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By Alexandria Sage SAN FRANCISCO (Reuters) - Technology entrepreneur Elon Musk gave a public shout-out to the sharpest minds in manufacturing this week, calling on them to come help Tesla Motors Inc build a million all-electric cars a year by 2020. Musk says he is "hell-bent" on making the Silicon Valley automotive upstart a manufacturing powerhouse, but his vision relies on finding veteran auto engineers to ramp up volume ten-fold in four years - a challenge even for established carmakers. Tesla on Wednesday said it would build 500,000 cars in 2018, two years ahead of schedule, and close to 1 million by 2020.
By Dion Rabouin NEW YORK (Reuters) - Wall Street's top banks have all but abandoned any expectation that the Federal Reserve will raise interest rates in June, and most now see the U.S. central bank's next rate hike coming in September, according to a Reuters survey conducted on Friday. Friday's weaker-than-expected payrolls report for April acted as the catalyst for several economists at primary dealers to back away from their previous predictions for an interest rate increase at the Fed's next meeting in June. "This report did very little to make the case for a June rate hike," said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York.