Archive for May 24th, 2013

Tesla Loan Payoff No Boost for Stimulus


Friday May 24th, 2013   •   Posted by K. Lloyd Billingsley at 8:00am PST   •   5 Comments

Tesla Motors Inc. is paying back its government loan of $465 million in full, and nine years early. This is being billed as “a huge boost for the Obama administration and clean energy firms.” Actually it isn’t. It is customary to pay back loans in full, so that is hardly a news item, and...
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