FROM Stefan Reichelstein
SolarCity and Solar Power in the West Tesla just announced that it wants to buy solar panel company SolarCity for $2.8 billion. Elon Musk - who owns Tesla - is also the chairman of SolarCity, which is run by two of Musk’s cousins. Musk called the bid a “no-brainer,” but many analysts and investors are puzzled by the decision. Especially because SolarCity is struggling with rising costs and increased competition. One estimate found that SolarCity could lose up to $400 million next year alone. And here in California, solar only makes up about four percent of our total power.
Previewing James Comey's blockbuster testimony Former FBI director James Comey testifies Thursday in front of the Senate Intelligence Committee, but his opening statement has been released. In it, he says he felt pressured by Donald Trump to declare loyalty to him and publicly clear him of any wrongdoing in the Russia investigation.
Accusations of lying fly between James Comey and White House During his testimony Thursday, former FBI Director James Comey accused President Trump and other White House officials of lying when they said the FBI was in disarray and its staff had lost confidence in him. President Trump’s lawyer said Comey was wrong -- that the president never asked for his loyalty, and never asked him to back off the investigation into former NSA director Michael Flynn.