Tesla Gets Crap Loads of Our Money


And by crap loads, I mean $465 million of our precious dollars. The loan from the federal government is part of a larger series of loans totaling $8 billion for new fuel-efficient vehicle research. Tesla plans to use the coin to develop the new Model S and the car’s battery packs, and if you think there are a lot of zeros behind Tesla’s figure, just wait. Ford and Nissan will snap up the remaining coinage for their own ‘lectric projects, with the Blue oval nabbing $5.9 billion. Yes, we said billion with a b. Nissan, on the other hand, landed $1.6 billion to retool its Tennessee factory for EV production. Ka-ching. [Source: Autopia]

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