Tesla Motors

Obama administration awards first three auto loans for advanced technologies to Ford Motor Company, Nissan Motors and Tesla Motors

June 23, 2009 -- Washington, DC – Today, the Obama Administration announced $8 billion in conditional loan commitments for the development of innovative, advanced vehicle technologies that will create thousands of green jobs while helping reduce the nation’s dangerous dependence on foreign oil.    » read more »

Tesla Motors will Receive $465 Million to Create Jobs in California

June 23, 2009 -- Washington, DC – U.S. Senator Barbara Boxer (D-CA) today lauded U.S. Department of Energy (DOE) Secretary Steven Chu’s announcement that San Carlos-based Tesla Motors will receive $465 million as part of the first loans made under DOE’s Advanced Technology Vehicles Manufacturingloan program.

Senator Boxer spoke with Secretary Chu earlier this year and pressed him to quicklyapprove loans under this program.    » read more »

06/23/2009 -- California Governor Arnold Schwarzenegger today issued the following statement on the Obama Administration’s announcement of $8 billion in loans for the development of innovative, advanced vehicle technologies that will create thousands of green jobs while helping reduce the nation’s dependence on oil:

“Today’s announcement is just the sort of sustainable energy policy I have been talking about. It is more important than ever that we secure our nation’s energy independence and lay the foundation for long-term competitiveness, and no time is better to do so than right now when our country is facing tough economic times.    » read more »