Tesla, Inc. — Director's Dealing 2019

May 21, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Tesla, Inc. (TSLA)
CIK: 0001318605
Period of Report: 2019-05-16

Reporting Person: Buss Brad W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-16	Common Stock	M	33334	$29.66	Acquired	34874	Direct
2019-05-16	Common Stock	M	5206	$29.66	Acquired	40080	Direct
2019-05-16	Common Stock	S	14931	$227.237	Disposed	25149	Direct
2019-05-16	Common Stock	S	8743	$227.951	Disposed	16406	Direct
2019-05-16	Common Stock	S	6230	$229.232	Disposed	10176	Direct
2019-05-16	Common Stock	S	7736	$230.069	Disposed	2440	Direct
2019-05-16	Common Stock	S	900	$230.768	Disposed	1540	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-16	Non-Qualified Stock Option (right to buy)	$29.66	M	5206	Disposed	2019-06-12	Common Stock (5206)	Direct
2019-05-16	Non-Qualified Stock Option (right to buy)	$29.66	M	33334	Disposed	2019-06-12	Common Stock (33334)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11808	Indirect

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 November 8, 2018. The option exercises reported herein are of long-held stock options that were scheduled to expire in June 2019.

F2: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $226.610 to $227.600, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, 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.

F3: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $227.610 to $228.600, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, 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.

F4: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $228.625 to $229.620, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, 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.

F5: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $229.640 to $230.500, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, 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.

F6: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $230.680 to $230.930, inclusive. The reporting person undertakes to provide Tesla, Inc., any security holder of Tesla, 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.

F7: 100% of the shares subject to the option became vested and exercisable on June 12, 2013.

F8: 1/24th of the shares granted became vested and exercisable as of each monthly anniversary beginning on July 8, 2013, such that all shares subject to the Option were fully vested and exercisable by June 8, 2015.