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less than a year ago a candidate for president held Tesla up as one of the losers the Obama administration invested in
So remember, this Tesla repayment is 100% Obama's fault. :)
 

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So does anyone think the US will take that money an pay it toward where ever they borrowed it from to loan to Tesla or jus t go ahead and hand it over to some foreign country that can't stand us anyway?..just asking..
 

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That's like $1.50 for every USA citizen (and .25 for each illegal). Way to go - I'm glad to see the loan paid back and Palin and Romney put in her place for calling Tesla a loser company.
 

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So does anyone think the US will take that money an pay it toward where ever they borrowed it from to loan to Tesla or jus t go ahead and hand it over to some foreign country that can't stand us anyway?..just asking..
What does this have to do with Tesla paying off the loan?
 

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:pNote: Loan to Tesla was given by DOE in 2010 as part of the Advanced Vehicle Manufacturing Program signed by then President George W. Bush in 2008.
 

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:pNote: Loan to Tesla was given by DOE in 2010 as part of the Advanced Vehicle Manufacturing Program signed by then President George W. Bush in 2008.
Bush seems to be implicated in tesla and volt products being created. Hmmm. Darn coal cars. Halliburton must run the coal mines.
 

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Boner has slipped into his solar-powered out building, done his research, recycled the result and voila! Boner does stand-up in the local nursing home. His wind-powered bed pan is a must see!
 

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Bush seems to be implicated in tesla and volt products being created. Hmmm. Darn coal cars. Halliburton must run the coal mines.
No...think KOCH Brothers...:rolleyes:
 

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Don't get too excited

Good news for Tesla, but don't get too excited. Paying back the loan was more about selling stock, not selling cars.

By the way, Ford's debt is all private, they didn't borrow from the government.
 

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By the way, Ford's debt is all private, they didn't borrow from the government.
"Of the five car companies that received loans from the program, including Ford Motor Co. and Nissan North America, Tesla is the first to pay the money back."
http://www.sfgate.com/business/article/Tesla-a-success-for-federal-loan-program-4540464.php

"Automotive blog Jalopnik broke down which automotive lending companies got the most help, and leading the way was Ford Credit, which borrowed $15.9 billion."
http://blogs.cars.com/kickingtires/2010/12/report-ford-took-federal-funds-too.html

"Ford did receive $5.9 billion in government loans in 2009 to retool its manufacturing plants to produce more fuel-efficient cars, and the company lobbied for and benefited from the cash-for-clunkers program — contrary to the ad’s testimonial that Ford is “standing on their own.”
http://www.factcheck.org/2011/09/ford-motor-co-does-u-turn-on-bailouts/

Can you say, "Federal Motors"?
 

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Good news for Tesla, but don't get too excited. Paying back the loan was more about selling stock, not selling cars.

By the way, Ford's debt is all private, they didn't borrow from the government.
As Steve already mentioned, Ford did receive a federally guaranteed loan. They did not receive a TARP bail out loan, but then again, neither did Tesla.

The REASON Tesla could pay off the loan was indeed due to a public offering as well as an offering of public debt.
The reason this was possible was because there were investors willing to spend the money to get shares at $92.24.
This actually was stunning as normally when companies offer a new public offering it is at a discount. Tesla sold shares within a penny of the stock price.
They could do this because of the success they have had, and the Shorts who let emotion (hate of anything EV) make their investment decisions.
 

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IMO GM and Chrysler need to shut up until they pay back the senior bondholders par plus interest for the bonds that got screwed over during the bailout in favor of politically-connected subordinated issues. AFAIK Tesla has done no such thing, and has cost the taxpayer $0 (aside from possible opportunity costs which, given the interest rate env of the last few years, are minimal to negative).
 
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