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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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