Planned 2020 Gigafactory Production Exceeds 2013 Global Production 500,000 Vehicles 40! GWh/Year Production 35! Global cell supply growing, but almost entirely in Asia Gigafactory! 30! Others! Lishen! 25! BYD! BAK! 20! ATL! Maxell! 15! Sony! Panasonic! 35,000 Vehicles 10! LGC! SDI! 5! 0! 2010! 2011! 2012! 2013! 2014! 2015! 2016! 2017! 2018! 2019! 2020! Battery pack cost/kWh reduced >30% by Gen III volume ramp in 2017 Source: IIT Takeshita 2013 Gigafactory Process Flow Pack Enclosure Raw Steel/ Aluminum Anode Manufacturing Copper Foil Battery Pack Recycling Separator Anode Electrode Winding Pack Module Module Module Module … Separator Manufacturing Module Cell Cell Cell Cell … Raw Materials Aluminum Foil Can & Cap Cathode Electrode Cell Assembly Cathode Manufacturing Electrolyte Manufacturing Battery Pack Lifetime Usage Vehicle Assembly (Fremont, CA) Tesla Gigafactory Gigafactory Projected Figures 2020 Tesla Vehicle Volume 500,000/yr 2020 Gigafactory Cell Output 35 GWh/yr 2020 Gigafactory Pack Output 50 GWh/yr Space Requirement Total Land Area (acres) Employees New Local Renewables Solar and Wind Up to 10M ft2 w/ 1-2 levels 500-1000 6,500 Rendering Gigafactory Location Finalists Finished battery packs from the Gigafactory to Fremont, CA for vehicle assembly. Final site selection activities are underway. Gigafactory Projected Timeline Site Selection ACTIVE Initial Project Design Tesla and its partners will invest ≈$4-5 billion in the Gigafactory through 2020. CapEx will be shared by Gigafactory partners. Tesla will directly invest ≈$2 billion. Partner Discussions Zoning & Design / Build Facility Construction Equipment Installation Production Launch and Ramp 2020 (500k Veh/Yr) TODAY 2014 2015 2016 2017 Forward Looking Statements Certain statements in this communication, including statements regarding the Tesla Gigafactory and its development plans, production capacity, cost savings, costs, timeline and vehicle production estimates, 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 events or results may differ materially from those contained in the forward-looking statements. Various important factors could cause actual results to differ materially from those in the forwardlooking statements, including potential difficulties in finding a suitable Tesla Gigafactory site, obtaining required permits, negotiating terms with technology and other partners, maintaining implementation schedules, output and cost estimates and vehicle demand. Please refer to Tesla’s most recent Annual Report on Form 10-K and its other filings with the Securities and Exchange Commission. These filings contain and identify important factors that could cause actual results to differ materially from those contained in Tesla’s forward-looking statements. Tesla disclaims any obligation to update information contained in these forward-looking statements.