Tesla Third Quarter 2018 Update GAAP net income of $312M, non-GAAP net income of $516M Operating income of $417M and operating margin of 6.1% Free cash flow of $881M supported by operating cash flow of $1.4B $3.0B of cash and cash equivalents at Q3-end, increased by $731M in Q3 Model 3 GAAP and non-GAAP gross margin > 20% in Q3 Reaffirm expectation of continued GAAP net income and free cash flow in Q4