Slide 1: Q4 and FY 2022 Update
Q4 and FY 2022 Update 1 Exhibit 99.1
Slide 2: Contents
Highlights 03 Financial Summary 04 Operational Summary 07 Vehicle Capacity 09 Core Technology 10 Other Highlights 11 Outlook 12 Photos & Charts 13 Key Metrics 22 Financial Statements 27 Additional Information 34
Slide 3: Summary Highlights
S U M M A R Y H I G H L I G H T S (1) Excludes SBC (stock-based compensation). (2) Free cash flow = operating cash flow less capex. (3) Includes cash, cash equivalents and investments. (4) ASP= average selling price.
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. Prior period results have been retroactively adjusted to reflect the three-for-one stock split effected in the form of a stock dividend in August 2022. 4
Slide 5: Financial Summary
F I N A N C I A L S U M M A R Y (Unaudited) (1)EPS = earnings per share. Prior period results have been retroactively adjusted to reflect the three-for-one stock split effected in the form of a stock dividend in August 2022. 5
Slide 6: Financial Summary
F I N A N C I A L S U M M A R Y 6 (1) Impact is calculated on a constant currency basis. Actuals are compared against current results converted into USD using average exchange rates from Q4’21. (2) This pertains to wide release of FSD Beta in the US and Canada during the period. Additionally, we exp
Slide 7: 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). O P E R A T I O N A L S U M M A R Y (Unaudited) 7
Slide 8: Operational Summary
(1)Days of supply is calculated by dividing new car ending inventory by the relevant year’s deliveries and using 300 trading days (aligned with Automotive News definition). (2)In 2021, we began including mobile service vehicles dedicated to tire repair in our mobile service fleet total. Prior period
Slide 9: Vehicle Capacity
V E H I C L E C A P A C I T Y Installed capacity ≠ current production rate and there may be limitations discovered as production rates approach capacity. Production rates depend on a variety of factors, including equipment uptime, component supply, downtime related to factory upgrades, regulatory co
Slide 10: Core Technology
C O R E T E C H N O L O G Y Cumulative miles driven with FSD Beta (millions) 10 Miles driven per accident (millions) Source: https://www.tesla.com/vehiclesafetyreport
Slide 11: Other Highlights
O T H E R H I G H L I G H T S 11 Number of Supercharging locations Energy Storage deployments (GWh)
Slide 12: Outlook
OUTLOOK Volume Product We are planning to grow production as quickly as possible in alignment with the 50% CAGR target we began guiding to in early 2021. In some years we may grow faster and some we may grow slower, depending on a number of factors. For 2023, we expect to remain ahead of the long-te
Slide 13: Photos & Charts
P H O T O S & C H A R T S
Slide 14: Gigafactory Berlin Is a Piece of Art
G I G A F A C T O R Y B E R L I N I S A P I E C E O F A R T 14
Slide 15: Gigafactory Berlin — Model Y Paint Shop
G I G A F A C T O R Y B E R L I N — M O D E L Y P A I N T S H O P 15
Slide 16: Megafactory Lathrop, CA — Megapack Final Assembly
M E G A F A C T O R Y L A T H R O P , C A — M E G A P A C K F I N A L A S S E M B L Y 16
Slide 17: Gigafactory Shanghai — Stamping Press
G I G A F A C T O R Y S H A N G H A I — S T A M P I N G P R E S S 17
Slide 18: Gigafactory Shanghai — Body Shop
G I G A F A C T O R Y S H A N G H A I — B O D Y S H O P 18
Slide 19: Gigafactory Nevada — Expansion Plans
G I G A F A C T O R Y N E V A D A — E X P A N S I O N P L A N S 19
Slide 20: Tesla Semi
T E S L A S E M I 20
Slide 21: Gigafactory Texas — Cell Production
G I G A F A C T O R Y T E X A S — 4 6 8 0 C E L L P R O D U C T I O N 21
Slide 22: 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) 22
Slide 23: 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) 23 Vehicle Deliveries (millions of units)
Slide 24: Key Metrics Trailing 12 Months
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) 24 YoY Revenue Growth Operating Margin Source: OEM financial disclosures, Bloomberg Autos Industry includes: Tesla, BMW, Mercedes-Benz, Ford, GM, Honda, Hyundai, Nissan, Toyota and VW. Stellantis is excluded given limited hist
Slide 25: Key Metrics ASP vs. Operating Margins
K E Y M E T R I C S A S P V S . O P E R A T I N G M A R G I N S (Unaudited) 25 Vehicle ASP1 vs. Operating Margin (GAAP) 1 Vehicle ASP is calculated by taking automotive sales (excluding regulatory credits and automotive leasing) and dividing by deliveries (adjusted for operating and sales-type lease
Slide 26: Key Metrics Volume Growth
K E Y M E T R I C S V O L U M E G R O W T H (Unaudited) 26 Vehicle Delivery Growth Rate – Assuming 50% CAGR Since 2020 Note: We expect to achieve 50% average annual growth in vehicle production and deliveries over a multi-year horizon, although not necessarily on a yearly basis.
Slide 27: Financial Statements
F I N A N C I A L S T A T E M E N T S
Slide 28: 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) 28 (1) Prior period results have been retroactively adjusted to reflect the three-for-one stock split effected in the form of a stock dividend in August 2022.
Slide 29: Balance Sheet
B A L A N C E S H E E T (Unaudited) 29
Slide 30: 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) 30
Slide 31: 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) 31 (1) Prior period results have been retroactively adjusted to reflect the three-for-one stock split effected in the form of a stock dividend in August 2022.
Slide 32: 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) 32 (1) Prior period results have been retroactively adjusted to reflect the three-for-one stock split effected in the form of a stock dividend in August 2022.
Slide 33: 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 33
Slide 34: 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 fourth quarter 2022 financial results conference call beginning at 4:30 p.m. CT on January 25, 2023 at ir.tesla.com. This webcast will also be available for replay for approximately one year therea
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