DOE loans Tesla $465M to build "Model S" – Ford got $4.9B, Nissan $1.6B under same program


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)