Tesla, Inc. — Director's Dealing 2012

May 14, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TESLA MOTORS INC (TSLA)
CIK: 0001318605
Period of Report: 2012-05-10

Reporting Person: Ahuja Deepak (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-10	Common Stock	M	10000	$2.7	Acquired	10980	Direct
2012-05-10	Common Stock	S	10000	$34.5	Disposed	980	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-10	Non-Qualified Stock Option (right to buy)	$2.7	M	10000	Disposed	2015-09-02	Common Stock (10000)	Direct

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 8, 2012.

F2: Amount of securities beneficially owned includes 81 shares acquired under the Tesla Motors, Inc. Employee Stock Purchase Plan on February 29, 2012.

F3: 1/4th of the shares subject to the option first become vested and exercisable on the date listed and 1/48th of the shares subject to the option shall become vested and exercisable each month thereafter.