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425 1 D277584d425.Htm 425 Filed by Tesla Motors, Inc 425 1 d277584d425.htm 425 Filed by Tesla Motors, Inc. Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a­6 under the Securities Exchange Act of 1934 Filer: Tesla Motors, Inc. Subject Company: SolarCity Corporation Form S­4 File No.: 333­213390 Date: October 25, 2016 The following presentation was given by Tesla to Institutional Shareholder Services Inc. on October 25, 2016. * * * * TESLA TO ACQUIRE SOLARCITY TESLA Solarcity Presentation to Proxy Advisory Firms October 2016 IDnIcS. 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MT O D A Y ’ S P R E S E N T E R S R O B Y N D E N H O L MIndependent DirectorE L O N M U S KChairman and Chief Executive OfficerT O D D M A R O NGeneral Counsel and Corporate SecretaryJ A S O N W H E E L E RChief Financial Officer 3 ? TESLA . C O tEo wXa Erd Cs aU s oTl aIr V el Eec Str iUc eMco Mno mA yR• FYoCcOusMedB oINn AinTnIoOvNat iCveO iNntSeIgSrTatEioNnT o Wf eInTeHrg yT EgeSnLeAra t’i oSn M, sItSoSraIgOeN a nAdN cDon AsuCmCpEtiLoEn RtoA aTcEcSel LerOatNe Gtr—ansTiEtioRnM to G aR sOusWtaTinHab Sle T f uRtu Are TS TE RG AY •T T Ees Gla ’Is Clo Cng O­te Mrm B p uI rNp oAse T i sI tOo hNe lCp eRx Epe Adi tTe Eth eS mTo Hv eE f rWom O a R m Lin De­ a’ nSd ­Ob uNrn L h Yyd Ir oNc aTrb Eo nG e Rco Ano Tm Ey D eSx Upe Srt iTse A in I eNle Act rBic aLl Een Eg iNne Eer iRn gG a Ynd C m Oan Muf aPc tAur Nin gYH• AI Gcc Hel eLra Yte sC t hOe Mtra Pns Lit iEon M to E s uNs tTai nAa bRl eY e nOe rFg yF bEy R e nIh Nan Gci nSg• Ltheev vearaluge sp Troepsloas’ist idoens iogfn s oanladr m+ asntourfaagcetu• rDinrgiv eexsp perrotidsuec tto d dervievleo pdmeveenlot pamnde nint noofv baetiaounti fbuyl ,f udlilfyfe irnetnetgiaratetidn agn eda ctehc chonmolpoagnicya’sll yp rsoudpuecrti osru iptreo adnudc tlse•v Ceruasgtionmg eTrse solaf’s ntheetw tworok c •o Dmepvaenlioeps sh ianvneo svhaatirveed eidnearglsy asntodr bagene epfrito dfruocmts t(hPeo cwoemrwbianlel da nodf fPeroiwngesr poafc sko)lSa rU p Bro dSu Tct sA, eNn eTr gIy A s tLo rCag Oe aSn dT eEle Fc tFri cI Cve Ih iEc lNes TCE I SE LS A HN AD SR AE TV RE AN CU KE RS YE CN OE R DG OI E F S S D U R C I C V E E S I SM• EPV R mOa Vrk eEt Dle aCd eAr aSn dH h Fa sL b Oui lWt t h• e$ w15o0rmldm’s loafr gdeirset chti gcohs­st pseyende rEgVie sc hfraormging asallloews &s f omra SrkoelatirnCgi teyf’fsi cpireondcuiecsts a tnod b oevneerfhite fardo msa vTiensglsa ’esx lpoeycatle cdu tsot obme earc hfoiellvoewdi ning tahned f ilrasrtg feu rlle tyaeila rf oaofteprr icnlto, slienagd•i nAgp tpol yth Tee psolat ecnotsiat ld fioscr ispilgineif iacnadn tplyar itncereshasipe da prepvroenacuhe Tto E t hSe Lc oAm Bbi nOe dA c Rom Dp Oan Fy’ sD c Ia pRi tEal Cex Tp eOn dRit uSr Ce rOoa Ndm Da pU a Cnd T c Eos Dt s Atru Tc tHur eO• CRo Om Ubi nGin Hg TAe sNla D a nFd AS oIl Rar CPi Rty O mC oEs tS a Stt•r aOctvievre tahses ecto fuorrs eT eosfl ma iann yth me seoeltainr gesn, earngdy winidthu stthrey •a sTshiset adnecael wofa isn adpeppreonvdeedn tb yfi nthaen cTieasl laan Bd oleagrda la aftdevri csorms,p trheeh eTnessilvae B douaer dd iolifg Denirceec, tdoersli breevraietiwoend a tnhde asrtmraste­lgeincg athn de xfitneannsicviael niemgpoltiicaatitoionnssT o Ef tSh eL t rAa nHsa Act iSo nC a Ond N c oDn sUid Cer eTd E it Ds f Ein aXn cTi aEl aNd vSi sIo Vr’ sE v Sie wH tAh aRt SEo Hla rOC iLty D w Eas Rth Oe tUer Tm Rst rEa tAeg Cy4 H ?• TTEesSlLa Aha .s Cac Oti vMely engaged and had discussions with investors who hold a majority of Tesla unaffiliated shares• The vast majority of Tesla’s large institutional investors understand the strategic rationale of the combination and how it accelerates Tesla’s long­ AGENDA I .
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