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(Image from article: "Ford, Nissan to Tap Federal Loans")

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Tesla IPO Opens Higher

Shares in electric car maker Tesla opened at $19, above the IPO price of $17, which in turn topped the proposed price range by $1.

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Feds lend Tesla $465M for electric car

The Obama Administration will lend Tesla Motors $465 million to build an electric sedan and the battery packs needed to propel it.

Ford, Nissan to Tap Federal Loans

The government is poised to disclose that Ford, Tesla and Nissan will be among the first beneficiaries of a $25 billion loan program to help develop fuel-efficient vehicles.

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