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•Do you like to bake? Do you like to read? Mash up the two and enter our Literary Cake Contest on Saturday, March 1. Please call the library to sign up at 355-5196 ext. 228. Cakes should be dropped off between noon and 2 p.m. Cake judging will be from 2 to 4 p.m. Make a cake that represents your favorite book; you can recreate the cover art or take a scene from the book. There will be Adult and Juvenile categories for best decorating and best tasting cake. The judges, some of whom are baking experts, including last year’s Cake Contest winner, will award prizes based on decorating and taste. Prizes will be awarded in each category and there will be a People’s Choice set of awards too.
•Saturday, March 1, at 7 p.m, in payless ballet flats the Sharp Park Library Community Room, an Author Event with Chris Hunter discussing “Legendary Locals,” his newest book, about Pacifica characters, •Art at the Sharp Park Library, “Trees of Northern California, Latin America and Beyond”: A black and white film photography exhibit by local photographer and Sanchez Art Center studio artist Jan Hanway will be showing at the library in March and April 2014, Come meet the artist at the exhibit opening on Wednesday, March 5, from 6 to 7 p.m, Light refreshments will be served..
After establishing intraday and closing record prices Monday, Tesla shares jumped as high as $259.20 in Tuesday trading before closing with a gain of $30.30, or 13.9 percent, at $247.95. The Palo Alto company has now seen its valuation rise by 64.8 percent in 2014 after skyrocketing 353 percent last year, propelling its market capitalization higher than $30 billion for the first time. Consumer Reports has praised the Model S before, giving it the highest score on record in its initial test, 99 out of 100, and finding that owners of the first electric car fully designed and manufactured by Tesla were the most satisfied in a subscriber survey. Tuesday’s award may have been the most important yet, however, as Will Oremus of Slate points out: It is the first car since 2010 to be awarded the selection of top overall pick and gives the Model S the magazine’s coveted red check designation as a recommended purchase.
“The Tesla is brimming with innovation,” Consumer Reports enthused, calling the Model S a “technological tour de force.”, Tesla plans to follow the Model S with an SUV-style electric automobile called the Model X and a less-expensive sedan currently called the Gen 3 or Model E, payless ballet flats but those future developments aren’t what got Morgan Stanley analyst Adam Jonas jazzed, Jonas more than doubled his price target on Tesla, from $153 to $320, after investigating the company’s plans to build its own batteries and offer autonomous driving in the future..
“Tesla may achieve pole position for the two most transformational developments in the auto industry over the next 5, 10, and 20 years: electrification and autonomous vehicle technology,” Jonas wrote. In Jonas’s estimation, Tesla could disrupt the electricity supply industry by mass-producing its lithium-ion batteries and selling them, such as its deal to do exactly that with SolarCity, the San Mateo solar installer for which Tesla CEO Elon Musk serves as chairman and principal investor. SolarCity also jumped to record intraday and closing prices Tuesday, gaining 3.4 percent to $81.18.
“Tesla’s quest to disrupt a trillion-dollar car industry offers an adjacent opportunity to disrupt a trillion-dollar electric utility industry,” he wrote, “If it can be a leader in commercializing battery packs, investors may never look at Tesla the same way again.”, The analyst also believes that Tesla will be able to popularize autonomous payless ballet flats car software, an effort long under development at Google that Musk said last year his company will attempt in a different way, “As the role of software engulfs the car, the world’s only Silicon Valley-based car company has the upper hand,” Jonas wrote, “We see autonomous cars contributing $5.6 trillion in economic savings globally.”..
Jonas acknowledges that his projections are based on a long timeline, running through 2028, and that prices will seem elevated in the near future. That issue is causing Tesla bears to fret even more, with one investor telling the Wall Street Journal on Tuesday, “It is ridiculously overpriced and is the poster child of a bubble in my opinion.”. Even those who have bet on Tesla are concerned that the price is getting too high too fast, with one investor who has held Tesla stock for a year and a half calling the current price “uncomfortably expensive.”.
“You never have any comfort holding something like this, We are holding on, but fully expect it could pull back,” Robert Lutts, chief investment officer for Cabot Money Management, told the Journal, Riverbed Technology popped 4.1 percent higher payless ballet flats to $20.66 after Elliott Management increased its bid for the San Francisco networking company from $19 a share to $21, The New York hedge fund has been pressuring Riverbed to sell in what one analyst has described as “a high-stakes game of poker” — by setting a floor for what it thinks an acquisition could cost, it invites other companies to come in and bid more, hoping for an offered price that Riverbed’s board cannot refuse, “Other potential buyers have expressed their acquisition interest directly to Riverbed and its adviser, Goldman Sachs,” portfolio manager Jesse Cohn wrote in Elliott’s letter to Riverbed, “These parties appear to be willing to offer materially more for the company than we are, However, despite Riverbed’s statement that it would carefully review any credible offer, it is our understanding that Riverbed’s board has thus far completely ignored these overtures.” FBR Capital Markets analyst Daniel Ives, who made the poker reference to the Elliott-Riverbed dance, said in an updated note Tuesday that Riverbed may receive bids of $24 to $25 a share..