Exhibit 5.1
September 28, 2012
Tesla Motors, Inc.
3500 Deer Creek Road
Palo Alto, California 94304
| Re: | Tesla Motors, Inc.Registration Statement on Form S-3 |
| Registration No. 333-184078 |
Ladies and Gentlemen:
At your request, we have examined the Registration Statement on Form S-3 (Registration No. 333-184078) (the Registration Statement), filed by Tesla Motors, Inc., a Delaware corporation (the Company), with the Securities and Exchange Commission (the Commission) on September 25, 2012, as amended, and the prospectus dated September 28, 2012 and included in the Registration Statement (the Prospectus) in connection with the registration pursuant to the Securities Act of 1933, as amended (the Act), of up to 7,964,601 shares of the Companys common stock, par value $0.001 per share (the Shares) for an aggregate offering price of $225,000,000. We have been advised by you that the Shares are to be sold as described in the Registration Statement and the Prospectus. You have requested that we render the opinion set forth in this letter and we are furnishing this opinion pursuant to Item 601(b)(5) of Regulation S-K promulgated by the Commission under the Act.
We have examined the Registration Statement, the Prospectus, the Underwriting Agreement, dated September 28, 2012 (the Underwriting Agreement), by and between the Company and Goldman, Sachs & Co., and the instruments, documents, certificates and records which we have deemed relevant and necessary for the basis of our opinion hereinafter expressed. In such examination, we have assumed (i) the authenticity of original documents and the genuineness of all signatures; (ii) the conformity to the originals of all documents submitted to us as copies; (iii) the truth, accuracy, and completeness of the information, representations and warranties contained in the records, documents, instruments and certificates we have reviewed; and (iv) the Shares will be issued and sold in compliance with applicable Federal and state securities laws.
Based on such examination, we are of the opinion that the Shares, when issued, delivered and paid for in the manner contemplated by the Underwriting Agreement, will be validly issued, fully paid and nonassessable.
We express no opinion as to the laws of any jurisdiction, other than the Federal laws of the United States of America and the General Corporation Law of the State of Delaware (the DGCL). We are not licensed to practice law in the State of Delaware and, accordingly, our opinions as to the DGCL are based solely on a review of the official statues of the State of Delaware and the applicable provisions of the Delaware Constitution and the reported judicial decisions interpreting such statutes and provisions.
Tesla Motors, Inc.
September 28, 2012
Page 2
We consent to the use of this opinion as an exhibit to the Registration Statement, and we consent to the reference of our name under the caption Legal Matters in the Prospectus.
/s/ Wilson Sonsini Goodrich & Rosati
WILSON SONSINI GOODRICH & ROSATI
Professional Corporation