Tesla Results Presentation Deck

HIGHLIGHTS Cash Profitability Operations Operating cash flow less capex (free cash flow) of $621M in Q2 In total, $0.8B increase in our cash and cash equivalents in Q2 to $18.3B $2.5B GAAP operating income; 14.6% operating margin in Q2 $2.3B GAAP net income; $2.6B non-GAAP net income (ex-SBC¹) in Q2 27.9% GAAP Automotive gross margin in Q2 More than 1,000 vehicles produced in a single week at Gigafactory Berlin Highest solar deployment in over four years SUMMARY We continued to make significant progress across the business during the second quarter of 2022. Though we faced certain challenges, including limited production and shutdowns in Shanghai for the majority of the quarter, we achieved an operating margin among the highest in the industry of 14.6%, positive free cash flow of $621M and ended the quarter with the highest vehicle production month in our history. New factories in Berlin-Brandenburg and Austin continued to ramp in Q2. Gigafactory Berlin-Brandenburg reached an important milestone of over 1,000 cars produced in a single week while achieving positive gross margin during the quarter. From our Austin factory, the first vehicles with Tesla-made 4680 cells and structural battery packs were delivered to our U.S. customers. We are continuing to invest in capacity expansion of our factories to maximize production. The Energy business made meaningful progress in Q2 as well, achieving higher volumes with stronger unit economics. This resulted in an overall record gross profit. Customer interest in our storage products remains strong and well above our production rate. With each of the Fremont and Shanghai factories achieving their highest-ever production months and new factory growth, we are focused on a record-breaking second half of 2022. (1) SBC = stock-based compensation. TESLA

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