Tesla Results Presentation Deck

5 FINANCIAL SUMMARY Revenue Profitability Cash Total revenue grew 42% YoY in Q2 to $16.9B. YoY, revenue was impacted by the following items: + growth in vehicle deliveries + increased average selling price (ASP) + growth in other parts of the business Our operating income improved YoY to $2.5B in Q2, resulting in a 14.6% operating margin. YoY, operating income was primarily impacted by the following items: + increased ASP + growth in vehicle deliveries + profit growth in other parts of the business + lower stock-based compensation expense - higher raw material, commodity, logistics and expedite costs - higher per unit fixed costs in Shanghai due to shutdowns - negative FX impact - Bitcoin impairment Quarter-end cash, cash equivalents and short-term marketable securities increased sequentially by $902M to $18.9B in Q2, driven mainly by free cash flow of $621M, partially offset by debt repayments of $402M. As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency. Conversions in Q2 added $936M of cash to our balance sheet. TESLA

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