On May 14, 2013, Tesla Motors, Inc. entered into a Limited Consent and Amendment to the Loan Arrangement and Reimbursement Agreement between the company and the U.S. Department of Energy dated as of January 20, 2010, as amended, that, among other things, amends the Loan Arrangement and Reimbursement Agreement to permit the Company to issue convertible senior notes to fund the early repayment of the DOE loan.

Tesla Motors, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues of USD 561.792 million compared to USD 30.167 million a year ago. Loss from operations was USD 5.584 million compared to USD 88.763 million a year ago. Income before income taxes was USD 11.399 million compared to loss before income taxes of USD 89.814 million a year ago. Net income was USD 11.248 million compared to net loss of USD 89.873 million a year ago. Diluted income per share was USD 0.00 compared to diluted loss per share of USD 0.86 a year ago. Cash flows provided by operating activities were USD 64.079 compared to cash flows used in operating activities of USD 63.300 million a year ago. Capital expenditures were USD 57.727 million compared to USD 54.774 million a year ago. Free cash flow was USD 6.352 million compared to negative free cash flow of USD 118.074 million a year ago. Non GAAP net income was USD 15.424 million compared to non GAAP net loss of USD 79.317 million a year ago. Diluted non GAAP net income per share was USD 0.12 compared to diluted non GAAP net loss per share of USD 0.76 a year ago. The company plan to spend about USD 200 million on capital expenditures in 2013.

Tesla Motors, Inc. announced that the expansion of the company's store and gallery network is also continuing on plan. The company plans to open about 15 more stores and galleries in 2013 with about half the openings in Europe and Asia.