Tesla Repays Department of Energy Loan Nine Years Early
teslamotors.com
Tesla Repays Department of Energy Loan Nine Years Early
1–10 of 192 posts
Re: Tesla Repays Department of Energy Loan Nine Years Early
#2Does anyone know if the DOE is able to recycle the funds back into loans for other electric vehicle manufacturers? If so, this may have been an extra smart move on Tesla's part because it could help competitors access capital and start investing in some of the shared technology behind electric cars and help bring the whole industry to scale.
Re: Tesla Repays Department of Energy Loan Nine Years Early
#3Does anyone know if the DOE is able to recycle the funds back into loans for other electric vehicle manufacturers? If so, this may have been an extra smart move on Tesla's part because it could help competitors access capital and start investing in some of the shared technology behind electric cars and help bring the whole industry to scale.
IIRC the DOE still has billions of electric vehicle loan money that they haven't awarded because there are no companies worthy of receiving it. They're also gun-shy about another Solyndra.
Re: Tesla Repays Department of Energy Loan Nine Years Early
#4The subtitle says: "ONLY AMERICAN CAR COMPANY TO HAVE PAID BACK GOVERNMENT"
Assuming that's true, I'm not sure whether I should be proud of Tesla, ashamed of our Government, or angered at other car companies. Probably all three...
Re: Tesla Repays Department of Energy Loan Nine Years Early
#5"This program is often confused with the financial bailouts provided to the then bankrupt GM and Chrysler, who were ineligible for the ATVM program, because a requirement of that program was good financial health."
"ONLY AMERICAN CAR COMPANY TO HAVE PAID BACK GOVERNMENT"
I'm not so sure Elon isn't writing his own copy.
Re: Tesla Repays Department of Energy Loan Nine Years Early
#6The subtitle says: "ONLY AMERICAN CAR COMPANY TO HAVE PAID BACK GOVERNMENT" Assuming that's true, I'm not sure whether I should be proud of Tesla, ashamed of our Government, or angered at other car companies. Probably all three...
What's the problem with companies paying back loans when they "need" to (i.e. when the loan comes to an end)?
Re: Tesla Repays Department of Energy Loan Nine Years Early
#7The subtitle says: "ONLY AMERICAN CAR COMPANY TO HAVE PAID BACK GOVERNMENT" Assuming that's true, I'm not sure whether I should be proud of Tesla, ashamed of our Government, or angered at other car companies. Probably all three...
What's the problem with companies paying back loans when they "need" to (i.e. when the loan comes to an end)?
more like to give an example?
Re: Tesla Repays Department of Energy Loan Nine Years Early
#8The subtitle says: "ONLY AMERICAN CAR COMPANY TO HAVE PAID BACK GOVERNMENT" Assuming that's true, I'm not sure whether I should be proud of Tesla, ashamed of our Government, or angered at other car companies. Probably all three...
I'm not an economist, but this is how I understand it. GM paid back it's debt in full, but it paid most of it back in stock. The US government has sold some of it, so it's gotten about half of it's bailout back in cash. But, it still has a ton of GM stock. It's selling the stock slowly to avoid disrupting the market.
That being said, the government needs to sell at something like $75/share to make their money back, but it's at $33 as I write this.
Source: http://www.fool.com/investing/general/2013/05/09/when-will-g...
Re: Tesla Repays Department of Energy Loan Nine Years Early
#9I own Tesla stock and I'm glad to see this. Tesla has been a highly politicized stock... largely because Mitt Romney and Sarah Palin called it a "loser." My hope is that this will help get rid of that stigma and help them with their image and political battle with dealerships in red states, like North Carolina and Texas. This also removes some strings attached to the DOE loan. For instance, Tesla could be acquired (although I find that unlikely).
Re: Tesla Repays Department of Energy Loan Nine Years Early
#10The subtitle says: "ONLY AMERICAN CAR COMPANY TO HAVE PAID BACK GOVERNMENT" Assuming that's true, I'm not sure whether I should be proud of Tesla, ashamed of our Government, or angered at other car companies. Probably all three...
I'm not an economist, but this is how I understand it. GM paid back it's debt in full, but it paid most of it back in stock. The US government has sold some of it, so it's gotten about half of it's bailout back in cash. But, it still has a ton of GM stock. It's selling the stock slowly to avoid disrupting the market. That being said, the government needs to sell at something like $75/share to make their money back, b…
This announcement doesn't really have anything to do with GM (or even apply to them) in anything but the "we gave them a loan" sense.
From the linked article:
"This program is often confused with the financial bailouts provided to the then bankrupt GM and Chrysler, who were ineligible for the ATVM program, because a requirement of that program was good financial health."