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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (717115)5/22/2013 8:24:48 PM
From: bentway1 Recommendation  Read Replies (2) of 1584048
 
Less than four years after borrowing $465 million from the government, Tesla has become the first automaker to repay its loan under the Energy Department's Advanced Technology Vehicle Manufacturing program.

In a statement issued after the money had been wired, 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."

The payment of nearly half a billion dollars was made possible in large part by Tesla's raising more than $1 billion with a stock and debt offering last week.
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