Report: Tesla asks for another loan from the Feds
 

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We haven't heard much from Tesla of late, but that may be because the upstart electric car maker is hard at work getting the Model S to market, as promised, before the end of 2012. The Model S itself is the product of a $465 million loan from the U.S. Department of Energy, but that's not the last round of loans Tesla has its sights set on.

SF Gate reports that Tesla has asked the DoE for another loan. Tesla spokeswoman Khobi Brooklyn reportedly confirmed that the loan application was completed, adding that the money would be used "in our continued mission to make more affordable electric vehicles." Tesla hasn't yet detailed the amount of money that has been requested, nor has it indicated if specific models would be built with the money.

The confirmation of a DoE loan request comes one week after Tesla defended the DoE's $25 billion clean energy loan program in the wake of the Solyndra solar panel bankruptcy scandal. Tesla points out that the Tesla loan resulted in 1,000 jobs and another 1,000 expected in the year ahead.Tesla asks for another loan from the Feds originally appeared on Autoblog on Mon, 26 Sep 2011 18:29:00 EST. Please see our terms for use of feeds.


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