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From Electrek: Tesla is buying back over $200 million worth of Solar Bonds early with...

Discussion in 'News from Electrek.co' started by RSSFeed, Apr 14, 2017.

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    Sep 28, 2016
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    Tesla is buying back over $200 million worth of Solar Bonds early with interest, mostly from Elon Musk and SpaceX


    SolarCity launched a Solar Bond Program in 2014. It was presented as an interesting way for people to invest in solar with minimum cost requirements and without having to install panels on their roof. Elon Musk himself, his cousins ans SolarCity co-founders Lyndon and Peter Rive, and Musk’s rocket company, SpaceX, ended up being the biggest buyers of the program.

    Now we learn that Tesla is discharging its solar bonds ahead of the maturity date and paying back all the principal with interests for the life of the bonds. more…

    Filed under: Electrek [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG][​IMG]

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