Tesla Motors (TSLA) nabs a $10M grant from the state of California to help it move forward with...

|About: Tesla Motors (TSLA)|By:, SA News Editor

Tesla Motors (TSLA) nabs a $10M grant from the state of California to help it move forward with development of the Model X EV crossover. For its part, Tesla kicked in $50M and will add 500 workers for the project. Production is slated for 2014.