Tesla's $465M stimulus loan finalized (Silicon Valley)
The U.S. Department of Energy finalized the long-expected $465 million low interest loan Tesla Motors Inc. plans to use to build a manufacturing facility in southern California on the Model S electric sedan and a power-train manufacturing facility in Palo Alto.
Tesla estimates that more than 1,600 California jobs will be created by the loan.
Read the full report in Silicon Valley Business Journal.
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