There's one more reason to repay the loan early: it prevents the US from exercising 3M stock warrants worth about $250M. The fund raising also allowed Elon to

There's one more reason to repay the loan early: it prevents the US from exercising 3M stock warrants worth about $250M. The fund raising also allowed Elon to borrow money against his other holdings to purchase more Tesla stock off the open market. Agreed that sustainable profitability is an open question: because Tesla knew they would be raising more money after their first profitable quarter, they could pull put all the stops for maximum profitability, and go back to spending more once the round was in the bank. Will that happen? Unclear. But when you raise money you usually spend it.