Tesla, Inc. — Director's Dealing 2010

Oct 8, 2010

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: TESLA MOTORS INC (TSLA)
CIK: 0001318605
Period of Report: 2010-10-06

Reporting Person: Blankenship George (VP Sales and Service)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	200	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Incentive Stock Option (right to buy)	$14.17	2017-06-11	Common Stock (28228)		Direct
Non-Qualified Stock Option (right to buy)	$14.17	2017-06-11	Common Stock (105072)		Direct
Non-Qualified Stock Option (right to buy)	$20.72	2020-09-13	Common Stock (25000)		Direct

Footnotes

F1: 1/4th of the shares subject to the option become vested and exercisable one year from hire date and 1/48th of the shares subject to the option shall become vested and exercisable each month thereafter.

F2: 33,300 shares subject to the option become vested and exercisable upon the Issuer's achievement of certain performance objectives set forth in the option agreement. The remaining 71,772 shares vest as follows: 1/4th of the shares subject to the option vest one year from hire date, and the remaining 3/4th vest monthly thereafter at a rate of 1/48th per month.

F3: 1/48th of the shares subject to the option vest monthly from the vesting commencement date and continue to vest each month thereafter for four years.