Should You Invest in Tesla Motors

Tesla Motors is s Silicon Valley company that produces fully electric vehicles that get high marks for drivability.It was co-founded by leading engineer Elon Musk.Tesla trades as a tech company,forward-looking,according to Ben Kallo,Senior Analyst at RW Baird.They'll eventually have to produce some earnings to back up the steep share price,when they demonstrate they can build a car for the average consumer at a price of about 32,000 dollars.They need a cheaper battery pack.Right now,Tesla produces performance cars that go for about 100,000.*Tesla holds an 8% share of the US luxury car market and showed an 8% improvement in gross margins.I'm at a 118 price target on the stock-meaning it is presently overpriced.It closed at 147.95,up 0.39%,in Monday after hours trading.*Tesla has built a brand with a loyal following that is spreading like wildfire,Mr.Kallo concluded.*Based in Palo Alto,California,Tesla has 31 stores and service centers worldwide,and is on the road in 37 countries.Two models are currently available,the Roadster and the Model S.The Model X utility vehicle will be available in 2014,the company says.*Tesla Motors(TSLA)

Michigan's Got the Goods

We've got the capacity,Governor Granholm insisted.We've got a workforce that's hungry.We want to be the ones that produce those electric vehicles.Come on over! We want Chrysler to be big and vibrant,producing those vehicles that lead us to be independent of foreign oil.This bankruptcy gives us the ability to leapfrog,to be the place where that happens.This is a defining moment for Michigan.Michigan has blue ribbon factories for not producing waste.This is not your father's UAW,the Michigan Democrat observed,who has been mentioned as a U.S. Supreme Court prospect.