Theodore O'neill News
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Tesla Motors Inc., the electric-car company led by Elon Musk, said it has produced its first 50 Model S luxury sedans and will accelerate output on a weekly basis to meet a target of delivering 5,000 this year.
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Tesla Motors Inc., the electric-car maker, fell 3.6 percent after a Wunderlich Securities Inc. analyst cut his rating to sell, saying the company probably will reduce third-quarter production of the Model S sedan. The company said it hasn’t altered its production schedule.
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MEMC Electronic Materials Inc., the semiconductor wafer maker that’s been unprofitable four of the past five quarters, may be unable to succeed where solar-panel companies such as Abound Solar Inc. and Solyndra LLC have failed, according to Moody’s Investors Service.
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U.S. renewable-energy subsidies in five states violate free-trade rules, China’s Ministry of Commerce said today.
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A123 Systems Inc., a U.S. maker of lithium-ion batteries for electric cars, fell the most in more than two weeks after saying it expects “significant” losses and is pursuing options to raise cash.
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China’s allegation that renewable- energy subsidies in five U.S. states violate free-trade rules ratchets up a potentially costly trade war between the world’s two largest economies.
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MEMC Electronic Materials Inc., the second-largest U.S. polysilicon maker, posted a first-quarter loss 20 times greater than a year earlier as solar sales declined by more than one-third.
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First Solar Inc., the largest thin- film panel maker, will cut 30 percent of its workforce, about 2,000 jobs, as demand in Europe slows faster than the company can expand in emerging markets in Asia. The shares surged.
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A123 Systems Inc., a U.S. maker of batteries for electric cars, fell the most in more than two years after its largest customer stopped work on a factory and an analyst downgraded its shares.
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Rob Gillette has left First Solar Inc. after almost doubling production capacity during the two years he ran the world’s biggest maker of thin-film solar panels.
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