Tesla Results Presentation Deck

VEHICLE CAPACITY Fremont Although the Model Y production line was operating for about four months in the first half of 2020 due to shutdowns, we exited Q2 with Model Y production running at installed capacity. This ramp was significantly faster than our initial Model 3 ramp, which took over nine months to reach the same weekly rate. We are installing additional machinery at the Fremont Factory, which is expected to increase total Model 3 / Model Y capacity from 400,000 to 500,000 units per year. Shanghai Model 3 has received a strong reception in China, not only becoming the best- selling EV, but also competing with mid-sized premium sedans, such as BMW 3- series and Mercedes C-class. This is not surprising given Model 3's lower price point (even before subsidies and vehicle tax), reduced operating costs and industry- leading standard equipment. Construction for Model Y lines in the Shanghai factory is progressing as planned, with first deliveries expected in 2021. Berlin-Brandenburg Germany, one of our biggest European markets, Gigafactory Berlin construction continues to progress. As we build new factories, we continue to iterate on the factory and product design to improve efficiency, cost and technology. We are implementing further structural improvements based on our learnings from prior factories. Status Production Production Production Construction In development Construction In development In development In development In development * Model 3 / Model Y installed capacity in Fremont will extend to 500,000 in 2020 Installed Annual Capacity Fremont Shanghai Berlin New US factory United States 20% 10% 0% - 10% -20% -30% -40% -50% Model S Model X Model 3 / Model Y Model 3 Model Y Model 3 Model Y Model Y Cybertruck Tesla Semi Roadster Current |||| ||||| |||| Source: OEM websites; based on latest-available data Jan-May YoY ** US, Europe and China only 90,000 * 400,000 200,000 Tesla Hyundai Mercedes Toyota* BMW Kia cars Global vehicle deliveries in the 1st half of 2020 (YoY) VW Ford** Nissan* Renault PSA TESLA

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