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June 10 -- Is Tesla a one-off triumph, or does it signal more successes with the nascent electric-car industry? Nine years ahead of schedule, Tesla paid off its entire $465 million government loan that the Energy Department awarded it in 2010. Supporters of clean energy are touting its achievements as evidence the government's loan-guarantee program can help nascent innovative technologies succeed. But other companies invested in the electric-car industry that have received federal dollars have not fared as well. They are Fisker Automotive and the company formerly called A123Systems (now B456 Systems), which have both received government support and have since gone bankrupt. >>View Article


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The American Council On Renewable Energy

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