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Tesla Motors Releases First Quarter 2012 Financial Results

PALO ALTO, CA -- (Marketwire) -- 05/09/12 -- Tesla Motors, Inc. (NASDAQ: TSLA) today released its first quarter 2012 financial results by posting the current Shareholder Letter on its website. Please visit the investor relations section of the Tesla Motors website at http://ir.teslamotors.com to view the letter and results.

As previously announced, Tesla Motors management will host a live Question & Answer (Q&A) session at 2:30 p.m. Pacific Time (5:30pm Eastern Time) to discuss the Company's financial results and business outlook.

What: Tesla Motors, First Quarter 2012 Financial Results Q&A Conference Call
When: May 9, 2012
Time: 2:30pm Pacific Time / 5:30pm Eastern Time
Shareholder Letter: http://ir.teslamotors.com
Webcast: http://ir.teslamotors.com (live and replay)
Live Call: (877) 312-5519 / (760) 666-3771 (International)

Approximately two hours after the call, a digital recording of the Q&A session will be available for a period of two weeks following the date of the call. To access the recording, please dial in to one of the following numbers using the conference ID shown.

Replay Dial In #: (855) 859-2056 Conference ID: 70938591
International Replay Dial In #: (404) 537-3406 Conference ID: 70938591

The webcast will also be archived on the Company's website for a period of one year following the date of the call.

About Tesla Motors

Tesla's goal is to accelerate the world's transition to electric mobility with a full range of increasingly affordable electric cars. Palo Alto, California-based Tesla Motors designs and manufactures EVs and EV powertrain components. Tesla has delivered more than 2,250 Roadsters, the world's first electric sports car, to customers world-wide. Model S, the first premium sedan to be built from the ground up as an electric vehicle, goes on the market the middle of this year.

For additional information, please visit http://ir.teslamotors.com.

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