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Tesla stock offering to pay off DOE loan early
Posted By -NO AUTHOR- On 05/16/2013 @ 11:50 pm In Money | No Comments
(OilPrice) Tesla looks set to become one of the few high profile companies backed by the government as part of the Department of Energy’s loan program for clean tech companies, that actually succeeds. Solyndra was the most famous failure, but recently Fisker, another electric car maker, has ventured close to bankruptcy, failing to pay the first installment on its $192 million government loan.
Just one week ago Tesla astounded the market by announcing its first ever profits and absolutely blitzing all analyst predictions for first quarter earnings and revenue. The success was led by incredible sales figures for the all-electric Model S luxury sedan, which saw 4,900 deliveries made against an expected 400.
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