Tesla Motors Announces Major European Distribution Center in the Netherlands

Wed Dec 12, 2012 8:30am EST

* Reuters is not responsible for the content in this press release.

  PALO ALTO, CA and TILBURG, NETHERLANDS, Dec 12
(Marketwire) -- 
As a key step towards beginning worldwide distribution of Model S, Tesla
Motors (NASDAQ: TSLA) announced today that it will begin operations this
month at its new European Distribution Center in Tilburg, Netherlands.
This new facility will serve as Tesla's European service and parts
headquarters, as well as the final assembly and distribution point for
Model S vehicles sold in Europe. General production of European left-hand
drive Model S is planned to begin in March 2013. 

    Tesla's new 62,000 square foot facility is centrally located to enable
efficient, timely and cost effective operations throughout Europe.
Starting this month, the new distribution center will begin stocking
parts for both the Tesla Roadster and Model S. In addition to parts
warehousing, Tesla plans to utilize this facility for vehicle importing
operations, final vehicle assembly and distribution, service
headquarters, technical training operations, parts remanufacturing,
collision repair and more. The new Tesla European Distribution Center
will lead to the creation of approximately 50 jobs in the next few years. 

    Tesla's decision to locate the new European Distribution Center in
Tilburg is the result of almost two years of on-going cooperation between
Tesla, BOM Foreign Investments, NFIA (Netherlands Foreign Investment
Agency), CBRE Group, Inc. and the City of Tilburg.

    About Model S
 Model S is the world's first premium sedan built from the
ground up as an electric vehicle and has been engineered to elevate the
public's expectations of what a premium sedan can be. At the heart of
Model S is the proven Tesla powertrain, delivering both unprecedented
range and a thrilling drive experience. With a rigid body structure,
nearly 50/50 weight distribution and a remarkably low center of gravity,
Model S offers the responsiveness and agility expected from the world's
best sports cars while providing the ride quality of a luxury performance
sedan. Model S has received many of the industry's most prestigious
awards and accolades during its first year on the market.

    Model S offers multiple battery options that set the benchmark for
electric driving range. All batteries use automotive-grade lithium-ion
cells arranged for optimal energy density, thermal management, and safety.

    Without an internal combustion engine or transmission tunnel, the
interior of Model S has more cargo space than any other sedan in its
class and includes a second trunk under the hood. The Model S interior
features a 17 inch in-dash touchscreen with Internet capabilities,
allowing for streaming radio, web browsing and navigation.

    About Tesla
 Tesla's goal is to accelerate the world's transition to
electric mobility with a full range of increasingly affordable electric
cars. California-based Tesla designs and manufactures EVs, as well as EV
powertrain components for partners such as Toyota and Daimler. Tesla has
delivered more than 2,400 Roadsters to customers worldwide. Model S, the
world's first premium sedan to be engineered from the ground up as an
electric vehicle, began deliveries to U.S. customers in June of this
year. Tesla has already received more than 13,000 reservations worldwide
for Model S.

    Individuals interested in employment at the Tesla European Distribution
Center in Tilburg should send resumes and inquiries to
tilburgrecruitment@teslamotors.com.

    Interested in keeping up with Tesla Motors?
  For more information on
Tesla Motors and its products, please visit: teslamotors.com
  For more
information for Tesla Motors investors, please visit: ir.teslamotors.com

 For the latest information from Tesla Motors, including press releases
and the Tesla blog, please visit: teslamotors.com/press

    Forward-Looking Statements
 Certain statements in this press release,
including statements regarding the plans for the new Tesla European
Distribution Center, are "forward-looking statements" that are subject to
risks and uncertainties. These forward-looking statements are based on
management's current expectations. Various important factors could cause
actual results to differ materially, including the risks identified in
our SEC filings. Tesla disclaims any obligation to update this
information.

    

Tesla Motors Media Contacts:
Kathrin Schira
kschira@teslamotors.com
+49 151 161 59991

Roberto Toro
rtoro@teslamotors.com
+39 342 5000 743

Christina Ra
cra@teslamotors.com
+1 310 795 8584 

Copyright 2012, Marketwire, All rights reserved.

-0-