Bam!

Congratulations to +Elon Musk and the Department of Energy as +Tesla Motors pays back their loan nine years early.

#electriccars  

Tesla Repays Department of Energy Loan Nine Years Early | Press Releases | Tesla Motors
May 22, 2013 PALO ALTO, Calif.– Tesla Motors announced that it has paid off the entire loan awarded to the company by the Department of Energy in 2010. In addition to payments made in 2012 and Q1 2013, today’s wire of almost half a billion dollars ($451.8M) repays the full loan facility with interest.