Tesla investor Day 2023 Keynote presentation

Tesla investor Day 2023 Keynote presentation

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Business #TeslaInnovation #ManufacturingEfficiency #SustainableEnergy #EnergyEconomy #ElectricVehicles

Tesla investor Day 2023 Keynote presentation

@financepresentations1 week ago

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Certain statements in this presentation, including, but not limited to, statements relating to the …

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Sustainable Energy For All of Earth

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Our Energy Economy Is Dirty & Wasteful
Current State SUSTAINABLE FOSSIL FUELS 165 PWh/yr
Primary…

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But there’s a better way

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A Sustainable Energy Economy Is Within Reach & We Should Accelerate It
Current State FOSSIL FUELS
…

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A Sustainable Energy Economy Is Within Reach & We Should Accelerate It
$10T
Manufacturing
Invest…

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The Plan To Eliminate Fossil Fuels
Renewably Power
The Existing Grid
46 PWh/yr
35%
28 PWh/yr…

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1. Repower the Existing Grid With Renewables
Full
Sustainability
$0.8T
Manufacturing
Investme…

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2. Switch to Electric Vehicles
Full
Sustainability
21%
$7.0T
Manufacturing
Investment Needs
…

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2. Switch to Electric Vehicles
Full
Sustainability
21%
$7.0T
Manufacturing
Investment
115TW…

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EVs Use Energy Far More Efficiently
Full
Sustainability
21%
4x
More Efficient
Oil Well to Wh…

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3. Switch To Heat Pumps in Homes, Businesses & Industry
Full
Sustainability
22%
$0.3T
Manufac…

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Heat Pumps Move Heat, They Don’t Create It
0
Primary Energy / Heat Delivered
0.4
0.6
0.8
1.0
…

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Full
Sustainability
17%
$0.8T
Manufacturing
Investment
48TWh
Stationary
Storage
6TW
Sol…

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4. Electrify High Temp Heat Delivery & Hydrogen
Full
Sustainability
17%
$1.0T
Manufacturing
…

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5. Sustainably Fuel Planes & Boats
Full
Sustainability
5%
$0.8T
Manufacturing
Investment
44…

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Stacking Up the Investments in Our Sustainable Future
2
10
4
5
6
Solar & Wind Farms
Today
R…

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It’s Entirely Feasible

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If We Grow our Production Capacity as Shown by 2030
We Can Be 100% Sustainable by 2050
2022 Deplo…

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A Sustainable Energy Economy Is 60%
The Cost of Continuing Fossil Fuel Investments
$-
Dollars …

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

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

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

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

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The Resources Are There To Support the Transition
GRAPHITE
ALUMINUM
MANGANESE
IRON
COBALT
COP…

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And History Teaches: The More We Look, The More We Find
0
What People Think Happens
1
2
3
4
…

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Recycling Will Further Reduce Mineral Demand
Recycling
Refining
Cathode Production
Cell Product…

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A Sustainable Energy Economy Is Within Reach & We Should Accelerate It
$10T
Manufacturing
Invest…

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01 Vehicle Design
Franz von Holzhausen, Lars Moravy

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The Early Days
MODEL S

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2012 Model S
DESIGN ENGINEERING MANUFACTURING
1 2 3

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Model 3
DESIGN
ENGINEERING
MANUFACTURING
1 2 AUTOMATION

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Model 3 Production Hell

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Cybertruck
STEEL EXOSKELETON

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Combining the Processes for the Future
DESIGN
ENGINEERING
MANUFACTURING
1
AUTOMATION

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Current Way of Assembling a Vehicle
Stamp Body Paint Final Assembly

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Current Way of Assembling a Vehicle

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Current Way of Assembling a Vehicle

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Structural Pack Sub-Assembly

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More People Can Work Simultaneously on Next Generation Vehicle
44%
Operator Density
Improvement
…

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Parallel & Serial Assembly
Stamp & Paint
Casting
Vehicle Assembly
Left Side Right Side Floor
F…

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Unboxed Process

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Unboxed Process

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Next Generation Vehicle Manufacturing Efficiencies
>40%
Reduction In
Manufacturing
Footprint
…

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02 Powertrain
Colin Campbell

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Faster Than a Porsche, More Efficient Than a Prius

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Small SUVs (AWD)
EPA Range in Miles/kWh
5
4
3
2
1
0
Model Y VW
1D.4
Ford
Mach-E
Jaguar
…

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Efficiency Helps Us Scale
MODEL 3 POWERTRAIN FROM 2017-2022
20%
Lighter
Drive Unit
25%
Less R…

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The Key: Holistic Thinking

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Custom Designed Packages & Microprocessors for Power Electronics Custom Microprocessor for High-Pow…

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Powerful In-House Software
KEY SIMULATION TOOLS DEVELOPED BY TESLA

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

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Powerful In-House Software
KEY SIMULATION TOOLS DEVELOPED BY TESLA

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In-House Manufacturing Line & Automation Design

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Our Next Drive Unit Will Be Even More Scalable
75%
Reduction In
Silicon Carbide
ANY
Battery C…

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

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Rare Earths Required
0g
Rare Earth 1
0g
Rare Earth 2
0g
Rare Earth 3
NEXT GENERATION PERMANE…

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03 Electronic Architecture
Pete Bannon

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Model S 2012
COMPLEX LOW VOLTAGE ARCHITECTURE

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It’s Been Messy

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Progress So Far

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

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Designed Our Own Controllers, With More To Come

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Switched From Fuse & Relay to Electronic Fuses

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Replaced Lead Acid With Lithium Ion Batteries
LEAD-ACID BATTERY LITHIUM ION BATTERY
87%
Mass Red…

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Reduced Costs of Model 3/Y Center Display

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

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Cybertruck
FURTHER IMPROVING LOW VOLTAGE ARCHITECTURE

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Future of Tesla Low Voltage
2012 MODEL S CYBERTRUCK NEXT GENERATION VEHICLE
Simpler & Cheaper Ele…

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04 Software
David Lau

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Relentless Improvement Via Updates & Data Insights

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

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Enabling Plaid-Speed Product Development
0
2012-10
90B
100B
80B
70B
60B
50B
40B
30B
20B
…

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Software That Spans the Entire System

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Leveraging Vertical Integration
PREDICTIVE AIR SUSPENSION
Rougher Road

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Vehicle Software as an Integral Part of the Assembly Line

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Building the Foundations of Autonomous Fleet Management
TESLA PROFILES | SHARED PHONE KEY | LOGIST…

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Software Enables Efficiency, Cost Reduction & Speed
Enabling Robotaxi Fleet Reducing Service at Ma…

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05 Full Self-Driving
Ashok Elluswamy

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Architecture for a Generalized Vision System

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RegNet
FPN
Main
Camera
…
Transformer
Video Module
RegNet
FPN
Left Pillar
Camera
RegNet…

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Also Solve Complex Planning Problems Using AI
10ms
Joint Planning for Each Configuration
50ms
D…

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Automated Labeling by Multi-Trip Reconstruction

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Automatically Produce Challenging Simulations

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Data Alone Can Improve Corner Cases
80
85
90
95
100
Sep Jan Mar Apr Oct
Vehicle Movement Acc…

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Triage Shadow
Testing
Mine Fleet
Evaluation Set
Simulation Auto Label
Human Label
Training S…

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Trained With Large Dataset
14K GPUs
30PB DISTRIBUTED VIDEO CACHE
4K For Auto Labeling
10K for T…

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Scalable FSD = AI + Data + Compute
Tesla Vehicles
Using FSD Beta
US Average
3.2M
0.5M
Higher…

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06 Charging
Rebecca Tinucci

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Holistic Charging Experience
1.5M
Weekly Supercharging
Sessions
99%
Roadtrips
Possible
99.9%…

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How We Got Here

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Industry’s Lowest Deployment Costs
0
Supercharger Hardware & Installation Cost
$20K
$40K
$60K
…

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Pre-Built Superchargers Save Weeks of Install Time & Cost

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

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Trip Planner Powers Efficient Routing
0.0%
2019
Wait Time Is Down & Site Utilization Is Up
1.0…

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30% Quicker Charge Times
Average Supercharging Time
- Transition to V3
- Efficient Routing With…

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Ready To Serve All Vehicles

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Maximize Convenient, Renewably-Powered Daytime Charging
Lots of Vehicles
Parked During Day
0
…

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

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Can’t Forget To Do Cool S***

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07 Supply Chain
Karn Budhiraj, Roshan Thomas

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

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The Most Powerful In-Vehicle Computer
7K+
Components
1.4ms
Between Each
Component Assembled
…

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Inbound Complexity
IMG TBD
16M
Pallets & Racks
Received in 2022
1B
Electronic Components
S…

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Supply Chain Hell

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Scaling Against the Odds
0
200
Q1 ’18
400
600
800
1000
1200
1400
Q1 ’19 Q1 ’20 Q1 ’21 Q1 …

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Semiconductor Industry Can Support Our Growth
VEHICLES
SILICON WAFERS USED 12” EQUIVALENT
GLOBAL…

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Before Heat Pump
Legacy Model S/X Legacy Model 3

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Next Generation Thermal Architecture
SUBCOMPONENTS
100+
Numerous Manufacturing Processes:
Forgi…

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Evolution of the Heat Pump Line
MANUAL
SIMULATED
SEMI-AUTOMATED
AUTOMATED
WHERE WE STARTED
WH…

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Doing More With Less
99%
99.995%
7 sec
Reduction in labor
Of heat pumps received at
Tesla ar…

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

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08 Manufacturing
Tom Zhu, Drew Baglino

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65K
Manufacturing
Employees
4
Vehicle
Factories
We Build Ultra High Volume Factories
~2M
To…

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Completed Gigafactory Shanghai in 9.5 Months

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First Million
12 Years
Hitting New Milestones in 2023
FOR TOTAL VEHICLE PRODUCTION
Fourth Milli…

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What It Takes To Ramp a Gigafactory
21’ Q3 21’ Q4 22’ Q3 22’ Q4
Output
Output
22’ Q1 22’ Q2 21’…

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Question Delete Simplify Accelerate Automate

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Remove the minus sign from in front of each number since it says reduction in the unit
16%
Early …

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

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Future Cell Factories, Too There Is No Spoon
THERE IS NO SPOON

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There Is No Spoon
THERE IS NO SPOON
Future Cell Factories, Too

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Simplicity Up, Investment Down, Scale Up
Typical 2170 Cylindrical Fremont 4680 GFTX 4680 GFNV Futu…

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And Upstream Materials Where Necessary
50 GWh/Year Corpus Christi Lithium Refinery
STARTS COMMISS…

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Manufacturing is the Cornerstone of a Sustainable Future
Build Production Lines Faster Ramp Faster…

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09 Energy
Drew Baglino, Mike Snyder

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Building Mission-Aligned Projects Globally for 10 Years

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Growth Is Accelerating
65% CAGR SINCE 2016

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

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Not Just a Big Box of Batteries

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

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Retiring Fossil Fueled Power Plants With Software

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How Did We Get Here
RELENTLESS FOCUS ON SPEED OF EXECUTION

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Build Megafactories Faster
FIRST MEGAFACTORY BUILT IN LESS THAN ONE YEAR

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Install Projects Faster
4X INSTALLATION & COMMISSIONING SPEED SINCE 2019

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Tesla Electric Unlocks the Full Value of Distributed Energy & Storage
Tesla Electric
Value Creati…

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Tesla Electric Rollout Plan

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Tesla Electric Rollout Plan
ing

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This Is Just the Beginning
We are here
Cumulative Tesla Storage Deployed
Focus on Building Capac…

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Impact at Tesla

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01 Impact
Laurie Shelby, Brandon Ehrhart

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The Team is Growing Rapidly
0
20,000
2010
40,000
60,000
80,000
100,000
Tesla Global Employe…

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Engineers Want to Work Here
Total Applicants US Engineering Students’ Rankings
0
500,000
2019
…

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As Employee Engagement Increases, Safety Improves
Employee Suggestions From GFNV
Work Related Inj…

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Tesla Solar Energy Storage
Autobidder
Tesla Cells
Tesla Vehicles
FSD
Maximizing Utilization
T…

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Our Products Generate More Energy Than Our Products & Factories Consume
Tesla Cumulative Net Energ…

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Our Vehicles Emit Less Emissons Than Gas Vehicles
0
100
Model 3Y
Personal Use
(US Avg Grid)
…

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02 Financials
Zach Kirkhorn

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We Continue To Reduce Cost of Our Existing Products
2018 2022
Includes material costs, manufactur…

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Cost Reductions Come From Everywhere
Volume Growth Productivity Overhead
Efficiency
Product
Imp…

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New Gen Vehicle Will Enable Step Change in Cost & Volume
Current Volume
Product
Vehicle Battery …

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

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Tight Operating Expense Control To Enable Operating Cash Flow
Operating Expenses as a % of Revenue…

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Industry Leading SG&A per Car Enabling Improved Affordability
Traditional Tesla
Selling, General …

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Efficiency Improvements
FINANCE CASE STUDY
Factory Warehousing Service
Customer Mobile
App
Fi…

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Continued Improvement in Internal Process Efficiency
Efficiency Improvement Performance & Capabil…

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We Expect our Pace of Investment to Scale With Operating Cash Flow Growth
1 TWh Annual Energy
S…

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Capital Allocation
1. Daily Operations 2. Growth
3. Opportunistic 4. Excess
Working Capital
Cap…

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Accelerate the
World’s Transition to
Sustainable Energy
Reinvest to Achieve
Unprecedented Sc…

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Gigafactory Mexico
MANUFACTURING NEXT GEN VEHICLE

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Tesla investor Day 2023 Keynote presentation

@financepresentations

This presentation explores Tesla's vision for a sustainable energy economy, highlighting key aspects like electric vehicles, energy storage, and supply chain challenges. It discusses forward-looking statements, manufacturing efficiencies, cost reductions, and the importance of innovation in transforming energy consumption globally. Insights into Tesla's expansion strategy and its impact on the automotive industry are also covered.

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#TeslaInnovation #ManufacturingEfficiency #SustainableEnergy #EnergyEconomy #ElectricVehicles

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