1. Tesla Motors Investor Presentation
Jeff Evanson – VP Investor Relations

2. 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, Except as required by law, Tesla disclaims any obligation to update information contained in these forward-looking statements.

3. Foundation for Continued Success
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
$746 Million in Cash*
* Cash & cash equivalents as of 6/30/13

4. Model S – Most Awarded Car of 2013
What has been the response to Model S?
Is Model S proving to be reliable?
“Better than anything we’ve ever tested”
“99 out of 100 points”

5. 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

6. Safest Car Ever Tested by NHTSA
5 Star Across the Board NHTSA Safety Rating
Overall Rating
Frontal Crash
Side Crash
Rollover

7. Demand Exceeding Production
U.S. demand 20,000 per year
Global demand 40,000+ per year
by late 2014
Tesla owners are our best salespeople

8. Market Share Leader – Large Luxury
U.S. Unit Sales
CYTD through June 2013
Tesla Outsells Most Large Luxury Vehicles in U.S.
Approx. 10% Market Share
Source: Company reports

9. 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)

10. Range & Cost Leader Over 140 Patents Awarded Over 240 Patents Pending
Range Leader (miles/charge; EPA 5-cycle test)
Over 140 Patents Awarded
Over 240 Patents Pending
Cost Leader (battery pack cost – $/kWh)
[2]
[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

11. Tesla Powertrain – End-to-End Innovation
Integration Value: A System that is Greater than Sum-of-the-Parts
“18650” Cells
Battery Pack
Power Electronics
Motor
Gear Box
End-to-End Intellectual Property
Unique Chemistry
Proprietary Cathode Geometry
Automotive-Grade Construction
Passive Safety Features
High Energy Density
Active Cooling
Charge Balancing
Active Safety Features
Mfg Trade Secrets
Power Mgmt Software
Thermal Mgmt Software
Charge Mgmt Software
Flux Phasing & Mgmt
2-Way Inverter
On Board Charger
Compact Design
Instant Peak Torque
AC Induction Motor
No Rare Earth Metals
87% Avg Efficiency
In House Mfg
Proprietary Design
Up to 18,000 RPM
No Shifting
Smooth & Reliable
In House Mfg

12. Retail Expansion Plan North America Asia/Pacific Europe Period Ending:2Q
2013
Map Key
Stores / Galleries 41
≈45

13. Service Center Expansion Plan
North America
Asia/Pacific
Europe
Period Ending: Q2
2013
Map Key
Service Centers 47
≈75

14. Nationwide Supercharger Network
Current Installations
2013/14 Projection
2015 Projection
Fast Charge Capability
(up to 150 miles in 20 minutes)
Sustainable & Convenient
Free

15. Model X – A New Vehicle Category
Theme
Functionality, Style and Performance
Powertrain
World’s First Dual-Motor AWD
Availability
Late 2014
Falcon Wing Doors Deployed

16. Unit Growth Roadmap 2013 2014-2015 2016-2017 60 kWh EU APAC
Right Hand Drive Model S
Model X
Third
Generation Platform
Store, Service Center, and Supercharger Network Expansion
Actions taken to avoid future ramp delays
21,000 deliveries
Next Vehicle
(Model X)
Higher Volume at
Lower Price Point

17. Questions & Answers