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TESLA PAYS BACK LOAN - 05/23/13 1058 S.S.

SANTA CLARA  COUNTY-BASED  ELECTRIC  CAR  COMPANY  TESLA  MOTORS,  HAS  FULLY  PAID   BACK  THE  465  MILLION  DOLLAR GOVERNMENT  LOAN.     AFTER MAKING  PAYMENTS  ON THE  LOAN  FOR  A  YEAR,  YESTERDAY,   TESLA WIRED  THE  REST  OF  THE  PAYMENT…ALONG  WITH  26  MILLION  DOLLARS IN  INTEREST  AND  PRE-PAYMENT  PENALTIES,   TO  THE  DEPARTMENT OF  ENERGY.     THE  MONEY  FOR  THAT  REPAYMENT  CAME  FROM  THE  SALES  OF  TESLA’S  MODEL  S,  AND  ROADSTER CARS…..AS  WELL  AS  A  PORTION  OF  THE  1  BILLION  DOLLARS  RAISED  LAST WEEK  THROUGH  OFFERINGS  OF  COMMON  STOCK AND  CONVERTIBLE  SENIOR  NOTES.

TESLA  C.E.O.  ELON  MUSK RELEASED  A  STATEMENT  YESTERDAY  SAYING….

"I would like to thank the Department of Energy,  and the members of Congress (and their staffs)  that worked hard to create the Advanced Technology Vehicles Manufacturing Loan Program…..and particularly the American taxpayer (from whom these funds originated)".

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