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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

4/27/15

Tesla Motors Inc. (TSLA)

Tesla Motors is burning rubber today, up 6.64% to $232.94. The electric automobile maker saw its shares rally ahead of the debut of its new battery business. Tesla hinted at the new business line earlier this year, and has said battery-storage applications could account for a third of its "gigafactory" output. The company is building a $5 billion battery factory outside Reno, Nev., which is expected to churn out cheaper and better batteries to power Tesla's mass-market car, the Model 3, on sale in the next two to three years. Share of Tesla climbed over $14.30 today, but are still well off of their 52-week high of $291.42.

Celladon Corporation (CLDN)

Celladon Corporation is getting destroyed today, down 80.64% to $2.64. The biotechnology company saw its shares fall after negative heart failure treatment results. Celladon said that Mydicar, its experimental gene therapy for heart failure, failed to the show any improvement over a placebo in its CUPID2 trials. The news led Wedbush analysts downgraded the company's stock to "neutral" from "outperform" today, while also slashing its price target by 90% to $3 from $29. Shares of Celladon fell over $11.00 to a new 52-week low of $2.62.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.