Tesla, Inc. — Director's Dealing 2011

Jan 25, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TESLA MOTORS INC (TSLA)
CIK: 0001318605
Period of Report: 2010-06-12

Reporting Person: Straubel Jeffrey B (CTO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-06-12	Non-Qualified Stock Option (right to buy)	$14.17	A	29162	Acquired	2017-06-11	Common Stock (29162)	Direct
2010-09-13	Non-Qualified Stock Option (right to buy)	$20.72	A	5000	Acquired	2020-09-13	Common Stock (5000)	Direct

Footnotes

F1: On June 12, 2010, the reporting person was granted an option to purchase 116,650 shares of common stock as reported on a Form 3 filed by the reporting person on June 25, 2010. The option vests in four equal installments based on the Issuer's satisfaction of certain performance objectives set forth in the option agreement. On January 21, 2011, the Board of Directors certified that the first performance objective has been met, resulting in vesting of the option as to 29,162 shares.

F2: On September 13, 2010, the reporting person was granted an option to purchase 20,000 shares of common stock as reported on a Form 4 filed by the reporting person on September 14, 2010. The option vests in four equal installments based on the Issuer's satisfaction of certain performance objectives set forth in the option agreement. On January 21, 2011, the Board of Directors certified that the first performance objective has been met, resulting in vesting of the option as to 5,000 shares.