TESLA INC/  US88160R1014  /

Tesla designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offer services related to its products. It is the world’s first vertically integrated sustainable energy company, offering end-to-end clean energy products, including generation, storage and consumption. The company generally sells its products directly to customers, including through its website and retail locations and continues to grow our customer-facing infrastructure through a global network of vehicle service centers, Mobile Service technicians, body shops, Supercharger stations and Destination Chargers to accelerate the widespread adoption of the products. Tesla emphasizes performance, attractive styling and the safety of its users and workforce in the design and manufacture of the products, and is continuing to develop full self-driving technology for improved safety. The company currently offers or is planning to introduce electric vehicles to address a wide range of consumer and commercial vehicle markets, including Model 3, Model Y, Model S, Model X, Cybertruck, Tesla Semi and a new Tesla Roadster. In order to meet customers’ range, functionality and performance expectations, we have employed our considerable design and vehicle engineering capabilities to overcome the design, styling and performance issues that have historically limited broad adoption of electric vehicles. Combined with technical advancements in its powertrain system, Autopilot and Full Self-Driving (“FSD”) hardware, and neural net, the electric vehicles boast advantages such as leading range and recharging flexibility; superior acceleration, handling and safety characteristics; a unique suite of user convenience and infotainment features; the ability to have additional features enabled through over-the-air updates; and savings in charging, maintenance and other costs of ownership.