Tesla Motors Getting $10 Million From California For Model X Production

The California Energy Commission has awarded a $10 million grant to Tesla Motors for the company to buy equipment necessary for the production of its Model X electric SUV. Tesla will have to match the funds with $50 million of its own money. From the article: "It was something of a love fest for Tesla at the energy commission meeting in Sacramento as commissioners and other regulators praised Tesla as an innovator that has brought automotive manufacturing back to California while creating clean cars and more than 1,500 jobs. 'Tesla has the unique distinction of being the only automaker to actually ask us to increase our targets under zero emission rules,' said Ryan McCarthy, the science and technology policy advisor to the chair of the California Air Resources Board. ... 'Tesla’s Gen 3 vehicle could ultimately be a game changer for electric vehicles and air quality and public health in California,' added McCarthy, referring to Tesla’s plans to build an electric car in the $30,000 range. Its latest car, the Model S sedan, sells between $50,000 and $100,000 and the Model X, which is based on the Model S platform, is expected to sell in that price range."

Cool.

[dtmancom]

Nice to see California is flush with cash.

Wake up time, granola boys!

[phrackwulf]

The Tesla design is still too expensive, the future of electric powered LUV's (light utility vehicles) will be decided by John Deere and Harley Davidson with the able assistance of the Argonne Laboratory vehicle group and the price point will be $15,000. Stick that in your Silicon Valley you tofu eating, suckers! HOOAH!

-Outrider-6 out