Tesla Motors Reports First Quarter 2011 Results Strong Quarterly Revenue and Gross Margin Model S Program Remains on Track for mid-2012 Deliveries PALO ALTO, CA, May 4, 2011 – Tesla Motors, Inc. (Nasdaq: TSLA) today announced its preliminary unaudited financial results for the quarter ended March 31, 2011. Revenues for the first quarter of 2011 were $49.0 million, a 35% increase from the $36.3 mil