SAN CARLOS, CA --- Tesla Motors has received approval for about $465 million in low-interest loans from the U.S. Department of Energy to accelerate the production of affordable, fuel-efficient electric vehicles.
Electric Car Maker Tesla to Delay Next Model, Cut Workforce
SAN CARLOS, CA --- Electric car maker Tesla Motors, manufacturer of the battery-powered Roadster, said last week that market conditions and the current credit crisis have prompted production delays on its next-generation vehicle, the Los Angeles Times reported.