Tag Archives: production

(Reuters) -The Federal Aviation Administration’s (FAA) audit of Boeing’s 737 MAX production process after a panel blew off on an Alaska Airlines jet in January failed 33 of 89 tests, the New York Times reported on Monday. In the wide-ranging investigation, Boeing failed a check which dealt with the component that blew off the jet, known as a door plug, the report said, citing an FAA presentation viewed by NYT. Supplier Spirit AeroSystems, which makes the fuselage for the MAX, passed six of 13… Source link

Tesla (TSLA) reported Q4 earnings that missed estimates and issued a downbeat full-year production outlook that weighed on the stock, though CEO Elon Musk did confirm that the company’s next-gen vehicle will be coming in the second half of 2025. For the fourth quarter, Tesla reported top-line revenue of $25.17 billion vs. $25.87 billion (est.), however revenue rose approximately 3% from a year ago. From a profitability standpoint, Tesla reported adjusted EPS of $0.71 vs $0.73 (est.) and… Source link

Tesla stock is trading slightly higher in after hours following the EV maker reporting a Q4 earnings revenue and profit beat. In addition, the most significant news for Tesla’s 2023 roadmap is the upcoming Cybertruck is on track for production later this year. For the quarter, Tesla (TSLA) reported: That revenue represents another record high for Tesla, up over $2 billion sequentially from Q3 and nearly $7 billion from a year ago. On the profitability end, Tesla is reporting adjusted net income… Source link

A new report suggests that Google plans to start mass producing parts for its foldable flagship in Q3. Samsung Display in particular will start making foldable displays in July or August, according to The Elec. Google’s foldable project has suffered multiple delays over the last couple of years, so these plans are not set in stone. There seems to have been a downgrade of the displays. The Korean publication reports that Samsung Display will be making a 7.57” foldable panel and a… Source link

DETROIT — Every team in the Western Conference feels like it’s one significant move away from separating itself from the muck and being established as a power. Luka Doncic’s Dallas Mavericks illustrate that better than anyone, it seems. Monday, they seemed to validate their run to the conference finals in a Game 7-like beatdown of the hot Phoenix Suns. A few nights before, it was hard for them to muster the requisite energy to match a hungry Detroit Pistons team — falling in overtime… Source link

Rivian (RIVN) stock jumped after hours as the electric adventure vehicle maker reported a narrower loss than expected loss for the third quarter, and also reaffirmed its full-year production forecast and financial outlook. For the quarter Rivian reported revenue of $536 million, missing estimates of $561.1 million, and reported an adjusted EPS loss of $1.57 a share, smaller than the expected loss of $1.86. More importantly for investors, the company said it would still hit its 25,000 vehicle… Source link

JPMorgan CEO Jamie Dimon, pictured in November 2021, has spoken out on the bank’s need to harness big sets of data and artificial intelligence across units like asset management.REUTERS/Brian Snyder/File Photo JPMorgan CEO Jamie Dimon spoke to wealthy clients on a call Tuesday, Yahoo Finance reported. The call touched on various topics, including climate change and the odds of a recession. He said US natural gas production does not conflict with the reduction of greenhouse gas… Source link

It was business as usual at Tesla’s (TSLA) annual meeting last night, peppered with commentary from CEO Elon Musk across a number of topics like car production, supply chain and pricing, and of course the status of the Cybertruck. A number of proposals were put to shareholders to vote on, key among them management’s desire for a 3 for 1 stock split, which was approved by shareholders. Based on yesterday’s closing price the new share price would be around $308. Musk’s presentation to… Source link

Lucid Group (LCID) shares crashed in after hours trading on on Wednesday following the release of the electric vehicle (EV) maker’s second quarter report. The company cut its production outlook for 2022 for the second time in as many quarters, now forecasting it will make 6,000-7,000 cars this year, down from its prior guidance of 12,000-14,000. At the beginning of the year, the company had expected it would make up to 20,000 cars this year. “Our revised production guidance reflects the… Source link

Tesla (TSLA) stock was up over 10% Thursday afternoon, as the electric vehicle maker reported a better quarter than feared, given production challenges in China, component shortages, and the resources it’s using to gear up production at new factories in Austin and Berlin. In Tesla’s shareholder letter, the company noted that its installed annual capacity, or theoretical max production, increased by nearly two-fold. Tesla’s Fremont production capacity expanded to 650,000 vehicles from… Source link