Tesla Aims to Repay Government by Wednesday

Tesla Aims to Repay Government by Wednesday

Elon Musk, Tesla’s ever enigmatic CEO, announced over Twitter that the company will likely repay its government debt by Wednesday, May 22. 

“Given govt loan repayment this week (prob Wed), Supercharger update will be next week. Work continuing independent of announcement,” Musk said through his Twitter account yesterday.

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A Tesla spokeswoman confirmed to Reuters that he was referring to repaying the Department of Energy loan.

Last week the company announced that it would use $452.4 million from a bond and stock offering to repay the loan in full with interest.

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