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Tesla CEO vows to pay off DOE loan early

Published on NewsOK Modified: February 26, 2013 at 6:16 pm •  Published: February 26, 2013

Musk accused the newspaper of faking results of an East Coast road test and traded shots with the paper and its reporter for more than a week on Twitter and in blogs. The Times said the test was an honest account of what happened on the drive.

Tesla received a DOE loan in 2010 under a program similar to the one that benefitted Solyndra. The first payment was due late last year, with final payment in 2022. A company spokeswoman said Tesla hopes to pay off the loan by 2017.

The company made its first payment of nearly $13 million in December. A second payment is due in March.


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