Tesla Results Presentation Deck

FINANCIAL SUMMARY (Unaudited) ($ in millions, except percentages and per share data) Automotive revenues of which regulatory credits Automotive gross profit Automotive gross margin Total revenues Total gross profit Total GAAP gross margin Operating expenses (Loss) income from operations Operating margin Adjusted EBITDA Adjusted EBITDA margin Net (loss) income attributable to common stockholders (GAAP) Net (loss) income attributable to common stockholders (non-GAAP) EPS attributable to common stockholders, basic (GAAP) EPS attributable to common stockholders, basic (non-GAAP) Net cash (used in) provided by operating activities Capital expenditures Free cash flow Cash and cash equivalents Q1-2019 3,724 216 751 20.2% 4,541 566 12.5% 1,088 (522) -11.5% 155 3.4% (702) (494) (4.10) (2.90) (640) (280) (920) 2,198 Q2-2019 5,376 111 1,016 18.9% 6,350 921 14.5% 1,088 (167) -2.6% 572 9.0% (408) (198) (2.31) (1.12) 864 (250) 614 4,955 Q3-2019 5,353 134 1,222 22.8% 6,303 1,191 18.9% 930 261 4.1% 1,083 17.2% 143 342 0.80 1.91 756 (385) 371 5,338 Q4-2019 6,368 133 1,434 22.5% 7,384 1,391 18.8% 1,032 359 4.9% 1,175 15.9% 105 386 0.58 2.14 1,425 (412) 1,013 6,268 Q1-2020 5,132 354 1,311 25.5% 5,985 1,234 20.6% 951 283 4.7% 951 15.9% 16 227 0.09 1.24 (440) (455) (895) 8,080 QoQ -19% 166% -9% 303 bp -19% -11% 178 bp -8% -21% -13 bp -19% -2 bp -85% -41% -85% -42% YoY 38% 64% 75% 538 bp 32% 118% 815 bp -13% 154% 1,622 bp 514% 1,248 bp N/A N/A N/A N/A -131% 10% -188% 29% EPS = Earnings per share -31% 63% -3% 268% TESLA

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