Ever since solar-panel builder Solyndra, the first company to receive money from the Obama administration’s green-tech stimulus loan, went bankrupt, House Republicans want to cut other so-called green jobs programs. This time, it’s the U.S. Department of Energy’s (DOE) Advanced Technology Vehicles Manufacturing Program (ATVM) – the same program that awarded Tesla Motors $465 million back in June 2009.
That might be bad news for the company, as some speculate the company is now seeking additional loans from that same program. Tesla had used the ATVM loan to open an electric powertrain facility at its Palo Alto headquarters and revamp the former NUMMI plant to build the Model S electric sedan.
Earlier this week the automaker posted a blog on its website defending the program. Tesla says it employed 400 people before the original loan. The loan reportedly helped the automaker add 1000 jobs, and it plans on adding another 1000 jobs within the next year.
Tesla’s website doesn’t specify how much in additional loans the company is seeking, or what it would be used for. It does say that the electric automaker “has raised an additional $620 million in private investment capital.” Interestingly, the site also notes the company “has no pending completed applications with the DOE.”
Update 09/28/2011, 10:40 a.m.
A follow up call to Tesla spokeswoman Khobi Brooklyn confirmed the last line of the company’s blog post: “Tesla has no pending completed applications with the DOE.”
Source: SF Gate, Tesla