Tesla has received a $10 million grant from the state of California to build its new Model X crossover.
Tesla has received a $10 million grant from the state of California to build its new Model X crossover. In return for the $10 million grant, Tesla will also contribute $50 million of its own money for the new crossover. The new funding will be used to expand Tesla’s plant in Fremont, California and to purchase new equipment to build the Model X.
“Tesla has the unique distinction of being the only automaker to actually ask us to increase our targets under zero emission rules,” said Ryan McCarthy, the science and technology policy advisor to the chair of the California Air Resources Board. “I think the Model X is going to be the next embodiment of delivering on that unique vision and capability. Tesla’s Gen 3 vehicle could ultimately be a game changer for electric vehicles and air quality and public health in California,”
The Model X will share its platform with the new Model S sedan. The Model X is expected to go into production in 2014.