehicle cost was -$37,500, and we continue to work to reduce the cost further. For very heavy vehicles, a high voltage powertrain architecture brings notable cost savings, which is why Cybertruck will adopt an 800-volt architecture. 600 500 400 300 200 100 O Mar-21 Apr-21 $40,000 $39,500 $39,000 $38,500 $38,000 $37,500 $37,000 $36,500 $36,000 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Q3 2022 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 ||| Q4 2022 Oct-22 Q1 2023 Nov-22 Dec-22 Jan-23 Cumulative miles driven with FSD Beta (millions) Feb-23 Cost of goods sold per vehicle Q2 2023 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Q3 2023 Sep-23 TESLA

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