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Motor Authority: Tesla will use DOE funding for Model S and electric drivetrain factories

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Despite its small size, Tesla Motor Company, builder of the famed Roadster electric sports car, is as embattled as any major manufacturer these days. Between a lawsuit from a former CEO and materials costs far beyond the asking price of the Roadster, things haven't been going well lately. Things are starting to look up, however.Last month Tesla and German auto giant Daimler formed a strategic alliance and this week the U.S. Department of Energy (DOE) grant the electric car company an approval for about $465 million in low-interest loans to help accelerate the production of affordable, zero-emission models.

Tesla Model S Prototype

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