inventory breakdown

7/23/2019 Inventory Breakdown

1/92

Created by EDGAR Online, Inc.

TESLA MOTORS INC

TABLE1

For Ty!e" 1#$%

&eriod End" Dec '1, (#1)

Date Filed" Feb (*, (#1+

Tesla Motors, Inc.

(Exact name of registrant as specified in its charter)

Delaware 91-19!!9("tate or other #$risdiction of (I.%.". Emplo&er

incorporation or organi'ation) Identification o.)

*++ Deer ree %oadalo /lto, alifornia 90+0(/ddress of principal exec$tie offices) (2ip ode)

(3*+) 341-*+++


2/92


TESLA MOTORS INC

TABLE(

For Ty!e" 1#$%



/pproximate"i'e (5$ilding)

6ocation in "7$are 8eet rimar& se8remont, *,0++,+++ Man$fact$ring, administration,alifornia engineering serices, parts

wareho$sing, and ehicle sericealo /lto, *+,+++ orporate head7$arters,alifornia administration, engineering

serices and powertraindeelopment serices

Til:$rg, +,!! /dministration, engineeringetherlands serices, powertrain deelopmentserices, parts wareho$sing,final ehicle assem:l& andehicle serice

6athrop, 0+,!!+ Man$fact$ringalifornia/msterdam, !1,10 /dministrationetherlands;awthorne, 1,*+


3/92

6easeExpirationDate>wned :$ilding

?an$ar& ++

oem:er +

>wned :$ilding (1)

8e:r$ar& +0

Decem:er +

oem:er +1*

oem:er +1!


4/92


TESLA MOTORS INC

TABLE'

For Ty!e" 1#$%



Maret Information

>$r common stoc has traded on The /"D/@ Alo:al "elect Maret $nder the s&m:olBT"6/B since it :egan trading on ?$ne 9, +1+. >$r initial p$:lic offering waspriced at C1!.++ per share on ?$ne 4, +1+. The following ta:le sets forth, forthe time period indicated, the high and low closing sales price of o$r common

stoc as reported on The /"D/@ Alo:al "elect Maret.

+10 +1;igh 6ow ;igh 6ow8irst @$arter C *0.40 C 19.0 C 9.04 C .91"econd @$arter 0+.+3 1!4.*9 11+. 0+.*+Third @$arter 43.+0 1*.0+ 19.! 1+9.+*8o$rth @$arter 3+.3 19!.41 19.++ 1+.*+


5/92


TESLA MOTORS INC

TABLE)

For Ty!e" 1#$%



+10 +1(in tho

onsolidated "tatements of>perations DataTotal reen$es C ,194,*3 C ,+1,093Aross profit 441,3!1 0*3,36oss from operations (143,349) (31,4)et loss C (90,+0+) C (!0,+10)et loss per share of common

stoc, :asic and dil$ted (1) C (.3) C (+.3)eighted aerage shares $sedin comp$tingnet loss per share ofcommon stoc,:asic and dil$ted (1) 10,*!,01* 119,01,010


6/92

Fear Ended Decem:er 1,+1 +11 +1+

$sands, except share and per share data)

C 01,*3 C +0,0 C 113,!00+,+3! 31,*9* +,!1

(90,4) (*1,044) (103,44)C (93,1) C (*0,011) C (1*0,4)

C (.39) C (.*) C (.+0)

1+!,09,144 1++,44,41* *+,!14,+


7/92


TESLA MOTORS INC

TABLE+

For Ty!e" 1#$%



+10 +1onsolidated 5alance "heetDataoring capital (deficit) C 1,+91,091 C *9+,!!9Total assets *,409,*1 ,013,9+Total long-term o:ligations(1)() ,!!,1!9 1,+!0,3*+


8/92

/s of Decem:er 1,+1 +11 +1+

C (10,0+) C 141,099 C 1*+,11,110,19+ !1,004 43,+4

0*+,4 94,+30 9,039


9/92


TESLA MOTORS INC

TABLE*

For Ty!e" 1#$%



%een$es

/$tomotie "ales

/$tomotie sales, which incl$de ehicle, options and relapowertrain component and related sales, consisted of the

periods presented (in tho$sands)

+10


10/92

ted sales, and ollowing for the

Fear Ended Decem:er 1, +1 +1C 1,9*,340 C *0,00

0*,1+ 1,**C 1,99!,!43 C 4*,399


11/92


TESLA MOTORS INC

CAS-FLO

For Ty!e" 1#$%



"$mmar& of ash 8lows

+10et cash proided :& ($sed in) operatingactiities C (*!,!)et cash $sed in inesting actiities (99+,000)et cash proided :& financing actiities ,10,1+


12/92

Fear Ended Decem:er 1,+1 +1

C 30,4+0 C (3,41*)(09,01!) (+3,9+)3*,0 019,3*


13/92


TESLA MOTORS INC

TABLE/

For Ty!e" 1#$%



Total +1*>perating lease o:ligations C 0+3,!4 C *3,*apital lease o:ligations,incl$ding interest ,0+ 1+,1*$rchase o:ligations (1)() *3,9!3 *9,**1+14 otes, incl$ding interest() 390,0++ 390,0+++19 otes, incl$ding interest 9+,*+ ,++

+1 otes, incl$ding interest 1,09,1* 1!,*+Total C 0,1+9,+*0 C 1,1+,1!3


14/92

Fear Ended Decem:er 1,+19 and

+13 +1! +14 thereafter C 3+,13 C *3,*33 C 04,9*9 C 140,3++

4,11 ,*9 *3+,+** 1,!+ - -

- GGG - -,++ ,++ ,++ 91,1*+

1!,*+ 1!,*+ 1!,*+ 1,0,1*C 1+!,4* C 9,+!4 C 39,+! C ,*4,4!*


15/92


TESLA MOTORS INC

BALANCE-SEET

For Ty!e" 1#$%



Tesla Motors, Inc.

onsolidated 5alance "heets

(in tho$sands, except share and per share data)

Decem:er 1, +10/ssets$rrent assetsash and cash e7$ialents C 1,9+*,!1%estricted cash and mareta:le sec$rities 1!,90!/cco$nts receia:le 3,3+0Inentor& 9*,3!*repaid expenses and other c$rrent assets 90,!14Total c$rrent assets ,194,3*!>perating lease ehicles, net !33,!00ropert&, plant and e7$ipment, net 1,49,3!%estricted cash 11,!0>ther assets 0,+9Total assets C *,409,*16ia:ilities and "tocholdersH E7$it&$rrent lia:ilities/cco$nts pa&a:le C !!!,903/ccr$ed lia:ilities 34,440Deferred reen$e 191,3*1apital lease o:ligations, c$rrent portion 9,*$stomer deposits *!,*4!onerti:le senior notes 3+1,*33Total c$rrent lia:ilities ,1+!,133apital lease o:ligations, less c$rrent portion 1,3!

Deferred reen$e, less c$rrent portion 9,!1onerti:le senior notes, less c$rrent portion 1,4+3,*14%esale al$e g$arantee 04!,4!9>ther long-term lia:ilities 1!,00Total lia:ilities 0,4!9,0*ommitments and contingencies (ote 11)onerti:le senior notes (otes 3) *4,193"tocholdersH e7$it&referred stoc C+.++1 par al$e 1++,+++,+++shares a$thori'ed no sharesiss$ed and o$tstanding -ommon stoc C+.++1 par al$e ,+++,+++,+++ shares

a$thori'ed as ofDecem:er 1, +10 and +1,respectiel& 1*,34!,3+! and 1,+9+,99+


16/92

shares iss$ed and o$tstanding as of Decem:er 1,+10 and +1, respectiel& 13/dditional paid-in capital ,0*,33/cc$m$lated deficit (1,0,34)Total stocholdersH e7$it& 911,!1+Total lia:ilities and stocholdersH e7$it& C *,409,*1


17/92

Decem:er 1, +1

C 40*,449,+1

09,1+90+,**!,*!0

1,3*,994,0*!4,090

3,0*,3!

C ,013,9+

C +,9391+4,*91,44

!,!13,1*

143!*,13+1,4**

141,14+*43,1193,99*4,19!

1,!09,41+

-

-


18/92

11,4+3,31!

(1,19,3+)33!,1+

C ,013,9+


19/92


TESLA MOTORS INC

INCOME-STATEMENT

For Ty!e" 1#$%



Tesla Motors, Inc.

onsolidated "tatements of >perations


+10%een$es/$tomotie sales C ,19,!Deelopment serices *,3Total reen$es ,194,*3ost of reen$es/$tomotie sales ,1+,+11Deelopment serices 3,3!0Total cost of reen$es ,13,34*Aross profit 441,3!1>perating expenses%esearch and deelopment 030,!++"elling, general and administratie 3+,33+Total operating expenses 1,+34,3+6oss from operations (143,349)Interest income 1,13Interest expense (1++,443)>ther income (expense), net 1,416oss :efore income taxes (40,33)roision for income taxes 9,0+0et loss C (90,+0+)et loss per share of common stoc, :asic anddil$ted C (.3)eighted aerage shares $sed in comp$ting net

loss per share ofcommon stoc, :asic and dil$ted 10,*9,0


20/92

Fear Ended Decem:er 1, +1 +1

C 1,99!,!43 C 4*,3991*,!1+ !,**!

,+1,093 01,*3

1,*0,4!4 !1,3*41,*3 11,*1

1,**!,0 4,1490*3,3 +,+3!

1,9!3 !,9!44*,*39 1*+,!*1!,*0* 00,*+(31,4) (90,4)

149 44(,90) (*0),3+ (1,44)

(!1,03) (93,+!!),*44 13

C (!0,+10) C (93,1)

C (+.3) C (.39)

119,01,010 1+!,09,144


21/92


TESLA MOTORS INC

TABLE0

For Ty!e" 1#$%



Tesla Motors, Inc.

onsolidated "tatements of omprehensie 6oss

(in tho$sands)

+10

et loss C (90,+0+)>ther comprehensie income (loss), net oftaxnreali'ed net loss on short-term mareta:lesec$rities ()%eclassification ad#$stment for gain incl$dedin net loss ->ther comprehensie income (loss) ()omprehensie loss C (90,+3)


22/92


C (!0,+10) C (93,1)

- GGG

- -

C (!0,+10) C (93,1+)


23/92


TESLA MOTORS INC

STOC%OLDERS-E2IT3

For Ty!e" 1#$%



Tesla Motors, Inc.

onsolidated "tatements of "tocholdersH E7$it&


ommon "toc

"hares /mo$nt5alance as of Decem:er 1, +11 1+0,*+,+* C 1+0Iss$ance of common stoc in >cto:er+1 p$:lic offeringat C4.* per share, net ofiss$ance costs of C*40 !,930,3+1 4Iss$ance of common stoc $ponexercise of stoc options,net of rep$rchases 1,0*,40 Iss$ance of common stoc $nderemplo&ee stoc p$rchaseplan !,*3 1"toc-:ased compensation - GGGomprehensie losset loss - GGGnreali'ed loss on short-termmareta:le sec$rities,net - GGGTotal comprehensie loss - GGG5alance as of Decem:er 1, +1 110,10,!0 11*Iss$ance of common stoc in Ma& +1p$:lic offering atC9.+ per share, net of iss$ancecosts of C3,3! ,9+,43

Iss$ance of common stoc in Ma& +1conc$rrent priateplacements at C9.+ per share *93,! 1onersion feat$re of conerti:lesenior notes d$e +14 - GGG$rchase of :ond hedges - GGG"ales of warrant - GGGIss$ance of common stoc $ponexercise of stoc options ,4*,3! Iss$ance of common stoc $ponrelease of restricted stoc$nits, net of shares withheld for

emplo&ee taxes 3,133 -Iss$ance of common stoc $nderemplo&ee stoc p$rchase


24/92

plan *14,!0 1"toc-:ased compensation - GGGet loss - GGG5alance as of Decem:er 1, +1 1,+9+,99+ 1onersion feat$re of conerti:lesenior notes d$e

+19 and +1 - GGG$rchase of :ond hedges - GGG"ales of warrant - GGG%eclass from e7$it& to me''aninee7$it& - GGGIss$ance of common stoc $ponexercise of stoc options ,33,394 Iss$ance of common stoc $ponrelease of restricted stoc$nits, net of shares withheld foremplo&ee taxes 133,19 1Iss$ance of common stoc $nder

emplo&ee stoc p$rchaseplan 13,3++ -"toc-:ased compensation - GGGomprehensie losset lossnreali'ed gain on short-termmareta:le sec$rities,net - GGGTotal comprehensie loss5alance as of Decem:er 1, +10 1*,34!,3+! C 13


25/92

/cc$m$lated/dditional >ther Total

aid-In /cc$m$lated omprehensie "tocholdersHapital Deficit 6oss E7$it&C 49,! C (339,9) C () C 0,+0*

1,04 - GGG 1,091

13,094 - GGG 13,*++

4,44 - GGG 4,49*+,04* - GGG *+,04*

- (93,1) - (93,1)

- - - - GGG (93,1+)

1,19+,191 (1,+3*,3+3) - 10,!++

*,39 - GGG *,3

**,+++ - GGG **,++1

4,40 - GGG 4,40(1!!,*0+) - GGG (1!!,*0+)1+,14 - GGG 1+,14

4,*!+ - GGG 4,*!

(1,113) - GGG (1,113)


26/92

1,404 - GGG 1,40943,4!* - GGG 43,4!*

- (!0,+10) - (!0,+10)1,4+3,31! (1,19,3+) - 33!,1+

*04,3+ - GGG *04,3+(3+,04) - GGG (3+,04)49,13+ - GGG 49,13+

(*4,199) - GGG (*4,199)

!,+* - GGG !,+**

(19+) - GGG (149)

4,*!1 - GGG 4,*!113,+!9 - GGG 13,+!9

(90,+0+) (90,+0+)

- - () ()(90,+3)

C ,0*,33 C (1,0,33+) C () C 911,!1+


27/92


TESLA MOTORS INC

CAS-FLO(

For Ty!e" 1#$%



Tesla Motors, Inc.

onsolidated "tatements of ash 8lows

(in tho$sands)

+10ash 8lows 8rom >perating /ctiitieset loss C (90,+0+)/d#$stments to reconcile net loss to net cashproided :& ($sed in)operating actiitiesDepreciation and amorti'ation 1,91"toc-:ased compensation 1*3,093/morti'ation of disco$nt on conerti:le de:t 39,!0Inentor& write-downs 1*,3+9/morti'ation of Department of Energ& (D>E)loan origination costs -hange in fair al$e of D>E warrant lia:ilit& -8ixed asset disposal 10,1!4>ther non-cash operating actiities !,0!18oreign c$rrenc& transaction (gain) loss (1,491)hanges in operating assets and lia:ilities/cco$nts receia:le (14,3*4)Inentories and operating lease ehicles (1,+*+,30)repaid expenses and other c$rrent assets (3+,3!)>ther assets (0,09)/cco$nts pa&a:le *,!41/ccr$ed lia:ilities 13,+!*Deferred reen$e +9,341

$stomer deposits 1+3,+%esale al$e g$arantee 09,09>ther long-term lia:ilities 31,934et cash proided :& ($sed in) operatingactiities (*!,!)ash 8lows 8rom Inesting /ctiities$rchases of propert& and e7$ipment excl$dingcapital leases (939,44*)ithdrawals o$t of o$r dedicated D>E acco$nt,net -(Increase) decrease in other restricted cash (,409)$rchases of short-term mareta:le sec$rities (+*,401)

Mat$rities of short-term mareta:lesec$rities 149,11et cash $sed in inesting actiities (99+,000)


28/92

ash 8lows 8rom 8inancing /ctiitiesroceeds from iss$ance of conerti:le de:t ,++,+++roceeds from iss$ance of common stoc inp$:lic offering -roceeds from iss$ance of warrants 49,13+roceeds from exercise of stoc options and

other stoc iss$ances 1++,0**roceeds from iss$ance of common stoc inpriate placement -rincipal pa&ments on D>E loans -$rchase of conerti:le note hedges (3+,04)ommon stoc and conerti:le de:t iss$ancecosts (*,109)rincipal pa&ments on capital leases andother de:t (11,1!9)ollaterali'ed lease :orrowing ,!1roceeds from D>E loans -et cash proided :& financing actiities ,10,1+

Effect of exchange rate changes on cash andcash e7$ialents (*,**)et increase (decrease) in cash and cashe7$ialents 1,+*9,40ash and cash e7$ialents at :eginning ofperiod 40*,449ash and cash e7$ialents at end of period C 1,9+*,!1"$pplemental Disclos$resInterest paid C +,*9Income taxes paid ,1+"$pplemental noncash inesting actiities/c7$isition of propert& and e7$ipmentincl$ded in acco$nts pa&a:leand accr$ed lia:ilities *0,9Estimated fair maret al$e of facilities$nder :$ild-to-s$it lease *+,+!3


29/92

Fear Ended Decem:er 1, +1 +1

C (!0,+10) C (93,1)

1+3,+4 4,4*4+,!! *+,10*9,10 -4,914 0,99

*,**4 -(1+,39) 1,4*0

1,!93 1*01,41* 1,0+3

(1,094) 10

(1,!+*) (1!,+)(03+,*31) (190,!3)

(1!,*) 1,11(00) (04)

+,99* 149,90033,014 9,3+

34,+94 (*3)

0,*0 0!,+*33,99 -,+! 1+,**

30,4+0 (3,41*)

(30,0) (9,4)

10,!* 4,3+** (1,+)

- (10,99)

- 0+,+++(09,01!) (+3,9+)


30/92

33+,+++ -

3+,+++ 1,0931+,14 -

9*,+! 0,44*

**,+++ -(0*,!) (1,!1+)(1!!,*0+) -

(13,9+1) -

(4,0*) (,4) - GGG - 144,!93

3*,0 019,3*

(3,41+) (,33)

30,999 (*,!3)

+1,49+ **,33C 40*,449 C +1,49+

C 9,+01 C 3,94*! 11!

4,!49 00,49+

- GGG


31/92


TESLA MOTORS INC

TABLE4

For Ty!e" 1#$%



Fear endedDecem:er 1, +10

>perating lease ehicles $nder the resale al$eg$aranteeprogram-:eginning of period C !3,9!9Increase in operating lease ehicles $nder theresale al$eg$arantee program 4+,3!Depreciation expense recorded in cost of a$tomotiesales 3,1+*

/dditional depreciation expense recorded in cost ofa$tomotie sales as a res$lt of earl& cancellationof resaleal$e g$arantee 9,911>perating lease ehicles $nder the resale al$eg$aranteeprogram-end of period C 340,*9+Deferred reen$e related to the resale al$eg$aranteeprogram-:eginning of period C +,4*3Increase in deferred reen$e related to Model "delierieswith resale al$e g$arantee !4,9!/morti'ation of deferred reen$e recorded ina$tomotie sales 114,*3!/dditional reen$e recorded in a$tomotie sales as ares$lt of earl& cancellation of resale al$eg$arantee 9,*9+Deferred reen$e related to the resale al$eg$aranteeprogram-end of period C 41,+93%esale al$e g$arantee lia:ilit&-:eginning of period C 3,94Increase in resale al$e g$arantee 3+,14/dditional reen$e recorded in a$tomotie sales as ares$lt of earl& cancellation of resale al$e

g$arantee 4,**!%esale al$e g$arantee lia:ilit&-end of period C 04!,4!9


32/92

Fear endedDecem:er 1, +1

C -

93,31

1!,1!1

,11

C !3,9!9

C -

*9,93

!,3*0

1,0*

C +,4*3C -

!,3+

1,C 3,94


33/92


TESLA MOTORS INC

TABLE1#

For Ty!e" 1#$%



Decem:er 1, Decem:er 1,+10 +1

$stomer / 19J -$stomer 5 10J +J$stomer 1J 0J


34/92


TESLA MOTORS INC

TABLE11

For Ty!e" 1#$%



ropert&, lant and E7$ipment

ropert&, plant and e7$ipment are recogni'ed at cost less acc$m$lateddepreciation. Depreciation is generall& comp$ted $sing the straight-line method

oer the estimated $sef$l lies of the related assets as follows

Machiner&, e7$ipment and office f$rnit$re to 1 &ears5$ilding and :$ilding improements + &ears

omp$ter e7$ipment and software &ears


35/92


TESLA MOTORS INC

TABLE1(

For Ty!e" 1#$%




/ccr$ed warrant&-:eginning ofperiod C *,14 C 1,+1arrant& costs inc$rred (9,9+) (19,13+)et changes in lia:ilit& forpre-existing warranties,incl$ding expirations 14,*99 (,+!)roision for warrant& 9!,13* 31,0+1/ccr$ed warrant&-end of period C 19,+0 C *,14


36/92

+1

C 3,1*(,00)

-1+,1

C 1,+1


37/92


TESLA MOTORS INC

TABLE1'

For Ty!e" 1#$%




"toc options 3+,4* 1,441,**onerti:le senior notes ,00,994 011,*3+arrants iss$ed Ma& +1 91,94* -Emplo&ee stoc p$rchase plan ,4*9 ,93%estricted stoc $nits 44,1 0D>E warrant - 1,+31,09


38/92

+1*,++!,!!3

--

*9,!3-

,0,*


39/92


TESLA MOTORS INC

TABLE1)

For Ty!e" 1#$%



Inentor&

/s of Decem:er 1, +10 and +1, o$r inentor& consisted of the following (in

tho$sands)

Decem:er 1,+1+

%aw materials C 1*,93or in process 0,*48inished goods +,1*"erice parts 0,*4

Total C 0*,14


40/92

Decem:er 1Decem:er 1, Decem:er 1, Decem:er 1,+11 +1 +1 +10

C 1,+9* C 13,3! C 140,33* C 9,9,33* 0,** 0,*++ *3,110

3,1+ 3,**9 39,0 9!,144,+ 1!,!! 0,433 1+!,9*1

C *+,+4 C 34,*+0 C 0+,** C 9*,3!*

2010 2011 2012 2013 2014

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%Inventory Breakdown

Service parts

Finished

goods

Work in

process

Ra !ateria"s


41/92


TESLA MOTORS INC

TABLE1+

For Ty!e" 1#$%



ropert&, lant and E7$ipment

/s of Decem:er 1, +10 and +1, o$r propert&, plant and e7$ipment, net,consisted of the following (in tho$sands)

Decem:er 1,+10

Machiner&, e7$ipment and office f$rnit$re C !+,!03

Tooling 9*,9+36easehold improements +,!+5$ilding and :$ilding improements 1*0,36and 09,0!4omp$ter e7$ipment and software 94,9!+onstr$ction in progress *!,1*

,11,4*!6ess /cc$m$lated depreciation and amorti'ation (9,*9+)Total C 1,49,3!


42/92

Decem:er 1,+1

C ,90

+,4*90,!33!,!+!0*,++0,+!!3,90

4!4,33(10+,10)

C !4,090


43/92


TESLA MOTORS INC

TABLE1*

For Ty!e" 1#$%



/ccr$ed 6ia:ilities

/s of Decem:er 1, +10 and +1, o$r accr$ed lia:ilities consisted of thefollowing (in tho$sands)

Decem:er 1,+10

Taxes pa&a:le C !1,9

/ccr$ed p$rchases 34,*0!a&roll and related costs *0,09/ccr$ed warrant&, c$rrent portion ,15$ild to s$it finance o:ligation, c$rrent portion 1,++/ccr$ed interest !,Enironmental lia:ilities, c$rrent portion ,*!>ther 1+,0!+Total C 34,440


44/92

Decem:er 1,+1

C 4,+3!

19,+3,**19,91!

-!01

,11,4!

C 1+4,*


45/92


TESLA MOTORS INC

TABLE1/

For Ty!e" 1#$%



Decem:er 1, +108air


46/92

Decem:er 1, +18air


47/92


TESLA MOTORS INC

TABLE10

For Ty!e" 1#$%



Fear Ended Decem:eAross nreali'ed

/morti'ed ost Aains.". treas$r& :ills C 13,39* C -


48/92

1, +10Aross nreali'ed6osses 8air


49/92


TESLA MOTORS INC

TABLE14

For Ty!e" 1#$%



Fear EndedDecem:er 1, +1

8air al$e, :eginning of period C 1+,39hange in fair al$e (1+,39)8air al$e, end of period C -


50/92


TESLA MOTORS INC

TABLE(#

For Ty!e" 1#$%



ontract$al >:ligations

/s of Decem:er 1, +10, aggregate f$t$re principal pa&ments for o$r conerti:lesenior notes were as follows (in tho$sands)

Fears ending Decem:er 1,+1* C 3*9,!9*+13 -

+1! -+14 -+19 9+,+++

Thereafter 1,4+,+++Total C ,9*9,!9*


51/92


TESLA MOTORS INC

TABLE(1

For Ty!e" 1#$%



>$tstanding "toc >ptions

"hares /aila:le $m:er of for Arant >ptions

5alance, Decem:er 1, +11 9,919,1+! 1*,4+3,33/dditional options resered 1,+30,+03 -Aranted (11,4*0,901) 11,4*0,901Exercised (1,1,09)ancelled 1,01,19 (1,01,49)

5alance, Decem:er 1, +1 039,*1 *,++!,!!3/dditional options resered ,03,04 -Aranted (,0*,499) ,30,41Exercised - (,4*,3!)ancelled 1,1!+,00* (1,1*!,94)%eleased - -5alance, Decem:er 1, +1 1,!+,*+* ,30+,90/dditional options resered ,+!!,!0 -Aranted (,**,03) 1,0,1!1Exercised - (,33,39!)ancelled **3,!3* (0,0*3)%eleased - -Traded for taxes 3,!43 -5alance, Decem:er 1, +10 ,43,+40 1,!,93+


52/92

>$tstanding %"seighted

eighted /erage Arant/erage $m:er Date 8airExercise rice of %"s


53/92


TESLA MOTORS INC

TABLE((

For Ty!e" 1#$%



>ptions >$tstandingeighted/erage

eighted %emaining/erage ontract$alExercise 6ife (in

%ange of Exercise rice $m:er rice &ears)C.!+ - C3.1* 9,+! C .1C3.3 - C3.3 !,++,049 3.3C9.93 - C4.0* ,14,43 .4!

C9.1 - C1.+! 1,1+*,+1 +.++C1.1! - C1.1! *,311,1+ 1.1!C1.09 - C4.0 ,!3,01! .*C9.1+ - C1!9.! ,10+,093 111.*1C140.3! - C*9. 094,3*4 .+3C*9.90 - C*9.90 !, *9.90C4.11 - C4.11 *,9*4 4.11

1,!,93+ *.9 *.04


54/92

>ptions Exercisa:leeighted/erage


$m:er rice &ears)!,393 C .1

!,+9,9 3.31,!!9,1 .19

3+3,040 +.++33,43+ 1.1!1,13!,1+9 .4

!9,*19 90.*+40 194.+9

0, *9.90- -

11,9*!,*1+ 1.! .3


55/92


TESLA MOTORS INC

TABLE('

For Ty!e" 1#$%



>ptions >$tstandingeighted/erage


%ange of Exercise rice $m:er rice &ears)C+.1* - C3.1* *,14 C .13C3.3 - C3.3 !,+93,!* 3.3C9.93 - C4.* ,33,+*4 .+4

C4.0 - C1.+! ,13,!1 9.04C1.+! - C1.+! *,!1*,!0 1.1!C1.09 - C0.++ ,44,994 .+!C0.*! - C101.3+ ,33,*+ 3+.*!C100.!+ - C10!.4 *,90* 10!.1C13+.!+ - C13+.!+ 14,9!* 13+.!+C1!9.! - C1!9.! !*,*0 1!9.!

,30+,90 3.!+ 3.!


56/92

>ptions Exercisa:leeighted/erage


$m:er rice &ears)*13,!4 C .13

!,+9,++ 3.31,+,099 19.!+

430,+*+ 9.091,*01 1.1!!+!,+* 1.941!,3!0 0*.3

11,*0 10!.4- -

GGG -1+,!10,1+3 1.! 0.+1


57/92


TESLA MOTORS INC

TABLE()

For Ty!e" 1#$%



8air


58/92


TESLA MOTORS INC

TABLE(+

For Ty!e" 1#$%



"$mmar& "toc 5ased ompensation Information

The following ta:le s$mmari'es the stoc-:ased compensatiin the consolidated statements of operations (in tho$sands)

+10ost of sales C 1!,0*0

%esearch and deelopment 3,3+1"elling, general and administratie !3,001Total C 1*3,093


59/92

on expense :& line item


C 9,+!1 C ,190

*,090 3,*4+9,+9+ 1,!1C 4,3** C *+,10*


60/92


TESLA MOTORS INC

TABLE(*

For Ty!e" 1#$%




Domestic C 3+,0*1 C !*,!9International 0,14* (,4*)6oss :efore income taxes C 40,33 C !1,03


61/92

+1C 93,*09

(0!)C 93,+!!


62/92


TESLA MOTORS INC

TABLE(/

For Ty!e" 1#$%



Fear Ended Decem:er 1,+10 +1 +1

$rrent8ederal C - C - C -"tate *! 1!4 8oreign 9,+ ,09 4Total c$rrent 9,03+ ,*! +*Deferred8ederal - - -"tate - - -

8oreign (*3) 31 (139)Total deferred (*3) 31 (139)Total proision for income taxes C 9,0+0 C ,*44 C 13


63/92


TESLA MOTORS INC

TABLE(0

For Ty!e" 1#$%



Decem:er 1,+10

Deferred tax assetset operating loss carr&-forwards C !3,913%esearch and deelopment credits 03,043>ther tax credits 1,!*+Deferred reen$e !*,4Inentor& and warrant& reseres *,*03Depreciation and amorti'ation 34"toc-:ased compensation *+,914

onerti:le de:t 0*,114/ccr$als and others 09,*Total deferred tax assets 31+,4*+


64/92

Decem:er 1,+1

C 01,1!,1!*

1330,091,3+

34!,33

,9+1,!9**11,!+

(0!,!*)9,0*

(9,00)(9,00)

C 1+1


65/92


TESLA MOTORS INC

TABLE(4

For Ty!e" 1#$%




Tax at stat$tor& federal rate C (99,3) C (*,++1)"tate tax, net of federal :enefit *! 1!4onded$cti:le expenses 1*,4 !8oreign income rate differential 43,!0 (*).". tax credits (3,49*) (3,34)>ther reconciling items 4!! 1,1!hange in al$ation allowance ,41* ,93roision for income taxes C 9,0+0 C ,*44


66/92

+1C (10,!+)

(1,*4+)9,49!

3(,!4*)

**19,*19

C 13


67/92


TESLA MOTORS INC

TABLE'#

For Ty!e" 1#$%



ncertain Tax ositions

The aggregate changes in the :alance of o$r gross $nrecogni'ed tax :enefitsd$ring the &ears ended Decem:er 1, +10, +1 and +1 were as follows (in

tho$sands)

Decem:er 1, +11 C 1!,0+Increases in :alances related to tax

positions taen d$ring c$rrent &ear 30+Decem:er 1, +1 14,+!+Decreases in :alances related to prior &eartax positions (!,4+)Increases in :alances related to c$rrent&ear tax positions ,1+Decem:er 1, +1 1,!+Increase in :alances related to prior &eartax positions *3Increases in :alances related to c$rrent&ear tax positions !,9*1Decem:er 1, +10 C 01,!!


68/92


TESLA MOTORS INC

TABLE'1

For Ty!e" 1#$%



Total %een$es

Fear Ended Decem:er 1,+10 +1 +1

nited "tates C 1,0!1,30 C 1,0!9,133 C 00,4!!hina 0!!,+4 - GGGorwa& 01,194 1!,+!+ 0,94>ther 4!,0 1!,3+ 30,+41

Total C ,194,*3 C ,+1,093 C 01,*3


69/92


TESLA MOTORS INC

TABLE'(

For Ty!e" 1#$%



6ong-lied /ssets

Decem:er 1, Decem:er 1,+10 +1

nited "tates C ,0*,19 C 1,+91,04!International 10,!9 9,0Total C ,*93,+11 C 1,1+,919


70/92


TESLA MOTORS INC

TABLE''

For Ty!e" 1#$%



>perating apital6eases 6eases

+1* C *3,* C 1+,1*+13 3+,13 4,11+1! *3,*33 ,*9+14 04,9*9 *3+19 and thereafter 140,3++ -

Total minim$m lease pa&ments C 0+3,!4 ,0+6ess /mo$nts representing interest not &et inc$rred 31resent al$e of capital lease o:ligations 1,!99

6ess $rrent portion 9,*6ong-term portion of capital lease o:ligations C 1,3!


71/92


TESLA MOTORS INC

TABLE')

For Ty!e" 1#$%



March 1 ?$ne ++10Total reen$es C 3+,*0 C !39,09Aross profit 1**,14 1,99*et loss (09,4++) (31,9+)et loss per share, :asic (+.0+) (+.*+)et income (loss) per share, dil$ted (+.0+) (+.*+)+1Total reen$es C *31,!9 C 0+*,19

Aross profit 93,+ 1++,04et income (loss) 11,04 (+,*+)et income (loss) per share, :asic +.1+ (+.3)et income (loss) per share, dil$ted +.++ (+.3)


72/92

Three months ended"eptem:er + Decem:er 1

C 4*1,4+0 C 9*3,331*1,4*1 31,39!(!0,!+4) (1+!,3+)

(+.3+) (+.43)(+.3+) (+.43)

C 01,03 C 31*,19

1+,434 1*3,*9+(4,093) (13,30)(+.) (+.1)(+.) (+.1)


73/92


TESLA MOTORS INC

TABLE'+

For Ty!e" 1#$%



Exhi:it Incorporated :& %eference$m:er Exhi:it Description 8orm 8ile o. Exhi:it

.1 /mended and %estated "-1 -130*9 .1+ertificate ofIncorporation of the%egistrant

. /mended and %estated 4-= -130*9 .+5&laws of the %egistrant

0.1+0.1 "pecimen common stoc "-1K/ -certificate of the 130*9%egistrant

0. 8ifth /mended and %estated "-1 - 0.+InestorsH %ights 130*9/greement, dated as of/$g$st 1, ++9, :etween%egistrant and certainholders of the%egistrantHs capital stocnamed therein

0./ /mendment to 8ifth /mended "-1K/ - 0./and %estated InestorsH 130*9%ights /greement, dated asof Ma& +, +1+, :etween%egistrant and certainholders of the%egistrantHs capital stocnamed therein

0.5 /mendment to 8ifth /mended "-1K/ - 0.5and %estated InestorsH 130*9

%ights /greement :etween%egistrant, To&ota Motororporation and certainholders of the%egistrantHs capital stocnamed therein

0. /mendment to 8ifth /mended "-1K/ - 0.and %estated InestorHs 130*9%ights /greement, dated asof ?$ne 10, +1+, :etween%egistrant and certain

holders of the%egistrantHs capital stocnamed therein


74/92

0.D /mendment to 8ifth /mended 4-= ++1-0!*3 0.1+and %estated InestorHs%ights /greement, dated asof oem:er , +1+,:etween %egistrant and

certain holders of the%egistrantHs capital stocnamed therein

0.E aier to 8ifth /mended "-1K/ -1!0033 0.Eand %estated InestorHs%ights /greement, dated asof Ma& *, +11, :etween%egistrant and certainholders of the%egistrantHs capital stocnamed therein

0.8 /mendment to 8ifth /mended 4-= ++1-0!*3 0.1+and %estated InestorHs%ights /greement, dated asof Ma& +, +11, :etween%egistrant and certainholders of the%egistrantHs capital stocnamed therein

0.A "ixth /mendment to 8ifth 4-= ++1-0!*3 0.1+/mended and %estatedInestorsH %ights/greement, dated as of Ma&1*, +1 among the%egistrant, the Elon M$s%eoca:le Tr$st dated ?$l&, ++ and certain otherholders of the capitalstoc of the %egistrantnamed therein.


75/92

8iled8iling Date ;erewith

?an$ar& 9, +1+

?$ne 4, +1

Ma& !, +1+

?an$ar& 9, +1+

Ma& !, +1+

Ma& !, +1+

?$ne 1*, +1+


76/92

oem:er 0, +1+

?$ne , +11

?$ne 1, +11

Ma& +, +1


77/92


TESLA MOTORS INC

TABLE'*

For Ty!e" 1#$%




0.; aier to 8ifth /mended 4-= ++1-0!*3 0.+and %estated InestorHs%ights /greement, dated asof Ma& 10, +1, :etweenthe %egistrant and certainholders of the capitalstoc of the %egistrant

named therein.

0.+ Indent$re, dated as of Ma& 4-= ++1-0!*3 0.1+, +1, :& and :etweenthe %egistrant and .".5an ational /ssociation.

0.0+ 8irst "$pplemental 4-= ++1-0!*3 0.+Indent$re, dated as of Ma&, +1, :& and :etweenthe %egistrant and .".5an ational /ssociation.

0.*+ 8orm of 1.*+J onerti:le 4-= ++1-0!*3 0.+"enior ote D$e ?$ne 1,+14 (incl$ded in Exhi:it0.0).

0.3+ "econd "$pplemental 4-= ++1-0!*3 0.+Indent$re, dated as ofMarch *, +10, :& and:etween the %egistrant and.". 5an ational/ssociation.

0.!+ 8orm of +.*J onerti:le 4-= ++1-0!*3 0.+"enior ote D$e March 1,+19 (incl$ded in Exhi:it0.3).

0.4+ Third "$pplemental 4-= ++1-0!*3 0.0+Indent$re, dated as ofMarch *, +10, :& and:etween the %egistrant and.". 5an ational/ssociation.

0.9+ 8orm of 1.*J onerti:le 4-= ++1-0!*3 0.*+"enior ote D$e March 1,+1 (incl$ded in Exhi:it


78/92

0.4).

1+.1LL 8orm of Indemnification "-1K/ -130*9 1+.1+/greement :etween the%egistrant and itsdirectors and officers

1+.LL ++ E7$it& Incentie lan "-1K/ -130*9 1+.+

1+.LL 8orm of "toc >ption "-1 -130*9 1+.+/greement $nder ++E7$it& Incentie lan

1+./LL Arant otice and "toc "-1K/ - 1+./>ption /greement :etween 130*9the %egistrant and ElonM$s

1+.0LL /mended and %estated +1+ 10/ - /ppendix /E7$it& Incentie lan, 130*9effectie as of /pril 1+,+10

1+.*LL 8orm of "toc >ption "-1K/ -130*9 1+.*+/greement $nder +1+E7$it& Incentie lan

1+.3LL 8orm of %estricted "toc "-1K/ -130*9 1+.3+nit /ward /greement $nder+1+ E7$it& Incentie lan


79/92


Ma& +, +1

Ma& , +1

Ma& , +1

Ma& , +1

March *, +10

March *, +10

March *, +10

March *, +10


80/92

?$ne 1*, +1+

Ma& !, +1+

?an$ar& 9, +1+

March 9, +1+

/pril 0, +10

March 9, +1+

March 9, +1+


81/92


TESLA MOTORS INC

TABLE'/

For Ty!e" 1#$%




1+.!LL +1+ Emplo&ee "toc "-1K/ -130*9 1+.!+$rchase lan

1+.4LL 8orm of $rchase /greement "-1K/ -130*9 1+.4+$nder +1+ Emplo&ee "toc$rchase lan

1+.9LL >ffer 6etter :etween the "-1 -130*9 1+.9+%egistrant and Elon M$sdated >cto:er 1, ++4

1+.1+LL >ffer 6etter :etween the "-1 -130*9 1+.1+%egistrant and Deepa/h$#a dated ?$ne 1, ++4,and amended ?$ne 0, ++9

1+.11LL %elocation /greement "-1 -130*9 1+.11:etween the %egistrant andDeepa /h$#a effectie>cto:er 1, ++4 andamended ?$ne 0, ++9

1+.1LL >ffer 6etter :etween the "-1 -130*9 1+.1%egistrant and ?effre& 5."tra$:el dated Ma& 3, ++0

1+.1 ommercial 6ease :etween "-1 -130*9 1+.the %egistrant and The5oard of Tr$stees of The6eland "tanford?r. niersit& dated/$g$st 3, ++9

1+.10 2E< redits /greement "-1K/ -130*9 1+.:etween /merican ;ondaMotor o., Inc. and the%egistrant dated8e:r$ar& 1, ++9

1+.10/ /ddend$m to 2E< redits "-1K/ -130*9 1+.//greement :etween /merican;onda Motor o., Inc. andthe %egistrant dated8e:r$ar& +, ++9

1+.105 "$pplemental 2E< redits "-1K/ -130*9 1+.5/greement :etween /merican


82/92

;onda Motor o., Inc. andthe %egistrant dated March+, ++9

1+.10 "econd "$pplemental 2E< "-1K/ -130*9 1+.redits /greement :etween

/merican ;onda Motor o.,Inc. and the %egistrantdated 8e:r$ar& 4, +1+

1+.1* "$ppl& /greement :& and "-1 -130*9 1+.among anasonic Ind$strialompan&, anasonicorporation, actingthro$gh Energ& ompan&,and the %egistrant dated?$l& 1, ++9

1+.13 "ettlement /greement "-1K/ -130*9 1+.00:etween the %egistrant andentities affiliated with


83/92


Ma& !, +1+

?$ne 1*, +1+

?an$ar& 9, +1+

?an$ar& 9, +1+

?an$ar& 9, +1+

?an$ar& 9, +1+

?an$ar& 9, +1+

Ma& !, +1+

Ma& !, +1+

Ma& !, +1+


84/92

Ma& !, +1+

?an$ar& 9, +1+

Ma& !, +1+

Ma& !, +1+

oem:er 1, +1+

oem:er 1, +1+


85/92


TESLA MOTORS INC

TABLE'0

For Ty!e" 1#$%




1+.1! /mendment o. to the 1+-@ ++1-0!*3 1+.*+6etter /greement :etweenthe %egistrant and ewnited MotorMan$fact$ring, Inc. dated>cto:er 4, +1+

1+.1!D /mendment o. 0 to the 1+-@ ++1-0!*3 1+.3+6etter /greement :etweenthe %egistrant and ewnited MotorMan$fact$ring, Inc. dated>cto:er 1, +1+

1+.1!E /mendment o. * to the 1+-@ ++1-0!*3 1+.!+6etter /greement :etweenthe %egistrant and ewnited MotorMan$fact$ring, Inc. dated>cto:er 1*, +1+

1+.1!8 /mendment o. 3 to the 1+-@ ++1-0!*3 1+.4+6etter /greement :etweenthe %egistrant and ewnited MotorMan$fact$ring, Inc. dated>cto:er 19, +1+

1+.14 "ale and $rchase 1+-@ ++1-0!*3 1+.1+/greement :etween%egistrant and ew nitedMotor Man$fact$ring, Inc.,

dated /$g$st 1, +1+

1+.14/ /ddend$m o. 1to the "ale 1+-@ ++1-0!*3 1+.+and $rchase /greement:etween %egistrant and ewnited MotorMan$fact$ring, Inc., dated"eptem:er , +1+

1+.19 hase 1 ontract "erices 1+-= ++1-0!*3 1+.0!/greement :etween%egistrant and To&ota

Motor orporation dated>cto:er 3, +1+


86/92

1+.+ "$ppl& and "erices 1+-@ ++1-0!*3 1+.1+/greement :etween To&otaMotor Engineering NMan$fact$ring orth/merica, Inc. and the%egistrant dated ?$l& 1*,

+11

1+.1 "$ppl& /greement :etween 1+-= -++1-0!*3 1+.*+anasonic orporation andthe %egistrant dated>cto:er *, +11

1+.1/ /mendment o. 1 to "$ppl& 1+-= ++1-0!*3 1+.*//greement :etweenanasonic orporation andthe %egistrant dated>cto:er 9, +1

1+. 8orm of all >ption 4-= ++1-0!*3 1+.1+onfirmation relating to1.*+J onerti:le "eniorote D$e ?$ne 1, +14.

1+. 8orm of arrant 4-= ++1-0!*3 1+.+onfirmation relating to1.*+J onerti:le "eniorote D$e ?$ne 1, +14.

1+.0 Indemnification /greement, 4-= ++1-0!*3 1+.1+dated as of 8e:r$ar& !,+10, :& and :etween the%egistrant and ?.. Morgan"ec$rities 66.

1+.* 8orm of all >ption 4-= ++1-0!*3 1+.+onfirmation relating to+.*J onerti:le "eniorotes D$e March 1, +19.


87/92


oem:er1, +1+

oem:er1, +1+

oem:er1, +1+

oem:er1, +1+

oem:er1, +1+

oem:er1, +1+

March ,+11


88/92

oem:er10, +11

8e:r$ar&!, +1

8e:r$ar&3, +10

Ma& , +1

Ma& , +1

March *,+10

March *,+10


89/92


TESLA MOTORS INC

TABLE'4

For Ty!e" 1#$%




1+.3 8orm of all >ption 4-= ++1-0!*3 1+.+onfirmation relating to1.*J onerti:le "eniorotes D$e March 1, +1.

1+.! 8orm of arrant 4-= ++1-0!*3 1+.0+onfirmation relating to

+.*J onerti:le "eniorotes D$e March 1, +19.

1+.4 8orm of arrant 4-= ++1-0!*3 1+.*+onfirmation relating to1.*J onerti:le "eniorotes D$e March 1, +1.

1+.9 /greement :etween 1+-@ ++1-0!*3 1+.1+anasonic orporation andthe %egistrant dated ?$l&1, +10.

1+.+ Aeneral Terms and 1+-@ ++1-0!*3 1+.+onditions :etweenanasonic orporation andthe %egistrant dated>cto:er 1, +10.

1+.1 rod$ction ricing 1+-@ ++1-0!*3 1+.+/greement :etweenanasonic orporation andthe %egistrant dated>cto:er 1, +10.

1+. Inestment 6etter 1+-@ ++1-0!*3 1+.0+/greement :etweenanasonic orporation andthe %egistrant dated>cto:er 1, +10.

1.1+ "tatement regardingomp$tation of %atio ofEarnings to 8ixed harges

- - -.1+ onsent of

ricewaterho$seoopers,

Independent %egistered$:lic /cco$nting 8irm - - -


90/92

1.1+ %$le 1a-10(a) K1*(d)-10(a) ertificationof rincipal Exec$tie>fficer

- - -1.+ %$le 1a-10(a) K

1*(d)-10(a) ertificationof rincipal 8inancial>fficer

- - -.1L "ection 1*+

ertifications

1+1.I" O5%6 Instance Doc$ment

1+1."; O5%6 Taxonom& Extension"chema Doc$ment

1+1./6 O5%6 Taxonom& Extensionalc$lation 6in:aseDoc$ment.

1+1.DE8 O5%6 Taxonom& ExtensionDefinition 6in:aseDoc$ment

1+1.6/5 O5%6 Taxonom& Extension6a:el 6in:ase Doc$ment

1+1.%E O5%6 Taxonom& Extensionresentation 6in:aseDoc$ment


91/92


March *, +10

March *, +10

March *, +10

oem:er !, +10

oem:er !, +10

oem:er !, +10

oem:er !, +10

O

- O

- O


92/92

- O

-

inventory breakdown

Documents