SUMMARY
This summary highlights information contained elsewhere in this prospectus supplement, the accompanying prospectus and the documents incorporated by
reference. This summary sets forth the material terms of this offering, but does not contain all of the information you should consider. You should read carefully this entire prospectus supplement and the accompanying prospectus, including the
documents incorporated by reference in this prospectus supplement and the accompanying prospectus, especially the risks of investing in our common stock discussed in the section titled Risk Factors as well as the consolidated financial
statements and notes to those consolidated financial statements incorporated by reference into this prospectus supplement.
TESLA,
INC.
We design, develop, manufacture, sell and lease high-performance fully electric vehicles and energy generation and storage systems, and offer
services related to our products. We are the worlds first vertically integrated sustainable energy company, offering end-to-end clean energy products, including
generation, storage and consumption. We generally sell our products directly to customers, including through our website and retail locations. We also continue 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 our products. We emphasize performance, attractive styling and the safety of our users and workforce in the
design and manufacture of our products, and are continuing to develop full self-driving technology for improved safety. We also strive to lower the cost of ownership for our customers through continuous efforts to reduce manufacturing costs and by
offering financial services tailored to our vehicles. Our sustainable energy products, engineering expertise, intense focus to accelerate the worlds transition to sustainable energy and achieve the benefits of autonomous driving, and business
model differentiate us from other companies.
We currently offer or are 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 our powertrain system, Autopilot and Full
Self-Driving hardware, and neural net, our 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.
In furtherance of our mission to accelerate the worlds transition to sustainable energy, we have also developed an expertise in solar energy systems. We
sell and lease retrofit solar energy systems for residential and commercial customers, and alternatively provide certain customers with access to our solar energy systems through power purchase or subscription-based arrangements. We also offer the
Solar Roof, which features attractive and durable glass roof tiles integrated with solar energy generation. Our approach to the solar business emphasizes simplicity, standardization and accessibility to make it easy and cost-effective for customers
to adopt clean energy, while reducing our customer acquisition costs.
Finally, we have leveraged our technological expertise in batteries, energy
management, power electronics, and integrated systems from our vehicle powertrain systems to develop and manufacture energy storage products, including Powerwall, Powerpack and Megapack. These scalable systems may be used in homes, commercial
facilities and on the utility grid, and are capable of numerous applications including backup or off-grid power,