The $528.7-million low-interest loan “is another critical step in making sure we are positioned to compete for the clean-energy jobs of the future,” Energy Secretary Steven Chu said.
WTF?
Tesla, based in San Carlos, Calif., was awarded $465 million in Energy Department loans in June, primarily to build its second all-electric car, a sub-$50,000 sedan, in California.
That’s just a hair under one billion dollars.
WTFF?
This entry was posted on Wednesday, September 23rd, 2009 at 8:00 pm and is filed under Cars, Clippings, Media. You can follow any responses to this entry through the RSS 2.0 feed.
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Yeah, you’d think they’d at least match the $18.5 billion earmarked for nuclear energy loans (from http://www.ne.doe.gov/np2010/neScorecard/neScorecard.html):
Nuclear Power Loan Guarantees
* The Department is authorized to guarantee $18.5 billion in loans for nuclear power projects. First NRC-issued COL not expected before mid-2011.
* Fifteen power companies have submitted Part II applications by the December 19, 2008 deadline, requesting a total of $93 billion in loans to be guaranteed. The applications cover 10 sites with a total of 16 reactors, capable of providing 22 GW in generating capacity.
* DOE has narrowed the new reactors eligible to receive loan guarantee to five applicants.