Scale

Opening remarks (Zach Kirkhorn) Big focus for Tesla over recent history is expansion and globalization of Model Y program Investor Day will be broken up into 5 parts “What does it take to to convert Earth to sustainable energy generation and use” Master Plan: Part 3 (Elon Musk & Drew Baglino) Tesla’s big goal is to show that there is a clear path to sustainable energy on Earth without destroying ourselves or the planet Detailed white paper will be published with their assumptions and calculations Over 80% of global energy comes from fossil fuels Half problem statement of fossil fuel economy 240TWh of battery energy storage to achieve that (combination of EVs and stationary storage) 8:1 ratio assumed meaning for 30TW of power we need 240TWh of energy storage This is not a big number relative to the global economy Electric economy will mine less ore than with fossil fuel economy All forms transportation (minus rockets) will go electric once energy battery production ramps enough All cars will go autonomous and electric, only a matter of time Conservative estimate based on assumptions around fleet size In reality fewer vehicles will be needed thanks to autonomy Heading rapidly towards autonomous & electric future Model 3 can go one mile on the same amount of energy it takes to boil a pot of water for pasta, and another to cook the pasta Modern EVs are extremely efficient Heatpumps are air conditioners in reverse that will be used to displace fossil fuel heat sources in homes At some point they might make heat pumps for homes Hydrogen could replace coal for things like steel production Needed for industrial processes Shipping accounts for 3% of global CO2 emissions Even w/ LFP long haul ships can be electrified Short haul planes easily doable, long haul flights will be in reach soon enough Long haul ships & planes need to be redesigned and switched to a different architecture to take advantage of electrified fuel source 450wh/kg is needed to convert long haul planes & ships to electrification and it already exists Tesla wants to produce 1TWh of energy per year as soon as they can Building a sustainable energy economy is less than sustaining existing fossil fuel economy Only requires 0.2% of available land Switching would dramatically reduce impact to environment 68 Gigatons of ore every year with fossil fuel economy Greatly reduced with switch to sustainable economy As we extract resources, we find more As Tesla has continued to grow, more core resources have become available Vast majority of heavy lifting in terms of electrified transport can be achieved by lithium iron phosphate batteries Only long range vehicles need nickel-based Lithium batteries Recycling efforts will make this ramp require less and less mined ore over time Vehicle Design (Franz von Holzhausen & Lars Moravy) ...