© Copyright 2016 Tesla Motors, Inc. All rights reserved. Proprietary and confidential business information subject to and disclosed under applicable Non-disclosure Agreement and/or exempt from FOIA disclosure.

TESLA ENERGY PRODUCTS

November 2016

1

© 2016 TESLA MOTORS NETHERLANDS BV | PROPRIETARY & CONFIDENTIAL | DISCLOSED UNDER NDA

© Copyright 2016 Tesla Motors, Inc. All rights reserved. Proprietary and confidential business information subject to and disclosed under applicable Non-disclosure Agreement and/or exempt from FOIA disclosure.

T I M E L I N E O F I N N O V A T I O N

2015

TESLA ENERGY PRODUCTS

© Copyright 2016 Tesla Motors, Inc. All rights reserved. Proprietary and confidential business information subject to and disclosed under applicable Non-disclosure Agreement and/or exempt from FOIA disclosure.

70kWh, 90kWh and 100kWh 13.5kWh 200kWh+

E N E R G Y P R O D U C T S

M O D E L S / X

© Copyright 2016 Tesla Motors, Inc. All rights reserved. Proprietary and confidential business information subject to and disclosed under applicable Non-disclosure Agreement and/or exempt from FOIA disclosure.

Cylindrical Cells

Modules

Battery Packs Products

B A T T E R Y A R C H I T E C T U R E

© Copyright 2016 Tesla Motors, Inc. All rights reserved. Proprietary and confidential business information subject to and disclosed under applicable Non-disclosure Agreement and/or exempt from FOIA disclosure. 4

Oct 28th Announcement• Powerwall 2• Powerpack 2

© Copyright 2016 Tesla Motors, Inc. All rights reserved. Proprietary and confidential business information subject to and disclosed under applicable Non-disclosure Agreement and/or exempt from FOIA disclosure. 5

Powerwall 2.0 Improvements

Powerwall 1.0 Powerwall 2.0Key Differences

3.3 kW

6.4 kWh

Wall only

31 kWh/m3

1.5X increase

2X increase

Flexible and faster install

4X increase

5.0 kW

13.5 kWh

Wall and floor

117 kWh/m3

Power

Energy

Installation

Energy Density

Required Integrated system Included with AC

version

External Inverter

© Copyright 2016 Tesla Motors, Inc. All rights reserved. Proprietary and confidential business information subject to and disclosed under applicable Non-disclosure Agreement and/or exempt from FOIA disclosure. 6

P O W E R W A L L 2 B E N E F I T S

Backup your home Your path off gridUse more of your solar

© Copyright 2016 Tesla Motors, Inc. All rights reserved. Proprietary and confidential business information subject to and disclosed under applicable Non-disclosure Agreement and/or exempt from FOIA disclosure. 7

P O W E R W A L L 2 F E A T U R E S

Flexible installationDurable Design

Touch-safeAlways connected Long battery life

Affordable

© Copyright 2016 Tesla Motors, Inc. All rights reserved. Proprietary and confidential business information subject to and disclosed under applicable Non-disclosure Agreement and/or exempt from FOIA disclosure. 8

P O W E R P A C K 2

250kW/1MWh

4-Hour Configuration

© Copyright 2016 Tesla Motors, Inc. All rights reserved. Proprietary and confidential business information subject to and disclosed under applicable Non-disclosure Agreement and/or exempt from FOIA disclosure.

P O W E R P A C K a n d B I - D I R E C T I O N A L I N V E R T E R

© Copyright 2016 Tesla Motors, Inc. All rights reserved. Proprietary and confidential business information subject to and disclosed under applicable Non-disclosure Agreement and/or exempt from FOIA disclosure.

C O M P L E T E E N E R G Y S T O R A G E S O L U T I O N

BATTERY PACKS INVERTER INTEGRATED SOFTWARE REMOTE MONITORING

Tesla is your single source provider of the entire energy storage system

© Copyright 2016 Tesla Motors, Inc. All rights reserved. Proprietary and confidential business information subject to and disclosed under applicable Non-disclosure Agreement and/or exempt from FOIA disclosure. 11

The Powerpack can provide multiple value streams through

a range of applications, both front of and behind the meter

PEAK SHAVING

LOAD SHIFTING

DEMAND RESPONSE

BACKUP

MICROGRID

ANCILLARY SERVICES

CAPACITY FIRMING

TRANSMISSION & DISTRIBUTION INVESTMENT DEFERRAL

© Copyright 2016 Tesla Motors, Inc. All rights reserved. Proprietary and confidential business information subject to and disclosed under applicable Non-disclosure Agreement and/or exempt from FOIA disclosure.

M I C R O G R I D T R A C K R E C O R D

~20 MWh of microgrid systems will be online by end of 2016

8

0.4

0.4

0.5

1.2

4

1.5

0.5

0.4

© Copyright 2016 Tesla Motors, Inc. All rights reserved. Proprietary and confidential business information subject to and disclosed under applicable Non-disclosure Agreement and/or exempt from FOIA disclosure.

U T I L I T Y S C A L E P R O J E C T

Customer Type Utility

Location Hawaiian island

Distributed Energy

Resources

Solar PV

Storage System Size 52 MWh / 13 MW

Applications Shifting solar production

Commissioning 2016

Customer Type Utility

Location Substation in CA

Distributed Energy

Resources

-

Storage System Size 80 MWh / 20 MW

Applications Peak demand

Commissioning 2016 (3 months from deployment

to commissioning)

© Copyright 2016 Tesla Motors, Inc. All rights reserved. Proprietary and confidential business information subject to and disclosed under applicable Non-disclosure Agreement and/or exempt from FOIA disclosure.

G I G A F A C T O R Y 1

50 GWh in annual battery production by 2020Enough for 500,000 Tesla cars

Powered by renewable energyNet zero energy factory

© Copyright 2016 Tesla Motors, Inc. All rights reserved. Proprietary and confidential business information subject to and disclosed under applicable Non-disclosure Agreement and/or exempt from FOIA disclosure.

Gigafactory: key to success in ESS Market

Enables >30% cost reduction in cells– Optimize cell chemistry and mechanical design for EVs and ESSs

– Re-rationalize supply chain

– On-site vertical integration

– Scale and volume

– Joint innovation of improved production processes

– Reduced duties and shipping costs

© Copyright 2016 Tesla Motors, Inc. All rights reserved. Proprietary and confidential business information subject to and disclosed under applicable Non-disclosure Agreement and/or exempt from FOIA disclosure.

Gigafactory today

16