Tesla Motors announced that it might receive its long-standing $450-million loan from the federal government that will allow it to build its electronic-car factory in California.
However, Tesla stopped short of saying that the loan is already approved. The loan is not yet officially approved, but company officials are confident that its application will be approved and the funds will be taken from $25-billion loan program of the government to retoll the US car industry.
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news Tesla announces that its federal loan may be granted soon; Cars Blog
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