The agreement also paves the way for Tesla Motors to build a facility in Southern California where it will manufacture its upcoming all-electric Model S sedan.
Friday, January 22, 2010
Tesla Motors Lands $465 Million Federal Loan to Build Plant for Model S Sedan
Tesla Motors and the U.S. Department of Energy on Thursday signed a landmark $465 million loan agreement that will allow the electric car maker to build a power train manufacturing plant in Palo Alto.
The agreement also paves the way for Tesla Motors to build a facility in Southern California where it will manufacture its upcoming all-electric Model S sedan.
The agreement also paves the way for Tesla Motors to build a facility in Southern California where it will manufacture its upcoming all-electric Model S sedan.
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