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Tesla’s CEO Continues Pitch for ‘Gigafactories’ & S&P Issues Junk Credit Rating

Tesla Motor’s Elon Musk said the need for lower-cost batteries for autos and power storage means there will need to be hundreds of “gigafactories” like the one the carmaker is planning to build. But for the time being Tesla Motors Inc. is narrowing its search for the much coveted and ballyhooed $5 billion electric battery

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U.S. Foreclosure Activity Increases 8% in January Biggest Jump since May 2012

Bank Repossessions Decrease 4% to Lowest Level Since July 2007 Foreclosure Starts Increase More Than 50 Percent Annually in MD, CT, NJ, CA IRVINE, Calif. — RealtyTrac® released Thursday its U.S. Foreclosure Market Report™ for January 2014, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 124,419 U.S.

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