Tesla Repays Federal Loan Nearly 10 Years Early

Chris Isidore, reporting for CNN Money:

Tesla Motors announced Wednesday that it has repaid a $465 million loan from the government nearly a decade before it was scheduled to do so.

The electric-car maker received the loan from the Department of Energy in January 2010, and it made its first payment this past December. That began what was supposed to be a 10-year repayment program, but plans have changed.

★ Thursday, 23 May 2013