DAVID GREENE, HOST: NPR's business news begins with a big payback to the Fed.</s>DAVID GREENE, HOST: Three years ago President Obama's green energy loan program gave a $455 million federal loan to electric carmaker Tesla. Critics bashed the loan as risky. Yesterday, Tesla announced it had paid that loan back in full - and early. The company was one of five carmakers to get money into the program. Tesla was first to repay it.
Three years ago President Obama's green energy loan program gave a $455 million federal loan to electric car maker Tesla. Critics bashed the loan as risky. On Wednesday, Tesla announced it had paid that loan back in full – and early.