Palo Alto Newswire
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Tesla Motors gained the most since April after the electric-car maker beat its car-sales forecast for the second consecutive quarter with a 52-percent surge in the three months through June. The shares rose 4 percent to $280.02 at the close in New York for the biggest daily advance since April 27. Tesla has climbed 26 percent this year, outpacing the Russell 1000 Index's 1.3 percent increase. Comment?
Tesla Motors' chief technology officer said South Africa could be a "huge market" for battery storage as rolling blackouts cut power in the continent's most-industrialised economy. The country has "such a mismatch between demand and supply," JB Straubel, Tesla CTO and co-founder, said Monday at a US Energy Information Administration energy conference in Washington. Comment?
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