=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-03-31
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: Tesla, Inc. (TSLA)
CIK: 0001318605
--- Reporting Owner ---
Name: Zhu Xiaotong
CIK: 0001972928
Role: Officer (SVP)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-03-31 | Code: M (Exercise of derivative)
Shares: +20,000 | Price: $20.57
Total Value: $411,400.00
Shares Owned After: 20,000 | Ownership: D (Direct)
--- Derivative Transactions ---
[Transaction #1]
Security: Non-Qualified Stock Option (right to buy)
Date: 2026-03-31 | Code: M (Exercise of derivative)
Shares: -20,000 | Price: $0.00
Exercisable: N/A | Expires: 2028-08-20
Shares Owned After: 260,650 | Ownership: D (Direct)
Footnotes:
[F2] Represents option awards granted with respect to 375,000 total shares initially, which vest as follows: (a) with respect to 150,000 shares subject to the options, 1/48th of such shares became vested and exercisable upon the Issuer's achievement of certain performance objectives set forth in the option agreements, and 1/48th of the shares become vested and exercisable on each monthly anniversary thereafter, and (b) with respect to 225,000 shares subject to the options, 1/60th of such shares became vested and exercisable on August 20, 2018, and 1/60th of the shares become vested and exercisable each month thereafter.
--- Holdings ---
[Holding #1]
Security: Common Stock
Ownership: I (Indirect)
Footnotes:
[F1] The shares are held in Magical Blake Global Limited, a BVI entity, for which the Reporting Person is the sole beneficial owner.
--- Footnotes (Complete Index) ---
F1: The shares are held in Magical Blake Global Limited, a BVI entity, for which the Reporting Person is the sole beneficial owner.
F2: Represents option awards granted with respect to 375,000 total shares initially, which vest as follows: (a) with respect to 150,000 shares subject to the options, 1/48th of such shares became vested and exercisable upon the Issuer's achievement of certain performance objectives set forth in the option agreements, and 1/48th of the shares become vested and exercisable on each monthly anniversary thereafter, and (b) with respect to 225,000 shares subject to the options, 1/60th of such shares became vested and exercisable on August 20, 2018, and 1/60th of the shares become vested and exercisable each month thereafter.
--- Signature ---
/s/ By: Aaron Beckman, Power of Attorney For: Xiaotong Zhu (2026-04-02)