© Copyright 2013 Tesla Motors, Inc. Tesla Motors Investor Presentation Jeff Evanson – VP Investor...

17
Copyright 2013 Tesla Motors, Inc. Tesla Motors Investor Presentation Jeff Evanson – VP Investor Relations

Transcript of © Copyright 2013 Tesla Motors, Inc. Tesla Motors Investor Presentation Jeff Evanson – VP Investor...

Page 1: © Copyright 2013 Tesla Motors, Inc. Tesla Motors Investor Presentation Jeff Evanson – VP Investor Relations.

© Copyright 2013 Tesla Motors, Inc.

Tesla Motors Investor Presentation

Jeff Evanson – VP Investor Relations

Page 2: © Copyright 2013 Tesla Motors, Inc. Tesla Motors Investor Presentation Jeff Evanson – VP Investor Relations.

© Copyright 2013 Tesla Motors, Inc.

Forward Looking Statements

Certain 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 management’s 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; Tesla’s ability to control the costs associated with our business; Tesla’s 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.

Page 3: © Copyright 2013 Tesla Motors, Inc. Tesla Motors Investor Presentation Jeff Evanson – VP Investor Relations.

© Copyright 2013 Tesla Motors, Inc.

IP Leader Proven Brand Leading Partners Growth Platform

Range leader

Pack cost leader

Charge-rate leader

Tesla = EV leadership

Proven vehicles

EVs as better cars

Sales

Suppliers

Investors

Manufacturing

Stores/Service

Supercharging

World Class Management Team

* Cash & cash equivalents as of 6/30/13

Foundation for Continued Success

$746 Million in Cash*

Page 4: © Copyright 2013 Tesla Motors, Inc. Tesla Motors Investor Presentation Jeff Evanson – VP Investor Relations.

© Copyright 2013 Tesla Motors, Inc.

Model S – Most Awarded Car of 2013

“Better than anything we’ve ever tested”“99 out of 100 points”

Page 5: © Copyright 2013 Tesla Motors, Inc. Tesla Motors Investor Presentation Jeff Evanson – VP Investor Relations.

© Copyright 2013 Tesla Motors, Inc.

Significantly Expanding the Market

Acceleration 0-60; 4.2 s (Performance)

Range 265 miles for 85 kWh

Starting Price for 60 kWh $62,400 (net of US tax credit*)

Effective Finance Cost As low as $580 / month**

* U.S. federal tax credit is $7500 ** After fuel savings

Page 6: © Copyright 2013 Tesla Motors, Inc. Tesla Motors Investor Presentation Jeff Evanson – VP Investor Relations.

© 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

Page 7: © Copyright 2013 Tesla Motors, Inc. Tesla Motors Investor Presentation Jeff Evanson – VP Investor Relations.

© 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

Page 8: © Copyright 2013 Tesla Motors, Inc. Tesla Motors Investor Presentation Jeff Evanson – VP Investor Relations.

© Copyright 2013 Tesla Motors, Inc.

Model S MB S-Class Lexus LS BMW 7 Series Audi A8 Porsche Panamera

0

2000

4000

6000

8000

10000

12000

Market Share Leader – Large Luxury

U.S. Unit SalesCYTD through June 2013

Tesla Outsells Most Large Luxury Vehicles in U.S.Approx. 10% Market Share

Source: Company reports

Page 9: © Copyright 2013 Tesla Motors, Inc. Tesla Motors Investor Presentation Jeff Evanson – VP Investor Relations.

© Copyright 2013 Tesla Motors, Inc.

On Plan for Transformational 2013

Production Rate about 500 per week

1H 2013 Units Sold over 10,000

1H 2013 Financials Profitable (non-GAAP)Positive Cash Flow from Operations

Planned 2013 Deliveries 21,000

Q4‘13 Gross Margin Target 25% (with no ZEV credits)

Page 10: © Copyright 2013 Tesla Motors, Inc. Tesla Motors Investor Presentation Jeff Evanson – VP Investor Relations.

© Copyright 2013 Tesla Motors, Inc.

2010 [1] 2020 [1] Tesla Model S $-

$100

$200

$300

$400

$500

$600

$700 $650+

$345

[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 costs

Cost Leader (battery pack cost – $/kWh)

Range Leader (miles/charge; EPA 5-cycle test)

Over 140 Patents Awarded

Over 240 Patents Pending

Mitsubishi i-MiEV

Ford Focus EV

Chevrolet Spark

Honda Fit EV

Nissan Leaf

Model S (60 kWh)

Model S (85 kWh)

62

76

82

82

84

208

265

Page 11: © Copyright 2013 Tesla Motors, Inc. Tesla Motors Investor Presentation Jeff Evanson – VP Investor Relations.

© Copyright 2013 Tesla Motors, Inc.

• Power Mgmt Software• Thermal Mgmt Software• Charge Mgmt Software• Flux Phasing & Mgmt• 2-Way Inverter• On Board Charger• Compact Design

• Proprietary Design• Up to 18,000 RPM• No Shifting• Smooth & Reliable• In House Mfg

• Instant Peak Torque• AC Induction Motor• No Rare Earth

Metals• 87% Avg Efficiency• In House Mfg

• Unique Chemistry• Proprietary Cathode

Geometry• Automotive-Grade

Construction• Passive Safety

Features

• High Energy Density• Active Cooling• Charge Balancing• Active Safety Features• Mfg Trade Secrets

Tesla Powertrain – End-to-End Innovation

“18650” Cells Battery Pack Power Electronics Motor Gear Box

Integration Value: A System that is Greater than Sum-of-the-Parts

End-to-End Intellectual Property

Page 12: © Copyright 2013 Tesla Motors, Inc. Tesla Motors Investor Presentation Jeff Evanson – VP Investor Relations.

© Copyright 2013 Tesla Motors, Inc.

Period Ending: 2Q 2013

Map Key

Stores / Galleries 41 ≈45

Retail Expansion Plan

North America

Europe

Asia/Pacific

Page 13: © Copyright 2013 Tesla Motors, Inc. Tesla Motors Investor Presentation Jeff Evanson – VP Investor Relations.

© Copyright 2013 Tesla Motors, Inc.

Service Center Expansion Plan

North America

Europe

Asia/Pacific

Period Ending: Q2 2013

Map Key

Service Centers 47 ≈75

Page 14: © Copyright 2013 Tesla Motors, Inc. Tesla Motors Investor Presentation Jeff Evanson – VP Investor Relations.

© 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

Page 15: © Copyright 2013 Tesla Motors, Inc. Tesla Motors Investor Presentation Jeff Evanson – VP Investor Relations.

© Copyright 2013 Tesla Motors, Inc.

Model X – A New Vehicle Category

Falcon Wing Doors Deployed

Theme Functionality, Style and Performance

Powertrain World’s First Dual-Motor AWD

Availability Late 2014

Page 16: © Copyright 2013 Tesla Motors, Inc. Tesla Motors Investor Presentation Jeff Evanson – VP Investor Relations.

© Copyright 2013 Tesla Motors, Inc.

60 kWhEU

APAC

Unit Growth Roadmap

2013 2014-2015 2016-2017

Next Vehicle(Model X)

Store, Service Center, and Supercharger Network Expansion

21,000 deliveries Higher Volume atLower Price Point

Third Generation

Platform

Right Hand Drive Model SModel X

Page 17: © Copyright 2013 Tesla Motors, Inc. Tesla Motors Investor Presentation Jeff Evanson – VP Investor Relations.

© Copyright 2013 Tesla Motors, Inc.

Questions & Answers