It's Another Good Day To Be Elon Musk
It's happening again: Elon Musk is having a huge day.
This morning, SolarCity announced that it purchase Silevo, a solar panel manufacturing company, and said it wants to build one of the world's largest solar plans in New York state.
Additionally, The New Jersey Assembly yesterday passed a bill that would allow Tesla to resume sales of its cars in the state.
Shares of both companies are charging higher following the news.
Yesterday, shares of Musk's companies - Tesla and SolarCity - rallied after a report in The Financial Times said Tesla's electric car rivals Nissan and BMW could look to collaborate on a charging network.
Tesla gained 8.8% yesterday, while SolarCity gained 4.5%.
Musk is the CEO of Tesla and serves as the chairman of the board at SolarCity.
In morning trade, SolarCity is up more than 10%.
While shares of Tesla are also higher, up more than 4%.
