$ TSLA
Tesla paid off a $ 465 million loan from the US Department of Energy nine years earlier, and thus the company had to pay a "prepayment penalty." This was recently mentioned by CEO Elon Musk in a comment on Twitter.
Musk said Tesla's decision in Germany was in part due to the lessons the company learned from the United States. The CEO noted that the onerous loan terms ultimately exceeded the value of the money Tesla received. As such, the company decided to repay the $ 465 million loan ahead of schedule, even if it had to pay the "early repayment penalty."
An interesting decision, with whose money he paid this fine not with you and me (selling part of Tesla stocks)?
$ TSLA
Tesla paid off a $ 465 million loan from the US Department of Energy nine years earlier, and thus the company had to pay a "prepayment penalty." This was recently mentioned by CEO Elon Musk in a comment on Twitter.
Musk said Tesla's decision in Germany was in part due to the lessons the company learned from the United States. The CEO noted that the onerous loan terms ultimately exceeded the value of the money Tesla received. As such, the company decided to repay the $ 465 million loan ahead of schedule, even if it had to pay the "early repayment penalty."
An interesting decision, with whose money he paid this fine not with you and me (selling part of Tesla stocks)?