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Tag: Tesla Motors

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    4811 SEEN

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    Electric cars and the Department of Energy: Two giant loans, two different paths

    By Ronnie Greene
    Center for Public Integrity
    They are two cutting-edge electric car makers, headquartered in California and backed by powerhouses of politics and money. In 2009, each secured half-billion dollar loan commitments from President Obama’s Department of Energy to help transform their clean-energy cars from drawing boards to showrooms. But this week, the fortunes of Tesla Motors and Fisker Automotive took sharply divergent turns.

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