Engadget RSS Feed http://www.engadget.com Engadget http://www.blogsmithmedia.com/www.engadget.com/media/feedlogo.gif Engadget http://www.engadget.com en-us Copyright 2013 AOL Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/ <![CDATA[Tesla Motors repays Department of Energy loan nine years early]]> http://www.engadget.com/2013/05/22/tesla-motors-repaid-doe-loan/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget http://www.engadget.com/2013/05/22/tesla-motors-repaid-doe-loan/ http://www.engadget.com/2013/05/22/tesla-motors-repaid-doe-loan/?utm_source=Feed_Classic&utm_medium=feed&utm_campaign=Engadget#comments

With a wire transfer of $451.8 million, Elon Musk has finally made good on his promise to repay the hefty loan Tesla received from the Department of Energy well ahead of its 2022 due date, beating even Musk's own five-year estimate. This comes on the heels of a very profitable first quarter, and is yet another sign the electric car maker is doing quite well on the greener side of things, despite a touch of bad press earlier this year. For more on what Tesla has to say about this milestone, check the press release after the break.

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