Good for (Electric) Business: Tesla Repays Govt Loan

Thursday, 23 May 2013 | by Pat's Picks

The New York Times makes a big deal of Tesla’s decision to repay its federal loan. The paper says it’s a sign that the electric car business is getting on its feet. Tesla was able to repay its loan nine years before it was due, a boon to the Obama administration, whose clean-energy initiatives took a hit when solar-panel maker Solyndra bit the dust. Note: Tesla customers will still receive a $7,500 tax credit, which drops the purchase price for a Model S to $62,400.

SOURCE: New York Times