Finance

US closes on $465m loan for Tesla Motors factories Tesla Motors Model S, an all-electric family sedan to be priced at an estimated $49,900 after a $7,500 federal tax credit. Photograph: Tesla Motors

US closes on $465m loan for Tesla Motors factories

The maker of the all-electric Tesla Roadster sealed a deal with the US Department of Energy (DOE) for a $465m loan to finance construction of a manufacturing plant for the company’s new sedan.

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Benjamin Romano

Published: Friday, January 22 2010

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