TESLA FORECAST

1. Margins other Selected case 2
2014 2015 2016 2017Q3 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
In Million Actual Actual Actual Actual Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast
Energy generation and storage 0.20 2.19 3.06 101.0 161.6 226.2 271.5 298.6 328.5 344.9 362.2 380.3 399.3
Services and others 20.205 3.642 -4.49 29.6 38.4 50.0 60.0 72.0 79.2 87.1 95.8 100.6 105.6
Automotive Gross profit 20.4 5.8 -1.4 0 130.6 200.0 276.2 331.5 370.6 407.7 432.0 458.0 480.9 504.9
Solar city historical gross profit
2014 2015 2016 2017Q3 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
In Million Actual Actual Actual Actual Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast
Gross profit 78.60 118.80 251.40
Revenue reg as Tesla 3.1
Gross profit Solar city 78.6 118.8 254.5
Selected Case
Energy Generation GP% 34% 53% 29% 29% 29% 29% 29% 29% 29% 29% 29% 29%
Services and others GP% 4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
Best Case
Energy Generation GP% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
Services and others GP% 4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
Base Case
Energy Generation GP% 29% 29% 29% 29% 29% 29% 29% 29% 29% 29%
Services and others GP% 4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
Worse Case
Energy Generation GP% 29% 29% 29% 29% 29% 29% 29% 29% 29% 29%
Services and others GP% 4% 4% 4% 4% 4% 4% 4% 4% 4% 4%