Mateo Jaramillo Global Director, Tesla Energy NASEO Annual...

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Mateo Jaramillo – Global Director, Tesla Energy

NASEO Annual Meeting14 September 2015

© Copyright 2015 Tesla Motors, Inc. All rights reserved.

Safe Harbor Statement

Certain statements in this presentation, including statements relating to Model S production in 2014;manufacturing in general and manufacturing and timing of stationary storage products in particular;Gigafactory timing, site location, plans and output expectations; and statements regarding futurevehicles such as Model X and Model 3 are “forward-looking statements” that are subject to risks anduncertainties. These forward-looking statements are based on management’s current expectations,and as a result of certain risks and uncertainties, actual results may differ materially from thoseprojected.

The following important factors, without limitation, could cause actual results to differ materially fromthose in the forward-looking statements: delays in the ramping of production capacity and delivery ofModel S, including the ability of suppliers to supply parts at desired quality levels and quantities;market acceptance of electric vehicles in general and new Tesla vehicle models, specifically Model Xand Model 3; delays in the manufacture and launch of Model X; problems or delays in developing thestationary storage products; problems or delays in bringing the Gigafactory online and operating it inline with expectations; Tesla’s ability to establish, maintain and strengthen the Tesla brand; Tesla’sability to execute on its manufacturing expansion as well as the risks and uncertainties identified underthe section captioned “Risk Factors” in our quarterly report on Form 10-Q filed with the SEC on August8, 2014. Except as required by law, Tesla disclaims any obligation to update information contained inthese forward-looking statements.

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To accelerate the world’s transition

to sustainable energy.

Mission

3

“ ,,Elon Musk | CEO

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Corporate Overview

4

Headquarters Palo Alto, CA Tesla Factory Fremont, CA

EU Assembly Tilburg, NLDesign Studio Hawthorne, CA

2003

2006

2012

2013

Company Founded

Roadster Prototype

Roadster Introduction

IPO Raises $226MM

Purchase Tesla Factory

NA Model S Introduction

EU Model S Introduction

APAC Model S Introduction

RHD Model S Introduction

50,000+ Vehicles Delivered

Tesla Energy Introduction

2008

2010

2014

2015

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Automotive Products

5

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Superchargers 2015 (Tesla web site)

>500 Worldwide stations>3,000 Stalls>350MW load

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Distributed, Connected Vehicle Fleet

7

1,000,000 Vehicles x 10kW On-Board Charger =10GW Controllable Load

2015: 70,000+ cumulative Model S sold

-5GWh of deployed energy storage

-21GW bi-directional 3-phase AC inverters

-1 Billion miles driven

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An Electronics and Software Culture

8

• Core focus and Tesla DNA

• Battery voltage management

• Motor Control

• Diagnostics

• Touchscreen

• Mobile App

• Traction and Stability Control

• Complete Over the Air Updates

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Architecture

9

Cylindrical Cells

Modules

Battery Packs Products

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Tesla Roadster

GM EV1Vo

lum

etr

ic E

ne

rgy D

en

sity [W

h/l]

600

500

400

300

200

1985 1990 1995 2000 2005

Year

2010 2015 2020

Model S

700

Model 3

Battery Energy Density Trend

800

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500,000

VehiclesGlobal cell supply

growing, but

almost entirely in

Asia

Battery pack cost/kWh reduced >30% for Model 3

35,000

Vehicles

GW

h/Y

ear

Pro

du

cti

on

Tesla Battery Gigafactory

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Gigafactory

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Module

Cathode Manufacturing

Aluminum Foil

CathodeElectrode

AnodeElectrode

SeparatorManufacturing

Separator Winding

Ce

ll A

sse

mb

ly

Anode Manufacturing

CopperFoil

Raw

Mate

rials

Cell

Cell

Cell

Pack

Module

Module

Module

Pack

Enclosure

Vehicle Assembly and Stationary

Storage(Fremont, CA or final dest.)

Can & Cap

Battery Pack Lifetime Usage

Battery PackRecycling

Raw

Steel/Aluminum

Electrolyte Manufacturing

Gigafactory Process Flow

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CoCO3

Ni metalNiCoAlOH

(precursor)NiSO4

H2SO4 NaAlO2

NaOH

NiCoAlOCalcining

Li2CO3 LiOH

Chemical conversion

LiNiCoAlO2

Pulverizing

Classifying

O2

Calcining

CoSO4

smelter

Find True Materials Cost

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Energy Products

15

70kWh and 85kWh 7kWh and 10kWh 100kWh+

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Scalable “Pod” Design

19

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DC Combiner Panel

30’ – 4”

9’ – 1”

Bi-Directional PCS

(Inverter)

23’ – 11”

PowerpacksSpare Bays

(Capacity Maintenance)

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• Modular

• Scalable (10s of MW+)

• AC Parallel Connections

– High Reliability

– Simplified Construction

Utility Scale Projects

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10MW / 20 MWh

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Utility Scale Projects

23

25MW / 100 MWh

<2 acres

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• Storage can be a key component of an efficient, reliable,

low cost electric grid

– Projects underway now

• Should be evaluated with all option sets, considered as a

technology option for planning and funding

CPP and Storage

24

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Questions

25