Categories

A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

USA: California Grants Tesla $10 Million To Build The Model X Electric SUV

California regulators on Wednesday approved a $10 million grant to Tesla Motors to help manufacture its next electric car, the Model X sport utility vehicle.

Tesla will pony up $50 million to match the California Energy Commission grant, which will be used to expand manufacturing capacity at its factory in Fremont, Calif., and to purchase equipment to make components for the Model X.

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. “I think the Model X is going to be the next embodiment of delivering on that unique vision and capability.”
More forbes.com

Share

Leave a Reply