Business
3:38 am
Thu May 23, 2013

Business News

Originally published on Fri May 24, 2013 11:54 am

Transcript

DAVID GREENE, HOST:

NPR's business news begins with a big payback to the Fed.

(SOUNDBITE OF MUSIC)

GREENE: 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. Transcript provided by NPR, Copyright NPR.