The loan payment was made today using a portion of the approximately $1 billion in funds raised in last week’s concurrent offerings of common stock and convertible senior notes. Elon Musk, Tesla’s Chief Executive Officer and cofounder, purchased $100 million of common equity, the least secure portion of the offering. “I would like to thank the Department of Energy and the members of Congress and their staffs that worked hard to create the ATVM program, and particularly the American taxpayer from whom these funds originate,” said Elon Musk. “I hope we did you proud.”

By Sam Marquit Sam Marquit Bio: (fmarquitv.tumblr.com) I am an entrepreneurial independent contractor and home renovation/remodeling expert in New York. I’ve made it a point to share with my readers a day in the life of sustainable building. Forecasting the possible application and implementation of new green building materials and technologies is just one small part of my effort to reduce everyone’s carbon footprint. From the Ritz-Carlton...

Prize Awarded Today at Ceremony in Washington, D.C. Edison2 takes home $5M; Li-ion Motors and X-Tracer receive $2.5M each.

New Facility in Livonia, Mich. Significantly Expands A123′s Production Capabilities to Meet Increasing Global Demand; Company Expects to Create Thousands of Jobs in Michigan

A123 Battery System to Power Navistar’s eStar Class 2c-3 All-Electric Truck

Silicon Valley factory will become the home of the Model S sedan