Via Wired’s Autopia blog:
The Obama Administration will lend Tesla Motors $465 million to build an electric sedan and the battery packs needed to propel it. It’s one of three loans totaling almost $8 billion that the Department of Energy awarded today to spur the development of fuel-efficient vehicles.
Feds Lend Tesla $465 Million to Build Model S (Wired: Autopia, via @timoreilly)
More coverage: NYT, SJ Merc, NPR.
Related: Tesla’s Fantasy Valuation (Reuters)