Tesla Results Presentation Deck slide image

Tesla Results Presentation Deck

11 OTHER HIGHLIGHTS Energy Storage Energy storage deployments decreased sequentially in Q4 to 3.2 GWh, for a total deployment of 14.7 GWh in 2023, a 125% increase compared to 2022. While we expect deployments will continue to be volatile on a sequential basis, impacted by logistics and the global distribution of projects at any given time, we expect continued growth on a trailing twelve-month basis going forward. We continue to ramp our 40 GWh Megafactory in Lathrop, CA toward full capacity. Solar Solar deployments declined on a sequential and YoY basis to 41 MW. Downward pressure on solar demand continued into Q4 as interest rates have remained high. Profitability in the quarter was negatively impacted by lower deployments and seasonal weakness in solar energy generation. Services and Other business The Services and Other business continued to grow alongside our fleet in 2023, achieving record revenue and gross profit generation. The biggest drivers of profit generation in 2023 were part sales, used vehicle sales, merchandise sales and pay- per-use supercharging. As our fleet continues to expand in the coming years, ere is an opportunity for fleet-related services to become a more meaningful driver of profit generation. 16 14 12 10 8 6 4 2 O 600 500 400 300 200 100 O -100 -200 -300 -400 -500 -600 2015 2015 2016 2016 2017 2018 2019 2020 Energy Storage deployments (GWh) 2018 2021 2017 2019 Services & Other gross profit ($M) |||··| 2020 2022 2021 2023 2022 2023 TESLA
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