Tesla : 2019 Annual Shareholder Meeting

M O D E L 3 M I L E S T O N E S - L A S T 4 Q U A R T E R S

Outselling all	Highest revenue	Best in class
competitors combined	car in the U.S.	performance

M O D E L 3 I S T H E B E S T- S E L L I N G C A R B Y R E V E N U E ( $ B N )

Last 4 quarters in the U.S.

Source: Edmunds & OEM data

M O D E L 3 O U T S E L L I N G A L L D I R E C T C O M P E T I T O R S C O M B I N E D ( U N I T S )

Last 4 quarters in the U.S.

Source: OEM data

T H E M O S T E N E R G Y - E F F I C I E N T I N T H E W O R L D

Source: OEM data,

Disclaimer: Total battery pack size used for calculation, Mercedes EQC estimated EPA range of 220 miles. Model S & X standard range efficiency.

M O D E L S + M O D E L X : R E C O R D - B R E A K I N G R A N G E

370 mi

Bay Area - LA

325 mi

Model S range

On a single charge

Model X range

U N M AT C H E D R A N G E S I N C E 2 0 1 2

Model S range from 2012 has still not been surpassed

Source: OEM data

V E H I C L E D E M A N D V S . S U P P LY

Quarter-to-date, orders for	~90% of orders are coming from
Model S, X & 3 are outpacing production	non-reservation holders

M O D E L 3 M A R K E T P O T E N T I A L : A N A LY S I S O F T R A D E - I N S

12%

Mid-Size Premium Sedans

Global Market of 1.7 Million Cars

63%

25%

Non-Premium Vehicles	Other Premium Vehicles
Global Market of 10s of Millions of Cars	Global Market of 6.8 Million Cars

Total cost of ownership comparable to Toyota Camry or Honda Accord

A U T O N O M Y I N V E S T O R D AY

21x faster custom-built	Feature complete	1 million robotaxi-
processing chip	by 2019	capable cars by 2020

M O D E L Y R E V E A L

2.5x	300 mi	Fall 2020
Bigger segment	Range	Volume production
than Model 3

G I G A FA C T O R Y 1

World's largest	Lowest cost	Almost half of global EV
Battery factory	per kWh	battery production

Source: EV-volumes.com

G I G A FA C T O R Y S H A N G H A I

End of 2019

150k Model 3s

Vehicle production begins

First phase capacity per year

G I G A FA C T O R Y E U R O P E

Active search for a European location

T E S L A E N E R G Y

2x storage growth	1 GWh energy storage	Solar Roof currently
Compared to 2018	deployed in 2018	installing in 8 States

V 3 S U P E R C H A R G E R : 7 5 M I L E S I N 5 M I N

450+ sites

700+ sites

350+ sites

Europe & Middle East

North America

Asia

U N M AT C H E D P R O D U C T L I N E U P

Model Y

Cyberpunk Truck

Semi

B AT T E R Y & P O W E R T R A I N I N V E S T O R D AY

Coming soon

CERTAIN STATEMENTS IN THIS PRESENTATION, INCLUDING STATEMENTS RELATING TO FUTURE PRODUCT SALES, DELIVERIES AND PRODUCTION, POTENTIAL MARKETS FOR VEHICLE SALES, AND EXPECTED TIMELINES AND FEATURES OF PRODUCTS AND SERVICES, ARE "FORWARD-LOOKING STATEMENTS" THAT ARE SUBJECT TO RISKS AND UNCERTAINTIES. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON MANAGEMENT'S CURRENT EXPECTATIONS, AND AS A RESULT OF CERTAIN RISKS AND UNCERTAINTIES, ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE PROJECTED.

NUMEROUS FACTORS INCLUDING, WITHOUT LIMITATION, THE RISK OF DELAYS IN THE MANUFACTURE, PRODUCTION, DELIVERY AND/OR COMPLETION OF OUR PRODUCTS, FEATURES AND SERVICES; THE ABILITY OF TESLA TO DESIGN AND GROW SIMULTANEOUS AND SEPARATE MARKET ACCEPTANCE OF AND DEMAND FOR OUR CURRENT AND FUTURE PRODUCTS; THE ABILITY OF SUPPLIERS TO MEET QUALITY AND PART DELIVERY EXPECTATIONS AT INCREASING VOLUMES; ANY FAILURES BY TESLA PRODUCTS TO PERFORM AS EXPECTED OR IF PRODUCT RECALLS OCCUR; TESLA'S ABILITY TO CONTINUE TO REDUCE OR CONTROL MANUFACTURING AND OTHER COSTS; CONSUMERS' WILLINGNESS TO ADOPT ELECTRIC VEHICLES; COMPETITION IN THE AUTOMOTIVE AND ENERGY PRODUCT MARKETS; TESLA'S ABILITY TO ESTABLISH, MAINTAIN AND STRENGTHEN THE TESLA BRAND; TESLA'S ABILITY TO MANAGE FUTURE GROWTH EFFECTIVELY; THE UNAVAILABILITY, REDUCTION OR ELIMINATION OF GOVERNMENT AND ECONOMIC INCENTIVES FOR ELECTRIC VEHICLES AND ENERGY PRODUCTS; TESLA'S ABILITY TO ESTABLISH, MAINTAIN AND STRENGTHEN ITS RELATIONSHIPS WITH STRATEGIC PARTNERS; TESLA'S ABILITY TO MAINTAIN SCHEDULES, OUTPUT AND COST ESTIMATES FOR OUR MANUFACTURING FACILITIES; AND TESLA'S ABILITY TO EXECUTE ON OUR STRATEGY FOR SERVICE CENTER, SUPERCHARGER AND OTHER LOCATIONS AND CAPABILITIES, AS WELL AS RISKS IDENTIFIED UNDER THE SECTIONS CAPTIONED "RISK FACTORS" IN OUR ANNUAL AND QUARTERLY REPORTS ON FORMS 10-K AND 10-Q FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS. TESLA DISCLAIMS ANY OBLIGATION TO UPDATE INFORMATION CONTAINED IN THESE FORWARD- LOOKING STATEMENTS WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS, OR OTHERWISE.