TESLA, INC.

STATEMENT OF FINANCIAL POSITION

(in USD Millions)
FOR THE YEAR ENDED

12/31/2020 12/31/2019 12/31/2018

ASSETS ASSETS
Current Assets
Cash and Short-Term Investments $ 19,622,000 $ 6,514,000 $ 3,878,000
Account Receivables $ 1,886,000 $ 1,324,000 $ 949,000
Inventory $ 4,101,000 $ 3,552,000 $ 3,113,000
Other Current Assets $ 1,108,000 $ 713,000 $ 366,000
Total Current Assets $ 26,717,000 $ 12,103,000 $ 8,306,000
Non-current Assets
Property, Plant, and Equipment $ 23,375,000 $ 20,199,000 $ 19,691,000
Investments and Advances $ 279,000 $ 270,000 $ 398,000
Long-Term Note Receivable $ 334,000 $ 402,000 $ 422,000
Intangible Assets $ 520,000 $ 537,000 $ 351,000
Other Assets $ 923,000 $ 798,000 $ 572,000
Total Non-current Assets $ 25,431,000 $ 22,206,000 $ 21,434,000
TOTAL ASSETS $ 52,148,000 $ 34,309,000 $ 29,740,000 TOTAL ASSETS

LIABILITIES AND SHAREHOLDER'S EQUITY LIABILITIES AND SHARE

LIABILITIES LIABILITIES
Current Liabilities
Short-Term & Current Portion LT Debt $ 2,459,000 $ 2,070,000 $ 2,711,000
Accounts Payable $ 6,051,000 $ 3,771,000 $ 3,404,000
Income Tax Payable $ 777,000 $ 611,000 $ 349,000
Other Current Liabilities $ 4,961,000 $ 4,215,000 $ 3,528,000
 Total Current Liabilities $ 14,248,000 $ 10,667,000 $ 9,992,000
Non-current Liabilities
Long-Term Debt $ 10,888,000 $ 12,627,000 $ 11,116,000
Provision for Risk and Charges $ 519,000 $ 581,000 $ 413,000
Deffered Taxes $ 151,000 $ 66,000 $ -
Minority Interest $ 1,454,000 $ 1,492,000 $ 1,391,000
Other Liabilities $ 2,663,000 $ 2,258,000 $ 1,905,000
Total Non-current Liabilities $ 15,675,000 $ 17,024,000 $ 14,825,000
TOTAL LIABILITIES $ 29,923,000 $ 27,691,000 $ 24,817,000 TOTAL LIABILITIES

SHAREHOLDER'S EQUITY SHAREHOLDER'S EQUIT

Common Stock Par/Carry Value $ 1,000 $ 1,000 $ -
Additional Paid-in Capital/Capital Surp $ 27,260,000 $ 12,736,000 $ 10,249,000
Retained Earnings $ (5,399,000) $ (6,083,000) $ (5,318,000)
Other Appropraited Reserves $ 363,000 $ (36,000) $ (8,000)
TOTAL SHAREHOLDER'S EQUITY $ 22,225,000 $ 6,618,000 $ 4,923,000 TOTAL SHAREHOLDER'S
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY $ 52,148,000 $ 34,309,000 $ 29,740,000 TOTAL LIABILITIES AND
 TESLA, INC.
STATEMENT OF FINANCIAL POSITION STATEMENT
(in USD Millions) (
FOR THE YEAR ENDED

12/31/2017 12/31/2016
ASSETS
Current Assets Current Assets
Cash and Short-Term Investments $ 3,523,000 $ 3,499,000
Account Receivables $ 515,000 $ 499,000
Inventory $ 2,263,000 $ 2,067,000
Other Current Assets $ 268,000 $ 194,000
Total Current Assets $ 6,569,000 $ 6,259,000 Total Current Assets
Non-current Assets Non-current Assets
Property, Plant, and Equipment $ 20,492,000 $ 15,037,000
Investments and Advances $ 442,000 $ 268,000
Long-Term Note Receivable $ 457,000 $ 506,000
Intangible Assets $ 422,000 $ 376,000
Other Assets $ 273,000 $ 218,000
Total Non-current Assets $ 22,086,000 $ 16,405,000 Total Non-current Assets
TOTAL ASSETS $ 28,655,000 $ 22,664,000 TOTAL ASSETS

LIABILITIES AND SHAREHOLDER'S EQUITY LIABILITIES AND SHAREHOLDER'S EQUITY

LIABILITIES LIABILITIES
Current Liabilities Current Liabilities
Short-Term & Current Portion LT Debt $ 979,000 $ 1,206,000 Non-current Liabilities
Accounts Payable $ 2,390,000 $ 1,860,000 TOTAL LIABILITIES
Income Tax Payable $ 186,000 $ 153,000 SHAREHOLDER'S EQUITY
Other Current Liabilities $ 4,120,000 $ 2,608,000 TOTAL LIABILITIES AND SHAREHOLDER'S E
 Total Current Liabilities $ 7,675,000 $ 5,827,000
Non-current Liabilities
Long-Term Debt $ 11,152,000 $ 7,386,000
Provision for Risk and Charges $ 2,309,000 $ 2,210,000
Deffered Taxes $ - $ -
Minority Interest $ 1,395,000 $ 1,152,000
Other Liabilities $ 1,887,000 $ 1,336,000
Total Non-current Liabilities $ 16,743,000 $ 12,084,000
TOTAL LIABILITIES $ 24,418,000 $ 17,911,000

SHAREHOLDER'S EQUITY
Common Stock Par/Carry Value $ - $ -
Additional Paid-in Capital/Capital Surplu $ 9,178,000 $ 7,774,000
Retained Earnings $ (4,974,000) $ (2,997,000)
Other Appropraited Reserves $ 33,000 $ (24,000)
TOTAL SHAREHOLDER'S EQUITY $ 4,237,000 $ 4,753,000
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY $ 28,655,000 $ 22,664,000
 TESLA, INC. TESLA, INC.
STATEMENT OF FINANCIAL POSITION COMMON-SIZE BALANCE SHEET
(in USD Millions) (in USD Millions)

12/31/2020 12/31/2019 12/31/2018

ASSETS
Current Assets Current Assets
Cash and Short-Term Investments 37.63% 18.99% 13.04%
Account Receivables 3.62% 3.86% 3.19%
Inventory 7.86% 10.35% 10.47%
Other Current Assets 2.12% 2.08% 1.23%
Total Current Assets 51.23% 35.28% 27.93% Total Current Assets
Non-current Assets Non-current Assets
Property, Plant, and Equipment 44.82% 58.87% 66.21%
Investments and Advances 0.54% 0.79% 1.34%
Long-Term Note Receivable 0.64% 1.17% 1.42%
Intangible Assets 1.00% 1.57% 1.18%
Other Assets 1.77% 1.77% 1.92%
Total Non-current Assets 48.77% 64.17% 72.07% Total Non-current Assets
OTAL ASSETS 100.00% 99.45% 100.00% TOTAL ASSETS

ABILITIES AND SHAREHOLDER'S EQUITY LIABILITIES AND SHAREHOLDER'S EQUITY

LIABILITIES
Current Liabilities 27.32% 31.09% 33.60% Current Liabilities
Non-current Liabilities 30.06% 49.62% 49.85% Non-current Liabilities
OTAL LIABILITIES 57.38% 80.71% 83.45% TOTAL LIABILITIES
HAREHOLDER'S EQUITY 42.62% 19.29% 16.55% SHAREHOLDER'S EQUITY
OTAL LIABILITIES AND SHAREHOLDER'S EQUITY 100.00% 100.00% 100.00% TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY
 TESLA, INC.
COMMON-SIZE BALANCE SHEET
(in USD Millions)

12/31/2017 12/31/2016

Current Assets
Cash and Short-Term Investments 12.29% 15.44%
Account Receivables 1.80% 2.20%
Inventory 7.90% 9.12%
Other Current Assets 0.94% 0.86%
Total Current Assets 22.92% 27.62%
Non-current Assets
Property, Plant, and Equipment 71.51% 66.35%
Investments and Advances 1.54% 1.18%
Long-Term Note Receivable 1.59% 2.23%
Intangible Assets 1.47% 1.66%
Other Assets 0.95% 0.96%
Total Non-current Assets 77.08% 72.38%
TOTAL ASSETS 100.00% 100.00%

IABILITIES AND SHAREHOLDER'S EQUITY

Current Liabilities 26.78% 25.71%

Non-current Liabilities 58.43% 53.32%
TOTAL LIABILITIES 85.21% 79.03%
SHAREHOLDER'S EQUITY 14.79% 20.97%
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY 100.00% 100.00%
 TESLA, INC.
INCOME STATEMENT
(in USD Millions)
12/31/2020 12/31/2019
Sales $ 31,536,000
Cost of Goods Sold $ 24,906,000
Gross Income $ 6,630,000
TOTAL OPERATING EXPENSES $ 4,636,000
EARNINGS BEFORE INTEREST AND
$ 1,994,000
TAXES (EBIT)
Unusual Expenses $ 36,000
Non-operating Income/Expenses $ (86,000)
Non-operating Interest Income $ 30,000
Interest Expense $ 748,000
Pretax Income $ 1,154,000
Income Tax $ 292,000
Other After Tax Income $ (31,000)
CONSOLIDATED NET INCOME $ 831,000
Minority Interest Expense $ 141,000
NET INCOME $ 690,000
 TESLA, INC.
INCOME STATEMENT
(in USD Millions)
12/31/2019 12/31/2018
$ 24,578,000 Sales $ 21,461,000
$ 20,509,000 Cost of Goods Sold $ 17,419,000
$ 4,069,000 Gross Income $ 4,042,000
$ 3,989,000 TOTAL OPERATING EXPENSES $ 4,294,000
EARNINGS BEFORE INTEREST
$ 80,000 $ (252,000)
AND TAXES (EBIT)
$ 189,000 Unusual Expenses $ 114,000
$ 85,000 Non-operating Income/Expenses $ -
$ 44,000 Non-operating Interest Income $ 25,000
$ 685,000 Interest Expense $ 663,000
$ (665,000) Pretax Income $ (1,004,000)
$ 110,000 Income Tax $ 58,000
$ (8,000) Other After Tax Income $ -
$ (783,000) CONSOLIDATED NET INCOME $ (1,062,000)
$ 87,000 Minority Interest Expense $ (86,000)
$ (870,000) NET INCOME $ (976,000)
 TESLA, INC.
T INCOME STATEMENT
(in USD Millions)
12/31/2017
$ 11,759,000 Sales
$ 9,542,000 Cost of Goods Sold
$ 2,217,000 Gross Income
$ 3,855,000 TOTAL OPERATING EXPENSES
EARNINGS BEFORE INTEREST
$ (1,638,000)
AND TAXES (EBIT)
$ (7,000) Unusual Expenses
$ (127,000) Non-operating Income/Expenses
$ 20,000 Non-operating Interest Income
$ 471,000 Interest Expense
$ (2,209,000) Pretax Income
$ 32,000 Income Tax
$ - Other After Tax Income
$ (2,241,000) CONSOLIDATED NET INCOME
$ (279,000) Minority Interest Expense
$ (1,962,000) NET INCOME
SLA, INC. TESLA, INC.
E STATEMENT COMMON-SIZE INCOME STATEMENT
SD Millions) (in USD Millions)
12/31/2016 12/31/2020
$ 7,000,000 Sales 100.00%
$ 5,446,000 Cost of Goods Sold 78.98%
$ 1,554,000 Gross Income 21.02%
$ 2,244,000 TOTAL OPERATING EXPENSES 14.70%
EARNINGS BEFORE INTEREST 6.32%
$ (690,000)
AND TAXES (EBIT)
$ (74,000) Unusual Expenses 0.11%
$ 60,000 Non-operating Income/Expenses -0.27%
$ 9,000 Non-operating Interest Income 0.10%
$ 199,000 Interest Expense 2.37%
$ (746,000) Pretax Income 3.67%
$ 27,000 Income Tax 0.93%
$ - Other After-Tax Income -0.10%
$ (773,000) CONSOLIDATED NET INCOME 2.64%
$ (98,000) Minority Interest Expense 0.45%
$ (675,000) NET INCOME 2.19%
 INC. TESLA, INC.
OME STATEMENT COMMON-SIZE INCOME STATEMENT
Millions) (in USD Millions)
12/31/2019 12/31/2018
100.00% 100.00% Sales
83.44% 81.17% Cost of Goods Sold
16.56% 18.83% Gross Income
16.23% 20.01% TOTAL OPERATING EXPENSES
0.33% -1.18% EARNINGS BEFORE INTEREST
AND TAXES (EBIT)
0.77% 0.53% Unusual Expenses
0.35% 0.00% Non-operating Income/Expenses
0.18% 0.12% Non-operating Interest Income
2.79% 3.09% Interest Expense
-2.70% -4.68% Pretax Income
0.45% 0.27% Income Tax
-0.03% 0.00% Other After-Tax Income
-3.18% -4.95% CONSOLIDATED NET INCOME
0.35% -0.40% Minority Interest Expense
-3.53% -4.55% NET INCOME
ESLA, INC.
E INCOME STATEMENT
SD Millions)
12/31/2017 12/31/2016
100.00% 100.00%
81.15% 77.80%
18.85% 22.20%
32.78% 32.06%
-13.93% -9.86%

-0.06% -1.06%
-1.08% 0.86%
0.17% 0.13%
4.01% 2.84%
-18.79% -10.65%
0.27% 0.39%
0.00% 0.00%
-19.06% -11.04%
-2.37% -1.40%
-16.69% -9.64%
 CURRENT RATIO quick ratio
year TESLA HONDA year TESLA HONDA
2016 1.07 1.14 2016 0.72 0.9
2017 0.86 1.21 2017 0.56 0.96
2018 0.83 1.23 2018 0.52 0.96
2019 1.13 1.23 2019 0.80 0.96
2020 1.88 1.26 2020 1.59 0.99

CURRENT RATIO QUICK R

2 1.88 1.8
1.8 1.6
1.6
1.4
1.4 1.21 1.23 1.23 1.26
1.14 1.13 1.2
1.07
1.2 0.96
10.9
RATIOS

RATIOS
1 0.86 0.83 0.72
0.8
0.8
0.56
0.6 0.6
0.4 0.4
0.2 0.2
0 0
2016 2017 2018 2019 2020 2016 2017
YEARS YEAR

TESLA HONDA TESLA

 fixed-asset ratio debt ratio
year TESLA HONDA year
2016 0.47 2.14 2016
2017 0.57 1.92 2017
2018 1.09 2.15 2018
2019 1.22 2.14 2019
2020 1.35 1.94 2020

QUICK RATIO FIXED-ASSET RATIO

2.5
8 2.15
1.59 2.14
6 1.92
2
4
2 1.5
0.96 0.96 0.96 0.99

RATIOS
10.9 1.09
0.8
0.72
8 1
0.56 0.52
6 0.57
0.47
4 0.5
2
0 0
2016 2017 2018
016 2017 2018 2019 2020
YEARS YEARS

TESLA HONDA TESLA HONDA

 debt ratio return on investment
TESLA HONDA year TESLA HONDA
79.00% 62.90% 2016 -2.98% 1.90%
85.20% 61.50% 2017 -6.85% 3.30%
83.40% 58.00% 2018 -3.28% 5.50%
80.70% 59.50% 2019 -2.54% 3.00%
57.40% 60.80% 2020 1.32% 2.20%

FIXED-ASSET RATIO DEBT RATIO

100.00%
2.15 2.14 90.00% 85.20% 83.40%
79.00% 80.70%
92 1.94
80.00%
70.00%
62.90% 61.50%
1.35 58.00% 59.50%
60.00%
RATIOS
1.22
1.09
50.00%
40.00%
57
30.00%
20.00%
10.00%
017 2018 2019 2020 2016 2017 2018 2019

YEARS YEARS

TESLA HONDA TESLA HONDA

 RETURN ON INVESTMENT
7.00%
5.50%
RATIO 5.00%
3.30% 3.00%
83.40% 3.00%1.90% 2.20%
80.70% 1.32%
RATIOS 1.00%

58.00% 59.50% 60.80% -1.00%

57.40% -2.54%
-2.98% -3.28%
-3.00%

-5.00%
-6.85%
-7.00%
2016 2017 2018 2019 2020
YEARS
2018 2019 2020
YEARS TESLA HONDA

HONDA
ENT

3.00%
2.20%
1.32%

-2.54%

2019 2020

NDA