Tesla Gets $10 Million Grant to Help Build the Model X
Few auto manufacturers would actually find themselves lobbying California lawmakers to pass more stringent zero-emission regulations. Then again, Tesla is not your “typical” automaker, as zero-emission cars is all they do, and that lobbying has put Tesla firmly in the minds of the state’s lawmakers.
With California having a vested interest in the success of the EV world, thanks to its growing number of cars on the road, it needs Tesla to start hammering out a more eclectic line of vehicles. The Model X is exactly the balance that Tesla and California need, but as an up-and-coming business, Tesla’s funds are a little tight. Well, California has upped its faith in the growing automaker, as it the state has issued it a $10 million grant to help the EV manufacturer get its Fremont, California ready for production of the new crossover SUV.
Now before you get yourself up in arms about the government handing out grants to another EV company, please note that per the terms of this grant deal, Tesla has ponied up $50 million toward the project. That $60 million will be used to create 700 new jobs, update equipment and bring in the new equipment that Tesla needs to stamp out the Model X.
This means that we are getting closer and closer to the scheduled 2014 release of the Model X, which will carry with it an MSRP from $57,400 to about $90,000. Models nearer the top end of the MSRP spectrum will boast dual-motor all-wheel drive and a 0-to-60 mph time under 5 seconds. That will put the Model X near the performance level of the Porsche Cayenne Turbo with a lower MSRP and no fuel to purchase. All that remains to be figured out is whether it will boast a 300-mile electric range like its Model S brethren. If so, Tesla certainly has a winner on its hands.
Source: Left Lane News