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Musk only needs half the time given to pay loan

Electric vehicle maker Tesla received a loan from the U.S. Department of Energy to the tune of $465 million. The automaker has until the end of the decade pay off the loan, but CEO Elon Musk believes that Tesla will be able to pay off the entire loan in half the time.

The loan was granted to Tesla under the Advanced Technology Vehicles Manufacturing loan program and allowed the automaker to retool an automotive manufacturing plant in California. Tesla uses that plant to produce the Model S electric vehicle, and has recently stated that it will be able to produce 20,000 of the sedans during 2013.

President Obama and Elon Musk

Despite seeing a significant increase in revenue, the automaker lost nearly $90 million during the last quarter and lost approximately $400 million during all of 2012. This news sent Tesla shares downward last week.
Musk also got personally involved in a dustup with the New York Times over what he saw as an unfair and dishonest review of the Model S. According to Musk, the bad publicity cost the company $100 million.

Source: Technology Review

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RE: Great photo
By mjv.theory on 2/28/2013 12:24:57 PM , Rating: 2
What's like on your planet, where there are absolutely no other people?

Or perhaps you live on Earth as part of a human society, where, whether you like it or not, you are dependent on other members of society for pretty much everything you have. You presence on this forum is a clear proof that you are already part of the "collective". So analyse the reality of your situation more rigorously. It is not a matter of black shirts and red flags and the "free market" is a myth.

RE: Great photo
By Pirks on 2/28/2013 1:43:18 PM , Rating: 2
free market is a myth
Yeah, the Great Depression killed it for good in 1929, and good riddance! Reclaimer is too dumb to understand that tho...

"Google fired a shot heard 'round the world, and now a second American company has answered the call to defend the rights of the Chinese people." -- Rep. Christopher H. Smith (R-N.J.)

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