22 May '13, 9pm

Check out: Tesla pays back $465m DOE loan, Musk says 'I hope we did you proud' via @therealautoblog

Tesla Repays Department of Energy Loan Nine Years Early Only American Car Company to Have Paid Back Government Wednesday, May 22, 2013 PALO ALTO, Calif.-- Tesla Motors announced that it has paid off the entire loan awarded to the company by the Department of Energy in 2010. In addition to payments made in 2012 and Q1 2013, today's wire of almost half a billion dollars ($451.8M) repays the full loan facility with interest. Following this payment, Tesla will be the only American car company to have fully repaid the government. For the first seven years since its founding in 2003, Tesla was funded entirely with private funds, led by Elon Musk. Tesla brought its Roadster sports car to market with a 30% gross margin, designed electric powertrains for Daimler (Mercedes) and had done preliminary design of the Model S all before receiving a government loan. In 2010, Tesla was awar...

Full article: http://green.autoblog.com/2013/05/22/tesla-pays-back-465m...

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Tesla pays back $465m DOE loan, Musk says 'I ho...

green.autoblog.com 22 May '13, 9pm

Tesla Repays Department of Energy Loan Nine Years Early Only American Car Company to Have Paid Back Government Wednesday, ...

Tesla Motors Repays DOE Loan 9 Years Early

renewableenergyworld.com 22 May '13, 10pm

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Tesla Repays $465-Million DoE Loan, Chrysler Bi...

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Tesla

teslamotors.com 22 May '13, 8pm

PALO ALTO, Calif.-- Tesla Motors announced that it has paid off the entire loan awarded to the company by the Department o...

Tesla Motors Repays Its Government Loan in Full

Tesla Motors Repays Its Government Loan in Full

greentechmedia.com 22 May '13, 9pm

In a much-anticipated development, Tesla Motors said today that it had fully paid the government back for a $465 million l...

Tesla to repay $465m Department of Energy loan 9 years ahead of schedule

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Tesla Repays Department of Energy Loan Nine Years Early Only American Car Company to Have Paid Back Government Tesla Motor...

Tesla Pays Off Department of Energy Loan Nine Years Early

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