Tesla Motors (TSLA) plans to repay $465M in Energy Department loans five years early in 2017,...

|About: Tesla Motors (TSLA)|By:, SA News Editor

Tesla Motors (TSLA) plans to repay $465M in Energy Department loans five years early in 2017, the company said yesterday in its annual report. Under new terms of the debt, warrants that Tesla issued to the government will vest in 2018 if the loans are not paid off, enabling Energy to purchase over 3M company shares at a discount.