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EPA settles with Tesla over Clean Air Act violations at Fremont plant; $275K penalty

Green Car Congress

The US Environmental Protection Agency (EPA) announced a settlement with Tesla Motors Inc. EPA found Clean Air Act violations at Tesla’s automobile manufacturing plant in Fremont, Calif. Under the settlement, Tesla agreed to pay a $275,000 penalty.

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Panasonic invests $30M in Tesla Motors

Green Car Congress

Panasonic Corporation has invested $30 million in Tesla Motors. The investment was made through the purchase of Tesla common stock in a private placement at a price of $21.15 We are proud to strengthen our relationship with Tesla Motors.

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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. for construction of a manufacturing facility in southern California on the Model S electric sedan and a power-train manufacturing facility in Palo Alto, California. Earlier post.).

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Panasonic and Tesla expand supply agreement for Li-ion cells; nearly 2 billion through 2017

Green Car Congress

Panasonic Corporation and Tesla Motors have expanded their 2011 supply agreement so that Panasonic will now supply nearly 2 billion automotive-grade lithium-ion battery cells to Tesla through 31 December 2017 at long-term preferential prices. —Tesla Quarterly Report (10Q) for quarter ending 30 June 2013.

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