Namors - Slashdot User

Submission + - Tesla receives $465M loan to build Model S

Submitted by SignalFreq on Wednesday June 24, 2009 @01:43PM

SignalFreq writes: Tesla Motors, based in San Carlos, California, was approved yesterday for $465M in loans from the Department of Energy's Advanced Technology Vehicles Manufacturing program. Tesla plans to use $365M of the money to finance a manufacturing facility for the Model S (review, Letterman video) and $100M for a powertrain manufacturing plant in the SF Bay Area. "Tesla will use the ATVM loan precisely the way that Congress intended — as the capital needed to build sustainable transport," said Tesla CEO and Product Architect Elon Musk. Tesla expects the Model S to ship in late 2011 and the base cost to be $57,400 ($49,900 after a federal tax credit). Ford received $5.9B and Nissan received $1.6B under the same program.

Submission + - A growing storm for Australia's largest ISP (gray.net.au) 1

Submitted by

MrClever

on Wednesday June 17, 2009 @01:21AM

MrClever writes: "Australia's largest ISP BigPond are currently experiencing the largest outage in living memory. Inital reports from affected subscribers suggest the fallout is covering a large proportion of the eastern seaboard. Having spent 45 minutes on hold the word from Telstra is the problem is "major", there is no estimated time to resolution at this stage, and it affects every ADSL subscriber in NSW and Victoria. However, some reports are suggesting the problem extends north in Queensland."

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