Elon Musk News
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U.S. stocks rallied for a fourth straight week, sending benchmark indexes to record highs, as data showing confidence improved among consumers and small businesses fueled optimism in the world’s largest economy.
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Updated 1 hour, 24 minutes ago
A gauge of U.S. corporate credit risk declined for the third time in four days as measures of consumer confidence and leading indicators climbed.
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Electric-car maker Tesla Motors Inc. sold $600 million of convertible notes to help repay a U.S. loan, tapping the bond market for the first time.
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Updated 1 hour, 23 minutes ago
Bill Gates is once again the world’s richest person.
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Updated 58 minutes ago
Tesla Motors Inc., the electric-car maker run by Elon Musk, surged as much as 12 percent on investor confidence in Musk’s plan to boost his stake in the company that’s selling as much as $830 million in shares and debt.
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U.S. stocks fell, ending four days of records for the Standard & Poor’s 500 Index, amid disappointing economic data and after a Federal Reserve official said the central bank may slow the pace of stimulus as early as this summer.
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Updated 1 hour, 21 minutes ago
SolarCity Corp., a solar-energy developer chaired by billionaire Elon Musk, won financing from Goldman Sachs Group Inc. for more than $500 million in rooftop solar systems that the company will complete this year.
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Updated 1 hour, 1 minute ago
Bears blindsided by Tesla Motors Inc. have been forced to buy $276 million worth of the automaker’s shares, pushing the company toward the biggest rally in the Russell 1000 Index this year.
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Updated 1 hour, 1 minute ago
Elon Musk was fresh off the sale of PayPal and starting another business, commercial rocket service Space Exploration Technologies Corp., when he met kindred spirit JB Straubel. Their shared belief that consumer electronics advances could be applied to more earthly modes of transport is a cornerstone of Tesla Motors Inc.
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Tesla Motors Inc.’s first quarterly profit, led by a surge in deliveries of the electric-car maker’s Model S, got an added bump from sales of California and U.S. environmental credits that generated 15 percent of revenue.
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