Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and energy storage products. Vehicles and Products The company produces and sells two fully electric vehicles, the Model S sedan and the Model X sport utility vehicle (SUV). Model S Model S is a fully electric, four-door, five-adult passenger sedan that offers compelling range and performance with zero tailpipe emissions. Model S offers a range on a single charge of up to 288 miles as determined using the United States Environmental Protection Agency’s combined two-cycle city/highway test. The company offers performance and all-wheel drive dual motor system options. The performance version of its All-Wheel Drive Dual Motor Model S accelerates from 0 to 60 miles per hour in 2.8 seconds with the Ludicrous speed upgrade. Model S is also available with premium luxury features, including a 17 inch touch screen driver interface, the company’s advanced autopilot system with both safety and convenience features, and over-the-air software updates. Model X Model X is a sport utility vehicle that offers functionality with high performance features, such as its fully electric, all-wheel drive dual motor system and its autopilot system. Model X provides up to 257 miles of range on a single charge, and can accelerate from 0 to 60 as quickly as 3.2 seconds with the Ludicrous speed upgrade. Model X seats 7 adults and incorporates a falcon wing door system for superior access to the second and third seating rows. Model 3 The company has also publicly announced its intent to develop a third generation electric vehicle, called Model 3. Energy Storage Applications Using the energy management technologies and manufacturing processes developed for the company’s vehicle powertrain systems, it develops energy storage products for use in homes, commercial sites and utilities. The applications for these battery systems include backup power, peak demand reduction, demand response and wholesale electric market services. The company offers the next generation of its energy storage products under the Tesla Energy brand. The Tesla Energy product portfolio would include energy storage products with a range of applications, from use in single homes to use in larger utility-scale projects. Tesla Powerwall is a rechargeable lithium-ion battery designed to store energy at a residential and small commercial level for load shifting, backup power and self-consumption of solar power generation. Powerwall is available in storage sizes of 10kWh, optimized for backup applications, or 7kWh, optimized for daily use applications. In addition, the company offers a 100 kWh Powerpack for peak shaving, load shifting and demand response for commercial customers and for renewable firming and various grid services for utilities. For utility scale systems, 100kWh battery blocks can be grouped together to offer installation of approximately 10MWh. Vehicle Design and Engineering In addition to the design, development and production of the powertrain, the company has capabilities in the design and engineering of electric vehicles and electric vehicle components and systems. The company designs and engineers bodies, chassis, interiors, heating and cooling and low voltage electrical systems in house and to a lesser extent in conjunction with its suppliers. Service The company provides service for its electric vehicles at its company-owned service centers, at its Service Plus locations or, in certain areas for an additional charge, through Tesla Ranger mobile technicians who provide services that do not require a vehicle lift. As of December 31, 2015, the company owned and operated 118 service locations. The company’s Tesla Rangers, or mobile service team, can also perform an array of services from the convenience of a customer’s home or other remote location. Financial Services The company offers loans and leases for its vehicles in North America, Europe and Asia primarily through various financial institutions. It also offers financing arrangements directly through its local subsidiaries in certain areas of the United States, Germany, Canada an
tesla motors inc
(TSLA:Consolidated Issue Listed on NASDAQ Global Select )
3500 Deer Creek Road
Palo Alto, CA 94304
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