Q1 2022 Letter to Shareholders

Q1 2022 Letter to ShareholdersBackDear Shareholders,I want to begin this letter by thanking our employees, unions, dealers and suppliers for helping us deliver a strong first quarter of 2022, with EBIT-adjusted of $4 billion. In North America alone, we target production of 400,000 all-electric vehicles over the course of 2022 and 2023. The supply chain supporting our EV production will be a competitive advantage as well. We have taken the time to do EVs right, so we can create value for shareholders, our customers and all our other stakeholders. (d)This adjustment consists of a deemed dividend related to the redemption of Cruise preferred shares from SoftBank in the three months ended March 31, 2022.