Morgan Stanley has raised the price target for Tesla Motors stock to 465.00 from 280.00.They believe Tesla may triple its revenue by 2029.*
I think that Morgan Stanley,did you need to be that excessive?asked CNBC host and master investor Jim Cramer.It's cynical to use these price targets,telling the shorts they need to cover like that.
The Empire State manufacturing report-it's terrible,Cramer noted.The factories are doing not that well.*
Meanwhile,Toyota Motors is taking a hit from the chemical blast tragedy in Tianjin,China,which killed at least 117 and injured untold others,including 50 Toyota workers.Three of Toyota's production lines will be idled through at least 19 August because of the Tianjin evacuation.
Tianjin is the company's biggest production hub in China,and more than a three-day delay could have a material affect on the business.*
Canadian Brooke Henderson,17,won her first LPGA tournament at the Cambia Portland Classic in Oregon Sunday.She mastered the Columbia Edgewater Country Club course with an eight-stroke victory,providing relief to fans disappointed by Canadian golfers' scarce wins in recent years.*
Tesla Motors (TSLA),Toyota Motors (TM)
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