- Jan 23, 2010
Done deal: Tesla, DOE complete $465 million loan paperwork
Tesla Model S – Click above for high-res image gallery
While only half of the AutoblogGreen readership said they'd invest in Tesla Motors when (if?) the company gets its IPO organized, technically, most of you technically already have. As Wired put it, "Are you a U.S. citizen? If so, congratulations - you're officially an investor in Tesla Motors." The reason for this is that earlier this week, Tesla announced that U.S. Department of Energy secretary Steven Chu signed the $465 million loan arrangement from June. Tesla CEO Elon Musk said that:
So, how does it feel?We are honored that the US government selected Tesla to be among the first companies to participate in this visionary program. This loan will allow us to further accelerate the production of affordable, fuel-efficient electric vehicles.
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[Source: Tesla Motors]