TITLE

U.S. Government Fuels $350M Tesla Loan

AUTHOR(S)
Moresco, Justin
PUB. DATE
February 2009
SOURCE
Red Herring;2/11/2009, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the U.S. Department of Energy will issue $350 million in loans to electric car manufacturer Tesla Motors. Such loan is aimed at helping Tesla finance its Model S and keep it on track for production in 2011. Model S is expected to sell for nearly $60,000. Meanwhile, Tesla Chief Executive Elon Musk revealed that the company is also finalizing agreements to open six sales and service centers in the U.S., Germany and England.
ACCESSION #
36602873

 

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