25 May '13, 12am

What $20 million means to both Tesla and Fisker

When is $20 million not equal to $20 million? When, for some, it's an interest payment and, for others, it's all someone else thinks they're worth. Here's how that one number means two totally different things to two different green car companies. Speaking to Bloomberg Television about the early repayment of Tesla Motors ' DOE loan, CEO Elon Musk said today that, "ultimately, the US taxpayer actually made a profit above $20 million on this loan. For this loan at least, people's tax bill actually went slightly down." Musk said that, now that the loan has been paid back, more people might take a look at Tesla. "We were attacked a lot in certain quarters for having some government debt," he said. "I think that actually matters to some consumers out there, whether or not a company actually does have government debt, and being able to say we fully repaid that debt with interest...

Full article: http://green.autoblog.com/2013/05/23/what-20-million-mean...

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