Wednesday, October 16, 2013

News Notes:Tesla Motors;Caroline Kennedy

Tesla Motors has been upgraded to outperform by Webush Securities,with a price target of $240.00.Their cost structure in batteries beats the competition,said analyst Craig Irwin.I see them cutting their battery cost in half.If they can do it,they've got a winner,and that's why I'm raising it.*
Ths MSCI Asia Pacific index was up 0.80% in early Thursday trading,responding to President Barack Obama's signing of a bill that resolves the recent budget impasse and government shutdown for the next few months at least,averting the prospect of an unprecedented default.*
The trajectory for the market is onward and upward,said Andrew Economos of JP Morgan Asset Management.What we're doing is buying enough time for markets and economies to take hold.What the emerging markets are thinking is,we've got to reduce our dependence on America.
I think the dollar stays here;I don't think it gets stronger.If you have a weakening currency,you buy exporters;if you have a strong currency,you buy importers.It's a big,level one switch in assets,a re-risking.*
Caroline Kennedy has been unanimously confirmed by the US Senate to be Ambassador to Japan.It is the first time the late President John F. Kennedy's daughter,a sentimental favourite of many Americans,has held a government post.*
Tesla Motors(TSLA)

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