Tesla Motors Reports Fourth Quarter and Full Year 2010 Results Strong Sequential Revenue Growth Gross Margin Improves Model S Alpha Drives on Schedule; Program on Track for mid-2012 Deliveries PALO ALTO, Calif., February 15, 2011 – Tesla Motors, Inc. (Nasdaq: TSLA) today announced its preliminary unaudited financial results for the quarter and year ended December 31, 2010. Revenues for the fourth