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%.