A message from Elon Musk, Chairman of Tesla Motors, Inc.

San Carlos, Calif. – (August 13, 2007) -- Michael Marks, former CEO of Flextronics and an early investor in Tesla Motors, will take over as interim CEO of Tesla Motors. Michael’s extraordinary leadership and depth of experience in manufacturing, operations and logistics will be invaluable to Tesla as we prepare to start production of the Tesla Roadster and lay the foundation for the next phase of growth for the company.

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.