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Topic : tesla-motors


Electric car company Tesla Motors expands

August 19th, 2009

Fresno, Calif. (KFSN) — A domestic automaker is adding jobs here in California, but it’s not a name you might expect. Tesla Motors builds high-end electric sports cars. Now the company said they’re expanding and planning a big move to Palo Alto. As a result, the company said it needs to hire hundreds of new workers to help design and build power train components. >> Read the full story

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Tesla will use U.S. loans to develop the Model S all-electric family sedan

June 24th, 2009

From Green Right Now Reports

Tesla Motors Inc. has been approved for about $465 million in low-interest loans from the US Department of Energy to help speed production of its own and other company’s electric cars.

The California company will use $365 million of the money toward producing its Model S – an all-electric family sedan that could carry seven people and travel up to 300 miles per charge.

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