Tesla Proves Critics Wrong

May 23, 2013
Originally published on May 24, 2013 12:54 pm
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NPR's business news begins with a big payback to the Fed.


GREENE: Three years ago President Obama's green energy loan program gave a $455 million federal loan to electric carmaker Tesla. Critics bashed the loan as risky. Yesterday, Tesla announced it had paid that loan back in full - and early. The company was one of five carmakers to get money into the program. Tesla was first to repay it. Transcript provided by NPR, Copyright NPR.