2024.Q2 IR Tesla Report – Forward Forecast

First Wave of Growth: Global Expansion of Model 3/Y Platforms
Next Wave of Growth: Introducing Self-Driving and New Products, Building on the Next Generation Vehicle Platform
Vehicle production growth rate in 2024, likely lower than 2023
Energy production and storage business growth expected to outperform auto business in 2024

Have enough liquidity to cover product roadmaps, long-term capacity expansion plans, and other costs
Manage businesses to maintain strong financial position in times of uncertainty

Continue innovation to reduce manufacturing and operational costs
Expect hardware-related gains to grow along with accelerating AI, software and vehicle rental-related gains

New cars, including low-cost models, are expected to start production in the first half of 2025
Can be produced on current vehicle production lines utilizing next-generation platforms and some elements of current platforms
This approach is less cost-saving than previously anticipated, but carefully increases vehicle production in a CapEx-efficient way, even during uncertain times
This will allow us to fully utilize our current estimated maximum capacity of approximately 3 million vehicles, with growth of more than 50% relative to 2023 production before investing in new manufacturing lines
Robotaxi-only products will continue to pursue innovative “unboxed” process strategies

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