Tesla will have to pay back DOE loan early, says it's ready to do so

The 0-60 mile per hour acceleration time of the top-of-the-line Tesla Model S is 4.4 seconds. Now, the federal government is looking for Tesla Motors to similarly pick up the pace. The electric vehicle maker, which received a $465 million credit line from the U.S. Department of Energy, is being asked to speed up its repayment pace once Tesla starts paying off the loans later this year, the company said in a Securities and Exchange Commission document . Tesla is supposed to begin payments in December and has until October 31 to put together a proposal outlining its faster repayment schedule. This new schedule is required because of a September 24 waiver that changes Tesla's specified current ratio of assets to liabilities, writes Bloomberg News. Tesla CFO Deepak Ahuja told Bloomberg that the company could beat its 10-year repayment schedule if Tesla becomes profitable earli...

Full article: http://green.autoblog.com/2012/10/03/tesla-will-have-to-p...

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@greeneral » 03 Oct '12, 1pm
RT @jknistrum: RT @jknistrum: Tesla will have to pay back DOE loan early, says it's ready to do so [link] #green #energy
@Daily_Donkey » 03 Oct '12, 1pm
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@jknistrum » 03 Oct '12, 1pm
Tesla will have to pay back DOE loan early, says it's ready to do so [link] #green #energy
@car_talog » 03 Oct '12, 12pm
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@carstufffeed » 03 Oct '12, 12pm
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@otogeek » 03 Oct '12, 12pm
[link] Tesla will have to pay back DOE loan early, says it's ready to do so: Filed under: EV/Plug-i... [link]
@balqon » 03 Oct '12, 12pm
Tesla will have to pay back DOE loan early, says it's ready to do so Filed under: EV/Plug-in , Tesla Motors , Legisla [link]
@OzoneDrive » 04 Oct '12, 7am
Tesla will have to pay back DOE loan early, says it's ready to do so [link]
@fibergeneration » 03 Oct '12, 1pm
Tesla will have to pay back DOE loan early, says it's ready to do so [link]
@globol10 » 03 Oct '12, 12pm
Tesla will have to pay back DOE loan early, says it's ready to do so [link]
@jaffarwahdat » 03 Oct '12, 12pm
Tesla will have to pay back DOE loan early, says it's ready to do so [link]
@mygreenlimo » 03 Oct '12, 12pm
Tesla will have to pay back DOE loan early, says it's ready to do so [link]