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Tesla opens kiosks in Home Depot

Market losses accelerated during the midday with the Dow crashing 513 points to 25,672. Nasdaq plunged 99 points to 7286.


Tesla has begun marketing its solar panels and Powerwall electricity storage devices at kiosks inside Home Depot. The $6,000 Powerwall stores electricity that is either collected through solar panels or purchased during off-peak hours from the electrical grid. The expansion into Home Depot will greatly increase Tesla's exposure to potential customers.


Dell Technologies continues to explore its business options but has affirmed that it will not sell the company. Dell was publicly traded from 1988 until 2013 when founder Michael Dell and Silver Lake Partners took the company private in a $25 billion deal. Dell has floated the option of merging with its subsidiary VMware.


Allergen announced plans to boost sales in China from approximately $180 million in 2017 to $500 million 2022. An additional 200 Chinese workers will be hired in 2018 to market its products. The Botox-maker is also exploring the option of buying companies in China.


In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 1 on the NYSE and by 9 to 2 on Nasdaq. The broader S&P 500 plummeted 46 points to 2,775. Bitcoin tumbled $201 to $8,688.


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