Tesla Told to Speed Up U.S. Loan Repayment After Waiver to Terms
This article is for subscribers only.
Tesla Motors Inc., the startup electric car-maker that received $465 million in U.S. Energy Department loans, must come up with a speedier repayment schedule after getting a waiver on existing terms.
The Palo Alto, California-based company, led by billionaire Elon Musk, said yesterday in a U.S. regulatory filing that it has until Oct. 31 to submit a proposal for “early repayment” of loan principal to the Energy Department.