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Tesla and 15 others being considered for DOE's Loan Guarantee Program

ALTERNATIVE FUEL VEHICLES PROJECT Tesla Motors New Mexico is the proposed location for this project, which plans to build a battery-electric powered vehicle with enhanced range that can be produced for the consumer market. With those words, the U.S. Department of Energy yesterday approved Tesla's pre-application for a federal loan guarantee program for "Innovative Clean Energy Projects." 143 projects submitted pre-applications, and of the 16 accepted pre-applicants, Tesla was the only vehicle project. You can see the full list here. The loan ... Read more →

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