Form 8-K Indemnification Agreement

The indemnification agreement provides that Mr. Musk Tesla, based on his personal resources, will provide compensation to directors and senior executives in the event that such coverage of Tesla is not compensated, up to a total amount of $100 million. In exchange, Tesla pays Mr. Musk a one-time sum of $US 972,361. Tesla will also make reasonable efforts to obtain the market quota and will pay an additional amount to Mr. Musk to align the one-time royalty so that it matches the market-based premium on the market, which will be credited pro-rated for 90 days and 50% if the latter amount is higher. The indemnification agreement is also subject to certain usual conditions for compensation agreements concluded with company managers and senior managers. If it is an emerging growth business, please check if the registrant has decided not to use the extended transition period to comply with new or revised accounting standards, pursuant to Section 13(a) of the Exchange Act. ☐ written notice pursuant to Rule 425 of the Securities Act (17 CFR 230.425). Registrant`s phone number, including area code On June 24, 2020, Tesla, Inc.

(“Tesla”) entered into a compensation agreement (the Indemnification Agreement) with Elon Musk, Tesla`s Chief Executive Officer, for a transitional period of 90 days (the duration of the bridge). During the bridge period, Tesla resumes its annual assessment of all available options to provide indemnification coverage to directors and senior executives it had suspended during the level of Shelter-in-Place requirements related to the COVID-19 pandemic. As part of this process, Tesla intends to obtain a firm market offer for liability insurance for directors and senior executives, with a total cap of $100 million (the “Market Offer”) that Tesla will evaluate when selecting a compensable option for a customary term after the end of the transition period. . Date of notification (date of first reported occurrence): 24 June 2020, item 1.01Entery into a key definitive agreement. In accordance with the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned. Application for hardware pursuant to Rule 14a-12 of the Exchange Act (17 CFR 240.14a-12) Select the box below if the filing of Form 8-K must simultaneously satisfy the registrant`s reporting requirement in accordance with one of the following provisions (see Policy Statement A.2). Below: Indicate by a check mark whether the registrant is an emerging growth firm within the meaning of Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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