Free Republic

Tesla Inc. is as big as peak Ford Motor Co., with the Silicon Valley electric-car maker stock poised to hit another record on Tuesday. Tesla TSLA, +2.73% shares traded as high as $462.06, up more than 1% from Monday’s record close, the latest in a series of ever-climbing notches that stretch back to mid-December.

(Reuters) - The “great majority” of solar cells being produced at Tesla Inc’s factory in upstate New York are being sold overseas instead of being used in the company’s trademark “Solar Roof” as originally intended, according to documents reviewed by Reuters. The exporting underscores the depth of Tesla’s troubles in the U.S. solar business, which the electric car maker entered in 2016 with its controversial $2.6 billion purchase of SolarCity. Tesla has only sporadically purchased solar cells produced by its partner in the factory, Panasonic Corp, according to a Buffalo solar factory employee speaking on condition of anonymity. The rest...

Chief executive Elon Musk announced the firm would build batteries that store solar energy and serve as a back-up system for consumers during blackouts. The device would allow consumers to get off a power grid or bring energy to remote areas that are not on a grid. Tesla plans to start shipping the units to installers in the US by this summer. In a highly anticipated event near Los Angeles, Mr Musk said the move could help change the "entire energy infrastructure of the world". "Tesla Energy is a critical step in this mission to enable zero emission power generation,"...