Select Page ::

The FBI’s had ‘zero cooperation’ from Prince Andrew, says US Attorney – The Australian Financial Review

Posted on January 30, 2020 by Danzig

Andrew said in November he would be willing to help "any appropriate law enforcement agency with their investigations, if required".

US court papers have previously shown that Epstein had socialisedwith Andrew and other high-profile figures including US President Donald Trump and former president Bill Clinton.

Epsteins suicide in August, at age 66, came a little over a month after he was arrested and charged with trafficking dozens of underage girls as young as 14 from at least 2002 to 2005. Prosecutors said he recruited girls to give him massages, which became sexual in nature. Epstein had pleaded not guilty.

Prince Andrew denies having had sex with Virginia Giuffre when she was 17. Giuffre says she was forced by Jeffrey Epstein to sleep with the duke.AP, BBC

In 2008, Epstein pleaded guilty to a Florida state charge of soliciting prostitution. He completed a 13-month jail sentence that was widely criticisedas too lenient.

Andrew has described his association with Epstein as "ill-judged" and in November the prince stepped down from public duties as the allegations became a distraction for the royal family.

Andrew, Queen Elizabeth's second son, has denied an allegation in a civil lawsuit from Virginia Giuffre, who claims she had sex with the prince when she was 17 in an encounter arranged through Epstein.

Giuffre's lawsuit said Maxwell recruited her into Epstein's circle and Epstein forced her to have sex with him and friends including Andrew.

Despite Epstein's death, investigations continue into potential accomplices.

In December, sources told Reuters, law enforcement did not plan at that time to interview Andrew, although the investigation was said to be at an early stage.

The FBI has been following up on leads received from women who contacted a hotline the agency set up at its New York field office after Epstein's arrest in July, the sources said in December.

This month, the attorney general of the US Virgin Islands sued Epstein's estate, claiming he raped and trafficked dozens of young women and girls on a private island he owned in the territory.

The complaint filed by Virgin Islands Attorney General Denise George significantly broadened the scope of the financier's alleged misconduct, saying it spanned from 2001 to 2018 and targeted girls who appeared to be as young as 11 or 12.

The Virgin Islands is seeking civil penalties plus some assets from Epstein's estimated $577.7 million estate, including the forfeiture of his two private islands, Little St James and Great St James.

Reuters

See more here:

The FBI's had 'zero cooperation' from Prince Andrew, says US Attorney - The Australian Financial Review

Prince Andrew accused of not co-operating with probe – RTE.ie

Posted on January 30, 2020 by Danzig

Britain's Prince Andrew has provided "zero co-operation" to the FBI investigation into the activities and death of Jeffrey Epstein, a USlaw enforcement source has said.

The FBI requested an interview with Prince Andrew, who socialised with Epstein, Manhattan-based USAttorney Geoffrey Berman publicly confirmed at a meeting, the source said, but did not say when ther equest was made.

Buckingham Palace did not immediately respond to a request for comment.

The Federal Bureau of Investigation's probe is focusing on British socialite Ghislaine Maxwell, a longtime associate of Epstein, and others who facilitated wealthy financier's alleged trafficking of underage girls, law enforcement sources told Reuters in December.

Ms Maxwell has not been accused of criminal wrongdoing.

Prince Andrew said in November he would be willing to help "any appropriate law enforcement agency with their investigations, if required."

UScourt papers have previously shown that Epstein had socialised with Andrew and other high-profile figures including USPresident Donald Trump and former president Bill Clinton.

Epstein's suicide in August, at age 66, came a little over a month after he was arrested and charged with trafficking dozens of underage girls as young as 14 from at least 2002 to 2005.

Prosecutors said he recruited girls to give him massages, which became sexual in nature. Epstein had pleaded not guilty.

In 2008, Epstein pleaded guilty to a Florida state charge of soliciting prostitution. He completed a 13-month jail sentence that was widely criticised as too lenient.

Prince Andrew has described his association with Epstein as "ill-judged" and in November the prince stepped down from public duties as the allegations became a distraction for the royal family.

Prince Andrew, Queen Elizabeth's second son, has denied an allegation in a civil lawsuit from Virginia Giuffre, who claims she had sex with the prince when she was 17 in an encounter arranged through Epstein.

Ms Giuffre's lawsuit said Ms Maxwell recruited her into Epstein's circle and Epstein forced her to have sex with him and friends including Prince Andrew.

Despite Epstein's death, investigations continue into potential accomplices.

In December, sources told Reuters, law enforcement did not plan at that time to interview Prince Andrew, although the investigation was said to be at an early stage.

The FBI has been following up on leads received from women who contacted a hotline the agency set up at its New York field office in the wake of Epstein's arrest in July, the sources said in December.

This month, the attorney general of the USVirgin Islands sued Epstein's estate claiming he raped and trafficked dozens of young women and girls on a private island he owned in the territory.

The Virgin Islands is seeking civil penalties plus some assets from Epstein's estimated $577.7 million estate, including the forfeiture of his two private islands, Little StJames and Great StJames.

Read the original here:

Prince Andrew accused of not co-operating with probe - RTE.ie

Command Alkon Announces OCEANIA Conference 2020 to Be Held in Melbourne Australia – Yahoo Finance

Posted on January 30, 2020 by Danzig

Attendees Sure to Gain a New Outlook on How to Conquer Daily Tasks, Improve Decision Making, and Incorporate Industry Best Practices into Their Daily Operations

BIRMINGHAM, Ala. and MELBOURNE, Australia, Jan. 30, 2020 (GLOBE NEWSWIRE) -- Command Alkon, the leading Supplier Collaboration Platform for Constructions Heavy Work, will host their OCEANIA Conference 2020 in Melbourne, Australia, April 27-29. The event offers content, classes, and networking opportunities designed to take technology leaders and system users to new levels of performance. The Conference will be held at Crown Melbourne.

OCEANIA Conference 2020 is a great opportunity for the heavy work community in this region to gain hands-on training, but its much more than that, says Lori Allen, Solutions Marketing Manager at Command Alkon. Attendees benefit through peer-to-peer knowledge sharing, illuminating Keynotes, and the opportunity to capture critical insights into current innovation across construction projects and the heavy material supply chain.

Training offerings will be available across the following product lines: Apex, COMMANDbatch, and COMMANDseries. Innovation tracks are also available for attendees to check out some of the latest breakthrough technologies from Command Alkon, including:

COMMANDassurance Concrete Properties Traceability in TransitsupplyCONNECT Demand & Replenishment ManagementTrackIt and TrackIt 3P Fleet Telematics & Workforce Management (Owned and 3rd Party)MOBILEjobsiteJobsite Materials Delivery Tracking & AlertsMOBILEticketElectronic Ticketing & Proof of DeliveryCOMMANDoptimize Concrete Dispatch Optimization Engine

CONNEX The Supplier Collaboration Platform for Your Heavy Work will make its OCEANIA market debut at the event. Attendees will learn all about CONNEX and how to get CONNEX Connected.

Detailed class outlines, event schedule, hotel reservations, and online registration is available here. Be sure to take advantage of the Super Saver rate until February 15.

Command Alkon holds events like these at locations around the globe throughout the year. Visit commandalkon.com and click on Events to stay informed about this and future opportunities.

ABOUT COMMAND ALKONAt Command Alkon, we believe in building an amazing world. As the Supplier Collaboration Platform for Constructions Heavy Work, were dramatically improving how contractors, bulk material suppliers, logistics providers, jobsite inspectors, project owners, and more interact. Our See Together, Work Together, and Grow Together capabilities deliver increased productivity, real-time visibility, keen business insights, and certainty of outcomes when building the things that matter. For over 40 years, our people, software and technology have empowered customers to achieve greater levels of quality and profitability across their projects and operations. Command Alkon is headquartered in Birmingham, Alabama and has offices in locations around the globe. For more information, visit commandalkon.com.

For More Information, Contact:Becky BoydMediaFirst PR(770) 642-2080 x 214becky@mediafirst.net

Karli LangnerCommand Alkon(205) 879-3282 x 3968klangner@commandalkon.com

Visit link:

Command Alkon Announces OCEANIA Conference 2020 to Be Held in Melbourne Australia - Yahoo Finance

Paddling prodigy eyes up Oceania idols – The Bay’s News First – SunLive

Posted on January 30, 2020 by Danzig

Posted: 1:00pm Thursday 30 Jan, 2020 | By Jamie Troughton jamie@dscribe.co.nz

New Zealand's Luuka Jones. Photos: Jamie Troughton/Dscribe Media

Evy Leibfarth turned up Down Under this time last year with stars in her eyes and the fresh-faced enthusiasm only a 15-year-old can bring.

The American teen shyly introduced herself to kayaking stars Jess Fox and Luuka Jones and proudly proclaimed them her idols as she watched their classy performances, on and off the water.

A year later, as she lines up at this weekend's Oceania canoe slalom championships in Auckland, the paddling prodigy will be eyeing Australia's Fox and New Zealand's Jones as near-equals after an astonishing break-out 2019 season.

She became the youngest person to win a world cup medal, picking up C1 bronze in Solvenia, and made a series of finals in both K1 and C1 across the world cup rounds and the world championships.

"My paddling took a huge jump - just being in the presence of so many top athletes and being able to watch and learn from them really helped my paddling," Leibfarth says at the Vector Wero Whitewater Park in Auckland this week.

"I was just really excited the whole year to keep training and pushing and I'm really excited for this upcoming year, starting with the Oceania championships."

She celebrated her 16th birthday on her first trip to New Zealand this week, although the Bryson City, North Carolina native met Jones and Fox at the Australian championships last year.

"Both of them have such a unique style and each does certain moves better than others and I just love to watch them and see how smooth they are in the water. Off the water, they just have such a great attitude towards the sport and they get a lot of younger kids into it and I really admire that about them."

Evy Leibfarth (United States) training at the Vector Wero Whitewater Centre in Auckland.

The Oceania championships double as the first Olympic qualifier for many Australian, New Zealand and Pacific Island paddlers, with the second in Australia next month. Leibfarth has her own Olympic trials in Oklahoma in April - where she's heavily favoured to book spots in both C1 and K1 - while Fox and Jones have already pre-qualified with their world championship performances and just need their selections confirmed.

Fox, who became the most successful paddler in world championship history last year, was herself a precocious teen, winning Olympic silver in the K1 in London in 2012. She predicts a big future for Leibfarth too.

"She was catapulted onto the world tour last year with some amazing performances by a 15-year-old so she's definitely one to watch," Fox says.

"She's a bubbly, exciting paddler to watch and she can put down some fast paddling. She's just really tidy and clean and gets through the gates well, she's got a lot of potential and progress to make, being so young."

This will be the fourth time Fox has competed at Vector Wero and she's also looking forward to reigniting her long rivalry with Jones, with the pair sharing podiums in some big events in recent years.

"It's great to have such awesome competition close to home - I've known Luuka for years now and she's one of the strongest paddlers in the world and on her home course, she'll be hard to beat. I think back on Rio and how special it was to share the podium with her and to have New Zealand and Australia side by side, like a sisterhood in a way. It was nice to have the Southern Hemisphere represented when it's such a European-centred sport and the growth of the sport in the Southern Hemisphere is fantastic."

For Jones, having some of the world's best paddlers come to her home course is immensely gratifying.

"It's a huge weekend having the Oceania champs in New Zealand and it's really special having so many internationals over to compete with," Jones says.

"It's such an awesome whitewater course and I feel quite proud to show them where we train. Jess is an amazing paddler - the most successful in our sport - and just to have her here to measure myself against is pretty exciting."

While selection rivalry will be particularly intense in the men's K1 - where both New Zealand and Australia have qualified boat spots for Tokyo - the men's C1 is wide open with a continental qualification still up for grabs between paddlers from Australia, New Zealand and the Cook Islands.

Entry is free for spectators across all three days, with the championships starting at 9am on Saturday.

Event details

(Vector Wero Whitewater Park, Manukau, Auckland)

Saturday Feb 1: 9am-3pm Oceania qualifying rounds

Sunday Feb 2: 9am-midday Oceania semis and finals, 1-3pm Tamariki Challenge open to paddlers not in Oceania Champs

Monday Feb 3: 9am-midday Oceania semis and finals, 1-2.30pm Slalom Extreme

See the original post:

Paddling prodigy eyes up Oceania idols - The Bay's News First - SunLive

Tokyo 2020 Asia and Oceania boxing qualifier moved to Amman after virus outbreak – Insidethegames.biz

Posted on January 30, 2020 by Danzig

The Asian and Oceania boxing qualifying event for this year's Olympic Games in Tokyo will now be held in Amman in Jordan, it was announced today.

It is due to take place from March 3 to 11, having originally been scheduled for Wuhan, China, from February 3 until 14.

However, it has been moved as a response to the coronavirus outbreak reported in the Chinese city.

The International Olympic Committee Boxing Task Force (BTF) confirmed the news, following the cancellation decision by the BTF and the Olympic Chinese Committee.

After a careful review, the BTF approved the proposal of the National Olympic Committee of Jordan (JOC), in order to confirm competition dates and location as soon as possible, in the best interest of the athletes involved.

Logistical and operational details will be shared with National Olympic Committees (NOC), National Federations and officials in the coming days.

The BTF also thanked all the NOCs that offered their support to reorganise the competition at such short notice.

The Asian Football Confederation moved one of its qualifiers for the women's tournament at Tokyo 2020 from Wuhan to Nanjing.

Group B of the third round of AFC Women's Olympic Qualification Tournament will not be held at the Jiangning Football Training Centre.

Currently, the official death toll for coronavirus victims stands at 26, with more than 830 confirmed cases.

Tokyo 2020 Asia and Oceania boxing qualifier moved to Amman after virus outbreak - Insidethegames.biz

Kobelco switches to TRT in Oceania – Cranes Today

Posted on January 30, 2020 by Danzig

Kobelco has chosen TRT, Tidd Ross Todd, as its distributor in Australia and New Zealand. The announcement comes after longstanding distributor ACM (Australian Crane & Machinery) said it was relinquishing the deal.

TRT and their Queensland-based subsidiary, TRT (Aust) Pty Ltd, will provide Kobelco crane customers in the Oceania region with technical information, parts supply, and sales of new Kobelco cranes.

Kobelco said: This new partnership reflects both organisations commitment to outstanding customer service and support throughout the region. We are excited to combine TRTs great customer support and expertise with Kobelco cranes, which are valued in the industry for their high performance, having earned a reputation as the most reliable brand of crawler cranes on the market.

TRT, a New Zealand based company operating across Oceania and established in 1967, have built up many decades of expertise in the crane industry. TRT is highly respected and well experienced with crawler cranes, including Kobelco, the Japanese manufacturer says. This new partnership will reshape the way customers are supported moving forward.

In a December 2019 email announcing the end of ACMs deal, MD Ben Potter said the company would be continuing to supply the local crane industry, through a new partnership with Zoomlion.

See the article here:

Kobelco switches to TRT in Oceania - Cranes Today

The vehicle electrification market is projected to grow at a CAGR of 9.1% to reach USD 142.1 billion by 2027 from USD 71.0 billion in 2019 – Yahoo…

Posted on January 30, 2020 by Danzig

Demand for increased fuel economy, low maintenance cost, and improved performance are boosting the trend of vehicle electrification. The vehicle electrification market is projected to grow at a CAGR of 9.

New York, Jan. 29, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Vehicle Electrification Market by Product, 48V, ICE, BEV, HEV, PHEV, Vehicle Type And Region - Global Forecast to 2027" - https://www.reportlinker.com/p05099508/?utm_source=GNW 1% to reach USD 142.1 billion by 2027 from USD 71.0 billion in 2019. OEMs are switching from conventional technology to advanced technology for complying with the norms and increasing vehicle efficiency. There are multiple engine, transmission, and hybrid technologies that can help in improving the fuel efficiency of a vehicle. For instance, according to the US Department of Energy (US DOE), the start-stop system can improve fuel efficiency by up to 5%, based on driving and traffic conditions. Also, components such as electric oil pump and electric vacuum pump consume lesser energy than their conventional counterparts. However, higher cost of electric vehicles can undermine the demand for vehicle electrification.

The market for BEVs is estimated to witness the fastest growth in the vehicle electrification marketBEVs are projected to lead the vehicle electrification market, in terms of value, during the next 10 years.Automakers are seeing BEVs as a gateway to achieving fuel emission and economy standards set by governments.

Government tax incentives and state rebates have boosted the proliferation of BEVs.Asia Oceania and North America are the fastest growing regions for BEVs.

Increasing charging infrastructure in North America would be responsible for the shift from conventional ICE vehicles to BEVs.OEMs of this region have also invested significantly in vehicle electrification.

This would also drive the demand for BEVs.

The electric power steering (EPS) is estimated to be the largest segment of the vehicle electrification marketElectric Power Steering (EPS) systems are power-assisted steering products that eliminate the association between the steering system and the engine.EPS is the most popular steering system in the global market as it reduces fuel consumption and emissions, limits the required servicing, and improves maneuverability.

In Europe and North America, almost all vehicles have EPS, and in Asia Oceania, the trend is growing rapidly. Hence, the EPS segment is estimated to hold the largest market share during the forecast period.

Asia Oceania: the largest vehicle electrification market in the automotive industryAsia Oceania is the leading vehicle electrification market as the region represents countries such as China, Japan, South Korea, and India, with the worlds highest vehicle production.The automobile industry is flourishing, especially in South Asia.

Additionally, Asia Oceania has created hubs for automobile manufacturers and automotive component suppliers.Considering the vehicle electrification market in the Asia Oceania region in 2019, the passenger car segment is estimated to lead the market, comprising more than 80% of the vehicle electrification market in the region, followed by the LCV segment, in terms of both volume and value.

As Asia Oceania has the largest share of passenger cars, ICE vehicles are expected to dominate the vehicle electrification market in Asia Oceania.Countries such as China and India have plans to upgrade their emission regulations by 2020.

For instance, India is planning to skip BS V regulations by leapfrogging to BS VI. This is a positive development for the vehicle electrification market. Additionally, the demand for more electric and electronic components in vehicles helps drive vehicle electrification.

BREAKDOWN OF PRIMARIESThe study contains insights provided by various industry experts, ranging from vehicle electrification OEMs to vehicle electrification component suppliers. The break-up of the primaries is as follows: By Company Type Tier-I - 25%, Tier-II - 20% OEMs 40%, and Others- 15% By Designation C level - 40%, D level - 35%, and Others** - 25% By Region North America - 35%, Europe - 35%, Asia Oceania - 25%, RoW-5%

Note: Others** include sales managers, product managers, and associations.Tier 1 - System suppliers to OEMs, Tier 2 - component suppliers to Tier 1. OEMs are Vehicle Manufacturers Others are Industry experts and Independent consultants

The report provides detailed profiles of the following companies: Bosch (Germany) Continental (Germany) Denso (Japan) Delphi (UK) Johnson Electric (Hong Kong) Mitsubishi Electric (Japan) BorgWarner (US) Magna (Canada) Aisin Seiki (Japan) Johnson Controls (US) ZF Friedrichshafen (Germany) Valeo (France) JTEKT Corp. (Japan) Hitachi Automotive Systems (Japan) Wabco Holding Inc (Beligium)

Research Coverage:The report provides a picture of the vehicle electrification market across different verticals and regions.It aims at estimating the market size and future growth potential of the vehicle electrification market, by product type, by degree of hybridization, 48V, by vehicle type, and by region.

Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, Vendor DIVE matrix, recent developments, and key market strategies.

Key Benefits of Buying the Report:

This report provides insights with reference to the following points: The report will help market leaders and new entrants in by providing them the closest approximations of the revenue numbers for the overall vehicle electrification market and subsegments. This report will help stakeholders better understand the competitor landscape and gain more insights to position their businesses better and make suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.Read the full report: https://www.reportlinker.com/p05099508/?utm_source=GNW

About ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

__________________________

Story continues

Clare: clare@reportlinker.comUS: (339)-368-6001Intl: +1 339-368-6001

Blind Spot Solutions Market by Product Type, Technology, End Market, Electric Vehicle, Vehicle Type and Region – Global Forecast to 2027 – Yahoo…

Posted on January 30, 2020 by Danzig

Advent of autonomous vehicles and increasing demand for semi-autonomous vehicle The demand for semi-autonomous vehicles has increased significantly in the last few years, which has accelerated the growth of the blind spot solutions market.

New York, Jan. 29, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Blind Spot Solutions Market by Product Type, Technology, End Market, Electric Vehicle, Vehicle Type and Region - Global Forecast to 2027" - https://www.reportlinker.com/p05781861/?utm_source=GNW Semi-autonomous vehicles are self-driven vehicles with the ability to sense their environment and navigate to the destination with partial human-based physical input or voice commands.

The main reason for the increasing adoption of semi-autonomous and autonomous vehicles is increased safety.Therefore, a large number of safety features will be integrated into such vehicles.

In semi-autonomous vehicles, the environment around the vehicle is detected through sensors such as radar, ultrasonic, LiDAR, and cameras.Blind spot solutions such as blind spot detection system, surround view camera, and digital side view systems can also be used to sense the environment better.

Hence, increasing adoption of semi-autonomous and autonomous vehicles will boost the blind spot solutions market.

Asia Oceania is projected to be the fastest growing marketIn recent years, the automotive industry has witnessed higher growth in terms of vehicle production in Asia Oceania than in the matured markets of Europe and North America.Asia Oceania has emerged as a hub for automotive manufacturing, given the nascent stage of the market, state-promoted support, and cost advantages for OEMs.

The growth of the automotive optoelectronics market in the Asia Oceania is expected to be driven by the increasing government regulations and promotions about road safety.The R&D activities on autonomous vehicles are continuously growing in the region.

China and Japan are the leading countries from the technology perspective.Japan is planning to start truck platooning tests in 2018 and aims to commercialize autonomous trucks by 2022.

This will boost the growth of blind spot solutions market in the Asia Oceania region.

Passenger car is expected to be the largest vehicle type segment in the blind spot solutions marketThe passenger car segment is estimated to contribute to the largest share of the blind spot solutions market.The passenger car consumers are becoming increasingly aware of vehicle safety.

Owing to the growing demand for safer and more comfortable vehicles, the passenger car segment is projected to lead the market in 2027.Governments around the world are planning to mandate active safety systems in passenger cars.

In the US and Canada, backup cameras are mandated for cars manufactured from May 2018 onward.These mandates are likely to drive the blind spot solutions market for passenger cars.

The increasing demand for luxury vehicles in developing countries is another driving factor for the growth of blind spot solutions market.

OE market is expected to be the largest and fastest growing segment by end market typeNew vehicles are equipped with many active and passive safety systems.Blind spot solutions feature as active safety systems.

The initial stage of installation by OEMs is a crucial phase for the blind spot solutions market.Most OEMs offer many standard safety and convenience features that include blind spot solutions.

In addition, optional high-end features such as a surround view system, intelligent park assist, and intervention system for blind spots are customizable according to the requirement. For instance, Toyota Sequoia offers blind spot detection and surround view system as standard features.On the other hand, Toyota Avalon offers a surround view camera as an optional feature.Nowadays, as a product differentiation strategy, OEMs are increasingly focusing on providing safety and convenience features as a standard fitment in vehicles along with aftersales services.

In addition, increasing government mandates are pushing OEMs to provide many safety features safety as standard fitment. This will boost the OE market for blind spot solutions.The study contains insights provided by various industry experts, ranging from equipment suppliers to Tier-1 companies and OEMs. The break-up of the primaries is as follows: By Company Type: Tier-1 40%, Tier-2 25%, OEM 35% By Designation: C level 38%, D level 35%, Others 27% By Region: North America 20%, Europe 40%, Asia Oceania 30%, RoW 10%

The report provides detailed profiles of the following companies: Continental (Germany) Denso (Japan) Valeo (France) Aptiv (Netherlands) Magna (Canada) Autoliv (Sweden) Ficosa (Spain) Bosch (Germany) ZF Friedrichshafen (Germany) Gentex (US) Samvardhana Motherson (Germany)

Research CoverageThe blind spot solutions market has been segmented by technology (camera, radar, and ultrasonic), product type (blind spot solutions market, park assist system, backup camera system, surround view system, and virtual pillar), end market (OE market and aftermarket), electric vehicle type (BEV, HEV, FCEV, and PHEV), vehicle type (passenger car, light commercial vehicles, truck, and bus), and region (Asia Oceania, Europe, North America, and Rest of the World). The market has been projected in terms of volume (thousand units) and value (USD million).

Reasons to Buy the Report:This report contains various levels of analysis including industry analysis, company profiles, and competitive leadership analysis, which discuss the basic views on the emerging and high-growth segments of the blind spot solutions market, competitive landscape, high-growth regions and countries, government initiatives, and market dynamics such as drivers, restraints, opportunities, and challenges.The report enables new entrants/smaller firms as well as established firms to understand the market better and helps them acquire a larger market share. Firms purchasing the report could use any one or a combination of the below-mentioned four strategies (market development, product development/innovation, market diversification, and competitive assessment) to strengthen their position in the market.

The report provides insights with reference to the following points: Market Development: The report provides comprehensive information about lucrative emerging markets. The report analyzes the blind spot solutions market for all vehicle types across regions. Product Development/Innovation: The report offers detailed insights about R&D activities, upcoming technologies, and new product launches in the blind spot solutions market across all regions. Market Diversification: The report provides detailed information about untapped markets, investments, new products, and recent developments in the blind spot solutions market. Competitive Assessment: The report offers an in-depth assessment of strategies, products, and manufacturing capabilities of leading players in the blind spot solutions market. Vendor DIVE Analysis: The report provides company-level mapping of net sales, growth rate of a companys net sales, overall regional presence, companys presence/plans in emerging countries, mapping of inorganic and organic developments, manufacturing plants, companys presence in the OE and aftermarket segments, product offerings (breadth and depth), new product developments in recent years, and R&D expenditure among others. Company-wise product and business strategy scorecards: The report offers company level analysis and evaluation of product offering category including the breadth of offering, product innovation, and market presence (OEM and aftermarket). Also, the company level analysis and evaluation of business strategies including companys reach (based on regional presence), revenue growth, infrastructure and clientele, inorganic growth (on the basis of partnerships, collaborations, and acquisitions), and organic growth (on the basis of geographic expansions and new product developments) are available in the report.Read the full report: https://www.reportlinker.com/p05781861/?utm_source=GNW

__________________________

Story continues

Clare: clare@reportlinker.comUS: (339)-368-6001Intl: +1 339-368-6001

See the original post here:

Blind Spot Solutions Market by Product Type, Technology, End Market, Electric Vehicle, Vehicle Type and Region - Global Forecast to 2027 - Yahoo...

CHINA Coronavirus, Beijing confirms 81 dead and 2,761 infections – AsiaNews

Posted on January 30, 2020 by Danzig

Almost half of the infections occurred in the province of Hubei, the epicenter of the epidemic. Hong Kong, where there are eight cases, has imposed a ban on access to those who have visited the area in the past 14 days. Thailand is among the Asian countries with the highest number of infected people. The virus has already reached Oceania, America and Europe.

Wuhan (AsiaNews / Agencies) - The updated toll of the pulmonary epidemic that broke out in Wuhan (Hubei province) is 81 dead and 2,761 cases of infection and is now spreading to various regions of China, Asia and the world. The Beijing government announced this morning that it has extended the holidays for the lunar New Year: the largest companies in the country have closed or ordered staff to work from home, in an attempt to curb the spread of the coronavirus.

The total number of confirmed cases in China has increased by around 30%. Almost half of the infections occurred in the Hubei province. Health officials say the death toll from the flu-like virus in the province has risen to 76 from 56; five other deaths are reported elsewhere in China: the southern province of the island of Hainan reportedthe first death today.

Hong Kong, where there are eight cases of contagion, has imposed a ban on access to those who have visited Hubei in the past 14 days. The ban does not cover residents. A limited number of cases have been confirmed in more than 10 countries, linked to people from Wuhan, but no deaths are reported outside of China.

Among the Asian territories with the highest number of infected people are Thailand (eight cases); Macau (five); Japan, Malaysia and Singapore (four); South Korea and Taiwan (three); Vietnam (two); Nepal (one). But the virus has already reached Oceania (five cases of infection in Australia), America (as many in the United States) and Europe (three in France).

Read the original:

CHINA Coronavirus, Beijing confirms 81 dead and 2,761 infections - AsiaNews

The Art Of The Slice – Southlake Style

Posted on January 30, 2020 by Danzig

An award-winning eatery from down under has made its way to Texas. A Neapolitan concept out of Melbourne, 400 Gradi opened its first U.S. location in downtown Dallas last September. Founder and chef Johnny Di Francesco was excited to not only bring his concept to America but also join the bustling restaurant industry in the Metroplex.

Dallas is a growing food city. When my business partners who also live in Dallas toured me around, I fell in love with North Texas, Francesco says. It reminded me of Melbourne, and I felt it was only natural to open 400 Gradi in the heart of Dallas.

His Dallas partner, Igor Stevovic, also sees similarities between the areas, which helps 400 Gradi feel like an easy addition to downtowns offerings.

Both are bustling metropolitan cities with a great vibe and exponential growth, Igor says. The community in both cities are exceptionally welcoming.

As diners walk through the sleek Italian restaurant, past the wine bottle display and gleaming bartop, they will start to sense the level of polish ahead. Because 400 Gradi stands out thanks to its attention to detail. Yes, the plating is precise, and there are nuances in each dishs flavor profile. But 400 Gradi goes beyond the obvious to think about considerations that others might not conceptualize, like the waters pH.

All of 400 Gradis pizza and pasta doughs are made with what 400 Gradi calls Artisan H20 filtered water that replicates the same qualities as whats found in Naples. After the dough is prepared, it undergoes 48 hours of fermentation in a temperature-controlled room with 70% humidity.

These details transform the recipe into an authentic replica of the Italian dish that was perfected after years of preparation. And the world has taken notice 400 Gradi received the Best Pizzeria in Oceania honor at the 50 Top Pizza Awards in Naples for two years in a row (2018 and 2019).

Besides the fact that our pizza is made with love, its a traditional Neapolitan-style pizza that was handed down from generation to generation, Igor says.

Diners cant go wrong with the traditional Margherita Verace named the Worlds Best Pizza in 2014 at the Pizza World Championship in Parma, Italy. But its far from the only star on the pizza menu. The Ortolana, topped with eggplant, onions, capsicum and zucchini, proves to be a hearty vegetarian pie. And the Diavola, complete with hot salami and arugula, offers a little more heft with its cured topping.

But 400 Gradi is more than a pizzeria. Its a sophisticated classic Italian concept that serves phenomenal pies. But thats no excuse to sleep on its other dishes. Start out on a bright note with the burrata, accompanied by chargrilled bread that smells as good as it tastes. Or, for an appetizer that can feed the masses, order the Salumi Board: a selection of cured meats and cheeses served with gnocco fritto and giardiniera.

The pastas, held to the same level of excellence as the pizzas, are made fresh every day. The Linguine Alla Pescatora, topped with prawns, mussels, clams and scallops and served in a napoli sauce, acts as a representation of what the dinner menu offers: classic dishes uplifted by precision. And the Tortelli E Zucca combines unexpected flavors pumpkin-filled pasta served with butter, sage, pine nuts and amaretti for those interested in trying something new.

The Risotto Agli Asparagi Aquarello rice, mascarpone, zucchini puree and asparagus offers creaminess. And its subtle balance of salty and sweet flavors makes for a refined bite. To continue your Italian spread, try the pork short ribs, done the Italian way, served with a balsamic glaze.

The coconut panna cotta, served in dark chocolate shells with bounty gelato and a lime gel, provides a sophisticated ending to the meal. And the dessert calzone, folded pizza crust with Nutella served with Zero Gradi vanilla gelato, pairs different restaurant creations together for a well-rounded treat.

A trip over to 400 Gradi offers genuine gourmet Italian flavors. So skip the plane trip, and head over to downtown Dallas for a taste of something fresh yet familiar.

Visit link:

The Art Of The Slice - Southlake Style

Virus concern hits growing list of sporting events – KFGO News

Posted on January 30, 2020 by Danzig

Wednesday, January 29, 2020 4:56 a.m. CST

(Reuters) - The list of international sporting events affected by a new virus outbreak in China grew on Wednesday with skiing World Cup races in Yanqing canceled and Olympic women's football in Australia in doubt on concerns about athletes' safety.

Badminton, tennis and basketball were among other sports whose governing bodies were rearranging events, weighing possible changes or monitoring the implications of the outbreak.

Skiing's governing body FIS said it took the "difficult decision" along with local organizers to cancel the Feb. 15-16 Alpine Ski World Cup -- the first official test event for the Beijing 2022 Winter Olympics.

"Although the risk level in Yanqing is low, the health and welfare of athletes and all participants must take priority," FIS president Gian Franco Kasper said. FIS will announce the rescheduling of the canceled races at a later date.

Earlier, the Asian Football Confederation said home matches of the four Chinese clubs on the first three match days of the AFC Champions League will be rescheduled and played away by swapping the order with their opponents.

The Chinese Football Association said four players -- Wang Shuang, Yao Wei, Lyu Yueyun and Li Mengwen -- would miss next week's Olympic women's qualifying tournament in Sydney after being affected by China's coronavirus control.

China last week withdrew as hosts of the four-nation event, which also features Australia, Taiwan and Thailand, before the AFC moved the matches to Sydney. But the event suffered another blow when Australia's soccer federation said it would postpone ticket sales while awaiting advice from the authorities.

The Chinese team, scheduled to play their first match on Feb. 3, were told to remain in their hotel rooms until Feb. 5 after arriving in Brisbane on Wednesday.

The International Tennis Federation has moved the Fed Cup Asia/Oceania Group I event - featuring teams from China, Taiwan, Indonesia, South Korea and Uzbekistan - out of Dongguan to Nur-Sultan (formerly Astana) in Kazakhstan.

But Kazakhstan has since declined to serve as a substitute host for the Feb. 4-8 event after suspending all passenger travel to and from China.

Badminton's governing body BWF said https://bwfbadminton.com/news-single/2020/01/29/bwf-statement-on-coronavirus-outbreak that it would monitor implications related to the outbreak and that no decision had been made on the Feb. 25-March 1 China Masters in Lingshui.

Organizers of the Formula E championship confirmed they are working closely with local authorities in Hainan province ahead of the race in Sanya scheduled for March 21.

The International Olympic Committee last week announced Jordan as hosts of the 2020 Olympics boxing qualifiers for Asia and Oceania after an event in China's Wuhan was canceled.

A Feb. 6-9 women's Olympic basketball qualifying tournament was moved from Foshan to Belgrade while a Feb. 21-23 X-Games event in Chongli was postponed.

The virus outbreak has killed over 130 people with almost 6,000 others affected by the flu-like virus that emerged late last year in Wuhan in the central Hubei province.

(Reporting by Shrivathsa Sridhar in Bengaluru; additional reporting by Alan Baldwin and Olzhas Auyezov, Editing by William Maclean)

See the original post:

Virus concern hits growing list of sporting events - KFGO News

Coca-Cola New Zealand announces 20% sugar reduction goal – Scoop.co.nz

Posted on January 30, 2020 by Danzig

Thursday, 30 January 2020, 8:55 amPress Release: Coca Cola

Coca-Cola New Zealand announces 20% sugar reductiongoal across its portfolio by 2025

Auckland, 30 January2020: Coca-Cola New Zealand has announced an ambitious 2025goal to reduce sugar across its portfolio of drinks by 20per cent[1].

This commitment builds upon thecompanys ongoing work to reduce sugar in existing drinks,develop new no and low sugar options, provide smaller packsizes and dedicate significant marketing efforts to promoteno and low sugar alternatives.

Richard Schlasberg,General Manager Coca-Cola Oceania, says the company isserious about taking a leadership position when it comes toproviding choice and reducing the sugar Kiwis consume frombeverages.

Over half our growth has been in low andno sugar drinks in the past two years and we now sell moreCoca-Cola drinks without sugar in supermarkets thanCoca-Cola Classic. In addition, bottled water sales haveincreased 9% and still water sales 13% in the past twoyears, he says.

Since 2017, Coca-Cola New Zealandhas introduced a range of no and reduced sugar productsincluding Powerade Active Water, Coca-Cola No Sugar, Keri50% Less Sugar Fruit Drink, limited-edition Coca-Cola PeachNo Sugar, Deep Spring Light and new 250mL cans for Kiwi Bluesparkling flavoured waters.

In 2020 wereplanning to reduce the sugar in more of our key products aswell as continue to introduce new reduced and no sugardrinks. We also continue to support and promote small packs(300mL or under) and are absolutely committed to ensuringour communications are responsible and appropriate for everyspace and place - ensuring those under 14 are not directlytargeted by our advertising or promotions, he says.

Bruce Sherman, chair of the New Zealand Beverage Council,says it applauds Coca-Cola New Zealand for taking thisimportant step towards further reducing sugar in itsdrinks.

We recently had the Minister of Health respondto the Food Industry Taskforce recommendations about themeasures manufacturers will take, and are already taking,towards encouraging healthy lifestyles. The sugar reductionsteps taken by Coca-Cola New Zealand demonstrates thebeverage industry is already making strong progress in thisarea, Sherman says.

[1] Based on volume weightedaverage sugar content (g per 100mL). Reduction from 2016 to2025. Coca-Cola Oceania (CCO) and Coca-Cola Amatil NZBeverages (CCANZ) portfolio: Carbonated soft drinks, fruitdrinks, fruit juice, iced tea, water and flavoured waters,sports, energy drinks and flavoured milks.

- ENDS

Scoop Media

Scoop Citizen Membership ScoopPro for Organisations

Read the rest here:

Coca-Cola New Zealand announces 20% sugar reduction goal - Scoop.co.nz

Tesla is ‘bitcoin on wheels’ – Fox Business

Posted on January 30, 2020 by Danzig

GLJ Researchs Gordon Johnson argues Tesla is a bubble and its stock price will fall despite topping $600 per share.

Tesla zoomed higher after the electric-vehicle maker reported its second straight quarterly profit and said it expects to be profitable going forward.

Thursdays gain of more than 10 percent extended the stocks 2020 rally to nearly 40 percent. Shares have soared by more than 150 percent since Tesla reported a surprise third-quarter profit on Oct. 23.

This is a bubble, Gordon Johnson, CEO and founder of GLJ Research, told FOX Business Stuart Varney on Thursday. We think its effectively bitcoin on wheels. We think a lot of people are scared to miss the upside.

Bitcoin gained as much as 2,100 percent in 2017 before losing more than 80 percent of its value over the course of the next year. It has since gained nearly 200 percent from its lows, but remains more than 50 percent below its peak.

Teslas meteoric rally had inflicted short-sellers with $3.94 billion in mark-to-market losses this year after they lost $2.89 billion in 2019, according to financial analytics firm S3 Partners. The stock was the most-heavily bet against in the U.S. market with a short interest of $14.2 billion, or 18.7 percent of shares available to be traded, S3 said.

While some on Wall Street, like Johnson, think Tesla isa bubble, others say the electric-vehicle maker is built to last. Earlier this year Tesla's market capitalization, which is now more than $116 billion, topped that of Ford and General Motors combined.

Tesla CEO Elon Musk pauses while speaking before unveiling the Model Y at the company's design studio in Hawthorne, Calif. (AP Photo/Jae C. Hong, File)

Tesla reported a fourth-quarter profit of $105 million, or $2.14 a share, as revenue rose 2 percent year-over-year to $7.38 billion. The company lost $862 million over the course of 2019, but expects to turn a profit going forwardwith some temporary exceptions due to the launch and ramp of new products.

Wedbush Securities Managing Director Dan Ives called Teslas fourth quarter game changing and said the strong profitability and healthy cash flow suggest what could be the beginning of a new era for the company. He maintained his neutral rating, but raised his price target to $710 from $550. His new long-term bull-case scenario is $1,000 a share.

TESLA IS NOT THE FUTURE, ITS THE PRESENT: ANDREW LEFT

Ives believes Teslas 500,000 delivery target for 2020 is well within reach and that the automakers ability to ramp production and demand in China is critical over the next few years. The first Model 3 sedans made at Teslas Shanghai Gigafactory rolled off the assembly line earlier this year.

While Johnson also thinks China is a key market, he says 2020 is going to be a disaster as the coronavirus will significantly dent car demand in the country, which saw sales of new electric vehicles plunge 27.4 percent in December after a subsidy was cut. Overall, vehicle sales slumped 8.2 percent last year and electric-vehicle sales were down 4 percent, according to the China Association of Automobile Manufacturers.

CLICK HERE TO READ MORE ON FOX BUSINESS

Ahead of Wednesdays results, which caused a number of upgrades on Wall Street, analysts were skeptical of Tesla, with 25 recommending hold or sell, compared to just 10 who said, buy.

Link:

Tesla is 'bitcoin on wheels' - Fox Business

Tesla Racks Up Another Record Year (and Another Loss) – Yahoo Finance

Posted on January 30, 2020 by Danzig

(Bloomberg Opinion) -- Three months ago, Tesla Inc. notched up a $9 billion gain in market capitalization in the immediateaftermath of reporting a $143 million quarterly profit. On Wednesday, it reaped $12 billion on $105 million. Dont forget the $50 billion it racked up in between those dates, of course.

Teslas market cap has more than doubled to more than$100 billion since reporting that surprise profit for the third quarter. Besides that boost to confidence, the company also managed to meet the low end of delivery guidance for the fourth quarter, started producing vehicles at its new plant in China, unveiled the Cybertruck and began teasing out details of a planned factory in Germany. The latest quarterly profit and $1 billion of free cash flow for the fourth quarter have evidently kept the momentum going.

As with the previous quarter, the dissonance between the mouse-sized number at the bottom line and the elephantinemarket reaction is deafening, especially given the stock-price surge during the intervening period. Consider, for example, that since Tesla reported full-year results for 2018 a year ago, its market cap has increased by $51 billion ($63 billion if you count Wednesdays immediate after-market action). In the meantime, Teslas annual vehicle salesincreased by 50%, revenue increased by 14% and GAAP net losses shrank only a little, from $976 million to $862 million.

Indeed, just looking at the fourth quarter, vehicle deliveries and energy storage deployments hit records. Yet revenue growth was just 2.2%, year over year, and net income fell 25%. Its worth noting that the $105 million of earnings was more than accounted for by the $133 million of regulatory credits sold in the quarter. As for the $1 billion of free cash flow Tesla reported, more than half is accounted for by those credits, a big working capital swing and$204million of other cash from operations that await some 10K-filing details.

As ever, Tesla bulls are less focused on small earnings and the sharp slowdown in growth, andmore on the promise of what comes next. From that perspective, tiny net profits on record deliveries represent progress rather than dissonance.

Tesla said it would exceed 500,000 vehicle deliveries this year, including the new Model Y, and boost energy-product deployments by at least 50%. Limited volumes of the elusive Tesla Semi truck are also planned. Yet Tesla continues to caveat its expectations of positive free cash flow and GAAP net incomes with the temporary exceptions caused by the launch and ramp-up of new products. The current quarter got additional caveats on the earnings call, centered on seasonal effects and, of course, coronavirus-related impacts.

It has been interesting to watch in recent months as some analysts have raced to catch up with the stock price by tweaking their targets with this or that justification; a big future earnings uplift here, a bump to the multiple there (not the first time weve seen this happen).

At $650, the after-market price is pretty much divorced from any reasonable underlying math. A multiple of forecast GAAP earnings for the year of 275 times is all but meaningless. Tesla has been a terminal value stock for so long, in the sense that its price rests implicitly on long-term profit expectations. But its worth thinking about the numbers for a second.

As of Wednesday evening, the consensus forecasthasTesla flipping from a net loss of almost $5 a share last year to a profit of almost $2.40 in 2020 and then growing at more than 100%, compounded, through 2023. Looking out 10 years, I wondered what sort of earnings Tesla would need in 2029 to justify its stock price, assuming its terminal value in that year accounted forhalf the current market cap. At a 10% cost of capital, it works out to just over $200 per share or an 86-fold increase versus 2020s (forecast) earnings.(1)

CEO Elon Musk summed this all up near the start of Wednesday evenings call with the question, Where will we be in 10 years? Its rhetorical power can be seen in the way investors reset the clock as each set of full-year results passes by.

(1) This exercise assumes earnings as a proxy for free cash flow. I took the current consensus forecast for 2023, $21.61 per share, and then calculated the growth rate through 2029 such that those "cash flows", discounted at 10%, added up to half the share price of $650 (which is where it reached in after-market trading on Wednesday). There is no real rule of thumb on what proportion of the company's value should be accounted for by the terminal value. So 50% is just my assumption, though it would seem reasonable for a company that will have been listed for 20 years at that point.

Story continues

To contact the author of this story: Liam Denning at ldenning1@bloomberg.net

To contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.net

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.

For more articles like this, please visit us at bloomberg.com/opinion

Subscribe now to stay ahead with the most trusted business news source.

2020 Bloomberg L.P.

Cyberphone is an iPhone 11 Pro designed to look like Tesla Cybertruck – Business Insider – Business Insider

Posted on January 30, 2020 by Danzig

If you can't wait to get your hands on Tesla's new Cybertruck, this modified iPhone may be the next best thing. And like the Cybertruck itself, you'll probably either love it or hate it.

Russian luxury tech company Caviar recently announced the Cyberphone, an iPhone 11 Pro that's been modified to look like Tesla's recently announced electric truck. The company says the phone's aesthetic was inspired by the geometry of Tesla's angular Cybertruck, which the company announced in November.

The Cybertruck quickly gained attention for several reasons, from its polarizing and unconventional design to the truck's theatrical unveil, which involved a "cybergirl" hologram believed to be Grimes and an unexpected demo gone awry in which the vehicle's armored glass windows were shattered on stage.

The Cyberphone may be tens of thousands of dollars cheaper than the Cybertruck it's based on, but it's still significantly more expensive than the average smartphone. The Cyberphone starts at $5,256, according to Mashable, and only 99 of them will be made.

Here's a closer look at the Cyberphone.

Visit link:

Cyberphone is an iPhone 11 Pro designed to look like Tesla Cybertruck - Business Insider - Business Insider

2020 will be the most shocking year in Tesla’s history but not for any of the usual reasons – Business Insider Nordic

Posted on January 30, 2020 by Danzig

Never a dull moment that's been Tesla's story pretty much since the beginning. My first conversation with anyone at the company, back in 2008 before it went public, was about how Tesla could avoid going out of business.

Tesla is 16 years old, and for much of that period the electric-car maker's live-on-the-edge ethos has made it widely admired while also routinely inviting naysayers to predict its imminent demise. On one hand, Tesla is changing the world. On the other hand, Tesla is going bankrupt.

To be honest, the dynamic is exhausting. Especially in the context of the auto industry, where uneventful execution is everything. While Tesla has been taking us on a roller-coaster ride, Toyota has been cranking out millions of cars every year, selling them to satisfied customers, and making predictable bank.

True, Chrysler and General Motors did enter Chapter 11 during the financial crisis. But both companies had stayed alive for a century, more or less, before numerous legacy problems caught up with them. They'd successfully weathered many downturns before the US economy basically collapsed around them.

The Tesla Model 3. Matthew DeBord/BI

Back to Tesla and its ongoing fortunes. On Wednesday, the company clobbered expectations for fourth-quarter 2019 earnings, and its stock price, already on a tear since last year, blasted higher in after-hours trading. Remarkably, an automaker that had rarely posted a quarter in the black since its 2010 initial public offering was worth more on paper at over $100 billion in market capitalization than Volkswagen.

The financial valuation is kind of screwy, of course. VW's enterprise value remains vastly higher than Tesla's, and Tesla would have to more than double its already ludicrous market cap to surpass Toyota, the world's most valuable carmaker. It bears repeating that Tesla sold fewer than 400,000 vehicles last year, while GM and Ford Tesla is valued more highly than the two combined sold nearly 6 million.

But let's not get hung up on the little numbers versus the big. The salient point here is that in 2020, Tesla is really going to shock everybody. And not for the usual reasons.

The year is likely to be boooor-ing. Not boring in that CEO Elon Musk won't do or say some wild things, or that Tesla won't showcase some zany product, as it did late last year with its sci-fi-grade Cybertruck.

No, boring in the sense that Tesla has finally developed the self-sustaining business that has long evaded it. By my reckoning, we could look forward to four quarters of about $7 billion in revenue, with something like $1 a share in GAAP profit. Presto: $28 billion for the year (and probably more), with $4 a share in profit (back of the envelope, by the way, so please correct me if I'm off).

That looks more like a single quarter for a traditional carmaker, so clearly Tesla's share price is silly time and should retreat if for no other reason than longtime investors would be crazy not to rake in some winnings at this point and hedge against a pullback, which could be substantial.

But what we have here, ladies and gents, is a business that is finally working the way it's supposed to.

Tesla's factory in California. Tesla

Two big issues remain. Global demand for electric vehicles is, to be blunt, terrible. Tesla dominates a tiny market that isn't growing very rapidly. Tesla also hasn't established what its net margin per vehicle is. The investment idea is that it could be 20% an Apple-like figure in an industry where anything close to 10% is considered outstanding. The bottom line, quite literally, is a question of whether Tesla can build cars for a lot less than it costs to sell them.

Tesla also has one unconfronted challenge in 2020 that isn't much discussed: With its fleet expanding, can it service all the cars it has sold? Tesla's weakness has always been its production capabilities, which curiously lag the rest of the industry's (Tesla's entire 2019 output is a few months of work for a legacy player).

But while its vehicles have made owners deliriously happy, cars do break, and Tesla's service infrastructure is at best gestational right now. The smartest move it could make would be to abandon its preoccupation with direct sales and avoiding the US franchise dealer systems and adopt a hybrid model, partnering with a major dealer chain for service in the same way it has allied with big banks for financing.

In the grand scheme of things, however, that won't slow Tesla down too much. So sit back, relax, and enjoy 2020, the most boring year in Tesla's history.

Go here to see the original:

2020 will be the most shocking year in Tesla's history but not for any of the usual reasons - Business Insider Nordic

Here’s what every major analyst had to say about Tesla’s big earnings beat – CNBC

Posted on January 30, 2020 by Danzig

The new Tesla Model Y is introduced. Tesla has expanded its model range to include an SUV based on the current Model 3.

Hannes Breustedt | picture alliance | Getty Images

(This story is for CNBC PRO subscribers only.)

Tesla beat Wall Street's quarterly earnings expectations and the stock is surging but many major analysts were unmoved by the report and are sticking by their bearish position.

While analysts all noted Tesla's strong performance, as well as its recent blistering stock rally, only a handful adjusted their investment recommendation of the stock.

"The bull narrative has shifted from Tesla disrupting multiple industries to Tesla being a profitable and growing next-generation automaker. Even if one were to stipulate that as true, we believe the shares are sharply overvalued as an automotive [manufacturer]," Barclays analyst Brian Johnson wrote.

Likewise, Bernstein analyst Toni Sacconaghi said that the risk for investors, both to the upside and the downside, makes Tesla untenable.

"On net, we believe Tesla is simultaneously too hard to short without a discernible catalyst ... but also too expensive and risky to initiate a significant overweight," Sacconaghi said.

Tesla share rose 10.3% in trading to close at $640.81.

Here's what every major analyst said about Tesla's earnings.

Visit link:

Here's what every major analyst had to say about Tesla's big earnings beat - CNBC

Tesla Energy is back to growth, thanks to cheap solar subscriptions and Solarglass – Electrek

Posted on January 30, 2020 by Danzig

Tesla beat expectations with its earnings yesterday, and while its record car sales were definitely the driver, Tesla Energy returning to growth didnt hurt, either.

The companys solar division is growing again, thanks to cheap solar subscriptions and its new Solarglass roof, and its energy storage business is doing better than ever.

Since the acquisition of SolarCity in 2016, Tesla has cut down on its solar business in a massive way, resulting in a significant slowdown of installations over the years.

But over the last year, Tesla has been trying to revamp its solar business and go back to growth.

Recently, Tesla launched a new solar rental service in which homeowners can get a solar panel system for just $50 per month.

They have alsolaunched a new commercial solar online ordering platform.

The company has been making its pricing simpler and more transparent, and they have been more actively pushing their energy products.

On top of its solar panel retrofit, Tesla has been working on accelerating installations of its Solarglass roof with the third generation.

Tesla is still not back to the level of solar deployment that its solar division was achieving under SolarCity, but at least its back to growth for two quarters in a row.

Yesterday, the company announced that it deployed 54MW of solar power during the fourth quarter of 2019:

It represents the second quarter of growth and a 26% quarter-to-quarter growth since relaunching the Tesla Energy solar business in 2019.

Tesla wrote about its solar business in its shareholders letter:

In Q4, we deployed 54MW of solar, 26% more than in the prior quarter. Where offered, subscription solar has grown significantly in Q4. With a monthly subscription that can generate income from the first month of usage, there is no reason not to have solar panels installed.

As for the energy storage business, Tesla achieved a new all-time record quarter with 530MWh of capacity deployed, including the first Megapacks, Teslas new utility-size energy storage product.

Tesla also wrote about its energy storage business:

Energy storage deployment reached an all-time high of 530MWh in Q4, which included the first deployments of Megapack, our new commercial scale 3MWh integrated storage system that is preassembled at Gigafactory Nevada as a single unit. Since the introduction of this product, the level of interest and orders from various global project developers and utilities has surpassed our expectations.

Thats 136% year-over-year growth, with Tesla installing more energy storage in 2019 than it did in all previous years combined.

CEO Elon Musk said that Tesla Energy is becoming a distributed global utility, and it could even outgrow Teslas automotive sector.

For now, it still represents only a small portion of Teslas business. In Q4 2019, Tesla generated $7.384 billion in revenue. $6.4 billion came from automotive, and $436 million came from energy.

I am growing more and more optimistic about Tesla Energy.

Tesla is now in a strong financial position to support paying upfront for solar subscription deployment, and it should be able to get the revenue from those installations for more than 20 years.

I could see Tesla having 1 million solar subscription customers by the end of the decade.

I still dont think it would be the biggest part of Teslas business by then, but it would be a significant part of its operations.

What do you think? Let us know in the comment section below.

FTC: We use income earning auto affiliate links. More.

Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.

See the rest here:

Tesla Energy is back to growth, thanks to cheap solar subscriptions and Solarglass - Electrek

Tesla is on a tear and is now the world’s No. 2 automaker by market capitalization – Business Insider – Business Insider

Posted on January 30, 2020 by Danzig

Sorry, Volkswagen.

Tesla last week unseated the German carmaker as the world's second-largest automaker by market capitalization. Its ever-soaring stock is sealing its place in the top three in the wake of an earnings beat at least for now.

Tesla's market capitalization as of Wednesday was $104.7 billion. Volkswagen, which was No. 2 until Tesla began its stock tear, has a market cap of $84.9 billion. The No. 1 automaker by market cap is Toyota, which has a market cap of $202.3 billion.

It's an unprecedented high for Tesla, which in the past year faced an investigation by US regulators, the departure of key board members, and investor uncertainty that led one Wall Street veteran to call Tesla's 2019 second quarter "one of top debacles we have ever seen."

But now Tesla's stock price has doubled since October. It posted surprise profits in the third quarter and stayed profitable in the fourth quarter. To go with record 2019 sales, it also completed an unexpectedly speedy construction of its first international factory, which is now churning out Model 3s in Shanghai.

Production of its crossover, the Model Y, is also unexpectedly ahead of schedule, with deliveries scheduled to kick off by the end of March.

Tesla's market cap is now higher than those of its fellow American carmakers GM and Ford combined.

Follow this link:

Tesla is on a tear and is now the world's No. 2 automaker by market capitalization - Business Insider - Business Insider

Tesla unveils new Model Y wheels: berturbine and Induction wheels – Electrek

Posted on January 30, 2020 by Danzig

Tesla has updated all the wheels options for the Model Y, unveiling two more wheel designs in the process: berturbine and Induction wheels.

Over the last few months, we have seen many new Model Y prototypes with unreleased wheels, including wheels that Tesla first unveiled on the Model 3 prototypes back in 2016 but never released.

After the original unveiling in 2016, Tesla CEO Elon Musk said that they spent a lot of time on those wheels, and that they plan on bringing them to production.

They never did for the Model 3, but one of them has been spotted on a couple of Model Y prototypes, and we speculated that Tesla might finally bring them to production as exclusive wheels for the electric SUV.

With the start of production and the announcement of the first deliveries in March, Tesla has updated its Model Y online configurator to include two new wheel options:

Here are the new Tesla Model Y wheels:

Tesla also made the 19-inch Gemini wheels standard on all versions of the Model Y.

However, the Gemini wheels were already made available on the Model 3 in China, as well as an aftermarket winter wheel and tire package for the Model 3 in North America.

As for the two new wheel designs, they are only available on the Model Y.

The 20-inch Induction wheels are now only offered as a $2,000 option on the Model Y Long Range Dual Motor and Performance versions.

They have been spotted on a Model Y prototype for the first time earlier this month.

The new 21-inch berturbine Wheels are only available on the Model Y Performance version. They were also previously spotted on a Model Y prototype, but they were first unveiled on the Model 3 prototype in 2016.

The wheels design was credited to Joonas Vartola, a car designer who left Tesla in 2016 to become an independent designer in Finland.

Back in 2018, Musk said that Tesla would make that specific design available as an aftermarket upgrade for the Model 3 later in the year,but it never happened.

Now its officially going to production in the Model Y.

Along with the announcement yesterday that Tesla is starting Model Y production and the first deliveries are going to take place in March, Tesla confirmed that the range of the Model Y can now reach 315 miles on a single charge up from the previously announced 280-mile.

However, the range can only be achieved with the standard 19-inch wheels.

The bigger 20- and 21-inch wheel options are going to affect efficiency and reduce the EPA-rated range of the electric SUV to around 280 miles, according to Teslas own estimate.

FTC: We use income earning auto affiliate links. More.

Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.

See the original post here:

Tesla unveils new Model Y wheels: berturbine and Induction wheels - Electrek

Select Page ::