2. SAFE HARBOR
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 future vehicles such as Model X and Model 3 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.
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 capacity 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 X and Model 3; delays in the manufacture and launch of Model X; problems or delays in developing the stationary storage products; problems or delays in bringing the Gigafactory online and operating it in line with expectations; Tesla’s ability to establish, maintain and strengthen the Tesla brand; Tesla’s ability to execute on its manufacturing expansion 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 8, Except as required by law, Tesla disclaims any obligation to update information contained in these forward-looking statements.
During my presentation I may discuss our business outlook and make other forward-looking statements. Such statements are predictions based on management’s expectations as of today. Actual events or results could differ materially due to a number of risks and uncertainties, including those mentioned in our most recent Form 10-Q filed with the SEC.

3. MISSION
To accelerate the world’s transition to sustainable energy.

4. TIMELINE OF INNOVATION
2015
TESLA ENERGY
MODEL X

5. GIGAFACTORY 1

6. Tesla Battery Gigafactory 1
Overall LIB Market (GWh/Year)
Global cell supply growing, but almost entirely in Asia
500,000 Vehicles + Energy Storage
GWh/Year Production
Copyright© /B3 Corporation

7. Battery Cell Energy Density Trend
Volumetric Energy Density [Wh/l]
600
500
400
300
200
580
Doubling in 10 years
Tesla Model III
Li-Ion
330
350
Tesla Model S
280
Tesla Roadster
Ni/MH
Ni/Cd
General Motors EV1
1985
1990
1995
2000
2005
2010
2015

8. ENERGY PRODUCTS
MODEL
S/X
75kWh and 100kWh
6.4kWh – 13.5kWh
100kWh+

9. BATTERY ARCHITECTURE Products Cylindrical Cells Battery Packs Modules
Fundamental architecture / design is shared.
Small form factor cells arranged into modules.
Modules into packs.
Packs into products.

10. SCALABLE DESIGN “Pod” 1X 1X 16X
New pack for Tesla Energy called the pod.
Powerwall uses 1 Pod.
Powerpack uses 16 Pods.
Another example of using existing tech for new applications. Much like Superchargers use onboard chargers from Model S.

11. BATTERY SYSTEM EXPERTISE
90,000+ VEHICLES
1.5 BILLION MILES
7.5GWh ENERGY STORAGE
30GW POWER ELECTRONICS
50+ POWERPACK INSTALLATIONS
50+ MWh STORAGE
550+ SUPERCHARGERS
3,000+ CONNECTIONS
3.3 GW+ POWER ELECTRONICS

12. SOLAR SELF CONSUMPTION
Charge
Powerwall
Use Powerwall Energy
Excess
Solar
Energy
Grid
Feed-in
Use Grid
Solar Production kW
Time of Day
0:00
12:00
24:00
Direct Consumption
Home Loads

13. POWERWALL

14. POWERWALL KEY FEATURES
No field assembly
Wall mounted sleek design
Breakthrough pricing
Scalable
Unparalleled Battery Experience

15. SAMPLE INSTALLATION
Solar Paired, self consumption with backup.

16. POWERWALL USE CASES Backup Power Energy Independence
Energy Control to Save Money
Self-consumption
Load shifting
Utility demand charge avoidance
Utility demand response programs
Backup Power
Short-term brownouts and blackouts
Long term resiliency for natural disasters
Energy Independence
PV + Powerwall as primary; grid as backup
Completely off-grid

17. SELF CONSUMPTION + BACKUP SYSTEM DESIGN
INVERTER

18. German Residential Market Overview
Residential power consumers in Germany can save money by self-consuming more of their solar PV system’s generation due to gap between new Feed-in-Tariffs and retail electricity prices.
A storage unit allows excess PV generation to be stored and consumed during load spikes or generation troughs.
Tesla is introducing a second generation residential battery system using proven design and engineering from Electric Vehicles.

19. Site Analysis Method Storage Optimization kW Power Demand $
Rate Tariff
Maximize Savings Potential through co-optimizing for load shifting, demand shaving and battery characteristics
Tesla Algorithm

20. POWERPACK SYSTEMS 2MW/4MWh Tesla facility, Lathrop, CA
This Powerpack System is installed at Tesla’s own facility in Lathrop, CA. The 2MW/4MWh system performs peak shaving (demand charge reduction).

21. POWERPACK

22. POWERPACK KEY FEATURES
Fully integrated, AC-connected system
Liquid thermal control
Enhanced safety architecture
Scalable
Unparalleled Battery Experience

23. LARGE SCALE BENEFITS Increased renewable penetration
Energy cost reduction
Energy supply security
Grid efficiency
Grid resilience

24. 250kW / 1MWh POWERPACK GRID INTERFACE Flexible Installation
250kW PCS Blocks
Powerpack Combiner
Site Master Controller

25. POWERPACK INVERTER Liquid Cooled Outdoor Rated 50 kW to 500 kW
99% Efficiency
50Hz/60Hz
VAC
Internal temperature controls gives the Powerpack Inverter a broad operating temperature range (-30C to 50C)
Ingress Rating = IP66
Power range per Inverter cabinet = 50 kW to 500 kW
Peak Efficiency = 99%
Full Load Efficiency = 98.5%
CEC Efficiency = 99%
Nominal frequency is configurable to 50Hz or 60Hz
AC Voltage is configurable between VAC

26. POWERPACK SOFTWARE
Tailored Solution Dispatch Optimization Monitoring Application
Tailored Solution
Various applications on either side of the meter can be combined and prioritized to meet customer needs based on detailed use case simulations. The Tesla team works with businesses to determine the precise system specifications and applications for your site.
Dispatch Optimization
Powerpack Software autonomously performs real-time analysis and forecasting of a site’s energy usage, generation, and tariff data to optimize the charge and discharge of the batteries. Its algorithms can accommodate a wide range of on-site generation sources, tariff structures, and grid services.
Monitoring Application
Tesla’s use interface enables easy monitoring of system performance, savings and revenue over time.

27. POWERPACK SYSTEMS
250kW/1MWh
4-Hour Configuration

28. UTILITY SCALE PROJECTS
10MW / 40 MWh

29. Sample Energy Savings Estimate

30. Capacity Replenishment
CAPACITY MAINTENANCE
Capacity Replenishment
Ensures deliverability of firm capacity (kW) and energy (kWh) over life of maintenance agreement
Tesla will add hardware to the system on periodic basis
Capacity
Time

31. CAPACITY MAINTENANCE (20 YEARS)
Start
End
25MW / 100 MWh

32. QUESTIONS