Tesla Motors
TESLA MOTORS INC (Form: 8-K, Received: 12/16/2010 11:58:46)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

December 14, 2010

 

 

Tesla Motors, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-34756   91-2197729

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

3500 Deer Creek Road

Palo Alto, California 94304

(Address of principal executive offices, including zip code)

(650) 681-5000

(Registrant’s telephone number, including area code)

 

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


 

Item 8.01 Other Events.

Representatives of Tesla Motors, Inc. (the “Company”) used the investor presentation slides, attached hereto as Exhibit 99.1, in an investor presentation on December 14, 2010, and may use the slides in additional investor presentations from time to time.

The information contained in this Current Report on Form 8–K, including Exhibit 99.1, is furnished pursuant to Item 8.01 and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that Section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit
No.

  

Description

99.1    Investor presentation slides of Tesla Motors, Inc.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

TESLA MOTORS, INC.
By:   / S /    D EEPAK A HUJA        
 

Deepak Ahuja

Chief Financial Officer

Date: December 16, 2010


EXHIBIT INDEX

 

Exhibit
No.

  

Description

99.1    Investor presentation slides of Tesla Motors, Inc.

Exhibit 99.1

LOGO

 

TESLA

Investor Presentation


LOGO

 

TESLA

Best of Silicon Valley and Auto

Elon Musk

CEO, Product Architect

SPACEX

SolarCity

PayPal

Arnnon Geshuri

VP, Human Resources

Google

Jim Dunlay

VP, Hardware

HP invent

Sun Microsystems

JB Straubel

CTO

Innovator of the Year

Ricardo Reyes

VP, Communications

Google YouTube

George Blankenship

SVP, Sales

GAP

Deepak Ahuja

CFO

FORD

Gilbert Passin

VP, Manufacturing

TOYOTA John Walker

VP, N. American Sales

AUDI

GM

Franz von Holzhausen

Chief Designer

Audi

GM

Peter Rawlinson

VP & Chief Engineer

Corus

JAGUAR

LOTUS

Cristiano Carlutti

VP, European Sales

FIAT

2

© Copyright 2011 Tesla Motors, Inc. Proprietary and Confidential, disclosed under NDA

TESLA


LOGO

 

Engineering Team Growth

TESLA

Manufacturing Engineering

500

Vehicle Engineering

450

Powertrain Engineering

400 350 300 250 200 150 100 50 0

Q1 10 Q2 10 Q3 10

Includes employees and contractors

© Copyright 2011 Tesla Motors, Inc. Proprietary and Confidential, disclosed under NDA

TESLA


LOGO

 

Toyota TOYOTA

TESLA

• $50M investment at IPO

• Executed $9M prototype contract for RAV4 EV

• Executed development contract

– Developing full integrated powertrain with battery, charger, motor, gearbox and control software

– Expecting revenue of $60M

• RAV4 EV Development progressing

– Delivering early prototypes since July

– Prototype revealed in November at LA Auto Show

• Negotiating supply agreement for production RAV4 EV

© Copyright 2011 Tesla Motors, Inc. Proprietary and Confidential, disclosed under NDA

TOYOTA RAV4

TESLA


LOGO

 

Panasonic

Panasonic

TESLA

• $30 million investment in Q4 2010

• Builds upon long standing relationship

• No requirements to use Panasonic cells exclusively

• Custom 18650 automotive cell in development

– Improved cycle life

– Improved performance

– Improved safety

– Lower cost

“Tesla leads the auto battery pack industry. We are honored to be working with them.”

-Munhesa Ikoma, Panasonic CTO

© Copyright 2011 Tesla Motors, Inc. Proprietary and Confidential, disclosed under NDA

TESLA


LOGO

 

Daimler

TESLA

• Smart fortwo electric drive

– Order for 1,500 vehicles

– Shipping production battery packs and chargers since late 2009

• Mercedes A-Class electric vehicle

– Order for 500 vehicles expected

– Completed all development milestones in Q4 2010

– Now shipping production battery packs and chargers

Overall Sales to Daimler

($M)

$12

$9

$6

$3

$-

Q1 10 Q2 10 Q3 10

© Copyright 2011 Tesla Motors, Inc. Proprietary and Confidential, disclosed under NDA

TESLA


LOGO

 

Roadster Leading the Way

TESLA

• New stores in Tokyo, Copenhagen, Milan, Newport Beach and Paris

• Over 1,400 Roadsters on the road in 31 countries

• Over 8 million miles driven

Existing Planned 7

© Copyright 2011 Tesla Motors, Inc. Proprietary and Confidential, disclosed under NDA

TESLA


LOGO

 

Model S

TESLA

• 20,000 units annually*

• ~1% share of premium global market

* Projected for 2013 Model S Prototype 8


LOGO

 

In a Class of its Own

TESLA

Features* Performance*

More cargo room than any other sedan Up to 300 miles per charge

5 star crash rating 45 minute quick charge

17 inch 3DFX touchscreen computer Rapid battery swap

4G wireless connectivity 0-60 mph: under 6 seconds

Applications platform Exceptional handling

* Planned 9

© Copyright 2011 Tesla Motors, Inc. Proprietary and Confidential, disclosed under NDA

TESLA


LOGO

 

Cumulative Model S Reservations

TESLA

3,500

3,000

2,500

2,000

1,500

1,000

500 -

Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10

Note: Sales team not actively focused on getting Model S reservations Minimum $5,000 reservation price


LOGO

 

Platform for Broader Market Opportunity

TESLA

Sedan Cabriolet Van Crossover/SUV

Common Powertrain

Revolutionary Packaging

Adaptable Common Platform

11

© Copyright 2011 Tesla Motors, Inc. Proprietary and Confidential, disclosed under NDA

TESLA


LOGO

 

Progressing on Model S

2010 2011 2012

Mfg* Engineering*

Alpha build Beta build Production validation

External body design and engineering Crash test program begins Release candidate build

Stamping facility online Deliveries begin Safety and structural design

Paint shop operational

Supplier sourcing Installation of tooling equipment

Site preparation

*Planned


LOGO

 

Fremont Facility

TESLA

• Purchase Price: $42MM

• Historical annual capacity of over 400,000 units

• Proven facility used until recently to produce high quality cars

• Offers several advantages for Model S production

• Ideal for Gen III EV

Truck Paint Shop

Offices

Final Assembly

Body In White

Plastics

Material Handling

Press Shop

Planned Model S Facilities* Future Programs

*Illustrative Drawing

© Copyright 2011 Tesla Motors, Inc. Proprietary and Confidential, disclosed under NDA

TESLA


LOGO

 

Strategic Asset Purchases

TESLA

BTR1

3A Stamping Line Blanking Line

11 Cranes 1B Stamping Line

Car Paint Truck Paint

© Copyright 2011 Tesla Motors, Inc. Proprietary and Confidential, disclosed under NDA

TESLA


LOGO

 

Fremont Facility

TESLA

• Ownership transfer complete

• Legacy equipment removal on schedule

• Executing on detailed plans with suppliers in each shop (stamping, body, plastics, paint and final assembly)

• Manufacturing equipment arriving

• Preparing facility and processes for prototype builds in 2011

Chassis 1

Chassis 2 & Final

Delivery

Trim

© Copyright 2011 Tesla Motors, Inc. Proprietary and Confidential, disclosed under NDA

TESLA