Tesla repayment silences DoE loan critics

Tesla has confirmed that it has paid off its entire US$465m Department of Energy loan, with interest, nine years ahead of schedule. The government granted the loan in 2010 under the Advanced Technology Vehicle Manufacturing programme. Tesla’s final payment came from part of the US$1bn in funds raised in last week’s Subscribe to Automotive World … Continued

• By Megan Lampinen
• May 23, 2013