Updates - Tesla New York

Tesla powers ahead: Our view

Team Tesla

These days there is nothing particularly unusual about high-flying tech companies. They often take off like rockets, sometimes falling back to earth, but sometimes achieving lofty heights and reinventing whole industries. Thirteen years ago, for example, Facebook was a couple of guys in a dorm room. Today, its valuation of $404 billion is larger than the annual economic output of Thailand. But electric car maker Tesla, which briefly surpassed General Motors this week to become America’s most…

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Panasonic will invest in Tesla’s South Buffalo solar plant

Team Tesla

A deal between Panasonic Corp. and Tesla Motors Inc. will bring more cash and manufacturing experience to the SolarCity factory in South Buffalo as it prepares to begin making solar cells and modules this summer. The companies said Tuesday they had finalized a deal announced in October that allows Panasonic to take on a major role in the solar manufacturing plant on South Park Avenue. Howard Zemsky, chief executive of the state’s Empire State Development,…

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