Tesla 2014 Annual Report Download - page 139

Download and view the complete annual report

Please find page 139 of the 2014 Tesla annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 148

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148

Confidential Treatment Requested by Tesla Motors, Inc.
Attachment 1-A
List of Items, Pricing Mechanism
[***].
The pricing set forth above is based on the following [***]. The Parties shall work together on an on-going basis and in good faith to
[***], the Parties shall jointly determine the amount of [***] in good faith [***] following any such meeting, and [***] shall be reflected
in [***] pricing under this Attachment 1-A as follows: [***].
1.
Pricing for Cells Delivered Through December 31, 2013
2.
Pricing for Cells Delivered After January 1, 2014
(a)
Cell Pricing
.
2014
-
2015
1Q14
2Q14*
3Q14*
4Q14*
1Q15*
2Q15*
3Q15*
4Q15*
Price for Li-Ion Cell [***] (Tesla Part No. [***] )
1
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
Quantity (millions)
[***]
[***]
[***]
[***]
2016
-
2017
1Q16*
2Q16*
3Q16*
4Q16*
1Q17*
2Q17*
3Q17*
4Q17*
Price for Li-Ion Cell [***] (Tesla Part No. [***] )
1
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
Quantity (millions)
[***]
[***]
[***]
[***]
2014
-
2015
4Q13
1Q14
2Q14
3Q14
4Q14
1Q15
2Q15
3Q15
4Q15
[***] cost per cell
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***] cost per cell
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***] cost per cell
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***] cost per cell
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
[***]
1
The Parties may also agree to modify the types of Items eligible for purchase under this Agreement (e.g. by substituting later versions of
earlier cells), and purchases of such Items hereunder shall be deemed to satisfy any applicable purchase commitments hereunder and the
price for such Items shall be negotiated in good faith by the Parties.
*
The prices set forth above are [***], and the Parties shall recalculate the [***] in good faith [***].
Amendment to Tesla-Panasonic Supply Agreement
Page
4
of
5
[***] Information has been omitted and filed separately with the Securities and Exchange Commission. Confidential Treatment has been
requested with respect to the omitted portions.