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Tesla pays off its government loans

Tesla paid off the last of its $465 million government loans May 22, nine years ahead of schedule, thus outperforming most U.S. college graduates and the vast majority of American homeowners. Tesla used funds from a stock offering to finish the loan with a whopping bank transfer of $451.8 million Wednesday, pointing out that it was “…the only American car company to have fully repaid the government.” Apparently no one at Tesla was even born when Lee Iacocca paid off Chrysler's $1.2-billion government bailout ahead of schedule back in 1983.

One Lap of the Web: Happy birthday, John DeLorean, a legally imported Nissan Skyline, Amphicar for sale and the Righini Collection

-- Bust out the candles: American success story, visionary futurist and import/export whiz John DeLorean was born this day in 1925. Everyone knows about his battle to launch the DeLorean Motor Company, but the man behind the stainless-steel legend had a long career as a brilliant engineer that included time at Chrysler, Packard and General Motors. And while we might not all be driving DeLoreans today, we're still talking about both the man and the company -- which is pretty impressive when you think about it.

Gorden Wagener on how Mercedes is "moving from a traditional luxury brand to a modern luxury brand"

Mercedes' 'home' design studio in Sindelfingen, Germany is housed in an expansive 30,000-square meter building designed by Renzo Piano. The lobby is unassuming, but we're soon through into what Mercedes' grandly calls 'the Vision Room.' It's here that strategic meetings are held with the firm's board, and where we meet Gorden Wagener, Mercedes' head of design since 2008. It's in the Vision Room that Wagener convinced the Mercedes board of the merits of his overarching design philosophy: 'sensual purity'.