SolarCity Corp (SCTY) Shares Jump On Financing Announcment

Tesla Motors Inc (NASDAQ:TSLA) investors can talk about the strength of the company all they want, but it’s another Elon Musk property that’s really grown this year. SolarCity Corp (NASDAQ:SCTY) shares have increased by more than 190 percent this year, making Tesla gains of 170 percent look tiny in comparison. The solar energy firm’s shares boomed again today on the announcement of new financing from Goldman Sachs Group, Inc. (NYSE:GS).

According to the terms of a deal announced today, Goldman Sachs Group Inc. (NYSE:GS) will finance $500 million worth of solar projects at SolarCity Corp (NASDAQ:SCTY)....