Tesla Is Still Dependent on Government

Tesla Motors CEO Elon Musk is felling it. And with good reason. His startup electric-car company reported its first quarterly profit. The stock has gone nuts—in a good way. Tesla just raised $1 billion in new cash, which enabled it to repay, nine years ahead of schedule, the $465 million loan it took from the Department of Energy. Overall, it’s a great success story that has defied the many haters and critics.