Page 1

FORWARD - LOOKING STATEMENTS Except for historical information , all of the statements , expectations , and assumptions contained in this presentation are forward - looking statements . Forward - looking statements include , but are not limited to , statements that express our intentions , beliefs , expectations , strategies , predictions or any other statements relating to our future activities or other future events or conditions . These statements are based on current expectations , estimates and projections about our business based , in part , on assumptions made by management . These statements are not guarantees of future performance and involve risks , uncertainties and assumptions that are difficult to predict and include , without limitation , our expectations as to product deliveries , the establishment of our service and delivery network and our expected rate of production . Therefore , actual outcomes and results may , and are likely to , differ materially from what is expressed or forecasted in the forward - looking statements due to numerous factors discussed from time to time in documents which we file with the SEC . In addition , such statements could be affected by risks and uncertainties related to , among other things : our ability to manage the distribution channels for our products , including our ability to successfully implement our rental strategy , direct to consumer distribution strategy and any additional distribution strategies we may deem appropriate ; our ability to design , manufacture and market vehicle models within projected timeframes given that a typical vehicle consists of thousands of unique items and we can only go as fast as the slowest item ; our inexperience to date in manufacturing vehicles at the high volumes that we anticipate ; our ability to maintain quality control over our vehicles and avoid material vehicle recalls ; the number of reservations and cancellations for our vehicles and our ability to deliver on those reservations ; unforeseen or recurring operational problems at our facility , or a catastrophic loss of our manufacturing facility ; our dependence on our suppliers ; changes in consumer demand for , and acceptance of , our products : changes in the competitive environment , including adoption of technologies and products that compete with our products ; the overall strength and stability of general economic conditions and of the automotive industry more specifically ; changes in laws or regulations governing our business and operations ; costs and risks associated with potential litigation ; and other risks described from time to time in periodic and current reports that we file with the SEC . Any forward - looking statements speak only as of the date on which they are made , and except as may be required under applicable securities laws , we do not undertake any obligation to update any forward - looking statements . Forward - Looking Statements