Tesla, Inc.

(NASDAQ: TSLA)
July 4, 2017

Analyst Consensus About Tesla, Inc.

Rating1 Tesla, Inc. designs, develops, manufactures, and sells electric vehicles and energy storage products in the United
States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy
Generation and Storage. It primarily offers sedans and sport utility vehicles. The company also provides electric
vehicle powertrain components and systems to other manufacturers; and services for electric vehicles through its
135 company-owned service centers and Service Plus locations, as well as through Tesla Ranger mobile techni-
cians. It sells its products through a network of company-owned stores and galleries, as well as through Internet.
In addition, the company offers energy storage products, such as rechargeable lithium-ion battery systems for use
in homes, commercial facilities, and utility sites. Further, the company designs, manufactures, installs, maintains,
leases, and sells solar energy systems to residential and commercial customers through a sales organization that
include specialized internal call centers, outside sales force, a channel partner network, and a customer referral
program, as well as through selected Tesla stores. Additionally, it sells renewable electricity generated by solar
energy systems to customers. The company was formerly known as Tesla Motors, Inc. and changed its name to
Tesla, Inc. in February 2017. Tesla, Inc. was founded in 2003 and is headquartered in Palo Alto, California.

Overview Key Data

Contents Sector
Industry
Consumer Goods
Auto Manufacturers - Major
Last Trade
Price Range (52 week)
$352.62
178.19 - 386.99
Full Time Employees 17,782 Avg Volume (13 Week) 7,177,696
IPO Year N/A Shares Outstanding 164,260,000
1. Overview
Mkt Cap $57,920,000,000
Enterprise Value N/A
2. Technical Data
Book Value per Share $30.38
Dividend Yield --
3. Key Ratios

4. Earnings & Analyst

5.6. Financial Statements
7. Company Insiders
8. Disclaimer
Highlights & Recent Developments
On July 3, 2017, Tesla delivered just over 22,000 vehicles in Q2, of which just over
12,000 were Model S and just over 10,000 were Model X. This represents a 53%
increase over Q2 2016. Total vehicle deliveries in the first half of 2017 were ap-
proximately 47,100.

The major factor affecting Teslas Q2 deliveries was a severe production shortfall
of 100 kWh battery packs, which are made using new technologies on new pro-
duction lines. The technology challenge grows exponentially with energy density.
Until early June, production averaged about 40% below demand. Once this was
resolved, June orders and deliveries were strong, ranking as one of the best in
Tesla history.

1
Analyst Consensus Rating based on publicly Page 1 of 8 2017 Research Driven Investing.
reported third party data. See disclaimer. All rights reserved.
 Tesla, Inc.
(NASDAQ: TSLA)
July 4, 2017

Technical Data
Price Information
52 Week Low 178.19
52 Week High 386.99
50 Day Moving Average $348.23
200 Day Moving Average $285.06
Average Daily Volume (13Wk) 7,177,696

Support / Resistance
Type Value Confluence
resist. 119.78 1
supp 117.3 28
supp 115.55 6
supp 112.59 3
supp 110.84 2
supp 108.92 4
supp 107.34 2

Technical Signals Indicator Signal Strength Direction

Composite Indicator Trend Spotter Hold Bullish
7 Day Average Directional Indicator Sell Weak Strongest
10 - 8 Day Moving Average Hilo Channel Sell Average Strengthening
Short-Term Indicators 20 Day Moving Average vs Price Sell Weak Strongest
20 - 50 Day MACD Oscillator Buy Maximum Weakest
20 Day Bollinger Bands Hold Bearish
40 Day Commodity Channel Index Hold Bearish
50 Day Moving Average vs Price Hold Bearish
Medium-Term Indicators
20 - 100 Day MACD Oscillator Buy Maximum Weakest
50 Day Parabolic Time/Price Sell Strong Strongest
60 Day Commodity Channel Index Hold Bearish
Long-Term Indicators 100 Day Moving Average vs Price Buy Average Weakest
50 - 100 Day MACD Oscillator Buy Maximum Strongest

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 Tesla, Inc.
(NASDAQ: TSLA)
July 4, 2017

Key Statistics & Ratios

Valuation Ratios
Company Industry Sector
P/E Ratio (TTM) 0.00 19.19 21.90
P/E High - Last 5 Yrs. 0.00 20.86 35.81
P/E Low - Last 5 Yrs. 0.00 13.06 13.96
Beta 1.07 1.37 1.33
Price to Sales (TTM) 6.95 1.87 4539.79
Price to Book (MRQ) 11.90 2.76 2.88
Price to Tangible Book (MRQ) 13.03 3.03 3.30
Price to Cash Flow (TTM) 212.68 11.99 507811.97
Price to Free Cash Flow (TTM) N/A N/A N/A
% Owned Institutions 66.0% 0.0% 0.2%

Growth Rates
Company Industry Sector
Sales (MRQ) vs Qtr. 1 Yr. Ago 135.1% 17.4% 17.8%
Sales (TTM) vs TTM 1 Yr. Ago 101.0% 3.1% 3.8%
Sales - 5 Yr. Growth Rate 102.8% 3.0% 3.8%
EPS (MRQ) vs Qtr. 1 Yr. Ago 4.3% 56.3% 83.6%
EPS (TTM) vs TTM 1 Yr. Ago 38.8% 0.0% 0.0%
EPS - 5 Yr. Growth Rate 0.0% 0.2% 1.5%
Capital Spending - 5 Yr. Growth 50.9% -3.4% -0.2%
Rate
Management Effectiveness
Financial Strength Company Industry Sector
Company Industry Sector Return On Assets (TTM) -5.2% 7.2% 7.2%
Quick Ratio (MRQ) 0.77 1.08 1.18 Return On Assets - 5 Yr. Avg. -8.3% 8.6% 8.4%
Current Ratio (MRQ) 1.13 1.29 1.45 Return On Investment (TTM) -7.5% 12.4% 12.0%
LT Debt to Equity (MRQ) 143.68 32.09 31.63 Return On Investment - 5 Yr Avg -12.5% 14.6% 13.8%
Total Debt to Equity (MRQ) 163.79 70.93 67.52 Return On Equity (TTM) -24.3% 14.4% 14.1%
Interest Coverage (TTM) -6.62 0.67 6.67 Return On Equity - 5 Yr. Avg. -44.1% 18.8% 17.6%

Profitability Efficiency
Company Industry Sector Company Industry Sector
Gross Margin (TTM) 23.6% 20.4% 23.9% Revenue/Employee (TTM) 480,787
Gross Margin - 5 Yr. Avg. 23.3% 19.8% 22.7% Net Income/Employee (TTM) -49,936
EBITD Margin (TTM) 5.7% 0.0% 0.0% Receivable Turnover (TTM) 22.55 10.78 12.28
EBITD - 5 Yr. Avg. -1.7% 36.5% 23.3% Inventory Turnover (TTM) 3.71 8.03 10.28
Operating Margin (TTM) -7.9% 12.5% 12.6% Asset Turnover (TTM) 0.50 0.71 0.74
Operating Margin - 5 Yr. Avg. -12.2% 40.5% 35.7%
Pre-Tax Margin (TTM) -9.8% 15.2% 14.9%
Dividends
Company Industry Sector
Pre-Tax Margin - 5 Yr. Avg. -14.2% 43.7% 38.4%
Dividend Yield 0.0% 2.0% 1.9%
Net Profit Margin (TTM) -10.4% 12.9% 12.3%
Dividend Yield - 5 Year Avg. 0.0% 2.6% 2.3%
Net Profit Margin - 5 Yr. Avg. -14.6% 40.6% 35.2%
Dividend 5 Year Growth Rate 0.0% 3.7% 4.8%
Effective Tax Rate (TTM) 0.0% 18.8% 20.4%
Payout Ratio (TTM) 0.0% 14.9% 16.8%
Effective Tax Rate - 5 Yr. Avg. 0.0% 20.1% 21.6%

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 Tesla, Inc.
(NASDAQ: TSLA)
July 4, 2017

Earnings & Analyst Data

EPS Estimates Dividend Payments
# of Ests. Mean Est. High Est. Low Est. Dividend Ex-dividend Date Payable
Quarter Ending Sep-17 16 -$1.54 -$0.32 -$2.91 Amount Date
Quarter Ending Dec-17 16 -$1.53 -$0.01 -$2.93
Year Ending Dec-17 18 -$5.79 -$2.30 -$10.14
Year Ending Dec-18 20 -$0.84 $3.37 -$6.57

EPS Historical Surprises

Estimates Actual Difference Surprise %
Quarter Ending Mar-17 -$0.83 -$1.33 $0.50 -61.02%
Quarter Ending Dec-16 -$0.43 -$0.69 $0.26 -60.69%
Quarter Ending Sep-16 -$0.57 $0.71 $1.28 -223.48%
Quarter Ending Jun-16 -$0.52 -$1.06 $0.54 -103.73%
Quarter Ending Mar-16 -$0.58 -$0.57 $0.01 -2.38%

Analyst Recommendation Summary

1-5 Linear Scale Current 1 Month Ago 2 Months 3 Months
Month Ago Ago
(1) BUY 3 2 2 2
(2) OUTPERFORM 3 3 5 3
(3) HOLD 8 9 8 9
(4) UNDERPERFORM 5 5 5 5
(5) SELL 1 1 1 1
Mean Rating 2.90 3.00 2.90 3.00
Current Consensus Hold

Analyst Upgrades & Downgrades

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 Tesla, Inc.
(NASDAQ: TSLA)
July 4, 2017

Financial Statements
Figures in Millions of US Dollars (exept per share values)

Balance Sheet Annual Quarterly

Period Ending 31-Dec-16 31-Dec-15 31-Dec-14

Assets
Cash And Cash Equivalents 3,499 1,220 1,924 - - - -
Short Term Investments -- -- -- - - - -
Net Receivables 499 169 227 - - - -
Inventory 2,067 1,278 954 - - - -
Other Current Assets 194 116 76 - - - -
Total Current Assets 6,260 2,782 3,180 - - - -
Long Term Investments 506 -- -- - - - -
Property Plant and Equipment 9,117 5,195 2,596 - - - -
Goodwill -- -- -- - - - -
Intangible Assets 376 13 -- - - - -
Accumulated Amortization -- -- -- - - - -
Other Assets 6,405 78 55 - - - -
Deferred Long Term Asset Charges -- -- -- - - - -
Total Assets 22,664 8,068 5,831 - - - -

Liabilities
Accounts Payable 3,070 1,339 1,047 - - - -
Short/Current Long Term Debt 1,150 628 611 - - - -
Other Current Liabilities 1,606 844 449 - - - -
Total Current Liabilities 5,827 2,811 2,107 - - - -
Long Term Debt 5,970 2,021 1,819 - - - -
Other Liabilities 4,102 1,659 643 - - - -
Deferred Long Term Liability Charges 852 446 292 - - - -
Total Liabilities 17,535 6,937 4,861 -

Stockholders Equity
Misc Stocks Options Warrants -- -- -- - - - -
Redeemable Preferred Stock -- -- -- - - - -
Preferred Stock -- -- -- - - - -
Common Stock 0 0 0 - - - -
Retained Earnings (2,997) (2,322) (1,434) - - - -
Treasury Stock -- -- -- - - - -
Capital Surplus 7,774 3,409 2,345 - - - -
Other Stockholder Equity (24) (4) (0) - - - -
Total Stockholder Equity 4,753 1,084 912 - - - -
Net Tangible Assets (Book Value) 4,377 1,071 912 - - - -

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 Tesla, Inc.
(NASDAQ: TSLA)
July 4, 2017

Income Statement Annual Quarterly

Period Ending 31-Dec-16 31-Dec-15 31-Dec-14
Total Revenue 7,000 4,046 3,198 -- -- -- --
Cost of Revenue 5,401 3,123 2,317 -- -- -- --
Gross Income 1,599 924 882 -- -- -- --
Research and Development 1,432 922 604 -- -- -- --
Selling General and Administrative -- -- -- -- -- -- --
Non Recurring -- -- -- -- -- -- --
Others -- -- -- -- -- -- --
Total Operating Expenses 1,432 922 604 -- -- -- --
Operating Income or Loss (667) (717) (187) -- -- -- --
Total Other Income(Expenses) Net 120 (40) 3 -- -- -- --
Earnings Before Interest And Taxes (548) (757) (184) -- -- -- --
Interest Expense 199 119 101 -- -- -- --
Income Tax Expense (746) (876) (285) -- -- -- --
Net Income From Continuing Ops (675) (889) (294) -- -- -- --
Other Items not from Continuing Operations -- -- -- -- -- -- --
Net Income attributable to the Company (675) (889) (294) -- -- -- --
Preferred Stock And Other Adjustments -- -- -- -- -- -- --
Net Income Applicable To Common Shares (675) (889) (294) -- -- -- --

Cash Flow Statement Annual Quarterly

Period Ending 31-Dec-16 31-Dec-15 31-Dec-14
Net Income (675) (889) (294) -- -- -- --

Operating Activities
Depreciation 1,034 495 302 -- -- -- --
Adjustments To Net Income 309 363 192 -- -- -- --
Changes In Accounts Receivables (213) 46 (184) -- -- -- --
Changes In Liabilities 1,981 1,088 1,042 -- -- -- --
Changes In Inventories (2,466) (1,574) (1,050) -- -- -- --
Changes In Other Operating Activities 4 (54) (65) -- -- -- --
Total Cash Flow From Operating Activities (124) (524) (57) -- -- -- --
Investing Activities
Capital Expenditures (1,440) (1,635) (970) -- -- -- --
Investments 17 17 (17) -- -- -- --
Other Cash flows from Investing Activities 7 (39) (4) -- -- -- --
Total Cash Flows From Investing Activities (1,416) (1,674) (990) -- -- -- --

Financing Activities
Dividends Paid (21) (21) (21) -- -- -- --
Sale Purchase of Stock 2,067 857 490 -- -- -- --
Net Borrowings 1,718 684 2,292 -- -- -- --
Other Cash Flows from Financing Activities -- -- -- -- -- -- --
Total Cash Flows From Financing Activities 3,744 1,524 2,143 -- -- -- --
Effect Of Exchange Rate Changes (7) (34) (36) -- -- -- --
Other Liabilities 4,102 1,659 643 - - - -

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 Tesla, Inc.
(NASDAQ: TSLA)
July 4, 2017

Company Insiders

Company Officers
Name Age Since Current Position Basic Compensation Options Options Value
Hugh Grant 58 2012 Chairman of the Board, Chief Executive Officer $11,841,000 1,791,440 $59,207,700
Brett Begemann 56 2013 President, Chief Operating Officer $5,657,880 27,980 $461,112
Pierre Courduroux 51 2011 Chief Financial Officer, Senior Vice President $2,901,340 8,200 $503,572
Steven Mizell 56 2016 Chief Human Resource Officer, Executive Vice President $5,223,530 -- --
Robert Fraley 63 2000 Executive Vice President, Chief Technology Officer $3,415,610 471,736 $13,954,593
David Snively 62 2010 Executive Vice President, General Counsel, Secretary $2,520,910 21,380 $763,055
Kerry Preete 56 2016 Executive Vice President and Chief Strategy Officer $4,259,120 25,490 $435,528
Michael Frank 52 2016 Senior Vice President, Chief Commercial Officer $3,688,540 -- --
Janet Holloway 62 2007 Senior Vice President, Chief of Staff and Community -- -- --
Relations
Nicole Ringenberg 55 2009 Vice President, Controller -- -- --
Duraiswami Narain 53 2015 Vice President, Treasurer -- -- --
Michael Stern 55 2016 Vice President, Chief Executive Officer - Climate -- -- --
Robert Stevens 65 2011 Lead Independent Director $335,012 -- --
Dwight Barns 53 2016 Independent Director $367,471 -- --
Gregory Boyce 62 2016 Independent Director $250,056 -- --

Insider Transactions
Trading Date Name Title Type Shares Traded Price
5 Jun 2017 Field (John Douglas) Officer Sell 297 $344.71
5 Jun 2017 Field (John Douglas) Officer Sell 1890 $344.71
5 Jun 2017 Field (John Douglas) Officer Sell 279 $344.71
5 Jun 2017 McNeill (Jon) Officer Sell 201 $344.70
5 Jun 2017 Field (John Douglas) Officer Sell 100 $344.70
4 Jun 2017 Field (John Douglas) Officer Buy 189 $0.00
4 Jun 2017 Field (John Douglas) Officer Buy 530 $0.00
4 Jun 2017 Field (John Douglas) Officer Buy 3593 $0.00
4 Jun 2017 Field (John Douglas) Officer Buy 563 $0.00
31 May 2017 Musk (Kimbal) Director Sell 800 $343.42
31 May 2017 Musk (Kimbal) Director Buy 2500 $29.66
31 May 2017 Musk (Kimbal) Director Sell 500 $344.11
31 May 2017 Musk (Kimbal) Director Sell 245 $340.69
31 May 2017 Musk (Kimbal) Director Sell 91 $340.35
31 May 2017 Musk (Kimbal) Director Sell 955 $343.40
31 May 2017 Musk (Kimbal) Director Sell 800 $341.89
31 May 2017 Musk (Kimbal) Director Sell 800 $341.76
31 May 2017 Musk (Kimbal) Director Sell 500 $344.15
24 May 2017 Gracias (Antonio J) Director Buy 466 $0.00
24 May 2017 Gracias (Antonio J) Director Sell 46633 $0.00

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 Tesla, Inc.
(NASDAQ: TSLA)
July 4, 2017

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