'Loser' Tesla Will Repay Government Loans Nine Years EarlyMatt Hardigree5/22/13 9:13amFiled to: The Morning ShiftTMSSergio MarchionneVin DieselFast And Furious SixTesla MotorsTeslaElon Musk882EditPromoteShare to KinjaToggle Conversation toolsGo to permalinkThis is The Morning Shift, our one-stop daily roundup of all the auto news that's actually important — all in one place at 9:00 AM. Or, you could spend all day waiting for other sites to parse it out to you one story at a time. Isn't your time more important?Advertisement1st Gear: Tesla Soon To Be No Longer In Debt To The Government Sometimes, you gotta call a "win" a "win." The green energy loan program started by President Bush and carried out by President Obama has seen its share of massive failures, but Tesla today became the first company to repay all of its U.S. Department of Energy loans, nine years ahead of schedule and with a net gain of $12 million to U.S. Taxpayers.What Tesla did, smartly, was squeeze out every dime to make a profit, watched their stock price soar, borrowed more money from Goldman Sachs. So, basically, Elon Musk has traded his debt held by the government to debt held by Goldman Sachs and has leveraged his other companies to do so.ShareTweet Kinja is in read-only mode. We are working to restore service.