Tesla Hits Its ‘Best Quarter in History’ in Q3

After years in which making money seemed largely beside the point, electric car leader Tesla showed investors Wednesday that it can make substantial quarterly profits.

The company delivered a record number of cars in the third quarter, created a record $1.4 billion free cash flow and achieved record profitability, all while…

Iberdrola’s Avangrid to Acquire Southwest Utility PNM Resources

Iberdrola’s Avangrid has agreed to acquire PNM Resources, owner of regulated utilities in New Mexico and Texas, enlarging what is already one of the largest U.S. utility groups — and one with an aggressive focus on renewable energy.

The combined company will encompass 10 regulated electricity suppliers across six states, with…