Tesla asks for $400 million loan
By Andrew C., 30 Aug, 2010. 0 Comments
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It is reported that Tesla Motors has joined the Big 3 in appealing for bailout from the US government. The electric car brand from the Silicon Valley is reported to have appealed for $400 million from the energy department to finance two projects, the details of which have not been revealed. The electric car brand from the Silicon Valley is reported to have appealed for $400 million from the energy department to finance two projects, the details of which have not been revealed. Tesla employs quite a few personnel and the one car it manufactures is sold only in limited numbers and most consumers cannot afford its price tag. The Big 3 are requesting for a share of government bailout in the amount of $25 billion. The soft loans are intended to fund technology for the eco-safe cars of the future for the three automakers.
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