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FiledPursuanttoRule424(b)5RegistrationNo.333-231168

CALCULATIONOFREGISTRATIONFEE

TitleofSecuritiestobeRegistered

MaximumAggregate

OfferingPrice Amountof

RegistrationFee(1)Commonstock,$0.001parvaluepershare $5,000,000,000 $545,500(1) CalculatedinaccordancewithRule457(r)undertheSecuritiesActof1933,asamended,basedonthemaximum

aggregateofferingprice.RepresentsdeferredpaymentoftheregistrationfeesinconnectionwiththeregistrantsRegistrationStatementonFormS-3(RegistrationNo.333-231168)beingpaidherewith.

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ProspectusSupplementtoProspectusdatedMay1,2019

Tesla,Inc.Upto$5,000,000,000ofCommonStock

Wehaveenteredintoanequitydistributionagreement,ortheequitydistributionagreement,withGoldmanSachs&Co.LLC,

CitigroupGlobalMarketsInc.,BarclaysCapitalInc.,BNPParibasSecuritiesCorp.,BofASecurities,Inc.,CreditSuisseSecurities(USA)LLC,DeutscheBankSecuritiesInc.,MorganStanley&Co.LLC,SGAmericasSecurities,LLCandWellsFargoSecurities,LLC,asoursalesagents,underwhichwemayofferandsellfromtimetotimeourcommonstockhavinganaggregateofferingpriceofupto$5,000,000,000.Thesalesagentsmayactasagentsonourbehalforpurchasesharesofourcommonstockasprincipal.

OurcommonstockistradedontheNasdaqGlobalSelectMarketunderthesymbolTSLA.ThelastreportedsalepriceofourcommonstockonDecember7,2020,asreportedontheNasdaqGlobalSelectMarket,was$641.76pershare.

Sales,ifany,ofcommonstockundertheequitydistributionagreementmaybemadeinordinarybrokerstransactions,toorthroughamarketmaker,onorthroughtheNasdaqGlobalSelectMarketoranyothermarketvenuewherethesecuritiesmaybetraded,intheover-the-countermarket,inprivatelynegotiatedtransactions,inblocktrades,intransactionsthataredeemedtobeatthemarketofferingsasdefinedinRule415undertheSecuritiesActorthroughacombinationofanysuchmethodsofsale.Thesalesagentsmayalsosellourcommonstockbyanyothermethodpermittedbylaw.

Wewilldesignatethemaximumamountofcommonstocktobesoldthroughthesalesagentsonadailybasisorotherwiseasweandthesalesagentsagreeandtheminimumpricepershareatwhichsuchcommonstockmaybesold.Subjecttothetermsandconditionsoftheequitydistributionagreement,thesalesagentswillusetheirreasonableeffortsconsistentwiththeirnormalsalesandtradingpracticestosellonourbehalfallofthedesignatedsharesofcommonstock.Wemayinstructthesalesagentsnottosellanycommonstockifthesalescannotbeeffectedatorabovethepricedesignatedbyusinanysuchinstruction.Weoranysalesagent,withrespecttoitselfonly,maysuspendtheofferingofourcommonstockbynotifyingtheotherparty.

Wewillpayeachsalesagentacommissionofupto0.25%ofthegrosssalespricepershareofcommonstocksoldthroughsuchagentundertheequitydistributionagreement.Wehavealsoagreedtoreimbursethesalesagentsforcertainoftheirexpenses.Inconnectionwiththesaleofthesharesofcommonstockonourbehalf,eachofthesalesagentsmaybedeemedtobeanunderwriterwithinthemeaningoftheSecuritiesActof1933,asamended,ortheSecuritiesAct,andthecompensationpaidtoeachofthesalesagentsmaybedeemedtobeunderwritingcommissionsordiscounts.SeePlanofDistribution.

Settlementofanysalesofcommonstockwilloccuronthesecondbusinessdayfollowingthedateonwhichsuchsalesweremade(orsuchearlierdayasisindustrypracticeforregular-waytrading).Thereisnoarrangementforfundstobereceivedinanescrow,trustorsimilararrangement.SalesofourcommonstockascontemplatedinthisprospectussupplementwillbesettledthroughthefacilitiesofTheDepositoryTrustCompanyorbysuchothermeansasweandthesalesagentsmayagree.

Investinginourcommonstockinvolvesahighdegreeofrisk.YoushouldcarefullyconsidertherisksdescribedunderRiskFactorsbeginningonpageS-5ofthisprospectussupplement,page5oftheaccompanyingprospectusandinthereportswefilewiththeSecuritiesandExchangeCommission,ortheSEC,pursuanttotheSecuritiesExchangeActof1934,asamended,ortheExchangeAct,incorporatedbyreferenceinthisprospectussupplementbeforemakingadecisiontoinvestinourcommonstock.

NeithertheSecuritiesandExchangeCommissionnoranyotherregulatorybodyhasapprovedordisapprovedofthesesecuritiesorpassedupontheaccuracyoradequacyofthisprospectussupplementortheaccompanyingprospectus.Anyrepresentationtothecontraryisacriminaloffense.

GoldmanSachs&Co.LLC

Citigroup

Barclays

BNPPARIBAS

BofASecurities

CreditSuisseDeutscheBankSecurities

MorganStanleySOCIETEGENERALE

WellsFargoSecurities

ProspectusSupplementdatedDecember8,2020

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ProspectusSupplement Page AboutthisProspectusSupplement S-iiWhereYouCanFindMoreInformation S-iiiSpecialNoteRegardingForwardLookingStatements S-ivSummary S-1TheOffering S-3RiskFactors S-5UseofProceeds S-8DescriptionofCommonStock S-9MarketInformation S-10DividendPolicy S-10Capitalization S-11Dilution S-13MaterialU.S.FederalIncomeTaxConsequencesforNon-U.S.Holders S-15PlanofDistribution S-19LegalMatters S-22Experts S-22InformationIncorporatedByReference S-23

Prospectus PageSummary 1SpecialNoteRegardingForwardLookingStatements 3WhereYouCanFindMoreInformation 4RiskFactors 5UseofProceeds 6DescriptionoftheSecurities 7SellingStockholders 8PlanofDistribution 9LegalMatters 11Experts 11IncorporationofCertainInformationByReference 12

Unlesswehaveindicatedotherwise,referencesinthisprospectussupplementtoTesla,we,us,ourandsimilartermsrefertoTesla,Inc.anditssubsidiaries.

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ABOUTTHISPROSPECTUSSUPPLEMENT

Youshouldrelyonlyontheinformationcontained,orincorporatedbyreference,inthisprospectussupplementandtheaccompanyingprospectus.Neitherwenoranysalesagentorunderwriterhasauthorizedanyonetoprovideyouwithdifferentinformation.Ifanyoneprovidesyouwithdifferentorinconsistentinformation,youshouldnotrelyonit.Wearenot,andthesalesagentsandanyunderwritersarenot,makinganoffertosellthesecuritiesinanyjurisdictionwheretheofferorsaleisnotpermittedorinwhichthepersonmakingsuchofferorsolicitationisnotqualifiedtodosoortoanypersontowhomitisunlawfultomakesuchofferorsolicitation.Youshouldnotassumethattheinformationinthisprospectussupplement,theaccompanyingprospectusoranydocumentincorporatedbyreferenceisaccurateorcompleteasofanydateotherthanthedateoftheapplicabledocument.Ourbusiness,financialcondition,resultsofoperationsandprospectsmayhavechangedsincethatdate.

Thisdocumentisintwoparts.Thefirstpartisthisprospectussupplement,whichdescribesthespecifictermsofthisofferingandalsoaddstoandupdatesinformationcontainedintheaccompanyingprospectusandthedocumentsincorporatedbyreferenceintothisprospectussupplementandtheaccompanyingprospectus.Thesecondpart,theaccompanyingprospectus,givesmoregeneralinformation,someofwhichmaynotapplytothisoffering.Generally,whenwerefertothisprospectus,wearereferringtobothpartsofthisdocumentcombined.Inthisprospectussupplement,aspermittedbylaw,weincorporatebyreferenceinformationfromotherdocumentsthatwefilewiththeSEC.Thismeansthatwecandiscloseimportantinformationtoyoubyreferringyoutothosedocuments.Theinformationincorporatedbyreferenceisconsideredtobeapartofthisprospectussupplementandtheaccompanyingprospectusandshouldbereadwiththesamecare.WhenweupdatetheinformationcontainedindocumentsthathavebeenincorporatedbyreferencebymakingfuturefilingswiththeSEC,theinformationincludedorincorporatedbyreferenceinthisprospectussupplementisconsideredtobeautomaticallyupdatedandsuperseded.Inotherwords,incaseofaconflictorinconsistencybetweeninformationcontainedinthisprospectussupplementandinformationintheaccompanyingprospectusorincorporatedbyreferenceintothisprospectussupplement,youshouldrelyontheinformationcontainedinthedocumentthatwasfiledlater.

Youshouldnotconsideranyinformationinthisprospectussupplementortheaccompanyingprospectustobeinvestment,legalortaxadvice.Youshouldconsultyourowncounsel,accountantsandotheradvisersforlegal,tax,business,financialandrelatedadviceregardingthepurchaseofthecommonstockofferedbythisprospectussupplement.Ifthedescriptionoftheofferingvariesbetweenthisprospectussupplementandtheaccompanyingprospectus,youshouldrelyontheinformationcontainedinthisprospectussupplement.

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WHEREYOUCANFINDMOREINFORMATION

WehavefiledwiththeSECaregistrationstatementonFormS-3undertheSecuritiesActwithrespecttothecommonstockofferedbythisprospectussupplement.Thisprospectussupplement,filedaspartoftheregistrationstatement,doesnotcontainalltheinformationsetforthintheregistrationstatementanditsexhibitsandschedules,portionsofwhichhavebeenomittedaspermittedbytherulesandregulationsoftheSEC.Forfurtherinformationaboutus,wereferyoutotheregistrationstatementandtoitsexhibitsandschedules.

Wefileannual,quarterlyandcurrentreportsandotherinformationwiththeSEC.TheSECmaintainsaninternetwebsiteatwww.sec.govthatcontainsperiodicandcurrentreports,proxyandinformationstatements,andotherinformationregardingregistrantsthatarefiledelectronicallywiththeSEC.

Thesedocumentsarealsoavailable,freeofcharge,throughtheInvestorssectionofourwebsite,whichislocatedatir.tesla.com.Informationcontainedon,orthatcanbeaccessedthrough,ourwebsiteisnotincorporatedbyreferenceintothisprospectussupplementortheaccompanyingprospectusandyoushouldnotconsidersuchinformationtobepartofthisprospectussupplementortheaccompanyingprospectus.

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SPECIALNOTEREGARDINGFORWARDLOOKINGSTATEMENTS

Thisprospectussupplementandtheaccompanyingprospectus,includingthedocumentsincorporatedordeemedtobeincorporatedbyreferenceintothisprospectussupplementandtheaccompanyingprospectus,mayincludeforward-lookingstatementswithinthemeaningofSection27AoftheSecuritiesActandSection21EoftheExchangeAct.Theseforward-lookingstatementsinclude,butarenotlimitedto,statementsconcerningtheimpactonourbusinessoftheongoingCOVID-19pandemic,ourstrategy,futureoperations,futurefinancialposition,futurerevenues,projectedcosts,profitability,expectedcostreductions,capitaladequacy,expectationsregardingdemandandacceptanceforourtechnologies,growthopportunitiesandtrendsinthemarketinwhichweoperate,prospects,plansandobjectivesofmanagement,andthestatementssetforthinthesectiontitledManagementsDiscussionandAnalysisofFinancialConditionandResultsofOperationsinourAnnualReportonForm10-KforthefiscalyearendedDecember31,2019andourQuarterlyReportsonForm10-QforthefiscalquartersendedMarch31,2020,June30,2020andSeptember30,2020andinourotherfilingswiththeSEC.Thewordsanticipates,believes,could,estimates,expects,intends,may,plans,projects,will,wouldandsimilarexpressionsareintendedtoidentifyforward-lookingstatements,althoughnotallforward-lookingstatementscontaintheseidentifyingwords.Wemaynotactuallyachievetheplans,intentionsorexpectationsdisclosedinourforward-lookingstatementsandyoushouldnotplaceunduerelianceonourforward-lookingstatements.Actualresultsoreventscoulddiffermateriallyfromtheplans,intentionsandexpectationsdisclosedintheforward-lookingstatementsthatwemake.Theseforward-lookingstatementsinvolverisksanduncertaintiesthatcouldcauseouractualresultstodiffermateriallyfromthoseintheforward-lookingstatements,including,withoutlimitation,theriskssetforthinthesectiontitledRiskFactorsinourAnnualReportonForm10-KforthefiscalyearendedDecember31,2019andourQuarterlyReportsonForm10-QforthefiscalquartersendedMarch31,2020,June30,2020andSeptember30,2020andinourotherfilingswiththeSEC.Wedonotassumeanyobligationtoupdateanyforward-lookingstatements,exceptasrequiredbylaw.

MoreinformationonpotentialfactorsthatcouldaffectourfinancialresultsisincludedfromtimetotimeinourSECfilingsandreports,includingtherisksidentifiedunderthesectiontitledRiskFactorsinourperiodicreportsonForm10-KandForm10-QthatwefilewiththeSEC.Wedisclaimanyobligationtoupdateinformationcontainedintheseforward-lookingstatementswhetherasaresultofnewinformation,futureevents,orotherwise,exceptasrequiredbylaw.

Althoughweundertakenoobligationtoreviseorupdateanyforward-lookingstatements,whetherasaresultofnewinformation,futureeventsorotherwise,exceptasrequiredbylaw,youareadvisedtoconsultanyadditionaldisclosureswemakeinourAnnualReportsonForm10-K,QuarterlyReportsonForm10-QandCurrentReportsonForm8-KfiledwiththeSEC.SeeWhereYouCanFindMoreInformation.

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SUMMARY

Thissummaryhighlightsinformationcontainedelsewhereinthisprospectussupplement,theaccompanyingprospectusandthedocumentsincorporatedbyreference.Thissummarysetsforththematerialtermsofthisoffering,butdoesnotcontainalloftheinformationyoushouldconsiderbeforeinvestinginourcommonstock.Youshouldreadcarefullythisentireprospectussupplementandtheaccompanyingprospectus,includingthedocumentsincorporatedbyreferenceinthisprospectussupplementandtheaccompanyingprospectus,beforemakinganinvestmentdecisiontopurchaseourcommonstock,especiallytherisksofinvestinginourcommonstockdiscussedinthesectiontitledRiskFactorsinthisprospectussupplementaswellastheconsolidatedfinancialstatementsandnotestothoseconsolidatedfinancialstatementsincorporatedbyreferenceintothisprospectussupplementandtheaccompanyingprospectus.

Tesla,Inc.

Wedesign,develop,manufacture,leaseandsellhigh-performancefullyelectricvehicles,solarenergygenerationsystemsandenergystorageproducts.Wealsooffermaintenance,installation,operation,financialandotherservicesrelatedtoourproducts.Wearetheworldsfirstverticallyintegratedsustainableenergycompany,offeringend-to-endcleanenergyproducts,includinggeneration,storageandconsumption.Wegenerallysellourproductsdirectlytocustomers,includingthroughourwebsiteandretaillocations.Wealsocontinuetogrowourcustomer-facinginfrastructurethroughaglobalnetworkofvehicleservicecenters,MobileServicetechnicians,bodyshops,SuperchargerstationsandDestinationChargerstoacceleratethewidespreadadoptionofourproducts.Weemphasizeperformance,attractivestylingandthesafetyofourusersandworkforceinthedesignandmanufactureofourproducts,andarecontinuingtodevelopfullself-drivingtechnologyforimprovedsafety.Wealsostrivetolowerthecostofownershipforourcustomersthroughcontinuouseffortstoreducemanufacturingcostsandbyofferingfinancialservicestailoredtoourvehicles.Oursustainableenergyproducts,engineeringexpertise,intensefocustoacceleratetheworldstransitiontosustainableenergyandachievethebenefitsofautonomousdriving,andbusinessmodeldifferentiateusfromothercompanies.

Wecurrentlyofferorareplanningtointroduceelectricvehiclestoaddressawiderangeofconsumerandcommercialvehiclemarkets,includingModel3,ModelY,ModelS,ModelX,Cybertruck,TeslaSemiandanewTeslaRoadster.Inordertomeetcustomersrange,functionalityandperformanceexpectations,wehaveemployedourconsiderabledesignandvehicleengineeringcapabilitiestoovercomethedesign,stylingandperformanceissuesthathavehistoricallylimitedbroadadoptionofelectricvehicles.Combinedwithtechnicaladvancementsinourpowertrainsystem,AutopilotandFullSelf-Drivinghardware,andneuralnet,ourelectricvehiclesboastadvantagessuchasleadingrangeandrechargingflexibility;superioracceleration,handlingandsafetycharacteristics;auniquesuiteofuserconvenienceandinfotainmentfeatures;theabilitytohaveadditionalfeaturesenabledthroughover-the-airupdates;andsavingsincharging,maintenanceandothercostsofownership.

Infurtheranceofourmissiontoacceleratetheworldstransitiontosustainableenergy,wehavealsodevelopedanexpertiseinsolarenergysystems.Wesellandleaseretrofitsolarenergysystemsforresidentialandcommercialcustomers,andalternativelyprovidecertaincustomerswithaccesstooursolarenergysystemsthroughpowerpurchaseorsubscription-basedarrangements.WealsooffertheSolarRoof,whichfeaturesattractiveanddurableglassrooftilesintegratedwithsolarenergygeneration.Ourapproachtothesolarbusinessemphasizessimplicity,standardizationandaccessibilitytomakeiteasyandcost-effectiveforcustomerstoadoptcleanenergy,whilereducingourcustomeracquisitioncosts.Finally,wehaveleveragedourtechnologicalexpertiseinbatteries,energy

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management,powerelectronics,andintegratedsystemsfromourvehiclepowertrainsystemstodevelopandmanufactureenergystorageproducts,includingPowerwall,PowerpackandMegapack.Thesescalablesystemsmaybeusedinhomes,commercialfacilitiesandontheutilitygrid,andarecapableofnumerousapplicationsincludingbackuporoff-gridpower,peakdemandreduction,demandresponse,reducingintermittencyofrenewableenergygeneration,facilitationoftheuseofrenewableenergygenerationoverfossilfuelgeneration,andothergridservicesandwholesaleelectricmarketservices.Drawingonoursolarbusinessexpertise,wecanalsoofferintegratedsystems,combiningenergygenerationandstorage.Likeourvehicles,ourenergystorageproductscanberemotelyupdatedover-the-airwithsoftwareorfirmwareimprovements.

WemanufactureourproductsandrelatedcomponentsprimarilyatourFremontFactoryandatnearbyfacilitiesintheBayArea,California;GigafactoryNevadanearReno,Nevada;GigafactoryNewYorkinBuffalo,NewYork;andGigafactoryShanghaiinChina.Wearealsobuildingournextfactories,GigafactoryBerlinandGigafactoryTexas,atsiteswehaveselectednearBerlin,GermanyandAustin,Texas,respectively.Wehavethecapacityinstalledtoproduceanddeliver500,000vehiclesthisyear.Whileachievingthisgoalhasbecomemoredifficult,deliveringhalfamillionvehiclesin2020remainsourtarget.AchievingthistargetdependsprimarilyonquarteroverquarterincreasesinModelYandShanghaiproduction,aswellasfurtherimprovementsinlogisticsanddeliveryefficiencyathighervolumelevels.

Wewereincorporatedin2003inDelaware.AsofSeptember30,2020,ourfull-timecountforourandoursubsidiariesemployeesworldwidewas60,310.WeareheadquarteredinPaloAlto,California.Ourprincipalexecutiveofficesarelocatedat3500DeerCreekRoad,PaloAlto,California94304,andourtelephonenumberatthislocationis(650)681-5000.WecompletedourinitialpublicofferinginJuly2010andourcommonstockislistedontheNasdaqGlobalSelectMarketunderthesymbolTSLA.Ourwebsiteaddressiswww.tesla.com.Informationcontainedon,orcanbeaccessedthrough,ourwebsiteisnotincorporatedbyreferenceintothisprospectussupplementortheaccompanyingprospectusandyoushouldnotconsidersuchinformationtobepartofthisprospectussupplementortheaccompanyingprospectus.

TheTesladesignlogo,Tesla,ModelS,ModelX,Model3,ModelY,TeslaRoadster,TeslaSemi,Cybertruck,Powerwall,Powerpack,Megapack,SolarRoof,andothertrademarksorservicemarksofTeslaappearinginthisprospectussupplementandtheaccompanyingprospectusarethepropertyofTesla.

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THEOFFERINGIssuer Tesla,Inc.,aDelawarecorporation.

Commonstockweareoffering Sharesofourcommonstockhavinganaggregateofferingpriceofupto$5.0billion.

Commonstocktobeoutstandingafterthisoffering Upto955,644,795sharesofourcommonstock,assumingsalesof7,791,074sharesinthisofferingatapriceof$641.76pershare,whichwastheclosingpriceontheNasdaqGlobalSelectMarketonDecember7,2020.Theactualnumberofsharesissuedwillvarydependingonthesalespriceunderthisofferingand,inanyevent,maynotexceedthenumberofauthorizedandavailablesharesunderouramendedandrestatedcertificateofincorporation.

Mannerofoffering Sales,ifany,maybemadefromtimetotimethroughGoldmanSachs&Co.LLC,CitigroupGlobalMarketsInc.,BarclaysCapitalInc.,BNPParibasSecuritiesCorp.,BofASecurities,Inc.,CreditSuisseSecurities(USA)LLC,DeutscheBankSecuritiesInc.,MorganStanley&Co.LLC,SGAmericasSecurities,LLCandWellsFargoSecurities,LLC,orthesalesagentsasdescribedundertheheadingPlanofDistributiononpageS-19.

Useofproceeds Weintendtousethenetproceeds,ifany,fromthisofferingtofurtherstrengthenourbalancesheet,aswellasforgeneralcorporatepurposes.SeeUseofProceedsonpageS-8.

Riskfactors SeeRiskFactorsandotherinformationincludedorincorporatedbyreferenceinthisprospectussupplementandtheaccompanyingprospectusforadiscussionoffactorsyoushouldconsidercarefullybeforeinvestinginourcommonstock.

NasdaqGlobalSelectMarketsymbol TSLA

Thenumberofsharesofcommonstockthatwillbeoutstandingafterthisofferingisbasedon947,853,721sharesoutstandingasofSeptember30,2020andexcludes:

145,500,881sharesofcommonstockissuableupontheexerciseofoptionsoutstandingatSeptember30,2020ataweightedaverageexercisepriceof$61.14pershare;

20,901,857sharesofcommonstockissuableuponthevestingofrestrictedstockunitsoutstandingatSeptember30,2020;

86,400,273sharesofcommonstockreservedforfutureissuanceunderourstock-basedcompensationplans,consistingof52,118,847sharesofcommonstockreservedforissuanceunderour2019EquityIncentivePlanand34,281,426sharesofcommonstockreservedforissuanceunderour2019EmployeeStockPurchasePlan;

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thesharesofcommonstockreservedforissuanceuponconversionofour1.25%ConvertibleSeniorNotesduein2021,orthe2021Notes,our2.375%ConvertibleSeniorNotesduein2022,orthe2022Notes,andour2.00%ConvertibleSeniorNotesduein2024,orthe2024Notes,orcollectively,ourExistingNotes,andthewarranttransactionsenteredintoinconnectionwiththeissuanceofourExistingNotes;and

thesharesofcommonstockreservedforissuanceuponconversionof(i)theZero-CouponConvertibleSeniorNotesduein2020issuedbySolarCityCorporation,orSolarCity,andconvertibleintosharesofourcommonstockasaresultofouracquisitionofSolarCity,and(ii)the5.50%ConvertibleSeniorNotesduein2022issuedbyMaxwellTechnologies,Inc.,orMaxwell,andconvertibleintosharesofourcommonstockasaresultofouracquisitionofMaxwell,ortogether,theSubsidiaryConvertibleNotes.

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RISKFACTORS

Investinginourcommonstockinvolvesahighdegreeofrisk.Inadditiontotheotherinformationcontainedinthisprospectussupplement,theaccompanyingprospectusandindocumentsthatweincorporatebyreference,youshouldcarefullyconsidertherisksdiscussedbelowandinthesectiontitledRiskFactorsinourAnnualReportonForm10-KforthefiscalyearendedDecember31,2019andourQuarterlyReportsonForm10-QforthefiscalquartersendedMarch31,2020,June30,2020andSeptember30,2020beforemakingadecisionaboutinvestinginoursecurities.TherisksanduncertaintiesdiscussedbelowandinourAnnualReportonForm10-KforthefiscalyearendedDecember31,2019andourQuarterlyReportsonForm10-QforthefiscalquartersendedMarch31,2020,June30,2020andSeptember30,2020arenottheonlyonesfacingus.Additionalrisksanduncertaintiesnotpresentlyknowntous,orthatwecurrentlyseeasimmaterial,mayalsoharmourbusiness.Ifanyoftheserisksoccur,ourbusiness,financialconditionandoperatingresultscouldbeharmed,thetradingpriceofourcommonstockcoulddeclineandyoucouldlosepartorallofyourinvestment.

RisksRelatedtotheOfferingandOurCommonStock

Thetradingpriceofourcommonstockislikelytocontinuetobevolatile.Thetradingpriceofourcommonstockhasbeenhighlyvolatileandcouldcontinuetobesubjecttowidefluctuations

inresponsetovariousfactors,someofwhicharebeyondourcontrol.Ourcommonstockhasexperiencedanintra-daytradinghighof$648.79pershareandalowof$67.02pershare(asadjustedtogiveeffecttothefive-for-onesplitofourcommonstockintheformofastockdividendonAugust28,2020)overthelast52weeks.Thestockmarketingeneral,andthemarketfortechnologycompaniesinparticular,hasexperiencedextremepriceandvolumefluctuationsthathaveoftenbeenunrelatedordisproportionatetotheoperatingperformanceofthosecompanies.Inparticular,alargeproportionofourcommonstockhasbeenandmaycontinuetobetradedbyshortsellerswhichmayputpressureonthesupplyanddemandforourcommonstock,furtherinfluencingvolatilityinitsmarketprice.Publicperceptionandotherfactorsoutsideofourcontrolmayadditionallyimpactthestockpriceofcompanieslikeusthatgarneradisproportionatedegreeofpublicattention,regardlessofactualoperatingperformance.Inaddition,inthepast,followingperiodsofvolatilityintheoverallmarketandthemarketpriceofaparticularcompanyssecurities,securitiesclassactionlitigationhasoftenbeeninstitutedagainstthesecompanies.Moreover,stockholderlitigationlikethishasbeenfiledagainstusinthepast.Whilewearecontinuingtodefendsuchactionsvigorously,anyjudgmentagainstusoranyfuturestockholderlitigationcouldresultinsubstantialcostsandadiversionofourmanagementsattentionandresources.

Wemayfailtomeetourpubliclyannouncedguidanceorotherexpectationsaboutourbusiness,whichcouldcauseourstockpricetodecline.

Weprovideguidanceregardingourexpectedfinancialandbusinessperformance,suchasprojectionsregardingsalesandproduction,aswellasanticipatedfuturerevenues,grossmargins,profitabilityandcashflows.Correctlyidentifyingkeyfactorsaffectingbusinessconditionsandpredictingfutureeventsisinherentlyanuncertainprocess,andourguidancemaynotultimatelybeaccurateandhasinthepastbeeninaccurateincertainrespects,suchasthetimingofnewproductmanufacturingramps.Ourguidanceisbasedoncertainassumptionssuchasthoserelatingtoglobalandlocaleconomicconditions,anticipatedproductionandsalesvolumes(whichgenerallyarenotlinearthroughoutagivenperiod),averagesalesprices,supplierandcommoditycosts,andplannedcostreductions.Ifourguidanceisnotaccurateorvariesfromactualresultsduetoourinabilitytomeetourassumptionsortheimpactonourfinancialperformancethatcouldoccurasaresultofvariousrisksanduncertainties,themarketvalueofourcommonstockcoulddeclinesignificantly.

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Futuresalesofourcommonstockinthepublicmarketcouldlowerthemarketpriceforourcommonstock.Inthefuture,wemayselladditionalsharesofourcommonstocktoraisecapital.Inaddition,asubstantialnumber

ofsharesofourcommonstockarereservedforissuanceuponconversionofouroutstandingconvertiblenotes,theexerciseofouroutstandingwarrants,ouroutstandingstockoptions,orthevestingofouroutstandingrestrictedstockunits.Wecannotpredictthesizeoffutureissuancesortheeffect,ifany,thattheymayhaveonthemarketpriceforourcommonstock.Theissuanceandsaleofsubstantialamountsofcommonstock,ortheperceptionthatsuchissuancesandsalesmayoccur,couldadverselyaffectthetradingpriceofourcommonstockandthemarketpriceofourcommonstockandimpairourabilitytoraisecapitalthroughthesaleofadditionalequitysecurities.AsofSeptember30,2020,aftergivingeffecttothisoffering,therewouldhavebeenapproximately956millionsharesofourcommonstockoutstanding,whichwillbefreelytransferablewithoutrestrictionorfurtherregistrationunderthefederalsecuritieslaws,exceptforanysharesheldbyouraffiliates,salesofwhichwillbelimitedbyRule144undertheSecuritiesAct,absentregistrationundertheSecuritiesActandforcertainlimitedcontractualrestrictionsapplicabletocertainshares.

Thecommonstockofferedherebywillbesoldinat-the-marketofferings,andinvestorswhobuysharesatdifferenttimeswilllikelypaydifferentprices.

Investorswhopurchasesharesinthisofferingatdifferenttimeswilllikelypaydifferentprices,andsomayexperiencedifferentoutcomesintheirinvestmentresults.Wewillhavediscretion,subjecttomarketdemand,tovarythetiming,prices,andnumbersofsharessold,andthereisnominimumormaximumsalesprice.Investorsmayexperienceadeclineinthevalueoftheirsharesasaresultofsharesalesmadeatpriceslowerthanthepricestheypaid.

Theactualnumberofshareswewillissueundertheequitydistributionagreement,atanyonetimeorintotal,isuncertain.

Subjecttocertainlimitationsintheequitydistributionagreementandcompliancewithapplicablelaw,wehavethediscretiontodeliverasalesnoticetothesalesagentsatanytimethroughoutthetermoftheequitydistributionagreement.Thenumberofsharesthataresoldbythesalesagentsafterdeliveringasalesnoticewillfluctuatebasedonthemarketpriceofthesharesofcommonstockduringthesalesperiodandlimitswesetwiththesalesagents.Becausethepricepershareofeachsharesoldwillfluctuatebasedonthemarketpriceofourcommonstockduringthesalesperiod,itisnotpossibleatthisstagetopredictthenumberofsharesthatwillbeultimatelyissued.

ElonMuskhaspledgedsharesofourcommonstocktosecurecertainbankborrowings.Ifthesesharesaresoldpursuanttothepledges,suchsalescouldcauseourstockpricetodecline.

CertainbankinginstitutionshavemadeextensionsofcredittoElonMusk,ourChiefExecutiveOfficer.Wearenotapartytotheseloans,whicharepartiallysecuredbypledgesofaportionofourcommonstockcurrentlyownedbyMr.Musk.IfthepriceofourcommonstockweretodeclinesubstantiallyandMr.Muskwereunabletoavoidasaleofthepledgedshares(forexample,bycontributingadditionalcollateralorreducinghisleverage),Mr.Muskmaybeforcedbyoneormoreofthebankinginstitutionstosellsharesofourcommonstockunderthetermsofhisloans.Anysuchsalescouldcausethepriceofourcommonstocktodecline.

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Anti-takeoverprovisionscontainedinourgoverningdocuments,applicablelawsandourconvertiblenotescouldimpairatakeoverattempt.

Ourcertificateofincorporationandbylawsaffordcertainrightsandpowerstoourboardofdirectorsthatcouldcontributetothedelayorpreventionofanacquisitionthatitdeemsundesirable.WearealsosubjecttoSection203oftheDelawareGeneralCorporationLawandotherprovisionsofDelawarelawthatlimittheabilityofstockholdersincertainsituationstoeffectcertainbusinesscombinations.Inaddition,thetermsofourconvertiblenotesrequireustorepurchasesuchnotesintheeventofafundamentalchange,includingatakeoverofourcompany.Anyoftheforegoingprovisionsandtermsthathastheeffectofdelayingordeterringachangeincontrolcouldlimittheopportunityforourstockholderstoreceiveapremiumfortheirsharesofourcommonstock,andcouldalsoaffectthepricethatsomeinvestorsarewillingtopayforourcommonstock.

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USEOFPROCEEDS

Wemayissueandsellsharesofourcommonstockhavingaggregatesalesproceedsofupto$5.0billionfromtimetotime.Becausethereisnominimumofferingamountrequiredasaconditiontoclosethisoffering,theactualtotalpublicofferingamount,commissionsandproceedstous,ifany,arenotdeterminableatthistime.

Wecurrentlyintendtousethenetproceedsfromthisofferingtofurtherstrengthenourbalancesheet,aswellasforgeneralcorporatepurposes.Pendinguseoftheproceedsasdescribedabove,weintendtoinvesttheproceedsinhigh-gradeinvestments,highlyliquidcashequivalentsorUnitedStatesgovernmentsecurities,subjecttoapplicableregulatoryrestrictions.

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DESCRIPTIONOFCOMMONSTOCK

Forasummaryofourcommonstockandcertainprovisionsofouramendedandrestatedcertificateofincorporationandamendedandrestatedbylaws,pleaserefertotheDescriptionofRegistrantsSecurities,filedasExhibit4.119toourAnnualReportonForm10-KforthefiscalyearendedDecember31,2019,filedwiththeSEConFebruary13,2020,whichisincorporatedbyreferenceherein.Thissummarydoesnotpurporttobecompleteandisqualifiedinitsentiretybytheprovisionsofouramendedandrestatedcertificateofincorporationandamendedandrestatedbylaws,copiesofwhichhavebeenpreviouslyfiledwiththeSEC,andapplicableprovisionsofDelawarelaw.

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MARKETINFORMATION

OurcommonstockistradedontheNasdaqGlobalSelectMarketunderthesymbolTSLA.Weestimatethattherewereapproximately4,486holdersofrecordofourcommonstockasofDecember3,2020.

DIVIDENDPOLICY

Wehaveneverdeclaredorpaidcashdividendsonourcommonstock.Wecurrentlydonotanticipatepayinganycashdividendsintheforeseeablefuture.Additionally,ourabilitytopaydividendsonourcommonstockislimitedbyrestrictionsonourabilitytopaydividendsormakedistributionsunderthetermsofourcreditfacilities.Anyfuturedeterminationtodeclarecashdividendswillbemadeatthediscretionofourboardofdirectors,subjecttoapplicablelawsandcompliancewithfuturecreditagreementsandotherloanarrangements,whichmayrestrictorlimitourabilitytopaydividends,andwilldependonourfinancialcondition,resultsofoperations,capitalrequirements,generalbusinessconditionsandotherfactorsthatourboardofdirectorsmaydeemrelevant.

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CAPITALIZATION

Thefollowingtablesetsforthourcashandcashequivalents,restrictedcash,currentportionofdebtandfinanceleases,andtotalcapitalizationasofSeptember30,2020:

onanunauditedactualbasis;and

onanunauditedas-adjustedbasistogiveeffecttothesaleofanetaggregateamountof$4.99billionofourcommonstockofferedherebybasedonthesaleof7,791,074sharesofcommonstockattheassumedofferingpriceof$641.76pershare,whichwasthelastreportedsalepriceofourcommonstockonDecember7,2020,afterdeductingestimatedcommissionsof0.25%andourestimatedofferingexpensesof$0.5million.

YoushouldreadthistableinconjunctionwithUseofProceedsaswellasourManagementsDiscussionandAnalysisofFinancialConditionandResultsofOperationsandourconsolidatedfinancialstatements,includingtherelatednotes,incorporatedbyreferenceintothisprospectussupplementandtheaccompanyingprospectusfromourAnnualReportonForm10-KforthefiscalyearendedDecember31,2019andourQuarterlyReportsonForm10-QforthefiscalquartersendedMarch31,2020,June30,2020andSeptember30,2020,incorporatedbyreferenceherein.Operatingleaseliabilitiesarecharacterizedasoperatingliabilitiesratherthandebt,andarethereforenotincludedinthetablebelow. AsofSeptember30,2020

Actual

AsAdjustedfor

thisOffering (unaudited) (inmillions,exceptpersharedata) Cashandcashequivalents $ 14,531 $ 19,518

Restrictedcash(1) $ 472 $ 472

Currentportionofdebtandfinanceleases: 2021Notes(2) $ 1,350 $ 1,350

2022Notes(2) $ 249 $ 249

2024Notes(2) $ 32 $ 32

Othercurrentportionofdebtandfinanceleases $ 1,495 $ 1,495

Debt,netofcurrentportion: 2022Notes(2) $ 678 $ 6782024Notes(2) 1,413 1,4135.30%SeniorNotesduein2025 1,784 1,784

Otherdebtandfinanceleases,netofcurrentportion(3) 6,684 6,684Convertibleseniornotes(2) 48 48Stockholdersequity: Preferredstock,parvalue$0.001;100sharesauthorized,nosharesissuedandoutstanding,actual;nosharesissuedandoutstanding,asadjusted

Commonstock,parvalue$0.001;2,000sharesauthorized;948sharesissuedandoutstanding,actual;956sharesissuedandoutstanding,as-adjusted 1 1

Additionalpaid-incapital 21,574 26,561Accumulatedothercomprehensiveincome 125 125Accumulateddeficit (5,669) (5,669)

Totalstockholdersequity 16,031 21,018

Totalcapitalization $ 26,638 $ 31,625

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(1) Wemaintaincertaincashbalancesrestrictedastowithdrawaloruse.Ourrestrictedcashiscomprisedprimarilyof

cashascollateralforoursalestoleasepartnerswitharesalevalueguarantee,lettersofcredit,realestateleases,insurancepolicies,creditcardborrowingfacilitiesandcertainoperatingleases.Inaddition,restrictedcashincludescashreceivedfromcertainfundinvestorsthathavenotbeenreleasedforusebyusandcashheldtoservicecertainpaymentsundervarioussecureddebtfacilities.Werecordrestrictedcashasotherassetsintheconsolidatedbalancesheetsanddeterminecurrentornon-currentclassificationbasedontheexpecteddurationoftherestriction.

(2) InaccordancewithASC470-20,convertibledebtthatmaybewhollyorpartiallysettledincashisrequiredtobeseparatedintoaliabilityandanequitycomponent,suchthatinterestexpensereflectstheissuersnonconvertibledebtinterestrate.Uponissuance,adebtdiscountisrecognizedasadecreaseindebtandanincreaseinequity.Thedebtcomponentaccretesuptotheprincipalamountovertheexpectedtermofthedebt.Theamountshowninthetableaboveforthe2021Notes,2022Notes,and2024NotesreflectsthecarryingvalueasofSeptember30,2020.ASC470-20doesnotaffecttheactualamountthatwearerequiredtorepay.Wehad$1.38billioninaggregateprincipalamountofthe2021Notes,$977millioninaggregateprincipalamountofthe2022Notes,and$1.83billioninaggregateprincipalamountofthe2024NotesoutstandingasofSeptember30,2020.Asthesettlementofconversionofthe2021Noteswouldbeincashfortheprincipalamountand,ifapplicable,cashand/orsharesofourcommonstockforanyconversionpremiumatourelection,wereclassified$26million,representingthedifferencebetweentheaggregateprincipalamountofour2021NotesandthecarryingvalueasofSeptember30,2020,asmezzanineequityfrompermanentequityonourconsolidatedbalancesheetasofSeptember30,2020.Additionally,wereclassified$13millionand$9million,respectively,representingthedifferencebetweenthecurrentportionofaggregateprincipalofthe2022Notesandthe2024NotesandthecurrentportionofthecarryingvalueasofSeptember30,2020,asmezzanineequityfrompermanentequityonourconsolidatedbalancesheetasofSeptember30,2020.

(3) AsofSeptember30,2020,$1.89billionwasoutstandingunderourseniorsecuredasset-backedrevolvingcreditagreement.

Thenumberofsharesofcommonstockthatwillbeoutstandingafterthisofferingisbasedon947,853,721sharesoutstandingasofSeptember30,2020andexcludes:

145,500,881sharesofcommonstockissuableupontheexerciseofoptionsoutstandingatSeptember30,2020ataweightedaverageexercisepriceof$61.14pershare;

20,901,857sharesofcommonstockissuableuponthevestingofrestrictedstockunitsoutstandingatSeptember30,2020;

86,400,273sharesofcommonstockreservedforfutureissuanceunderourstock-basedcompensationplans,consistingof52,118,847sharesofcommonstockreservedforissuanceunderour2019EquityIncentivePlanand34,281,426sharesofcommonstockreservedforissuanceunderour2019EmployeeStockPurchasePlan;

thesharesofcommonstockreservedforissuanceuponconversionofourExistingNotes,andthewarranttransactionsenteredintoinconnectionwiththeissuanceofthesenotes;and

thesharesofcommonstockreservedforissuanceuponconversionofourSubsidiaryConvertibleNotes.

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DILUTION

AsofSeptember30,2020,wehadanettangiblebookvalueofapproximately$15.51billionor$16.36pershareofcommonstock,basedupon947,853,721sharesofcommonstockoutstandingonsuchdate.Nettangiblebookvaluepersharerepresentstheamountofourtotaltangibleassetsreducedbytheamountofourtotalliabilities,non-controllinginterestsandmezzanineequityanddividedbythetotalnumberofsharesofcommonstockoutstanding.

Dilutioninnettangiblebookvaluepersharetonewinvestorsinthisofferingrepresentsthedifferencebetweentheamountpersharepaidbypurchasersofsharesofcommonstockinthisofferingandthenettangiblebookvaluepershareofcommonstockimmediatelyafterthecompletionofthisoffering.Aftergivingeffecttothesaleofsharesofourcommonstockintheaggregateamountof$5.0billionatanassumedofferingpriceof$641.76pershare,whichwasthelastreportedsalespriceofourcommonstockonDecember7,2020andafterdeductingestimatedcommissionsandourestimatedofferingexpenses,ournettangiblebookvalueasofSeptember30,2020wouldhavebeen$20.50billion,or$21.45pershareofcommonstock.Thisrepresentsanimmediateincreaseinnettangiblebookvalueof$5.09persharetoexistingstockholdersandanimmediatedilutionof$620.31persharetonewinvestorsinourcommonstock.Thefollowingtableillustratesthisdilutiononapersharebasis.Assumedofferingpricepershare $641.76NettangiblebookvaluepershareasofSeptember30,2020,beforegivingeffecttothisoffering $16.36Increaseinnettangiblebookvaluepershareattributedtonewinvestorspurchasingsharesinthisoffering 5.09

Nettangiblebookvaluepershareaftergivingeffecttothisoffering $ 21.45

Dilutionpersharetonewinvestorsinthisoffering $620.31

Thetableaboveassumesforillustrativepurposesthatanaggregateof7,791,074sharesofourcommonstockaresoldduringthetermoftheequitydistributionagreementwiththesalesagentsatapriceof$641.76pershare,whichwasthelastreportedsalepriceofourcommonstockonDecember7,2020,foraggregategrossproceedsof$5.0billion.Thesharessubjecttotheequitydistributionagreementwiththesalesagentsarebeingsoldfromtimetotimeatvariousprices.Theinformationdiscussedaboveisillustrativeonlyandwilladjustbasedontheactualofferingpriceandtheactualnumberofsharesthatwearesoldduringthetermoftheequitydistributionagreement.

Theforegoingtabledoesnottakeintoeffectfurtherdilutiontonewinvestorsthatcouldoccurupontheexerciseofoutstandingoptionshavingapershareexercisepricelessthantheofferingpricepershareinthisofferingorthevestingofrestrictedstockunits.

Thenumberofsharesofcommonstockthatwillbeoutstandingafterthisofferingisbasedon947,853,721sharesoutstandingasofSeptember30,2020andexcludes:

145,500,881sharesofcommonstockissuableupontheexerciseofoptionsoutstandingatSeptember30,2020ataweightedaverageexercisepriceof$61.14pershare;

20,901,857sharesofcommonstockissuableuponthevestingofrestrictedstockunitsoutstandingatSeptember30,2020;

86,400,273sharesofcommonstockreservedforfutureissuanceunderourstock-basedcompensationplans,consistingof52,118,847sharesofcommonstockreservedforissuanceunderour2019EquityIncentivePlanand34,281,426sharesofcommonstockreservedforissuanceunderour2019EmployeeStockPurchasePlan;

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thesharesofcommonstockreservedforissuanceuponconversionofourExistingNotes,andthewarranttransactionsenteredintoinconnectionwiththeissuanceofthesenotes;and

thesharesofcommonstockreservedforissuanceuponconversionofourSubsidiaryConvertibleNotes.

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MATERIALU.S.FEDERALINCOMETAXCONSEQUENCESFORNON-U.S.HOLDERS

ThefollowingisasummaryofthematerialU.S.federalincometaxconsequencesoftheownershipanddispositionofourcommonstocktonon-U.S.holders(asdefinedbelow),butdoesnotpurporttobeacompleteanalysisofallthepotentialtaxconsiderationsrelatingthereto.ThissummaryisbasedupontheprovisionsoftheInternalRevenueCodeof1986,asamended,ortheCode,Treasuryregulationspromulgatedthereunder,administrativerulingsandjudicialdecisions,allasofthedatehereof.Theseauthoritiesmaybechanged,possiblyretroactively,soastoresultinU.S.federalincometaxconsequencesdifferentfromthosesetforthbelow.WehavenotsoughtanyrulingfromtheInternalRevenueService,ortheIRS,withrespecttothestatementsmadeandtheconclusionsreachedinthefollowingsummary,andtherecanbenoassurancethattheIRSwillagreewithsuchstatementsandconclusions.

ThissummaryalsodoesnotaddressthetaxconsiderationsarisingunderthelawsofanystateoftheUnitedStatesoranylocal,non-U.S.orothertaxingjurisdictionorunderU.S.federalnon-incometaxlaws,suchasgiftandestatetaxlaws,orunderanyapplicabletaxtreaty.Inaddition,thisdiscussiondoesnotaddressanypotentialapplicationoftheMedicarecontributiontaxonnetinvestmentincomeoranytaxconsiderationsapplicabletoaninvestorsparticularcircumstancesortoinvestorsthatmaybesubjecttospecialtaxrules,including,withoutlimitation:

banksorotherfinancialinstitutions;

insurancecompanies;

personssubjecttothealternativeminimumtax;

tax-exemptorganizationsoraccounts;

controlledforeigncorporations,passiveforeigninvestmentcompaniesorcorporationsthataccumulateearningstoavoidU.S.federalincometax;

dealersinsecuritiesorcurrencies;

tradersinsecuritiesthatelecttouseamark-to-marketmethodofaccountingfortheirsecuritiesholdings;

personsthatown,oraredeemedtoown,morethan5%ofourcommonstock;

certainformercitizensorlong-termresidentsoftheUnitedStates;

partnershipsandotherpasthroughentities(andinvestorstherein);

personswhoholdourcommonstockasapositioninahedgingtransaction,straddle,conversiontransactionorotherriskreductiontransaction;

personswhodonotholdourcommonstockasacapitalassetwithinthemeaningofSection1221oftheCode(generally,forinvestmentpurposes);

personsdeemedtosellourcommonstockundertheconstructivesaleprovisionsoftheCode;or

personsrequiredunderSection451(b)oftheCodetoconformthetimingofincomeaccrualswithrespecttoourcommonstocktotheirfinancialstatements.

Inaddition,ifapartnership,includinganyentityorarrangement,domesticorforeign,classifiedasapartnershipforU.S.federalincometaxpurposes,holdsourcommonstock,thetaxtreatmentofapartnergenerallywilldependonthestatusofthepartnerandtheactivitiesofthepartnership.Accordingly,partnershipsthatholdourcommonstock,andpartnersinsuchpartnerships,shouldconsulttheirtaxadvisors.

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YouareurgedtoconsultyourtaxadvisorwithrespecttotheapplicationoftheU.S.federalincometaxlawstoyourparticularsituation,aswellasanytaxconsequencesofthepurchase,ownershipanddispositionofourcommonstockarisingundertheU.S.federalestateorgifttaxrulesorunderthelawsofanystateoftheUnitedStatesoranylocal,non-U.S.orothertaxingjurisdiction,orunderanyapplicabletaxtreaty.

Non-U.S.HolderDefined

Forpurposesofthisdiscussion,youareanon-U.S.holderifyouareabeneficialownerofourcommonstockthatisnot,forU.S.federalincometaxpurposes,anyofthefollowing:

anindividualwhoisacitizenorresidentoftheUnitedStates;

acorporationorotherentitytaxableasacorporationcreatedororganizedintheUnitedStatesorunderthelawsoftheUnitedStates,anystatethereofortheDistrictofColumbia;

anestatewhoseincomeissubjecttoU.S.federalincometaxregardlessofitssource;

atrust(x)theadministrationofwhichissubjecttotheprimarysupervisionofaU.S.courtandthathasoneormoreU.S.personswhohavetheauthoritytocontrolallsubstantialdecisionsofthetrustor(y)thathasavalidelectionineffecttobetreatedasaU.S.person;or

anentityorarrangement,domesticorforeign,classifiedasapartnershipforU.S.federalincometaxpurposes.

Distributions

Ifwemakedistributionsonourcommonstock,thosepaymentswillconstitutedividendsforU.S.federalincometaxpurposestotheextentpaidfromourcurrentoraccumulatedearningsandprofits,asdeterminedunderU.S.federalincometaxprinciples.Totheextentthosedistributionsexceedbothourcurrentandouraccumulatedearningsandprofits,theywillconstituteareturnofcapitalandwillfirstreduceyourbasisinourcommonstock(determinedseparatelywithrespecttoeachshareofourcommonstock),butnotbelowzero,andthenwillbetreatedasgainfromthesaleofthatstock.

AnydividendpaidtoyougenerallywillbesubjecttoU.S.withholdingtaxeitheratarateof30%ofthegrossamountofthedividendorsuchlowerrateasmaybespecifiedbyanapplicableincometaxtreaty.Inordertoreceiveareducedtreatyrate,youmustprovidetheapplicablewithholdingagentwithanIRSFormW-8BEN,IRSFormW-8BEN-EorotherappropriateversionofIRSFormW-8certifyingqualificationforthereducedrate.Ifyouholdourcommonstockthroughafinancialinstitutionorotheragentactingonyourbehalf,youwillberequiredtoprovideappropriatedocumentationtotheagent,whothenwillberequiredtoprovidetherequiredcertificationtotheapplicablewithholdingagent,eitherdirectlyorthroughotherintermediaries.Youshouldconsultyourtaxadvisorregardingyourentitlementtobenefitsunderanyapplicableincometaxtreaty.YougenerallywillbeabletoobtainarefundofanyexcessamountscurrentlywithheldifyoufileanappropriateclaimforrefundwiththeIRS.

DividendsreceivedbyyouthatareeffectivelyconnectedwithyourconductofaU.S.tradeorbusiness(and,ifanincometaxtreatyapplies,areattributabletoapermanentestablishmentorfixedbasemaintainedbyyouintheUnitedStates)generallyareexemptfromsuchwithholdingtax.Inordertoobtainthisexemption,yougenerallymustprovidetheapplicablewithholdingagentwithanIRSFormW-8ECIproperlycertifyingsuchexemption.Sucheffectivelyconnecteddividends,althoughnotsubjecttowithholdingtax,aretaxedatthesamegraduatedratesapplicabletoU.S.persons,netofcertaindeductionsandcredits,subjecttoanapplicableincometaxtreatyprovidingotherwise.Inaddition,ifyouareacorporatenon-U.S.holder,dividendsyoureceivethatareeffectivelyconnectedwithyour

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conductofaU.S.tradeorbusiness(and,ifanincometaxtreatyapplies,areattributabletoapermanentestablishmentorfixedbasemaintainedbytheyouintheUnitedStates)mayalsobesubjecttoabranchprofitstaxatarateof30%orsuchlowerrateasmaybespecifiedbyanapplicableincometaxtreaty.

GainonSaleorOtherDispositionofCommonStock

SubjecttothediscussionbelowundertheheadingsBackupWithholdingandInformationReportingandForeignAccounts,yougenerallywillnotberequiredtopayU.S.federalincometaxonanygainrealizeduponthesaleorotherdispositionofourcommonstockunless:

thegainiseffectivelyconnectedwithyourconductofaU.S.tradeorbusiness(and,ifanincometaxtreatyapplies,thegainisattributabletoapermanentestablishmentorfixedbasemaintainedbyyouintheUnitedStates),inwhichcaseyouwillberequiredtopaytaxonthenetgainderivedfromthesaleorotherdispositionunderregulargraduatedU.S.federalincometaxrates.Ifyouareanon-U.S.holderthatisacorporation,youmayalsobesubjecttothebranchprofitstaxata30%rateorsuchlowerrateasmaybespecifiedbyanapplicableincometaxtreaty;

youareanindividualwhoispresentintheUnitedStatesforaperiodorperiodsaggregating183daysormoreduringthecalendaryearinwhichthesaleorotherdispositionoccursandcertainotherconditionsaremet,inwhichcaseyouwillberequiredtopayaflat30%tax(orlowerapplicabletreatyrate)onthegainderivedfromthesaleorotherdisposition,whichgainmaybeoffsetbycertainU.S.sourcecapitallosses(eventhoughyouarenotconsideredaresidentoftheUnitedStates);providedthatyouhavetimelyfiledU.S.federalincometaxreturnswithrespecttosuchlosses;or

therulesoftheForeignInvestmentinRealPropertyTaxAct(orFIRPTA)(describedbelow)treatthegainaseffectivelyconnectedwithaU.S.tradeorbusiness.

TheFIRPTArulesmayapplytoyoursaleorotherdispositionofourcommonstockifwecurrentlyare,orwereatanytimewithinfiveyearsbeforesuchsaleordisposition(or,ifshorter,yourholdingperiodforthecommonstockdisposedof),aUnitedStatesrealpropertyholdingcorporation(orUSRPHC).Ingeneral,wewouldbeaUSRPHCifU.S.realpropertyinterestscomprisedatleast50%ofthefairmarketvalueofourworldwiderealpropertyinterestsandassetsusedorheldforuseinatradeorbusiness.Webelievethatwecurrentlyarenot,andwillnotbecomeinthefuture,aUSRPHC.

BackupWithholdingandInformationReporting

Theamountofdividendspaidtoyou,yournameandaddress,andtheamountoftaxwithheld,ifany,willgenerallybereportedtotheIRSannually.Asimilarreportwillbesenttoyou.Pursuanttoapplicableincometaxtreatiesorotheragreements,theIRSmaymakethesereportsavailabletotaxauthoritiesinyourcountryofresidence.

Yourproceedsonthedispositionofstockmaybesubjecttoinformationreporting,andpaymentsofdividendsandproceedsonthedispositionofstockmaybesubjecttobackupwithholdingatacurrentrateof24%unlessyouestablishanexemption,forexamplebyproperlycertifyingyournon-U.S.statusonanIRSFormW-8BEN,IRSFormW-8BEN-EoranotherappropriateversionofIRSFormW-8.Notwithstandingtheforegoing,backupwithholdingandinformationreportingmayapplyiftheapplicablewithholdingagenthasactualknowledge,orreasontoknow,thatyouareaU.S.person.

Backupwithholdingisnotanadditionaltax;rather,theU.S.incometaxliabilityofpersonssubjecttobackupwithholdingwillbereducedbytheamountoftaxwithheld.Ifwithholdingresultsinan

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overpaymentoftaxes,arefundorcreditmaygenerallybeobtainedfromtheIRS,providedthattherequiredinformationisfurnishedtotheIRSinatimelymanner.

ForeignAccounts

ProvisionsoftheCodecommonlyreferredtoastheForeignAccountTaxComplianceActandregulationsandrulesissuedthereunder(collectively,FATCA)mayimposewithholdingtaxoncertaintypesofpaymentsmadetoforeignfinancialinstitutionsandnon-financialforeignentitiesasdefinedintheCodeandapplicableTreasuryregulations.FATCAgenerallyimposesaU.S.federalwithholdingtaxof30%ondividendson,orgrossproceedsfromthesaleorotherdispositionof,ourcommonstockpaidto(i)aforeignfinancialinstitution,whethersuchforeignfinancialinstitutionisthebeneficialowneroranintermediary,unlesssuchinstitutionentersintoanagreementwiththeU.S.governmenttowithholdoncertainpaymentsandtocollectandprovidetotheU.S.taxauthoritiessubstantialinformationregardingU.S.accountholdersofsuchinstitution(whichincludescertainequityanddebtholdersofsuchinstitution,aswellascertainaccountholdersthatareforeignentitieswithU.S.owners)or(ii)anon-financialforeignentity,whethersuchnon-financialforeignentityisthebeneficialowneroranintermediary,unlesssuchentityprovidesacertificationthatthebeneficialownerofthepaymentdoesnothaveanysubstantialU.S.ownersorprovidesthewithholdingagentwithacertificationidentifyingthedirectandindirectU.S.ownersoftheentity.Undercertaincircumstances,anon-U.S.holdermightbeeligibleforrefundsorcreditsofsuchtaxes.Incertaincases,therelevantforeignfinancialinstitutionornon-financialforeignentitymayqualifyforanexemptionfrom,orbedeemedtobeincompliancewith,theserules.IfthecountryinwhichthepayeeisresidenthasenteredintoanintergovernmentalagreementwiththeUnitedStatesregardingFATCA,thepayeemaybepermittedtoreporttothatcountryinsteadoftheUnitedStates,andtheintergovernmentalagreementmayotherwisemodifytherequirementsdescribedinthisparagraph.TheTreasurySecretaryhasissuedproposedregulationsprovidingthatthewithholdingprovisionsunderFATCAdonotapplywithrespecttopaymentofgrossproceedsfromasaleorotherdispositionofourcommonstock,whichmayberelieduponbytaxpayersuntilfinalregulationsareissued.ProspectiveinvestorsareencouragedtoconsultwiththeirowntaxadvisorsregardingthepossibleimplicationsofFATCAontheirinvestmentinourcommonstock.

TheprecedingdiscussionofU.S.federalincometaxconsiderationsisforgeneralinformationonly.Itisnottaxadvice.EachprospectiveinvestorshouldconsultitsowntaxadvisorregardingtheparticularU.S.federal,state,localandnon-U.S.taxconsequencesofpurchasing,holdinganddisposingofourcommonstock,includingtheconsequencesofanyproposedchangeinapplicablelaws.

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PLANOFDISTRIBUTION

WehaveenteredintoanequitydistributionagreementwithGoldmanSachs&Co.LLC,CitigroupGlobalMarketsInc.,BarclaysCapitalInc.,BNPParibasSecuritiesCorp.,BofASecurities,Inc.,CreditSuisseSecurities(USA)LLC,DeutscheBankSecuritiesInc.,MorganStanley&Co.LLC,SGAmericasSecurities,LLCandWellsFargoSecurities,LLC,asoursalesagents,underwhichwemayofferandsellfromtimetotimeourcommonstockhavinganaggregateofferingpriceofupto$5.0billion.Thesalesagentsmayactasagentsonourbehalforpurchasesharesofourcommonstockasprincipal.

Sales,ifany,ofcommonstockundertheequitydistributionagreementmaybemadeinordinarybrokerstransactions,toorthroughamarketmaker,onorthroughtheNasdaqGlobalSelectMarketoranyothermarketvenuewherethesecuritiesmaybetraded,intheover-the-countermarket,inprivatelynegotiatedtransactions,inblocktrades,intransactionsthataredeemedtobeatthemarketofferingsasdefinedinRule415undertheSecuritiesActorthroughacombinationofanysuchmethodsofsale.Thesalesagentsmayalsosellourcommonstockbyanyothermethodpermittedbylaw.

Thesecuritiesmaybesoldatmarketpricesprevailingatthetimeofsale,atpricesrelatedtosuchprevailingmarketpricesoratnegotiatedprices.

Wewilldesignatethemaximumamountofcommonstocktobesoldthroughthesalesagentsonadailybasisorotherwiseasweandthesalesagentsagreeandtheminimumpricepershareatwhichsuchcommonstockmaybesold.Subjecttothetermsandconditionsoftheequitydistributionagreement,thesalesagentswillusetheirreasonableeffortsconsistentwiththeirnormalsalesandtradingpracticestosellonourbehalfallofthedesignatedsharesofcommonstock.Wemayinstructthesalesagentsnottosellanycommonstockifthesalescannotbeeffectedatorabovethepricedesignatedbyusinanysuchinstruction.Weoranysalesagent,withrespecttoitselfonly,maysuspendtheofferingofourcommonstockbynotifyingtheotherparty.

ThesalesagentswillprovidetouswrittenconfirmationbeforetheopenoftradingontheNasdaqGlobalSelectMarketonthedayfollowingeachdayonwhichsharesofcommonstockaresoldundertheequitydistributionagreement.Eachconfirmationwillincludethenumberofsharesofcommonstocksoldonsuchday,thegrosssalesproceedsandthecompensationpayablebyustothesalesagents.Wewillreportatleastquarterlythenumberofsharesofcommonstocksoldthroughthesalesagentsundertheequitydistributionagreement,thenetproceedstous(beforeexpenses)andthecompensationpaidbyustothesalesagentsinconnectionwiththesalesofthesharesofcommonstock.

Wewillpayeachsalesagentacommissionofupto0.25%ofthegrosssalespricepershareofcommonstocksoldthroughsuchagentundertheequitydistributionagreement.Wehavealsoagreedtoreimbursethesalesagentsforcertainoftheirexpenses.

Settlementofanysalesofcommonstockwilloccuronthesecondbusinessdayfollowingthedateonwhichsuchsalesweremade(orsuchearlierdayasisindustrypracticeforregular-waytrading).Thereisnoarrangementforfundstobereceivedinanescrow,trustorsimilararrangement.SalesofourcommonstockascontemplatedinthisprospectussupplementwillbesettledthroughthefacilitiesofTheDepositoryTrustCompanyorbysuchothermeansasweandthesalesagentsmayagree.

Theofferingofourcommonstockpursuanttotheequitydistributionagreementwillterminateupontheearlierof(i)thesaleofallofoursharesofcommonstocksubjecttotheequitydistributionagreementor(ii)terminationoftheequitydistributionagreementbyusorbythesalesagentsasprovidedtherein.

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Inconnectionwiththesaleofthesharesofcommonstockonourbehalf,eachofthesalesagentsmaybedeemedtobeanunderwriterwithinthemeaningoftheSecuritiesAct,andthecompensationpaidtoeachofthesalesagentsmaybedeemedtobeunderwritingcommissionsordiscounts.

Wehaveagreedtoprovideindemnificationandcontributiontotheseveralsalesagentsagainstcertainliabilities,includingcivilliabilitiesundertheSecuritiesAct.

Theagentsandtheirrespectiveaffiliatesarefullservicefinancialinstitutionsengagedinvariousactivities,whichmayincludesalesandtrading,commercialandinvestmentbanking,advisory,investmentmanagement,investmentresearch,principalinvestment,hedging,marketmaking,brokerage,vehiclefinancingprogramsandotherfinancialandnon-financialactivitiesandservices.Certainoftheagentsandtheirrespectiveaffiliateshaveprovided,andmayinthefutureprovide,avarietyoftheseservicestotheissuerandtopersonsandentitieswithrelationshipswiththeissuer,forwhichtheyreceivedorwillreceivecustomaryfeesandexpenses.

In2015,weenteredintoourseniorsecuredasset-backedrevolvingcreditagreementwithcertainlenders,includingDeutscheBankAG,NewYorkBranch,anaffiliateofDeutscheBankSecuritiesInc.,GoldmanSachsBankUSA,anaffiliateofGoldmanSachs&Co.LLC,MorganStanleySeniorFundingInc.andMorganStanleyBank,N.A.,affiliatesofMorganStanley&Co.LLC,BankofAmerica,N.A.,anaffiliateofBofASecurities,Inc.,Citibank,N.A.,anaffiliateofCitigroupGlobalMarkets,Inc.,CreditSuisseAG,CaymanIslandsBranch,anaffiliateofCreditSuisseSecurities(USA)LLC,BarclaysBankPLC,anaffiliateofBarclaysCapitalInc.,WellsFargoBank,NationalAssociation,anaffiliateofWellsFargoSecurities,LLC,SociétéGénéraleS.A.,anaffiliateofSGAmericasSecurities,LLCandBankoftheWest,anaffiliateofBNPParibasSecuritiesCorp.AsofSeptember30,2020,thecreditfacilityallowsustoborrowuptoapproximately$2.3billionandprovidesfora$400millionletterofcreditsubfacilityanda$50millionswinglineloansubfacility,theproceedsofallofwhichmaybeusedtofundworkingcapitalandforgeneralcorporatepurposes.Affiliatesoftheagentsthatarelendersand/oragentsunderthecreditfacilityhavereceived,andmayreceive,customaryfees.AsofSeptember30,2020,$1.89billionwasoutstandingunderthisagreement.

InAugust2016,weenteredintoaloanandsecurityagreementwithDeutscheBankAG,NewYorkBranch,asadministrativeagentandacommittedlender,Citibank,N.A.,CreditSuisseAG,BarclaysBankPLC,WellsFargoBankandotherlendersthereto(asamendedandrestatedfromtimetotime,the2016WarehouseAgreement)whichsupportstheTeslaFinancedirectvehicleleasingprogram.InAugust2020,the2016WarehouseAgreementwasamendedandrestatedwithalendercommitmentof$1.1billion.Wehadborrowed$303millionunderthe2016WarehouseAgreementasofSeptember30,2020.Affiliatesoftheagentsthatarelendersand/oragentsundertheWarehouseAgreementhavereceived,andmayreceive,customaryfees.

InJanuary2016,asubsidiaryofSolarCityenteredintoanagreementwithasyndicateofbanksforatermloan,includingBankofAmerica,N.A.,anaffiliateofBofASecurities,Inc.InDecember2016,thetermloanwasamendedandrestatedto,amongotherthings,upsizethecommitments.Thetermloanbearsinterestatanannualrateofthree-monthLIBORplus3.50%.Thetermloanissecuredbysubstantiallyalloftheassetsofthesubsidiary,includingitsinterestsincertainfinancingfunds,andisnon-recoursetoourotherassets.Affiliatesoftheagentsthatarelendersand/oragentsunderthistermloanhavereceived,andmayreceive,customaryfees.

MorganStanleySmithBarneyLLC,anaffiliateofMorganStanley&Co.LLC,hasmadevariousextensionsofcredittoElonMuskand/orTheElonMuskRevocableTrustdatedJuly22,2003,ortheTrust.Interestontheseloansaccruesatmarketrates,andMorganStanleySmithBarneyLLCreceivedcustomaryfeesandexpensereimbursementsinconnectionwiththeseloans.Asof

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December4,2020,theoutstandingbalanceundertheseloanswasapproximately$287million.Inaddition,GoldmanSachsBankUSA,anaffiliateofGoldmanSachs&Co.LLC,hasmadevariousextensionsofcredittoMr.Muskand/ortheTrust.Interestontheseloansaccruesatmarketrates,andGoldmanSachsBankUSAreceivedcustomaryfeesandexpensereimbursementsinconnectionwiththeseloans.AsofDecember4,2020,theoutstandingbalanceundertheseloanswasapproximately$161million.Finally,BankofAmerica,N.A.,anaffiliateofBofASecurities,Inc.,hasmadeextensionsofcredittoMr.Muskand/ortheTrust.Interestontheloansaccruesatmarketrates,andBankofAmerica,N.A.receivedcustomaryfeesinconnectionwiththeseloans.AsofDecember4,2020,theoutstandingloanbalancewasapproximately$67million.

Asregulatedentities,MorganStanleySmithBarneyLLC,GoldmanSachsBankUSAandBankofAmerica,N.A.makedecisionsregardingmakingandmanagingtheirloansindependentofMorganStanley&Co.LLC,GoldmanSachs&Co.LLCandBofASecurities,Inc.,respectively.Mr.Muskandthesebankshavelongstandingrelationshipsofoveradecade.Wearenotapartytotheseloans,whicharefullrecourseagainstMr.MuskandtheTrustandaresecuredbypledgesofaportionofourcommonstockcurrentlyownedbyMr.MuskandtheTrust.ThetermsoftheseloanswerenegotiateddirectlybetweenMr.MuskandMorganStanleySmithBarneyLLC,GoldmanSachsBankUSA,andBofASecurities,Inc.,respectively.

Intheordinarycourseoftheirvariousbusinessactivities,theagentsandtheirrespectiveaffiliates,officers,directorsandemployeesmaypurchase,sellorholdabroadarrayofinvestmentsandactivelytradesecurities,derivatives,loans,commodities,currencies,creditdefaultswapsandotherfinancialinstrumentsfortheirownaccountandfortheaccountsoftheircustomers,andsuchinvestmentandtradingactivitiesmayinvolveorrelatetoassets,securitiesand/orinstrumentsoftheissuer(directly,ascollateralsecuringotherobligationsorotherwise)and/orpersonsandentitieswithrelationshipswiththeissuer.Theagentsandtheirrespectiveaffiliatesmayalsocommunicateindependentinvestmentrecommendations,marketcolorortradingideasand/orpublishorexpressindependentresearchviewsinrespectofsuchassets,securitiesorinstrumentsandmayatanytimehold,orrecommendtoclientsthattheyshouldacquire,longand/orshortpositionsinsuchassets,securitiesandinstruments.

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LEGALMATTERS

ThevalidityofthesharesofcommonstockofferedherebywillbepasseduponbyWilsonSonsiniGoodrich&Rosati,ProfessionalCorporation,PaloAlto,California.SimpsonThacher&BartlettLLP,PaloAlto,California,isactingascounseltothesalesagents.

EXPERTS

Thefinancialstatementsandmanagementsassessmentoftheeffectivenessofinternalcontroloverfinancialreporting(whichisincludedinManagementsReportonInternalControloverFinancialReporting)incorporatedinthisProspectusSupplementbyreferencetotheAnnualReportonForm10-KfortheyearendedDecember31,2019havebeensoincorporatedinrelianceonthereportofPricewaterhouseCoopersLLP,anindependentregisteredpublicaccountingfirm,givenontheauthorityofsaidfirmasexpertsinauditingandaccounting.

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INFORMATIONINCORPORATEDBYREFERENCE

TherulesoftheSECallowustoincorporatebyreferenceinformationintothisprospectussupplement.Theinformationincorporatedbyreferenceisconsideredtobeapartofthisprospectussupplement,andinformationthatwefilelaterwiththeSECwillautomaticallyupdateandsupersedethisinformation.Thisprospectussupplementincorporatesbyreferencethedocumentslistedbelow:

OurAnnualReportonForm10-KforthefiscalyearendedDecember31,2019,filedwiththeSEConFebruary13,2020,ortheAnnualReport,asamendedbyAmendmentNo.1toourAnnualReportonForm10-K/AfiledwiththeSEConApril28,2020;

OurQuarterlyReportsonForm10-QforthefiscalquartersendedMarch31,2020,June30,2020andSeptember30,2020,filedwiththeSEConApril30,2020,July28,2020andOctober26,2020,respectively;

OurCurrentReportsonForm8-KfiledwiththeSEConFebruary19,2020,April23,2020,May6,2020,May8,2020,June16,2020,June30,2020,August11,2020,September1,2020,September8,2020,September24,2020andDecember8,2020;and

ThedescriptionofourcommonstockcontainedinourRegistrationStatementonForm8-A(CommissionFileNo.001-34756),filedwiththeSEConMay27,2010,includinganysubsequentamendmentoranyreportfiledforthepurposeofupdatingsuchdescription.

AllreportsandotherdocumentssubsequentlyfiledbyuspursuanttoSections13(a),13(c),14and15(d)oftheExchangeActafterthedateofthisprospectussupplementandpriortotheterminationofthisofferingshallbedeemedtobeincorporatedbyreferenceintothisprospectussupplementandtobeparthereoffromthedateoffilingofsuchreportsandotherdocuments.

Notwithstandingtheforegoing,wearenotincorporatingbyreferenceanydocuments,portionsofdocuments,exhibitsorotherinformation,whetherspecificallylistedaboveorfiledinthefuture,thatisdeemedtohavebeenfurnishedto,ratherthanfiledwith,theSEC,includinganyinformationfurnishedpursuanttoItems2.02or7.01ofForm8-KorrelatedexhibitsfurnishedpursuanttoItem9.01ofForm8-K.

Anystatementcontainedinadocumentincorporatedbyreferenceintothisprospectussupplementshallbedeemedtobemodifiedorsupersededforthepurposesofthisprospectussupplementtotheextentthatastatementcontainedhereinorinanysubsequentlyfileddocumentthatisalsoincorporatedbyreferenceinthisprospectussupplementmodifiesorsupersedessuchstatement.Anystatementsomodifiedorsupersededshallnotbedeemed,exceptassomodifiedorsuperseded,toconstituteapartofthisprospectussupplement.

Wewillprovidewithoutchargetoeachperson,includinganybeneficialowner,towhomacopyofthisprospectussupplementisdelivered,uponwrittenororalrequestofanysuchperson,acopyofanyorallofthedocumentsthathasbeenormaybeincorporatedbyreferenceintothisprospectussupplement(excludingcertainexhibitstothedocuments)atnocost.AnysuchrequestmaybemadeinwritingorbytelephoningourInvestorRelationsdepartmentatthefollowingaddressortelephonenumber:

Tesla,Inc.3500DeerCreekRoadPaloAlto,CA94304

Attention:InvestorRelationsTelephone:650-681-5000

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PROSPECTUS

Tesla,Inc.CommonStock

DebtSecuritiesBythisprospectus,wemayofferandsellfromtimetotime,inoneormoreofferings,commonstock,debtsecurities

oranycombinationthereofasdescribedinthisprospectus.Thedebtsecuritiesmaybeconvertibleintoourcommonstock.Inaddition,thesellingstockholdersmayofferandsellfromtimetotime,inoneormoreofferingssharesofcommonstockasdescribedinthisprospectus.Youshouldreadthisprospectus,anyprospectussupplementandfreewritingprospectus,togetherwithanydocumentsweincorporatebyreference,beforeyouinvestinoursecurities.Theprospectussupplementorfreewritingprospectusmayalsoaddto,update,supplementorclarifyinformationcontainedinthisprospectus.Thisprospectusmaynotbeusedtoselloursecuritiesunlessaccompaniedbyaprospectussupplement.

OurcommonstockislistedontheNasdaqGlobalSelectMarketunderthesymbolTSLA.

Weoranysellingstockholdersmayofferandselloursecuritiestoorthroughoneormoreagents,underwriters,dealersorotherthirdpartiesordirectlytooneormorepurchasersonacontinuousordelayedbasis.Ifweoranysellingstockholdersuseanyagents,underwritersordealerstoselloursecurities,wewillnamethemanddescribetheircompensationinaprospectussupplement.Thepricetothepublicofoursecuritiesandthenetproceedsweandanysellingstockholdersexpecttoreceivefromthesaleofsuchsecuritieswillalsobesetforthinaprospectussupplement.Wewillnotreceiveanyproceedsfromthesaleofsharesofourcommonstockbythesellingstockholders.

Investinginoursecuritiesinvolvesrisks.YoushouldcarefullyconsidertherisksdescribedunderRiskFactorsonpage5ofthisprospectus,aswellasintheapplicableprospectussupplement,anyrelatedfreewritingprospectusandotherinformationcontainedorincorporatedbyreferenceinthisprospectusandtheapplicableprospectussupplement,beforemakingadecisiontoinvestinoursecurities.

NeithertheSecuritiesandExchangeCommissionnoranystatesecuritiescommissionhasapprovedordisapprovedofthesesecuritiesorpassedupontheadequacyoraccuracyofthisprospectus.Anyrepresentationtothecontraryisacriminaloffense.

ThedateofthisprospectusisMay1,2019.

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TABLEOFCONTENTS PageSummary 1SpecialNoteRegardingForwardLookingStatements 3WhereYouCanFindMoreInformation 4RiskFactors 5UseofProceeds 6DescriptionoftheSecurities 7SellingStockholders 8PlanofDistribution 9LegalMatters 11Experts 11IncorporationofCertainInformationbyReference 12

Weareresponsiblefortheinformationcontainedandincorporatedbyreferenceinthisprospectus,inanyaccompanyingprospectussupplement,andinanyrelatedfreewritingprospectusweprepareorauthorize.Wehavenotauthorizedanyonetogiveyouanyotherinformation,andwetakenoresponsibilityforanyotherinformationthatothersmaygiveyou.Ifyouareinajurisdictionwhereofferstosell,orsolicitationsofofferstopurchase,thesecuritiesofferedbythisdocumentareunlawful,orifyouareapersontowhomitisunlawfultodirectthesetypesofactivities,thentheofferpresentedinthisdocumentdoesnotextendtoyou.Theinformationcontainedinthisdocumentspeaksonlyasofthedateofthisdocument,unlesstheinformationspecificallyindicatesthatanotherdateapplies.Ourbusiness,financialcondition,resultsofoperationsandprospectsmayhavechangedsincethosedates.

Unlesswehaveindicatedotherwise,referencesinthisprospectustoTesla,we,us,ourandsimilartermsrefertoTesla,Inc.anditssubsidiaries.

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SUMMARY

AboutThisProspectus

ThisprospectusispartofanautomaticshelfregistrationstatementthatwefiledwiththeSecuritiesandExchangeCommission,ortheSEC,asawell-knownseasonedissuerasdefinedinRule405undertheSecuritiesActof1933,asamended,ortheSecuritiesAct.Weoranysellingstockholdermayofferthesecuritiesdescribedinthisprospectusfromtimetotimeinoneormoreofferings.Thisprospectusonlyprovidesyouwithageneraldescriptionofthesecuritiestobeoffered.Eachtimeweoranysellingstockholderssellsecuritiespursuanttothisprospectus,wewilldescribeinaprospectussupplement,whichwillbedeliveredwiththisprospectus,specificinformationabouttheoffering.Intheprospectussupplementorfreewritingprospectusrelatingtoanysalesbysellingstockholders,wewill,amongotherthings,identifythenumberofsharesofourcommonstockthateachofthesellingstockholderswillbeselling.Theapplicableprospectussupplementorfreewritingprospectusmayalsoadd,updateorchangetheinformationcontainedinthisprospectus.Ifthereisanyinconsistencybetweentheinformationinthisprospectusandanyapplicableprospectussupplement,youshouldrelyontheinformationintheapplicableprospectussupplement.Beforemakinganinvestmentinoursecurities,youshouldcarefullyreadboththisprospectus,anyapplicableprospectussupplementandanyapplicablefreewritingprospectus,togetherwiththeinformationincorporatedanddeemedtobeincorporatedbyreferencehereinasdescribedunderInformationIncorporatedbyReferenceandtheadditionalinformationdescribedundertheheadingWhereYouCanFindMoreInformation.Thisprospectusmaynotbeusedtosellourcommonstockordebtsecuritiesunlessaccompaniedbyaprospectussupplement.

Theregistrationstatementofwhichthisprospectusisapart,includingtheexhibitstotheregistrationstatement,providesadditionalinformationaboutusandthesecurities.Whereverreferencesaremadeinthisprospectustoinformationthatwillbeincludedinaprospectussupplement,totheextentpermittedbyapplicablelaw,rulesorregulations,weorthesellingstockholdersmayinsteadincludesuchinformationoradd,updateorchangetheinformationcontainedinthisprospectusbymeansofapost-effectiveamendmenttotheregistrationstatementofwhichthisprospectusisapart,throughfilingswemakewiththeSECthatareincorporatedbyreferenceintothisprospectusorbyanyothermethodasmaythenbepermittedunderapplicablelaw,rulesorregulations.Theregistrationstatement,includingtheexhibitstotheregistrationstatementandanypost-effectiveamendmentthereto,canbeobtainedfromtheSEC,asdescribedundertheheadingWhereYouCanFindMoreInformation.

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TESLA,INC.

Overview

Ourmissionistoacceleratetheworldstransitiontosustainableenergy.Wedesign,develop,manufacture,leaseandsellhigh-performancefullyelectricvehicles,solarenergygenerationsystemsandenergystorageproducts.Wealsooffermaintenance,installation,operationandotherservicesrelatedtoourproducts.

OurproductionvehiclefleetincludesourModelSpremiumsedanandourModelXSUV,whichareourhighest-performancevehicles,andourModel3,alower-pricedsedandesignedforthemassmarket.WecontinuetoenhanceourvehicleofferingswithenhancedAutopilotoptions,internetconnectivityandfreeover-the-airsoftwareupdatestoprovideadditionalsafety,convenienceandperformancefeatures.InMarch2019,weunveiledModelY,acompactSUVutilizingtheModel3platform,whichweexpecttoproduceathighvolumesbytheendof2020.Inaddition,wehaveseveralfutureelectricvehiclesinourproductpipeline,includingTeslaSemi,apickuptruckandanewversionoftheTeslaRoadster.

Wesellandleaseretrofitsolarenergysystemsandsellrenewableenergyandenergystorageproductstoourcustomers,andarerampingourSolarRoofproductthatcombinessolarenergygenerationwithattractive,integratedstyling.Ourenergystorageproducts,whichwemanufactureatGigafactory1,consistofPowerwall,mostlyforresidentialapplications,andPowerpack,forcommercial,industrialandutility-scaleapplications.

Wewereincorporatedin2003inDelaware.AsofMarch31,2019,weandoursubsidiarieshad40,853full-timeemployeesworldwide.WeareheadquarteredinPaloAlto,California.Ourprincipalexecutiveofficesarelocatedat3500DeerCreekRoad,PaloAlto,California94304,andourtelephonenumberatthislocationis(650)681-5000.WecompletedourinitialpublicofferinginJuly2010andourcommonstockislistedontheNasdaqGlobalSelectMarketunderthesymbolTSLA.Ourwebsiteaddressiswww.tesla.com.Informationcontainedon,orcanbeaccessedthrough,ourwebsiteisnotincorporatedbyreferenceintothisprospectusandyoushouldnotconsidersuchinformationtobepartofthisprospectus.

TheTesladesignlogo,Tesla,ModelS,ModelX,Model3,ModelY,TeslaRoadster,TeslaSemiandothertrademarksorservicemarksofTeslaappearinginthisprospectussupplementandtheaccompanyingprospectusarethepropertyofTesla.

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SPECIALNOTEREGARDINGFORWARDLOOKINGSTATEMENTS

Thisprospectusandanyprospectussupplementorfreewritingprospectus,includingthedocumentsincorporatedordeemedtobeincorporatedbyreferenceintothisprospectus,mayincludeforward-lookingstatementswithinthemeaningofSection27AoftheSecuritiesActandSection21EoftheSecuritiesExchangeActof1934,asamended,ortheExchangeAct.Theseforward-lookingstatementsinclude,butarenotlimitedto,statementsconcerningourstrategy,futureoperations,futurefinancialposition,futurerevenues,projectedcosts,profitability,expectedcostreductions,capitaladequacy,expectationsregardingdemandandacceptanceforourtechnologies,growthopportunitiesandtrendsinthemarketinwhichweoperate,prospects,plansandobjectivesofmanagement,andthestatementssetforthinPartI,Item2,ManagementsDiscussionandAnalysisofFinancialConditionandResultsofOperationsinourQuarterlyReportonForm10-QforthequarterlyperiodendedMarch31,2019andinourotherfilingswiththeSecuritiesandExchangeCommission.Thewordsanticipates,believes,could,estimates,expects,intends,may,plans,projects,will,wouldandsimilarexpressionsareintendedtoidentifyforward-lookingstatements,althoughnotallforward-lookingstatementscontaintheseidentifyingwords.Wemaynotactuallyachievetheplans,intentionsorexpectationsdisclosedinourforward-lookingstatementsandyoushouldnotplaceunduerelianceonourforward-lookingstatements.Actualresultsoreventscoulddiffermateriallyfromtheplans,intentionsandexpectationsdisclosedintheforward-lookingstatementsthatwemake.Theseforward-lookingstatementsinvolverisksanduncertaintiesthatcouldcauseouractualresultstodiffermateriallyfromthoseintheforward-lookingstatements,including,withoutlimitation,theriskssetforthinPartII,Item1A,RiskFactorsinourQuarterlyReportonForm10-QforthequarterlyperiodendedMarch31,2019andinourotherfilingswiththeSecuritiesandExchangeCommission.Wedonotassumeanyobligationtoupdateanyforward-lookingstatements,exceptasrequiredbylaw.

MoreinformationonpotentialfactorsthatcouldaffectourfinancialresultsisincludedfromtimetotimeinourSECfilingsandreports,includingtherisksidentifiedunderthesectioncaptionedRiskFactorsinourperiodicreportsonForm10-KandForm10-QthatwefilewiththeSEC.Wedisclaimanyobligationtoupdateinformationcontainedintheseforward-lookingstatementswhetherasaresultofnewinformation,futureevents,orotherwise,exceptasrequiredbylaw.

Althoughweundertakenoobligationtoreviseorupdateanyforward-lookingstatements,whetherasaresultofnewinformation,futureeventsorotherwise,exceptasrequiredbylaw,youareadvisedtoconsultanyadditionaldisclosureswemakeinourAnnualReportsonForm10-K,QuarterlyReportsonForm10-QandCurrentReportsonForm8-KfiledwiththeSEC.SeeWhereYouCanFindMoreInformation.

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WHEREYOUCANFINDMOREINFORMATION

WehavefiledwiththeSECaregistrationstatementonFormS-3undertheSecuritiesActwithrespecttothisoffering.Thisprospectus,filedaspartoftheregistrationstatement,doesnotcontainalltheinformationsetforthintheregistrationstatementanditsexhibitsandschedules,portionsofwhichhavebeenomittedaspermittedbytherulesandregulationsoftheSEC.Forfurtherinformationaboutus,wereferyoutotheregistrationstatementandtoitsexhibitsandschedules.

Wefileannual,quarterlyandcurrentreportsandotherinformationwiththeSEC.TheSECmaintainsaninternetwebsiteatwww.sec.govthatcontainsperiodicandcurrentreports,proxyandinformationstatements,andotherinformationregardingregistrantsthatarefiledelectronicallywiththeSEC.

Thesedocumentsarealsoavailable,freeofcharge,throughtheInvestorssectionofourwebsite,whichislocatedatwww.tesla.com.Thereferencetoourwebsiteaddressdoesnotconstituteincorporationbyreferenceoftheinformationcontainedonourwebsite.

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RISKFACTORS

YoushouldcarefullyconsidertherisksdescribedinPartI,Item1A,RiskFactors,inourQuarterlyReportonForm10-QforthethreemonthsendedMarch31,2019,togetherwiththeotherinformationsetforthinthisprospectusandintheotherdocumentsthatweincludeorincorporatebyreferenceintothisprospectusandanyprospectussupplementwewillprovideinconnectionwithourofferingofsecuritiesdescribedinthisprospectus,whichcouldmateriallyaffectourbusiness,financialconditionandfutureresults.TherisksdescribedinourQuarterlyReportonForm10-QforthequarterlyperiodendedMarch31,2019arenottheonlyrisksfacingourcompany.Risksanduncertaintiesnotcurrentlyknowntousorthatwecurrentlydeemtobeimmaterialalsomaymateriallyadverselyaffectourbusiness,financialconditionandoperatingresults.

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USEOFPROCEEDS

Unlessotherwiseindicatedintheapplicableprospectussupplement,weanticipatethatthenetproceedsfromthesaleofthesecuritiesthatwemayofferunderthisprospectusandanyapplicableprospectussupplementorfreewritingprospectuswillbeusedforgeneralcorporatepurposes.Wewillhavesignificantdiscretionintheuseofanynetproceeds.Wemayinvestthenetproceedstemporarilyuntilweusethemfortheirstatedpurpose.Ifwedecidetousethenetproceedsfromaparticularofferingofsecuritiesforaspecificpurpose,wewilldescribethatpurposeintheapplicableprospectussupplementand/orfreewritingprospectus.

Wewillnotreceiveanyproceedsfromthesaleofsharesofourcommonstockbythesellingstockholders.

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DESCRIPTIONOFTHESECURITIES

Wemayissuefromtimetotime,inoneormoreofferings,thefollowingsecurities:

sharesofcommonstock;and

debtsecurities,whichmaybeseniororsubordinated,andwhichmaybeconvertibleintoourcommonstockorbenon-convertible.

Inaddition,thesellingstockholdersmayofferandsellfromtimetotime,inoneormoreofferingssharesofcommonstockasdescribedinthisprospectus.

Weorthesellingstockholderswillsetforthintheapplicableprospectussupplementand/orfreewritingprospectusadescriptionofthecommonstockanddebtsecuritiesthatmaybeofferedunderthisprospectus.Thetermsoftheofferingofsecurities,theinitialofferingpriceandthenetproceedstousorthesellingstockholderswillbecontainedintheprospectussupplement,andotherofferingmaterial,relatingtosuchoffer.

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SELLINGSTOCKHOLDERS

Thisprospectusalsorelatestothepossibleresalebycertainofourstockholders,whowerefertointhisprospectusasthesellingstockholders,ofsharesofcommonstock.Informationaboutanysellingstockholders,whereapplicable,includingtheiridentitiesandthenumberofsharesofcommonstocktoberegisteredontheirbehalf,willbesetforthinaprospectussupplement,inapost-effectiveamendment,inafreewritingprospectusorinfilingswemakewiththeSECundertheExchangeActthatareincorporatedbyreference.Thesellingstockholdersshallnotsellanysharesofourcommonstockpursuanttothisprospectusuntilwehaveidentifiedsuchsellingstockholdersandthesharesbeingofferedforresalebysuchsellingstockholders.However,thesellingstockholdersmaysellortransferalloraportionoftheirsharesofourcommonstockpursuanttoanyavailableexemptionfromtheregistrationrequirementsoftheSecuritiesAct.

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PLANOFDISTRIBUTION

Weorthesellingstockholdersmayselloursecuritiesfromtimetotimeinoneormoretransactions.Weorthesellingstockholdersmayselloursecuritiestoorthroughagents,underwriters,dealers,remarketingfirmsorotherthirdpartiesordirectlytooneormorepurchasersorthroughacombinationofanyofthesemethods.Wemayissuecommonstockasadividendordistribution.Insomecases,weordealersactingwithusoronbehalfofusmayalsopurchaseoursecuritiesandreofferthemtothepublic.Weorthesellingstockholdersmayalsoofferandsell,oragreetodeliver,oursecuritiespursuantto,orinconnectionwith,anyoptionagreementorothercontractualarrangement.

Agentswhomweorthesellingstockholdersdesignatemaysolicitofferstopurchaseoursecurities.

Weorthesellingstockholderswillnameanyagentinvolvedinofferingorsellingoursecurities,anddiscloseanycommissionsthatwewillpaytotheagent,intheapplicableprospectussupplement.

Unlessweorthesellingstockholdersindicateotherwiseintheapplicableprospectussupplement,agentswillactonabesteffortsbasisfortheperiodoftheirappointment.

AgentsmaybedeemedtobeunderwritersundertheSecuritiesAct,ofanyofoursecuritiesthattheyofferorsell.

Weorthesellingstockholdersmayuseanunderwriterorunderwritersintheofferorsaleofoursecurities.

Ifweorthesellingstockholdersuseanunderwriterorunderwriters,weorthesellingstockholderswillexecuteanunderwritingagreementwiththeunderwriterorunderwritersatthetimethatwereachanagreementforthesaleofoursecurities.

Weorthesellingstockholderswillincludethenamesofthespecificmanagingunderwriterorunderwriters,aswellasthenamesofanyotherunderwriters,andthetermsofthetransactions,includingthecompensationtheunderwritersanddealerswillreceive,intheapplicableprospectussupplement.

Theunderwriterswillusetheapplicableprospectussupplement,togetherwiththisprospectus,toselloursecurities.

Weorthesellingstockholdersmayuseadealertoselloursecurities.

Ifweorthesellingstockholdersuseadealer,wewillselloursecuritiestothedealer,asprincipal.

Thedealerwillthenselloursecuritiestothepublicatvaryingpricesthatthedealerwilldetermineatthetimeitsellsoursecurities.

Weorthesellingstockholderswillincludethenameofthedealerandthetermsofthetransactionswiththedealerintheapplicableprospectussupplement.

Weorthesellingstockholdersmaysolicitdirectlyofferstopurchaseoursecurities,andweorthesellingstockholdersmaydirectlyselloursecuritiestoinstitutionalorotherinvestors.Weorthesellingstockholderswilldescribethetermsofdirectsalesintheapplicableprospectussupplement.

WeorthesellingstockholdersmayengageinatthemarketofferingsintoanexistingtradingmarketinaccordancewithRule415(a)(4)oftheSecuritiesAct.

Weorthesellingstockholdersmayindemnifyagents,underwritersanddealersagainstcertainliabilities,includingliabilitiesundertheSecuritiesAct.Agents,underwritersanddealers,ortheiraffiliates,maybecustomersof,engageintransactionswithorperformservicesforusorourrespectiveaffiliatesorthesellingstockholders,intheordinarycourseofbusiness.

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Weorthesellingstockholdersmayauthorizeagentsandunderwriterstosolicitoffersbycertaininstitutionstopurchaseoursecuritiesatthepublicofferingpriceunderdelayeddeliverycontracts.

Ifweorthesellingstockholdersusedelayeddeliverycontracts,wewilldisclosethatweareusingthemintheprospectussupplementandwilltellyouwhenweorthesellingstockholderswilldemandpaymentandwhendeliveryofoursecuritieswillbemadeunderthedelayeddeliverycontracts.

Thesedelayeddeliverycontractswillbesubjectonlytotheconditionsthatweorthesellingstockholdersdescribeintheprospectussupplement.

Weorthesellingstockholderswilldescribeintheapplicableprospectussupplementthecommissionthatunderwritersandagentssolicitingpurchasesofoursecuritiesunderdelayeddeliverycontractswillbeentitledtoreceive.

Anyunderwriter,agentordealerthatisaFinancialIndustryRegulatoryAuthoritymemberisnotpermittedtoselloursecuritiesinanofferingtoaccountsoverwhichitexercisesdiscretionaryauthoritywithoutthepriorspecificwrittenapprovalofitscustomer.

Unlessotherwisespecifiedinconnectionwithaparticularunderwrittenofferingofoursecurities,theunderwriterswillnotbeobligatedtopurchaseofferedsecuritiesunlessspecifiedconditionsaresatisfied,andiftheunderwritersdopurchaseanyofferedsecurities,theywillpurchaseallofferedsecurities.

Inconnectionwithunderwrittenofferingsoftheofferedsecuritiesandinaccordancewithapplicablelawandindustrypractice,theunderwritersincertaincircumstancesarepermittedtoengageincertaintransactionsthatstabilizethepriceofoursecurities.Suchtransactionsconsistofbidsorpurchasesforthepurposeofpegging,fixingormaintainingthepriceofoursecurities.Iftheunderwriterscreateashortpositioninoursecuritiesinconnectionwiththeoffering(i.e.,iftheysellmoresecuritiesthanaresetforthonthecoverpageoftheapplicableprospectussupplement),theunderwritersmayreducethatshortpositionbypurchasingoursecuritiesintheopenmarketorasotherwiseprovidedintheapplicableprospectussupplement.Theunderwritersalsomayimposeapenaltybid,wherebysellingconcessionsallowedtodealersparticipatingintheofferingmaybereclaimedifthesecuritiessoldbythemarerepurchasedinconnectionwithstabilizationtransactions.Ingeneral,purchasesofasecurityforthepurposeofstabilizationortoreduceashortpositioncouldcausethepriceofthesecuritytobehigherthanitmightbeintheabsenceofsuchpurchases.Theimpositionofapenaltybidmightalsohaveaneffectonthepriceofoursecuritiestotheextentthatitweretodiscourageresalesofoursecurities.Theunderwritersarenotrequiredtoengageintheseactivitiesandmayendanyoftheseactivitiesatanytime.

Weorthesellingstockholdersmayeffectsalesofsecuritiesinconnectionwithforwardsale,optionorothertypesofagreementswiththirdparties.Anydistributionofsecuritiespursuanttoanyforwardsaleagreementmaybeeffectedfromtimetotimeinoneormoretransactionsthatmaytakeplacethroughastockexchange,includingblocktradesorordinarybrokerstransactions,orthroughbroker-dealersactingeitherasprincipaloragent,orthroughprivately-negotiatedtransactions,orthroughanunderwrittenpublicoffering,orthroughacombinationofanysuchmethodsofsale,atmarketpricesprevailingatthetimeofsale,atpricesrelatingtosuchprevailingmarketpricesoratnegotiatedorfixedprices.

Thespecifictermsofthelock-upprovisions,ifany,inrespectofanygivenofferingwillbedescribedintheapplicableprospectussupplement.

Sellingstockholdersmayusethisprospectusinconnectionwithresalesofsecuritiestheyholdasdescribedintheapplicableprospectussupplement,inapost-effectiveamendment,inafreewritingprospectusorinfilingswemakewiththeSECundertheExchangeActthatareincorporatedbyreference.SellingstockholdersmaybedeemedtobeunderwritersundertheSecuritiesActinconnectionwiththesecuritiestheyresellandanyprofitsonthesalesmaybedeemedtobeunderwritingdiscountsandcommissionsundertheSecuritiesAct.

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LEGALMATTERS

Unlessotherwiseindicatedintheapplicableprospectussupplement,thevalidityofanysecuritiesofferedherebywillbepasseduponbyWilsonSonsiniGoodrich&Rosati,ProfessionalCorporation,PaloAlto,California.

EXPERTS

Thefinancialstatementsandmanagementsassessmentoftheeffectivenessofinternalcontroloverfinancialreporting(whichisincludedinManagementsReportonInternalControloverFinancialReporting)incorporatedinthisprospectusbyreferencetotheAnnualReportonForm10-KfortheyearendedDecember31,2018havebeensoincorporatedinrelianceonthereportofPricewaterhouseCoopersLLP,anindependentregisteredpublicaccountingfirm,givenontheauthorityofsuchfirmasexpertsinauditingandaccounting.

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INCORPORATIONOFCERTAININFORMATIONBYREFERENCE

TherulesoftheSECallowustoincorporatebyreferenceinformationintothisprospectus.Theinformationincorporatedbyreferenceisconsideredtobeapartofthisprospectus,andinformationthatwefilelaterwiththeSECwillautomaticallyupdateandsupersedethisinformation.Thisprospectusincorporatesbyreferencethedocumentslistedbelow:

OurAnnualReportonForm10-KforthefiscalyearendedDecember31,2018,filedwiththeSEConFebruary19,2019;

OurQuarterlyReportonForm10-QforthequarterlyperiodendedMarch31,2019,filedwiththeSEConApril29,2019;

TheinformationspecificallyincorporatedbyreferenceintotheAnnualReportfromourdefinitiveproxystatementonSchedule14A,filedwiththeSEConApril30,2019;

OurCurrentReportsonForm8-KfiledwiththeSEConJanuary4,2019,February1,2019,March7,2019,March14,2019,andApril19,2019;and

ThedescriptionofourcommonstockcontainedinourRegistrationStatementonForm8-A(CommissionFileNo.001-34756),filedwiththeSEConMay27,2010,includinganysubsequentamendmentoranyreportfiledforthepurposeofupdatingsuchdescription.

ThedescriptionofourcommonstockcontainedinourRegistrationStatementonForm8-A(CommissionFileNo.001-34756),filedwiththeSEConMay27,2010,includinganysubsequentamendmentoranyreportfiledforthepurposeofupdatingsuchdescription.

AllreportsandotherdocumentssubsequentlyfiledbyuspursuanttoSections13(a),13(c),14and15(d)oftheExchangeActafterthedateofthisprospectusandpriortotheterminationofthisofferingshallbedeemedtobeincorporatedbyreferenceintothisprospectusandtobeparthereoffromthedateoffilingofsuchreportsandotherdocuments.

Notwithstandingtheforegoing,wearenotincorporatingbyreferenceanydocuments,portionsofdocuments,exhibitsorotherinformationthatisdeemedtohavebeenfurnishedto,ratherthanfiledwith,theSEC.

Anystatementcontainedinadocumentincorporatedbyreferenceintothisprospectusshallbedeemedtobemodifiedorsupersededforthepurposesofthisprospectustotheextentthatastatementcontainedhereinorinanysubsequentlyfileddocumentthatisalsoincorporatedbyreferenceinthisprospectusmodifiesorsupersedessuchstatement.Anystatementsomodifiedorsupersededshallnotbedeemed,exceptassomodifiedorsuperseded,toconstituteapartofthisprospectusoranyprospectussupplement.

Tesla,Inc.herebyundertakestoprovidewithoutchargetoeachperson,includinganybeneficialowner,towhomacopyofthisprospectusisdelivered,uponwrittenororalrequestofanysuchperson,acopyofanyorallofthedocumentsthathasbeenormaybeincorporatedbyreferenceintothisprospectus(excludingcertainexhibitstothedocuments)atnocost.AnysuchrequestmaybemadeinwritingorbytelephoningourInvestorRelationsdepartmentatthefollowingaddressortelephonenumber:

Tesla,Inc.3500DeerCreekRoadPaloAlto,CA94304

Attention:InvestorRelationsTelephone:650-681-5000

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Tesla,Inc.

Upto$5,000,000,000ofCommonStock

GoldmanSachs&Co.LLC

Citigroup

Barclays

BNPPARIBAS

BofASecurities

CreditSuisseDeutscheBankSecurities

MorganStanleySOCIETEGENERALE

WellsFargoSecurities