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Right Place, Right Time For Tesla. Electric Car Maker Gets $460M From US Gov

Posted on June 23, 2009

San Carlos-based Tesla, maker of a $109K electric sports car, has won $350M in low-interest loans to develop a $57,499 four-door sedan and $100M to expand a drive train business that sells parts to other automakers. The loans come courtesy of the US Department of Energy, which also gave Ford a $5.9B loan. Just yesterday, it was reported that Tesla co-founder Martin Eberhard sued CEO Elon Musk and Tesla for libel and breach of contract stemming from a variety of personal and professional issues with Musk and the company. Next up for Tesla is for it to open a production facaility which will like...

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