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Details scarce, but Tesla says operation in Buffalo is growing quickly

Elon Musk says 'Buffalo factory is doing great' with little detail.

BUFFALO, N.Y. — Tesla Inc.’s fourth-quarter earnings hit the right spot for company investors Wednesday, who sent shares of the Fremont-based company led by CEO Elon Musk up almost 12 percent in after-hours trading, to nearly $650.

That’s a dramatic increase from even six months ago, when shares of the company were trading at around $250, and reflect the rapid progress Tesla is making, selling and delivering automobiles around the world.

That’s better than bad news for Buffalo-based observers. But around here, the real question is about Tesla’s solar business, which will determine the fate of its South Park Avenue Gigafactory 2.

Read the full Buffalo Business First article here.

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