Risk Factors Update Summary

• Continued increases in interest rates may lead to higher interest expenses, impacting financial performance.
• Increased residual value risk due to decline in forward estimates on vehicle residual values. This could result in $245 million of incremental net depreciation expense.
• Liquidity, cash flow, and profitability may be adversely affected by declining sales of vehicles.
• Business continuity plan failure may lead to significant disruptions, affecting results of operations.
• Reduced size of global EV fleet with $245 million incremental net depreciation expense recognized in Q4 2023.
• Potential difficulty in meeting minimum required collateral levels could result in additional collateral obligations.
• Ineffective internal controls could harm financial reporting accuracy, reputation, and compliance.
• Expansion of EV fleet strategy with risks including volatility in pricing, demand, damage frequency, and maintenance costs.
• A non-deductible 1% excise tax on share repurchases exceeding $1 million may increase costs.
• Pursuit of strategic transactions may impact results of operations and stock price.
• Increased focus on cybersecurity threats and incidents, with potential for substantial harm to business and financial condition.
• Risks related to talent management, including intense competition for technology roles and changing employee expectations.
• Reliance on third-party distribution channels for revenues, with adverse changes potentially affecting financial results.
• Compliance program risks, including failure to operate as designed leading to increased risks for the company.