Tesla, Inc. — Director's Dealing 2016

May 16, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TESLA MOTORS INC (TSLA)
CIK: 0001318605
Period of Report: 2016-05-12

Reporting Person: Buss Brad W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-12	Common Stock	M	3333.0	$6.63	Acquired	9215	Direct
2016-05-12	Common Stock	M	2000.0	$28.43	Acquired	11215	Direct
2016-05-12	Common Stock	S	5333.0	$208.13	Disposed	5882	Direct
2016-05-13	Common Stock	M	10000.0	$28.43	Acquired	15882	Direct
2016-05-13	Common Stock	S	10000.0	$207.555	Disposed	5882	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-12	Non-Qualified Stock Option (right to buy)	$6.63	M	3333.0	Disposed	2016-12-03	Common Stock (3333)	Direct
2016-05-12	Non-Qualified Stock Option (right to buy)	$28.43	M	2000.0	Disposed	2018-06-12	Common Stock (2000)	Direct
2016-05-13	Non-Qualified Stock Option (right to buy)	$28.43	M	10000.0	Disposed	2018-06-12	Common Stock (10000)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $207.50 to $207.77, inclusive. The reporting person undertakes to provide Tesla Motors, Inc., any security holder of Tesla Motors, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F2: 1/4th of the shares subject to the option become vested and exercisable on November 8, 2010 and 1/48th of the shares subject to the option shall become vested and exercisable each month thereafter.

F3: 100% of the shares subject to the option shall vest and become exercisable on the earlier of the first anniversary date of the grant or the day prior to the date of the next annual meeting of the stockholders of the Company following date of grant.