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DOE Closes $465M Loan to Tesla Motors

Green Car Congress

The US Department of Energy has closed its $465 million loan with Tesla Motors, Inc. The Palo Alto facility will assemble electric vehicle battery packs, electric motors, and related electric vehicle control equipment, both for Tesla’s own electric vehicles and for sale to other automobile manufacturers. Earlier post.).

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Tesla replays DOE loan nine years early

Green Car Congress

billion fundraising , Tesla Motors has paid off the entire loan awarded to the company by the US Department of Energy in 2010. In addition to payments made in 2012 and Q1 2013, today’s wire of almost half a billion dollars ($451.8M) repays the full loan facility with interest. Flush with its recent $1.02

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A 100 m.p.g. truck? A Bright IDEA | Freep.com | Detroit Free Press

Tony Karrer Delicious EVdriven

Three years ago, the magazine Popular Mechanics even wrote an article prodding the auto industry for not building the 100 m.p.g. Now, of course, Bright Automotive is ready to unveil the IDEA, with the expectation it will have 50,000 ready for sale in 2013. based Tesla Motors Inc. Right Now can be seen here.

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

Hybrid Sonata model year 2011, possible PHEV version in 2013. The turning point came when tiny Tesla Motors, a Silicon Valley start-up, announced in 2006 that it would produce a speedy electric sports car powered by those same laptop batteries. Daimler/Mercedes Took over Daimler/Chrysler Sprinter PHEV program.

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