Tesla Results Presentation Deck

10 CORE TECHNOLOGY Artificial Intelligence Software and Hardware In Q4, we released our latest FSD Beta software (V12) to select Tesla employees, and more recently, to customers. V12 utilizes end-to-end training, enhancing the driving experience. We also introduced the 2nd generation of the Optimus robot, which uses Tesla-designed actuators and sensors and improved Al capabilities. Both FSD Beta and Optimus are trained with similar technology pillars: real-world data, neural net training and cutting-edge hardware and software. Vehicle and Other Software We delivered the Cybertruck with an all-new user interface and new communication bus, Etherloop, that efficiently moves data while significantly reducing wiring. As part of our holiday update, when parking, Tesla vehicles without ultrasonic sensors display a high-fidelity 3D rendering of the vehicle's surroundings, including nearby barriers, vehicles and painted markings. Wireless Bluetooth headphones can also now be paired with the rear screen when watching shows or playing games. FleetAPI now enables third-party solutions that enhance integration and management of Tesla devices. Battery, Powertrain & Manufacturing Cost of goods sold per vehicle declined sequentially to slightly above $36,000. Even as we approach the natural limit of cost down of our existing vehicle lineup, our team continues to focus on further cost reductions across all points of production, from raw materials to final delivery. 800 700 600 500 400 300 200 100 O Mar-21 $40,000 $39,000 $38,000 $37,000 $36,000 $35,000 $34,000 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Q4 2022 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 ev Sr. 2 Q1 2023 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Q2 2023 Jan-23 Feb-23 Cumulative miles driven with FSD Beta (millions) Mar-23 Apr-23 Q3 2023 Cost of goods sold per vehicle May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Q4 2023 TESLA

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