Loans from the Department of Energy seemed to be a great idea at the time, now they are a millstone one wants to get rid of.
“Given govt loan repayment this week (prob Wed), Supercharger update will be next week. Work continuing independent of announcement,” tweeted Tesla’s CEO Elon Musk today, right after other important announcements, such as “Petting zoo left a chicken behind at the park. Now we have a pet chicken.”
The tweet is a bit cryptic, so a Tesla spokeswoman had to tell Reuters that “Musk was referring to the full repayment of the DOE loan.” Last week, Tesla said it would use $452.4 million from a bond and stock offering to repay the balance of the loan with interest.
(In the video above – from March – you learn a little bit a about gaining – or losing – money from those tweets.)