Tesla To Become The Only Loan Recipient To Repay Debt So Far

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.

mrcassis - 5/22/2013 1:11:48 PM

-2 Boost

C'mon you conservative nutcases. Lets find SOME way to spin this into a BAD thing to which Obama should be held accountable for!!!!!

vdiv - 5/22/2013 2:32:58 PM

+4 Boost

But of course it is a bad thing that Obama is accountable for! The buck stops with him, i.e. he is responsible for everything, right? With the loan Obama picked winners and losers and continues to do so with oppressive tax and environmental policies. Soon we will all be living like Europeans, giving up our Gods and guns, freezing to death, and stinking to high hell as there will be no more decadent showers to take.

Wait, I think I missed something...

vdiv - 5/22/2013 2:51:38 PM

-2 Boost

Bob, you know I was kidding, right?

bigrock - 5/24/2013 8:18:39 PM

-3 Boost

What about Chrysler? As far as I remember, they paid their loann off months ago!