🟢 New in Current Filing We may experience delays in launching and ramping the production of our products and features, or we may be unable to control our manufacturing costs. 🔒

🟢 New in Current Filing Our suppliers may fail to deliver components according to schedules, prices, quality and volumes that are acceptable to us, or we may be unable to manage these components effectively. 🔒

🟢 New in Current Filing We may be unable to meet our projected construction timelines, costs and production ramps at new factories, or we may experience difficulties in generating and maintaining demand for products manufactured there. 🔒

🟢 New in Current Filing We may be unable to grow our global product sales, delivery and installation capabilities and our servicing and vehicle charging networks, or we may be unable to accurately project and effectively manage our growth. 🔒

🟢 New in Current Filing We will need to maintain and significantly grow our access to battery cells, including through the development and manufacture of our own cells, and control our related costs. 🔒

🟢 New in Current Filing Our future growth and success are dependent upon consumers’ demand for electric vehicles and specifically our vehicles in an automotive industry that is generally competitive, cyclical and volatile. 🔒

🟢 New in Current Filing We face strong competition for our products and services from a growing list of established and new competitors. 🔒

🟢 New in Current Filing We may experience issues with lithium-ion cells or other components manufactured at our Gigafactories, which may harm the production and profitability of our vehicle and energy storage products. 🔒

🟢 New in Current Filing We face risks associated with maintaining and expanding our international operations, including unfavorable and uncertain regulatory, political, economic, tax and labor conditions. 🔒

🟢 New in Current Filing Our business may suffer if our products or features contain defects, fail to perform as expected or take longer than expected to become fully functional. 🔒

🟢 New in Current Filing We may be required to defend or insure against product liability claims. 🔒

🟢 New in Current Filing We will need to maintain public credibility and confidence in our long-term business prospects in order to succeed. 🔒

🟢 New in Current Filing We may be unable to effectively grow, or manage the compliance, residual value, financing and credit risks related to, our various financing programs. 🔒

🟢 New in Current Filing If we are unable to attract, hire and retain key employees and qualified personnel, our ability to compete may be harmed. 🔒

🟢 New in Current Filing We are highly dependent on the services of Elon Musk, Technoking of Tesla and our Chief Executive Officer. 🔒

🟢 New in Current Filing Our information technology systems or data, or those of our service providers or customers or users could be subject to cyber-attacks or other security incidents, which could result in data breaches, intellectual property theft, claims, litigation, regulatory investigations, significant liability, reputational damage and other adverse consequences. 🔒

🟢 New in Current Filing Any unauthorized control or manipulation of our products’ systems could result in loss of confidence in us and our products. 🔒

🟢 New in Current Filing Our business may be adversely affected by any disruptions caused by union activities. 🔒

🟢 New in Current Filing We may choose to or be compelled to undertake product recalls or take other similar actions. 🔒

🟢 New in Current Filing Our current and future warranty reserves may be insufficient to cover future warranty claims. 🔒

🟢 New in Current Filing Our insurance coverage strategy may not be adequate to protect us from all business risks. 🔒

🟢 New in Current Filing Our debt agreements contain covenant restrictions that may limit our ability to operate our business. 🔒

🟢 New in Current Filing Additional funds may not be available to us when we need or want them. 🔒

🟢 New in Current Filing We may be negatively impacted by any early obsolescence of our manufacturing equipment. 🔒

🟢 New in Current Filing There is no guarantee that we will have sufficient cash flow from our business to pay our indebtedness or that we will not incur additional indebtedness. 🔒

🟢 New in Current Filing We are exposed to fluctuations in currency exchange rates. 🔒

🟢 New in Current Filing We may not be able to adequately protect or defend ourselves against intellectual property infringement claims, which may be time-consuming and expensive, or affect the freedom to operate our business. 🔒

🟢 New in Current Filing Increased scrutiny and changing expectations from stakeholders with respect to the Company’s ESG practices may result in additional costs or risks. 🔒

🟢 New in Current Filing Our operations could be adversely affected by events outside of our control, such as natural disasters, wars or health epidemics. 🔒

🟢 New in Current Filing Demand for our products and services may be impacted by the status of government and economic incentives supporting the development and adoption of such products. 🔒

🟢 New in Current Filing We are subject to evolving laws and regulations that could impose substantial costs, legal prohibitions or unfavorable changes upon our operations or products. 🔒

🟢 New in Current Filing Any failure by us to comply with a variety of U.S. and international privacy and consumer protection laws may harm us. 🔒

🟢 New in Current Filing We could be subject to liability, penalties and other restrictive sanctions and adverse consequences arising out of certain governmental investigations and proceedings. 🔒

🟢 New in Current Filing We may face regulatory challenges to or limitations on our ability to sell vehicles directly. 🔒

🟢 New in Current Filing The trading price of our common stock is likely to continue to be volatile. 🔒

🟢 New in Current Filing Our financial results may vary significantly from period to period due to fluctuations in our operating costs and other factors. 🔒

🟢 New in Current Filing We may fail to meet our publicly announced guidance or other expectations about our business, which could cause our stock price to decline. 🔒

🟢 New in Current Filing If Elon Musk were forced to sell shares of our common stock, either that he has pledged to secure certain personal loan obligations, or in satisfaction of other obligations, such sales could cause our stock price to decline. 🔒

🟢 New in Current Filing Anti-takeover provisions contained in our governing documents, applicable laws and certain of our debt facilities could impair a takeover attempt. 🔒

🔴 No Match in Current Filing (in millions, except per share data) 🔒

🔴 No Match in Current Filing (in millions) 🔒

🔴 No Match in Current Filing Subsidiaries 🔒

🔴 No Match in Current Filing (in millions) 🔒

🔴 No Match in Current Filing Note 1 – Overview 🔒

🔴 No Match in Current Filing Note 2 – Summary of Significant Accounting Policies 🔒

🔴 No Match in Current Filing Note 3 – Digital Assets, Net 🔒

🔴 No Match in Current Filing Note 4 – Goodwill and Intangible Assets 🔒

🔴 No Match in Current Filing Note 5 – Fair Value of Financial Instruments 🔒

🔴 No Match in Current Filing Note 6 – Inventory 🔒

🔴 No Match in Current Filing Note 7 – Solar Energy Systems, Net 🔒

🔴 No Match in Current Filing Note 8 – Property, Plant and Equipment, Net 🔒

🔴 No Match in Current Filing Note 9 – Accrued Liabilities and Other 🔒

🔴 No Match in Current Filing Note 10 – Other Long-Term Liabilities 🔒

🔴 No Match in Current Filing Note 11 – Debt 🔒

🔴 No Match in Current Filing Credit Agreement 🔒

🔴 No Match in Current Filing Automotive Asset-backed Notes 🔒

🔴 No Match in Current Filing Cash Equity Debt 🔒

🔴 No Match in Current Filing Automotive Lease-backed Credit Facilities 🔒

🔴 No Match in Current Filing Pledged Assets 🔒

🔴 No Match in Current Filing Schedule of Principal Maturities of Debt 🔒

🔴 No Match in Current Filing Note 12 – Leases 🔒

🔴 No Match in Current Filing Operating Lease and Sales-type Lease Receivables 🔒

🔴 No Match in Current Filing Net Investment in Sales-type Leases 🔒

🔴 No Match in Current Filing Lease Pass-Through Financing Obligation 🔒

🔴 No Match in Current Filing Note 13 – Equity Incentive Plans 🔒

🔴 No Match in Current Filing (in thousands) 🔒

🔴 No Match in Current Filing Fair Value Assumptions 🔒

🔴 No Match in Current Filing 2018 CEO Performance Award 🔒

🔴 No Match in Current Filing (in billions) 🔒

🔴 No Match in Current Filing Other Performance-Based Grants 🔒

🔴 No Match in Current Filing Summary Stock-Based Compensation Information 🔒

🔴 No Match in Current Filing Note 14 – Income Taxes 🔒

🔴 No Match in Current Filing Uncertain Tax Positions 🔒

🔴 No Match in Current Filing Operating Lease Arrangement in Shanghai, China 🔒

🔴 No Match in Current Filing Legal Proceedings 🔒

🔴 No Match in Current Filing Letters of Credit 🔒

🔴 No Match in Current Filing Note 16 – Variable Interest Entity Arrangements 🔒

🔴 No Match in Current Filing Note 17 – Related Party Transactions 🔒

🔴 No Match in Current Filing Note 18 – Segment Reporting and Information about Geographic Areas 🔒

🔴 No Match in Current Filing Note 19 – Restructuring and Other 🔒

🔴 No Match in Current Filing INDEX TO EXHIBITS 🔒

🟡 Modified We must manage ongoing obligations under our agreement with the Research Foundation for the State University of New York relating to our Gigafactory New York. 🔒