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| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
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Less than a week after unveiling its new Model S electric sedan, Tesla Motors yesterday revealed that it has already received 520 orders for the all-electric car despite the fact the company is still waiting on the $350m (£238m) federal loan required to build the Model S assembly plant.
Tesla chairman and chief executive Elon Musk said that the reservations received since the car was officially debuted in Los Angeles last week had exceeded "our optimistic internal projections", adding that the rush of orders provided "proof that there's pent-up demand for more affordable, fuel-efficient vehicles".
What is the interest rate on that loan to Tesla; does it cover the loss of all that Bail-Out money sent to the mysterious "bankers"?