Tesla Motors to Greatly Expand Retail Presence This Fall

This morning Tesla Motors, Inc. (NASDAQ:TSLA) announced that it will open 1o new store locations in North America. The first will open today at Roosevelt Field Mall in Garden City, New York.

Tesla Motors was co-founded by Elon Musk who is well known as a founder of PayPal and more recently as founder of Space Exploration Technologies Corporation, or SpaceX, which earlier this year became the first private company to carry cargo to the International Space Station. Mr. Musk serves as the company’s Product Architect and CEO.

A list of current Tesla locations can be found here. To order online, click here.

The following is Tesla’s unedited press release as distributed by Marketwire, Inc. This release reflects the views of the issuing entity and are not reviewed or edited by the USA Stock Report staff. More information on Marketwire, Inc. can be found on their web site. You can contact the service with questions or concerns here.

SOURCE: Tesla Motors, Inc.

September 21, 2012 06:01 ET

Tesla Motors Accelerates Into Fall With Retail Expansion

As Car Production Ramps Up, Electric Car Maker Announces Ten More Store Openings for 2012

PALO ALTO, CA–(Marketwire – Sep 21, 2012) – This fall, Tesla Motors (NASDAQ: TSLA) is opening 10 new locations across North America. The first store will open at Roosevelt Field Mall in Garden City, New York on Friday, September 21st. Tesla’s unique retail concept demonstrates the benefits of driving electric with enticing visuals, interactive displays, and design studios where customers can design their own Tesla Model S on a large touchscreen and then view it on an 85-inch video wall.

“All retail locations have Tesla’s Model S premium sedan on display, and many have dedicated test-drive vehicles where we will offer customers the opportunity to experience the exhilarating performance and superior handling of Model S,” said George Blankenship, vice president of worldwide sales and ownership experience. “As we open locations throughout the country, our approach continues to be geared towards engaging and informing more people about Tesla and Model S and the technology behind it. Customers can walk into a no-pressure environment, ask questions and engage with informative product specialists to learn more about the many advantages of going electric. We know we’ve done our job when customers leave smiling.”

One week following the opening of Roosevelt Field, Tesla plans to open its first location in the Boston area at Natick Mall, followed by the opening of a second store in the Chicago area at Westfield Old Orchard. Additional locations are planned in October and November at Westfield Garden State Plaza, Paramus, New Jersey; The Mall at Short Hills, Morristown, New Jersey; Westfield University Town Center, San Diego, California; Lincoln Road, Miami Beach, Florida; Tyson’s Corner, McLean, Virginia and Westfield Topanga, Topanga, California. Tesla will also open its first Canadian store at Yorkdale Shopping Center in Toronto, Ontario in November.

After these openings, Tesla will have 24 locations in North America and 34 worldwide. Tesla will continue to expand its retail network into 2013, supporting the mission to engage and inform people about Tesla and driving electric.
With the most energy-dense battery pack in the industry and best-in-class aerodynamics, Model S has the longest range of any production electric car in the world. Model S comes with three battery pack options to fit the unique needs of different drivers. The 85 kWh Model S has received a U.S. fuel economy rating of 89MPGe and a range of 265 miles from the U.S. EPA.

Model S is the first premium sedan designed from the ground up to take full advantage of electric vehicle architecture. A revolutionary powertrain sits under the floorboard of Model S, creating an ultra-low center of gravity. Paired with an aluminum body engineered for superior handling, Tesla has created a vehicle that will raise the bar for vehicle handling and efficiency while meeting the highest standards for 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. Model S seats five adults and two children in optional rear-facing child seats. The Performance Model S accelerates from 0 to 60 mph in as little as 4.4 seconds. The interior features a 17″ in-dash touchscreen with Internet capabilities, allowing for streaming radio, web browsing and navigation.

More than 12,200 reservations have been made worldwide for Model S through July 2012. Customers can reserve a Model S at one of Tesla’s retail stores or online.

About Tesla
Tesla’s goal is to accelerate the world’s transition to electric mobility. Palo Alto, California-based Tesla designs and manufactures EVs and EV power train components for partners such as Toyota and Daimler. Tesla has delivered more than 2,350 Roadsters to customers worldwide. Model S, the first premium sedan to be built from the ground up as an electric vehicle, began deliveries in June 2012.

Forward-Looking Statements
Certain statements in this press release, including statements regarding the characteristics and performance of Model S, future store openings and information regarding Model S handling, efficiency and safety, 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.

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