Australia

Tesla sinks after analysts were underwhelmed by the long-awaited Model Y unveiling

Business Insider Australia | Mar 15, 2019 at 2:50 PM
  • Tesla shares fell as much as 5% Friday as Wall Street analysts were underwhelmed by the electric-car maker’s unveiling of its Model Y SUV.
  • And Jed Dorsheimer, a bullish Tesla analyst at Canaccord Genuity, added: “Tesla unveils the Model Y but event may fall shy of whisper expectations”.
  • Craig Irwin, an analyst at Roth Capital Partners, has observed a “fundamental shift” in the way Tesla shares have traded recently.

China

China Focus: China to regulate online products as virtual market thrives

Xinhua News Agency | Mar 15, 2019 at 2:43 PM
  • Living alone and working hard in Shanghai, Wang Qian, used to buy a dozen self-heating instant hotpots every month.
  • Alibaba’s online shopping platform Tmall rolled out a slew of return and refund policies concerning trending products.
  • The cases solved were worth about 7.9 billion yuan (1.17 billion U.S. dollars).

United States

Tesla shares tumble after company unveils ‘underwhelming’ Model Y

CNBC | Mar 15, 2019 at 2:07 PM
  • Tesla shares tumbled in morning trading Friday, hours after the company unveiled the Model Y crossover utility vehicle that some Wall Street analysts are calling “underwhelming.”
  • The company, which was valued at $50 billion as of Thursday’s close, faces increased competition and mounting pressure on profit margins as it tries to lower prices on its lineup of all-electric vehicles.
  • The Model Y will cost $39,000 to $60,000, depending on the extras, and is about 10 percent bigger than Tesla’s Model 3 midsize sedan.

Russian Federation

Kalashnikov Group updates Molniya corvette

TASS Russian News Agency | Mar 15, 2019 at 12:33 PM
  • Russia`s Kalashnikov Group (a subsidiary of the state corporation Rostec) has updated the Project 12418 Molniya-class (NATO reporting name: Tarantul III Mod-class) corvette (missile boat).
  • According to the manufacturer of the ship, the Rybinsk Shipyard (a subsidiary of the Kalashnikov Group), the corvette features a drought of some 3.6 m and a top speed of approximately 29 knots.
  • The ship`s electronic suite comprises a number of systems, including the Mineral-ME naval target detection radar, the MR-405-1E electronic warfare device, the MR-231 navigation radar, the Pozitiv-ME1 air/naval target detection radar, and the MR-123-02/3 gun fire-control radar.

United States

SEC charges VW, former CEO with defrauding US investors

Fox Business | Mar 15, 2019 at 12:19 PM
  • The Trump administration charged Volkswagen AG with defrauding U.S. investors, the latest fallout from an emissions scandal that has plagued the German carmaker for years.
  • The Justice Department previously sued Volkswagen over the activity.
  • The company has paid over $20 billion in fines.