Tesla Investor Day Presentation Deck

Tight Operating Expense Control To Enable Operating Cash Flow 20.0% 18.0% 16.0% 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% 17.7% 2018 Operating Expenses as a % of Revenue (Non-GAAP) 13.7% 2019 10.1% 2020 9.4% 2021 7.5% 2022 Excludes digital assets gain/loss, stock-based compensation, material one-time items 2021 figure excludes $340M payroll tax on CEO award option exercise 6.6% Q4 2022 TSLA LIVE

View entire presentation