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Tesla Motors Investor Presentation. Jeff Evanson VP Investor Relations. Forward Looking Statements. - PowerPoint PPT Presentation


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Tesla Motors Investor PresentationJeff Evanson VP Investor Relations Copyright 2013 Tesla Motors, Inc.

Forward Looking StatementsCertain statements in this presentation, including statements relating to the ongoing development, quality improvements, production, supply chain, demand for and delivery expectations of Model S; the ability to achieve revenue and gross margin targets; and the ability of Tesla to execute on its new interactive retail strategy, future store, service center and Supercharger network opening and expansion plans; and statements regarding future vehicles such as right hand drive Model S, Model X and Gen III are forward-looking statements that are subject to risks and uncertainties. These forward-looking statements are based on managements current expectations, and as a result of certain risks and uncertainties, actual results may differ materially from those projected. You should not rely upon forward-looking statements as predictions of future events. Although Tesla believes that the expectations reflected in the forward-looking statements are reasonable, Tesla cannot guarantee that the future results, performance or events and circumstances reflected in the forward-looking statements will be achieved or occur.

The following important factors, without limitation, could cause actual results to differ materially from those in the forward-looking statements: delays in the ramping of production and delivery of Model 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 S and Model X; Teslas ability to control the costs associated with our business; Teslas ability to execute on its plans for its interactive retail strategy and for new store, service center and Supercharger openings as well as the risks and uncertainties identified under the section captioned Risk Factors in our quarterly report on Form 10-Q filed with the SEC on August 9, 2013. Except as required by law, Tesla disclaims any obligation to update information contained in these forward-looking statements. Copyright 2013 Tesla Motors, Inc. IP LeaderProven BrandLeading PartnersGrowth Platform Range leader

Pack cost leader

Charge-rate leader Tesla = EV leadership

Proven vehicles

EVs as better cars







World Class Management Team* Cash & cash equivalents as of 6/30/13 Foundation for Continued Success

$746 Million in Cash*

Copyright 2013 Tesla Motors, Inc.

Model S Most Awarded Car of 2013

Better than anything weve ever tested99 out of 100 points

Copyright 2013 Tesla Motors, Inc. What has been the response to Model S?Is Model S proving to be reliable?

Significantly Expanding the MarketAcceleration0-60; 4.2 s (Performance)Range265 miles for 85 kWhStarting Price for 60 kWh$62,400 (net of US tax credit*)Effective Finance CostAs low as $580 / month*** U.S. federal tax credit is $7500 ** After fuel savings Copyright 2013 Tesla Motors, Inc.

Safest Car Ever Tested by NHTSA

Overall Rating

Frontal Crash

Side Crash

Rollover 5 Star Across the Board NHTSA Safety Rating Copyright 2013 Tesla Motors, Inc.

U.S. demand 20,000 per year

Global demand 40,000+ per year by late 2014

Tesla owners are our best salespeople Demand Exceeding Production

Copyright 2013 Tesla Motors, Inc.

Market Share Leader Large Luxury U.S. Unit SalesCYTD through June 2013 Tesla Outsells Most Large Luxury Vehicles in U.S.Approx. 10% Market ShareSource: Company reports Copyright 2013 Tesla Motors, Inc.

On Plan for Transformational 2013Production Rateabout 500 per week1H 2013 Units Soldover 10,0001H 2013 Financials Profitable (non-GAAP)Positive Cash Flow from OperationsPlanned 2013 Deliveries21,000Q413 Gross Margin Target25% (with no ZEV credits) Copyright 2013 Tesla Motors, Inc. [2]

Range & Cost Leader[1] Cost Survey: Roland Berger Study LiB Value Chain and Cost Model (March 2011)

[2] Tesla Model S Projected cost not disclosed. Includes all cells, electronics, packaging and labor costsCost Leader (battery pack cost $/kWh)

Range Leader (miles/charge; EPA 5-cycle test) Over 140 Patents Awarded

Over 240 Patents Pending Copyright 2013 Tesla Motors, Inc. Power Mgmt SoftwareThermal Mgmt SoftwareCharge Mgmt SoftwareFlux Phasing & Mgmt2-Way InverterOn Board ChargerCompact Design

Proprietary DesignUp to 18,000 RPMNo ShiftingSmooth & ReliableIn House Mfg

Instant Peak TorqueAC Induction MotorNo Rare Earth Metals87% Avg EfficiencyIn House Mfg

Unique ChemistryProprietary Cathode GeometryAutomotive-Grade ConstructionPassive Safety FeaturesHigh Energy DensityActive CoolingCharge BalancingActive Safety FeaturesMfg Trade Secrets

Tesla Powertrain End-to-End Innovation

18650 CellsBattery PackPower ElectronicsMotorGear Box

Integration Value: A System that is Greater than Sum-of-the-Parts End-to-End Intellectual Property

Copyright 2013 Tesla Motors, Inc.

Period Ending:2Q2013Map KeyStores / Galleries4145

Retail Expansion Plan

North AmericaEuropeAsia/Pacific

Copyright 2013 Tesla Motors, Inc.

Service Center Expansion Plan

North AmericaEuropeAsia/Pacific

Period Ending:Q22013Map KeyService Centers4775

Copyright 2013 Tesla Motors, Inc. Nationwide Supercharger Network

Fast Charge Capability(up to 150 miles in 20 minutes)Sustainable & ConvenientFree

Current Installations

2013/14 Projection

2015 Projection Copyright 2013 Tesla Motors, Inc.

Model X A New Vehicle CategoryFalcon Wing Doors Deployed

ThemeFunctionality, Style and PerformancePowertrainWorlds First Dual-Motor AWDAvailabilityLate 2014 Copyright 2013 Tesla Motors, Inc. 1560 kWhEUAPAC

Unit Growth RoadmapNext Vehicle(Model X)Store, Service Center, and Supercharger Network Expansion21,000 deliveriesHigher Volume atLower Price PointThird Generation PlatformRight Hand Drive Model SModel X Copyright 2013 Tesla Motors, Inc. Actions taken to avoid future ramp delays

Questions & Answers Copyright 2013 Tesla Motors, Inc.