Evaluate the financial performance of for Tesla based on metrics such as APT, ROA, C2C, ART, INVT, and PPET forSix Months EndedJune 30, 2019 and June 30 2018.

Tesla, Inc. Condensed Consolidated Statements of Operations Unaudited) Tesla, Inc. (In thousands, except per share data) Condensed Consolidated Balance Sheets Unaudited Three Months Ended Six Months Ended In thousands) March 31, June 30. June 30, June 30. 2019 2019 2019 2018 June 30, December 31, 2018 Automotive sales $. 5.168 027. $ 3.508.241 $.3.117 865. $ 8.676 768. $5.679 746. Assets Automotive leasing 208.362 215,120 239,816 423,482 Current assets Total automotive revenue 5,376,389 3,723,861 3,357,681 9,100,250 6,092,998 Cash and cash equivalents 1,954,740 S 3,685,618 Energy generation and storage 368,208 374,408 692,869 784,430 Restricted cash 128,006 192.551 Services and other 605.079 492.942 270,142 1,098,021 533,554 Accounts receivable, net 1,147,100 949,022 Total revenues 6,349.676 4,541,464 10,891,140 7,410,982 Inventory 3,382,358 3,113,446 Cost of revenues Prepaid expenses and other current assets 569,748 365.671 Automotive sales 4,253,763 2,856,209 2,529,739 7,109,972 4,621,136 Total current assets 10,181,952 8,306,308 Automotive leasing 106.322 117.092 136,915 223,414 Operating lease vehicles, net 2,069,540 2,089,758 Total automotive cost of revenues 4,360.085 2,973,301 2.666.654 7.333,386 4.862.547 Solar energy systems, net 6,200,704 6,271,396 Energy generation and storage 325,523 316.887 330,273 642,410 705,636 10,082,458 11,330,077 Services and other 743,022 685.533 386,374 1,428,555 767,343 Property, plant and equipment, net Operating lease right-of-use assets 1,248,277 Total cost of revenues 5,428,630 3,975,721 3,383,301 9,404,351 6,335.526 Goodwill and intangible assets, net 180,833 350.651 Gross profit 921.046 565,743 618,930 1,486,789 1,075,456 MyPower customer notes receivable, net of current portion 400,308 421,548 Operating expenses Restricted cash, net of current portion 365,547 898,219 Research and development 323.898 340.174 386,129 664,072 753,225 Other assets 842,978 571,657 Selling, general and administrative 647.261 703.929 750,759 1,351,190 1,437.163 S 31,872,597 S 29,739,614 Restructuring and other 117.345 43,471 103,434 103,434 Total assets Liabilities and Equity al operate 1.088,504 1,087.574 Loss from operations (167,458) (521,831) (689,289) (1,218,366) Current liabilities Accounts payable 3,133,587 S 3,404,451 Interest income 8,762 19,124 10,278 2,094,253 Interest expense 171,979) (313,128) Accrued liabilities and other 2,622,943 (157,453) (163,582) 329,432) Deferred revenue 883,293 630,292 Other (expense) income, net (40,756) 25.750 50,911 (15,006) Resale value guarantees 626,758 502,840 Loss before income taxes (369,831) (644,772) 728,999) (1,014,603) (1,508,021) 631,107 792.601 Provision for income taxes 19,431 22.873 13,707 42,304 Customer deposits (389,262) (667,645) (742,706) (1,056,907) (1,527,333) Current portion of long-term debt and finance leases (1) 1,791,085 2,567.699 Net loss Total current liabilities 9,588,773 9,992,136 Net income (loss) attributable to poocontrolling Long-term debt and finance leases, net of current portion (1) 11,234,401 9,403,672 interests and redeemable poocontrolling 1,182,042 990,873 interests 19,072 34.490 (25,167) 53,562 (100,243) Deferred revenue, net of current portion Resale value guarantees, net of current portion 61,200 328,926 Net loss attributable to common Other long-term liabilities 2,710,403 stockholders S (408,334).4 (702,135) S (717,539) S (1,110,469) $ (1.427,090) Total liabilities 24,722,136 23,426,010 Net loss per share of common stock Redeemable noncontrolling interests in subsidiaries 580,227 555.964 attributable to common stockholders - Total stockholders' equity 5,715,393 4,923,243 basic and diluted (2.31) $ (4.10) $ (4.22) $ (6.40) S (8.42) Noncontrolling interests in subsidiaries 854,841 834,397 Basic S 31,872,597 S 29,739,614 (2.31). 5 (4.10) $ (4.22) $ (6.40) S (8.42) Total liabilities and equity Weighted average shares used in computing (1) Breakdown of our debt is as follows: net loss per share of Recourse debt 7,813,001 S 7,080,584 common stock - basic and diluted 3,552,674 S 3,551,891 Basic 176,654 172,989 169.997 174,831 169.574 Non-recourse debt Pilotad 176.654 172.989 169.997 174,831 169.574Tesla, Inc. Tesla, Inc. Condensed Consolidated Statement of Cash Flows Reconciliation of GAAP to Non-GAAP Financial Information (Unaudited) (Unaudited) (In thousands) (In thousands, except per share data) Three Months Ended Six Months Ended Three Months Ended Six Months Ended June 30, March 31. June 30 June 30, June 30 June 30. March 31, June 30, June 20, June 30 2019 2019 2018 2019 2018 2019 2019 2018 2019 2018 Cash Flows from Operating Activities Net loss attributable to common Net loss $ (389.262) $ (667,645) $ (742,706) $ (1,056,907) $ (1,527,333) stockholders - GAAP $.(408,334) $.(702,135) $(717,539) $ (1,110,469) $ (1,427,090) Adjustments to reconcile net loss to net 209.863 208,378 418,241 cash provided by (used in) operating activities: Stock-based compensation expense 197.344 338,983 Depreciation, amortization and impairment 578.572 467.577 485,255 1,046,149 901,488 Net loss attributable to common stockholders - non-GAAP $.(198,471) $. (493,757) $.(520,195) $.(692,228) $ (1,088,107) Stock-based compensation 209.863 208,378 197.344 418.241 338,983 Operating cash flow related to repayment of discounted convertible notes (188,107) (188, 107) Net loss per share attributable to Other 177,285 216,292 97.432 393,577 251,237 common stockholders, basic - GAAP (2.31) (4.10) (4.22) 1.20 1.16 Changes in operating assets and liabilities. Stock-based compensation expense 1.19 net of effect of business combinations 287-148 (676,101) (166.989) (388,953) 492,415) Net loss per share attributable to common stockholders, basic - non-GAAP $ (1.12) $ (2.90) (3.06) $ Net cash provided by (used in) operating activities 863.606 (639,606) (129,664) 224,000 (528,040) Shares used in ner share calculation. Cash Flows from Investing Activities basic - GAAP and non-GAAP 176.654 172,989 169,997 Capital expenditures (249.677) (279,932) (609,813) (529,609) (1,265,475) Payments for the cost of solar energy systems, Net loss per share attributable to net (18,197) (25.261) (67,400) (43,458) (140,375) common stockholders, diluted - GAAP (2.31) S (4.10) (4.22) Purchase of intangible assets (5.333 (5,333) Stock-based compensation expense 1.19 1.20 1.16 Business combinations, net of cash acquired 31,662 (6501 (5.604) 31.012 (5.6041 Net loss per share attributable to Net cash used in investing activities (241,545) (305,843) (682,817) (547,388) (1,411,454) common stockholders, diluted - non-GAAP S (1.12) (2.90) (3.06) Cash Flows from Financing Activities Shares used In per share calculation, 244,196 831,146 417,061 176,654 172,989 Net cash flows from debt activities 1,349,258 (518,112) 169,997 Collateralized lease repayments (85,432) (133,891) (113,426) (219,323) (200,518) Net borrowings (repayments) under Warehouse Agreements and automotive asset-backed notes 34,608 (32.944) 114,069 1,664 288,097 Net cash flows from poocontrolling interests - Auto 19,107 (32,866) 32,355 (13,759) 56.954 Net cash flows from noncontrolling interests - Solar (40,564) (13,159) 90,375 (53,723) 83.617 Proceeds from issuances of common stock in public offerings 848.232 848.232 Other 17,632 77.953 31,053 95.585 125,071 Net cash provided by (used in) financing activities 2,142,841 (653,019) 398,622 1,489.822 770.282 Effect of exchange rate changes on cash and cash equivalents and restricted cash 593 4.878 (22,611) 5.471 (12,509) Net increase (decrease) in cash and cash equivalents and restrict 2,765,495 (1,593,590) (436,470) 1,171,905 (1,181,721) Cash and cash equivalents and restricted cash at beginning of period 2.682,798 4,276.388 3,219,708 4.276,388 3,964.959 Cash and cash equivalents and restricted cash at end of period 5. 5.448 293 5 2.682.798 5 2.783 238 _$ 5.448.293 5 2.783.238