Tesla Repays $465M Government Loan 9 Years Early
Electric carmaker Tesla has paid off its U.S. Department of Energy loan nine years earlier than required, using money raised last week in a stock and debt offering.
Electric carmaker Tesla has paid off its U.S. Department of Energy loan nine years earlier than required, using money raised last week in a stock and debt offering.
The global financial crisis helped slam the brakes on clean-tech dreams from electric cars to solar panels, but the roots of green energy's mid-life crisis run far deeper.
In the State of the Union address in January, President Barack Obama set a goal of getting 1 million electric cars on the road by 2015. Now he's proposed $7,500 rebates, instead of tax credits, to reach that goal. Will that be enough to make it doable?
A federal bankruptcy judge approved the $20 million sale of a 3.2 million-square-foot former GM plant in Wilmington, Del., to Fisker Automotive, a California-based plug-in electric vehicle start-up.
A newly energized GM is setting up a $100 million investment fund to bet on technologies that the automaker hopes will enable it to launch desirable, more fuel efficient cars -- and do so faster than its competitors.






