Tesla May Repay Federal Loan This Week


  • 2013 Tesla Model S Picture

    2013 Tesla Model S Picture

    Tesla's federal loan helped to cover the cost of building the Tesla Model S. | May 21, 2013

Just the Facts:
  • In yet another milestone for the electric start-up, Tesla Motors CEO Elon Musk said the company may repay its U.S. Department of Energy loan as early as Wednesday.
  • Musk made the announcement in a Twitter message on Monday.
  • Musk also said another announcement about its Supercharger network would be coming next week.

PALO ALTO, California — In yet another milestone for the electric start-up, Tesla Motors CEO Elon Musk said the company may repay its U.S. Department of Energy loan as early as Wednesday.

Musk made the announcement in a Twitter message on Monday.

Musk also said another announcement about its Supercharger network would be coming next week.

"Given govt loan repayment this week (prob Wed), Supercharger update will be next week," Musk tweeted. "Work continuing independent of announcement."

Musk's tweets include official company announcements and what essentially are personal journal postings.

He also recently posted: "Petting zoo left a chicken behind at the park. Now we have a pet chicken."

Tesla has been on a winning streak as of late. Last week, the automaker said it would use $452.4 million from a bond and stock offering to repay the balance of the federal loan with interest. The loan helped to cover the cost of building the Tesla Model S.

Edmunds says: Tesla is on the brink of a major moment in its history.

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