California regulators on Wednesday approved a $10 million grant to Tesla Motors to help manufacture its next electric car, the Model X sport utility vehicle.
Tesla will pony up $50 million to match the California Energy Commission grant, which will be used to expand manufacturing capacity at its factory in Fremont, Calif., and to purchase equipment to make components for the Model X.
California Grants Tesla $10 Million To Build The Model X Electric SUV - Forbes
(Way to go, Mike Taylor and Tesla!)