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Elon MuskSolarCityAnnouncement

SolarCity shares jump after Q1 report

30 May, 2014

SolarCity Corp releases its earnings report for the first three months of 2014, showing better than expected returns.  Although the report also shows greater losses, SolarCity shares jump 4% moments after the release, topping off at 16% as the company predicts higher demand and a rise in solar panel installations.  Musk now owns $1 billion in SolarCity stock, making up for the $500 million drop in net worth from Tesla this same day.

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