Tesla gets $465 million loan from DOE

[wtmusic]

"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:

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.

So, how does it feel?"

http://green.autoblog.com/2010/01/23/done-deal-tesla-doe-complete-loan-paperwork/

[Taverner]

1. This is good

We should treat Electric Car companies the way we treated Physical and Chemical Tech companies in the 60's

e.g. R&D dollars coming out the arse

[robinlynne]

2. fantastic. now tesla, please make us all a car we can afford!