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….