Tesla, Inc. · NASDAQ:TSLA

Tesla — Investor Day (March 2023)

169 slides from Tesla's investor day presentation, March 2023

  1. Slide 1: Investor Day

  2. Slide 2: Forward-looking statements

    Certain statements in this presentation, including, but not limited to, statements relating to the future development, ramp, production capacity and output rates, supply chain, demand and market growth, cost, pricing and profitability, deliveries, deployment, availability and other features and impr

  3. Slide 3: Investor Day

  4. Slide 4: Master Plan 3

  5. Slide 5: Sustainable Energy For All of Earth

    Sustainable Energy For All of Earth

  6. Slide 6: Our Energy Economy Is Dirty & Wasteful

    Our Energy Economy Is Dirty & Wasteful Primary Energy Consumption Current State SUSTAINABLE FOSSI L F UE LS 165 PWh/yr Over 80% of Global Energy Comes From Fossil Fuels Only 1/3 of Global Energy Delivers Useful Work or Heat

  7. Slide 7: But there's a better way

    But there’s a better way

  8. Slide 8: A Sustainable Energy Economy Is Within Reach & We Should Accelerate It

    A Sustainable Energy Economy Is Within Reach & We Should Accelerate It Primary Energy Consumption Current State SUSTAINABLE FOSSI L F UE LS 165 PWh/yr Sustainable SUSTAINABLE SOURCES 82 PWh/yr Energy Economy End Use Efficiency

  9. Slide 9: A Sustainable Energy Economy Is Within Reach & We Should Accelerate It

    A Sustainable Energy Economy Is Within Reach & We Should Accelerate It HOW THE MASTER PLAN WORKS 240TWh 30TW $10T 1/2 <0.2% 10% ZERO Storage Renewable Manufacturing The Energy Land Area 2022 Insurmountable Power Investment Required Required World GDP Resource Challenges

  10. Slide 10: The Plan To Eliminate Fossil Fuels

    The Plan To Eliminate Fossil Fuels Reduction In Fossil Fuel Use 35% 21% 22% 17% 5% ` Renewably Power Switch to Switch to High Temp Heat Sustainably Fuel The Existing Grid Electric Vehicles Heat Pumps Delivery & Hydrogen Planes & Boats Displaced 46 PWh/yr 28 PWh/yr 29 PWh/yr 22 PWh/yr 7 PWh/yr Fossil

  11. Slide 11: 1. Repower the Existing Grid With Renewables

    1. Repower the Existing Grid With Renewables 35% Full Sustainability Reduction In Fossil Fuel Use 24TWh 10TW $0.8T Stationary Solar + Wind Manufacturing Storage Investment

  12. Slide 12: 2. Switch to Electric Vehicles

    2. Switch to Electric Vehicles 21% Full Sustainability Reduction In Fossil Fuel Use 115TWh 4TW $7.0T Vehicle Batteries Solar + Wind Manufacturing & Stationary Storage Investment Needs

  13. Slide 13: 2. Switch to Electric Vehicles

    2. Switch to Electric Vehicles 21% Full Sustainability Reduction In Fossil Fuel Use Global Electric Fleet 40M 380M 20M 300M 700M 115TWh 4TW $7.0T Vehicle Batteries Solar + Wind Manufacturing & Stationary Storage Investment

  14. Slide 14: EVs Use Energy Far More Efficiently

    EVs Use Energy Far More Efficiently 21% Full Sustainability Reduction In Fossil Fuel Use Tesla Model 3 4x More Efficient Oil Well to Wheel Toyota Corolla

  15. Slide 15: 3. Switch To Heat Pumps in Homes, Businesses & Industry

    3. Switch To Heat Pumps in Homes, Businesses & Industry 22% Full Sustainability Reduction In Fossil Fuel Use 6TWh 5TW $0.3T Stationary Solar + Wind Manufacturing Storage Investment

  16. Slide 16: Heat Pumps Move Heat, They Don't Create It

    Heat Pumps Move Heat, They Don’t Create It 22% Full Sustainability Reduction In Fossil Fuel Use 1.4 1.2 Primary Energy / Heat Delivered 1.0 3x 0.8 Reduction 0.6 0.4 0 Gas Furnace Heat Pump

  17. Slide 17: 4. Electrify High Temp Heat Delivery & Hydrogen

    4. Electrify High Temp Heat Delivery & Hydrogen 17% Full Sustainability Reduction In Fossil Fuel Use 48TWh 6TW $0.8T Stationary Solar + Wind Manufacturing Storage Investment

  18. Slide 18: 4. Electrify High Temp Heat Delivery & Hydrogen

    4. Electrify High Temp Heat Delivery & Hydrogen 17% Full Sustainability Reduction In Fossil Fuel Use 48TWh 6TW $1.0T Stationary Solar + Wind Manufacturing Storage Investment

  19. Slide 19: 5. Sustainably Fuel Planes & Boats

    5. Sustainably Fuel Planes & Boats 5% Full Sustainability Reduction In Fossil Fuel Use 44TWh 4TW $0.8T Vehicle Batteries Solar + Wind Manufacturing & Stationary Storage Investment

  20. Slide 20: Stacking Up the Investments in Our Sustainable Future

    Stacking Up the Investments in Our Sustainable Future Solar & Wind Farms Vehicle & Stationary Batteries Manufacturing Capex 1.0 30TW 240TWh $10T 0.8 Planes 44 and Ships 4 0.3 7.0 High Temp 48 Thermal 6 Heat Pumps Planes and Planes and Ships Ships 5 6 High Temp 115 High Temp Thermal Thermal 4 Heat Pu

  21. Slide 21: It's Entirely Feasible

    It’s Entirely Feasible

  22. Slide 22: If We Grow our Production Capacity as Shown by 2030 We Can Be 100% Sustainable by 2050

    If We Grow our Production Capacity as Shown by 2030 We Can Be 100% Sustainable by 2050 Vehicle, Stationary, & Thermal Solar & Wind Deployment (TW/Yr) Electric Vehicle Production Millions/Yr Battery Production TWh/Yr 85 16 1.0 11x 3x 29x .36 8 .54 2022 Deployment Required Deployment 2022 Deployment R

  23. Slide 23: A Sustainable Energy Economy Is 60% Cheaper Than Fossil Fuel Investments

    A Sustainable Energy Economy Is 60% The Cost of Continuing Fossil Fuel Investments $16 $14T Dollars of Capital Investment [Trillions] $14 $12 $10T $10 $8 $6 $4 $2 $- 20 Years of Investment 20 Years Investment in In Fossil Fuels at 2022 Rate Sustainable Energy Economy Coal Natural Gas Oil

  24. Slide 24: More Than Enough Renewable Resources Available

    More Than Enough Renewable Resources Available Solar Direct Land Area Wind Direct Land Area 0.14% of Land 0.03% of Land

  25. Slide 25: More Than Enough Renewable Resources Available

    More Than Enough Renewable Resources Available Solar Direct Land Area Wind Direct Land Area Total Earth Land Area = 32,111,167,147 Acres 0.14% of Land 0.03% of Land 12.5% of Land Use for Agriculture = 4B Acres = 2x Contiguous US

  26. Slide 26: A Sustainable Energy Economy Involves Less Mineral Extraction

    A Sustainable Energy Economy Involves Less Mineral Extraction EACH TRUCK IS 1 GIGATON Everything Else Fossil Fuel Extraction

  27. Slide 27: A Sustainable Energy Economy Involves Less Mineral Extraction

    A Sustainable Energy Economy Involves Less Mineral Extraction EACH TRUCK IS 1 GIGATON Everything Else Sustainable Economy Materials

  28. Slide 28: The Resources Are There To Support the Transition

    The Resources Are There To Support the Transition Cumulative Demand Until 2050, Relative to 2023 USGS Estimated Resources NICKEL LITHIUM ZINC COPPER COBALT IRON MANGANESE ALUMINUM GRAPHITE 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

  29. Slide 29: And History Teaches: The More We Look, The More We Find

    And History Teaches: The More We Look, The More We Find What People Think Happens What Actually Happens 9 9 Reserves, Normalized To 2000 Reserves 8 8 7 7 Reserves 6 6 5 5 4 4 3 3 2 2 1 1 0 0 ‘02 ‘06 ‘10 ‘14 ‘18 ‘22 ‘02 ‘06 ‘10 ‘14 ‘18 ‘22 Ni Li Co Cu

  30. Slide 30: Recycling Will Further Reduce Mineral Demand

    Recycling Will Further Reduce Mineral Demand Mining Recycling Refining Lifetime Usage Cathode Production Cell Production

  31. Slide 31: A Sustainable Energy Economy Is Within Reach & We Should Accelerate It

    A Sustainable Energy Economy Is Within Reach & We Should Accelerate It HOW THE MASTER PLAN WORKS 240TWh 30TW $10T 1/2 <0.2% 10% ZERO Storage Renewable Manufacturing The Energy Land Area 2022 Insurmountable Power Investment Required Required World GDP Resource Challenges

  32. Slide 32: Vehicle Design

    01 Vehicle Design Franz von Holzhausen, Lars Moravy

  33. Slide 33: The Early Days

    The Early Days MODEL S

  34. Slide 34: 2012 Model S

    2012 Model S 1 DESIGN 2 ENGINEERING 3 MANUFACTURING

  35. Slide 35: Model 3

    Model 3 DESIGN 1 ENGINEERING 2 AUTOMATION MANUFACTURING

  36. Slide 36: Model 3 Production Hell

    - 4 | s===Model. 3-Production tlt Se ae | I —— S.A ;

  37. Slide 37: Cybertruck

    Cybertruck STEEL EXOSKELETON

  38. Slide 38: Combining the Processes for the Future

    Combining the Processes for the Future 1 D E SI G N E N G I N E E R I NG MA N UFACTUR I NG AUTOMATI O N

  39. Slide 39: Current Way of Assembling a Vehicle

    Current Way of Assembling a Vehicle Stamp Body Paint Final Assembly

  40. Slide 40: Current Way of Assembling a Vehicle

    Current Way of Assembling a Vehicle

  41. Slide 41: Current Way of Assembling a Vehicle

    Current Way of Assembling a Vehicle

  42. Slide 42: Structural Pack Sub-Assembly

    Structural Pack Sub-Assembly

  43. Slide 43: More People Can Work Simultaneously on Next Generation Vehicle

    More People Can Work Simultaneously on Next Generation Vehicle Model 3 Next Gen Vehicle 44% 30% Operator Density Space Time Improvement Efficiency Improvement

  44. Slide 44: Parallel & Serial Assembly

    Parallel & Serial Assembly Left Side Right Side Floor Stamp & Paint Vehicle Assembly Casting Front Rear Other

  45. Slide 45: Unboxed Process

    Unboxed Process

  46. Slide 46: Unboxed Process

    Unboxed Process

  47. Slide 47: Next Generation Vehicle Manufacturing Efficiencies

    Next Generation Vehicle Manufacturing Efficiencies LEGACY FOOTPRINT 50% Cost of Goods Sold / Car Reduction in Cost >40% Reduction In Manufacturing Innovation & Footprint Size NEW FOOTPRINT Model 3/Y Next Gen

  48. Slide 48: Powertrain

    02 Powertrain Colin Campbell

  49. Slide 49: Faster Than a Porsche, More Efficient Than a Prius

    Faster Than a Porsche, More Efficient Than a Prius

  50. Slide 50: Relentless Focus on Efficiency

    Relentless Focus on Efficiency Small SUVs (AWD) EPA Range in Miles/kWh 5 4 3 2 1 0 VW Ford Jaguar Audi Model Y 1D.4 Mach-E iPace e-tron Source: OEM Websites & Other Publicly Available Sources

  51. Slide 51: Efficiency Helps Us Scale

    Efficiency Helps Us Scale MODEL 3 POWERTRAIN FROM 2017-2022 20% 25% 75% 65% Lighter Less Rare Smaller Powertrain Cheaper Powertrain Drive Unit Earth Materials Factory Factory

  52. Slide 52: The Key: Holistic Thinking

    The Key: Holistic Thinking

  53. Slide 53: Custom Designed Microprocessor Packages for High-Power Electronics

    Custom Designed Custom Microprocessor Packages & Microprocessors for High-Powerfor Electronics Power Electronics BEFORE AFTER

  54. Slide 54: Powerful In-House Software

    Powerful In-House Software KEY SIMULATION TOOLS DEVELOPED BY TESLA

  55. Slide 55: Powerful In-House Software

    Powerful In-House Software KEY SIMULATION TOOLS DEVELOPED BY TESLA STATOR ROTOR

  56. Slide 56: Powerful In-House Software

    Powerful In-House Software KEY SIMULATION TOOLS DEVELOPED BY TESLA

  57. Slide 57: In-House Manufacturing Line & Automation Design

    In-House Manufacturing Line & Automation Design

  58. Slide 58: Our Next Drive Unit Will Be Even More Scalable

    Our Next Drive Unit Will Be Even More Scalable 75% ANY 50% ~$1,000 Reduction In Battery Chemistry Reduction In All-In Cost Silicon Carbide Accepted Factory Footprint

  59. Slide 59: Rare Earths Required

    Rare Earths Required MODEL Y ~500g ~10g ~10g Rare Earth 1 Rare Earth 2 Rare Earth 3

  60. Slide 60: Next Generation Permanent Magnet Motor: Zero Rare Earths

    Rare Earths Required NEXT GENERATION PERMANENT MAGNET MOTOR 0g 0g 0g Rare Earth 1 Rare Earth 2 Rare Earth 3 Lower Cost & Higher Efficiency Drive Units Using Zero Rare Earths

  61. Slide 61: Electronic Architecture

    03 Electronic Architecture Pete Bannon

  62. Slide 62: Model S 2012

    Model S 2012 COMPLEX LOW VOLTAGE ARCHITECTURE

  63. Slide 63: It's Been Messy

    It’s Been Messy

  64. Slide 64: Progress So Far

    Progress So Far

  65. Slide 65: From Model S to Model 3

    From Model S to Model 3 IMPROVED LOW VOLTAGE ARCHITECTURE MODEL S MODEL 3

  66. Slide 66: Designed Our Own Controllers, With More To Come

    Designed Our Own Controllers, With More To Come

  67. Slide 67: Switched From Fuse & Relay to Electronic Fuses

    Switched From Fuse & Relay to Electronic Fuses

  68. Slide 68: Replaced Lead Acid With Lithium Ion Batteries

    Replaced Lead Acid With Lithium Ion Batteries LEAD-ACID BATTERY LITHIUM ION BATTERY 87% Mass Reduction 4-YEAR REPLACEMENT LIFETIME

  69. Slide 69: Reduced Costs of Model 3/Y Center Display

    Reduced Costs of Model 3/Y Center Display

  70. Slide 70: What's Next

    weetein ee (eenras ipbicirl ee Hei Me el Write Lori Heit:

  71. Slide 71: The Future of Low Voltage Architecture

    The Future of Low Voltage Architecture CYBERTRUCK, OPTIMUS, & FUTURE VEHICLES ALL 48V

  72. Slide 72: Cybertruck

    Cybertruck FURTHER IMPROVING LOW VOLTAGE ARCHITECTURE

  73. Slide 73: Future of Tesla Low Voltage

    Future of Tesla Low Voltage 2012 MODEL S CYBERTRUCK NEXT GENERATION VEHICLE Simpler & Cheaper Electronic Architecture, With 100% of Controllers Designed In-House

  74. Slide 74: Software

    O04 Software David Lau

  75. Slide 75: Relentless Improvement Via Updates & Data Insights

    Relentless Improvement Via Updates & Data Insights

  76. Slide 76: Real World Crash Tests: Fewer Dummies, More Smarts

    Real World Crash Tests: Fewer Dummies, More Smarts FRONTAL IMPACTS LEFT HAND IMPACTS RIGHT HAND IMPACTS REAR IMPACTS

  77. Slide 77: Enabling Plaid-Speed Product Development

    Enabling Plaid-Speed Product Development 123M MILES DRIVEN PER DAY | 1.9M CHARGE SESSIONS EVERY DAY Total Vehicle Miles, All Platforms 100B 90B 80B 70B 60B 50B 40B 30B 20B 10B 0 2 2 2 6 0 2 6 6 6 2 6 2 0 0 0 0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -1 -1 -1 -1 -1 20 20 14 16 18 12 23 22 14 16 18 19 17 15

  78. Slide 78: Software That Spans the Entire System

    Software That Spans the Entire System

  79. Slide 79: Leveraging Vertical Integration

    Leveraging Vertical Integration PREDICTIVE AIR SUSPENSION Rougher Road

  80. Slide 80: Vehicle Software as an Integral Part of the Assembly Line

    Vehicle Software as an Integral Part of the Assembly Line

  81. Slide 81: Building the Foundations of Autonomous Fleet Management

    Building the Foundations of Autonomous Fleet Management TESLA PROFILES | SHARED PHONE KEY | LOGISTICS APP

  82. Slide 82: Software Enables Efficiency, Cost Reduction & Speed

    Software Enables Efficiency, Cost Reduction & Speed Enabling Robotaxi Fleet Reducing Service at Mass Scale Empowering Manufacturing

  83. Slide 83: Full Self-Driving

    05 Full Self-Driving Ashok Elluswamy

  84. Slide 84: Architecture for a Generalized Vision System

    Architecture for a Generalized Vision System

  85. Slide 85: Using State-of-the-Art AI for Modeling

    Using State-of-the-Art AI for Modeling Main Left Pillar Backup Navigation Camera Camera Camera Map RegNet RegNet … RegNet FPN FPN FPN Transformer Lanes Lane Instances Autoregressive Video Module Guidance Decoder Module Adjacency Matrix (Dense World VISION COMPONENT MAP COMPONENT Tensor) (Sparse Lane

  86. Slide 86: Also Solve Complex Planning Problems Using AI

    Also Solve Complex Planning Problems Using AI 10ms Joint Planning for Each Configuration 50ms Desired Planner Execution Time

  87. Slide 87: Automated Labeling by Multi-Trip Reconstruction

    Automated Labeling by Multi-Trip Reconstruction

  88. Slide 88: Automatically Produce Challenging Simulations

    Automatically Produce Challenging Simulations

  89. Slide 89: Data Alone Can Improve Corner Cases

    Data Alone Can Improve Corner Cases Vehicle Movement Accuracy Evaluation Set Training set 100 95 90 +14K VIDEOS 85 80 Sep Jan Mar Apr Oct

  90. Slide 90: Data Engine

    Training Set Tesla Fleet Train Online Train Offline Model Model Deploy Triage Shadow Testing DATA ENGINE Simulation Auto Label Human Label Mine Fleet SIMULATION AUTO LABEL HUMAN LABEL Corrrect Inaccuracy Evaluation Set

  91. Slide 91: Large Networks Need Large Clusters Trained With Large Dataset

    Large Networks Need Large Clusters Trained With Large Dataset 14K GPUs 4K For Auto Labeling 10K for Training 30PB DISTRIBUTED VIDEO CACHE 160B Frames 500K Videos Rotating Through Cache/Day 400K Video Instantiations per Second: OCCUPANCY NETWORK RECIPE Pick 1.44B frames Train for 100.000 GPU-hours at

  92. Slide 92: Scalable FSD = AI + Data + Compute

    Scalable FSD = AI + Data + Compute Higher Utilization Higher Safety Miles Driven Per 1 Collision Tesla Vehicles 3.2M Using FSD Beta US Average 0.5M

  93. Slide 93: Slide 93

  94. Slide 94: Charging

    O06 Charging Rebecca Tinucci

  95. Slide 95: Holistic Charging Experience

    Holistic Charging Experience 9 TWh OF CHARGING PROVIDED IN 2022 99% 1.5M 99.9% Roadtrips Weekly Supercharging Site-Level Possible Sessions Uptime

  96. Slide 96: How We Got Here

    How We Got Here

  97. Slide 97: Industry's Lowest Deployment Costs

    Industry’s Lowest Deployment Costs Supercharger Hardware & Installation Cost Residential AC Retail Hardware Cost $200K $1,200 $180K $160K $1,000 $140K -75% $800 $120K -55% -20% -50% $100K $600 $80K -35% $60K $400 $40K $200 $20K 0 0 Australia California New York North America Europe Competitor Averag

  98. Slide 98: Pre-Built Superchargers Save Weeks of Install Time & Cost

    Pre-Built Superchargers Save Weeks of Install Time & Cost

  99. Slide 99: 40% Improvement in Per kWh Costs

    40% Improvement in Per kWh Costs Per kWh Supercharger Cost (Not Including Energy Costs)

  100. Slide 100: Trip Planner Powers Efficient Routing

    Trip Planner Powers Efficient Routing Wait Time Is Down & Site Utilization Is Up 2.0% 200 150 % Of Customer Waiting Daily kWh per post 1.0% 100 50 0.0% 0 2019 2020 2021 2022

  101. Slide 101: 30% Quicker Charge Times

    30% Quicker Charge Times Average Supercharging Time - Transition to V3 - Efficient Routing With Trip Planner - Supercharger Density Increasing (Min) - Vehicle Efficiency - Battery Pre-Heating - Customer Education

  102. Slide 102: Charging the Fully-Electrified Fleet

    Charging the Fully-Electrified Fleet

  103. Slide 103: Ready To Serve All Vehicles

    Ready To Serve All Vehicles

  104. Slide 104: Maximize Convenient, Renewably-Powered Daytime Charging

    Maximize Convenient, Renewably-Powered Daytime Charging Match Vehicle Charging With Renewable Generation 1.8 1.6 1.4 1.2 1.0 0.8 0.6 0.4 0.2 Wind + Solar Generation Vehicle Charging 0 Few Vehicles Lots of Vehicles 0 5 10 15 20 Parked During Day Parked During Day Hour of Day

  105. Slide 105: What It Takes To Get There

    What It Takes To Get There Scale Capacity Open Up to Non-Teslas More Renewable Charging

  106. Slide 106: Can't Forget To Do Cool S***

    Can’t Forget To Do Cool S***

  107. Slide 107: Supply Chain

    07 Supply Chain Karn Budhiraj, Roshan Thomas

  108. Slide 108: Tesla Supply Chain

    Tesla Supply Chain TIER 1 PARTS TIER 2 PARTS 3.4K 21K 2.1K 19K 2.8K 7K

  109. Slide 109: The Most Powerful In-Vehicle Computer

    The Most Powerful In-Vehicle Computer 7K+ 1.4ms 95% Components Between Each Reduction in Labor Component Assembled Into a Car Computer

  110. Slide 110: Inbound Complexity

    Inbound Complexity IMG TBD 16M 1B 685 45 Pallets & Racks Electronic Components Global Service Locations Countries Received in 2022 Shipped Each Week

  111. Slide 111: Supply Chain Hell

    Supply Chain Hell Supply cha growth, an tion: Why are 3 to get to the in chaos is alr pes id it’s about t eady pitting global Shipping disrup 50 many queum us? 0 get wors, ‘It’s Not Sustainable’: What America’s Port Crisis Looks Like Up Close Global sh P Shortage in ¢ on ‘reac! ics n ra Teaches cris

  112. Slide 112: Scaling Against the Odds

    Scaling Against the Odds 1400 1200 THOUSANDS OF VEHICLES TTM 1000 800 600 400 200 0 Q1 ’18 Q1 ’19 Q1 ’20 Q1 ’21 Q1 ’22 Q4 ’22

  113. Slide 113: Semiconductor Industry Can Support Our Growth

    Semiconductor Industry Can Support Our Growth Tesla with FSD Hardware Uses More Semiconductors Than an ICE Vehicle 2023 FUTURE VEHICLES 1.8M+ 20M RELATIVE USAGE S I L I C O N WA F E R S U S E D 1 2 ” E Q U I VA L E N T 0.7M 8M G LO B A L WA F E R C A PAC I T Y ~135M 200M TESLA SHARE 0.5% <5%

  114. Slide 114: Before Heat Pump

    Before Heat Pump Legacy Model S/X Legacy Model 3

  115. Slide 115: Next Generation Thermal Architecture

    Next Generation Thermal Architecture HEAT PUMP 100+ SUBCOMPONENTS Numerous Manufacturing Processes: Forging, Stamping, Injection Molding, Brazing, Heat Treatment, Plastic Welding, Water Jetting, Machining, Ultrasonic Cleaning, Air Flushing, Soldering, Leak Testing, Complex Assembly

  116. Slide 116: Evolution of the Heat Pump Line

    Evolution of the Heat Pump Line W H E R E W E S TA R T E D MANUAL S E M I -A U TO M AT E D W H E R E W E A R E N OW S I M U L AT E D A U TO M AT E D

  117. Slide 117: Doing More With Less

    Doing More With Less 99% Reduction in labor 99.995% Of heat pumps received at Tesla are of high quality 7 sec Between each heat pump rolling off a supplier line

  118. Slide 118: Efficiency, Automation & Cost

    Efficiency, Automation & Cost Fewer Parts, Fewer Components Do More With Less Deep Involvement With Suppliers

  119. Slide 119: Manufacturing

    08 Manufacturing Tom Zhu, Drew Baglino

  120. Slide 120: We Build Ultra High Volume Factories

    We Build Ultra High Volume Factories 4 65K ~2M Vehicle Manufacturing Total Annual Factories Employees Build Capacity

  121. Slide 121: Completed Gigafactory Shanghai in 9.5 Months

    Completed Gigafactory Shanghai in 9.5 Months

  122. Slide 122: Hitting New Milestones in 2023

    Hitting New Milestones in 2023 FOR TOTAL VEHICLE PRODUCTION First Million Fourth Million 12 Years 7 Months

  123. Slide 123: What It Takes To Ramp a Gigafactory

    What It Takes To Ramp a Gigafactory 90% OVERALL EQUIPMENT EFFECTIVENESS & 45 SECOND CYCLE TIME Shanghai MY Output Fremont MY Output Labor Hours Labor Hours Output Output Fremont MY Labor Hours Shanghai MY Labor Hours 21’ Q3 21’ Q4 22’ Q1 22’ Q2 22’ Q3 22’ Q4 21’ Q3 21’ Q4 22’ Q1 22’ Q2 22’ Q3 22’ Q4

  124. Slide 124: Question Delete Simplify Accelerate Automate

    Question Delete Simplify Accelerate Automate

  125. Slide 125: Strengthened Feedback Loop Between Manufacturing & Service

    Strengthened Feedback Loop Between Manufacturing & Service (Last 6 Months) 11% 16% 9% Time in Service Early Service Service Appointment Reduction Reduction Wait Time Reduction Remove the minus sign from in front of each number since it says reduction in the unit

  126. Slide 126: Tesla Vehicle Footprint

    Tesla Vehicle Footprint & MORE TO COME ;) Austin Berlin Shanghai Fremont

  127. Slide 127: Future Factories, Too

    Future There Cell IsFactories, No SpoonToo THERE IS NO SPOON

  128. Slide 128: Future Factories, Too

    Future There Cell IsFactories, No SpoonToo THERE IS NO SPOON

  129. Slide 129: Simplicity Up, Investment Down, Scale Up

    Simplicity Up, Investment Down, Scale Up Typical 2170 Cylindrical Fremont 4680 GFTX 4680 GFNV Future 4680 Parts 17 16 15 15 Processes 33 23 21 21

  130. Slide 130: And Upstream Materials Where Necessary

    And Upstream Materials Where Necessary 50 GWh/Year Corpus Christi Lithium Refinery STARTS COMMISSIONING END OF 2023

  131. Slide 131: Manufacturing is the Cornerstone of a Sustainable Future

    Manufacturing is the Cornerstone of a Sustainable Future Build Production Lines Faster Ramp Faster Through Learnings New Waves of Production Lines Incoming

  132. Slide 132: Energy

    09 Energy Drew Baglino, Mike Snyder

  133. Slide 133: Building Mission-Aligned Projects Globally for 10 Years

    Building Mission-Aligned Projects Globally for 10 Years

  134. Slide 134: Growth Is Accelerating

    Growth Is Accelerating 65% CAGR SINCE 2016

  135. Slide 135: How Did We Get Here

    How Did We Get Here MANIACAL FOCUS ON ALL ASPECTS OF DELIVERING STATIONARY STORAGE VALUE

  136. Slide 136: Not Just a Big Box of Batteries

    Not Just a Big Box of Batteries

  137. Slide 137: 14 Years of In-House Power Electronics Expertise

    14 Years of in-House Power Electronics Expertise 1.4+ TW DEPLOYED

  138. Slide 138: Retiring Fossil Fueled Power Plants With Software

    Retiring Fossil Fueled Power Plants With Software

  139. Slide 139: How Did We Get Here

    How Did We Get Here RELENTLESS FOCUS ON SPEED OF EXECUTION

  140. Slide 140: Build Megafactories Faster

    Build Megafactories Faster FIRST MEGAFACTORY BUILT IN LESS THAN ONE YEAR

  141. Slide 141: Install Projects Faster

    Install Projects Faster 4X INSTALLATION & COMMISSIONING SPEED SINCE 2019

  142. Slide 142: Tesla Electric Unlocks the Full Value of Distributed Energy & Storage

    Tesla Electric Unlocks the Full Value of Distributed Energy & Storage ENABLING OUR CUSTOMERS TO BECOME THEIR OWN UTILITY $142/month Default Utility Service $69/month Add Solar and Powerwall, without Grid Interaction $130 Cost of Providing Electricity to the Tesla Electric Average Retail Value Creati

  143. Slide 143: Tesla Electric Rollout Plan

    4:20 Sta irbase charging R >» @ a Energy Impact Settings Go Off-Grid Tesla Electric Rollout Plan 77 Po Tee era E-TECTR IC ~ ae et 3 Tesla ect Tesla Sustainable Members Power w 350 MW Energy Price © Selling $1.20 Seed © Program Detsis Available Today “* For homes with Powerwall in competitive retail

  144. Slide 144: Tesla Electric Rollout Plan

    Tesla Electric Rollout Plan ing

  145. Slide 145: This Is Just the Beginning

    This Is Just the Beginning Cumulative Tesla Storage Deployed We are here Focus on Building Capacity & Ramping Fast Tesla Is an Electricity Retailer

  146. Slide 146: Impact at Tesla

    Impact at Tesla

  147. Slide 147: Impact

    01 Impact Laurie Shelby, Brandon Ehrhart

  148. Slide 148: Who We Are

    Who We Are

  149. Slide 149: The Team is Growing Rapidly

    The Team is Growing Rapidly 1/2 WORK IN MANUFACTURING 129k 120,000 100,000 80,000 60,000 40,000 20,000 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Tesla Global Employee Count

  150. Slide 150: Engineers Want to Work Here

    Engineers Want to Work Here Total Applicants US Engineering Students’ Rankings 3,000,000 Employer 2022 Ranking SpaceX 1 2,500,000 Tesla 2 2,000,000 NASA 3 Lockheed Martin 4 1,500,000 Boeing 5 Apple 6 1,000,000 Google 7 500,000 Microsoft 8 Northrop Grumman 9 0 Raytheon Technologies 10 2019 2020 2021

  151. Slide 151: As Employee Engagement Increases, Safety Improves

    As Employee Engagement Increases, Safety Improves 2022 7,000 3.1 6,000 2.9 Work Related Injuries Rate 5,000 2.7 Employee Suggestions 4,000 2.5 3,000 2.3 2,000 2.1 1,000 1.9 0 1.7 Q1 Q2 Q3 Q4 Employee Suggestions From GFNV Work related injuries Rate From GFNV

  152. Slide 152: Sustainability & Impact is Everything We Do

    Sustainability & Impact is Everything We Do Tesla Cells Tesla Solar Energy Storage Tesla Vehicles Maximizing Utilization Through Software Autobidder FSD

  153. Slide 153: Our Products Generate More Energy Than Our Products & Factories Consume

    Our Products Generate More Energy Than Our Products & Factories Consume Tesla Cumulative Net Energy Impact: 2012-2021 Energy Produced Tesla Solar Panels 25.39 (TWh) Energy Consumed Tesla Factories & Other Facilities 25.27 (TWh) Energy Used at Tesla Energy Used to charge Factories & Other Facilities

  154. Slide 154: Our Vehicles Emit Less Emissions Than Gas Vehicles

    Our Vehicles Emit Less Emissons Than Gas Vehicles INCLUDING BOTH MANUFACTURING & USE Average Lifecycle Emissions in U.S. 500 400 300 gCO2e/mi 200 100 0 Model 3Y Average Personal Use Premium ICE (US Avg Grid) Manufacturing Phase Use Phase

  155. Slide 155: Financials

    02. Financials Zach Kirkhorn

  156. Slide 156: We Continue To Reduce Cost of Our Existing Products

    We Continue To Reduce Cost of Our Existing Products Model 3 Cost Per Car - Normalized 30% Reduction 2018 2022 Includes material costs, manufacturing costs, inbound and outbound logistics, warranty Normalized for changes in market rates of lithium, nickel, steel and aluminum

  157. Slide 157: Cost Reductions Come From Everywhere

    Cost Reductions Come From Everywhere Overhead Product Volume Growth Productivity Efficiency Improvements Engineering Supplier Localization Changes Scale

  158. Slide 158: New Gen Vehicle Will Enable Step Change in Cost & Volume

    New Gen Vehicle Will Enable Step Change in Cost & Volume 50% Target Cost Current Volume Vehicle Battery & Manufacturing & Next Gen Product Powertrain Other Vehicle

  159. Slide 159: Total Cost of Ownership per Mile Over 5 Years

    Total Cost of Ownership per Mile Over 5 Years Toyota Corolla Model 3 Base Next Gen

  160. Slide 160: Tight Operating Expense Control To Enable Operating Cash Flow

    Tight Operating Expense Control To Enable Operating Cash Flow Operating Expenses as a % of Revenue (Non-GAAP) 20.0% 17.7% 18.0% 16.0% 13.7% 14.0% 12.0% 10.1% 10.0% 9.4% 7.5% 8.0% 6.6% 6.0% 4.0% 2.0% 0.0% 2018 2019 2020 2021 2022 Q4 2022 Excludes digital assets gain/loss, stock-based compensation, ma

  161. Slide 161: Industry Leading SG&A per Car Enabling Improved Affordability

    Industry Leading SG&A per Car Enabling Improved Affordability Selling, General & Administrative Expenses per Vehicles 60-70% Lower Than Traditional Traditional Tesla Benchmark: GAAP Operating Expenses, publicly traded OEM SG&A per vehicle + dealer SG&A per vehicle Publicly traded OEM SG&A includes a

  162. Slide 162: Efficiency Improvements

    Efficiency Improvements FINANCE CASE STUDY Tesla Operating System Factory Warehousing Service Mobile Customer Finance App Human Data Resources Recruiting Analytics

  163. Slide 163: Continued Improvement in Internal Process Efficiency

    Continued Improvement in Internal Process Efficiency Efficiency Improvement Performance & Capabilities 4x Order Modification North American Sales Captive Lease / 4x Loan Servicing Order Operations 5x Captive Insurance Financial Services Real Time Data Visibility 6x Accounts Payable 10Q & 10K Timelin

  164. Slide 164: We Expect our Pace of Investment to Scale With Operating Cash Flow Growth

    We Expect our Pace of Investment to Scale With Operating Cash Flow Growth 20M Annual 1 TWh Annual Energy Expand Cell Production, Vehicle Production Storage Production Service and Charging ~$150-175B ~$28B Funded by Operating Estimated Cash Flow Investment to Date Total Investment

  165. Slide 165: Capital Allocation

    Capital Allocation 1. Daily Operations Working Capital 2. Growth R&D Captive Financing Capital Expenditures (Market Gaps) (Growth) Downside Protection 3. Opportunistic Capital Expenditures 4. Excess Buyback / Dividend (Elective) Captive Financing (Elective) Acquisitions Debt Reduction

  166. Slide 166: Achieving the Master Plan

    Achieving the Master Plan Accelerate the Innovation Driven Improved Reinvest to Achieve World’s Transition to Cost & Efficiency Affordability Unprecedented Scale Sustainable Energy

  167. Slide 167: Gigafactory Mexico

    Gigafactory Mexico MANUFACTURING NEXT GEN VEHICLE

  168. Slide 168: Q&A

    Q&A

  169. Slide 169: Slide 169

Tesla — Investor Day (March 2023) on 6ix