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Elon Musk says Tesla will repay Department of Energy loan well before 2022 due date
Tesla's CEO, Elon Musk, has been the focus of many headlines lately due to a certain, well-documented kerfuffle with The New York Times. Today, however, the automotive company's chief isn't questioning any reviews. Instead, he's taken to the Advanced Research Projects Agency for Energy summit to share his belief that Tesla Motors will pay off that $465 million loan from the US Department of Energy well ahead of when it's expected to -- in five years, rather than ten, to be precise. Musk's comments shouldn't come as a surprise, however, given that the Model S maker has been paying its DOE-borrowed cash on time and before the deadlines -- something it's been able to accomplish despite being far from a money-making machine at the moment. For the Department of Energy, meanwhile, this all sounds like music to the ears, especially since it knows that not all EVs always work out as planned.
Fisker's Project Nina exposed ahead of New York Auto Show debut
An unreleased gadget is pretty easy to conceal, but an upcoming automobile? Not so much. Thanks to some quick reflexes, you're looking at the first spy shots of Fisker's second and smaller plug-in hybrid sedan, heretofore known as Project Nina. Last we heard, the BMW-powered auto had been put on life-support, as the remainder of the company's DOE loan evaporated as it failed to meet timely deadlines in bringing its first EV, the Karma, to market. That could mean the above is a mere concept designed to woo potential investors -- but with less than a week before its supposed New York auto show debut, it won't be long until we know for sure. Until then, ogle at more eye candy of the beaut over at Autoblog in the source link below.
