May – Tesla Motors pays off DOE loan

Tesla Motors pays off DOE loan–451-8-million-cash-payme.html

U.S. electric vehicle maker Tesla Motors paid back its 2010 loan awarded by the Department of Energy. Following payments made in 2012 and earlier in 2013, the May 22 payment of $451.8 million repays the full loan amount with interest. According to a DOE statement, this payment makes Tesla nine years early in paying off its loan.

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