Presentation from the 2015 Vail Global Energy Forum at Beaver Creek (March 14-15, 2015). More information at www.vailglobalenergyforum.com

1. Future of Transportation Session
JB Straubel
CTO, co-founder
Mar 15th, 2015

2. Corporate Overview
Headquarters Palo Alto, CA Tesla Factory Fremont, CA
EU Assembly Tilburg, NLDesign Studio Hawthorne, CA
Company Founded
Roadster Prototype
Roadster Production Launch
Nasdaq IPO
Purchase Tesla Fremont Plant
N. America Model S Introduction
EU Model S Introduction
AWD Model S Launch
50,000+ Total Vehicles Delivered
11,000+ employees
2003
2006
2012
2013
2008
2010
2015
Oil Price: $~30/barrel

3. • Lead-acid technology was still status quo in 1995
• Performance had stagnated
 Short lifespan
 Very heavy
 Short range
Lithium ion Made Possible:
 4 X gravimetric energy density
 6 X volumetric energy density
 3 X cycle life
Battery History

4. Industry first Lithium Ion EV Powertrain
4 -
Controls and Software
Power Electronics
Module
(DC-AC Inverter, Charger)
53 kWh Lithium ion
battery pack
250hp AC
Induction Motor and
Gearbox

5. A New Idea in 2004:
Performance Electric Cars

6. Focus on Energy Storage Design and Cost
 Ground-up design as EV-only (Model S/X)
 Optimal packaging, safety and performance
 High energy density leads to lower cost
85 kWh Battery
Pack

7. AWD Dual Motor Platform
 Improved efficiency and torque distribution in Model S 85D
 Tight integration of power electronics control with energy storage

8. Model S
Performance
 3.2s (P85D, dual motor sport)
Driving range
 265 miles (US EPA rating)
Advanced range capabilities
 20 minute DC fast charge capability (10-60%)
“Better than anything we’ve ever tested”
“99 out of 100 points”

9. Always Connected Glass Cockpit

10. An Electronics and Software Culture
• Core focus and Tesla DNA
• Battery voltage management
• Motor Control
• Diagnostics
• Touchscreen
• Mobile App
• Traction and Stability Control
• Autopilot
• Complete Over the Air Updates

11. Connected Vehicle Fleet
• 1,000,000+ Tesla Vehicles x 10kW On-Board Charger
• 75 GWh of energy storage
• 10 GW Controllable Charging Load
• 50,000+ cumulative Model S vehicles
• 5 GWh of deployed energy storage
Today
2019

12. • Tesla Supercharger Network
135 kW power (300-415VDC)
0-50% SOC in 20 minutes
• Free long-range driving for Model S customers
EV Infrastructure – Tesla Supercharger

13. Superchargers Today (Tesla web Site “find us”)

14. VehicleAffordability
Market Size / Timing
Tesla Model S Tesla Model X
Second Generation Platform
Tesla Roadster
First Generation
Model 3 Platform
Tesla Model 3 Sedan & Crossover
Product Roadmap – Growing EV Volume

15. Tesla Roadster
GM EV1
VolumetricEnergyDensity[Wh/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

16. VehicleAffordability
Market Size / Timing
Tesla Model S Tesla Model X
Second Generation Platform
Tesla Roadster
First Generation
Model 3 Platform
Tesla Model 3 Sedan & Crossover
Product Roadmap – Growing EV Volume

17. 500,000
Vehicles
Global cell supply
growing, but almost
entirely in Asia
Planned 2020 Gigafactory Production Exceeds 2013 Global Production
Battery pack cost/kWh reduced >30% for Model 3
35,000
Vehicles
GWh/YearProduction
Tesla Battery Gigafactory

18. Module
Cathode
Manufacturing
Aluminum Foil
Cathode
Electrode
Anode
Electrode
Separator
Manufacturing
Separator Winding
Cell
Assembl
y
Anode
Manufacturing
Copper
Foil
RawMaterials
Cell
Cell
Cell
…
Pack
Module
Module
Module
…
Pack
Enclosure
Vehicle
Assembly
(Fremont, CA)
Can &
Cap
Battery Pack
Lifetime Usage
Battery Pack
Recycling
Raw
Steel/Alumin
um
Electrolyte
Manufacturing
Gigafactory Process Flow

20. Product Line Automotive Residential Commercial
Power/Energy 310 kW / 85 kWh 5 kW / 10 kWh 200 kW / 400 kWh+
Listed
Outdoor Rated
Stationary Energy Storage Product Derivatives

21. The Ideal Solution?
Q: What PV area is required to offset 100% of
Passenger car miles driven in the USA?1
Photovoltaic
1. 1.658 x 1012 miles in 2002 (DOT Bureau of Transportation Statistics)
2. cia.gov

22. 1. Battery costs will continue to decline faster than most predictions driven by
steady technology improvement and economies of scale
Future Transportation Predictions
2. Nearly all ground vehicles will evolve toward battery electric vehicles as
battery costs drop (hybrids -> plug in hybrids -> Evs)
5. The growing EV fleet will integrate with growing (intermittent) renewables
on the grid to allow 100% non-carbon energy for electricity and
transportation
3. Bulk battery energy storage on the grid will grow rapidly and further
accelerate battery cost reduction and scale increase
4. 95% autonomous, connected vehicles will become the new norm
improving safety, efficiency and utility

23. “The stone age came to an end not for lack of stones
And the oil age will come to an end not for lack of oil”
— Sheikh Yamani, former Saudi Oil Minister