Good point, Look1. On another Topic,
Tesla Expecting $350M In Government Funds
By Dan Strumpf, AP Auto Writer
February 11, 2009
NEW YORK (AP) -- Electric-car maker Tesla Motors Inc. said Wednesday it was told by the U.S. Department of Energy that its application for $350 million in government loans should be disbursed in the next four to five months.
The San Carlos, Calif.-based company said the funds will go toward building the factory that will ultimately produce its Model S four-door sedan, which will go on sale in 2011.
Tesla spokesman Rachel Konrad said Tesla has not yet received final approval for the loan, which comes from a $25 billion loan program designed to help automakers retool plants to build more fuel-efficient vehicles.
If Tesla can get $350, shouldn't SOLM be in line for at least $25 mill. to settle old debts, pay off accounts due, and help fund operations, incuding further acquisitions?
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