Wednesday, May 22, 2013

Chrysler to Tesla: Not So Fast, We Were the First to Repay Government Loan


After Audi, it's Chrysler's to turn its guns on Tesla, only this time, it's not about a sales report from a news agency, but it regards a press statement made by the maker of the battery-powered Model S.

On Wednesday, Tesla announced that it paid off in full a $465 million loan that the Energy Department made in 2010, nine years earlier than scheduled. In the statement, the California-based company also added, "Following this payment, Tesla will be the only American car company to have fully repaid the government."

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