Tesla move puts takeover closer

Loan paid, but carmaker’s CEO says deal still distant

Posted: June 25, 2013 at 3:17 a.m.

Tesla shareholders look at a Model S sedan after the Tesla Motors Inc. annual meeting in Mountain View, Calif., on June 4.

Tesla Motors Inc., a long speculated takeover target, just removed a barrier to a deal by paying off a U.S. government loan. The problem for would-be suitors is it has also become the world’s most expensive car maker.

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Business, Pages 21 on 06/25/2013