Tesla Motors on Thursday unveiled its Model S, an all-electric sedan it hails as the beginning of a generation of fossil-fuel-free cars and a profitable company.
But before that happens, the company must find the money to build the vehicle. Tesla is pinning its hopes on Washington and a $450 million government loan. The company expects to hear from the Energy Department this year.
"We are highly confident that Tesla will be selected, and it will occur this year," said Elon Musk, the company's chief executive, after displaying the car to customers, analysts and reporters in a gigantic hangar set up to look like a lounge at SpaceX, Mr. Musk's rocket factory. His other venture is to build a spacecraft.
See full Article.
Posts
