Tesla Gets $465 Million from Feds

The Department of Energy has made it official: Tesla Motors will, in fact, get $465 million in government loans to fund its Model S sedan. Chalk another one up for founder Elon Musk's improbable dream of a mass-market electric car.
Tesla to borrow $40 million from investors
The slow-motion crash of Tesla Motors continues. Last week, an insider revealed the electric-car maker, once the best hope of Silicon Valley's nascent clean-transportation industry, had only $9 million in the bank. Now, Elon Musk, the investor who recently deposed the company's CEO, claims the company has commitments…
