Investor Relations Communication

[Your Name]
[Your Title]
Tesla, Inc.
3500 Deer Creek Road
Palo Alto, CA 94304
[Date]

Dear Shareholders,

I hope this letter finds you well. As we conclude the third quarter of 2023, I am pleased to share our financial performance, key achievements, and outlook for the upcoming quarter.

Financial Performance
In Q3 2023, Tesla reported a revenue of $24.5 billion, representing a 20% increase year-over-year. This growth was driven by strong demand for our Model 3 and Model Y vehicles, as well as an increase in energy product sales. Our gross margin improved to 22%, reflecting our ongoing efforts to optimize production efficiency and reduce costs.

Net income for the quarter was $3.1 billion, translating to earnings per share of $0.85. This marks a significant increase compared to the same period last year, underscoring our commitment to profitability while scaling our operations.

Key Achievements
This quarter, we achieved several significant milestones:

1. Production Milestones: We successfully produced our 5 millionth vehicle, a testament to our relentless focus on innovation and efficiency in manufacturing. Our Gigafactories in Texas and Berlin have ramped up production, contributing to our record output.

2. Expansion of Product Line: We launched the highly anticipated Cybertruck, receiving an overwhelming response with over 1 million pre-orders. This launch marks a pivotal moment in our journey to diversify our product offerings and capture new market segments.

3. Sustainability Initiatives: We made substantial progress in our sustainability efforts, with over 50% of our energy needs now being met through renewable sources. Our solar and energy storage products continue to gain traction, contributing to our vision of a sustainable energy ecosystem.

4. Global Market Expansion: We expanded our presence in key international markets, including India and Southeast Asia, where we see significant growth potential. Our localized production strategies are designed to meet regional demand while minimizing logistics costs.

Outlook for Q4 2023
Looking ahead to the fourth quarter, we remain optimistic about our growth trajectory. We anticipate continued strong demand for our vehicles, particularly as we enter the holiday season. Our production capacity is expected to increase further, allowing us to meet the growing consumer interest.

We are also focused on enhancing our software capabilities, with the rollout of our Full Self-Driving (FSD) beta to more customers. This technology is a cornerstone of our future growth and will play a critical role in our mission to accelerate the world's transition to sustainable energy.

In conclusion, we are excited about the future and remain committed to delivering value to our shareholders. Thank you for your continued support and trust in Tesla. Together, we are driving the future of transportation and energy.

Sincerely,

[Your Name]
[Your Title]
Tesla, Inc.