Tesla's
outspoken CEO,
Elon Musk, said last week that he expects
his company's financials to be somewhat satisfactory in the very near future, but that's not to say a $10 million grant wouldn't be welcomed with open arms. Thanks to the California Energy Commission,
Tesla will have some extra cash to work with during the production phase of its upcoming electric SUV, otherwise more formally known as the
Model X. According to
Forbes, Tesla will match California's gesture with $50 million of its own -- the total, naturally, will be used to ramp up production at its Fremont plant and to snag the necessary machinery and components to build that sleek Model X. There's still a good amount of time before this EV
hits the masses, so it looks like watching those
select demos will have to suffice for now.
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TransportationTesla gets $10 million grant from California to help with Model X production originally appeared on
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