© Copyright 2013 Tesla Motors, Inc. Tesla Motors Investor Presentation Jeff Evanson – VP Investor...
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Transcript of © Copyright 2013 Tesla Motors, Inc. Tesla Motors Investor Presentation Jeff Evanson – VP Investor...
© 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.
© 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*
© Copyright 2013 Tesla Motors, Inc.
Model S – Most Awarded Car of 2013
“Better than anything we’ve ever tested”“99 out of 100 points”
© 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
© 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.
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
© 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)
© 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
© 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
© Copyright 2013 Tesla Motors, Inc.
Period Ending: 2Q 2013
Map Key
Stores / Galleries 41 ≈45
Retail Expansion Plan
North America
Europe
Asia/Pacific
© Copyright 2013 Tesla Motors, Inc.
Service Center Expansion Plan
North America
Europe
Asia/Pacific
Period Ending: Q2 2013
Map Key
Service Centers 47 ≈75
© 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 Category
Falcon Wing Doors Deployed
Theme Functionality, Style and Performance
Powertrain World’s First Dual-Motor AWD
Availability Late 2014
© 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
© Copyright 2013 Tesla Motors, Inc.
Questions & Answers