Friday, May 24, 2013

Lithium Drive: Elon Musk: Taxpayers made over $12 million profit on Tesla Motors loan TSLA


  Now we can tell for sure that the rumours about the death of electric cars are greatly exaggerated and they are here to stay. Tesla Model S is the best advertisement of the 21st century technology on the streets and now they are coming in numbers. For the first time consumers have the alternative without any compromise to the Oil based 19th century technology of controlled combustion under the hood.
  Tesla Motors has become the darling of the Wall Street recently and the money will sip through down the strategic commodities supply chain. Chinese companies are busy now to secure Lithium supply for the new technological revolution based on electric cars, which will allow personal mobility in the fast developing new world without suffocating itself with the pollution.

Lithium Drive - Tesla Motors' Success Gives Electric Car Market a Charge

"Tesla Model S success is the game changer for Electric Cars. Tesla Motors is flying high now and will return the loans to DOE after the equity raise. While everybody else is listening to the Shale Gas and Oil bonanza Chinese companies are busy grabbing lithium resources all over the world."

International Lithium Corp. Arranges Loan From Strategic Partner, Jiangxi Ganfeng Lithium Co. Ltd. ILC.v, TNR.v

Lithium Drive: Tesla Model s Surprising Success Consumer Reports' Best Car Ever Tested

Lithium to the Rescue - Pollution Levels in Beijing Extremely Hazardous

The Raw Story:

Elon Musk: Taxpayers made over $12 million profit on Tesla Motors loan

Tesla Motors CEO Elon Musk said Thursday that U.S. taxpayers made a substantial profit from a government loan provided to the all-electric carmaker.
“It really feels good to have repaid the U.S. taxpayer,” he told Bloomberg WEST. “That’s really what’s important here, and we didn’t just repay the principle, we actually repaid it with interest and a bonus payment. Ultimately, the U.S. taxpayer actually made a profit of over $12 million on this loan. So, in fact, for this loan at least, people’s tax bill actually went slightly down.”
Musk noted Tesla was “attacked a lot in certain quarters” for being awarded the $465 million loan from the U.S. Energy Department in 2010. Conservatives like presidential candidate Mitt Romney, former Alaska Gov. Sarah Palin and Fox Business host Lou Dobbs described the company as “losers.”
“I think it actually matters to some consumers out there whether a company does have a government debt,” Musk said. “Being able to say we’ve fully repaid that debt with interest I think is helpful to some number of people out there.”
Tesla announced Wednesday it had completely paid off the loan nine years earlier than required."

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