Tesla Motors has paid off its $465 million loans several years before required completion. Dealer groups fighting Tesla in court and state legislatures are not going to be cheering for Teslas stock price increase and loan payoff.
But in context of the bad news like the Solyndra bankruptcy and Fisker Automotives likely bankruptcy, its been a relief to hear about it.
Its good to keep it all in context Ford has been the largest recipient of DOE loans given $6 billion to retool several facilities in US to build electric and hybrid vehicles.
At end of the day, DOE loans are taking some big risks. These new clean energy technologies are typically unable to find private investors due to high technology risks.
Occasionally the investments do pay off and private investors step in and take over, similar to how the internet was initially started and mushroomed.
Click here to read more about whats going on with these public investments and role that Warren Buffet and Berkshire Hathaway have played.
The Article How Are High-Risk New Technology Loans Going for Feds? appeared first on Automotive Digest.