EvrISI Autos Pitstop: MBLY & TSLA Q2 / Ford & Geely JV, Recall / AUR Gen 2 / MOI

Research evidence excerpt

EvrISI Autos Pitstop: MBLY & TSLA Q2 / Ford & Geely JV, Recall / AUR Gen 2 / MOI

loyees, may have, or have had, interests or qualified

holdings on issuers mentioned in this report. Evercore and its affiliates may have, or have had, business relationships with the companies

mentioned in this report.

Additional information on securities or financial instruments mentioned in this report is available upon request.

Ratings Definitions

Current Ratings Definition

Evercore lSI's recommendations are based on a stock's total forecasted return over the next 12 months. Total forecasted return is equal to the

expected percentage price return plus gross dividend yield. We divide our stocks under coverage into three primary ratings categories, with the

following return guidelines:

Outperform- the total forecasted return is expected to be greater than the expected total return of the analyst's coverage sector.

In Line- the total forecasted return is expected to be in line with the expected total return of the analyst's coverage sector.

Underperform- the total forecasted return is expected to be less than the expected total return of the analyst's coverage sector.

Coverage Suspended- the rating and target price have been removed pursuant to Evercore lSI policy when Evercore is acting in an advisory

capacity in a merger or strategic transaction involving this company and in certain other circumstances.*

Rating Suspended- Evercore lSI has suspended the rating and target price for this stock because there is not sufficient fundamental basis for

determining, or there are legal, regulatory or policy constraints around publishing, a rating or target price. The previous rating and target price, if

any, are no longer in effect for this company and should not be relied upon.*