Tesla no longer owns the federal government a dime. On Wednesday the company announced it had repaid the outsanding balance of $451.8 million, with interest, on its 2009 Advanced Technology Vehicle Manufacturing loan from the Department of Defense. That means taxpayers earned a very, very small $12 million profit on the loan.
Tesla Is First Green Tech Company to Pay Back Its Department of Energy Loan
The Atlantic Wire - 22 May 2013 23:53
Tesla no longer owns the federal government a dime. On Wednesday the company announced it had repaid the outsanding balance of $451.8 million, with interest, on its 2009 Advanced Technology Vehicle Manufacturing loan from the Department of Defense. That means taxpayers earned a very, very small $12 million profit on the loan.
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