Tesla Motors Repays $465M Government Loan 9 Years Early 446
Tesla Motors announced today it has completely repaid the $465 million loan from the U.S. Department of Energy the company received in 2010. The funds were generated by Tesla through a recent sale of their stock, worth close to a billion dollars. The stock price had risen sharply after the company reported its first profitable quarter (and the stock still sits roughly 50% higher than before their earnings release). Today's payment of $451.8 million finished off both the loan's principal and its interest, nine years before the final payment was due. Tesla CEO Elon Musk said, 'I would like to thank the Department of Energy and the members of Congress and their staffs that worked hard to create the ATVM program, and particularly the American taxpayer from whom these funds originate. I hope we did you proud.'
It's about time! (Score:4, Funny)
Finally!
Congratulations! (Score:5, Funny)
Good job!
So, when do they start making a car that I can afford to drive?
No, no (Score:5, Funny)
Electric cars will lead to nipples and other unamerican things.
Re: Congratulations! (Score:5, Funny)
Re:Congratulations! (Score:1, Funny)
Actually, that comment was sort of amusing because, while Musk is actually African, he's about as white as I am.
And how exactly are we supposed to know how white you are? You are just some random anon guy on the internet, doesnt exactly give away much
Re:Texas, North Carolina Fighting Tesla's Dist Mod (Score:2, Funny)
That argument is equally flawed as Pontiac, Mercury, Oldsmobile and Saturn were nameplates of larger parent companies. For that matter, the first three had fleets of cars that were merely rebadges and varied trim levels of the parent companies vehicles. Tesla only has one badge, one brand. If they closed shop tomorrow, that would be that. Sort of like when American Motors closed shop. Or Daewoo. You don't see either of those dealers still open.
This is nothing more than State senates trying to give the wealthy citizens of their state an opportunity to muscle in and make a profit off Tesla selling cars. And Federal Interstate Trade laws should trump this. Otherwise, what is to stop a State from closing Disney Stores, or American Eagle, or Apple Stores... ... ohhhhhhhhhhhhhhh nevermind... these laws are AWESOME!!!
Re:Congratulations! (Score:4, Funny)
I tried that, but I find that the 2 hours of sleep per night (after the 30 minute commute each way) has worse effects on me than the one hour commute each way if I work a regular 9-5.
Re:Congratulations! (Score:5, Funny)
Hey - we don't know if he is a guy. Her could be a girl. Or a dog. Or a AI. Who knows?
tnk1 is a guy's name.