Tesla Motors inc. CEO Elon Musk has double-dare sworn that the electric car maker is not in financially troubled waters and that it will indeed soon make an advanced payment on what it owes to the U.S. government.

Musk says that the California-based company has drawn down the $465 million loan it had borrowed from the U.S. Department of Energy to build its Model S sedan. Moreover, the entire repayment agreement has been amended to allow Tesla to pay back a portion of the loan at a slower pace. Regarding Tesla’s alleged financial troubles, Musk said that the company is offering shares to raise $150 million.

The Obama administration has come under fire for making loans to companies such as Tesla, Fisker and Cylandra since, thus far the vast majority of the companies have either gone outright belly up or have failed to make a profit. However, Musk does not believe that Tesla deserves to be grouped in with losers such as Cylandra and Fisker since his operation is on track to becoming cash-positive by the end of November.

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