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Tesla gets federal loan to build Palo Alto plant
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on Jan 22, 2010
A $465 million low-interest federal loan will help Tesla Motors build its planned powertrain production facility in Palo Alto's Stanford Research Park, the U.S. Department of Energy and Tesla announced Thursday afternoon. The loan will also be used to build an assembly plant in Southern California.
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posted Friday, January 22, 2010, 10:03 AM