- Dec 14, 2000
- 68,143
- 10
- 81
http://www.latimes.com/busines...09mar27,0,472402.story
The company has applied for $400 million in government loans, which it says it needs to get the plant off the ground and the Model S fully developed. But because the competitive federal programs favor projects situated on previously used industrial sites (so-called brownfields) rather than new construction, Musk said it would be in the company's best interest to find such a location.
"We did a review, and we just don't have a 500,000-square-foot empty building with 24-foot ceilings," said Reed, pointing out that Southern California, with its glut of abandoned aircraft factories, is rife with such spaces
/sniped it because its along (but good) article.
so they want a loan. ugh not sure its a good idea. sure the car (seems to) is nice. but a avarage cost of $60k?not sure thats the best idea for a loan.
IF they get it the odds they are going to have to pay it back?
The company has applied for $400 million in government loans, which it says it needs to get the plant off the ground and the Model S fully developed. But because the competitive federal programs favor projects situated on previously used industrial sites (so-called brownfields) rather than new construction, Musk said it would be in the company's best interest to find such a location.
"We did a review, and we just don't have a 500,000-square-foot empty building with 24-foot ceilings," said Reed, pointing out that Southern California, with its glut of abandoned aircraft factories, is rife with such spaces
/sniped it because its along (but good) article.
so they want a loan. ugh not sure its a good idea. sure the car (seems to) is nice. but a avarage cost of $60k?not sure thats the best idea for a loan.
IF they get it the odds they are going to have to pay it back?
