Document:

Offer Letter - Michael F. Donoughe

 Exhibit 10.13 
 June 4, 2008 
 Michael F. Donoughe 
  

	 	 Re:
	 Offer of Employment with Tesla Motors 

 Dear Mike: 
 Tesla Motors, Inc. is pleased to offer you the
position of Executive Vice President, Manufacturing on the terms set forth below. 
 As Executive Vice
President, Manufacturing, you will perform the duties customarily associated with this position, including vehicle production, product engineering, testing, supply chain, and quality assurance. You will report to Ze’ev Drori, President and CEO
of Tesla. You will be located at Tesla’s headquarters offices in San Carlos, California. Your duties, responsibilities, job title, and work location may be changed at any time by Tesla. 
 Your salary will be $325,000 per year, subject to standard payroll deductions and withholdings. As an exempt employee, you
will not be entitled to overtime. You will be eligible for sick leave according to Tesla’s standard policy. You will also be eligible to receive all other benefits Tesla may provide to its employees (e.g., health and dental insurance coverage)
and your enrollment in health care insurance plans will commence on August 1, 2008. Tesla also agrees that you will be eligible for four weeks paid time off. 
 Subject to your joining the Company on or before July 8, Tesla’s Board of Directors will grant you a stock option to purchase an aggregate of 500,000 shares of Tesla’s
common stock pursuant to Tesla’s Equity Incentive Plan. The exercise price of the stock options will be determined by the Board of Directors; however we expect the option exercise price to be $0.90 per share. Your stock options will vest
commencing upon your first day of employment. One fourth of shares vest one year after the vesting commencement date, and 1/48th of the shares vest monthly thereafter over the following three years. 
 In the event your former employer Chrysler LLC determines that work at Tesla constitutes working at a competitor and thereby
elects to terminate ongoing severance payments to you arising from prior employment, Tesla will assume payment of the severance payments previously paid by Chrysler, up to a maximum of $170,000. 
 By accepting this offer, you represent and warrant that your employment with Tesla will not violate any agreements,
obligations or understandings that you may have with any third party or prior employer. We want to emphasize that we do not wish you to bring any confidential or proprietary materials of any former employer which would violate any obligations you
may have to your former employer. You further represent and warrant that you have read, understand, and accept the terms of your Stock Option Agreement, in particular, the vesting schedule of the shares of Tesla’s Common Stock thereof. You
agree not to make any unauthorized disclosure to Tesla or use on behalf of Tesla any confidential information belonging to any of your former employers (except

 
in accordance with agreements between Tesla and any such former employer). You also warrant that you do not possess any property containing a third party’s confidential and proprietary
information. Of course, during your employment with Tesla, you may make use of information generally known and used by persons with training and experience comparable to your own, and information which is common knowledge in the industry or is
otherwise legally available in the public domain. 
 As a Tesla employee, you will be expected to abide by all
Tesla policies and procedures, and, as a condition of your employment, you will sign and comply with Tesla’s standard confidentiality agreement which prohibits unauthorized use or disclosure of Tesla confidential information or the confidential
information of Tesla’s clients. 
 You will use all reasonable efforts to establish your principal
residence in the San Francisco Bay Area within three months after you have accepted this offer, but in no event will you establish such principal residence later than six months from the date of this letter agreement. Tesla will pay or reimburse you
for all expenses reasonably incurred by you in connection with the relocation of your residence and your family to the San Francisco Bay Area including for example, the cost of packing and moving household goods, and traveling expenses. Tesla will
also pay or reimburse you for reasonable living expenses at a suitable nearby hotel for a three week period following the commencement of your employment. 
 You may terminate your employment with Tesla at any time and for any reason whatsoever simply by notifying Tesla. Likewise, Tesla may terminate your employment at any time and for any reason whatsoever,
with or without cause or advance notice. This at-will employment relationship cannot be changed except by a writing authorized on behalf of an officer of Tesla. 
 To ensure the rapid and economical resolution of disputes that may arise in connection with your employment with Tesla, you and Tesla agree that any and all disputes, claims, or
causes of action, in law or equity, arising from or relating to your employment, or the termination of your employment, will be resolved, to the fullest extent permitted by law per Attachment A. 
 This letter agreement constitutes the complete, final and exclusive embodiment of the entire agreement between you and Tesla
with respect to the terms and conditions of your employment, and it supersedes any other agreements or promises made to you by anyone, whether oral or written. This Agreement cannot be changed, amended, or modified except in a written agreement
signed by an officer of Tesla. This letter agreement shall be construed and interpreted in accordance with the laws of the State of California. 

 If you choose to accept our offer under the terms described above, please
indicate your acceptance, by signing below and returning it to me prior to June 9, 2008 at which time this offer will expire. The effective date of your employment will be July 8, 2008. 
 We look forward to your favorable reply and to a productive and enjoyable work relationship. 
  

	
	 Very truly yours,
 Tesla Motors, Inc.

	
	 /s/ Craig W. Harding

	 Craig W. Harding
 General Counsel and Secretary

  

			
		
	 Accepted by:
	 	 /s/ Michael Donoughe

		 	 Michael Donoughe

 Date: June 6, 2008 

 ARBITRATION AGREEMENT 
 To ensure the rapid and economical resolution of disputes that may arise in connection with your employment with Tesla, you and Tesla agree that any and all disputes, claims, or
causes of action, in law or equity, arising from or relating to your employment, or the termination of your employment, will be resolved, to the fullest extent permitted by law by final, binding and confidential arbitration in San Francisco,
California conducted by the Judicial Arbitration and Mediation Services/Endispute, Inc. (“JAMS”), or its successors, under the then current rules of JAMS for employment disputes; provided that: 
  

	 	 a.
	 The arbitrator shall have the authority to compel adequate discovery for the resolution of the dispute and to award such relief as would otherwise
be permitted by law; and 

  

	 	 b.
	 The arbitrator shall issue a written arbitration decision including the arbitrator’s essential findings and conclusions and a statement of the
award; and 

  

	 	 c.
	 Both you and Tesla shall be entitled to all rights and remedies that you or Tesla would be entitled to pursue in a court of law; and

  

	 	 d.
	 Tesla shall pay all fees in excess of those which would be required if the dispute was decided in a court of law. 

 Nothing in this Agreement is intended to prevent either you or Tesla from obtaining injunctive relief in court to prevent irreparable harm
pending the conclusion of any such arbitration. Notwithstanding the foregoing, you and Tesla each have the right to resolve any issue or dispute arising under the Proprietary Information and Inventions Agreement by Court action instead of
arbitration. 
 Arbitrable claims do not include, and this Agreement does not apply to or otherwise restrict, administrative
claims you may bring before any government agency where, as a matter of law, the parties may not restrict your ability to file such claims (including the Equal Employment Opportunity Commission and the National Labor Relations Board). Otherwise, it
is agreed that arbitration shall be the exclusive remedy for administrative claims. 

 December 10, 2008 
 Michael F. Donoughe 
 Re:
Amendment to Option Grants 
 Dear Mike: 
 Pursuant to approval of the Board of Directors of Tesla Motors, Inc. on December 10, 2008, this letter amends the two stock option grants dated July 8, 2008 (and described in the
offer of employment to you dated June 4, 2008) as follows: 
 In the event of a merger, consolidation, sale of
assets or other change of control of Tesla and should you either (i) be terminated without cause within one year after such event or (ii) suffer a material change in your responsibilities, you will be entitled to 12 months of additional vesting of
such options. 
 Other than the foregoing, there shall be no accelerated vesting in any event. 
 Very truly yours, 
 Testa Motors, Inc. 
 /s/ Craig W. Harding 
 Craig W. Harding 
 General Counsel and Secretary 
 cc: Lorrine Flores

  

			
	
		
	 Accepted by:
	 	 /s/ Michael Donoughe

		 	 Michael Donoughe

 Date: December 12, 2008 
 TESLA MOTORS, INC. 1050 Bing Street, San Carlos, CA 94070 650.413.4000 TEL 650.413.4099 FAX www.teslamotors.comOffer Letter - John Walker

 Exhibit 10.14 
 John Walker 
  

	 	Re:	Offer of Employment with Tesla Motors 

 Dear
John: 
 Tesla Motors, Inc. is pleased to offer you the position of Vice President, U.S Sales and Marketing on the terms set
forth below. 
 As Vice President, U.S Sales and Marketing, you will perform the duties customarily associated with this
position. You will report to Elon Musk, Chairman and CEO. Your duties, responsibilities, job title, and work location may be changed at any time by Tesla. 
 Your salary will be $250,000 per year, subject to standard payroll deductions and withholdings. You will also be eligible to receive a Bonus of $100 per Tesla Roadster sold in North America. As an exempt
employee, you will not be entitled to overtime. You will be eligible for vacation and sick leave according to Tesla’s standard policy. You will also be eligible to receive all other benefits Tesla may provide to its employees (e.g., health and
dental insurance coverage) after your enrollment on September 1, 2009. Tesla may consider you for bonuses, although the amount of such bonuses, if any, and the criteria for determining the award of such bonuses, if any, shall be in the sole
discretion of Tesla. Of course, Tesla reserves the right to modify your compensation and benefits from time to time, as it deems necessary. 
 Subject to the approval of Tesla’s Board of Directors, you will be granted a stock option to purchase an aggregate of 250,000 shares of Tesla’s Common Stock pursuant to Tesla’s Equity
Incentive Plan then in effect. Your stock options will vest commencing upon your first day of employment (1/4th of the shares vest one year after the Vesting Commencement Date, and 1/48th of the shares vest monthly thereafter over the next three
years). 
 We will also provide a relocation package to cover moving costs for you and your family (see attached document). In
addition we will reimburse you for your travel and lodging expenses until you can move your family out to California. This will be to the amount of $4,000 per month for a maximum of six months, a total of $24,000 in aggregate. 
 By accepting this offer, you represent and warrant that your employment with Tesla will not violate any agreements, obligations or
understandings that you may have with any third party or prior employer. We want to emphasize that we do not wish you to bring any confidential or proprietary materials of any former employer which would violate any obligations you may have to your
former employer. You further represent and warrant that you have read, understand, and accept the terms of your Stock Option Agreement, in particular, the vesting schedule of the shares of Tesla’s Common Stock thereof. You agree not to make any
unauthorized disclosure to Tesla or use on behalf of Tesla any confidential information belonging to any of your former employers (except in accordance with agreements between Tesla and any such former employer). You also warrant that you do not
possess any property containing a third party’s confidential and proprietary information.

 
Of course, during your employment with Tesla, you may make use of information generally known and used by persons with training and experience comparable to your own, and information which is
common knowledge in the industry or is otherwise legally available in the public domain. 
 As a Tesla employee, you will be
expected to abide by all Tesla policies and procedures, and, as a condition of your employment, you will sign and comply with Tesla’s standard confidentiality agreement which prohibits unauthorized use or disclosure of Tesla confidential
information or the confidential information of Tesla’s clients. 
 You may terminate your employment with Tesla at any time
and for any reason whatsoever simply by notifying Tesla. Likewise, Tesla may terminate your employment at any time and for any reason whatsoever, with or without cause or advance notice. This at-will employment relationship cannot be changed except
by a writing authorized on behalf of an officer of Tesla. 
 To ensure the rapid and economical resolution of disputes that may
arise in connection with your employment with Tesla, you and Tesla agree that any and all disputes, claims, or causes of action, in law or equity, arising from or relating to your employment, or the termination of your employment, will be resolved,
to the fullest extent permitted by law per Attachment A. 
 This letter agreement constitutes the complete, final and
exclusive embodiment of the entire agreement between you and Tesla with respect to the terms and conditions of your employment, and it supersedes any other agreements or promises made to you by anyone, whether oral or written. This Agreement cannot
be changed, amended, or modified except in a written agreement signed by an officer of Tesla. This letter agreement shall be construed and interpreted in accordance with the laws of the State of California. 
 This offer of employment is contingent upon the following: 
  

	 	•	 	 Your ability to provide and maintain the proper and necessary documentation required for you and Tesla to comply with all applicable United States
immigration laws and regulations. Please be prepared on your first day of employment to show specific documentation to certify your legal right to work in the United States. Note, we are assisting you in this regard with your visa, work and
residence application. 

  

	 	•	 	 Your execution (signature) of the Tesla Employee Agreement which protects the intellectual property and confidential information of Tesla, and
prohibits the unauthorized use of the intellectual property and confidential information of any other company. 

  

	 	•	 	 The satisfactory review and/or verification of background information, including, but not limited to, prior employment, reference checks, education,
Department of Motor Vehicles, Social Security, and criminal records. 

 If you choose to accept our offer
under the terms described above, please indicate your acceptance, by signing below and returning it to me prior to August 3, 2009 at which time this offer will expire. The effective date of your employment will be August 17, 2009.

  

 -2- 

 We look forward to your favorable reply and to a productive and enjoyable work relationship.

  

	
	Very truly yours,
	
	Tesla Motors, Inc.
	
	/s/ Elon Musk
	 Elon Musk
 Chairman of the
Board and CEO

  

			
		
	Accepted by:	 	/s/ John Walker

 Date: 08/17/2009 
  

 -3- 

 ARBITRATION AGREEMENT 
 To ensure the rapid and economical resolution of disputes that may arise in connection with your employment with Tesla, you and Tesla agree that any and all disputes, claims, or causes of action, in law
or equity, arising from or relating to your employment, or the termination of your employment, will be resolved, to the fullest extent permitted by law by final, binding and confidential arbitration in San Francisco, California conducted by the
Judicial Arbitration and Mediation Services/Endispute, Inc. (“JAMS”), or its successors, under the then current rules of JAMS for employment disputes; provided that: 
  

	 	a.	The arbitrator shall have the authority to compel adequate discovery for the resolution of the dispute and to award such relief as would otherwise be permitted by law;
and 

  

	 	b.	The arbitrator shall issue a written arbitration decision including the arbitrator’s essential findings and conclusions and a statement of the award; and

  

	 	c.	Both you and Tesla shall be entitled to all rights and remedies that you or Tesla would be entitled to pursue in a court of law; and 

  

	 	d.	Tesla shall pay all fees in excess of those which would be required if the dispute was decided in a court of law. 

 Nothing in this Agreement is intended to prevent either you or Tesla from obtaining injunctive relief in court to prevent irreparable harm pending the
conclusion of any such arbitration. Notwithstanding the foregoing, you and Tesla each have the right to resolve any issue or dispute arising under the Proprietary Information and Inventions Agreement by Court action instead of arbitration.

 Arbitrable claims do not include, and this Agreement does not apply to or otherwise restrict, administrative claims you may bring before any
government agency where, as a matter of law, the parties may not restrict your ability to file such claims (including the Equal Employment Opportunity Commission and the National Labor Relations Board). Otherwise, it is agreed that arbitration shall
be the exclusive remedy for administrative claims. 
 Tesla Motors Relocation Program 
 Tesla offers a competitive relocation package which can be utilized over a 24 month period. The benefit highlights are described below: 

*Temporary Housing Expenses 
 Temporary
housing is covered up to $10,000. We strongly recommend that candidates compare local rates with hotels and temporary housing such as furnished apartments and suites. Good judgment should be exercised when selecting temporary housing, and the
associated costs associated with the property and services. This benefit only applies when you are physically relocating to the new job location. 

 *Relocation Fees (physical household move) 
 Benefits for transporting furnishings and personal belongings within your current household is covered up to $15,000. The benefit may also be utilized to
move automobiles and sports utility vehicles, up to the maximum allocation stated above. Please obtain 3 quotes if possible; a minimum of 2 is required. Tesla can issue a purchase order for the moving service. 
 *Closing Cost Support 
 Tesla will cover up
to a maximum of $10,000 for invoiced expenses of fees incurred in selling your primary residence. Covered fees are limited to items that are contained within your closing costs, but may included commissions, realtor expenses, and legal costs
incurred with the sale of your primary residence. 
 *Area Overview & Visits to Family 
 Tesla understands that relocations can be stressful. The company provides up to $5,000 for you and your family to visit the new area to become familiar with
the local housing market, available schooling, and to get a better feel for the area you will be residing in. The monies are meant to provide you an opportunity to get an area overview, generally before the physical move takes place. In addition,
during the Temporary Housing period outlined above, these funds may also be utilized to visit family members from your original State of Origin (such as Michigan). This time off is subject to your available vacation time, and requires management
approval. 
 *Spousal Job Support Assistance 
 A benefit of up to $5,000 will be paid to provide your spouse assistance with a local career counseling and job assistance office. This benefit may be used to obtain resume services, personal coaching,
job networking seminars, and other general career services. 
 Please consult with Human Resources on the administration of these programs.
Above items may be expensed, as in accordance with local laws and rules pertaining to acceptable expensable items. Lump sum payments may be issued also; subject to required withholding amounts set by state and federal law. Conflicts or disagreements
in the administration of the program will be reviewed by Tesla’s HR and legal groups. Employees who depart the company prior to one year of service after receiving relocation benefits are subject to a pro-rated repayment schedule.

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