Tesla Motors has almost used up funds from a Department of Energy loan program – but the startup car maker also says that they’ll start paying back the money at the end of 2012.
Regulatory filings made by Tesla show that the company still has nearly $104.5 million in DOE money left over, and claims that deliveries of the Model S will begin in June. Tesla’s CFO told Automotive News that the money is earmarked for the company’s third quarter, with re-payments starting in December.
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