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Warren Buffett’s MidAmerican Readies For Deeper Move Into Renewables

Warren Buffett-controlled MidAmerican Energy Holdings announced this week that it has established a new business arm as a conduit for a deepening of the company’s move into the unregulated renewables market. The new vehicle, MidAmerican Renewables, LLC will oversee wind, geothermal, solar and hydro projects to produce energy for the renewables market. MidAmerican Renewables will [...]

Gen Y Auto Survey Points to Demand For Alternative Power

This year’s Deloitte’s Annual Generation Y Automotive Survey has mixed results for the EV market. The good news is that this crucial group of consumers overwhelmingly prefers alternative power to traditional gas-only vehicles – by a margin of 59% to 37%. That should help keep automakers focused on fuel efficiency. However, only a very small [...]

Tesla Stock Collapses But Looks Massively Oversold

  Source: Tesla Motors, with permission. Having traded in a tight range for most of the day, Tesla Motors (TSLA) collapsed in the last 45 minutes of trading on Friday. The stock hit a low of 22.64 and closed at 22.79, down 19.3% from its previous close. Although it was reported to have bounced 7% in [...]