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Tesla Motors pays off Department of Energy advanced technology loan
Tesla Motors pays off Department of Energy advanced technology loan

Upstart electric car maker Tesla Motors on Wednesday paid off a Department Energy loan that had become a political hot potato. Tesla owed the federal government $451.8 million on a loan that was part of a special program to develop alternative fuel vehicles and renewable energy sources.  Paying off the loan “is pragmatic as well as symbolic,” said Jeremy Anwyl, vice chairman of auto information company Edmunds.com. “There is a nice party going on on Wall Street right now. Tesla is participating. They would be crazy not to pay off the loan,” Anwyl said. Tesla has raised about $900 million this month in stock and debt offering deals and is expected to raise...

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