Tesla repays federal loan nearly 10 years early (companies, dollars, good news)
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Tesla Motors announced Wednesday that it has repaid a $465 million loan from the government nearly a decade before it was scheduled to do so.
The electric-car maker received the loan from the Department of Energy in January 2010, and it made its first payment this past December. That began what was supposed to be a 10-year repayment program, but plans have changed.
The CEO of GM had the balls to do a TV ad stating that GM paid back every penny.....he forgot about the $50 BILLION they still owed!
This is what we get when we get fed so many lies from the government and those the government gave prefferential treatment to.
Even if this is 100% true it's not going to be taken as a good reason for what was done because of the doubt that it's legit and above board because of all of the past lies.
TARP was loans, looks like youre the one who doesnt know the difference.
A company that is worth a tinkersdamn wouldn't have to look to the government for a loan.
There are reasons why private lending institutions won't loan money to car companies that are a shaky foundation. The only reason GM was saved was to insure labor unions were sustained to vote for The One.
Tesla Motors announced Wednesday that it has repaid a $465 million loan from the government nearly a decade before it was scheduled to do so.
The electric-car maker received the loan from the Department of Energy in January 2010, and it made its first payment this past December. That began what was supposed to be a 10-year repayment program, but plans have changed.
The Tesla S roadster scored 99/100 in the Consumer Reports tests too, tied for best ever:
Best or worst, they are not entitled to $465 million dollars of american worker money.
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