Tesla pays off $465M loan nine years early

American electric car company Tesla has taken endless criticism for relying on funding from the federal government, according to Bloomberg.

But now, Tesla has repaid the government, as Elon Musk's company wrote a $451.8 million check to close its $465 million loan, for which Sarah Palin called the company losers.

"Following this payment, Tesla will be the only car company to have fully repaid the government," the company wrote on its website.

And not only is it paid, it was paid nine years early. The loan repayment comes after a series of good news for Tesla, including its first-ever profit and sales predictions much higher than they initially guessed. Shares have risen from $25.52 to $87.24 this year.