Print 68 comment(s) - last by jack daniels e.. on Mar 2 at 2:25 PM

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 Mint on 2/28/2013 7:07:13 PM , Rating: 2
Yeah it was such a big issue, they re-elected the guy who made the economy worst
Yeah, you go ahead and believe that. Not one person who thought Obama made the economy worse voted for him.
That's absolutely false. We're living proof that you cannot spend your way out of a bad economy. Did the stimulus work? Has anything worked? If you were right, the past 5 years of record spending would equal record prosperity and economic growth.
Why are you so dense? If a man bailing water keeps his boat afloat, would you say the bailing isn't working because his ship ran much better when he left the dock and wasn't bailing?
But there is good news, the GDP actually grew last quarter. By a tenth of a percent. I guess that's an affirmation, in your mind, of the big Gov approach you're shoveling.
Once AGAIN you're stuck living in the past. This economic environment is nothing like whatever time period you're comparing to in your head.

RE: Great photo
By Reclaimer77 on 2/28/2013 7:14:17 PM , Rating: 2
Okay I apparently cannot have a fiscal debate with you, because you've created your own economic theory where traditional metrics used to measure economic activity and health are "things of the past" now. Arbitrarily, because you said so. GDP is a thing of the past? That's...that's brilliant.

Good luck shoveling that when our economy collapses...

RE: Great photo
By Mint on 2/28/2013 7:44:59 PM , Rating: 2
If I said $2 gas is a thing of the past, that doesn't mean I think the traditional metric of dollars is a thing of the past, genius.

But if you want to show off your strawman construction ability, go ahead...

"We shipped it on Saturday. Then on Sunday, we rested." -- Steve Jobs on the iPad launch

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