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Tesla cuts the repayment time on its DOE loan in half

Elon Musk promised Tesla cuts the repayment time on its DOE loan in half by Feb 26, 2018. It happened on time.

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“Tesla is going to cut the payment time in half of the loan”
— Elon Musk · Feb 26, 2013 · ARPA-E Energy Innovation Summit (February 26, 2013), video, ~00:33:01 00:33:01 ↗
Video: ARPA-E Energy Innovation Summit (February 26, 2013), video, ~00:33:01
▶ WATCH HIM SAY IT @ 00:33:01 — ARPA-E ENERGY INNOVATION SUMMIT (FEBRUARY 26, 2013), VIDEO, ~00:33:01
What actually happened

Tesla repaid its $465 million Department of Energy loan in full on May 22, 2013, nine years before it was due in 2022. Tesla: Tesla repays Department of Energy loan nine years early ↗

The Progression

Feb 26, 2013
The promise: “Tesla is going to cut the payment time in half of the loan” · ARPA-E Energy Innovation Summit (February 26, 2013), video, ~00:33:01 00:33:01 ↗
May 22, 2013
Delivered — on time. Tesla repaid its $465 million Department of Energy loan in full on May 22, 2013, nine years before it was due in 2022. Tesla: Tesla repays Department of Energy loan nine years early ↗
Today · Oct 12, 2026
Status: Delivered · on time. It happened.

At the February 2013 ARPA-E summit Elon Musk publicly committed to cutting Tesla's DOE loan repayment time in half. Tesla repaid the whole loan three months later.

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Receipts

LAST CHECKED 2026-10-12

Tesla’s record

Delivered
84
47% of resolved claims delivered.
Missed
94
Deadline passed, still no-show.
Still open
45
On the clock now. All 223 Tesla claims →

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