Tesla Motors has done right by U.S. taxpayers. The fast-growing electric car company has repayed the entire $465 million loan it received from the U.S. Department of Energy, in a vindication for company co-founder Elon Musk, the billionaire...Show More Summary
Tesla, Elon Musk’s high-end electric car company, has had a very good quarter. It made a profit for the first time in history, it's set to pay taxpayers back for its $465 million government loan (with $12 million interest), and it's got a very, very positive review from Consumer Reports (a 99 out of 100; its performance was “off the charts”). Show More Summary
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.Show More Summary
Elon Musk's electric car start-up is the first to pay off its government loan under a program to promote green-car development.
Tesla Motors’s loan repayment is a bright spot for the DOE loan program. Tesla CEO Elon Musk hinted it would happen, and now it’s happened. Tesla, the electric car maker, has paid off the DOE loan that allowed it to build a factory and start building and selling its Model S electric car. Show More Summary
While the market remains focused on chasing every business run by Elon Musk, it continues to ignore huge cash flow generators such as Ocwen Financial Corp (NYSE:OCN). The company grew revenue by 147% during the first quarter of 2013 yet all indications are that the pipeline is loaded with further growth. The mortgage servicing sector [...]
Editor’s Note: Related tickers: Tesla Motors Inc (NASDAQ:TSLA), Ford Motor Company (NYSE:F), JPMorgan Chase & Co. (NYSE:JPM), Goldman Sachs Group, Inc. (NYSE:GS), Morgan Stanley (NYSE:MS) Tesla’s loan payback would give Obama a green-energy...Show More Summary
Tesla Motors is delaying an update on its Supercharger network until next week, CEO Elon Musk tweeted Monday. Musk said the announcement would be pushed back to make room for news that Tesla may repay its loan from the Department ofShow More Summary
Tesla Motors will probably repay its loan from the Department of Energy (DOE) Wednesday, nine years ahead of schedule, CEO Elon Musk announced on Twitter on Monday. Last week, Tesla announced it would take advantage of its soaring stock...Show More Summary
Would Apple really buy electric car startup Tesla Motors? “They do have a lot of cash,” noted Tesla CEO Elon Musk. Some suggest that Tesla would seem a logical vehicle to make the late Steve Jobs's vision of an Apple iCar become a reality.
An off-the-cuff remark by Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk about working with Google Inc (NASDAQ:GOOG) on a driverless car made headlines recently. The notion was quickly squashed by both Musk and Google Inc (NASDAQ:GOOG). Is Tesla Motors Inc (NASDAQ:TSLA)’s quick price advance over, too? News Tesla Motors Inc (NASDAQ:TSLA) shares have seen a heady advance over the [...]
If I were one of the Google Inc (NASDAQ:GOOG) co-founders or Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk, I’d certainly want to scoop up 19-year-old Romanian Ionut Budisteanu for my team. The high school student took top prize – the $75,000 Gordon E. Moore Award – last Friday at the Intel International Science and Engineering Fair in [...]
Tesla Motors CEO Elon Musk has said that it would repay the debt induced by the loan they received from the US government to develop electric vehicles early, and it appears this will be possible, with a bit of personal help from Elon. Show More Summary
(Reuters) - Tesla Motors Inc may repay its U.S. Department of Energy loan as early as Wednesday, Chief Executive Elon Musk said in a message on Twitter on Monday.
This is the season when we celebrate great financiers like Warren Buffett. But you don’t invest in the past. You invest in the future. Maybe we should be celebrating Elon Musk instead. The Fool’s Jason Hall calls what is happening with Musk’s stock “a bubble,” and on an absolute valuation basis, he’s right. But if you [...]
Elon Musk has decided to leave the immigration reform advocacy group FWD.us after it funded advertisements for senators supporting oil drilling in Alaska and the Keystone XL tar sands pipeline from Canada. The FWD.us group was founded...Show More Summary
SpaceX, the space vehicle company founded by Elon Musk, aka the CEO of Tesla, is constantly testing components for its space rockets. The piece undergoing testing here looks small, but it's actually big enough to fit a school bus inside. Read more...
SolarCity, the solar power utility venture backed by billionaire tech investor Elon Musk, has found itself a new financial backer with even more wealth at its disposal: Goldman Sachs. On Thursday, SolarCity announced that Goldman has...Show More Summary
Editor’s Note: Tesla Motors Inc (NASDAQ:TSLA) Tesla Plans to Raise Up to $1.08 Billion While Repaying U.S. (SFGate) Tesla Motors Inc (NASDAQ:TSLA), the electric-car maker run by Elon Musk, increased the size of its equity and debt offerings by 30 percent to as much as $1.08 billion to repay its U.S. loan and build up [...]
Tesla CEO Elon Musk has announced a way for the Tesla Model S to be recharged faster than a gas car can be refueled in a Twitter post last week. The company has been working on a battery-swapping feature to help relieve the range anxiety that many owners feel about their electric vehicles. The technique [...]