Tesla Motors, an electric car making company – which originally inspired from the free energy genius Nikola Telsa-, is releasing their first very highly anticipated product, the Model S. Not only a sleek beautiful design, electricity based, and a 15” by 30” touch screen control system, but the company has also paid off its massive loans 9 years early.
These loans averaged to about $451.8 million, and came from the Department of Energy, from the feds and the American taxpayers, which CEO Elon Musk (as pictured above) proudly announced in a press conference recently. Not only had that but the Model S received a stock offering of $1 billion as well. To say the least, Tesla is doing well.
As a self-pronounced car fanatic, and a fan of new and
innovative technologies I am very excited about the Model S. Although other new
inspiring electric cars have been dropping, like the Solyndra and Fisker, Tesla
has some off the most exciting attributes as a work of art, and the most
promising financial figures that I have looked at.
Of
course you may ask about the price. The Model S has been selling at $57,000 on
the marketplace. Now the price may be out of most people’s price range and that
is totally understandable. Tesla is in the process releasing a EV model available
to the mass-market. The only issue is time. We’ll have to wait three to four
years before we see the car on the marketplace. If you’re looking for a
attractive car which both looks good in the environment and is good for the
environment keep all senses open for new updates!
Tesla
Pays Off All $465M in Federal Loans 9 Years Early
By Damon
Lavrinc
05.22.13
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