They took out a $465M loan that was available to all car companies when G.W.
........
you sure they took out that loan on G.W’s watch?
The program was started and the money was made available under G.W., but Tesla took the money in 2010 when they needed it and qualified.
http://www.teslamotors.com/blog/early-repayment-tesla%E2%80%99s-atvm-loan