Tesla Pays Off Its $465 Million 'Loser' Loan

Tesla Motor associates work on the Model S electric car at the company's factory in Fremont, Calif. Photograph by David Paul Morris/Bloomberg

Elon Musk’s “Summer of Revenge Tour” continues. His electric-car company, Tesla Motors, just cut the government a $451.8 million check, which means that Tesla has paid off its entire Department of Energy loan plus interest. “Following this payment, Tesla will be the only American car company to have fully repaid the government,” the company boasted (emphasis Tesla’s).

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