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Despite reports to the contrary, Tesla Motors won't ask the U.S. Department of Energy for an additional Advanced Technology Vehicles Manufacturing (ATVM) loan, according to the automaker's chief executive officer.

On September 23, the Republican-controlled U.S. House of Representatives voted to approve (291-in-favor, 27-against) a stopgap bill that cuts $1.5 billion from the Department of Energy's Advanced Technology Vehicles Manufacturing (ATVM) Loan Program. The bill, say the Democrats who opposed it, could result in the loss of up to 10,000 jobs and put up to ten automotive companies in jeopardy of losing out on funds needed to develop advanced technologies.