Slide 1: Q2 2022 Update
Q2 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 21 Financial Statements 23 Additional Information 29
Slide 3: Highlights
We continued to make significant progress across the business during the second quarter of 2022. Though we faced certain challenges, including limited production and shutdowns in Shanghai for the majority of the quarter, we achieved an operating margin among the highest in the industry of 14.6%, pos
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: Revenue, Profitability, Cash
F I N A N C I A L S U M M A R Y Revenue Profitability Cash Total revenue grew 42% YoY in Q2 to $16.9B. 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 YoY to
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). 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 In Q2, we achieved record production rates across the company. However, we saw a continuation of manufacturing challenges related to shutdowns, global supply chain disruptions, labor shortages and logistics and other complications, which limited our ability to consisten
Slide 8: Core Technology
C O R E T E C H N O L O G Y Autopilot and Full Self-Driving (FSD) As of the end of Q2-2022, over 100,000 Tesla drivers in North America had access to FSD Beta. Cumulative miles driven by our customers using City Streets supervised autonomy continue to grow at an unprecedented scale. Fleet data is an
Slide 9: Other Highlights
O T H E R H I G H L I G H T S Energy Storage Energy storage deployments decreased by 11% YoY in Q2 to 1.1 GWh, mainly due to semiconductor challenges, which are having a greater impact on our Energy business than our Automotive business. Demand for our storage products remains in excess of our abili
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, factory uptime, operational efficienc
Slide 11: Photos & Charts
P H O T O S & C H A R T S
Slide 12: Fremont Factory
F R E M O N T F A C T O R Y — 2 , 0 0 0 , 0 0 0 V E H I C L E S P R O D U C E D 12
Slide 13: 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 13
Slide 14: 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 14
Slide 15: Gigafactory Texas: Solar Panels
G I G A F A C T O R Y T E X A S — S O L A R P A N E L S 15
Slide 16: Gigafactory Texas: Body Shop
G I G A F A C T O R Y T E X A S — B O D Y S H O P 16
Slide 17: 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 17
Slide 18: Gigafactory Shanghai: General Assembly
G I G A F A C T O R Y S H A N G H A I — G E N E R A L A S S E M B L Y 18
Slide 19: Predictive (Vision Based) Seatbelt Tensioning
P R E D I C T I V E ( V I S I O N B A S E D ) S E A T B E L T T E N S I O N I N G 19 Faster tensioning deployment due to Tesla Vision Lower occupant acceleration with Tesla Vision system
Slide 20: Annual Shareholder Meeting - August 4th
A N N U A L S H A R E H O L D E R M E E T I N G — A U G U S T 4 T H 20 Learn more about how to vote your shares: https://ir.tesla.com/shareholders/vote
Slide 21: 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 ($B) 21
Slide 22: Key Metrics Trailing 12 Months
Operating Cash Flow ($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) 22 Vehicle Deliveries (millions of units)
Slide 23: Financial Statements
F I N A N C I A L S T A T E M E N T S
Slide 24: 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) 24
Slide 25: Balance Sheet
B A L A N C E S H E E T (Unaudited) 25
Slide 26: 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) 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) 27
Slide 28: 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 28
Slide 29: 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 second quarter 2022 financial results conference call beginning at 4:30 p.m. CT on July 20, 2022 at ir.tesla.com. This webcast will also be available for replay for approximately one year thereafte
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