Tesla secures $465 million federal loan - Dodge Nitro Forum
Off-Topic Discussion If you have something to discuss that is not related to the Dodge Nitro, post it in here. Keep it work safe!

LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 01-22-2010, 11:11 AM Thread Starter
Super Moderator
rickaren's Avatar
Join Date: Nov 2006
Location: Indiana
Posts: 22,847
Tesla secures $465 million federal loan

Tesla secures $465 million federal loan for electric car plant

Posted on Friday, January 22nd, 2010 at 12:21 PM EST.(Employee News)

Tesla Motors Inc. closed Thursday on a $465 million low-cost U.S. Department of Energy loan to build a factory in southern California to produce its $50,000 Model S electric sedan and a powertrain manufacturing facility in Palo Alto, The Detroit News reported.

The Palo Alto facility will assemble electric vehicle battery packs, electric motors and related electric vehicle control equipment for Tesla’s own electric vehicles and for sale to other automobile manufacturers, the paper said. Tesla’s planned zero-emission, electric Model S will have up to a 300-mile range, the News noted. Volume production of the Model S is planned to begin in 2012 with a target production capacity of 20,000 vehicles per year by the end of 2013, the Energy Department said. The $50,000 price is after a $7,500 federal tax credit, the report said.

According to Tesla, the Model S project and power-train manufacturing facility are expected to create more than 1,600 jobs, the story said. (The Detroit News)


Nitro Year: 2007 (1 of 91,815 sold in 07)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
rickaren is offline  
Sponsored Links

  Dodge Nitro Forum > Off-Topic Area > Off-Topic Discussion

Quick Reply

Register Now

In order to be able to post messages on the Dodge Nitro Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode

Similar Threads
Thread Thread Starter Forum Replies Last Post
Tesla preparing IPO rickaren Chrysler/Dodge/Jeep News 0 11-23-2009 01:36 PM
Rossi secures MotoGP pole at San Marino rickaren Chrysler/Dodge/Jeep News 2 09-06-2009 11:16 AM
Suppliers get federal aid rickaren Chrysler/Dodge/Jeep News 0 07-13-2009 09:12 AM
Daimler Buys Into Tesla rickaren Chrysler/Dodge/Jeep News 0 05-19-2009 09:36 AM
How Ford Restructured Without Federal Help rickaren Chrysler/Dodge/Jeep News 0 05-10-2009 08:40 PM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome