Tesla secures $465M U.S. Department of Energy ATVM loan
Tesla announced U.S. Department of Energy loan approval totaling about $465 million in June 2009, including $365M for Model S engineering/assembly and $100M for powertrain manufacturing.
Evidence notes
- Tesla said DOE approved about $465 million in low-interest loans.
- The release allocated $365 million for Model S engineering and assembly activities.
- An additional $100 million was described for electric powertrain manufacturing capacity.
Company context
Tesla is an automotive and AI company developing Optimus, a general-purpose humanoid built on its autonomy, battery, and vertically integrated manufacturing stack.