Tesla Motors Inc. 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.
The maker of the electric Model S car as early as today will become the first recipient of a U.S. Energy Department vehicle loan to pay off its debt. The Palo Alto, California-based company will do so nine years ahead of schedule, with taxpayers making at least $12 million on the $465 million lent.
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