Tesla pays back $451 million – nine years ahead of time

The electric car maker Tesla has said thank you very much for the loan to the US Government and repaid the entire $451.8 million loan – nine years ahead of the payment plan.

“Following this payment, Tesla will be the only American car company to have fully repaid the government,” Tesla said in a press release.

How’s that for rubbing the other car makers’ noses in it?

The news is likely to send Tesla’s stocks rising still higher, after the company has seen their market price double in the last 12 months.

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