Slide 1: Q1 2022 Update
Q1 2022 Update 1 Exhibit 99.1
Slide 2: Contents
Highlights 03 Financial Summary 04 Operational Summary 06 Vehicle Capacity 07 Core Technology 08 Other Highlights 09 Outlook 10 Photos & Charts 11 Key Metrics 20 Financial Statements 22 Additional Information 28
Slide 3: Highlights
The first quarter of 2022 was another record quarter for Tesla by several measures such as revenues, vehicle deliveries, operating profit and an operating margin of over 19%. Our outstanding recourse debt has fallen below $0.1B at the end of Q1. Public interest in a sustainable future continues to r
Slide 4: Financial Summary
F I N A N C I A L S U M M A R Y (Unaudited) (1)EPS = earnings per share. 4
Slide 5: Financial Summary
F I N A N C I A L S U M M A R Y Revenue Profitability Cash Total revenue grew 81% YoY in Q1 to $18.8B. 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 to $3.
Slide 6: Operational Summary
(1)Days of supply is calculated by dividing new car ending inventory by the relevant quarter’s deliveries and using 75 trading days (aligned with Automotive News definition). (2)In Q2 2021, we began including mobile service vehicles dedicated to tire repair in our mobile service fleet total. Prior p
Slide 7: Vehicle Capacity
V E H I C L E C A P A C I T Y In Q1, we saw a continuation of global supply chain, transportation, labor and other manufacturing challenges, limiting our ability to run our factories at full capacity. US: California and Texas In April 2022, we began Model Y deliveries from our new factory in Austin,
Slide 8: Core Technology
C O R E T E C H N O L O G Y Autopilot and Full Self-Driving (FSD) FSD Beta development continued with seven software updates in 2022. Our team continued to work on reducing disengagements, particularly focusing on unprotected left turns and smoothness of the ride through reduction of slowdown events
Slide 9: Other Highlights
O T H E R H I G H L I G H T S Energy Storage Energy storage deployments increased by 90% YoY in Q1 to 846 MWh, mainly driven by strong Powerwall deployments. As demand remains substantially above capacity, growth has been limited by ongoing supply chain challenges. We are in the process of ramping p
Slide 10: Outlook
O U T L O O K Volume Cash Profit Product We plan to grow our manufacturing capacity as quickly as possible. Over a multi-year horizon, we expect to achieve 50% average annual growth in vehicle deliveries. The rate of growth will depend on our equipment capacity, operational efficiency and the capaci
Slide 11: Photos & Charts
P H O T O S & C H A R T S
Slide 12: Gigafactory Berlin — First Model Y Deliveries
G I G A F A C T O R Y B E R L I N — F I R S T M O D E L Y D E L I V E R I E S 12
Slide 13: Gigafactory Berlin — First Model Y Deliveries
G I G A F A C T O R Y B E R L I N — F I R S T M O D E L Y D E L I V E R I E S 13
Slide 14: Gigafactory Berlin — Model Y Body Shop
G I G A F A C T O R Y B E R L I N — M O D E L Y B O D Y S H O P 14
Slide 15: Gigafactory Texas — Opening Party
G I G A F A C T O R Y T E X A S — O P E N I N G P A R T Y 15
Slide 16: Gigafactory Texas — Opening Party
G I G A F A C T O R Y T E X A S — O P E N I N G P A R T Y 16
Slide 17: Gigafactory Texas — Opening Party
G I G A F A C T O R Y T E X A S — O P E N I N G P A R T Y 17
Slide 18: Gigafactory Texas — Model Y Body Shop
G I G A F A C T O R Y T E X A S — M O D E L Y B O D Y S H O P 18
Slide 19: Simplification of Vehicle Structure and Manufacturing
S I M P L I F I C A T I O N O F V E H I C L E S T R U C T U R E A N D M A N U F A C T U R I N G 19 Model 3 body structure 171 pieces of metal highlighted Austin-made Model Y body structure 2 pieces of metal highlighted >1,600 fewer welds
Slide 20: Key Metrics Quarterly
Vehicle Deliveries (millions of units) K E Y M E T R I C S Q U A R T E R L Y (Unaudited) Operating Cash Flow ($B) Free Cash Flow ($B) Net Income ($B) Adjusted EBITDA ($B) 20
Slide 21: Key Metrics Trailing 12 Months
Operating Cash Flow ($B) Free Cash Flow ($B) K E Y M E T R I C S T R A I L I N G 1 2 M O N T H S ( T T M ) (Unaudited) Net Income ($B) Adjusted EBITDA ($B) 21 Vehicle Deliveries (millions of units)
Slide 22: Financial Statements
F I N A N C I A L S T A T E M E N T S
Slide 23: Statement of Operations
S T A T E M E N T O F O P E R A T I O N S (Unaudited) 23
Slide 24: Balance Sheet
B A L A N C E S H E E T (Unaudited) 24
Slide 25: Statement of Cash Flows
S T A T E M E N T O F C A S H F L O W S (Unaudited) 25
Slide 26: Reconciliation of GAAP to Non-GAAP Financial Information
R e c o n c I l I a t I o n o f G A A P t o N o n – G A A P F I n a n c I a l I n f o r m a t I o n (Unaudited) 26
Slide 27: Reconciliation of GAAP to Non-GAAP Financial Information
R e c o n c I l I a t I o n o f G A A P t o N o n – G A A P F I n a n c I a l I n f o r m a t I o n (Unaudited) TTM = Trailing twelve months 27
Slide 28: Additional Information
A D D I T I O N A L I N F O R M A T I O N WEBCAST INFORMATION Tesla will provide a live webcast of its first quarter 2022 financial results conference call beginning at 4:30 p.m. CT on April 20, 2022 at ir.tesla.com. This webcast will also be available for replay for approximately one year thereafte
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