PALO ALTO, Calif., Aug. 24, 2018 (GLOBE NEWSWIRE) -- Over the past several weeks, we put in place a process led by a Special
Committee of the Board to evaluate a proposal Elon was considering to take Tesla private. Yesterday, we held a Board meeting,
during which Elon reported on the work he and his advisors have been doing in connection with this effort. Elon communicated to the
Board that after having done this work and considered all factors, he believes the better path is to no longer pursue a transaction
for taking Tesla private. After discussing this, we dissolved the Special Committee. The Board and the entire company remain
focused on ensuring Tesla’s operational success, and we fully support Elon as he continues to lead the company moving
forward.
Investor Relations Contact: ir@tesla.com Press Contact: press@tesla.com
