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Tesla Motors Sues Machinery Maker Atlas Over Agreement

Tesla Motors Inc., the electric-car maker run by billionaire Elon Musk, sued machinery maker Atlas Technologies Inc. over whether a dispute about an agreement must be heard by an arbitrator.

Officials of Palo Alto, California-based Tesla, whose shares rose as much as 8.7 percent today after an analyst more than doubled her price target for the carmaker, contend Atlas executives are refusing to honor an agreement to “arbitrate a contractual dispute,” according to a court filing in Delaware.