Mr. Sonsini has gained international recognition for his expertise in the areas of corporate law, corporate governance, securities, and mergers and acquisitions. He has been instrumental in many of the IPOs, mergers, acquisitions, and other key transactions of Silicon Valley and beyond, including Google's historic IPO and Hewlett-Packard's merger with Compaq Computer.

In addition to his duties at his firm, which included serving as chief executive officer as well as chairman for more than 20 years, Larry was a member of the board of directors of the New York Stock Exchange from 2001 to 2003, and served for more than five years as Chairman of the NYSE Regulation, enforcement and Listing Standards Committee.

Larry is one of the country’s best-known governance experts. In addition to serving on a number of public company boards, he was named “one of the most influential players in U.S. corporate governance” by Directorship magazine, recognized as Business Leader of the Year by the Harvard Business School Association of Northern California, and received the Bay Area Council’s Business Hall of Fame award.

Larry joined Wilson Sonsini Goodrich & Rosati in 1966 upon receiving his J.D. from Boalt Hall School of Law, University of California, Berkeley. He also received an A.B. from UC Berkeley in 1963. Larry was admitted to the California Bar in 1966.

Wilson Sonsini Goodrich & Rosati has since grown into the premier legal advisor to technology and growth companies worldwide, advising over 300 public enterprises on issues of corporate law, securities and corporate governance. In the past 5 years, the firm has advised clients on over 350 public offerings, more than any other law firm worldwide. In addition, the firm has completed over 400 public equity and debt financings and advised on more than 1,000 M&A transactions.

“Larry Sonsini has played a role in building and advising some of the most successful companies in existence today,” said Elon Musk, Chairman of Tesla Motors, “His guidance will be invaluable as Tesla Motors drives forward the electric transport revolution and grows to become one of the great car companies of the 21st century.”

Laurie Yoler, who has served on the Tesla Motors Board of Directors since the company’s founding, will transition to the Tesla Motors Advisory Board.

The Tesla Roadster, a groundbreaking electric car that delivers super car performance with zero emissions and extreme energy efficiency, can now be reserved by European customers for delivery starting in the Spring of 2009.

Production of 250 special edition euro-spec Roadsters will be allocated for the entire EU region for 2009. This special edition, fully loaded car is priced at 99,000 Euro (excluding VAT) and will be offered on a first come, first served basis. Residents in the EU and UK can reserve a car by contacting Tesla at eurosales@teslamotors.com or calling +1 650-413-6200.

The Tesla Roadster went into production in the U.S. on March 17, 2008. Over 1000 U.S. customers have reserved a Tesla Roadster. While U.S. demand is likely to exceed production capacity in 2009, this special allocation of 250 euro-spec roadsters will be reserved for the first European customers.

Tesla Motors Vice President of Sales, Marketing & Service, Darryl Siry, talked about Tesla’s expansion plans and the attractiveness of the European market on the company blog at http://www.teslamotors.com/blog3/?p=75 , stating “since we launched the Tesla Roadster in the US, there has been extraordinary interest from European customers and media. Now that we are in production, we are excited to offer this groundbreaking car to Europeans who want to be the first on the continent to drive a car with extraordinary performance, beautiful styling, and zero emissions.”

The first official display of the Tesla Roadster in Europe will be at the Top Marques Monaco event from April 24^th through April 27^th. Information on the event can be found at http://www.topmarquesmonaco.com. Tesla officials will be on hand to greet customers and media.

San Carlos, Calif. – (March 24, 2008) -- On March 27, 2008 the California Air Resources Board (CARB) will meet in Sacramento to review the recently proposed changes to the California Zero Emissions Vehicle (ZEV) Regulation as reflected in the staff’s Initial Statement of Reasons (ISOR) dated February 8, 2008.

If adopted as proposed, key provisions of the ISOR would needlessly weaken the intended purpose of the ZEV Regulation, rather than “strengthen the overall objective of the program” and “maintain pressure on the commercialization of PURE ZEV technologies,” as CARB has publicly committed to doing.

Furthermore, many of the recommendations in the ISOR are misguided; for example, concluding that “given the current state of battery technology staff doesn’t anticipate that manufacturers will produce any battery powered EV prior to 2012.” On the contrary, on March 17, 2008, Tesla Motors began production of the Tesla Roadster, an EPA, DOT, NHTSA and CARB certified zero emission, full performance, battery-powered electric vehicle.

Tesla Motors president and CEO, Ze’ev Drori, addressed these issues in a detailed letter to CARB Chairman, Mary Nichols. This letter can be read on the Tesla blog at http://www.teslamotors.com/blog2/?p=58.

About Tesla Motors

Tesla Motors develops and manufactures electric vehicles with exceptional design, performance and efficiency, while conforming to all U.S. safety, environmental and durability standards. The Tesla Roadster is the only highway capable production electric car of any kind for sale in the United States.

With a 0 to 60 mph acceleration of 3.9 seconds, a 13,000 rpm redline, and the fastest top gear acceleration of any production car tested by Car & Driver magazine in 2007, combined with an EPA rating of 135 MPG equivalent, the Tesla Roadster is unique in providing super car performance at twice the energy efficiency of the best hybrids.

First unveiled as a prototype on July 19^th, 2006, the revolutionary Tesla Roadster generated an extraordinary response from people everywhere who were inspired by the vision that beautiful, high performance cars could generate zero-emissions and burn no oil.

Less than 2 years later, this vision has become a reality as Tesla Motors begins production of this breakthrough electric vehicle. The 2008 model year is sold out and Tesla is currently taking reservations for the 2009 model year Tesla Roadster. To date, over 900 Tesla Roadsters have been reserved in total.

Through the course of development of the Roadster, Tesla Motors has established a leadership position in EV technology which it plans to extend over the next years, leading to the introduction of its next model, a five passenger sports sedan, in 2010.

Tesla Motors president and CEO, Ze’ev Drori, comments further on this important milestone on the corporate blog at http://www.teslamotors.com/blog2/?p=57 .

Tesla Motors develops and manufactures electric vehicles with exceptional design, performance and efficiency, while conforming to all U.S. safety, environmental and durability standards. The Tesla Roadster is the only highway capable production electric car of any kind for sale in the United States.

With a 0 to 60 mph acceleration of 3.9 seconds, a 13,000 rpm redline, and the fastest top gear acceleration of any production car tested by Car & Driver magazine in 2007, combined with an EPA rating of 135 MPG equivalent, the Tesla Roadster is unique in providing super car performance at twice the energy efficiency of the best hybrids. For more information, visit www.teslamotors.com.

The first production Tesla Roadster was delivered to Elon Musk on February 1, marking a historical milestone for the company. Series production is scheduled to commence March 17th. The entire production run of the 2008 Tesla Roadster is sold out and the company is currently taking orders for the 2009 model year.

Tesla Motors is establishing nationwide sales and service capabilities, beginning with flagship stores in Menlo Park and Los Angeles. Both stores are scheduled to be opened early this Spring. "The delivery of the first production Tesla Roadster marks a great historical milestone along the way to Tesla becoming one of the great car companies of the 21st century,” said Elon Musk, Chairman of Tesla Motors. "The Roadster now in production is just the first of a series of models from Tesla, soon to be followed by our 4 door sports sedan. Eventually, Tesla Motors will offer a full line of electric vehicles, leading the way in the changeover from gasoline cars to an electric future."

Tesla Motors develops and manufactures electric vehicles with exceptional design, performance and efficiency, while conforming to all U.S. safety, environmental and durability standards. The Tesla Roadster is the only highway capable production electric car of any kind for sale in the United States.

With a 0 to 60 mph acceleration of 3.9 seconds and the fastest 30 to 70 mph acceleration of any production car ever tested by Car & Driver magazine, combined with an EPA rating of 135 MPG equivalent, the Tesla Roadster is unique in providing super car performance at twice the energy efficiency of the best hybrids. For more information, visit www.teslamotors.com.

• Tesla Motors has received all regulatory approvals to import the first production Tesla Roadster (“P1”) for sale. This includes all necessary EPA and DOT approvals, including completion of all Federal Motor Vehicle Safety Standards (FMVSS.)
• P1 will arrive at Tesla Motors headquarters next week for delivery to customer Elon Musk, Chairman of Tesla Motors.
• Series production of the Tesla Roadster is scheduled to begin March 17th, 2008.

• As communicated previously, early production units will be equipped with an interim transmission that meets durability requirements but limits acceleration to 5.7 seconds from 0 to 60 mph.
• Separately, Tesla Motors engineers have designed a permanent solution for mass production that supports the original specification of 0 to 60 mph in 4 seconds.
• The planned solution has some very positive benefits for our customers. Instead of a complex 2-speed transmission design, Tesla will achieve the original performance goals with a simpler one-speed unit mated to a higher rated Power Electronics Module (PEM.) The existing motor will be modified to have advanced cooling capabilities to handle the additional power. The permanent transmission unit will be engineered to handle the higher torque of the powertrain.
• The planned solution reduces program risk, provides better efficiency, lower weight, equal or better range, better thermal performance and quicker quarter mile acceleration due to the elimination of the need to shift gears.
• The planned solution incorporates the latest developments of our powertrain team which has been continually improving on Tesla’s core technology.
• Early production will proceed at a limited rate and then ramp up to full production when the permanent powertrain solution is production ready later this year.
• The upgrade from the interim solution to the higher power, permanent solution will be provided to our customers free of charge when available later this year.

Ze’ev Drori, incoming President and CEO of Tesla Motors, commented, “As I join Tesla Motors, it is extraordinary to see what has been accomplished in such a short time by Martin Eberhard and the employees of this company. As an entrepreneur, I deeply appreciate the hard work and passion that goes into founding a company and building something from nothing. I admire Martin’s tremendous vision and skills and wish him the very best.”

• Michael Marks, CEO of Tesla Motors, has established a production goal of 50 cars in the first quarter of 2008, followed by an additional 600 cars for the remainder of the year.
• Tesla has been engaging in intensive durability and validation testing of final prototype cars (known as “validation prototypes.”)
• This production schedule provides the opportunity to ensure that the all aspects of the production cars meet the level of quality and reliability that is expected when shipped to customers.
• As part of this final testing, a Tesla Roadster ran for 245 miles on the combined EPA cycle on a single charge (235 on the EPA highway cycle, 255 on the EPA city cycle.)
• Separately, a validation prototype Tesla Roadster successfully passed static and dynamic side-intrusion crash tests, the only tests that were not passed in the earlier prototype phase.
• In other performance testing, a validation prototype Tesla Roadster accelerated consistently from 0 to 60 mph in under 4 seconds.
• Tesla Motors has initiated a unique program, inviting customers to participate in durability and validation testing by road-testing our validation prototypes and providing feedback to marketing and engineering teams. Customers have shared their feedback on the Tesla Motors blog and with other customers in a members-only online forum.
• Tesla will stop taking reservations for 2008 Roadsters in the near future and initiate a traditional waiting list. Customers who sign up for the waiting list will pay $5,000 for their place in line for additional 2008 Roadsters if and when an increase in production is announced. Alternatively, customers on the waiting list will be first in line for the 2009 model year Roadster (pricing and specifications for 2009 Roadsters is not yet announced.)

• The announcement of this production schedule represents a change from the previously stated goal of fall 2007. In the last letter to customers in August, former CEO Martin Eberhard indicated that the production schedule was subject to successful completion of crash testing and durability testing. This new schedule represents the decision to continue with additional durability and validation testing prior to start of production and shipping of cars to customers.
• In an announcement earlier this year, Tesla notified customers that the EPA range of the car was not likely to reach the original goal of 250, and instead would be closer to 200 miles based on progress at that time. Since then, Tesla engineers have worked diligently to improve on this critical performance metric, and the results of the effort over the last months have been extraordinary.
• The EPA cycle test result was observed by CARB (California Air Resources Board) staff and is expected to be formally certified by EPA in the near future, as is standard procedure.
• The range of the Tesla Roadster is by far the highest range ever achieved by a production EV. The next closest was the 1999 EV1 using nickel metal-hydride batteries, which achieved a 140 mile range rating. No other EV currently being developed has completed an official test for range using the EPA standard protocols.
• Acceleration testing was performed by Tesla staff using GPS instrumentation with traction control on. Additional testing is planned with third parties in the near future.

• A blog by Tesla engineer Andrew Simpson on the range and performance testing can be found at the following link: http://www.teslamotors.com/blog4/?p=60
• Blogs featuring unedited writeups of our customers’ experiences driving the Tesla Roadster can be found at http://www.teslamotors.com/blog5/?p=55
• Tesla Motors CEO Michael Mark’s letter to customers can be found on the Tesla Motors website at http://www.teslamotors.com
• Additional information on EPA range testing procedures for the Tesla Roadster can be found on the following blog, published last May on the Tesla website : http://www.teslamotors.com/blog4/?p=57

SAN FRANCISCO (Sept. 12, 2007) – Pacific Gas and Electric Company today announced it has partnered with Tesla Motors to further evolve vehicle-to-grid (V2G) technology by researching smart charging – a form of V2G designed to allow remote control charging of electric vehicles connected to the power grid. The project partnership will combine Tesla Motors’ leading electric vehicle expertise with PG&E’s electric infrastructure experience to explore the ancillary grid benefits of remote charging.

“V2G technology is one of the most promising solutions to help meet our growing energy needs while reducing the transportation sector’s impact on the environment”, said Brad Whitcomb, vice president of customer products and services for PG&E. “By teaming up with Tesla, we are taking another key step to bring V2G’s benefits to our customers.”

“We are focusing our initial V2G implementation on smart charging,” said JB Straubel, Chief Technology Officer, Tesla Motors. “Smart charging is a form of V2G in which the vehicle does not provide power back to the grid. Instead, the vehicle charging rate is controlled remotely in order to support the operation of the grid or to best match load to the availability of intermittent renewable energy resources such as wind and solar. Tesla Motors’ goal in developing V2G is to eventually provide our customers with an option that could reduce their cost of electricity for vehicle charging while supporting greater penetration of renewable energy on the grid.”

Using the all-electric Tesla Roadster, PG&E will demonstrate smart charging, which allows remote access to the electric vehicle’s charging power level through communication with the utility. Tesla Motors will work with PG&E to equip a demonstration Roadster with the communications technology that enables intelligent charging. PG&E will also install monitoring equipment at the auto manufacturer’s San Carlos location for testing purposes.

V2G technology allows for the bi-directional transfer of electricity between Electric Vehicles (EVs) and Plug-in Electric Hybrid Vehicles (PHEVs) and the electric power grid. The technology turns each vehicle into a remotely-controllable energy storage system. If deployed on a wide scale, V2G has the potential to provide a large remotely-controllable energy storage resource that can support a greater share of electricity generation from intermittent renewable resources.

V2G is conventionally considered as the delivery of power from a vehicle back to the power grid. However, vehicles can also provide useful services to the grid even without delivering power back to the grid. For example, by allowing the vehicle charging rate to be ramped up and down remotely through smart metering a vehicle can perform a grid ancillary service called regulation. Regulation is currently performed 24/7 by power plants in order to fine tune the balance between generation and load.

If this demonstration project is successful, and smart charging is deployed on a wider scale, it is expected to be interfaced with PG&E’s SmartMeter technology, which continually reads circuits and electric meter usage and has the ability to provide financial incentives to customers who voluntarily shift electricity usage away from critical peaks.

In addition to partnering with Tesla on V2G research, PG&E is working with the auto manufacturer to support the installation of Tesla Motors’ charging stations into their customers’ homes or businesses. PG&E is working with Tesla Motors to ensure proper connection in its customers’ homes within the utility’s northern and central California service territory and advising the auto manufacturer on its collaboration with utilities nationwide.

PG&E became the first utility in the nation to publicly demonstrate the possibility of electric vehicles to supply homes and business with electricity at a Silicon Valley Leadership Group event in April 2007. More recently, PG&E shared this technical expertise with Google in June 2007 to upgrade a number of company-owned Toyota Prius PHEVs to be V2G capable for a demonstration at the search leader’s Mountain View campus.

PG&E’s PHEV/EV and V2G program is part of its broader strategy to develop innovative energy solutions that deliver the cleanest and most reliable power to its customers. In addition to its PHEV and dedicated electric vehicles, PG&E owns and operates a clean fuel fleet of fuel cell vehicles and more than 1,300 natural gas vehicles – the largest of its kind in the United States. PG&E’s clean fuel fleet consists of service and crew trucks, meter reader vehicles and pool cars that run either entirely on compressed natural gas or have bi-fuel capabilities. Over the last 15 years, PG&E’s clean fuel fleet has displaced over 3.4 million gallons of gasoline and diesel, and helped to avoid 6,000 tons of carbon dioxide from entering the atmosphere.

Martin Eberhard, founder and CEO of Tesla Motors, will remain with the company as President of Technology and focus on the success of the Roadster program as well as the advancement of our core technologies.

Martin and the board have been planning for CEO succession since early this year, and will continue the search for a permanent CEO to lead Tesla Motors.

On behalf of the board, I want to thank Martin for his leadership of Tesla since its founding in 2003.

WHAT’S NEWS

• Rigorous U.N. Testing Protocol for the Tesla Roadster ESS (Energy Storage System) including:
• Altitude simulation
• Thermal cycling
• Vibration
• Shock
• External short circuit
• In demonstrating the safety of the large format battery pack, Tesla Motors has achieved another major milestone on the way to commencing deliveries of the 2008 Tesla Roadster to customers this fall.
• The ESS development program, which to date has spanned over three years, has included testing safety at both the micro (cell) and macro (module) levels. At the cell level, each of the 6,831 individual lithium ion cells inside the Tesla Roadster’s ESS has passed both UN and UL 1642 testing criteria.
• ESS development and testing was performed by the Tesla Energy Group within Tesla Motors. The advanced technologies developed over the last three years have positioned the Tesla Energy Group to develop and manufacture battery packs for third parties.

• Tesla Energy Group was formed in December of 2006 to develop and market custom designed battery packs for customers in a wide range of industries, utilizing Tesla’s patent pending technology for the development of high-power, high-capacity battery packs with superior performance and safety characteristics.
• Tesla Motors created Tesla Energy Group in response to demand from outside companies for advanced lithium-ion battery pack technology for automotive and other industrial use.
• Since its founding in 2003, Tesla Motors has developed patent pending technology for the design and manufacture of high-power, high-capacity lithium-ion battery packs with superior performance and safety characteristics for use in its groundbreaking Tesla Roadster high-performance electric car.
• The primary focus of Tesla Energy Group remains the development and mass production of battery packs for the Tesla Roadster, to be released later this Fall.
• The increased economies of scale and additional sources of revenue will benefit Tesla Motors by generating incremental operating income while accelerating its lead in the development of advanced lithium-ion battery packs.

• “In bringing an entirely new type of electric vehicle to market, we have focused closely on safety as one of the primary considerations in the design process.”
• “Rigorous testing by third party experts and regulatory bodies has provided Tesla Motors with invaluable technical feedback and a system of independent checks and balances. This exhaustive process has helped to ensure that the Roadster’s ESS has been critically examined both by our own engineers, as well as by objective experts outside of Tesla’s development team.”
• “As we begin final preparations for starting production of the 2008 Tesla Roadster, this milestone represents the culmination of many years of innovation, development, and progress in making safe and reliable electric vehicles that can replace gasoline engine cars. The purely electric car that was once dismissed as a vision of a distant future has now become a reality that drivers can expect to see on the road in the coming months.”

• Erik Toomre, Director of Manufacturing Programs, Blog on the U.N. Testing Program can be found at: http://www.teslamotors.com/blog2/.
• Tesla Motors CEO Martin Eberhard’s Blog on the Tesla Energy Group can be found at http://www.teslamotors.com/blog2/?p=50.
• A White Paper on Tesla Battery technology can be downloaded from our website at http://www.teslamotors.com/display_data/TeslaRoadsterBatterySystem.pdf.

HEADLINE

Electric Vehicle Pioneer Alec Brooks Joins Tesla Motors Team

SUBHEAD

With more than 25 years of engineering and design experience on projects like the GM Impact and EV1, Alec Brooks Brought on as Director of Vehicle Technology at Tesla Motors

WHAT’S NEWS

• Alec brings to Tesla Motors his experience as the Project Manager and Chief Engineer on GM’s Impact Electric Car. The Impact was the inspiration for GM’s production electric car, the EV1, and its existence helped prompt the California Air Resources Board to adopt their ground-breaking Zero Emission Vehicle mandate in 1990.
• Alec held the role of Chief Technical Officer at AC Propulsion where he contributed to the development of the ground-breaking tzero electric car and led the first-ever vehicle-to-grid demonstration project.
• Alec continues to be a proponent for, and expert in the field of, both vehicle-to-grid program development as well as public policy as it relates to the development of alternative fuel vehicle technology, including benchmarking electric vehicles against fuel cell alternatives.

BACKGROUND: TESLA MOTORS

• Tesla Motors develops and manufactures vehicles that exemplify “Design, Performance, and Efficiency” while conforming to all U.S. safety, environmental, and durability standards.
• The Tesla Roadster, a stylish, high-performance, 100% electric sports car, accelerates to 60 mph in about 4 seconds and has a range of more than 200 miles on a single charge.
• Tesla Motors expects to start shipping Roadsters to customers this Fall.
• Tesla Motors was founded in July 2003 by Martin Eberhard and Marc Tarpenning to create efficient electric cars for people who love to drive.
• Tesla Motors currently employs more than 250 people, including teams in California, Michigan, the U.K. and Taiwan. For more information, visit www.teslamotors.com.

QUOTES

Attributable to JB Straubel, Chief Technical Officer at Tesla Motors:

• “Alec’s experience and insight in the field of electric vehicle program development is unrivaled and he makes a welcome addition to the Tesla engineering team. He joins a vibrant and dynamic engineering program and his contributions here will no doubt prove to be invaluable.”

RELATED NEWS

• Alec Brooks is one the featured experts and EV1 owners in Chris Paine’s feature film “Who Killed the Electric Car”: http://www.sonyclassics.com/whokilledtheelectriccar/presskit.pdf.

MULTIMEDIA

• Photos of the Tesla Roadster can be found at: http://www.teslamotors.com/styling/body.php. Discussion of Tesla Motors and the Tesla Roadster can be found at: http://www.teslamotors.com/blogs.php.

TRADITIONAL PRESS RELEASE FORMAT BELOW:

Electric Vehicle Pioneer Alec Brooks Joins Tesla Motors Team

With more than 25 years of engineering and design experience on projects like the GM Impact and EV1, Alec Brooks Brought on as Director of Vehicle Technology at Tesla Motors

SAN CARLOS, Calif. -- (July 26, 2007) -- Tesla Motors, a manufacturer of high-performance electric cars, has hired Alec Brooks as the Director of Vehicle Technology. Alec brings to Tesla Motors his experience as the Project Manager and Chief Engineer on GM’s Impact Electric Car. The Impact was the inspiration for GM’s production electric car, the EV1, and its existence helped prompt the California Air Resources Board to adopt their ground-breaking Zero Emission Vehicle mandate in 1990.

“Alec’s experience and insight in the field of electric vehicle program development is unrivaled and he makes a welcome addition to the Tesla engineering team, said JB Straubel, Chief Technology Officer at Tesla Motors. “He joins a vibrant and dynamic engineering program and his contributions here will no doubt prove to be invaluable.”
Prior to joining Tesla, Alec had previously held the role of Chief Technology Officer at AC Propulsion where he contributed to the development of the ground-breaking tzero prototype electric car and also led the first-ever vehicle-to-grid demonstration project with support from the California Air Resources Board and the California grid operator, the Cal ISO. He continues to be a proponent for, and expert in the field of, both vehicle-to-grid program development as well as public policy as it relates to the development of alternative fuel vehicle technology, including benchmarking electric vehicles against fuel cell alternatives.

About Tesla Motors
Tesla Motors develops and manufactures vehicles that exemplify “Design, Performance, and Efficiency” while conforming to all U.S. safety, environmental, and durability standards. The Tesla Roadster, a stylish, high-performance, 100% electric sports car, accelerates to 60 mph in about 4 seconds and has a range of more than 200 miles on a single charge. Tesla Motors expects to start shipping Roadsters to customers this Fall. Tesla Motors was founded in July 2003 by Martin Eberhard and Marc Tarpenning to create efficient electric cars for people who love to drive. Tesla Motors currently employs more than 250 people, including teams in California, Michigan, the U.K. and Taiwan. For more information, visit www.teslamotors.com.

• The Industrial Designer’s Society of America and BusinessWeek Magazine jointly recognized The 2008 Tesla Roadster with a Gold IDEA award.
• With more than 3,300 members and 28 chapters IDSA is the voice of the industrial design profession, advancing the quality and positive impact of design.
• In the same issue, BusinessWeek offers a comprehensive overview of Tesla Motors in the competitive landscape in an article entitled, “A Carmaker with Silicon Valley Spark.”

BACKGROUND: TESLA MOTORS

• Tesla Motors develops and manufactures vehicles that exemplify “Design, Performance, and Efficiency” while conforming to all U.S. safety, environmental, and durability standards.
• The Tesla Roadster, a stylish, high-performance, 100% electric sports car, accelerates to 60 mph in about 4 seconds and has a range of more than 200 miles on a single charge.
• Tesla Motors expects to start shipping Roadsters to customers this Fall.
• Tesla Motors was founded in July 2003 by Martin Eberhard and Marc Tarpenning to create efficient electric cars for people who love to drive.
• Tesla Motors currently employs more than 250 people, including teams in California, Michigan, the U.K. and Taiwan. For more information, visit www.teslamotors.com.
  

QUOTES

Attributable to Franco Lodato, Director Head, R&D Division, North American Region, Pininfarina Extra USA:

• “A high octane experience with low voltage rush. The Tesla Roadster represents the best mix of innovation, environmental care and style. Definitely the kind of products new consumers are willing to try.”
  

Attributable to Darryl Siry, Tesla Motors VP of Marketing, Sales and Service:

• “Tesla Motors is anchored on three brand attributes: Design, Performance, Efficiency. The design of the 2008 Roadster is a critical component of its success, and this recognition by the Industrial Designers Society of America represents a validation of our strategy in building the kind of car that allows consumers to indulge in their passion for motoring and while enjoying the image of a beautiful, highly efficient, emissions-free sports car.”
  

RELATED NEWS

• The IDSA winners can be viewed here: http://www.idsa.org/IDEA2007/gallery/index.htm
• David Welch’s article on Tesla Motors in Business Week can be found at: http://www.businessweek.com/magazine/content/07_31/b4044419.htm?chan=top+news_top+news+index_autos
  

MULTIMEDIA

Photos of the Tesla Roadster can be found at: http://www.teslamotors.com/styling/body.php
Discussion of Tesla Motors and the Tesla Roadster can be found at: http://www.teslamotors.com/blogs.php

TRADITIONAL PRESS RELEASE FORMAT BELOW:

The 2008 Tesla Roadster Wins Gold International Design Excellence Award (IDEA) Sponsored Jointly by Business Week Magazine and The Industrial Designers Society of America (IDSA)

SAN CARLOS, Calif. -- (July 25, 2007) -- Tesla Motors, a manufacturer of high-performance electric cars, has received the Gold Award by the Industrial Designers Society of America and Business Week Magazine for International Design Excellence. With more than 3,300 members and 28 chapters IDSA is the voice of the industrial design profession, advancing the quality and positive impact of design.
“A high octane experience with low voltage rush. The Tesla Roadster represents the best mix of innovation, environmental care and style. Definitely the kind of products new consumers are willing to try,” said Franco Lodato, Director Head, R&D Division, North American Region, Pininfarina Extra USA.

This recognition of the Tesla Roadster’s design is a welcome point of recognition for Tesla’s core mission.

“Tesla Motors is anchored on three brand attributes: Design, Performance, Efficiency,” said Darryl Siry, Tesla Motors VP of Marketing, Sales, and Service, “The design of the 2008 Roadster is a critical component of its success, and this recognition by the Industrial Designers Society of America represents a validation of our strategy in building the kind of car that allows consumers to indulge in their passion for motoring and while enjoying the image of a beautiful, highly efficient, emissions-free sports car.”

In the same issue of Business Week in which the Gold Award was announced, an article entitled “A Carmaker with Silicon Valley Spark” offers a comprehensive look at Tesla Motors in the competitive landscape.

About Tesla Motors
Tesla Motors develops and manufactures vehicles that exemplify “Design, Performance, and Efficiency” while conforming to all U.S. safety, environmental, and durability standards. The Tesla Roadster, a stylish, high-performance, 100% electric sports car, accelerates to 60 mph in about 4 seconds and has a range of more than 200 miles on a single charge. Tesla Motors expects to start shipping Roadsters to customers this Fall. Tesla Motors was founded in July 2003 by Martin Eberhard and Marc Tarpenning to create efficient electric cars for people who love to drive. Tesla Motors currently employs more than 250 people, including teams in California, Michigan, the U.K. and Taiwan. For more information, visit www.teslamotors.com

• Tesla Motors 2008 Roadster Reservations now exceed 560 of a planned total 800 available Roadsters for the 2008 model year.
• Many customers buying the Roadster are currently hybrid car owners, particularly the Prius. These customers are motivated by the ability to have a beautiful, high performance sports car that is actually more than twice as energy efficient as a Prius.
• Many other customers are simply motivated by the extraordinary styling and performance characteristics of the car, and have chosen the Roadster over such cars as the Porsche 911 and BMW M6.

• Tesla Motors develops and manufactures vehicles that exemplify “Design, Performance, and Efficiency” while conforming to all U.S. safety, environmental, and durability standards.
• The Tesla Roadster, a stylish, high-performance, 100% electric sports car, accelerates to 60 mph in about 4 seconds and has a range of more than 200 miles on a single charge.
• Tesla Motors expects to start shipping Roadsters to customers this Fall.
• Tesla Motors was founded in July 2003 by Martin Eberhard and Marc Tarpenning to create efficient electric cars for people who love to drive.
• Tesla Motors currently employs more than 250 people, including teams in California, Michigan, the U.K. and Taiwan. For more information, visit www.teslamotors.com.

QUOTES

Attributable to Darryl Siry, VP of Sales, Marketing and Service at Tesla Motors:

• “We currently plan to produce 800 of the first model year Roadsters, and the fact that more than 560 are already accounted for demonstrates the tremendous demand for the 2008 Tesla Roadster.”
• “A strong motivation for many of our customers is the fact that the Roadster will be the only production car available that produces zero emissions, but the design and performance of the car are each a powerful draw on their own. We have had a number of recent buyers tell us that they were in the market for a performance car like a Porsche 911 or BMW M6 when they learned of the Tesla Roadster. These customers are choosing the Roadster over traditional sports car platforms with an understanding that the power delivery and handling dynamics of the Tesla Roadster are second to none.”
• “One common misconception is that because of the high performance aspects of the car, it must not be as efficient as hybrid models on the market, such as a Prius. This is actually not true – because of the unique all-electric design, the Roadster offers supercar performance yet is twice as energy efficient as the Prius. For affluent customers who want to make a statement about energy efficiency, the Roadster offers the opportunity to have the best of both worlds.”
  
• “Another strong motivation is that the first model year of any significant new platform tends to carry with it the thought that it may one day become a collectable. Certainly, with an all-new model from an all-new American car company and a revolutionary all-electric powertrain, there are a lot of customers interested in the 2008 Roadster as an instant classic with historical value.”
  

RELATED NEWS

David Vespremi’s Blog on the Driving Dynamics of the Tesla Roadster be found at http://www.teslamotors.com/blog3/?p=61.

MULTIMEDIA

Photos can be found at http://www.teslamotors.com

TRADITIONAL PRESS RELEASE FORMAT BELOW:

With more than 560 customers reserving 2008 Roadsters, Tesla closes in on planned production goal of 800 for the 2008 model year

SAN CARLOS, Calif. -- (May 25, 2007) -- Tesla Motors, a manufacturer of high-performance production electric cars, received $561,000 for the development of a UL approved 16 kw public charging station.

According to the 2007 CARB (California Air Resources Board) Alternative Fuel Incentive Program (AFIP) Proposal Solicitation: “Electric fuel vehicles have the largest potential to reduce climate change emissions and petroleum dependency relative to any other alternative fuel vehicle under consideration.”

Under the grant, the charging station technology developed by Tesla could be used to power up electric vehicles throughout the state of California. Other grant recipients include the University of California, Berkeley, the University of California, Davis and the Electric Power Research Institute.

“California has a long history of supporting green technology and encouraging automobile manufacturers to meet increasingly stringent vehicle emissions requirements,” said Diarmuid O’Connell, Director of Corporate Development at Tesla Motors, “This sizeable grant offered jointly by the California Air Resources Board and the California Energy Commission is a significant vote of confidence for Tesla Motors and acknowledges the pioneering work Tesla Motors is doing in the development of zero-emissions electric vehicles and charging station technology.”

Tesla Motors develops and manufactures vehicles that exemplify “Design, Performance, and Efficiency” while conforming to all U.S. safety, environmental and durability standards. The company has taken over 400 reservations for its first car, the Tesla Roadster, a stylish, high performance sports car that accelerates to 60 mph in about 4 seconds with extreme energy efficiency. Tesla expects to start shipping Tesla Roadsters to customers in the fall. Tesla Motors was founded in July 2003 by Martin Eberhard and Marc Tarpenning to create efficient electric cars for people who love to drive. Tesla Motors currently employs more than 200 people, including teams in California, Michigan, the U.K. and Taiwan. For more information, visit www.teslamotors.com.

SAN CARLOS, California -- (May 22, 2007) -- Tesla Energy Group, a newly formed division of Tesla Motors, recently signed an agreement to supply Think Global with lithium-ion battery packs for their line of “TH!NK city” electric cars. The supply agreement covers the development and delivery of battery packs starting in December 2007 and continuing through 2008. The supply agreement represents up to $43 million in revenues, of which approximately $3 million is expected to be realized in 2007 with the remainder in 2008.

Tesla Energy Group was formed in December of 2006 to develop and market custom designed battery packs for customers in a wide range of industries, utilizing Tesla’s patent pending technology for the development of high-power, high-capacity battery packs with superior performance and safety characteristics. Tesla Motors created Tesla Energy Group in response to demand from outside companies for advanced lithium-ion battery pack technology for automotive and other industrial use.

“The establishment of the Tesla Energy Group adds a significant new dimension to the business of Tesla Motors,” said Martin Eberhard, CEO of Tesla Motors. “Tesla Energy Group will provide additional sources of operating income for Tesla Motors while accelerating our competitive advantage in battery pack design and manufacturing. Both of these support our core business of developing and marketing extraordinary electric cars such as the Tesla Roadster.”

“Tesla Energy Group provides Think with an advanced battery pack design with impressive performance said Jan-Olaf Willums, CEO of Think.

Thinks mission is to create the most environmentally friendly vehicles in the world in a commercially successful way. The second generation TH!NK city vehicle combines award-winning design with comfort and convenience features that make it a pleasure to drive. The new vehicle is expected to be launched in Norway in 2007, and selected international markets in 2008. More information about Think can be found on http://www.think.no/.

Tesla Motors develops and manufactures vehicles that exemplify “Design, Performance, and Efficiency” while conforming to all U.S. safety, environmental and durability standards. The company has taken over 400 reservations for its first car, the Tesla Roadster, a stylish, high performance sports car that accelerates to 60 mph in about 4 seconds with extreme energy efficiency. Tesla expects to start shipping Tesla Roadsters to customers in the fall. Tesla Motors was founded in July 2003 by Martin Eberhard and Marc Tarpenning to create efficient electric cars for people who love to drive. Tesla Motors currently employs more than 200 people, including teams in California, Michigan, the U.K. and Taiwan. For more information, visit www.teslamotors.com.

SAN CARLOS, Calif. -- (May 4, 2007) -- Tesla Motors, a manufacturer of high-performance production electric cars, completed a $45 million Series D investment round today. The round was co-led by Technology Partners, a venture capital firm with a focus on Cleantech and Life Sciences, and by Elon Musk, entrepreneur and CEO of Space Exploration Technologies (SpaceX.) An additional significant investment was made by Capricorn Investment Group, a private investment firm. All major investors from prior rounds of financing fully participated in this round, including Vantage Point Venture Partners, Draper Fisher Jurvetson, JP Morgan Bay Area Equity Fund, Valor Equity Partners and Compass Venture Partners.

Ira Ehrenpreis, leader of Technology Partners’ Cleantech investment practice, will join Tesla Motors’ Board of Directors. Ira is a recognized leader in both the Cleantech and venture capital communities. Ira has served as Chairman of the Cleantech Venture Network Advisory Board, the Chairman of the Clean-Tech Investors Summit, and on the Board of the National Venture Capital Association (NVCA).

Antonio Gracias, founder and CEO of Valor Equity Partners, one of the largest institutional investors in Tesla Motors, will also be joining the Board of Directors.

The financing will be used for the continued development of the WhiteStar program, a 4 door, five passenger sports sedan planned for introduction for the 2010 model year, the establishment of company-owned sales and service infrastructure, and the mass-production of the Tesla Roadster, a stylish, high performance, zero-emissions car which the company anticipates shipping to customers this fall. To date, the company has taken over 400 reservations for the Roadster.

"Ira Ehrenpreis and Technology Partners bring valuable expertise to Tesla and a shared passion for our mission of developing game-changing, zero-emissions cars," said Martin Eberhard, CEO of Tesla Motors. "We are also glad to have the continued support and leadership of Elon Musk, who has been firmly behind this company since its early days, and our other investors who actively support our goals."

"Tesla Motors is positioned as a leader in the fast-growing marketplace for alternative fuel vehicles. By developing zero-emissions cars that also deliver great styling and high performance, Tesla has broken the compromise that previously existed between desirability and responsibility," said Ira Ehrenpreis of Technology Partners. “The best way to gain mass adoption of clean technology is to generate consumer demand for it.”

"Tesla Motors is a rare opportunity to bring about positive change in this world and build a valuable company at the same time. Our goal is to be one of the great car companies of the 21st century, leading with a fresh vision and new technology and driving the changeover from gasoline cars to an electric future" said Elon Musk, Chairman of Tesla Motors. "The Roadster is the first of a series of vehicles that we will develop, followed by our 4 door sports sedan, WhiteStar. Eventually, Tesla Motors will offer a full line of zero-emissions vehicles."

Tesla Motors develops and manufactures vehicles that exemplify “Design, Performance, and Efficiency” while conforming to all U.S. safety, environmental and durability standards. The company has taken over 400 reservations for its first car, the Tesla Roadster, a stylish, high performance sports car that accelerates to 60 mph in about 4 seconds with extreme energy efficiency. Tesla expects to start shipping Tesla Roadsters to customers in the fall. Tesla Motors was founded in July 2003 by Martin Eberhard and Marc Tarpenning to create efficient electric cars for people who love to drive. Tesla Motors currently employs more than 200 people, including teams in California, Michigan, the U.K. and Taiwan. For more information, visit www.teslamotors.com.

Founded more than 20 years ago as a private venture capital firm, Technology Partners has managed a total of more than $750 million of investment capital. Technology Partners’ investment strategy is to team with visionary entrepreneurs to build successful new companies, serving principally as a lead investor and business advisor to both Cleantech and Life Science companies. For more information, visit www.technologypartners.com.

Elon Musk is the founder and CEO of Space Exploration Technologies (SpaceX), a company developing a family of satellite launch vehicles intended to reduce the cost and increase the reliability of access to space. Mr. Musk is also the co-founder of PayPal where he served as the company's chairman and CEO. Prior to PayPal Mr. Musk co-founded Zip2 Corporation which was sold to Compaq in 1999. Mr. Musk is an early investor in Tesla Motors and also serves as Chairman of the Board of Directors for the company.

SAN CARLOS, CALIF. (February 28, 2007) – Tesla Motors, the California-based manufacturer of high performance electric cars, has named Steve Westly to its board of directors.

Westly brings extensive accomplishments in public service and business leadership to the board, where he will help guide Tesla’s growth as a manufacturer of stylish, high performance, zero emissions and zero-oil electric vehicles.

As controller of the state of California, Westly was the Chief Financial Officer of the 6th largest economy in the world. He began his career in government in Washington, D.C., where he worked on Capitol Hill and for the U.S. Department of Energy under President Jimmy Carter.

In the private sector, Westly guided the online auction company eBay from start up to success, beginning as a founding member of the executive team and serving as Senior Vice President of Marketing, Business Development and International.

“We are delighted to have Steve Westly on board at Tesla Motors,” said Martin Eberhard, CEO. “Steve is a seasoned Silicon Valley executive with experience building great teams and taking companies public. He is an expert in the financial discipline and controls we need to build the world’s next great car company. Steve’s experience turning eBay into a global brand will also help Tesla in our goal of developing a successful global automobile brand.”

“Once in a generation a product comes along that can reshape the thinking of an entire industry,” said Westly. “Tesla will enable Americans to understand that a zero emission vehicle is not a dream, it’s a reality.”

Westly’s appointment to the board of directors is effective immediately. He joins Elon Musk, founder and CEO of SpaceX and chairman of the board of directors; Martin Eberhard, co-founder and CEO of Tesla Motors; Jim Marver, co-founder and managing partner, VantagePoint Venture Partners; Kimbal Musk, CEO of Medium, Inc.; Simon Rothman, former global vice president and general manager for eBay Motors; and Laurie Yoler, a principal at GrowthPoint Technology Partners.

About Tesla Motors
Tesla Motors creates vehicles that exemplify “Design, Performance, and Efficiency” while conforming to all U.S. safety, environmental and durability standards. The company has already taken over 325 reservations for its first car, the Tesla Roadster, a high performance 2 seat sports car that accelerates to 60 mph in under 4 seconds with extreme energy efficiency. Tesla expects to start shipping Tesla Roadsters to customers in the fall.

Tesla Motors was founded in July 2003 by Martin Eberhard and Marc Tarpenning to create efficient electric cars for people who love to drive. The Chairman and largest investor in Tesla Motors is Elon Musk. Tesla Motors currently employs more than 140 people, including teams in California, Michigan, the U.K. and Taiwan. For more information, visit www.teslamotors.com .

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SANTA FE (February 19, 2007) – Governor Richardson announced today that Tesla Motors will build a new automobile assembly facility in Albuquerque, bringing 400 high wage jobs and a total capital investment of $35 million. Construction on the 150,000 square foot plant will begin in April 2007, at the latest.

Tesla Motors, based out of San Carlos, Calif., will use the plant to produce its “WhiteStar” car, a four door, five-passenger sports sedan, which is 100 percent electric. The New Mexico plant will be the company’s first assembly facility in the United States. The plant will be built on the West Side of Albuquerque, at Cordera Mesa adjacent to the new Tempur-Pedic plant. The 400 new jobs will pay between $24,000 and $100,000 a year, plus excellent benefits and stock options.

“Today’s announcement is proof that New Mexico is a national leader when it comes to innovation, new technology and creating jobs,” said Governor Richardson. “Tesla is committed to clean energy and so is New Mexico. We’ve made New Mexico competitive, and we’ve committed ourselves to being the Clean Energy State.”

The Governor has directed the state's General Services Division, and other appropriate agencies, to investigate the purchase of 100 WhiteStar vehicles for the state fleet over a two year period as a demonstration of the state’s commitment to clean energy.

Governor Richardson has also invited Tesla Motors Chairman Elon Musk and Tesla Motors CEO Martin Eberhard to work with the state to develop a package of legislation for the 2008 session to encourage and incentivize the purchase of clean energy vehicles, including hybrid and electric vehicles.

“This is a major step toward making New Mexico a center for 'green' manufacturing,” U.S. Senator Jeff Bingaman said. “In my role as chairman of the Senate Energy and Natural Resources Committee, I will continue crafting policies at the federal level to ensure that the electric cars like those made by Tesla - and other companies specializing in cutting-edge renewable energy technologies - will eventually be commonplace. I commend Gov. Richardson, Secretary Homans, Gary Tonjes, Clark Krause and Mayor Chavez for working hard to recruit Tesla to our state."

Several states, including Arizona and California, were in talks with Tesla Motors over locating the "WhiteStar" assembly plant.

“We wanted to be in a state that is as committed as Tesla is to developing clean energy and addressing global climate change,” said Elon Musk, Chairman of Tesla Motors. “We found that leadership in New Mexico.”

“The state was very responsive, helping us solve workforce and logistical challenges,” said Martin Eberhard, CEO and Co-founder of Tesla Motors. “This is a state where we can look far into the future and for a partnership that will be good for Tesla and for the state of New Mexico.”

The first cars will roll off the assembly line in the fall of 2009, and Tesla Motors will produce at least 10,000 cars each year. The vehicles will cost $50,000 for the standard model or $65,000 for a premium model with greater performance and range. Tesla Motors begins production of its first vehicle, a zero-emission two seat Roadster, at a facility in England owned by Lotus Cars later this year.

Tesla Corporate Headquarters will continue to be located in San Carlos, Calif., where Tesla Motors employs more than 120 people. The 400 jobs created by the new assembly facility will be new jobs and not transfers from the San Carlos location. Tesla recently announced the opening of an R&D facility in Rochester Hills, Mich., north of Detroit, where it expects to grow to a staff of 60 focused on design and engineering for the WhiteStar.

Tesla Motors will receive several incentives from the state, including the high wage job tax credit, the manufacturer’s investment tax credit and assistance from the Job Training Incentive Program.

In addition, Governor Richardson has committed $3.5 million in capital outlay from the 2007 legislative session, and another $3.5 million in capital outlay from the 2008 legislative session. These funds will go to Bernalillo County and be used for building and infrastructure investment related to the facility.

“New Mexico has embraced innovation, adventure and next generation technology,” said Rick Homans, Cabinet Secretary of the New Mexico Economic Development Department. "This announcement sends the message loud and clear that we welcome entrepreneurs and we will provide the support they need."

The state's Economic Development Department worked closely with the Albuquerque Economic Development Department and the New Mexico Economic Development Partnership to close the deal with Tesla Motors.

The city of Albuquerque and Bernalillo County have agreed to assist with development of infrastructure to the site. First Community Bank has agreed to participate as a local lender. SunCal, which recently acquired approximately 57,000 acres on Albuquerque’s west side, pledged at no cost up to 75 acres of land abutting the initial site if the company undertakes a major expansion in the future.

"I am extremely pleased that Tesla has chosen our community for their new facility for a number of reasons," stated Mayor Martin Chávez of Albuquerque. "First, it fits in with Albuquerque's priority of sustainable economic development with its exciting use of alternative/renewable energy. Secondly, I see it as an opportunity to gain and grow a company that might be the next major manufacturer; Eclipse Aviation was an innovator in personal jet transportation - Tesla is a true innovator in the electric automobile industry. This will continue our policy of growing west side job opportunities to improve the jobs/housing balance, reduce the need for commuting, and further improve air quality. I'm absolutely delighted with this announcement, and I want to congratulate all of our private and public sector partners involved in this project, and welcome Tesla as our newest community member."

Bernalillo County Commission Chairman Alan Armijo said today, “The County continues its dedication to helping create great jobs through support to quality companies such as Tesla Motors. We’re proud of the role Bernalillo County played in their recruitment. The County is open for business and our work to strengthen the economy is paying dividends.”

“The Albuquerque region continues its emergence within the nation and world as a premier location for sophisticated companies,” said Albuquerque Economic Development Chairman of the Board Carolyn Monroe. “Along with Eclipse Aviation, Tesla’s decision helps to establish Albuquerque at the center of the personal transportation revolution. Tesla Motors is a perfect complement to Albuquerque and its aspirations.”

Tesla Motors is a privately owned company, formed in 2003 with the goal of manufacturing electric cars that exemplify the highest standards of automotive performance, efficiency and design. Chairman Elon Musk, a co-founder of the Pay-Pal online payment system and founder and CEO of SpaceX, led three rounds of venture financing that have raised $60 million. Tesla employs more than 160 people at design, engineering and manufacturing facilities in California, Michigan, Taiwan and the United Kingdom.

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ROCHESTER HILLS, Mich. (Jan. 26, 2007) – Tesla Motors, manufacturers of high performance, zero emission electric vehicles, today opened its Michigan Technical Center in Rochester Hills

The 19,240 square-foot facility, located at 1840 Enterprise Drive, will focus on research & development for future Tesla products, starting with a four-door electric sports sedan to be built by the Silicon Valley-based company. That project, named “WhiteStar,” will be a four door, five-passenger, lightweight, high-performance sedan planned for production around 2009.

“This tech center will be home to the engineering, quality and supply chain staff working on WhiteStar and other Tesla cars coming down the line,” said John Thomas, general manager of the Michigan Technical Center and senior director of the WhiteStar program. “With our state-of-the-art CAD and CAE design and simulation tools, this center will enable us to bring high-quality products to market quicker than traditional manufacturers.”

The region’s existing base of automotive companies, facilities and engineering talent, also figured into the decision to place the Technical Center in Michigan. “There are thousands of highly experienced automotive experts in this area,” said Thomas. “We felt it was smart to use the existing test tracks, validation equipment, wind tunnels and more, rather than duplicating these costly investments.”

“We’ve put together a great team at Tesla Motors,” said Martin Eberhard, CEO and co-founder of Tesla Motors. “Growing Tesla Motors and creating higher-volume models requires more talented automotive engineers with experience in developing, manufacturing and assembling high-volume cars. We can hire the best, most experienced automotive talent here in Michigan.”

Since opening in July 2003, Tesla Motors has grown to a company with more than 140 employees as they prepare to launch their first electric car, the Tesla Roadster, in the fourth quarter of 2007. Over 270 customers have already reserved a Tesla Roadster in advance. Over time, Tesla Motors plans to develop a wide range of electric vehicles, all sharing the common characteristics of great styling, high performance, zero emissions and zero oil usage.

The Michigan Technical Center will be the fourth Tesla Motors facility worldwide, and the second in the U.S., joining the company’s headquarters in San Carlos, Calif. Tesla Motors also has facilities in England (assembly of the Tesla Roadster) and Taiwan (motor production).

About Tesla Motors

Tesla Motors was founded in July 2003 by Martin Eberhard and Marc Tarpenning to create efficient electric cars for people who love to drive. The Chairman, and largest investor in Tesla Motors, is Elon Musk.

Tesla Motors currently employs more than 140 people, including teams in California, Michigan, the U.K. and Taiwan. The company has recruited employees whose background and experience mirror the vehicles the company produces, drawing from diverse expertise in the electronics, automotive and software industries.

Tesla Motors creates vehicles that conform to all U.S. safety, environmental and durability standards. The cars include modern safety equipment such as airbags, front crumple zones, side impact protection, and 2½ mph bumpers.

For more information, visit www.teslamotors.com.

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LOS ANGELES, Calif. (Nov. 30, 2006) - California Gov. Arnold Schwarzenegger today highlighted the role new alternative fuel vehicles play in reducing greenhouse gas emissions in the state and throughout the world. During a speech at the 100th annual L.A. Auto Show, the governor spotlighted five vehicles, including the all-electric Tesla Roadster that rides on Yokohama ADVAN Neova tires.

"Every industry has to participate in the fight against global warming," said Gov. Schwarzenegger. "And these clean, efficient alternative fuel vehicles are leading this environmental revolution."

Referring to the Tesla Roadster, which goes 250 miles on a single charge, Gov. Schwarzenegger said, "I test drove this vehicle, and it is hot."

Tesla Motors CEO Martin Eberhard said, "Playing a role in climate leadership is vital to Tesla Motors. That's why we're pleased to be working with Yokohama Tire Corp., using their highly efficient and high performance ADVAN Neova tires. They're the only tires on the U.S. market that blend great handling with low rolling resistance technology. "

The Tesla Roadster is the first car built by San Carlos, Calif.-based Tesla Motors. The Tesla Roadster, powered by lithium-ion batteries, is capable of going from 0-60 mph in about four seconds, and has a top speed of more than 130 mph. Deliveries are expected to begin during summer 2007.

According to Yokohama Tire Corporation Executive Vice President Jim MacMaster, "The all-electric Roadster is a perfect complement to our corporate mandate to create a sustainable business that ultimately has zero adverse affect on the environment. For Yokohama, this commitment is being reinforced by our innovative work with environmental leaders like Tesla Motors."

Yokohama Tire Corporation is the North American manufacturing and marketing arm of Tokyo, Japan-based Yokohama Rubber Co., Ltd., a global producer and distributor of premium tires for more than 89 years. Servicing a network of more than 4,500 points of sale in the U.S., Yokohama Tire Corporation offers a complete line of tires including high-performance, light truck, passenger car, commercial truck and bus, as well as off-the-road mining and construction applications. For more information on Yokohama's extensive product line, visit www.yokohamatire.com.

Yokohama is a strong supporter of the tire care and safety guidelines established by the Rubber Manufacturers Association (RMA) and the National Highway Transportation and Safety Administration (NHTSA). Details can be found at the "Taking Care of Your Tires" section at www.yokohamatire.com.

Tesla Motors, a privately held company, was founded in July 2003 by Martin Eberhard and Marc Tarpenning to create efficient electric cars for people who love to drive. Elon Musk, co-founder of PayPal and currently CEO and Chief Technology Officer of SpaceX, is chairman of Tesla Motors. Musk has led or co-led three rounds of investment resulting in $60 million in funding. He also is instrumental in corporate and product development at Tesla Motors.

Tesla Motors currently employs more than 120 people, including teams in California, the United Kingdom and Taiwan. The company has recruited employees whose background and experience mirror the vehicle itself, drawing from diverse expertise in the electronics, automotive and software industries.

Tesla Motors creates vehicles that conform to all U.S. safety, environmental and durability standards. The cars include modern safety equipment such as airbags, front crumple zones, side impact protection, and 2½ mph bumpers. Tesla Motors will sell the Tesla Roadster exclusively in the contiguous Unites States after it passes Federal Motor Vehicle Safety Standards (FMVSS).

SAN CARLOS, Calif. (Nov. 17, 2006) – Tesla Motors, maker of America's first high performance electric sports car, today announced that it has filled all reservations for the flagship 2007½ model year Tesla Roadster.

Since publicly unveiling the Tesla Roadster in July, Tesla Motors has accepted more than 220 reservations for the car, an average of about two per day. That is further proof that the sleek, stylish, zero-emissions Tesla Roadster resonates with car buyers.

The 2007½ Tesla Roadster, priced at about $100,000, is fully loaded with a premium sound system, GPS navigation, premium leather seats and a carbon fiber hard top. Production of the car is expected to begin in the summer of 2007.

Tesla Motors expects to begin accepting orders for the 2008 model year in November. The company also will showcase the Tesla Roadster at the San Francisco Auto Show, Nov. 18 to Nov. 26, and the Los Angeles Auto Show, Dec. 1 to Dec. 10.

The 100 percent electric-powered Tesla Roadster is capable of accelerating from 0-60 mph in about four seconds. It boasts the equivalent of 135 mpg and a range of up to 250 miles on a single charge -- a combination previously unseen in a mass-produced electric vehicle*. The car’s extended range is due to its state-of-the-art lithium-ion Energy Storage System.

“We set out to build a car with zero emissions that people would love to drive,” said Tesla Motors Co-founder and CEO Martin Eberhard. “Each of our customers has made the decision to invest in an attractive car that uses no oil and is responsible for far fewer greenhouse gasses than the alternatives. Our early customers are pioneers, helping lay a foundation that will make electric cars possible for everyone – enabling Tesla Motors to develop future models at price points that eventually work for every budget.”

Each year, Global Green recognizes advancements made in industry, building, media and public policy that move the world toward a sustainable and secure future.

"There couldn't be a more important time for these innovators,” said Mikhail Gorbachev, President of Green Cross International, Global Green USA’s parent organization, through an interpreter. “Designing a more sustainable and secure world will make us all safer and healthier."

Tesla Motors, based in San Carlos, Calif., is in the process of bringing the all-electric Tesla Roadster sports car to market. It is capable of going from zero to 60 mph in around four seconds, has a top speed of better than 130 mph, and can travel up to 250 miles on a single charge. The car’s power comes from its Lithium-ion Energy Storage System, or battery pack, which can be recharged in about 3.5 hours. First deliveries are expected to begin next summer.

“Sustainability and resource depletion are among our deepest concerns,” said Martin Eberhard, CEO and co-founder of Tesla Motors. “We set out to design a car that combines style, acceleration and handling with advanced technologies in order to make the Tesla Roadster a viable alternative to fossil-fuel cars.”

Other Winners include Goldman, Sachs & Co., for design and implementation of corporate policies that preserve and protect the environment; Sundance Channel for the development of Sundance Channel GREEN, a weekly primetime programming block focusing on environmental topics; and Bank of America, for creating one of the country’s greenest high-rise buildings.

Tesla Motors was founded in July 2003 by Martin Eberhard and Marc Tarpenning to create efficient electric cars for people who love to drive. The Chairman of Tesla Motors, a privately held company, is Elon Musk, who has led or co-led all three rounds of investment resulting in $60 million in funding. Musk has been instrumental in both corporate and product development at Tesla Motors.

Tesla Motors currently employs more than 80 people, including teams in California, the U.K. and Taiwan. The company has recruited employees whose background and experience mirror the vehicle itself, drawing from diverse expertise in the electronics, automotive and software industries.

Tesla Motors creates vehicles that conform to all U.S. safety, environmental and durability standards. The cars include modern safety equipment such as airbags, front crumple zones, side impact protection and 2½ mph bumpers. Tesla Motors will only sell cars in the U.S. once they pass the Federal Motor Vehicle Safety Standard (FMVSS).

For more information, visit www.teslamotors.com.

Global Green USA is the US affiliate of Green Cross International founded by Mikhail Gorbachev in 1993. Global Green is headquartered in Santa Monica, California, with a Washington DC office, which manages its Legacy Program. The Legacy Program is an international partnership with Green Cross Switzerland and Green Cross Russia to facilitate the safe and timely elimination of weapons stockpiles and related systems globally. The Legacy Program maintains twelve offices in Russia today, including 11 public outreach offices serving chemical weapons stockpile communities, and has been actively involved in US, Russian, and global CW destruction for over a decade. For more information, visit www.globalgreen.com.

Popular Mechanics salutes 10 advancements each year – and their innovators – that promise to shape the future by improving lives and expanding possibilities in the realms of science, technology and exploration. 2006 is the second year the publication has presented its Breakthrough Awards.

The Tesla Roadster is the first automobile to receive a Breakthrough Award.

"The Breakthrough Awards distinguish those ideas and inventions that are changing the face of technology, and the Tesla Roadster is leading an automotive revolution," said James Meigs, editor-in-chief of Popular Mechanics. "Martin Eberhard and his team at Tesla Motors have developed a car with something for everyone — speed, great handling, good looks and zero emissions."

“We’re pleased to receive the Breakthrough Award,” said Eberhard, CEO and co-founder of Tesla Motors. “We wanted to make a car that was fun to drive and environmentally responsible. Our key breakthrough is the concept of using Lithium-ion batteries which have long been used in laptops, cell phones, cameras, and power tools. Due to the number of cells that are used in a car we had to develop some unique technology for managing the temperature, charge balance and safety of the Tesla battery pack.”

Tesla Motors, based in San Carlos, Calif., in the heart of Silicon Valley, is in the process of bringing the all-electric Tesla Roadster sports car to market. It is capable of going from zero to 60 mph in around four seconds, has a top speed of better than 130 mph, and can travel up to 250 miles on a single charge. The car’s power comes from its Lithium-ion Energy Storage System, or battery pack, which can be recharged in about 3.5 hours. First deliveries are expected to begin next summer.

A complete report of the Popular Mechanics Breakthrough Awards will be published in their November 2006 issue (on newsstands October 10, 2006). High-resolution images of the winners will be available upon request and at www.popularmechanics.com.

Past Winners include Hugh Herr for his advances in rehabilitative prosthetics, father and daughter duo Tim and Sarah Pickens for their rocket-powered bicycle, and the Microsoft Xbox 360.

Tesla Motors was founded in July 2003 by Martin Eberhard and Marc Tarpenning to create efficient electric cars for people who love to drive. The Chairman of Tesla Motors, a privately held company, is Elon Musk, who has led or co-led all three rounds of investment resulting in $60 million in funding. Musk has been instrumental in both corporate and product development at Tesla Motors.

Tesla Motors currently employs more than 80 people, including teams in California, the U.K. and Taiwan. The company has recruited employees whose background and experience mirror the vehicle itself, drawing from diverse expertise in the electronics, automotive and software industries.

Tesla Motors creates vehicles that conform to all U.S. safety, environmental and durability standards. The cars include modern safety equipment such as airbags, front crumple zones, side impact protection and 2½ mph bumpers. Tesla Motors will only sell cars in the U.S. once they pass the Federal Motor Vehicle Safety Standard (FMVSS).

Popular Mechanics is published by Hearst Magazines, a unit of Hearst Corporation (www.hearst.com) and one of the world's largest publishers of monthly magazines, with a total of 18 U.S. titles and 145 international editions. Hearst reaches more adults than any other publisher of monthly magazines (76.3 million according to MRI, spring 2005). The company also publishes 19 magazines in the United Kingdom through its wholly owned subsidiary, The National Magazine Company Limited.

SAN CARLOS, Calif. (September 13, 2006) – Tesla Motors, manufacturers of performance electric vehicles, will preview their new high-performance sports car, the Tesla Roadster, at Soirée du Vin, a celebration of fine wine, food and fashion scheduled for October 15 in Palo Alto.

“We are proud to be a part of Silicon Valley, and this event benefits a worthy Silicon Valley cause,” said Martin Eberhard, CEO and co-founder of Tesla Motors. “It’s a chance for us at Tesla Motors to get to know some of our neighbors.”

Soirée du Vin supports the International School of the Peninsula, located in Palo Alto. The event will be held in the gardens of a historical residence designed by Birge M. Clark, providing a dramatic backdrop for the evening’s festivities.

Among the event”s highlights: an auction including a test drive of a Tesla Roadster, fine wines, weekend getaways and more; a showing of gowns by fashion designer Azadeh; and a gourmet dinner with wine pairings provided by Café Primavera owner Joanna Biondi.

Tickets are $250 per person. More information is available at www.soireeduvin.org.

The Tesla Roadster, unveiled in July, boasts the equivalent of 135 mpg and a range of 250 miles on a single charge, a combination heretofore unseen in a mass-produced electric vehicle. Its extended range is due to its state-of-the-art lithium-ion Energy Storage System, and is capable of going from 0-60 mph in about four seconds. First deliveries are planned for next summer.

Tesla Motors was founded in July 2003 by Martin Eberhard and Marc Tarpenning to create efficient electric cars for people who love to drive. The Chairman of Tesla Motors, a privately held company, is Elon Musk, who has led or co-led all three rounds of investment resulting in $60 million in funding. Mr. Musk has been instrumental in both corporate and product development at Tesla Motors.

The company currently employs over 80 people, including teams in California, the U.K. and Taiwan. The company has recruited employees whose background and experience mirror the vehicle itself, drawing from diverse expertise in the electronics, automotive and software industries.

Tesla Motors creates vehicles that conform to all U.S. safety, environmental and durability standards. The cars include modern safety equipment such as airbags, front crumple zones, side impact protection, and 2½ mph bumpers. Tesla Motors will only sell cars in the U.S. when they pass the Federal Motor Vehicle Safety Standard (FMVSS).

International School of the Peninsula, located in Palo Alto, California, is an independent Chinese and French bilingual school for nursery through eighth grade students, and is dedicated to promoting critical thinking, international awareness and responsible global citizenship. The school is a passionate proponent of the benefits of bilingual education and offers a wide array of language classes to the community, including courses in Arabic, Farsi, French, German, Italian, Japanese, Mandarin Chinese, Portuguese, Russian, and Spanish. Proceeds from the auction will go towards the Charlotte de Géry Endowment Fund, which provides long-term financial stability for the school.

Unveiled last month before a throng of well-wishers and automotive enthusiasts in Santa Monica, Calif., the Tesla Roadster is transforming the auto industry, proving that it is possible to deliver sports car performance in a handsome, environmentally friendly vehicle.

“Our goal in designing the Tesla Roadster was to build a car with zero emissions that people would love to drive,” said Tesla Motors co-founder and CEO Martin Eberhard. “Each of our Signature One Hundred customers could drive any flashy, fast, gas-powered car they wanted. Instead they did the right thing, investing in an attractive car that uses no oil and is responsible for far fewer greenhouse gasses than the alternatives.”

Eberhard continued: “Getting a ‘Signature One Hundred’ Tesla Roadster provides entry into a very exclusive group. These early customers are pioneers, helping lay a foundation that will make electric cars possible for everyone — enabling Tesla Motors to develop future models at price points that eventually work for every budget.”

Tesla Motors Chairman Elon Musk agreed. “Customers of the Tesla Roadster are doing something really good that goes beyond just buying a sports car, because their purchase helps pay for development of our affordable, mass market electric vehicles,” said Musk. “Buying a Tesla Roadster is a vote against global warming and oil addiction.”

The electric-powered Tesla Roadster is capable of accelerating from 0-60 mph in about four seconds. It boasts the equivalent of 135 mpg and a range of 250 miles on a single charge, a combination heretofore unseen in a mass-produced electric vehicle*. Its extended range is due to its state-of-the-art lithium-ion Energy Storage System.

Each customer made a $100,000 deposit to join the Signature One Hundred Club and reserve their “Signature One Hundred” special edition Tesla Roadster. The “Signature One Hundred” edition includes a commemorative plaque in the cockpit personalized for the customer and signed by the company’s principals, a special Signature One Hundred trim package and all available options, including a state-of-the-art navigation system and a hard top. Deliveries of the Tesla Roadster are expected to begin mid-2007.

The Signature One Hundred Club has attracted a diverse group of members including performance sports car devotees, alternative energy advocates, technology enthusiasts, “Clean Tech” supporters, environmentalists and members of the financial community. Some of the initial members include Oscar® winner George Clooney, Dennis Haysbert (of “24” fame), Jim Marver of VantagePoint Venture Partners, Jeff Skoll, formerly of eBay, as well as Eberhard and Musk. Each has reserved their “Signature One Hundred” edition Tesla Roadster.

*All performance numbers are preliminary. Tesla Motors is involved in important and time-consuming safety and durability testing for the Tesla Roadster. While Tesla Motors is confident of these numbers, this testing may require design changes that affect the final specifications. MPG is for the EPA highway driving cycle. Conversion from electric consumption to gallons of gasoline equivalent is calculated using the EPA conversion factor documented in the Federal Register: June 12, 2000 (Volume 65, Number 113), Rules and Regulations, Pages 36985-36992.

Tesla Motors was founded in July 2003 by Martin Eberhard and Marc Tarpenning to create efficient electric cars for people who love to drive. The Chairman of Tesla Motors, a privately held company, is Elon Musk, who has led or co-led all three rounds of investment resulting in $60 million in funding. Mr. Musk has been instrumental in both corporate and product development at Tesla Motors.

The company currently employs over 80 people, including teams in California, the U.K. and Taiwan. The company has recruited employees whose background and experience mirror the vehicle itself, drawing from diverse expertise in the electronics, automotive and software industries.

Tesla Motors creates vehicles that conform to all U.S. safety, environmental and durability standards. The cars include modern safety equipment such as airbags, front crumple zones, side impact protection, and 2½ mph bumpers. Tesla Motors will only sell cars in the U.S. when they pass the Federal Motor Vehicle Safety Standard (FMVSS).

For more information, visit www.teslamotors.com.

SAN CARLOS, Calif. — (July 19, 2006) — The first performance electric car manufactured by Tesla Motors, the high-performance, zero-emissions Tesla Roadster, was unveiled before a throng of well-wishers, car buffs, and potential customers Wednesday evening during Tesla Motors's "Signature One Hundred" event at Barker Hangar.

More than 350 invited guests spent the evening learning about the new sports car, speaking with Tesla Motors executives, and going for rides along the tarmac at the Santa Monica Airport. Many signed up to be among the first to receive a special edition Tesla Roadster, becoming Signature One Hundred Members.

Celebrities in attendance included actor Ed Begley Jr., producer Richard Donner, businessman Michael Eisner, PayPal co-founder (and Tesla Motors Chairman) Elon Musk, Participant Productions' Founder and CEO Jeff Skoll, also of eBay fame, and producer and car collector Joel Silver. California Governor Arnold Schwarzenegger stopped by prior to the evening's activities to learn more about Tesla Motors and took a ride in the Tesla Roadster.

"We're thrilled to have the support of top people from so many different industries," said Martin Eberhard, CEO of Tesla Motors. "High-tech, CleanTech, entertainment, automotive, you name it. It's gratifying to have others realize the significance or what Tesla Motors is doing."

The electric-powered Tesla Roadster boasts the equivalent of 135 mpg and a range of 250 miles on a single charge, a combination heretofore unseen in a mass-produced electric vehicle. Its extended range is due to its state-of-the-art lithium-ion Energy Storage System. The Tesla Roadster is capable of accelerating from 0-60 mph in about four seconds.

"The Tesla Roadster delivers sports car performance without using any gasoline," said Eberhard. "This is what we hoped to achieve when we started the company three years ago, to build a car with zero emissions that people would love to drive."

Using a unique two-speed electrically actuated manual transmission, the Tesla Roadster's power comes from a 3-phase, 4-pole AC induction motor. The motor is controlled by the Power Electronics Module (PEM) which also controls the inverting direct current to 3-phase alternating current, charging and braking systems.

The Roadster's Energy Storage System (ESS) provides power to the entire vehicle, including the motor. Its durable, tamper-resistant enclosure includes: 6,831 lithium-ion cells, a network of microprocessors for maintaining charge balance and battery temperature, a coo