It’s weird to see the big, red Tesla Motors “T” logo hanging from the side of a house or a building. But it’s the real deal. The company’s march from the automobile to the home, office, and factory has begun.
Asian stocks fell, with the equity gauge excluding Japan posting its first drop in eight days, as signs the U.S. economy is strengthening fueled speculation that the Federal Reserve will soon start tapering stimulus.
Japanese stocks rose, with the Nikkei 225 Stock Average climbing to an almost six-year high, as the yen fell to the lowest since May versus the dollar after data showed U.S. manufacturing unexpectedly accelerated last month.
Panasonic Corp. is in talks with automotive parts makers for possible acquisitions or alliances as Japan’s No. 2 television producer seeks to expand the components it delivers to vehicle manufacturers.
Tesla Motors Inc., under U.S. scrutiny for vehicle-fire risk, is seeking to head off a months- long investigation that could lead to expensive upgrades and longer-term damage to the image of electric cars.
Fisker Automotive Inc., whose $103,000 luxury hybrid car was driven by celebrities including Justin Bieber and Leonardo DiCaprio, filed for bankruptcy with plans to sell itself to Hybrid Tech Holdings LLC.