“’Now, I like green energy as well, but that’s about 50 years’ worth of what oil and gas receives,’ Romney said.”
Hoo boy, that one’s gonna leave a mark! In one short statement, Romney put Obama under the microscope on the green energy issue, and deflated his issue about tax breaks for oil companies.
Nicely done.
Tesla previously said it would begin repaying loan principal in December, as required under the lending agreement. Its repayment schedule for interest on the loan began in February, according to last week’s filing.
One amendment to the loan repayment terms was a reduction in the amount of funds Tesla was required to hold in a repayment fund, Musk said yesterday.
“In discussions with the DOE, Tesla has never asked for or even hinted at postponing repayment of the loan,” he said.
“We did suggest that holding nine months’ worth of principal payments in advance in a reserved account was a bit extreme and, moreover, was never part of our original loan agreement,” Musk said. “The DOE agreed and reduced the advance payment reserve account to six months.” Source