Tesla seeking $350 million loan from Federal Government

Tesla Motors Inc. said it has not been notified yet whether it will get a $350-million loan from the federal government, but expects word within four to five months.  A newsletter distributed Wednesday by the company caused confusion when CEO Elon Musk wrote, “I am excited to report that the Department of Energy informed Tesla last week that they expect to disburse funds … within four to five months.” Some took that to mean that the loan had been approved but the company said later that this isn’t the case.  Spokesperson Rachel Konrad said the Department of Energy hasn’t given final confirmation to any of the 75 entities that applied for the funds. “No one has gotten final confirmation,” she said. “That said, we’re very confident we’re going to get financing.”  Full story here.