Tesla receives $10 million grant from California Energy Commission

Article by Anita Panait, on October 12, 2012

The California Energy Commission has awarded a $10 million grant to electric car maker Tesla Motors Inc. to finance the acquisition of assembly equipment and the hiring of 500 workers to build a rechargeable sports utility vehicle in the State of California. The California Energy Commission awarded the funds to reimburse Tesla for machinery bought to equip its assembly plant in Fremont, California to produce the battery-powered Model X crossover, according to Alison Roberts, a spokeswoman for the agency.

She added that Tesla is allocating $50.2 million for the project and adding the jobs to qualify for the $10 million grant, which was funded by vehicle registration fees. Christina Ra, spokeswoman for Tesla, remarked that the development of Model X is under way and that the electric SUV is scheduled to go into production in 2014.

Tesla’s Fremont factory currently employs more than 1,500 people for producing Model S sedans, lithium-ion battery packs and electric motors. Tesla managed to raise around $200 million in fresh funds through a secondary stock offering last week. The electric carmaker also announced its plans to make an early payment on U.S. Energy Department loans it received in 2009 to develop and build the Model S.

Tesla chief executive Telon Musk said that the carmaker plans to be "cash flow positive" as early as November 2012, and to be profitable by 2013. On September 25, 2012, Tesla disclosed that its plans to deliver about 3,000 units of the Model S, down from an initial goal of 5,000. The Tesla Model S is available for a starting price of $57,400.

There is no doubt that the Tesla Model S may be the quickest four-door sedan not just in the world, but throughout history too. Proof of this is the acceleration from 0 to 60 mph in just 2.8 seconds. Handling is not a concern as it is more than exceptional and this is due to having a low center of gravity. The latter in turn is a result of being able to place the battery pack in between the axles and along its floor pan.

Indeed, no other production vehicle exists that has the best placement of the mass offer optimal handling. The Tesla Model S is composed of a pair of motors with one being placed in the front and another in the rear. Though the vehicle ensures that the torque is delivered not just to the wheels in the front but also in the rear, this is controlled independently and digitally.

Thus, no matter what the present situation may be, the traction offered is truly unmatched. What this means is that the Electric All Wheel Drive system of the Model S is able to increase efficiency. This is unlike standard AWD vehicles where traction is increased but at the expense of fuel efficiency. Safety is never an issue as the Tesla Model S is considered one of the safest cars out there.

A large part of this guarantee is the electric drivetrain which has been placed under the vehicle. Because it results in the center of gravity being, the risk of a rollover is minimized. The safety of the Model S is without question as this vehicle has obtained 5-star safety ratings not just from the Euro NCAP but even the NHTSA. When tested in the U.S., it resulted in setting a new record when it comes to the lowest possibility of injuring occupants.

Helping ensure that the Model S is the safest vehicle on the road are a number of safety features like blind spot detection, collision warning, emergency braking, and lane departure warning. Tesla will be offering features aimed at convenience like autopark, autosteer, traffic-aware cruise control, and summon.

Topics: tesla, california

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