Tesla repays $465 million loan nine years early
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The original loan stood at $465 million, though with Tesla’s latest repayment, plus two previous payments made in 2012 and in the first quarter of this year, the government has received the original amount loaned to Tesla [NSDQ:TSLA] plus some interest.
The final loan repayment was made using a portion of the automaker's approximate $1 billion in funds raised during last week’s concurrent offerings of common stock and convertible senior notes.
3:22 PM May 23 2013