Musk to DoE: I Hope We Did You Proud, Sarah Palin will have to eat crow, labeled a “loser” by Mitt Romney during the U.S. election, Chrysler-sour-grapes, +more % Even NYT did not Broder the fact %
http://autos.yahoo.com/blogs/motoramic/tesla-pays-off-465-million-u-loan-nine-205944132.html [imageS] Tesla pays off $465 million U.S. loan nine years early By Justin Hyde 5/22/2013 [imageS / Reuters http://l1.yimg.com/bt/api/res/1.2/MdiR.C47awyCc.0DylmDgw--/YXBwaWQ9eW5ld3M7cT04NTt3PTYzMA--/http://media.zenfs.com/en-US/blogs/motoramic/elonmuskreut.jpg Elon Musk may not be Tony Stark, but he's doing a credible impersonation of Lee Iacocca http://autos.yahoo.com/photos/tesla-model-s-slideshow/ Slideshow ] The co-founder of Tesla Motors set another milestone for his electric car company today by making a final $451.8 million payment on the $465 million loan from the U.S. government — nine years earlier than scheduled. The massive payment came courtesy of a stock offering last week that raised $1 billion for the California automaker, made possible after it revealed its first quarterly profit. The move makes Tesla the only automaker to have paid back its Department of Energy loan in full — yet another talking point for Musk's EV drive. Now comes the hard part. It's fair to point out that other automakers received far larger loans from the Advanced Technology Vehicle Manufacturing program; Ford borrowed $5.9 billion, while Nissan took $1.4 billion, both for modernizing plants and vehicles to build hybrid and electric vehicles. It's equally fair to note both have far more resources than Tesla to pay back those loans and attempt to reap a similar victory lap to the one Iacocca made after paying off Chrysler's bailout early in 1983. Tesla's pay-off marks a rare bit of good news for the Department of Energy program, which has seen its loans to Fisker and an Indiana start-up end in shuttered companies. When it was made in 2010, the loan gave Tesla credibility among private investors, something rival EV startups which couldn't get such backing were never able to generate. “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,” Musk said in a statement. “I hope we did you proud.” Whatever goodwill Musk can generate from paying the loan early will be needed on the hard road ahead; fighting to sell Teslas without dealers, raising revenues to make up for EV credits that added more than $60 million in the first quarter and developing the Model X SUV due late in 2014 and other models. Musk has already warned that Tesla won't make a profit this quarter, and other luxury automakers have begun to take note of his success. Running an automaker is like managing a nuclear reactor; it's a powerful machine at full strength, but a few small mistakes can lead to a meltdown. Just ask Lee Iacocca. [© 2013 Motoramic] [© 2013 Yahoo!] http://www.businessweek.com/news/2013-05-22/tesla-repaying-romney-s-loan-for-losers-gives-obama-green-win Tesla First to Repay Obama Electric-Car Loan After Failures 5/22/2013 Tesla Motors, labeled a “loser” by Mitt Romney during the U.S. election, is giving President Barack Obama’s green-energy strategy its biggest win after almost two years of failures pounced upon by Republicans ... http://www.webpronews.com/tesla-465-million-palin-criticized-loan-paid-off-2013-05 Tesla: $465 Million Palin-Criticized Loan Paid Off 5/22/2013 ... Palin had used the loan as an example of “crony capitalism” by the Obama administration and called Tesla a “loser,” despite the fact that the loan program had been signed into law by former Republican President George W. Bush. Now it appears that Sarah Palin will have to eat crow, as Tesla has repaid the entire government loan nine years early ... http://www.forbes.com/sites/joannmuller/2013/05/22/tesla-ceo-on-repaying-taxpayer-loan-i-hope-we-did-you-proud/ Tesla CEO On Repaying Taxpayer Loan: I Hope We Did You Proud 5/22/2013 Electric car-maker Tesla Motors Tesla Motors wired almost half a billion dollars to the U.S. government on Wednesday, erasing the remaining balance on its ... http://www.wral.com/investors-help-tesla-repay-a-465-million-federal-loan-early/12476183/ INVESTORS HELP TESLA REPAY A $465 MILLION FEDERAL ... 5/22/2013 Electric car enthusiasts have rushed to buy its main product, the Model S, a high-priced luxury sedan. Tesla also has plenty of fans in the markets, where ... http://dealbook.nytimes.com/2013/05/22/tesla-repays-465-million-government-loan-early/ In a Plus for Electrics, Tesla Repays a Big Federal Loan Early 5/22/2013 The company, using money it raised last week in the markets, is repaying the government nine years before its loan was due. http://www.detroitnews.com/article/20130522/AUTO0101/305220440/1361/Tesla--Chrysler-spar-over-loan-repayment Tesla, Chrysler spar over loan repayment 5/22/2013 Washington — Electric vehicle start-up Tesla Motors Inc. sparked a war of words with Chrysler Group LLC on Wednesday after Tesla said it was the "only ... http://www.wral.com/investors-help-tesla-repay-a-465-million-federal-loan-early/12476021/ INVESTORS HELP TESLA REPAY A $465 MILLION FEDERAL ... 5/22/2013 Electric car enthusiasts have rushed to buy its main product, the Model S, a high-priced luxury sedan. Tesla also has plenty of fans in the markets, where ... http://www.theoaklandpress.com/articles/2013/05/22/news/35c580b3-9084-457d-ae12-54916c13aac0.txt Tesla Motors fully repays $465 million federal loan nine years early 5/22/2013 ... for the Obama Administration and clean-energy firms, electric vehicle maker ... energy and other projects, but Tesla is the only United States car company in ... http://seattletimes.com/html/businesstechnology/2021037469_teslarepaidloanxml.html Tesla pays off government loan of $465M early 5/22/2013 Tesla Motors, which makes a highly acclaimed $70,000 electric car, has paid off a startup loan from the U.S. government nine years early. The Palo Alto, Calif., ... http://www.nasdaq.com/article/tesla-motors-repays-465-mln-federal-loan-nine-years-early-20130522-00995 Tesla Motors Repays $465 Mln Federal Loan Nine Years Early 5/22/2013 (RTTNews.com) - Electric car maker Tesla ... said Wednesday that it has paid off the entire $465 million loan awarded to the company by the ... http://news.gnom.es/news/tesla-pays-off-its-465-million-loser-loan Tesla Pays Off Its $465 Million 'Loser' Loan 5/22/2013 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 ... http://www.flesheatingzipper.com/tech/2013/05/tesla-pays-back-452m-loan-nearly-a-decade-early-justifies-government-investment/ Tesla Pays Back $452M Loan Nearly A Decade Early, Justifies ... 5/22/2013 Purely electric vehicles are still expensive, early going and not terribly practical ... Another electric vehicle maker, Fisker, closed up shop earlier this year after a ... http://www.moneynews.com/Companies/Electric-Car-Maker-Tesla/2013/05/22/id/505930 Electric Car Maker Tesla Pays Off US Loan 5/22/2013 Electric car maker Tesla Motors Inc. on Wednesday paid off its U.S. Department of Energy loan nine years earlier than required, using money raised last week in ... http://www.greenbaypressgazette.com/usatoday/article/2351945 Tesla pays off its $451 milllion federal loan 5/22/2013 Electric car maker Tesla Motors, in a move that is sure to buoy both the company and the Obama administration, announced Wednesday that it has paid off its ... http://online.wsj.com/article/SB10001424127887324659404578499531117533940.html Electric Car Startup Tesla Repays US Loan 5/22/2013 Luxury electric-car maker Tesla Motors Inc. said on Wednesday it has fully repaid a $452 million federal loan it received in 2010, and said it would be able to ... http://www.paloaltoonline.com/news/show_story.php?id=29720 Tesla repays federal loan nine years early 5/22/2013 The Palo Alto electric-car company made sure to note that with the $451.8 million repayment it became the "only American car company to have fully repaid the ... http://news.investors.com/technology/052213-657258-tesla-motors-pays-doe-loan-early-and-issues-stock.htm Tesla Motors Pays Back $452 Million Energy Loan Early 5/22/2013 Luxury electric car maker Tesla Motors paid back its entire $451.8 million Department of Energy loan early as it wrapped up a public stock and bond ... http://www.inquisitr.com/671949/tesla-repays-465-million-federal-loan-nine-years-early/ Tesla Repays $465 Million Federal Loan Nine Years Early 5/22/2013 Some companies, like Solyndra and electric car maker Fisker, have failed to pay back their loans. As of today, Tesla Motors is the only company to fully repay ... http://www.theverge.com/2013/5/22/4356860/tesla-repays-465-million-government-green-energy-loan Tesla repays $465 million government green energy loan ahead of ... 5/22/2013 As part of the program, Tesla was given nearly half a billion dollars to develop its electric cars. It was slated to pay back the loans by 2022, but CEO Elon Musk ... http://www.trust.org/item/20130522215003-y9sz7/ Electric carmaker Tesla pays off U.S. loan 5/22/2013 The DOE's $465 million loan, received in 2010, allowed Tesla to open its plant in Fremont, California, and build the Model S electric car, which recently received ... http://www.4-traders.com/news/Tesla-Motors-Inc-Tesla-Repays-Department-of-Energy-Loan-Nine-Years-Early--16903041/ TESLA MOTORS INC. : Tesla Repays Department of Energy Loan ... 5/22/2013 Tesla Motors' goal is to accelerate the world's transition to electric mobility with a full range of increasingly affordable electric cars. http://stream.wsj.com/story/latest-headlines/SS-2-63399/SS-2-238460/ Tesla Repays US Loan 5/22/2013 Luxury electric car maker Tesla Motors Inc. said on Wednesday it has fully repaid a $452 million federal loan it received in 2010 through a program that has ... http://www.jsonline.com/business/national/tesla-uses-stock-note-sale-to-repay-government26e0bfdb5aa14e42a73f334ecf7da73d-208548651.html Tesla uses stock, note sale to repay government 5/22/2013 DETROIT (AP) Tesla Motors, which makes a highly acclaimed $70,000 electric car, has paid off a startup loan from the U.S. government nine years early. http://www.elp.com/articles/2013/05/tesla-motors-repays-doe-loan-back-with--451-8-million-cash-payme.html Tesla Motors repays DOE loan back with $451.8 million cash payment 5/22/2013 U.S. electric vehicle maker Telsa Motors has paid back its 2010 loan awarded by the Department of Energy. Following payments made in 2012 and earlier in ... For all EVLN posts use: http://electric-vehicle-discussion-list.413529.n4.nabble.com/template/NamlServlet.jtp?macro=search_page&node=413529&query=evln&sort=date Here are today's archive-only EV posts: EVLN: $22k i-MiEV is like a quirky-looking anime character r:62mi EVLN: UK insurance gives an EV discount EVLN: Renault joins Formula-E bandwagon EVLN: It's sexy, glowing, and it's Electric + EVLN: Smart’s gasless ‘ED’, First Drive {brucedp.150m.com} -- View this message in context: http://electric-vehicle-discussion-list.413529.n4.nabble.com/EVLN-Tesla-pays-off-465-million-U-S-loan-nine-years-early-tp4663156.html Sent from the Electric Vehicle Discussion List mailing list archive at Nabble.com. _______________________________________________ UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub http://lists.evdl.org/listinfo.cgi/ev-evdl.org For EV drag racing discussion, please use NEDRA (http://groups.yahoo.com/group/NEDRA)
