Slide 1: Q3 2022 Update
Q3 2022 Update 1 Exhibit 99.1
Slide 2: Highlights
Highlights 03 Financial Summary 04 Operational Summary 06 Vehicle Capacity 07 Core Technology 08 Other Highlights 09 Outlook 10 Photos & Charts 11 Key Metrics 18 Financial Statements 22 Additional Information 28
Slide 3: Summary Highlights
S U M M A R Y H I G H L I G H T S (1) Includes cash, cash equivalents and short-term marketable securities. (2) SBC = stock-based compensation. (3) Among all volume OEMs, based on the latest available data.
Slide 4: Financial Summary (Unaudited)
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
FINANCIAL SUMMARY Revenue Profitability Cash Total revenue grew 56% YoY in Q3 to $21.5B. YoY, revenue was impacted by the following items: + growth in vehicle deliveries + increased ASP YoY; ASP declined sequentially as the prior quarter's ASP was driven by limited Shanghai production in Q2 + growth
Slide 6: Operational Summary (Unaudited)
(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) 6
Slide 7: 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 c
Slide 8: Core Technology
C O R E T E C H N O L O G Y Cumulative miles driven with FSD Beta (millions) 8 Trip Projection tool for range estimation dependent on conditions 0
Slide 9: Other Highlights
O T H E R H I G H L I G H T S 9 Supercharger pricing and usage visualization Energy Storage deployments (MWh)
Slide 10: Outlook
OUTLOOK Volume 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, factory uptime, operational efficiency and the capacity
Slide 11: Photos & Charts
P H O T O S & C H A R T S
Slide 12: Fremont Factory — Models S & X General Assembly
F R E M O N T F A C T O R Y — M O D E L S & X G E N E R A L A S S E M B L Y 12
Slide 13: Gigafactory Berlin — Exterior
G I G A F A C T O R Y B E R L I N — E X T E R I O R 13
Slide 14: Gigafactory Berlin — Model Y General Assembly
G I G A F A C T O R Y B E R L I N — M O D E L Y G E N E R A L A S S E M B L Y 14
Slide 15: Gigafactory Shanghai — Exterior
G I G A F A C T O R Y S H A N G H A I — E X T E R I O R 15
Slide 16: Gigafactory Texas — Body (Welding) Line
G I G A F A C T O R Y T E X A S — B O D Y ( W E L D I N G ) L I N E 16
Slide 17: Gigafactory Texas — Exterior
G I G A F A C T O R Y T E X A S — E X T E R I O R 17
Slide 18: Key Metrics Quarterly (Unaudited)
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 ($B) 18
Slide 19: Key Metrics Trailing 12 Months (TTM)
Operating Cash Flow ($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) 19 Vehicle Deliveries (millions of units)
Slide 20: Key Metrics Trailing 12 Months (TTM)
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) 20 YoY Revenue Growth Operating Margin Source: OEM financial disclosures, Bloomberg Autos Industry includes: Tesla, BMW, Daimler, Ford, GM, Honda, Hyundai, Nissan, Toyota and VW. Stellantis is excluded given limited historical
Slide 21: Back-End Loaded vs. Smooth Deliveries: Impact on Vehicles in Transit
B A C K – E N D L O A D E D V E H I C L E D E L I V E R I E S V S . S M O O T H D E L I V E R I E S : I M P A C T O N V E H I C L E S I N T R A N S I T 21 Hypothetical weekly delivery patterns Resulting number of vehicles in-transit Historical state Ideal state Historical state Ideal state End of qu
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 (Unaudited)
S T A T E M E N T O F O P E R A T I O N S (Unaudited) 23 (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 24: Balance Sheet (Unaudited)
B A L A N C E S H E E T (Unaudited) 24
Slide 25: Statement of Cash Flows (Unaudited)
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 (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 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 third quarter 2022 financial results conference call beginning at 4:30 p.m. CT on October 19, 2022 at ir.tesla.com. This webcast will also be available for replay for approximately one year thereaf
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