Luxury electric-car maker Tesla Motors said it fully repaid a $452 million federal loan and said it would be able to finance development of its next two vehicles without selling new shares.

Luxury electric car maker Tesla Motors (TSLA) paid back its entire $451.8 million Department of Energy loan early as it wrapped up a public stock and bond offering that could top a billion dollars. Tesla's offering of about 3.4 million shares of common stock and $600 million in convertible bonds closed Wednesday, the company said late Wednesday in an SEC ...

In a much-anticipated development, Tesla Motors said today that it had fully paid the government back for a $465 million loan it received in 2010 from the Department of Energy (DOE). The company announced it had wired $451 million to the government, which accounted for the entire loan and interest. Tesla founder Elon Musk said earlier this spring at a ...

With a wire transfer of $451.8 million, Elon Musk has finally made good on his promise to repay the hefty loan Tesla received from the Department of Energy well ahead of its 2022 due date, beating even Musk's own five-year estimate. This comes on the heels of a very profitable first quarter, and is yet another sign the electric car ...

The all electric car maker Tesla Motors has paid off a government loan early, making some of its most vocal critics look silly