Tesla Supercharging Stations at CBL Malls

  Tesla Supercharging Stations at CBL Malls

   CBL Forms Partnership to Open Tesla Supercharging Stations at Select CBL
                               Shopping Centers

Business Wire

CHATTANOOGA, Tenn. -- June 24, 2013

CBL & Associates Properties Inc. (NYSE: CBL) today announced the launch of a
partnership with Tesla Motors, Inc. (NASDAQ: TSLA) to install Tesla
Supercharging stations at several CBL Malls across the country. Tesla is
building a network of Supercharging stations that will eventually enable Tesla
owners to drive coast to coast in their electric vehicles. The initial
cooperation will place Tesla Superchargers at five CBL Malls to include Gulf
Coast Town Center in Fort Myers, FL; The Pavilion at Port Orange in Port
Orange, FL; Alamance Crossing in Burlington, NC; CherryVale Mall in Rockford,
IL and Imperial Valley in El Centro, CA.

Tesla Superchargers allow Tesla owners to travel for free between cities along
well-traveled highways in North America. Superchargers provide half a charge
in about 20 minutes and are strategically placed to allow owners to drive from
station to station with minimal stops. By the end of the summer, Tesla will
have two dozen stations to support long-distance driving along the most
popular routes in North America and where customers want to stop, such as
cafes, restaurants, and shopping areas. By the end of the year, Model S
drivers will be able to travel coast to coast for free charging along the
Supercharging network.

“CBL is pleased to be one of the first national mall developers to enter into
a long-term partnership with Tesla. We are very excited to bring this amenity
to our customers and the surrounding community,” said Jim Ward, Vice President
of Brand Development for CBL. “We are confident that Tesla owners will
appreciate the convenience of charging their vehicles at our well-located
shopping centers that serve as the hub for shopping, dining, and entertainment
in their communities.”

“We have been working hard to bring in new charging stations across the U.S.
to give our customers more opportunities to travel in their Tesla vehicles,”
said Mateo Jaramillo, director of powertrain business development. “With this
partnership, CBL is helping to enable free long-distance travel along heavily
traveled routes in Florida, North Carolina, Illinois, and California, while
helping to enable the transition to electric mobility.”

About Tesla Motors Inc.

Tesla Motors’ (NASDAQ: TSLA) goal is to accelerate the world’s transition to
electric mobility with a full range of increasingly affordable electric cars.
California-based Tesla designs and manufactures EVs, as well as EV powertrain
components for partners such as Toyota and Daimler. Tesla has delivered more
than 10,000 electric vehicles to customers in 31 countries.

About CBL & Associates Properties, Inc.

CBL is one of the largest and most active owners and developers of malls and
shopping centers in the United States. CBL owns, holds interests in or manages
158 properties, including 96 regional malls/open-air centers. The properties
are located in 31 states and total 92.7 million square feet including 10.5
million square feet of non-owned shopping centers managed for third parties.
Headquartered in Chattanooga, TN, CBL has regional offices in Boston
(Waltham), MA, Dallas (Irving), TX, and St. Louis, MO. Additional information
can be found at cblproperties.com.

Contact:

CBL & Associates Properties Inc.
Katie Reinsmidt, 423-490-8301
Senior Vice President
Investor Relations and Corporate Investments
katie_reinsmidt@cblproperties.com
 
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