Tesla, Inc. — Director's Dealing 2012

Sep 14, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TESLA MOTORS INC (TSLA)
CIK: 0001318605
Period of Report: 2012-09-14

Reporting Person: Passin Gilbert (VP- Manufacturing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-09-14	Common Stock	M	300	$9.96	Acquired	740	Direct
2012-09-14	Common Stock	S	300	$30	Disposed	440	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-09-14	Incentive Stock Option (right to buy)	$9.96	M	300	Disposed	2017-03-02	Common Stock (300)	Direct

Footnotes

F1: The stock option exercise and sale reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 15, 2011.

F2: Amount of securities beneficially owned includes 111 shares acquired under the Tesla Motors, Inc. Employee Stock Purchase Plan on August 31, 2012.

F3: 1/4th of the shares subject to the option became vested and exercisable on January 25, 2011 and 1/48th of the shares subject to the option shall vest and become exercisable each month thereafter.