Tesla Model X

Better Place, Tesla and Zero Motorcycles receive California Energy Commission grants

In a grant program totaling over $20 million, the California Energy Commission is supporting clean green transportation projects from Better Place, Tesla Motors, Zero Motorcycles and other companies.

The California Energy Commission announced on Wednesday grants supporting projects at Tesla Motors, Zero Motorcycles, and several other organizations meant to move California closer to a clean transportation system. The projects will either support electric vehicle manufacturing, or deployment of clean energy vehicles in California.

Tesla Motors is being awarded $10 million, with Tesla kicking in another $50 million of matching funds, to support manufacturing of the Tesla Model X. That vehicle is Tesla's all electric SUV, built on the same platform as the Tesla Model S, that is slated to go into production in 2013. The CEC grant will go towards purchasing equipment required for Model X manufacturing, and the project is expected to create more than 500 new manufacturing jobs in California. These jobs of course will be at Tesla's plant in Fremont, CA.

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Comments

Musk was right! That is one way to become cash flow positive in November! Good scoop.

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