January 21, 2010
U.S. Secretary of Energy Steven Chu announced today that the U.S. Department of Energy has signed a $465 million loan arrangement agreement with Tesla Motors under the ATVMIP.
"We are honored that the US government selected Tesla to be among the first companies to participate in this visionary program. This loan will allow us to further accelerate the production of affordable, fuel-efficient electric vehicles."
- Elon Musk, CEO









