Summary –Corporate Governance Topic Description Page(s) Sound corporate governance is critical to our mission. We are committed to establishing an operating framework Introduction that exercises appropriate oversight of responsibilities at all levels throughout the company and manages its 11 - 12 affairs consistent with high principles of business ethics. Our unique business requires a unique approach to corporate governance. And our mission requires a long-term Our Approach to Corporate focus that we believe will ultimately maximize value to our employees and our stockholders. Our corporate 13 Governance governance structure has facilitated several key decisions which might have appeared counter-intuitive to some, but which have set up the Tesla to achieve long-term success. Board Committees (as of March 1, The Board has four standing committees — the Audit Committee, the Compensation Committee, the Nominating 2022) and Corporate Governance Committee and the Disclosure Controls Committee — which are each further 14 - 15 described in this section. Our compensation philosophy reflects our long-term mission and our startup origins. We emphasize structuring Compensation Philosophy compensation to reward our named executive officers based on performance, and equity awards weigh heavily in 16 our named executive officers’ total compensation, including awards that vest upon the achievement of clear and measurable milestones. Tesla builds products with privacy and security at their core. Additionally, managing data privacy is a shared task Data Privacy and Cybersecurity through all levels of our organization. Our privacy principles are: 1. We build privacy into our products from start 17 - 18 to finish; 2. We give customers choices about their data; 3. We maintain trust through transparency; and 4. We safeguard personal data. Theethical treatment of all people and regard for human rights is core to our mission of a sustainable future. We believe all businesses within our supply chain have a responsibility to share our respect for human rights. Our Human Rights human rights policy is the formalization of our commitment to uphold and respect these rights and the values 19 - 20 they represent. We have a zero-tolerance policy when it comes to child or forced labor and human trafficking by our suppliers. 117