Thursday, April 29, 2010
Tesla Pulls $38.3M From DOE Loan
Palo Alto-based Tesla Motors has now drawn down an aggregate of $38.3M from the firm's loan facility with the DOE, according to a revised S-1 filing from the firm Thursday. According to the filing, the firm has now drawn $38.3M from its DOE loan, up from $29.9M in March. Tesla scored $465M in DOE funds in June of 2009.